Massachusetts Vision 2015: A Presentation for TiECON East 2007

1. Massachusetts Vision 2015:A Presentation for TiECON East 2007 June 15, 2007 Presented by: Dr. Jack M. Wilson, President University of Massachusetts

2. Overview • Massachusetts economic landscape - what does it look like? • Are we prepared to compete in a changing global and local economy? • Where do we want to be in 2015? • What are we doing here at home and abroad to spur innovation and growth?

3. Understanding the Massachusetts Economy and Its Competition • Innovation economy – largest natural resource is our educated population • Success depends on highly-educated people, great universities, innovative research and effective collaboration • State-wide regional innovation is critical to the economic vitality and success of the state (not just Boston & Cambridge) • Other states and nations have discovered our formula for success: • New competition from other states (NY, CA, NC) and nations (China, India, Singapore) • Many economists predict that China will surpass Japan as the 2nd economic power in year 2020 • We can no longer assume that we will be an economic leader simply because we have Harvard and MIT

4. Key Lessons from Across the US • Talent Strategy - alliances between universities and industry are at the center of state competition • Targeted state investments in K-12, public higher education (science, technology & research) and workforce development pay off • Strong private university and teaching hospital resources are a unique advantage for Massachusetts • Public universities are critical for complementing the private universities, growing talent and fostering regional economic development • Center for High-Rate Nanomanufacturing – tripartite collaboration between UMass Lowell, University of New Hampshire and Northeastern

5. Increasing Global Competition… and Opportunities • Cost & Business climate – lower costs and financial incentives for R&D, technical services and manufacturing, less burdensome taxation, regulation and litigation environments • People – some foreign nations are graduating more physical science and engineering students than the U.S. every year • Market access – potential in rapidly developing nations such as China and India with more than 2.4 billion people and proximity to customers • Infrastructure – foreign governments are investing in university & lab facilities, transportation, energy and telecom to compete more effectively Source: MassInsight, Choosing to Lead, 2004

6. Vision for 2015 Path to Social & Economic Development goes through the University of Massachusetts

7. 2015 远 见 和 计 划 麻 省 大 学 影 响 社 会 和 经 济 发 展 的 途 径

8. Collaboration Creates Synergy • Statewide Life Sciences Network: a discovery-to-product pipeline for medical devices, pharmaceuticals and biologics through a state-wide network anchored by the 5 UMass campuses • Marine Science & Technology Corridor: fueling discovery and innovation in ocean observation, coastal homeland security and fisheries management • Nanotechnology Cluster: a network of partnerships to position the state as a world leader in nanotech manufacturing, building around 2 nanotechnology centers at Lowell ($12 M) and Amherst ($16 M) • Renewable Energy: supporting innovations in a range of fields from wind and solar energy to new fuel cells and biofuels across the state

9. Implementation through Partnerships • Strategic Economic Development Partners: Josh Boger through the Mass. Biotech Council; Bill Guenther and Bob Brown through MassInsight; the Mass. Technology Leadership Council, Mass. High Tech Council, John Adams Innovation Institute, etc. • Sponsored Collaborative Research: with leading companies such as Microsoft, Cisco, Genzyme, Raytheon, etc. • State-wide Talent & Education Strategy: partnerships with government, private universities and colleges, research institutes and teaching hospitals – build around UMass 5 campus system, Five Colleges, Inc., UMD Connect Partnership, etc. • Global Talent & Innovation Strategy: China/India/Asia strategy is vital for UMass and for the state’s economic competitiveness • UMass/China Office in Beijing • Formal partnerships with leading universities such as Tsinghua and Wuhan • Confucius Institute at UMass Boston • UMass Medical School & Serum Institute of India collaborating to make a lower cost treatment for rabies • Governor Deval Patrick’s Life Science Initiative

10. Governor’s Life Science Initiative Announced in May at BIO2007, it includes $1+ billion in public funds – $500 million in capital funds toward public higher education and other facilities and equipment to be used in collaboration with the life sciences industry $250 million on research grants, fellowships, and sector-wide workforce training initiatives (including Gap Funding) $250 million in tax benefits, targeted toward job creation $250 million in private sector matching funds for capital, research grants, fellowships and workforce training

11. Governor’s Life Science Initiative (Cont’d) $100 million for a Massachusetts Stem Cell Bank and RNAi Therapeutics Center at UMass State-created Life Science Center will offer important grant funding Last week the Center authorized its first grant to fund a study by Donahue Institute at UMass of the life sciences workforce. Life Sciences is a VERY innovative industry

12. #1 Resource at UMass is Talent… Spurs Innovation 58,000+ students enrolled annually 11,000 annual graduates from the 5 campuses 9 out of 10 undergrads are Massachusetts residents 70% – 80% stay in Massachusetts after graduation More than 60% stay in the state long-term (almost twice that of private universities) 220,000 alumni, work and live in Massachusetts Source: Boston.com

13. The UMass Return on Investment:“The Path to the Social and Economic Development of the Commonwealth Goes Through UMass” $524 million core state support (26% of budget) $404 million in annual R&D expenditures (3rd largest in the state) Perform 90% of state’s R&D (outside of Route 128) Almost $30 million generated in royalties and licensing fees #2 in Massachusetts for technology licensing revenue Manage 3 high tech incubators throughout the state and anchor for biotech research park in Worcester State investment seeds an additional $2.3 billion in economic activity and an additional 14,000 jobs in the state UMass is responsible for a total of $4.3 billion of economic activity and 29,000 jobs

14. THANK YOU