Local Business Leader Tom Dretler to Join Governor Patrick's Innovation Economy Mission to United Kingdom Next Week

Mar 08, 2011, 09:27 ET from Eduventures

BOSTON, March 8, 2011 /PRNewswire/ -- Tom Dretler, President and CEO of Eduventures, will join Governor Deval Patrick along with a coalition of state officials and business leaders on the Massachusetts Innovation Economy Partnership Mission 2011 to Israel and the United Kingdom. The coalition will explore growth opportunities within the Commonwealth's innovation-based industries – technology, life sciences, clean energy, and financial services – and areas of common interest between the state's established and emerging partners in Israel and the U.K.

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"I'm happy to have Tom Dretler of Eduventures joining our coalition of leaders on this trade mission," said Governor Patrick. "Tom is at the forefront of our innovation economy, and we know his expertise will go a long way towards forging lasting economic ties and partnerships between Massachusetts, Israel, and the U.K."

As a leading research and consulting firm to higher education institutions, Eduventures will further the mission's goals of identifying new jobs and economic development opportunities in areas that are strengths for Massachusetts, such as higher education. During the trip, Dretler will take part in roundtables, company visits, and meetings with government and business officials with Governor Patrick and the other delegates in London and Cambridge. Eduventures will also be formally signing a new partnership deal with a U.K.-based higher education consulting firm.

"I'm honored to be joining the Governor and the rest of the delegation on this trade mission," said Dretler. "The Governor is playing an active role in helping companies like Eduventures expand globally in a manner that will create jobs at home.  This trip is central to that mission for our company and so many others."

The Massachusetts delegation arrived in Israel on March 7, and will depart the United Kingdom on March 17 to return to Boston.

Today, there are nearly 100 companies with Israeli founders or Israeli-licensed technologies in Massachusetts. In 2009, these companies employed nearly 6,000 people and generated $2.4 billion in direct revenue for the state. Local firms exported over $180 million worth of goods to Israel in 2009 and, at 12.35 percent, the United States is Israel's largest source of imports.

There are currently 478 companies with U.K. ties in Massachusetts. Of these, 225 U.K.-owned companies in the state employ 40,100 Massachusetts residents. Additionally, 253 Commonwealth-based companies have established operations in the U.K. Massachusetts companies exported over $4 billion worth of goods to the U.K. in 2009, and the United States is the U.K.'s second-largest source of imports at 9.74 percent. For two years in a row, the U.K. has been the largest market for Massachusetts exports.

Please visit www.mass.gov/governor/innovationmission for more information.

About Eduventures

Eduventures, Inc. is a research and consulting firm with deep expertise in higher education. Through our Learning Collaboratives and Consulting Division, we work with senior leaders at higher education institutions to drive enrollments, raise funds, optimize the academic portfolio, and operate more efficiently. For more information, visit www.eduventures.com.

CONTACT: Jessica Selchan, Eduventures, +1-617-532-6062, Jselchan@eduventures.com

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