More than 20 local companies were represented Thursday at the Third Annual FedEx Institute of Technology Innovation Expo.
Area scientists displayed and explained their research, innovations, and creations.
They were all here. Every top local research oriented organization: Smith & Nephew, Buckman International and St. Jude children's Research Hospital. They were showing off their latest innovations and developments.
One of the keynote speakers was someone who has been at the top of his field working for the CIA and FBI in lead positions in counterterrorism. Philip Mudd, currently Director of Global Risk at Southern Sun Asset Management in Memphis, assesses risk in the global marketplace.
Mudd said the government shutdown budget stalemate in Washington, D.C., is a final showdown on what the American people really want from the federal government.
"I think the potential for shutdown can go on for as long as weeks because of the differences between the two sides," Mudd said. "Smaller government, big government are profound. This is reflective of a broader social question about what do you want from government. Do you want more government do you want less. So shutting down the government is a way to accelerate a debate and I think it is really important for American culture."
It is at expos just like this one at the FedEx Institute that is where the innovation is going to come from to move the country forward, Mudd added.
"The way this country will grow is obviously not innovation in government," he said. "It's by innovation by people like those here at the FedEx today, like those I work with. It is the private sector engine that forces people to say how can I make tomorrow better than today. That's what I see in Memphis."
Mudd said after spending 25 years working in government it is refreshing to see the quality of talent he has met since moving to Memphis.