The Forum consisted of panel discussions and workshops, and was extremely well attended. There was considerable discussion about creating innovation ecosystems, ways to fund and nurture knowledge creation and innovation, roles of various stakeholders, and the infrastructure required. The speakers and participants agreed that transition efforts should be on multiple fronts such as attracting multinational corporations to build R&D facilities, the need to increase university-industry collaborations, partnerships between academia, government and industry (AGI initiatives), and instituting policies, laws and regulations that incentivize these activities. The strategies included were investing in research, entrepreneur focused education and mentoring, creating SBIR and STTR type programs, greater communication between the stakeholders, and creating prototyping and light manufacturing facilities. And, as we found there are already some efforts underway to build or enhance innovation centers within universities and engage in entrepreneurial activities. There are however some barriers which are being addressed such as culture in universities and industry, skills and training of technology transfer professionals, and an undeveloped innovation ecosystem to support and sustain startup companies.