one vision for florida’s future complete report available @ briefing re: florida’s innovation...
TRANSCRIPT
One Vision forFlorida’s Future
Complete report available @ www.NewCornerstoneOnline.com
Briefing re: Florida’s Innovation CaucusAugust 2008 - www.NewCornerstoneOnline.com
Florida’s Innovation Summit
“Innovation is the creation of value through the adoption &
exploitation of new ideas throughout the economy”
“Innovation is the creation of value through the adoption &
exploitation of new ideas throughout the economy”
Florida’s Transition to an Innovation Economy
Cluster Builders
Research & Development
Startups & New Firms
Risk Capital
Commercialization Assets
Ind.-Academic Partnerships
Entrepreneurial Programs
Business Climate & Incentives
Talent Builders
Higher Education
Workforce Education
Pre-K-12 Education
Technical Education
CLUSTERS OF HIGHWAGE, HIGH VALUE
BUSINESSES IN FLORIDA
TODAY
F LORIDA’S P OOL OF T ECHNICALLY SKILLED,
H IGHLY E DUCATED AND T ALENTED P EOPLE
LifeScience
TourismTrade
Info.Tech:Photonics
Digital Media,MST
Aviation,Aerospace
& Space
Financial& ProfSvcs
HomelandSecurity
& DefenseOther
C LUSTERS OF HIGH
WAGE, HIGH VALUE
B USINESSES IN F LORIDA
TODAY’S
C LUSTERS
IN 2030
NEW
C LUSTERS
IN 2030
IN 2030
FLORIDA’S POOL OF TECHNICALLY SKILLED,HIGHLY EDUCATED AND TALENTED PEOPLE
NewCluster
NewCluster
NewCluster
CleanTech
NewCluster
NewCluster
NewCluster
NewCluster
LifeScience
Other
Aviation,Aerospace& Space
TradeTourism
Info.Tech:Photonics
Digital Media,MST
Financial &Professional
ServicesHomelandSecurity &Defense
Indicator Where Are We Today? Where Do We Need To Be By 2030?
Wages
High Wage Employment
Productivity
Universities
Community Colleges
Workforce
K-12
R&Damong the
bottom 15 states among the top 10 states
Commercialization Assets middle of the pack among the top 10 states
Startups & New Firm
Formationamong top 10 states among the top 5 states
Risk Capital middle of the pack among the top 10 states
High Quality
Economy
Talent Builders
Innovation Cluster
Builders
among the top 10 statesgenerally among
bottom half of states
generally among the
bottom 20 statesamong the top 15 states
Where Are We Today in Achieving Quality Growth?
Level Rank Level Rank Level Rank
Florida $ 38,485 23 24.2% 40 89,726$ 25
California $ 48,345 5 29.6% 8 111,420$ 6
Massachusetts $ 52,435 3 34.0% 1 105,659$ 10
New York $ 55,479 1 30.6% 4 121,234$ 4
North Carolina $ 37,439 27 26.0% 27 94,446$ 17
Texas $ 42,458 12 27.3% 18 107,424$ 8
Virginia $ 44,051 9 30.3% 5 101,545$ 14
U.S. 42,536$ - 27.5% - 98,744$ -
WAGES HIGH WAGE EMPLOYMENT PRODUCTIVITY
Average Annual Wage
Employment in High Wage
Occupations as a % of Total
Employment
GDP Per Employee
Where Are We Today in Achieving Quality Growth?
Where Are We Today in Achieving Quality Growth?
Level Rank Level Rank Level Rank Level Rank Level Rank Level Rank Level Rank Level Rank
Florida 1,082 42 372 37 45 22 18.1 34 982 3 2.83% 34 64.6% 44 75.2 7
California 1,038 44 385 36 46 21 23.1 23 637 22 4.29% 10 74.6% 33 64.8 38
Massachusetts 1,915 6 1135 1 122 1 76.0 1 454 43 6.14% 2 78.7% 22 85.2 1
New York 1,518 18 865 3 61 11 28.6 13 781 10 3.38% 23 65.3% 43 71.9 18
North Carolina 1,181 37 365 38 42 24 25.8 20 574 29 3.27% 29 72.6% 39 66.7 32
Texas 985 46 349 42 34 36 17.7 35 469 42 3.74% 14 74.0% 35 72.6 13
Virginia 1,304 29 451 24 53 15 26.1 18 538 33 6.49% 1 79.6% 18 76.2 6
U.S. 1,308 - 523 - 49 - 25.6 - 628 - 3.72% - 74.7% - 69.4 -
PRE-K-12 EDUCATION
Bachelor's
Degree
Production Rate
(degrees per
100,000 18-44)
Master's
Degree
Production
Rate
Doctorate
Degree
Production
Rate
STEM
Doctorates
per 100,000
18-44
Associate's
Degree
Production
Rate
Individuals in
S&E Occupations
as Share of
Workforce
Public HS
Averaged
Freshman
Graduation
Rate
Quality
Counts K-12
Achievement
Index Score
HIGHER EDUCATIONTECHNICAL
EDUCATION
WORKFORCE
EDUCATION
Level Rank Level Rank Level Rank Level Rank Level Rank Level Rank Level Rank
Florida 0.9% 42 32 31 461 14 73 9 0.36% 3 $0.44 21 $171 19
California 4.0% 8 148 2 2317 1 231 1 0.13% 26 $7.28 2 $166 21
Massachusetts 5.6% 3 124 4 1337 2 176 2 0.09% 33 $8.51 1 $390 3
New York 1.5% 31 65 14 1029 5 119 4 0.14% 25 $1.26 14 $158 24
North Carolina 2.1% 23 49 23 907 6 99 6 0.24% 10 $1.36 10 $542 1
Texas 1.6% 29 62 16 1080 4 107 5 0.08% 38 $1.30 13 $170 20
Virginia 2.4% 16 30 34 527 13 64 12 0.45% 2 $1.06 17 $109 38
U.S. 2.6% - 66 - - - - - 0.16% - $1.98 - $185 -
VC Disbursed
per $1,000 of
State GDP
Industry Financed
Academic R&D per
$1 million of state
GDP
R&DRISK
CAPITAL
INDUSTRY-
ACADEMIC
PARTNERSHIP
COMMERCIALIZATION ASSETSSTART-UPS & NEW FIRM
FORMATION
R&D as % of
State GDP
Patents per
100,000 Non-
Farm Employees
University Licenses
and Options
Executed 2001-
2005
University Start-
ups 2001-2005
Net High Tech
Bus. Formations
as a % of All Bus.
Estab.
Where Are We Today in Achieving Quality Growth?
Landscape requires coordinated, focused action
Focused but Effective Action
Risk Horizon
Imp
act o
n P
erfo
rman
ce
ProjectF
Project C
Project A
Project E
Project D
Project B
What is Florida Doing? Strategic Plan - EFI Florida Research Consortium Florida Venture Forum R&D Tax Exemption Innovation Initiative Fund* Centers of Excellence* Closing Fund Opportunity Fund The 21st Century Technology, Research and Scholarship Act Institute for the Commercialization of Public Research State Board of Administration 1.5% investment authorization Local and Regional Initiatives
* not funded in 2008
Florida High Tech Corridor Council www.FloridaHighTech.comFlorida High Tech Corridor Council www.FloridaHighTech.com
Prosperity
Global Leadership
Vibrant Communities
Qu
alit
y o
f L
ife
Infr
astr
uct
ure
Bu
sin
ess
Cli
mat
e
Tal
ent
Go
vern
ance
Inn
ova
tio
nEnterprise FloridaFlorida Council of 100Tax Watch & Council of Economic
AdvisorsCentury Commission for Sustainable
FloridaJames Madison InstituteInnovation CaucusWorkforce FloridaOTTEDAgency for Workforce InnovationDepartment of EducationState University SystemFlorida ChamberFlorida Chamber Foundation
Measuring Florida’s Performance
Dashboard to Track State and Regional Metrics
************Save the Date
October 6&7
www.FloridaChamber.comwww.FloridaChamber.com
www.FloridaChamber.com850.521.1200
www.NewCornerstoneOnline.com
State of the State SummitOctober 6-7, 2008
Renaissance at SeaWorld