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WELCOME from the Idaho Technology Council

WELCOME from the Idaho Technology Council. It’s A PUPPY’S WORLD-- BELLA. BELLA- growing and changing. Build it! Got to Believe!. Does Education = Vision?. “Without education, we are in a horrible and deadly danger of taking educated people seriously.” G. K. Chesterton.

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WELCOME from the Idaho Technology Council

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  1. WELCOME from the Idaho Technology Council I D A H O T E C H N O L O G Y C O U N C I L

  2. It’s A PUPPY’S WORLD-- BELLA I D A H O T E C H N O L O G Y C O U N C I L

  3. BELLA- growing and changing I D A H O T E C H N O L O G Y C O U N C I L

  4. Build it! Got to Believe! I D A H O T E C H N O L O G Y C O U N C I L

  5. Does Education = Vision? “Without education, we are in a horrible and deadly danger of taking educated people seriously.” G. K. Chesterton I D A H O T E C H N O L O G Y C O U N C I L

  6. Can Idaho “Compete” in a Global Economy? I D A H O T E C H N O L O G Y C O U N C I L

  7. Nation wide Survey– Idaho ranks lastKilobytes per second. Pando Networks Slowest • Idaho 318 • Nevada 449 • Mississippi 352 • W. Virginia 447 Fastest • Rhode Island 894 • Mass. 851 • Washington 667 • Oregon 533 • California 567 I D A H O T E C H N O L O G Y C O U N C I L

  8. Economic Situation. From 1960s to Today MANUFACTURING JOBS IN U. S. PRIVATE JOBS • 1960 15 million • 2010 11.5 million GOVERNMENT JOBS • 1960 8.7 million • 2010 22.5 million Source: Wall Street Journal I D A H O T E C H N O L O G Y C O U N C I L

  9. Median Household Income in U. S. • Median household income in the U. S. has stagnated over the last 14 years. • Average hourly earnings for U. S. production workers have been falling since 2007. • Debt in the U. S. grew by over 100% of GDP in last decade to $14 trillion. Source: U. S. Census Bureau. I D A H O T E C H N O L O G Y C O U N C I L

  10. Does Education Matter? • 38% of adults 24 – 35 have associates or higher in U.S. Idaho – 34%. • Once first in the world, America now ranks 10th in the percentage of young adults with a college degree. • For the first time in our history, the current generation of college-age Americans will be less educated than their parents’ generation. • In the current recession, unemployment rates are twice as high for those with just a high school diploma (10.8%) compared to those with a bachelor's degree or higher (4.9%). • In just ten years, more than 60% of all new jobs will require a college education. I D A H O T E C H N O L O G Y C O U N C I L

  11. Kauffman Foundation–The Foundation of Entrepreneurship. Benchmarking EconomicTransformation in the United StatesIn the States 2008 2008 1999 2001 2007 Change From RankingScore State RankRankRank20022007 • 26. 55.6 Idaho 23 20 24 -6 -2 • 2 81.9 Washington 4 4 4 2 2 • 12 67.7 Utah 6 16 12 4 0 • 15 63.8 Oregon 15 13 17 -2 2 • 20 60 Arizona 10 15 22 -5 2 • 25 56.7 Nevada 21 31 27 6 2 • 40 46 Montana 46 41 42 1 2 • 50 29.9 Mississippi 50 50 49 0 -1 www.kauffman.org I D A H O T E C H N O L O G Y C O U N C I L

  12. August 11, 1999 ~10 years ago

  13. Milken institute North America’s High-Tech Economy: The Geography of Knowledge-Based Industries 2007 rankings: Idaho (BOISE) was not mentioned. NOW

  14. State Technology and Science Index 2010 Milken institute, January 2011

  15. Innovative Ecosystem Components • Industry • Jobs & Wealth • Capital • Access/Proven • Talent • Leadership • Quality Workforce • Government • State, Fed., Local • Research • Gov. & Private • Commercialization • Business Created I D A H O T E C H N O L O G Y C O U N C I L

  16. Idaho Technology Council Mission The Idaho Technology Council’s mission is to foster the growth and development of technology companies , primarily in the areas of information technology, agriscience, and energy.  The ITC provides a valuable forum for industry, research, educators, investors, and government throughout the state.  It also advocates for creating a strong technology ecosystem and a high quality, high paid workforce. I D A H O T E C H N O L O G Y C O U N C I L

  17. ITC Focus. To create new enterprises and high-paying knowledge-based economy jobs by increasing strategic areas of research and development through targeted partnerships among industry, higher education and government that leverage new and existing resources. A “GEM” OF AN IDEA FOR IDAHO’S ECONOMY By Governor C.L. “Butch” Otter I D A H O T E C H N O L O G Y C O U N C I L

  18. iGEM I-- Idaho G-- Global E-- Entrepreneurial M-- Mission “Driving Industry through Innovation” I D A H O T E C H N O L O G Y C O U N C I L

  19. I D A H O T E C H N O L O G Y C O U N C I L

  20. -- TOP “THREE” POINTS • INVEST IN STRATEGIC RESEARCH • ATTRACT OUTSTANDING INNOVATORS & ENTREPRENUERS • INCREASE RESEARCH FUNDING I D A H O T E C H N O L O G Y C O U N C I L

  21. Governor Otter’s IGEM CONNECTING VISION COMPONENTS of GOVERNOR OTTER’S PLAN • Energy CAES • BioTECH • INNOVATION FUND • University Specific Opportunities • IGEM Council I D A H O T E C H N O L O G Y C O U N C I L

  22. Program Innovation Focus Areas Attract all-star researchers from outside the state Based on existing University strengths Have vast commercialization opportunities Address large and strategic global markets Leverage Idaho industry strengths Energy BioTech Life Sciences Materials –Mfg. Software

  23. Economic Impact • Since 2006 • 100 new companies • 87 operating in Utah • $200 million in VC • 8,000 jobs • $400 million investment by state • Private Partnerships • Five connecting USTAR Districts I D A H O T E C H N O L O G Y C O U N C I L

  24. ANTICIPATED RESULTS • Enhances Idaho’s Competitiveness • Creates next-generation global jobs • Creates funding mechanisms • Strengthens Idaho Universities • Expands Idaho’s tax base • Build stronger networks Building a “Top-Performing” Idaho Economy I D A H O T E C H N O L O G Y C O U N C I L

  25. How has the Idaho Economy Changed? “It is not the strongest of the species that survive, nor the most intelligent, but the ones most responsive to change.” I D A H O T E C H N O L O G Y C O U N C I L

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