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HOUSTON TECHNOLOGY & INNOVATION TASK FORCE
JUNE 2017
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Deliver recommendations to the Mayor and City Council to best drive Houston’s tech innovation and entrepreneurship economy
OUR CHARGE
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WHY BUILDING AN INNOVATION
ECONOMY MATTERS3
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THE PROBLEM
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#3 88%
Companies (%) who have fallen from the Fortune 500 since 1955...only 60 remain!
HALF of today’s Fortune 500 will be replaced by 2034!
2034
Houston’s ranking for density of Fortune 1000 companies
WHY A THRIVING INNOVATION ECONOMY IS CRITICAL FOR HOUSTON’S ECONOMY...
82%
Corporations (%) who say it’s important to work with startups
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STARTUP DENSITY
VENTURE CAPITAL
ENTREPRENEURIAL ECOSYSTEM
TECH JOBS
...WHICH IS WHY THE DATA IS ALARMING!
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ATTRACT + RETAIN YOUNG TALENT
CREATE LOCAL JOBS
WIN CORPORATE INVESTMENT
INSPIRE A CITY’S IMAGE
>7%
5:1
TECH STARTUPS CREATE A HIGH VELOCITY OF HIGH-WAGE JOBS AND ARE CRITICAL TO...
…& Culture!
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OUR OPPORTUNITY
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RESEARCH AUDIT VISITS COLLABORATION EXPERTS
Best Practice Cities,
Models Approaches,
Data, Policy, etc.
Visited a Sample of
Innovation and
Entrepreneurship
Assets in Houston
VIsited Cincinnati and
Chicago to Visit with
Key Leaders
Collaboration with
GHP’s Innovation
Roundtable &
Accenture
Calls + Visits with
Experts; Chair
Attended Kauffman
Ecosystem Summit
MARCH 2017NOV 2016 - FEB 2017
FINAL REPORT LINK
APRIL, JUNE 2017
DEVELOPMENT APPROACH
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NOTES AVAILABLE FOR REVIEW
HYPERLINKS EMBEDDED WHERE
POSSIBLE
MARCH 2017 ONGOING
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CASE STUDY: CHICAGO - BIRTH OF A NEW TECH ENTREPRENEURSHIP CENTER
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40K $1.7 B $8.2 B $3+B
New Tech Jobs
Since 2011
Venture Capital Funding
Up from $391M
in 2012
Proceeds from Reported Exits
Up from $698 M
in 2012
Inward / Corporate Investment
Top Metro for Corporate
Investment
3rd Year in a Row
CASE STUDY: CHICAGO - RISING FROM THE ASHES! 11
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Organizations Working To Build + Connect the
Ecosystem
STEM Talent Base
Capital + Significant Fortune 1000 Base
Diversity + Global Reach
RAW MATERIALS TO TRANSFORM INTO A WORLD LEADER
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TASK FORCE RECOMMENDATIONS
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COLLABORATION WITH THE GHP & ACCENTURE TO ACTIVATE ALL STAKEHOLDERS
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ADVOCATE + CHAMPION
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DEVELOP AN INSPIRING INNOVATION DISTRICT
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BECOME LEADING TESTING GROUND FOR NEW TECHNOLOGIES
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INNOVATE CITY PRACTICES + REDUCE FRICTION TO ACCESS ENTREPRENEURSHIP
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SUMMARY
Leading Indicators Suggest the Time to Take Action is NOW!
Organizations and Community Efforts Need Support + Advocacy to Drive Houston Forward
Elements of Best Practice Models Provide Path to Accelerate Ideal Strategies for Our City
Leadership, Support and Collaboration Can Propel Houston to be the City and
Economy of the Future Today!
Clear Paths for Action
Transformative Impacts
Raw Materials for Success
Data is Alarming
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APPENDIX: SECTION ONE
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RECOMMENDATIONS EXPANDED AND SUPPORTING DATA
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ADVOCATE + CHAMPION (EXPANDED)
CLICK GRAPHIC FOR ACCELERATING STARTUP ECOSYSTEMS WITH THE
POWER OF 5 REPORT
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ADVOCATE + CHAMPION (EXPANDED)
CLICK GRAPHIC FOR INTERVIEW WITH MICHAEL BLOOMBERG, TECHCRUNCH
(2010)
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INNOVATION DISTRICT (EXPANDED)
CLICK GRAPHIC FOR ONE YEAR LATER REPORT
(BROOKINGS)
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INNOVATION DISTRICT (EXPANDED)
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TESTING GROUND (EXPANDED)
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CLICK GRAPHIC FOR ARTICLE ON AUTONOMOUS VEHICLES IN PITTSBURGH
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CITY PRACTICES (EXPANDED)
CLICK GRAPHIC FOR LINK TO: CITY INITIATIVES FOR TECHNOLOGY, INNOVATION
AND ENTREPRENEURSHIP
(CITIE.ORG)
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OTHER RECOMMENDATIONS (1-6)
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OTHER RECOMMENDATIONS (7-10)
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STARTUP ECOSYSTEM PLAYERS
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○
○
○
○
○
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SUMMARY OF KEY STRATEGIES FOR ENABLING ENTREPRENEURIAL ECOSYSTEMS (KAUFFMAN)
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31MAYOR’S TASK FORCE
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32MAYOR’S TASK FORCE
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33MAYOR’S TASK FORCE
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REFERENCE GREATER HOUSTON PARTNERSHIP + ACCENTURE INNOVATION REPORT IN SEPARATE FILE
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NOTES