U.S.

CHIEF TECHNOLOGY OFFICER ANEESH CHOPRA STRESSES AMERICA’S NEED TO

ENHANCE INNOVATION AT IBF CONFERENCE

Chopra Outlined His Goals to Help Corporations and Entrepreneurs at the 13th Annual IBF
Corporate Venturing and Innovation Partnering Conference
www.corporateventuringconference.com

February 25, 2011 (Newport Beach, CA) – Aneesh Chopra, the U.S. Chief Technology Officer
and Associate Director for Technology in the White House Office of Science and Technology Policy, said
in an interview last Friday that America must “out-innovate, out-educate, and out-build” its global
competitors through such activities as building a digital infrastructure, strengthening programs in science,
technology, engineering, and mathematics education, and changing the rules of the road to encourage
innovation.

In an interview on the second day of the annual International Business Forum (IBF) Corporate
Venturing and Innovation Conference at the Hyatt Regency in Newport Beach, Chopra added that the
Obama Administration is also working to make permanent the research and experimentation tax credit,
streamline patent policies, and more aggressively promote entrepreneurship through such programs as the
recently launched “Startup America.”

While it is important to be fiscally responsible, he added, it is also crucial that the federal budget
maintains the kinds of investments that will generate the jobs and industries of tomorrow. “We want to
make sure we don’t eat our seed corn before we plant it,” Chopra said.

Chopra, who serves as an Assistant to the President, also said the U.S. has made it a top priority
to increase the percentage of young Americans who acquire college degrees. The percentage of young
Americans who obtain college degrees currently ranks No. 9 in the global economy, he said, adding: “By
2020, we want this percentage to return to No. 1.”

In addition, Chopra encouraged the adoption of comprehensive immigration reforms, including

elements that would make it easier for top foreign technology students to matriculate in top U.S.
universities and stay in the country after graduation. “We want to make sure that the best and the brightest
have the opportunity to study here and stay here to help create jobs for the American people,” Chopra
said.

The IBF conference focused on capturing U.S. technology innovation and enhancing market
share through corporate venturing and innovation partnerships as globalization and the accelerating pace
of innovation radically alter the competitive landscape. Capturing innovation is at the top of the corporate
agenda for global growth. Corporate venturing is a vehicle used by corporations to capture innovation,
providing a window for acquisitions and an opportunity for strategic partnerships. Statistics introduced at
the conference showed corporate investment in venture capital did increase in 2010 over 2009.

About Aneesh Chopra

Aneesh Chopra is the United States Chief Technology Officer—in which role he serves as an Assistant to
the President—and Associate Director for Technology within the White House Office of Science &
Technology Policy. He works to advance the President’s technology agenda by fostering new ideas and
encouraging government-wide coordination to help the country meet its goals, from job creation to
reducing health care costs to protecting the homeland. He was sworn in on May 22nd, 2009. Prior to his
appointment, he served as Secretary of Technology for the Commonwealth of Virginia from January 2006
until April 2009.

About the 13th Annual Corporate Venturing and Innovation Partnering Conference

The annual event held February 16-18 in 2011 at the Hyatt Regency Newport Beach, California presented
by International Business Forum (www.ibfconferences.com) provided corporate investors with strategies
to gain a competitive advantage through corporate venturing and innovation initiatives. Capturing
innovation is at the top of the corporate agenda for global growth and an important lever to increase
profitability and market share. Corporate venturing is a vehicle used by corporations to capture
innovation, provide a window for acquisitions, and an opportunity for strategic partnerships.

Contact: Alexandra Scott, CEO

International Business Forum/IBF Conferences

alex@ibfconferences.com

(516) 765-9005 x300

www.ibfconferences.com