` OEDIT Presentations December 8, 2011. Collaborative innovation is key for job creation and...
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Transcript of ` OEDIT Presentations December 8, 2011. Collaborative innovation is key for job creation and...
`OEDIT PresentationsDecember 8, 2011
Collaborative innovation is key for job creation and economic growth
“Given the complexity of the problems and need for innovation, it is not possible to achieve goals without collaboration” (President Barack Obama)
1. Attracting Capital
2. Attracting and Keeping Businesses in Colorado
3. Paving the road from innovation to job creation
4. Ensuring a stable and adequate investment in research and development
5. Giving small businesses the tools they need to compete
6. Creating a competitive regulatory environment
1. Invest in the Building Blocks of American Innovation Restore American leadership in fundamental research Educate the next generation with 21st century knowledge
and skills while creating a world-class workforce Build a leading physical infrastructure Develop an advanced information technology ecosystem
2. Promote Competitive Markets that Spur Productive Entrepreneurship Promote American exports Support open capital markets that allocate resources to
the most promising ideas Encourage high-growth and innovation-based
entrepreneurship Improve public sector innovation and support community
innovation
3. Catalyze Breakthroughs for National Priorities Unleash a clean energy revolution and end our
dependence on oil Support advanced vehicle technologies Drive innovations in health care technology Harness science and technology to address the "grand
challenges" of the 21st century
National Economic Priorities Colorado’s Challenges
Colorado Innovation Network: Why now?
Bottom Up Economic Development Initiative (Spring 2011)
Colorado Blueprint (October 2011)
Colorado Innovation Network (November 2011)
Coloradans for an Innovation Economy (June 2011)
Governor John Hickenlooper
U.S. SenatorsMichael Bennet &
Mark Udall
Colorado Innovation Network: What is it?
MissionThe Colorado Innovation
Network stimulates economic growth, creates jobs, increases tax revenue, and attracts new
businesses to the State of Colorado by supporting
innovative business activities and establishing a reputation for
Colorado as the most innovative state in the country.
MissionThe Colorado Innovation
Network stimulates economic growth, creates jobs, increases tax revenue, and attracts new
businesses to the State of Colorado by supporting
innovative business activities and establishing a reputation for
Colorado as the most innovative state in the country.
COIN will leverage and coordinate robust resources already present in the state, and add momentum and visibility to existing work. Through COIN, leaders from industry,
nonprofits, foundations, government and academia will convene and commit to achieving the common goal of increased economic competitiveness. The alignment of
these resources will act as a catalyst for businesses and entrepreneurs across the state.
Colorado Innovation Network: Why Us?
The County-Level Innovation Index for the United States
Source: Indiana Business Research Center
Based on: Human Capital, Economic Dynamics, Productivity & Employment, Economic Well-Being
Success will be pursued across multiple dimensions
Phase 1: 2011-2012 Phase 2: 2013-ongoingCOIN Operations
Staffing
1 FT Executive Director1 FT Program Manager1 PT Program Manager4 PT Research Fellows
1 FT Executive Director1 FT Program Manager2 FT Initiative Coordinators4 PT Research Fellows
StructureCOIN is quasi-state agency due to OEDIT incubation; Cross-University Platform for Innovation operates as a 501c3
COIN becomes a free-standing non-profit entity and absorbs Cross-University Platform for Innovation into its legal structure
COIN Initiatives
Cross-UniversityPlatform for Innovation
University-focused projects led under COIN within its own 501c3:•Startup MBA Program at CSU•New Venture & Commercialization Internships•Business Plan Competition
R&D and Fundraising phase to prepare for launch of Prototype/Proof of Concept Grants for University Research
Renewal of successful Innovation Initiatives from Phase 1; addition of Prototype/Proof of Concept Grants for University Research
Cultivating Emerging and Re-emerging Industry Clusters
Focused Cluster-Building Efforts in Energy , Electronics and Manufacturing
Application of Cluster Model Across Other Industries
Colorado Angel Investment Platform R&D Phase Culminating in Platform Dev. & Launch Ongoing Support for Platform
Innovator-in-Residence (IIR) ProgramColorado G8 Coalition; 1 additional IIR program TBD 3-4 IIR Projects Per Year
Innovation Legislation SupportSupport for:• Development of Colorado Fund of Funds• Establishment of U.S. Patent Office in Colorado
TBD
COIN Events
Colorado Innovation Network Summit First Summit Targeted for September 2012 Annual Summit; Industry-specific Events
COIN Research and Publications
The State of Colorado’s Innovation Economy Annual Report
First Report Targeted for Completion in May 2012; Publication in Summer 2012
Annual Publication