REGIONAL ECONOMIC GROWTH THROUGH INTERNATIONAL

TECHNOLOGY TRANSFER

REGIONAL ECONOMIC GROWTH THROUGH INTERNATIONAL

TECHNOLOGY TRANSFER

5TH Vienna Economic ForumNovember 2008

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Otto ProhaskaPresidentOttoConsulting, LLC.

Economic Growth

• Technology Transfer (TT) is Key to Economic Growth and Community Development.

• Entrepreneurs, Customers, Industry, Investors, Education, Communities, Government, (the “Stakeholders”) are Key to TT Success:• short-term: attract established companies• long-term: TT + form new high-tech companies

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TT Requirements

• top technical knowledge, top facilities

• business skills, customers/markets

• governmental support, TT funding

• TT expertise

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Examples

• MIT: 132 start-ups between 1995 and 2001 • Bank of Boston Study: in 1997 MIT start-ups generated over

$230 B in revenues; created over one million new jobs

• business skills, customers/markets• governmental support

• $ 40 B for National Labs, $ 2 B for small businesses / grants• every governmental $ of subsidy creates $2.5 tax revenues

• TT expertise

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TT Expertise: OTTO

• strategic planning and plan implementation• risk reduction

• new technologies mean high business risks• new products with new technologies mean very high risks

• progress acceleration• will significantly increase corporate return on investment• will significantly increase regional economic growth

• international network • customers / markets• business partners, investors

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outstanding technology transfer operationsso that all links in the value chain will be strong: