Accelerating the Creation of a World Class Center of ... the Creation of a World ... high tech...
Transcript of Accelerating the Creation of a World Class Center of ... the Creation of a World ... high tech...
Client Name
©CFAR 2013 1
William A. Ghormley, Sr. Vice President, Xconomy
Nathaniel Welch, Sr. Manager, Center for Applied Research
Accelerating the Creation of a World Class Center of Innovation in Austin – Learning from Kendall Square and the Boston Experience
Downtown Austin Alliance
©CFAR 2013 2
Our Objective Today.....
•! What is an innovation cluster vs. a district?
•! What is happening in Boston and why?
•! How Austin can create further conditions for success?
Client Name
©CFAR 2013 3
A Brief History
Kendall Square: “The World’s Most Innovative Square Mile”
Downtown Austin Alliance
©CFAR 2013 4
Downtown Austin Alliance
©CFAR 2013 5
Kendall Square!
Longwood Medical!
Boston Seaport!
$
Downtown Austin Alliance
©CFAR 2013 6
Downtown Austin Alliance
©CFAR 2013 7
A Brief Timeline of Boston and Kendall Square
1629 - 1720’s: From farming town to port
1780’s - 1850’s: Dramatic post- revolution growth
1850’s - 1880’s: From clipper ships era to industrial boom: Telephone (1876)
1880’s - 1940’s: MIT moves (1916) Radar (1940)
1980’s - 2013: Kendall Square becomes, life ciences, high tech cluster
1950’s - 1980’s: Imaging, computers, aerospace, software, healthcare, biotech
Downtown Austin Alliance
©CFAR 2013 8
Downtown Austin Alliance
©CFAR 2013 9
What do we mean by “cluster”?
Place matters
Concentrated Knowledge
Trusted relationships
Reputation mitigates
risk Reduced friction
Community Values Matter
Brand Power
Downtown Austin Alliance
©CFAR 2013 10
Downtown Austin Alliance
©CFAR 2013 11
Self-Organizing elements of a successful cluster
Financial Capital
Geography Developable Space
Knowledge Capital
“Founderati” (Entrepreneurs)
Cultural Arts
Mass Transit
Downtown Austin Alliance
©CFAR 2013 12
Creating the seeds of opportunity – Rt 128
MENS ET MANUS “Mind and Hand”
RADAR
Downtown Austin Alliance
©CFAR 2013 13
Two divergent paths on whether academics could start companies.....
This created the locus of activity in Kendall Square
Downtown Austin Alliance
©CFAR 2013 14
Kendall Square attracted dollars for biotech and other research...
$600 million $400 million
$220 million (VC)
$135 million
Downtown Austin Alliance
©CFAR 2013 15
...and the Cambridge Innovation Center has been the magnet for entrepreneurs
"If technology and innovation are the lifeblood for our future, then CIC is ground zero.” Rob Weisman, The Boston Globe
Number What
$2B VC money raised by companies started at the CIC
1500 Number of companies have gotten their start at the CIC
40,000 Jobs created
7,368 Number of meetings held each month at the CIC
20,926 Number of cups of coffee made each month
Downtown Austin Alliance
©CFAR 2013 16
FROM (1964)
Downtown Austin Alliance
©CFAR 2013 17
TO (2012)
Downtown Austin Alliance
©CFAR 2013 18
Kendall Square!
Longwood Medical!
Boston Seaport!
$
Downtown Austin Alliance
©CFAR 2013 19
The Seaport Innovation District design as it is forming in 2013…
Downtown Austin Alliance
©CFAR 2013 20
… and the Longwood Medical Area
Longwood/Hospitals
Green Line:Riverside “D”
Longwood
Green Line:Arborway “E”
•Mission Hill LinkBus Stop
Brigham Circle
RoxburyCrossing
81947
CT2CT3
Museum of Fine Arts
Ruggles
Longwood Avenue
Tremont Street
Ward Street
Calum
et Street
Vin
ing
Stre
et
Kem
pton
St.
St. Albans Road
Wig
gles
wor
th S
tree
t
Wor
thin
gton
Str
eet
Fenwood Road
Francis Street
Shattuck
Binn
ey S
tree
t
Deaconess Road
Pilg
rim R
oad
Francis Street
To Brookline Village
Jamaicaw
ay
To R
t. 9
Joslin Place
Nes
sel W
ay
Short Street
Pilg
rim R
oad
Broo
klin
e A
venu
e
Riverw
ay
Riverway
Autum
n Street
Rt. 9
Hunt
ingt
on A
venu
e
Louis Prang Street
Museum Road
Ruggles Street
Tetlow Street
Ave
nue
Loui
s Pa
steu
r
Blac
kfan
Cir.
Evan
s W
ay
Evan
s W
ay
Pala
ce R
oad
Mea
dow
Lan
e Simmons Driveway
Park Drive
Fenway
Fenw
ay
Forsyth Way
Queen
sber
ry St
reet
Pete
rbor
ough
Stre
et
Monmouth Court
Carlton Street
Cha
pel S
tree
t
Boyls
ton
Stre
et
Street
Jimmy Fund Way Children’s Way
Leon Street
Forsyth Street
Hem
enw
ay S
tree
t
Trem
ont S
tree
t
Ann
unci
atio
n Ro
ad
Station Street
Park
er S
tree
t
Aven
ue o
f the
Arts
Gur
ney
Stre
et
Vanc
ouve
r St
reet
Fenway
Mon
mou
th St
reet
Beth Israel Deaconess Medical Center East Campus
Brigham and Women’s Hospital
333 Longwood Avenue
Beth Israel Deaconess Medical Center West Campus
Carl J. Shapiro Clinical Center
Emmanuel College
Harvard Medical School
CountwayLibrary
HarvardSchool of Dental Medicine
Harvard School of Public Health
Joslin Diabetes Center
Massachusetts College of Pharmacy and Health Sciences
Simmons College Residence Campus
Simmons College Academic Campus
Temple Israel
Wheelock CollegeMain Campus
Wheelock CollegeBrookline Campus
Wheelock CollegeBrookline Campus
The WinsorSchool
375 Longwood Avenue
Harvard Institutes of Medicine
New ResearchBuilding
BostonChildren's
Hospital
Galleria:Food CourtShops, Hotel
Boston Latin School
IsabellaStewartGardner Museum
Massachusetts Collegeof Art and Design
Wentworth Institute of Technology
Museum of Fine Arts
Northeastern University
Landmark Center
Museum School
Brigham and Women’s Hospital 221 Longwood
Back BayFens
Riverway
Brookline
Mission Hill
Fenway
AudubonCircle
Beec
h Ro
ad
Colche
ster S
treet
Col
ches
ter S
tree
t
Newell Road
819476065CT2CT3
81947CT2CT3
CT2
3966
81947CT3
81947CT3
CT3
8196065
47CT2
6065
39
66
39CT2
39
PoliceHeadquarters
Renaissance Park
Center forLife ScienceBoston
MerckResearchLaboratories
Longwood Avenue
BostonChildren’s Hospital
BostonChildren’sHospital
To KenmoreSquare
New Dudley Street
0 50 100 200
Legend
Accessible Entrance
Entrance
Restaurant
Coffee Shop
Retail Shop
Pharmacy
Hotel
Parking
MBTA Green Line Stop
Harvard Shuttle Stop
47 MBTA Bus Numbers
MBTA Bus Route
Bank/ATM
Massachusetts College of
Pharmacy and Health Sciences
LongwoodResearch Center
Mass. MentalFenwood Inn
Mass.MentalHealthCenter
Yawkey Centerfor Cancer Care
Dana-Farber Cancer Institute
ShapiroCardiovascularCenter
Blue CrossBlue Shield
Prentiss Street
Min
doro
Str
eet
Hal
leck
Str
eet
Beac
on St
reet
St. Mary’s Street
Mc Greevey Way
Horadan Way
Smith Street
St. A
lpho
nsus
Str
eet
Gore Street
Oscar Street
Terr
ace
Stre
et
319
Servicenter
Judge BakerChildren's Center
Cov
enge
r St
.
Parker Hill Avenue
Fullerton Street
Burlington Avenue
Overland Street
Landmark Center
Harvard Vanguard(Kenmore)
Broo
klin
e A
venu
e
•! 6 Major Hospitals!•! 2.4M Outpatient visits/yr!•! 12 Educational Institutions!•! 45,000 Employees (!
Downtown Austin Alliance
©CFAR 2013 21
The Emerald Necklace: by Frederick Law Olmsted
Longwood
Kendall
Seaport
Client Name
©CFAR 2013 22
“Building Clusters: A Short Guide”
Downtown Austin Alliance
©CFAR 2013 23
Downtown Austin Alliance
©CFAR 2013 24
Merging!Technologies !
Tolerance !
Talent!
Downtown Austin Alliance
©CFAR 2013 25
Technology + Talent + Tolerance Three forces that create cluster success
Technologies are merging: 200 years of Physical Science/Physics, converging with 100 years of Life Science/Biology converging with 50 years of Computational Science, giving us accelerating ability to analyze and design new solutions, which has developed an army of engineers and scientist with amazing, disruptive ideas they want to try.
Tolerance for differences and those who bring key skills and capabilities allows the start up culture to build businesses rapidly in a sustainable way, rewarding those who develop themselves continuously.
Talent from Business, Legal, and Financial sectors combines with these Entrepreneurial Engineers to build potent start up enterprises that become productive companies employing a wide range of talents and skills, which attracts capital and builds companies.
Downtown Austin Alliance
©CFAR 2013 26
The four key institutions enable high performing clusters
Academic
Cultural Economic
Government
The Cluster s Institutions must thrive ! The Cluster’s
Institutions must thrive
All four types of institutions must perform well for a cluster to be considered excellent
Downtown Austin Alliance
©CFAR 2013 27
Key Design Principle: Look across to win
.. All enabled by openness to different perspectives.!
Cross-Silo !Problem Solving!
!
Cross-Cultural! Teams!!
Cross-Functional !Task Forces!
!
Downtown Austin Alliance
©CFAR 2013 28
7 U.S. sites of innovation
Downtown Austin Alliance
©CFAR 2013 29
The metrics that matter for clusters
•! Quantitative •! Companies •! Jobs •! Revenue •! Investment
•! Qualitative •! Trust between parties
improves •! Risk taking is valued •! Success is celebrated •! Failure is shared learning •! Reinvestment is
expected •! Openness is
fundamental
Downtown Austin Alliance
©CFAR 2013 30
Think about...
•! A long time horizon
•! What is the branded “Austin experience”?
•! The 4 key institutional roles
•! If Amsterdam’s number is 33/33/33, then what should Austin’s be?
•! A Place to live, work, play, shop, learn
Downtown Austin Alliance
©CFAR 2013 31
And what are your thoughts…
What are one or two pieces of advice or ideas about developing an innovation cluster in Austin that you want to share with the task force that will be working on it?
Downtown Austin Alliance
©CFAR 2013 32
Thank you!