PALO ALTO (KCBS) – Now that the debt ceiling stalemate has been resolved, the Obama administration is looking to leaders in Silicon Valley on ways to encourage innovation and create jobs.

Many tech heavyweights were part of a panel discussion, as the President’s Council on Jobs and Competitiveness gathered on Tuesday in Palo Alto.

“Entrepreneurship is a risk-taking attitude that together with great universities and risk capital, is a uniquely American asset,” said John Doerr, a partner at Kleiner Perkins Caufield & Byers.

KCBS’ Margie Shafer Reports:

Doerr pointed to the Apple App Store as his favorite example of how technology can enable great growth and empower other entrepreneurs.

Steve Case of Revolution and co-founder of America Online, said in the 90’s, government opened the Internet and got out of the way.

“That model can apply to other areas. The key is how you make sure that initial phase innovation starts here and that initial wave of expansion stays here,” Case said.

Analysts agree and said that education is key to job growth, acknowledging that education will evolve, especially with online learning allowing access.

The Jobs Council was created as a way to provide non-partisan advice to the President on ways to continue to strengthen the U.S. economy and ensure the competitiveness of the country in creating jobs.

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