Welcome to North Texas!

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4 Δεκ 2013 (πριν από 3 χρόνια και 4 μήνες)

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Fourth largest metropolitan area



Fastest growing metropolitan area



Transportation hub



Diverse and educated workforce



Second largest concentration of


high tech workers



Largest number of Fortune 500


companies







High quality of life



Good infrastructure



Robust employment climate



Affordable housing



Mecca for sports, the arts, shopping



Friendly, welcoming community



No individual or state income tax



s

Innovate

North

Texas

Catalyst for Technology Commercialization and Business Innovation

Welcome to North Texas!

Dramatic population growth ahead for North Texas



6.5 MM residents in 2010


3.825 MM workers in the workforce


221,000 high tech workers


Region is growing by 150,000 residents per year


3 MM new residents over next 20 years


9.5 million residents by 2030


Of the 3MM new residents,1.77 MM workers in the workforce


Average wages in North Texas dropped 4% in 10 years


For new residents, low
-
paid service jobs or high
-
paid tech jobs?


Average tech job pays $38K more per year than average private sector job


If things stay the same
-
> 324,000 high tech workers by 2030


Our goal: double the projected number of high tech workers in the region…


… resulting in 427,000 not 324,000 high tech workers


This would add $3.9 billion a year impact on North Texas economy.


1

Requirements for a vibrant innovation ecosystem


Tier One research universities …



… that interact with industry



Specialized business infrastructure



Good climate & quality of life



Entrepreneurship



Risk
-
taking is rewarded








Favorable rules of the game



Knowledge intensity



High quality and mobile work force



Results oriented meritocracy



Open business environment



Collaborative environment


2

Two important books:
Silicon Valley Edge
and
Silicon Valley Fever

How North Texas stacks up

-
Tier One research universities …


-
… that interact with industry


-
Specialized business infrastructure


+
Good climate & quality of life


+
Entrepreneurship


+
Risk
-
taking is rewarded




+
Favorable rules of the game


+
Knowledge intensity


+
High quality and mobile work force


+
Results oriented meritocracy


-
Open business environment


-
Collaborative environment

3

Stakeholders in the Innovation Ecosystem

4









Corporations

Funding
Sources

Universities

Entrepreneurs

The Innovation Ecosystem











Jobs










Commercialization









Product







Development







Funding





Intellectual





Property



Business


Need

5

Department of Commerce


“Universities have long been a critical driver of innovation in the US.


We are
committed to working with university leaders to increase the economic
impact of our nation’s investment in research and development to help drive
economic growth and job creation.”



Secretary of Commerce Gary Locke



“How well America moves ideas out of the research lab and into the
marketplace will determine whether thousands, perhaps millions of good
jobs in high
-
growth industries like clean energy, biotechnology and IT will
be created here in America for the benefit of our workers.”



Assistant Secretary of Commerce for Economic Development John Fernandez





6

A New Paradigm for Economic Development


The Rockefeller Institute

7



Across America, higher education institutions are working to become key
drivers of economic development.




Research and development of new ideas to strengthen the country’s


competitive edge.




Helping to deploy these innovations into commercial use.




Providing knowledge
-
focused services to employers.




Leadership role in the cultural, social, and educational revitalization of


their home communities.




Educating people to succeed in the innovation age.


Georgia Research Alliance


Initiated when Georgia lost MCTC to Austin, TX



Alignment of business, academic and government interests



Focus on Opportunity Creation in three key areas:


Eminent Scholars


Centers of Research Excellence


Commercialization



In 20 years, GRA results:



Generated $2.6 billion in federal and private investment


Increased sponsored research dollars by 250 percent


Recruited 62 world
-
renowned Eminent Scholars in areas of strategic importance


Launched 175 companies


Created 5,500 high tech, high wage jobs



8

What the region lacks in natural resources, boosters make up for in vision!



1841

Dallas was founded.

1850

Dallas beat Farmers’ Branch as county seat.

1858

Galveston was the largest city in Texas, and Dallas was only #17.

1880s

The Dallas Morning News became Texas’ dominant newspaper.

1885

With five major railroad lines, Dallas became a key distribution center.

1901

Dallas boosters started annual trade missions around the Southwest.

1914

Successful campaign to locate new Federal Reserve Bank in Dallas.

1917

Dallas Love Field opened.

1936

Dallas was host city for centennial celebration of Texas’ Independence.

1974

DFW International Airport opened.

2009

Dallas/North Texas became the fastest growing metropolitan area in the U.S.



9

10

Introducing Innovate North Texas


Drive economic development throughout the innovation ecosystem.


Focus on demand
-
driven new technology development.


Facilitate interaction and collaboration among corporations, universities,
entrepreneurs and funding sources.


Educate community at large about innovation.


Represent technology and innovation perspectives to companies interested
in relocating to North Texas.




Corporations

Funding
Sources

INTX

Universities

Entrepreneurs

11

Innovate North Texas


key industry focus

Healthcare


IT Services


Logistics


Energy


Aerospace

12

Innovate North Texas


the first two years


Provide forums to foster cross fertilization for collaboration and technology
transfer.



Education programs


Strategic research briefings


Brainstorming sessions / innovation workshops


Corporation
-
sponsored university programs


Innovation gymnasiums


Commercialization workshops


Demand
-
driven new technology development

13

The INTX Angle: Demand
-
Driven New Technology Development



Going beyond basic venture creation




Bridging the gap between early
-
state development and true


commercialization




Working with corporations across North Texas in six
-
stage


valuation process




Identify technology
-
driven business growth needs




Acquire IP from universities and similar sources




Identify suitable entity to apply further development




Build management team for intermediary business




Arrange funding for additional development




Measure IP against predefined specifications




Sell business to client corporation


QUESTIONS AND COMMENTS?



Innovate

North

Texas

Catalyst for Technology Commercialization and Business Innovation