UEDA Annual Summit - Monday Lunch Keynote - John Pyrovolakis, Founder, Innovation Accelerator
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Lunch Keynote address by Presidential Sponsor John Pyrovolakis, Founder of Innovation Accelerator.
Transcript of UEDA Annual Summit - Monday Lunch Keynote - John Pyrovolakis, Founder, Innovation Accelerator
Mary Frances PostupackPresident,University Economic Development Association
#UEDASummit
THANK YOUKathy Keith &
Camilla Bustamante
Gene MerrellAssociate VP for Economic Development,University of Idaho
John PyrovolakisFounder & CEO,Innovation Accelerator
Innovation Accelerator
The Role of University Economic Development and
Our National Security
The Challenge
Our nation enjoys global economic leadership
But our leadership is being challenged
Our ability to face this challenge is matter of national security
Our Innovation Advantage
Our nation's R&D is still the world's best (by far)
One government agency accounts for more Nobel Prizes than the BRICs
The game changing innovations of our century are all American
Threat our Advantage Faces #1: Increased Competition in Innovation
Europe: Horizon 2020China: Super Particle ColliderIndia: Satellite around MarsWe're not the only game in town
anymore
Threat our Advantage Faces #2: Globalization & State Driven Capitalism
China has a “Strategic Plan”; Picks and Dominates Industries
Case Studies: Solar Panels; Manufacturing
“Free Market”, and “Industrial Policy”
The DNA in our blood won't save usState on Corporate Attacks
Threat our Advantage Faces #3: Complacency and Obsolete Paradigms
MIT & Stanford are the Envy of the Innovation World
But three guys in a garage on Route 128 or the Valley not so scrappy any more
panacea: “free markets”, “industrial policy”, and the innovation in our DNA
Where is Our Nation's Innovation Leadership?
Public innovation leadership is gerrymandered and effete
Private sector interests are not in line with the national defense
There is a dangerous leadership gap, and ideologies to entrench it
Leadership emerging from universities themselves
University Innovation Based Economic DevelopmentBayh Dole IP AssetsThe World's Best R&D, R&D
infrastructureFilling the Widening Valley of
DeathAlignment w Regional Economic
InterestsTTO paradigm shift, VC, and the
emerging Leadership Role
The Innovation Accelerator Can Help
Who Is IA?PPP w.NSFRegional Venture Capital FundiBridgeRepurposing Heritage Manufacturing
Assets
PCAST Quote“Mechanisms such as the NSF-created 501(c)3 Innovation
Accelerator should be expanded nationwide to support startups emerging from Federal advanced manufacturing
research programs.”
REPORT TO THE PRESIDENT ON CAPTURING DOMESTIC COMPETITIVE ADVANTAGE IN
ADVANCED MANUFACTURING
President’s Council of Advisors on Science and Technology, July 2012
PCAST Quote“...Some models designed to build upon innovative
public/private partnerships have created stronger support to enhance the growth of early stage companies
emerging from Federal research funding. For example, [...] the Innovation Accelerator [...] expand(s) resources
to NSF’s award winners. Thus far, Innovation Accelerator has helped to establish a regional seed fund for NSF SBIR
firms and has provided mentoring assistance and aid in leveraging $200 million in investment for these firms...”
President’s Council of Advisors on Science and Technology, July 2012
IA & Universities & EDA
Technology Transfer,Incubation with Federal ResourcesCluster & Manufacturing Campus
DevelopmentEconomic Development &
Innovation Strategy
#UEDASummit
