Taichung University, TaiwanTaichung University, TaiwanDecember 11, 2003December 11, 2003

The Austin ModelThe Austin Model

for Accelerating for Accelerating Technology-Based GrowthTechnology-Based Growth

Dr. David V. GibsonDr. David V. GibsonAssociate DirectorAssociate Director

IC² Institute, IC² Institute, The University of Texas at AustinThe University of Texas at Austin

U.S. TechnopoleisU.S. Technopoleis

Sillicon Sillicon ValleyValley

SeattlSeattlee

MinneapolMinneapolisis

Colorado Colorado SpringsSprings

Sall Lake Sall Lake CityCity

Los AngelesLos Angeles

San DiegoSan Diego

PhoeniPhoenixx

PortlanPortlandd

BostoBostonn

Troy-Troy-AlbanAlbanyy

DallasDallas

AustinAustin

San San AntonioAntonio

OrlandoOrlando

Raleigh-Raleigh-DurhamDurham

New New YorkYork

The Austin TechnopolisThe Austin Technopolis

In the 1980s Austin was known In the 1980s Austin was known for being the state capital and a for being the state capital and a university town with a university town with a oil/ranching/cowboy culture – oil/ranching/cowboy culture –

the city was NOT known for the city was NOT known for

entrepreneurship, start-ups, entrepreneurship, start-ups, venture capital, or High Tech. venture capital, or High Tech. Jobs were mostly in government Jobs were mostly in government and education and the area could and education and the area could not retain most of its educated not retain most of its educated talent.talent.

10 10 Years Later: Years Later: The Best U.S. Cities for Business – The Best U.S. Cities for Business –

Top Five Wealth CreatorsTop Five Wealth Creators

1. 1. AustinAustin

2. Las Vegas2. Las Vegas

3. Salt Lake City3. Salt Lake City

4. Phoenix4. Phoenix

5. San Jose5. San Jose

FortuneFortune, November 23, 1998, November 23, 1998

Top 15 U.S. Cities for Top 15 U.S. Cities for EntrepreneurshipEntrepreneurship

1. 1. AustinAustin 9. West Palm Beach9. West Palm Beach

2. Atlanta2. Atlanta 10. Colorado Springs10. Colorado Springs

3. Santa Rosa3. Santa Rosa 11. Fort Collins11. Fort Collins

4. Boulder4. Boulder 12. Oakland12. Oakland**

5. Boise City5. Boise City 12. Seattle12. Seattle**

6. San Diego6. San Diego 14. Charlotte14. Charlotte

7. Orange County7. Orange County 15. Fort Worth15. Fort Worth

8. San Antonio8. San Antonio * tied* tied

Forbes magazine, Vol 165, #13, May 29, 2000, p. 137

Top 10 U.S. Cities: Top 10 U.S. Cities: Creativity IndexCreativity Index

1. 1. San Francisco 6. Raleigh - Durham, NCSan Francisco 6. Raleigh - Durham, NC

2. Austin 2. Austin 7. Houston7. Houston

3. San Diego3. San Diego ** 8. Washington - Baltimore8. Washington - Baltimore

3. Boston3. Boston ** 9. Oakland9. Oakland

5. Seattle 5. Seattle 10. Dallas 10. Dallas **

6. San Diego6. San Diego 10. Minneapolis - St. Paul10. Minneapolis - St. Paul **

Richard Florida, Richard Florida, The Rise of the Creative Class,The Rise of the Creative Class, 2002 2002

* * tiedtied

1990 - 2000 1990 - 2000 Austin Enjoyed Austin Enjoyed Spectacular Economic Spectacular Economic

Growth Growth Why and How?Why and How?

The Austin ModelThe Austin Model

Overview of Four Evolving Strategies forOverview of Four Evolving Strategies forRegional Economic DevelopmentRegional Economic Development

IndustrialIndustrialRelocationRelocation

RetentionRetentionandand

ExpansionExpansion

BuildingBuildingNewNew

CompaniesCompanies

Newer Institutional Alliances/Partnerships for Newer Institutional Alliances/Partnerships for Leveraged Economic DevelopmentLeveraged Economic Development

Large Companies provideLarge Companies provide

VisibilityVisibility Wealth (tax, salaries)Wealth (tax, salaries) R&DR&D Major employersMajor employers Source of trained personnelSource of trained personnel Magnet for sub-contractorsMagnet for sub-contractors Spin-outsSpin-outs

IBM - from typewriters (1967) to R&D (1990s)IBM - from typewriters (1967) to R&D (1990s)

Motorola - low taxes, employees, geography (1974)Motorola - low taxes, employees, geography (1974)

MCC (1983) - 1MCC (1983) - 1stst for-profit R&D consortia in the US for-profit R&D consortia in the US

3M (1984) – 13M (1984) – 1stst R&D location away from headquarters R&D location away from headquarters

SEMATECH (1988) – university research was key SEMATECH (1988) – university research was key

Recruit/Retain/Grow: Recruit/Retain/Grow:

without UT-Austin it would without UT-Austin it would notnot have happened have happened

Emergent CompaniesEmergent Companies

Job growthJob growth New industriesNew industries Technology transferTechnology transfer

• Spin-outsSpin-outs• Start-upsStart-ups• RelocationsRelocations

Regionally-Based Spin-Outs from one CompanyRegionally-Based Spin-Outs from one Company

ColumbiaColumbiaScientific (CSI)Scientific (CSI)

CematcoCematco

Nova Graphics 15Nova Graphics 15Sun XSun X

BPI 136BPI 136Zycor 48Zycor 48

Odessa EngineeringOdessa Engineering

RadianRadian(Unitech) 974(Unitech) 974

TexasTexasNuclearNuclear

AustronAustron164164

ContinuumContinuum(Texas Corporate(Texas CorporateCorp, TCC, Inc)Corp, TCC, Inc)

700700TexasTexas

TelesystemsTelesystems120120

EspyEspyHuston 562Huston 562

PinsonPinsonAssociates 25Associates 25

MeisterMeisterEngineeringEngineering

Tracoustics 44Tracoustics 44

Key Concepts Gp. 5Key Concepts Gp. 5

Weed Instruments 98Weed Instruments 98

SGE Inc. 9SGE Inc. 9GuerrerosGuerreros

PhotographicPhotographicGp. 4Gp. 4

TexasTexasResearchResearchInst. 100Inst. 100

Targa, Inc. 2Targa, Inc. 2

AMI 57AMI 57

SpencoSpencoSystem 200System 200

UTUTAustinAustin

TRACOR2200

19551955

19621962

19651965 19691969

19711971

19721972

197419741975197519761976

19801980

19811981

19841984

0

5,000

10,000

15,000

20,000

25,000

30,000

'95 '96 '97 '98 '99 '00 '01 '02

$0

$10

$20

$30

$40

$50

Sales, in

$billions

U.S. Employees

Sales

20,200 20,200 employeesemployees

Dell’s Spectacular GrowthDell’s Spectacular Growth

Education/Training Education/Training is the keystoneis the keystone

University state-of-the-art University state-of-the-art technology research and technology research and education and education and • Business know-howBusiness know-how• Global ties and talentGlobal ties and talent• Quality of life, sports, Quality of life, sports,

museums, entertainment, a museums, entertainment, a learning environmentlearning environment

• Attract and retain the Attract and retain the “Creative Class”“Creative Class”

Colleges, Vocational, K-12Colleges, Vocational, K-12

Technology Commercialization at Technology Commercialization at UT-AustinUT-Austin

Office of Technology LicensingOffice of Technology Licensing

Licensing Income to UT-Austin, FY 1992- FY 2002

0

1

2

3

4

5

1992

1993

1994

1995

1996

1997

1998

1999

2000

2001

2002

Year

Mill

ion

s $

VisionVision

““To serve as a model for technology To serve as a model for technology commercialization for public universities.”commercialization for public universities.”

- - Larry FaulknerLarry Faulkner PresidentPresident The University of Texas at AustinThe University of Texas at Austin

The PlanThe PlanEstablishing the UT NetworkEstablishing the UT Network

Technology Technology Commercial & Entrepreneurial Commercial & Entrepreneurial Commercialization & Creation Commercialization & Creation Evaluation EntrepreneurshipEvaluation Entrepreneurship

CommercialCommercialPotentialPotential

EvaluationEvaluation

Process Facilitated by Cross Discipline Education with focusesProcess Facilitated by Cross Discipline Education with focusesin Commercial Evaluation, Entrepreneurship, Technology Transfer.in Commercial Evaluation, Entrepreneurship, Technology Transfer.

Ready to LicenseReady to License

IncubateIncubateReady toReady toLicenseLicense

Natural SciencesNatural Sciences

EngineeringEngineering

CommunicationsCommunications

PharmacyPharmacy

OthersOthersAdditional ResearchAdditional ResearchBusiness SchoolBusiness School

School of LawSchool of Law

Office ofOffice ofTechnology LicensingTechnology Licensing

Office ofOffice ofSponsored ProjectsSponsored Projects

AustinAustinTechnologyTechnologyIncubatorIncubator

IC2IC2

Technology Commercialization Technology Commercialization at UT-Austinat UT-Austin

Office of Technology LicensingOffice of Technology Licensing Technology Licensing Office Technology Licensing Office

founded in 1997.founded in 1997. 37 Intellectual Property Agreements 37 Intellectual Property Agreements

signed in 2001.signed in 2001. Growth in Licensing revenue to over Growth in Licensing revenue to over

$4 million in 2002.$4 million in 2002. Newly active role in technology Newly active role in technology

company spin-offs, over 50% of the company spin-offs, over 50% of the 37 companies UT has spun off were 37 companies UT has spun off were started since 2000started since 2000

Government, Industry, & AcademiaGovernment, Industry, & AcademiaLinkages in Promoting Excellence & GrowthLinkages in Promoting Excellence & Growth

NewNewKnowledgeKnowledge

CapitalCapitalinvestmentinvestment

ImprovedImprovedproductivityproductivity

ImprovedImprovedstandard of livingstandard of living

IncreasedIncreasedGNPGNP

CorporateGrowth

Profit(corp)

Tax revenues(fed. govt.)

Basic research(university)

New products(corp)

Development(corp)

Applied research(university or corp)

Austin’s Current ChallengesAustin’s Current Challenges

Sustaining Technology-Based GrowthSustaining Technology-Based Growth

Sustaining world-class education and research Sustaining world-class education and research

Maintaining an accessible & affordable Quality of Life Maintaining an accessible & affordable Quality of Life Traffic Traffic The environment The environment

Entrepreneurial Fever Entrepreneurial Fever To sustain the “magic” To sustain the “magic” A “cool” place for “hot” jobsA “cool” place for “hot” jobs

Are there any more George Kozmetsky’s, Admiral Are there any more George Kozmetsky’s, Admiral Inman’s, Pike Powers’, Ben Streetman’s out there for the Inman’s, Pike Powers’, Ben Streetman’s out there for the

coming decades ?coming decades ?

Austin: Industry ClustersAustin: Industry ClustersEstablished – and declining?Established – and declining?

• SemiconductorsSemiconductors• SoftwareSoftware• Computers & PeripheralsComputers & Peripherals

Emerging - (can Austin do it again?)Emerging - (can Austin do it again?)• BiosciencesBiosciences• Nano-technologyNano-technology• Digital Entertainment Digital Entertainment

• MultimediaMultimedia• Film & MusicFilm & Music

• Clean Energy (ACE Initiative)Clean Energy (ACE Initiative)• Wireless Wireless

Federal and State GovernmentFederal and State Government

Support for educationSupport for education Support for researchSupport for research Supportive context for Supportive context for

economic developmenteconomic development• Competitive tax ratesCompetitive tax rates• Competitive infrastructureCompetitive infrastructure

Local/Regional Government is Local/Regional Government is increasingly important increasingly important

ED planning and quality of lifeED planning and quality of life• Austin’s music & life styleAustin’s music & life style• K-12 education – lessen the digital divideK-12 education – lessen the digital divide• Parks - Barton SpringsParks - Barton Springs• Downtown Development - CSC Downtown Development - CSC

Competitive rate structuresCompetitive rate structures Quality civil/hard infrastructure – broadband, Quality civil/hard infrastructure – broadband,

wireless, light rail, and bike trails wireless, light rail, and bike trails Forum for Civic Entrepreneurship Forum for Civic Entrepreneurship

discussion/collaboration/cooperation/synergy discussion/collaboration/cooperation/synergy

Support/Networking Groups Support/Networking Groups are very importantare very important

Austin has at least one networking event every day with Austin has at least one networking event every day with cultural/sport/recreation events on every weekend. cultural/sport/recreation events on every weekend. People get networked! People get networked!

• Chamber of CommerceChamber of Commerce• Business and community groupsBusiness and community groups• Professional associationsProfessional associations• Entrepreneurial/IndustryEntrepreneurial/Industry AssociationsAssociations• The Austin Technology CouncilThe Austin Technology Council

But Excellence But Excellence

in any one or in any one or

all these sectors is all these sectors is

not sufficient!not sufficient!

The Technopolis FrameworkThe Technopolis Framework

networksnetworks

Large

Large

Compan

ies

Compan

ies

EmergentEmergentCompaniesCompanies

LocalLocal

Government

Government

Support

SupportGroupsGroups

Ed

uca

tio

nE

du

cati

on

Sta

teS

tate

Go

vern

men

tG

ove

rnm

ent Federal

Federal

Government

Government

networknetworkss

Networks Networks 1st & 2nd Level Influences1st & 2nd Level Influences

Leadership & visionLeadership & vision Personal & professionalPersonal & professional Regional, national, globalRegional, national, global High credibility & trustHigh credibility & trust Inspire implementersInspire implementers Cross all segments of the Cross all segments of the

Technopolis WheelTechnopolis Wheel

networks

Networks 1st and 2nd Level Networks 1st and 2nd Level InfluencesInfluences

Leadership and VisionLeadership and Vision Personal and professionalPersonal and professional Regional, national, globalRegional, national, global High credibility and trustHigh credibility and trust Inspire implementersInspire implementers Cross all segments of the Technopolis Cross all segments of the Technopolis

WheelWheel

Austin has at least one networking event Austin has at least one networking event every day with cultural/sport/recreation every day with cultural/sport/recreation events on every weekend. People get events on every weekend. People get networked! networked!

ICIC22 INSTITUTE INSTITUTEThe University of Texas at AustinThe University of Texas at Austin

A “think and do tank” – A “think and do tank” – www.ic2.orgwww.ic2.org

ICIC22 Institute InstituteA A Catalyst Catalyst Organization Organization

Linking Linking

CREATIVITYINNO

VATIO

N

CAPITAL

IC2

WHO WE AREWHO WE ARE

25 25 years oldyears old

$3.5 million$3.5 million

20 staff20 staff

210 IC² 210 IC² FellowsFellows

2

Research ProgramsResearch Programs Masters (MSSTC) ProgramMasters (MSSTC) Program Non-degree Education & Non-degree Education &

Training ProgramsTraining Programs IncubatorsIncubators Visiting ScholarsVisiting Scholars Regional DevelopmentRegional Development ConferencesConferences PublicationsPublications

What Makes ICWhat Makes IC22 Institute Institute Different?Different?

Dr. George Kozmetsky Dr. George Kozmetsky • Co-founder – TeledyneCo-founder – Teledyne• Dean - UT Austin Business School Dean - UT Austin Business School

(1966-1982)(1966-1982)• Founded ICFounded IC22 in 1977 in 1977• Winner of National MedalWinner of National Medal• of Technology (1993)of Technology (1993)• Educator, Entrepreneur,Educator, Entrepreneur,

Mentor, and VisionaryMentor, and Visionary

George KozmetskyFounder, IC2 Institute

““The challenge of technological innovation in the global The challenge of technological innovation in the global knowledge-based economy of the 21knowledge-based economy of the 21stst Century can be Century can be stated as follows: stated as follows:

How can each organization, region, and nation manage How can each organization, region, and nation manage technology creatively and innovatively to reap the technology creatively and innovatively to reap the benefits of sustained economic growth? benefits of sustained economic growth?

Those organizations and regions most able to accomplish Those organizations and regions most able to accomplish this objective will play key roles in accelerating wealth this objective will play key roles in accelerating wealth creation and shared prosperity.creation and shared prosperity.

CreativityCreativity

GovernmentGovernmentIndustryIndustry

InnovationInnovationInnovationInnovation

EducationEducationEducationEducation

A Global ChallengeA Global Challenge

MechanismsMechanisms

MetricsProcessProcess

T2

ICIC22’s Key Distinguishing ’s Key Distinguishing CharacteristicsCharacteristics

Academia, business, and Academia, business, and government collaborationgovernment collaboration

Technology and ideology Technology and ideology Global and multidisciplinaryGlobal and multidisciplinary Unstructured problemsUnstructured problems Extending academic and professional Extending academic and professional

boundariesboundaries Theory applicationTheory application

Formulation of Formulation of Unstructured Unstructured

ProblemsProblems

ApplicationApplicationResearchResearch

ExperimentalExperimentalImplementationImplementation

ProactiveProactiveDisseminationDissemination ICIC22

MethodologyMethodology

ConceptConceptDevelopmentDevelopment

The Fellows The Fellows make ICmake IC22 different different

• Academia, Business and

Government • Champions • Entrepreneurs• Emerging Talent• International• Transdisciplinary

Econometrics, Marketing, Business Strategy, Regional Economic Development, Technology Transfer, Commercialization, Chaos Theory, Globally Networked Entrepreneurship, E-Commerce, Management Innovation, Entrepreneurship, Alliance Building

Transdisciplinary PhD Students Transdisciplinary PhD Students make ICmake IC22 different different

• College of Communication• College of Education• College of Engineering• College of Liberal Arts• Graduate School of Business• Institute of Latin American Studies• Library and Information Sciences • Lyndon B. Johnson School of Public Affairs• School of Social Work

Visiting Scholars make ICVisiting Scholars make IC22 differentdifferent

Over 60 Scholars from Academia, Business and

Government from 13 nations – 2002-2003 • Korea Telecom• Coruna University, Spain• Tohoku University, Japan• Moscow Science Park “Izmaylovo”• Fujian, China• Adelaide University, Australia• Instituto Superior Tecnico, Portugal• Bodo University, Norway

Action Programs make ICAction Programs make IC22 different different Austin Technology Incubator (ATI) Austin Technology Incubator (ATI)• 65 companies launched• 10,000 jobs created (2,850

direct, 7,150 indirect)• $1.2 billion in revenue

generated • $500 million+ in VC and other

investments secured• TCN [Thecapitalnetwork.com]

• ATC [Austintechnology council.org]

• Clean Energy Incubator

ATI(non-profit/profit)

Key Components of The Key Components of The Austin Technology Incubator Austin Technology Incubator

Entrepreneurs Technology

Incubator Affiliation

Admini-stration

Know-How Networks

Support Systems

Tenant Companies

Faster to market andfast growth

EducationalLab on Entp.

Job Creation

IPOsShorten Learning

Curves

Regional Ecc. Development

Facilities

Capital

.

Pri

vate

Un

iver

sity

Go

vern

- m

ent

No

n-

Pro

fit

GlobalNetworks

Research &Exper’l Learn’g

AUSTIN TECHNOLOGY AUSTIN TECHNOLOGY INCUBATOR Building CompaniesINCUBATOR Building Companies

Factory LogicFactory Logic BMC SoftwareBMC Software

Input/OutputInput/OutputSun XSun X

Adv. EnergyAdv. EnergyNew Work Ass.New Work Ass.

CompuSeisCompuSeisHaystack LabsHaystack Labs

EvityEvity4 State Tech4 State Tech

Ampersand Ampersand ArtArt

ClockworkClockwork

Evolutionary Evolutionary TechnologiesTechnologies Applied ScienceApplied Science

FictionFiction

Chisolm TechChisolm Tech

Encore MedicalEncore MedicalPolo Polo Int’lInt’l

Utility CompositesUtility Composites

Key Concepts Gp. 5Key Concepts Gp. 5

DTM CorporationDTM Corporation

Corporate MemoryCorporate MemoryPolyDyne PolyDyne

DevelopmentDevelopment

TexasTexasResearchResearchInst. 100Inst. 100

Silicon MetricsSilicon Metrics

SkipstoneSkipstone

CEDRA CorpCEDRA Corp

UTUTAustinAustin

ATI

19891989

1990199019911991 19921992

19931993

199419941995199519961996

19981998

19991999

20002000

AcademicAcademicBusinessBusiness

GovernmentGovernment

TalentCapital

Know-How

Fast Growth Start-UpsFast Growth Start-Ups

Technology

MARKET NEEDMARKET NEED

COMMUNITYCOMMUNITY

Established & New to the World

Knowledge/Technology Transfer and Knowledge/Technology Transfer and Adoption at the Regional LevelAdoption at the Regional Level

TalentTalent Targeted Workforce TrainingTargeted Workforce Training Retain talent within the regionRetain talent within the region Recruit and “bring back” entrepreneurs to the Recruit and “bring back” entrepreneurs to the

regionregion Immigrant EntrepreneurshipImmigrant Entrepreneurship

TechnologyTechnology Know your region’s strengthsKnow your region’s strengths

CapitalCapital Assess capital needs and availabilityAssess capital needs and availability

Know-HowKnow-How Smart Infrastructure Smart Infrastructure

The Austin Technology Incubator (1989)• Financial support: The city, chamber, and county• UT-Austin faculty and students • In-Kind Know from the business community• Metrics for success: attract talent, create jobs,

create wealth – IPOs, • An “experiential learning laboratory”• Lightning Rod for the community

IC² Institute, UT-Austin as a IC² Institute, UT-Austin as a Catalyst OrganizationCatalyst Organization

Metrics for SuccessMetrics for Success

Government - CommunityGovernment - Community• Job creationJob creation• Space utilizationSpace utilization• Capital creationCapital creation• Branding the regionBranding the region• Increased revenues - Increased revenues -

taxes,services,taxes,services,etc.etc.

Metrics for SuccessMetrics for Success

Private SectorPrivate Sector• Technology assessmentTechnology assessment• Market assessmentMarket assessment• IP protectionIP protection• CapitalCapital• ProfitProfit• Time to marketTime to market• Management developmentManagement development

Metrics for SuccessMetrics for Success

AcademicAcademic• Develop technology enterprise and Develop technology enterprise and

management curriculummanagement curriculum• Successful placement of studentsSuccessful placement of students• Experimental learningExperimental learning• ResearchResearch• Royalty and license feesRoyalty and license fees

MS in Science and Technology MS in Science and Technology Commercialization Commercialization makes ICmakes IC22 Different Different

12 12 MONTHSMONTHS AVE. AGE = 37AVE. AGE = 37 $42,000$42,000 FRIDAY/SATURDAY FRIDAY/SATURDAY Video-cast Partners IBM Video-cast Partners IBM

and Applied Materials and Applied Materials Select Classes and Select Classes and

Projects with the EU, Projects with the EU, Mexico, Russia, etc.Mexico, Russia, etc.

IN-CLASS & INTERNET IN-CLASS & INTERNET

Two Basic Types of Knowledge/Technology Two Basic Types of Knowledge/Technology Transfer to Commercial ApplicationsTransfer to Commercial Applications

private sector

federal labs

universities

consortia

corporate labs

process application

R&D/Mfg.

Marketing/Sales

spin-out technologies

technologyincubator

private sector

federal labs

universities

consortia

commercialapplication

2

1

start-upcompany

The CoursesThe Courses

Technology assessment Technology assessment Marketing technical innovationsMarketing technical innovations Technology/Knowledge transfer & Technology/Knowledge transfer &

adoptionadoption Creative and innovative managementCreative and innovative management Opportunity assessment Opportunity assessment Legal issues of the commercialization Legal issues of the commercialization

process process

18

The CoursesThe Courses

Risk managementRisk management Commercialization strategy Commercialization strategy Rapid product and process Rapid product and process

developmentdevelopment Developing the new venture Developing the new venture Financing the new venture Financing the new venture Technology and trade policies Technology and trade policies

18

Team Project Technology AssessmentTeam Project Technology Assessment

Describe the technologyDescribe the technology Determine intellectual property rights Determine intellectual property rights Identify potential markets Identify potential markets Assess the impact of global government policiesAssess the impact of global government policies Assess human and organizational factors Assess human and organizational factors Assess environmental impactAssess environmental impact Develop a technology transfer modelDevelop a technology transfer model Draw conclusions about commercial potentialDraw conclusions about commercial potential Make recommendations regarding Make recommendations regarding

commercializationcommercialization

Action Research Action Research makes ICmakes IC22 different different Alliance Building & Global Networks Artificial Intelligence Business Strategy Chaos Theory Clean Energy Commercialization Creative & Innovative Management Econometrics Knowledge Base Benchmarking Marketing Nanotechnology Regional Economic Development Technology Transfer Wireless Technologies

Regional Studies: Assets Regional Studies: Assets and Challenges for and Challenges for

Accelerated Technology-Accelerated Technology-Based GrowthBased Growth

How to Define your How to Define your Region?Region?

GeographicallyGeographicallyEconomicallyEconomically

TechnologicallyTechnologically Knowledge/Creative ClassKnowledge/Creative Class

Politically PoliticallySocial ConcernsSocial Concerns

Cultural ConcernsCultural Concerns

Natural ResourcesNatural Resources

Technology continues to shrink the Technology continues to shrink the world. There is no choice other than to world. There is no choice other than to participate in the global community. participate in the global community. Science and technology is too precious Science and technology is too precious a resource to be restricted from drawing a resource to be restricted from drawing the world together. That is what the 21the world together. That is what the 21stst Century is all aboutCentury is all about

Dr. George KozmetskyDr. George KozmetskyRemarks to company graduationat the Austin Technology Incubator,September 6, 1996

Global and Multidisciplinary Global and Multidisciplinary Perspectives Perspectives Makes ICMakes IC22 different different

Collaborative Research Collaborative Research Collaborative TeachingCollaborative Teaching Visiting ScholarsVisiting Scholars IC2 Institute Research FellowsIC2 Institute Research Fellows Student & Faculty Exchange Student & Faculty Exchange ConferencesConferences Other ActivitiesOther Activities

30 Nations

ASIA

China

Taiwan

India

Japan

Korea

Singapore

Vietnam

EASTERN EUROPE

Rep. of Georgia

Russia

Ukraine

Poland

EUROPE

Belgium

France

Italy

Norway

Portugal

Spain

Sweden

The Netherlands

United Kingdom

LATIN AMERICA

Belize

Brazil

Chile

Colombia

Mexico

MIDEAST

Algeria

Armenia

IsraelOTHER

Australia

Canada

Select Worldwide IC² PartnersSelect Worldwide IC² Partners

Aoyama Gakuin University & SendaiAoyama Gakuin University & Sendai Brazil, Colombia Brazil, Colombia Galicia RegionGalicia Region CBIRDCBIRD Taejon Taejon MoscowMoscow Adelaide, Alice SpringsAdelaide, Alice Springs ShanghaiShanghai LodzLodz

JapanJapan

Latin Am.Latin Am.

SpainSpain

MexicoMexico

KoreaKorea

RussiaRussia

AustraliaAustralia

ChinaChina

PolandPoland

ICIC22 Institute Affiliated Programs Institute Affiliated Programs To Be LeveragedTo Be Leveraged

The (Award Winning) Austin Technology Incubator (ATI) - The (Award Winning) Austin Technology Incubator (ATI) - www.ic2-ati.orgwww.ic2-ati.org

The Capital Network (TCN) - The Capital Network (TCN) - http://wwwthecapitalnetwork.com http://wwwthecapitalnetwork.com

    MS Degree Program in Science and Technology MS Degree Program in Science and Technology Commercialization - Commercialization - www.ic2.org/msdegreewww.ic2.org/msdegree

Kozmetsky Global Collaboratory and Kozmetsky Global Collaboratory and CBIRD-GlobalCBIRD-Global

  

Diffusion of Research Diffusion of Research ResultsResults

MS S&TC ProgramMS S&TC Program Regional Ecc. Development StrategiesRegional Ecc. Development Strategies Symposia, Conferences, and SeminarsSymposia, Conferences, and Seminars

• International Conference on Integrated Design and ProcessInternational Conference on Integrated Design and Process TechnologyTechnology [www.sdpsnet.org/conferences.html] [www.sdpsnet.org/conferences.html]

• International Conference on Technology Policy and Innovation International Conference on Technology Policy and Innovation [http://in3.dem.ist.utl.pt/confpolicy][http://in3.dem.ist.utl.pt/confpolicy]

Technical Reports/MonographsTechnical Reports/Monographs Journal PublicationsJournal Publications Book SeriesBook Series WWW.ic2.orgWWW.ic2.org

Lessons LearnedLessons Learned Visionaries, influencers, champions are crucialVisionaries, influencers, champions are crucial

business/academic/government – shifting business/academic/government – shifting leadershipleadership

It is happening faster: S.V. To AustinIt is happening faster: S.V. To Austin Out-migration can become in-migrationOut-migration can become in-migration Money is not “the” answer: Kansai to AustinMoney is not “the” answer: Kansai to Austin It is a “bottom up” and a “top down” processIt is a “bottom up” and a “top down” process Build on your strengths & not what others didBuild on your strengths & not what others did Regions are getting smarter about EDRegions are getting smarter about ED

Lessons LearnedLessons Learned

Context is all important (S.V. & Immigrant Entp. Context is all important (S.V. & Immigrant Entp. – Austin a tolerant city and Texas Friendly) – Austin a tolerant city and Texas Friendly) ““access to the food chain at all levels is key”access to the food chain at all levels is key”

Is it increasingly possible to “leapfrog” ?Is it increasingly possible to “leapfrog” ? Is it becoming more virtual and global?Is it becoming more virtual and global? Small wins are important: Role modelsSmall wins are important: Role models ““Spectacular Success” is nice (Dell)Spectacular Success” is nice (Dell) Community leverage is important: ATICommunity leverage is important: ATI The right “Branding” sure helpsThe right “Branding” sure helps

Technopolis: Technopolis: Critical ComponentsCritical Components

Scientific preeminence in technology-Scientific preeminence in technology-based researchbased research

Development of new technologies for Development of new technologies for emerging industriesemerging industries

Attraction and retention of major Attraction and retention of major technology companiestechnology companies

Creation and growth of home-grown Creation and growth of home-grown technology companiestechnology companies

Source: Kozmetsky, Smilor and Gibson, 1986

Technopolis: Critical Technopolis: Critical ComponentsComponents

University/Centers of ExcellenceUniversity/Centers of Excellence Industry: small, medium & largeIndustry: small, medium & large Science Park(s) ?Science Park(s) ? Incubator(s) ?Incubator(s) ? Quality of LifeQuality of Life Smart infrastructureSmart infrastructure Grow, Retain, Recruit Talent & Re-trainingGrow, Retain, Recruit Talent & Re-training Timing – “Windows of Opportunity”Timing – “Windows of Opportunity”

Technopolis: Critical Technopolis: Critical ComponentsComponents

Entrepreneurial CultureEntrepreneurial Culture Diverse/TolerantDiverse/Tolerant ““Creative Class”Creative Class” other…….other…….

Social Inclusion:Social Inclusion:Regional, National, and GlobalRegional, National, and Global

Knowledge, Innovation, and Knowledge, Innovation, and Economic GrowthEconomic Growth

Creation and distributionCreation and distributionof knowledgeof knowledge

Wealth andWealth andjob creationjob creation

Technological innovationTechnological innovationand developmentand development

Shared ProsperityShared Prosperity

Regional EntrepreneurshipRegional Entrepreneurship

TECHNOLOGY TECHNOLOGY ENTREPRENEURSHIPENTREPRENEURSHIP

CIVIC CIVIC ENTREPRENEURSHIPENTREPRENEURSHIP

SOCIAL SOCIAL ENTREPRENEURSHIPENTREPRENEURSHIP

Knowledge, Innovation, and Knowledge, Innovation, and Economic GrowthEconomic Growth

Creation and distributionof knowledge

Wealth andjob creation

Technological innovationand development

Shared Prosperity

Regional Metrics/Benchmarks for Regional Metrics/Benchmarks for “Success”“Success”

Wealth creation / ROIWealth creation / ROI High value jobsHigh value jobs SustainabilitySustainability

• Re-InventionRe-Invention• Talent, Technology, Capital, Know-HowTalent, Technology, Capital, Know-How• Quality of lifeQuality of life• Shared prosperityShared prosperity

The Objective is Wealth Creation The Objective is Wealth Creation and Shared Prosperity:and Shared Prosperity:

Networking society for social, Networking society for social, economic, scientific, and economic, scientific, and

technological development – technological development – through regional academic, through regional academic, business, and government business, and government

collaborationcollaboration

The ICThe IC22 Institute is a global, Institute is a global, transdisciplinary, and virtual “think” transdisciplinary, and virtual “think” and “do” tank that contributes to and “do” tank that contributes to society through research and society through research and practice on “unstructured practice on “unstructured problems” focused on accelerating problems” focused on accelerating science and technology science and technology commercialization and shared commercialization and shared prosperity at home and abroad.prosperity at home and abroad.

Thank YouThank You

Questions?Questions?