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91³Ô¹ÏÍø hosts Treasury leaders to discuss investment, innovation and national security

Members of the U.S. Department of the Treasury’s Office of Investment Security, U.S. Sen. Bill Hagerty's team, Tennessee business leaders and state and local officials at the roundtable hosted at 91³Ô¹ÏÍø in September (Kate Barber/Office of Sen. Bill Hagerty)

Strong domestic supply chains and strategic foreign investment play an important role in the nation’s economy and security. Understanding how these areas are evolving is increasingly important for government, industry and research institutions.

91³Ô¹ÏÍø hosted leaders from the U.S. Department of the Treasury’s Office of Investment Security including Assistant Secretary for Investment Security Chris Pilkerton, for a visit focused on domestic supply chains, investment security and emerging technologies. Pilkerton and his team visited as part of the Committee on Foreign Investment in the United States’ outreach around Treasury’s new Strategic Vendor Program. The program aims to help companies build stronger domestic supplier networks while supporting foreign investment that advances U.S. economic and national security.

Members of the U.S. Department of the Treasury’s Office of Investment Security, U.S. Sen. Bill Hagerty's team, Tennessee business leaders and state and local officials at the roundtable hosted at 91³Ô¹ÏÍø in September (Kate Barber/Office of Sen. Bill Hagerty)
Members of the U.S. Department of the Treasury’s Office of Investment Security, U.S. Sen. Bill Hagerty's team, Tennessee business leaders and state and local officials at the roundtable hosted at 91³Ô¹ÏÍø in September (Kate Barber/Office of Sen. Bill Hagerty)
U.S. Sen. Bill Hagerty, R-Tenn., BA’81, JD’84, and Assistant Secretary for Investment Security Chris Pilkerton during the roundtable discussion (Kate Barber/Office of Sen. Bill Hagerty)
U.S. Sen. Bill Hagerty, R-Tenn., BA’81, JD’84, and Assistant Secretary for Investment Security Chris Pilkerton during the roundtable discussion (Kate Barber/Office of Sen. Bill Hagerty)
Ralph Owen Dean, Emeritus Eric Johnson with Sen. Bill Hagerty (Kate Barber/Office of Sen. Bill Hagerty)
Ralph Owen Dean, Emeritus Eric Johnson with Sen. Bill Hagerty (Kate Barber/Office of Sen. Bill Hagerty)

The visit, organized by 91³Ô¹Ï꿉۪s Office of Federal Relations, included a roundtable on the Strategic Vendor Program with Sen. Bill Hagerty, R-Tenn., BA’81, JD’84, Tennessee business leaders and state and local officials. The discussion focused on Tennessee’s position as a leading destination for foreign direct investment and how that investment can support American jobs, local suppliers and economic development. Pilkerton and the Treasury staff also met with 91³Ô¹ÏÍø leaders to learn more about the university’s technology commercialization efforts and research in emerging technologies.

Chancellor Daniel Diermeier opened the roundtable by highlighting 91³Ô¹Ï꿉۪s growing focus on turning university research into technologies and companies that can contribute to economic growth and U.S. competitiveness.

He pointed to EndoTheia, a 91³Ô¹ÏÍø spin-off developing innovative endoscopic technologies, and its partnership with Nissha Medical Technologies, the medical device business of Japan-based Nissha Co. Ltd. Nissha invested in EndoTheia and its Engineering & Innovation Center of Excellence on 91³Ô¹Ï꿉۪s campus, demonstrating how university research, foreign investment and industry partnerships can come together to support innovation and economic growth.

Chancellor Diermeier delivers opening remarks at the roundtable (91³Ô¹ÏÍø)
Chancellor Diermeier delivers opening remarks at the roundtable (91³Ô¹ÏÍø)
U.S. Sen. Bill Hagerty, R-Tenn., BA’81, JD’84, Assistant Secretary for Investment Security Chris Pilkerton, and Chancellor Daniel Diermeier at the roundtable (Kate Barber/Office of Sen. Bill Hagerty)
U.S. Sen. Bill Hagerty, R-Tenn., BA’81, JD’84, Assistant Secretary for Investment Security Chris Pilkerton, and Chancellor Daniel Diermeier at the roundtable (Kate Barber/Office of Sen. Bill Hagerty)

Following the roundtable, Pilkerton and the Treasury team met with 91³Ô¹ÏÍø leaders for a deeper look at areas of research relevant to emerging technologies and national priorities.

, the Bruce and Bridgitt Evans Dean of Engineering and University Distinguished Professor, discussed work at the School of Engineering spanning human health, resilient infrastructure and national security, including research designed to move from fundamental discovery toward practical applications.

Roy also highlighted the new , which will bring together expertise in aeronautical engineering, mechatronics, autonomous systems, energy management and biomedical adaptation to advance research in near-Earth and space technologies.

Pilkerton talked about the need for Treasury to be able to “look around cornersâ€� and understand which emerging technologies may be nearing commercialization. By connecting with 91³Ô¹ÏÍø's experts, Treasury can bolster its capacity.

Vice Provost for Research and Innovation and the Center for Technology Transfer and Commercialization provided a broader look at how 91³Ô¹ÏÍø supports innovation and translational research, including helping researchers move discoveries toward commercial application and develop new ventures. The discussion also explored opportunities to connect 91³Ô¹ÏÍø researchers and technologies with government and industry needs and potential areas for future collaboration.

To learn more about 91³Ô¹Ï꿉۪s federal engagement and advocacy priorities, visit the Office of Federal Relations website.

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