Download - Hot Spots Presentation to Colorado State University

A U T H O R O F W H Y G M M A T T E R S

BLUEPRINT FOR A REAL RECOVERY

WILL IAM J . HOLSTEIN

T H E

N E X T A M E R I C A N E C O N O M Y

Hot Spots

WilliamJHolstein.com

How American Cities, States, and Regions Create Technology Clusters

Presentation for Colorado State University

August 29, 2013

Follow along at slideshare.netSearch: Bill Holstein Colorado State

OCT. 19,1992

WHAT IS A CLUSTER?

WHAT IS A CLUSTER?

By “cluster,” we mean a successful example of technology-based growth such as:

‣ San Diego’s genomics and wireless industries

‣ Silicon Valley’s I.T.-related industries

‣ Dallas area’s telecommunications hub


WHAT IS AN IDEA FACTORY?


It can be a university, research institute, large hospital, national weapons laboratory or a large private sector company.



It is characterized by:‣ Sustained Interactions‣ Both Formal and Informal

Between:‣ Different disciplines‣ Different cultures, nationalities

With A Mix of Basic and Applied Research

Mostly Funded by Government and Corporations


HOW DO IDEAS LEAVE THE FACTORY?

HOW DO IDEAS LEAVE THE FACTORY?

The key is the technology licensing and patenting office.

‣ Under what terms does the office allow development of a technology?

‣ Does it facilitate robust exchange of ideas between "inside" and "outside?"

‣ What resources does it possess?


5 STAGES OF THE COMMERCIALIZATION ECOSYSTEM

STAGE 1

START UP

UNIVERSITYSETTING

FINANCING

TEAMSCIENTISTS & RESEARCHERS ONLY


GOV’TLARGE CO’S

STAGE 1 STAGE 2

START UP DEVELOPMENT

UNIVERSITY INCUBATOR/ HALFWAY

HOUSE

SETTING

FINANCING


TEAM GROWS: - MARKETING- FINANCE

OTHER KEY INPUTS:- MENTORING- PEER NETWORKING- SKILLED LABOR- NETWORKING MECHANISMS


GOV’TLARGE CO’S

SBAANGELS

FOUNDATIONS

INCUBATORS


INCUBATORS

There are more than 1,000 incubators in the U.S. Why are they not more effective?

‣ Funding is short-term and dependent on governors, mayors, and chambers of commerce.

‣ Income streams from rentals to start-ups is so important they do not encourage the companies to leave.

‣ They do not establish themselves at the heart of a technology cluster.


STAGE 1 STAGE 2 STAGE 3

START UP DEVELOPMENT MARKET FACING

UNIVERSITY INCUBATOR / HALFWAY

HOUSE

OFFICESETTING

FINANCING



PROFESSIONAL CEO MAY BE REQUIRED

OTHER KEY INPUTS:- MENTORING- PEER NETWORKING- SKILLED LABOR- NETWORKING MECHANISMS


GOV’TLARGE CO’S

SBA

VC FUNDING

ANGELSFOUNDATIONS

STAGE 1 STAGE 2 STAGE 3 STAGE 4


VALLEY OF DEATH

UNIVERSITY INCUBATOR / HALFWAY

HOUSE

OFFICESETTING

FINANCING




CEO + FULL FINANCIAL TEAM- MANUF.- LOGISTICS- SALES

OTHER KEY INPUTS:- MENTORING- INCUBATORS- PEER NETWORKING- NETWORKING MECHANISMS


GOV’TLARGE CO’S

SBA

VC FUNDING

ANGELSFOUNDATIONS

STAGE 1 STAGE 2 STAGE 3 STAGE 4 STAGE 5


VALLEY OF DEATH

FULLY COMMERCIALIZED


HOUSE

OFFICESETTING

FINANCINGGOV’T

LARGE CO’SSBA

VC FUNDINGTEAMSCIENTISTS & RESEARCHERS ONLY






ANGELSFOUNDATIONS



VALLEY OF DEATH



HOUSE

OFFICESETTING

FINANCINGGOV’T

LARGE CO’SSBA







ANGELSFOUNDATIONS

WHERE ARE THE GAPS???

‣ Absence of venture capital for early stage companies.

‣ Mechanisms for introducing Ph.D. would-be entrepreneurs to MBA-trained corporate executives.

MOST COMMON GAPS


http://www.truceinc.com/

‣ Shortages of skilled & technical labor that make it harder to achieve scale.



VALLEY OF DEATH



HOUSE

OFFICESETTING

FINANCINGGOV’T

LARGE CO’SSBA







ANGELSFOUNDATIONSWHERE ARE THE

OVERLAPS???

MOST COMMON OVERLAPS

If a state or region has too many competing institutions…and too much institutional rigidity…the result is confusion for end-users.

Resources are not properly focused…no one program achieves scale.


MOST COMMON OVERLAPS

KEY QUESTIONS:

‣ Do government agencies, political leaders, universities, institutes, innovation centers and the private sector have broad agreement on a strategic direction?

‣ …and who does what?


http://www.medicine.usask.ca/family/

TRAINING / RETRAINING ECOSYSTEM

Workers pay to take appropriate classes

Support from:- Fed / State / Local- Foundations- Student Loans

Companies require specific skills, advise community colleges on courses, provide equipment and instructors


COMMUNITY/TECHNICAL COLLEGE SYSTEM

Output

Well-trained workers for jobs that exist today and in the future

DOES EDUCATION FEED THE CLUSTER?

DOES EDUCATION FEED THE CLUSTER?

‣ Are community & technical colleges aligned with their region’s technology-based clusters?‣ Are they

anticipating their needs in 5-10 years?


Good fortunes for your

region lie ahead

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A U T H O R O F W H Y G M M A T T E R S

BLUEPRINT FOR A REAL RECOVERY

WILL IAM J . HOLSTEIN

T H E

N E X T A M E R I C A N E C O N O M Y

Available in print and e-reader formats today.


Download - Hot Spots Presentation to Colorado State University

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