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Regional Innovation Clusters (RIC)Regional Innovation Clusters (RIC)Regional Innovation Clusters (RIC)Regional Innovation Clusters (RIC)

Government GeospatialGovernment

Academia

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ProfitsAutomotiveDefense/Aerospace

Innovation IndexInnovation IndexInnovation IndexInnovation Index

Per capita IncomePer capita IncomeppNumber of Tech Employees/ Number of Tech Employees/ CompaniesCompaniesCompaniesCompaniesBusiness BirthsBusiness BirthsA l C it l I t dA l C it l I t dAngel Capital InvestedAngel Capital InvestedCapital Invested in New or Expanding Capital Invested in New or Expanding CompaniesCompanies

INNOVATIONINNOVATION--LED LED ECONOMIC DEVELOPMENTECONOMIC DEVELOPMENT

(ILED)(ILED)

“Economic development activities to “Economic development activities to CCREATEREATE RRETAINETAIN EEXPANDXPAND AATTRACTTTRACTCCREATE, REATE, RRETAIN, ETAIN, EEXPAND, XPAND, AATTRACT, or TTRACT, or TTRANSFORM RANSFORM EENTERPRISES that produce NTERPRISES that produce

highly innovative new productshighly innovative new productshighly innovative new products, highly innovative new products, processes, materials, designs, knowprocesses, materials, designs, know--how how

or business strategies ”or business strategies ” © MTA 2011© MTA 2011or business strategies. or business strategies. © MTA 2011© MTA 2011

www.technologyalliance.mswww.technologyalliance.ms

Pathway for Pathway for yyInnovationInnovation--Led Economic DevelopmentLed Economic Development

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Innovation-led

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Communities

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Five Critical Factors Five Critical Factors forforfor for

InnovationInnovation--Led Economic DevelopmentLed Economic Development

1.1. Innovation Innovation Culture or risk taking Culture or risk taking 22 TechnologyTechnology Resource accessResource access2.2. TechnologyTechnology Resource accessResource access3.3. EntrepreneurshipEntrepreneurship support support

organizationsorganizationsorganizationsorganizations4.4. CapitalCapital (equity & debt) access (equity & debt) access 55 HumanHuman Capital Availability (qualityCapital Availability (quality5.5. HumanHuman Capital Availability (quality Capital Availability (quality

management, workforce, management, workforce, intrapreneurship)intrapreneurship)

Council for Entrepreneurial DevelopmentCouncil for Entrepreneurial Development

MississippiMississippi TECHTECH AllianceAllianceMississippi Mississippi TECHTECH AllianceAlliance

Technology/InnovationTechnology/InnovationTechnology/Innovation Technology/Innovation

EntrepreneurshipEntrepreneurshipEntrepreneurship Entrepreneurship

CapitalCapital

Human ResourcesHuman Resources


MTA TECHMTA TECH--BASED ServicesBASED ServicesMTA TECHMTA TECH BASED ServicesBASED Services

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Angel Capital Network

MS Seed Fund Federal/University

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Investment N t k ESP & Mentors Network

TECHTECH--BASED NetworksBASED NetworksTECHTECH BASED NetworksBASED Networks

Business Assistance Regional Innovation Clusters Fast Trac Tech Venture Training Facilitators MBA Student Teams (MSU, Millsaps, Ole

Miss) MDA Existing Business & Industry MDA Existing Business & Industry Minorities, Students, & Women programs Mississippi Incubator Networkpp Mississippi SBDC MyBiz AM Network

TECHTECH--BASED NetworksBASED NetworksTECHTECH BASED NetworksBASED Networks

Social Networks Economic Discovery

Luncheons Regional ILED

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Conference on Hi h T h l

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Innovators Hall of Fame Gala

Community Resources AssessmentsFame Gala

Pointe Innovation Magazine

MDA/Mississippi Economic DevelopmentDevelopment Council

MTAActivities

State-wideRegionalizedE i llEncompassing all services- Technologygy Entrepreneurship Capital Human Resources


Networks drive Networks drive InnovationInnovation LedLed Emerging

technology discovery lunches

InnovationInnovation--Led Led Economic DevelopmentEconomic Development

Technology Technology CouncilsCouncils

discovery lunches, support for innovative

i E k !Entrepreneur Entrepreneur NetworksNetworks

companies, Eureka!

Capital Capital CoalitionsCoalitions hl f

Monthly meetings CoalitionsCoalitions Monthly meetings of

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of service providers and

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Regional TECH CouncilsRegional TECH CouncilsRegional TECH CouncilsRegional TECH Councils

Form of governanceForm of governanceILED TrainingStrategic PlanStrategic PlanTechnology DiscoveryEntrepreneurshipEntrepreneurship Training/AssistanceCapital NetworkCapital NetworkHuman Capital

Regional ILED NetworksRegional ILED Networks

Network of NetworksNetwork of NetworksRegional Innovation Cl tClustersTECH CouncilsIncubators NetworkAngel CapitalAngel Capital Network

Lessons LearnedLessons Learned

TECH CouncilsTECH Councils (Not sustainable(Not sustainableTECH Councils TECH Councils (Not sustainable, (Not sustainable, unless…)unless…)

$$ for TECH$$ for TECH ( thi t h )( thi t h )$$ for TECH $$ for TECH (causes things to happen)(causes things to happen)

ILED Training is important ILED Training is important (eco (eco system)system)

Regional Organizations Regional Organizations (Need to (Need to g gg gpartner with ILED change agents)partner with ILED change agents)

Listen & Learn Listen & Learn (continuous improvement)(continuous improvement)

Contact Us:Contact Us:

Mississippi Technology Alliance

Contact Us:Contact Us:

Mississippi Technology Alliance

Bubba Weir, Vice President for Innovation Resources DevelopmentInnovation Resources Development

134 Market Ridge Drive

Rid l d Mi i i i 39157Ridgeland, Mississippi 39157

601-960-3620

[email protected]


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