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Welcome to North Texas!. Innovate North Texas. Catalyst for Technology Commercialization and Business Innovation. Fourth largest metropolitan area Fastest growing metropolitan area Transportation hub Diverse and educated workforce Second largest concentration of

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Welcome to North Texas!

Innovate

North

Texas

Catalyst for Technology Commercialization and Business Innovation

  • Fourth largest metropolitan area

  • Fastest growing metropolitan area

  • Transportation hub

  • Diverse and educated workforce

  • Second largest concentration of

  • high tech workers

  • Largest number of Fortune 500

  • companies

  • High quality of life

  • Good infrastructure

  • Robust employment climate

  • Affordable housing

  • Mecca for sports, the arts, shopping

  • Friendly, welcoming community

  • No individual or state income tax

  • s


Dramatic population growth ahead for north texas
Dramatic population growth ahead for North Texas

  • 6.5 MM residents in 2010

  • 3.825 MM workers in the workforce

  • 221,000 high tech workers

  • Region is growing by 150,000 residents per year

  • 3 MM new residents over next 20 years

  • 9.5 million residents by 2030

  • Of the 3MM new residents,1.77 MM workers in the workforce

  • Average wages in North Texas dropped 4% in 10 years

  • For new residents, low-paid service jobs or high-paid tech jobs?

  • Average tech job pays $38K more per year than average private sector job

  • If things stay the same -> 324,000 high tech workers by 2030

  • Our goal: double the projected number of high tech workers in the region…

  • … resulting in 427,000 not 324,000 high tech workers

  • This would add $3.9 billion a year impact on North Texas economy.

1


Requirements for a vibrant innovation ecosystem
Requirements for a vibrant innovation ecosystem

Two important books: Silicon Valley Edge and Silicon Valley Fever

  • Tier One research universities …

  • … that interact with industry

  • Specialized business infrastructure

  • Good climate & quality of life

  • Entrepreneurship

  • Risk-taking is rewarded

  • Favorable rules of the game

  • Knowledge intensity

  • High quality and mobile work force

  • Results oriented meritocracy

  • Open business environment

  • Collaborative environment

2


How north texas stacks up
How North Texas stacks up

  • Tier One research universities …

  • … that interact with industry

  • Specialized business infrastructure

  • Good climate & quality of life

  • Entrepreneurship

  • Risk-taking is rewarded

  • Favorable rules of the game

  • Knowledge intensity

  • High quality and mobile work force

  • Results oriented meritocracy

  • Open business environment

  • Collaborative environment

3


Stakeholders in the innovation ecosystem
Stakeholders in the Innovation Ecosystem

Corporations

Universities

Entrepreneurs

Funding Sources

4


The innovation ecosystem
The Innovation Ecosystem

Jobs

Commercialization

Product

Development

Funding

Intellectual

Property

Business

Need

5


Department of commerce
Department of Commerce

“Universities have long been a critical driver of innovation in the US.  We are committed to working with university leaders to increase the economic impact of our nation’s investment in research and development to help drive economic growth and job creation.”

Secretary of Commerce Gary Locke

“How well America moves ideas out of the research lab and into the marketplace will determine whether thousands, perhaps millions of good jobs in high-growth industries like clean energy, biotechnology and IT will be created here in America for the benefit of our workers.”

Assistant Secretary of Commerce for Economic Development John Fernandez

6


A new paradigm for economic development the rockefeller institute
A New Paradigm for Economic Development – The Rockefeller Institute

  • Across America, higher education institutions are working to become key drivers of economic development.

  • Research and development of new ideas to strengthen the country’s

  • competitive edge.

  • Helping to deploy these innovations into commercial use.

  • Providing knowledge-focused services to employers.

  • Leadership role in the cultural, social, and educational revitalization of

  • their home communities.

  • Educating people to succeed in the innovation age.

7


Georgia research alliance
Georgia Research Alliance Institute

  • Initiated when Georgia lost MCTC to Austin, TX

  • Alignment of business, academic and government interests

  • Focus on Opportunity Creation in three key areas:

    • Eminent Scholars

    • Centers of Research Excellence

    • Commercialization

  • In 20 years, GRA results:

    • Generated $2.6 billion in federal and private investment

    • Increased sponsored research dollars by 250 percent

    • Recruited 62 world-renowned Eminent Scholars in areas of strategic importance

    • Launched 175 companies

    • Created 5,500 high tech, high wage jobs

8


What the region lacks in natural resources boosters make up for in vision
What the region lacks in natural resources, boosters make up for in vision!

1841 Dallas was founded.

1850 Dallas beat Farmers’ Branch as county seat.

1858 Galveston was the largest city in Texas, and Dallas was only #17.

1880s The Dallas Morning News became Texas’ dominant newspaper.

1885 With five major railroad lines, Dallas became a key distribution center.

1901 Dallas boosters started annual trade missions around the Southwest.

1914 Successful campaign to locate new Federal Reserve Bank in Dallas.

1917 Dallas Love Field opened.

1936 Dallas was host city for centennial celebration of Texas’ Independence.

1974 DFW International Airport opened.

2009 Dallas/North Texas became the fastest growing metropolitan area in the U.S.

9


Introducing innovate north texas
Introducing Innovate North Texas for in vision!

  • Drive economic development throughout the innovation ecosystem.

  • Focus on demand-driven new technology development.

  • Facilitate interaction and collaboration among corporations, universities, entrepreneurs and funding sources.

  • Educate community at large about innovation.

  • Represent technology and innovation perspectives to companies interested in relocating to North Texas.

Universities

Corporations

INTX

Funding Sources

Entrepreneurs

10


Innovate north texas key industry focus
Innovate North Texas – key industry focus for in vision!

Healthcare

IT Services

Logistics

Energy

Aerospace

11


Innovate north texas the first two years
Innovate North Texas – the first two years for in vision!

  • Provide forums to foster cross fertilization for collaboration and technology transfer.

    • Education programs

    • Strategic research briefings

    • Brainstorming sessions / innovation workshops

    • Corporation-sponsored university programs

    • Innovation gymnasiums

    • Commercialization workshops

    • Demand-driven new technology development

12


The intx angle demand driven new technology development
The INTX Angle: Demand-Driven New Technology Development for in vision!

  • Going beyond basic venture creation

  • Bridging the gap between early-state development and true

  • commercialization

  • Working with corporations across North Texas in six-stage

  • valuation process

    • Identify technology-driven business growth needs

    • Acquire IP from universities and similar sources

    • Identify suitable entity to apply further development

    • Build management team for intermediary business

    • Arrange funding for additional development

    • Measure IP against predefined specifications

    • Sell business to client corporation

13


Innovate for in vision!

North

Texas

QUESTIONS AND COMMENTS?

Catalyst for Technology Commercialization and Business Innovation


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