innovation dinner amarillo
DESCRIPTION
TRANSCRIPT
Heath Naquin
06.14.2010
Topics for Discussion◦ Who is this Heath Person ??
◦ What is this Innovation you Speak of ??
◦ How does Innovation=Economic Development?
◦ Resources To Support Innovation
◦ What Next ??
H.Naquin 6/14/2010
Heath Naquin BBA, MSTC, PMP◦ Program Manager for Technology Transfer and
Commercialization @ Ic2 Institute
◦ Part of International Innovation Team for 7 Countries
◦ COO and Founder of the Green Technology Alliance
◦ Commercial Reviewer for NSF and EPA
◦ Principal Advisor for Larta Institute
◦ Featured Presenter/Contributor for Forbes, TechNet and PMI
H.Naquin 6/14/2010
H.Naquin 6/14/2010
“the act or process of inventing or introducing something new”
H.Naquin 6/14/2010
Commercialization
Patents/IP
Invention
Entrepreneurship
H.Naquin 6/14/2010
“Innovation is the specific instrument of entrepreneurship. The act that endows resources with a new capacity to create wealth.”
Peter Drucker
“Innovation is the central issue in economic prosperity”
Michael Porter
H.Naquin 6/14/2010
“An Invention is Innovative when I can get someone to buy it…”
H. Naquin
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Product
Process
Concept
Curriculum
H.Naquin 6/14/2010
Silicon Beach
Media Del Rey Silicon Hollow
Silicon Forest
Silicon Gulch/ Silicon Hills
Silicon Village
Silicon Vineyard
Silicon Gulch
Silicon Valley
Multimedia Gulch
Silicon Island
Silicon Beach
Digital Coast
Silicon Desert
Cyberchella Valley
Silicon Mesa
Silicon City
Silicon Prairie
Telecom Corridor
Silicon Freeway
Biotech Beach Silicon Bayou
Silicon Swamp
Telecom Valley
Silicon Triangle
Silicon River
Automation Alley
Silicon Tundra/ Silicon Valley North
WebPort
Silicon Island
Silicon Alley
Silicon Valley Forge
Philicon Valley
Silicon Holler
Silicon Mountain
Silicon Seaboard
Silicon Dominion/ Silicon Plantation
E-Coast
Cyber District
Silicon Hill
Silicon Necklace
Silicon SandbarDot CommonwealthSilicon Mountain
Silicon Snowbank
Silicon PlainsSilicon Glacier
Silicon OrchardSilicon IslandSilicon Rain Forest
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H.Naquin 6/14/2010
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Texas is home to over 4,100 biotechnology, biomedical research, business and government consortia, medical manufacturing companies, and world-class universities and research facilities.
These facilities and institutions employ over 104,400 workers at an average annual salary of over $67,300.
Biotechnology manufacturing establishments are in the Houston, Dallas-Fort Worth, Austin, and San Antonio metropolitan areas.
Direct Investment in Innovation ◦ ETF and EDF
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Creating the Technopolis, 1988 (R. Smilor, D. Gibson, and G. Kozmetsky)
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Yes Innovation Can Happen Anywhere Even Amarillo.◦ Case Study Reference India
The Goal of Innovation from an Economic Development Standpoint??
Wealth Creation
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Entrepreneurial Talent in Region
Access to Technology
Community Support/Perception
Funding
Success
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Attract and Provide Opportunity for Youth
Provide Educational Pathways
Create Culture Supporting Innovation◦ BP Competition
◦ Invest in Training, Development and Small Business
Not Business Plan Writing, but Skills Development
Make Sure Everyone Knows About Successes
Leverage Existing Industry Investment in Region towards Innovation
H.Naquin 6/14/2010
◦ Job creation
◦ Training
◦ Develop smart infrastructure
◦ Enhanced quality of life
◦ Space utilization
◦ Capital creation
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Economic Development
in the 21st Century is Contingent upon Innovation
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New Technology + Entrepreneurs +
Community Support + Funding
New Ventures
Increased Jobs+ Increased Salaries
+ Increased Talent Base
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Increased Jobs+ Increased Salaries +
Increased Talent Base
Increased Tax Base + New Corporate
Attractiveness and Creation Within
Region
Real Economic Development via Wealth
Creation
H.Naquin 6/14/2010
H.Naquin 6/14/2010
Austin Return on Investment◦ Kiplinger top city for the next decade
◦ Forbes #2 most Innovative City
◦ In Top 10 for most friendly for Entrepreneurs
◦ Significant Investment by Employers
◦ Number 2 in Country for Patents Filed
◦ Top Youth Magnet City
H.Naquin 6/14/2010
Direct for Companies◦ Emerging Technology Fund/RCIC
◦ SBIR/STTR
◦ Others??
In Support of Region◦ Governors Office
◦ Dept of Commerce/DoE/EPA/EDA
◦ Foundations
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SBIR/STTR Increase
Increased Government Initiatives in Research tied to Economic Development-i6
International Collaboration
Increased Commercial Joint Projects and Shared Resources
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So if Innovation is Important to Regional Economic Development what are some things that Amarillo can capitalize upon/leverage to drive real and sustained economic development and change??
H.Naquin 6/14/2010
Creation of Regional Fund for Innovation◦ City/Region gets Equity Stake in New Ventures◦ Acceleration vs. Incubation Model
Leverage Wind Energy Status to Focus on Next Generation Energy Venture Acceleration Magnet
Promoted and Specialized PhD Program with WTAMU focused on Commercialization and Innovation
Establish International Landing Pad for International Ventures
H.Naquin 6/14/2010
H.Naquin 6/14/2010