cover. economic development & purdue university defining the role of the 21 st century land...
TRANSCRIPT
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COVER
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Economic Development & Purdue University
Defining the Role of the 21st Century Land Grant University
Economic Development Strategic Planning Working Group
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Economic Development Working Group
• Joe Pekny (Chemical Engineering)• Charlene Sullivan (Management)• Sam Cordes (Agricultural Economics)• Greg Deason (Purdue Research Foundation)• Jesse Moore (EVPT/Supplier Diversity)• Maureen Huffer - (Management - APSAC member)• Joe Seaman (President/CEO L-WL Development
Corp.)• Melissa Markofski (Health & Kinesiology - Graduate
Student)
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Proud Indiana History of Economic Leadership & Entrepreneurship
When Historic Opportunities Arise Hoosiers Have a Knack for Developing Them
Cruise IN: A guide to Indiana's automotive past and present, and Indiana Cars: A History of the Automobile in Indiana
Huge Indiana Role in Developing Automobile Industry
Indiana Helped Found the Pharmaceutical Industry
http://www.indianahistory.org/pop_hist/people/lilly.html
Indiana Role in…
Medical Devices
Logistics
Energy
Steel
Chemicals
…
Indiana Leads Many Agricultural Innovations
http://www.agriculture.purdue.edu/
Phil Nelson: Aseptic Packaging
Indiana Played a Large Role in the Space Program
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Strong Economic Development Foundation: The Purdue
Research Park
• A Research Park job generates 2.57 community jobs
• 2,800 employees, 146 companies
• $121 million venture capital
• 2004, 2005 national awards
• $58,406 average wage @ Purdue Technology Center
• West Lafayette, Indianapolis, Merrillville, New Albany (helping with other efforts)
• Purdue Research Park integrates many business development activities: The Power of a Holistic Approach
Feedback Loop
Purdue Research Park
Cooperative Education
Campus Wide
Startup Companies
Licensing
Joint Ventures (recruit companies to
Indiana)
An Engine for Large Scale Research & Economic Development
Industry
Partnerships
Purdue Activities
Graduating Students
Incoming Students
Seeding Nurturing Executing
Project Ideas
To Practice or Commercialization
Educational or Training Concepts
Purdue University Infrastructure
• Discovery Park• Academic Units • Technical Assistance Program• Center for Regional Development• Cooperative Extension Service• Office of Technology Commercialization,…
Education increases lifetime earnings, benefits subsequent generations, etc.
Improved education is increased economic development
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Economic Development Listening SessionsMerrillville/PTC NW
February 11
Lafayette Area/PTC
January 30
Indianapolis/Intech Park
January 31
Evansville
March 3
Indianapolis/B&T
February 8
Fort Wayne/IPFW
January 28
New Albany
February 13
Main Campus (Jan. 15)
Prof. Jay Akridge
Interim Vice Provost for Engagement
And the Entire Engagement Organization
Many Thanks to
Columbus
February 15
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Key Observations
• Purdue Has a Great Reputation– Viewed as Action Oriented
– “Honest Broker”
– People Want Purdue Leadership
• Work Force Development• Regional Assets/Regional Strategy• Tremendous Potential for Partnerships
– Indiana University, Notre Dame, Ivy Tech, IEDC,…
• Many Purdue Activities (Synergy!)
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Economic Development: Powering a Virtuous Cycle
• Link Purdue Research to Market Needs/Trends– Increased Industrial Partnership– Public Policy Institute– Globalization
• Strategic Fund Raising to Tie Discovery, Learning, & Economic Development– Seed Grant Program– Discovery Park Activity Indiana-Wide
• Partnerships (Notre Dame, IU, Ivy Tech,…)
• Grow “Bell Labs” of 21st Century
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Metropolitan-Rural Strategy
Evansville
(pop: 0.35 million)
Fort Wayne
(pop: 0.40 million)
Chicago
(pop: 9.2 million)
Indianapolis
(pop: 1.17 million)
Louisville
(pop: 1.0 million)
Cincinnati
(pop: 1.6 million)
State of Indiana
(pop: 6.3 million)
Metropolitan-Rural StrategyMetropolitan-Rural Strategy
“Rural Culture”
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Areas of Opportunity
Life Sciences
Advanced Manufacturing
Defense/Homeland Security
Energy & Holistic Analysis
Healthcare Delivery & Translation Aviation, Space
Entrepreneurship, & Aerospace
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The Talent Supply Chain
Traditional Students
P12 & STEM Work Force Development
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Many Faculty, Staff, & Student Opportunities
Recruit, Grow & Promote Entrepreneurs
“Purdue in Government” Program
“Faculty, Staff & Graduate Students in Industry”
Liberal Arts/Social Sciences Anchored Teams
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Purdue University Strategic Entrepreneurship & Economic Development (PU-SEED) Super Project
Purdue Activities
Incoming Students
Seeding Nurturing Executing
Project Ideas
To Practice or Commercialization
Educational or Training Concepts
Purdue University Infrastructure
• Brand Efforts to Maximize Leadership• University Wide Organization• Project Oriented/Portfolio Management Methods• Link Purdue to Practical Solution of Societal Grand Challenges• Inventory & Rank Opportunities to Manage Resources• Develop Regional & Sector Action Trajectories• Expand Partnerships for Economic Development• Seed Funding Program to Link Discovery, Learning, & Engagement
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Economic Development Action Group
Strategic & Tactical Execution
Vice President for Research OfficeDiscovery Park
Vice Provost for Engagement Office
Purdue Research Foundation
• International Programs
• Advancement
• Regional Campuses
• University Development
• Economic Development Strategy Group (Key Leaders, Deans,…)
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