creating a community of innovation: georgia tech’s
TRANSCRIPT
Creating a Community of Innovation: Georgia Tech’s Technology Square
UIDP materials, which includes publications, webinars, videos and presentations, reflect an amalgamation of the experiences and knowledge of those who participate in UIDP activities. The views and opinions expressed in UIDP materials do not necessarily reflect the official policy or position of any individual organization. At no time should any UIDP materials be used as a replacement for an individual organization’s policy, procedures or legal counsel.
Date 24 April 2017
Greg King, Associate Vice President for Economic Development Georgia Institute of Technology
Innovation District• Innovation and Place:“geographic areas where leading-edge anchor institutions and companies cluster and connect with start-ups, business incubators and accelerators.1 (Brookings Institute)
• Idea Generation and Accelerated Commercialization:“all innovation districts contain economic, physical, and networking assets. When these three assets combine with a supportive, risk-taking culture they create an innovation ecosystem…” (Brookings Institute)
Intentional Community – Innovators learning from Innovators Innovation Infrastructure – places, processes and assets to bring
people together
2
Georgia Tech – Industry Focus
3
“The creative confidence to bring any idea, whether it be product, environment, service, performance, policy, or business,
to a realization.”
4
23,000 14,000Undergraduate
Faculty and Staff including 2,050research faculty and 1,490 instructional faculty.
7,860
9,000Graduate and
Ph.D.
Countries of origin115
41% Female59% Male
Engineering degrees conferred to womenEngineering bachelor degrees conferred to all minority students Engineering doctoral degrees conferred to Asian and African-American students
+
#1
Spring 2016 student population
5
in research expenditures last year.
$786 million
in industry-funded research in 2016.
$100+ million
100+Finalists in NSF Engineering Research Center Proposals.
2 new start-ups launched in 2016.
4600+ small businesses supported in Ga.
6
“Something is happening in Midtown Atlanta. Georgia Tech’s city-centered
campus has become one of the nation’s leading destinations for corporate research
centers…”
Growth of an Innovation District
7
Innovation infrastructure to bring people together
Photo: Jared Davis
10
Innovation Neighborhood Strategy* Innovation districts that are work-play-live communities adjacent to Georgia Tech
• Grow economic development impact in strategic markets
• Recruit and support large companies in these markets
• Create, scale, and support small companies in these markets
• Ensure ties to signature technologies and research at Georgia Tech
• Facilitate opportunities for experiential learning with students
Culture of Innovation
11
StudentInnovation
Innovation Commercialization
Innovation Incubationand Acceleration
20Corporate Labs and
Innovation Centers in and around Tech Square
Corporate Innovation Partners
Corporate Lab and Technology Centers in Tech Square:
• Anthem Innovation Studio • ATDC Fintech Program sponsored by Worldpay• AT&T Foundry• Chick-fil-A Innovation Office• CONA Development & Innovation Lab• Delta Air Lines Hangar Innovation Lab• Emerson “Helix” Innovation Center• Keysight Technologies Software Design Center• NCR Hosted Solutions Lab• Panasonic Innovation Center • Southern Company Energy Innovation Center• Siemens Data Analytics and Applications Center• The Home Depot Technology Center• ThyssenKrupp Research and Innovation Center• UCB Solutions Accelerator
Corporate Lab and Technology Centers a Few Blocks Away:
• Honeywell Software Development Center
• Flex Design Center• Stanley Black & Decker
Digital Accelerator
Corporate Innovation, Technology and Headquarter Locations Nearby:
• Anthem IT Center • Coca-Cola Company• Sage Software• Worldpay U.S.
Headquarterss
Active Collaboration and Partnerships
COLLABORATIVE WORKSPACES & INCUBATORS
� Atlanta Tech Village� ATDC � Berthold Building� Collider � Combine� Coca Cola Bridge Program � Flashpoint � Flatiron City� ForgeATL� GCMI (Global Center for
Medical Innovation)� Industrious� Kollective South
� NEX Atlanta� O-Hub� ROAM� Stockyards Atlanta� StrongBox West� Switchyards� T3@Atlantic Station� Techstars� TechSquare Labs
Source: Metro Atlanta Chamber of Commerce
Incubators and Accelerators
Georgia Tech’s Biltmore Hotel
CODAThe High Performance Computing Center
Growth and Expansion of Tech Sq
17
Looking Back - Reminders & Notes:• Definitions inform expectations• Innovation hubs provide opportunities for
innovators to learn from each other.• Networks of community building that would
develop - high value of peer to peer• Onboarding - what is the right level (i.e. how to
be helpful and generate positive movement)• Different from traditional UIP• Different from previous place based connections
18
Always Learning…Refining• Community connections beyond just our
campus, involving a broader portfolio partners• Perspectives / POV Often Differ• Corporate operations are unique:
a) different objectives, approaches, and metrics b) different internal innovation and open innovation strategies, c) desire different value from ecosystem and partners…. d) so have to customize each campus-company relationship.
19
“Being Ready”…“Talent alone won't make you a success. Neither will being in the right place at the right time, unless you are ready. The most important question is: 'Are your ready?‘ “ (Johnny Carson)
Questions?
Date 24 April 2017
Greg KingAssociate Vice President for Economic Development Georgia [email protected]