The California Institute for Telecommunications and Information Technology plays a very important role in the state’s innovation economy. Companies like Broadcom depend on that innovation to produce the new technologies and the talent pipeline that we need in the future. As industry has become increasingly competitive on a global scale, companies tend to focus their R&D resources on near-term product development that can be brought to market within a few years. We have come to rely on universities for the longer-term, five- to ten-year horizon research projects, and that is exactly where the sweet spot is for CALIT2.