Development in West Virginia

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30 Νοε 2013 (πριν από 3 χρόνια και 8 μήνες)

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Technology Based Economic
Development in West Virginia


Gaps, Strengths and
Recommendations

2008 Create WV Conference

Panelists



John Maher …………...Marshall University



Amy Anastasia………..Marshall University



Keith Pauley…………...MATRIC



Mary Hunt
-
Lieving
-

Benedum Foundation: Moderator

TechConnectWV


501C3 nonprofit



Public, private and institutional members



Facilitate, Advocate and Communicate TBED
in WV



What is a

Technology
-
Based Economy


Intellectual infrastructure


Spillovers of knowledge from


Universities and informal networks


Physical Infrastructure


Technically skilled workforce


Capital


Entrepreneurial Culture


Quality of Life


What is TBED


TECHNOLOGY

TALENT

CAPITAL

Skilled Technical Workforce, Innovators,
Business Development Professionals,
Entrepreneurs and Business Leaders

Pre
-
Seed, Seed, Angel

Venture Capital, Grants

WHAT’S NEEDED TO DO IT WELL

Benefits of a

Technology Based Economy



Commercialized Innovation


Highly Skilled, Highly Paid Workforce


Accessible Technology Infrastructure


More “creative” communities adapting and
embracing change, innovation and diversity



Technology
-
Based Economy


Participation in Global Marketplace


Entrepreneurial Ventures


Regional, National and International
Relevance


WV High Technology Consortium and
North Central WV Tech Corridor



Over 18,000 technology jobs that pay
$53,325 (avg) a year
---


$25K +

more than the state’s per capita income



Make up 9% of the jobs in region and

16% of
all wages
-

tech jobs= better jobs



$
5.5 Billion
Economic Impact

Anderson Economic Group



West Virginia TBED Strengths


Presence of a large
number of nonprofit and
federal research
institutions




National Energy Technology
Laboratory


FBI Criminal Justice
Information Services Division


NASA Independent Verification
and Validation Facility


National Institute for
Occupational Safety and
Health


DoD Biometrics Fusion Center


National Biometrics Security
Project


Rahall Transportation Institute


MU Forensic Science Center


WVHTF


NTTC


West Virginia TBED Strengths



Growing academic research base



Increased focus on tech transfer and
commercialization at MU and WVU



Growing technology sector, particularly in
North Central West Virginia



Strengths (cont.)


Highly productive workforce/strong college graduates


Quality of life that is attractive to many people


Entrepreneurial support infrastructure getting
stronger


Innova


WVU, MU,WVHTF and CAZ Incubators


More opportunities for networking,


Knowledgeable service providers


Increased focus on technology transfer and
commercialization at WVU and MU



WV Technology Strengths


Battelle Analysis


Based on academic and economic indicators


Opportunities for growth


Asset
-
Based

Advanced
Energy and
Energy
-
Related
Technology

Identification,
Security and
Sensing
Technology

Advanced
Materials and
Chemicals

Battelle Report 2007


West Virginia’s Technology Strengths


Molecular
Diagnostics,
Therapeutics and
Targeted Delivery
Systems

CORE COMPENTENCIES TO

TECHNOLOGY PLATFORMS


Battelle Report 2007

How Battelle Identified Platforms

Weaknesses


Comparisons with cohort of similar states


Data
-
driven performance indicators


National indices


Interviews and focus groups: WV
stakeholders

Weaknesses


Small base of technology industry


High tech sectors account for only 14% of WV’s GSP
during the 1997


2004 time period and Level I sectors
account for only 3% of GSP
(WVU, Regional Research Institute
)


Education levels


16.9% of West Virginian’s 25 years or older have
completed a bachelor’s degree compared to 27%
nationally but


The percentage of West Virginia’s holding a high school
degree
increased

from 75% in 1998 to 81.2% in 2005


Lack of entrepreneurial talent


Image of WV is not consistent with a
technology
-
based economy



Weaknesses (cont.)


Perceived and/or real lack of investment
capital


Lack of deal flow


Conservative and risk
-
averse


No significant population centers


No statewide organization focused on
TBED

WV Blueprint for TBED


Under development, in final stages


Addresses both strengths and
weaknesses


Ambitious, yet attainable


Builds on existing efforts


Recommends new systems where needed

Addressing the Weaknesses


Focus efforts on Technology Platforms


Build research expertise in these areas


Focus financial and policy resources


Specific projects/opportunities


Build networks around platforms


Business Development


Find and develop investment capital at all
stages



Technical Assistance



Commercialization Assistance



Entrepreneurial Talent and Workforce
Development


Expatriate recruitment


Entrepreneurial education


Workforce training for tech skills


STEM Education


Community College and Higher Ed

Infrastructure


Physical space


Incubators


Research facilities


Laboratories



Image and Awareness


Publicize


Inform


Celebrate


Tech and entrepreneurial successes

Why TBED in WV?


New Business


Expanded Business


Global Economy


Skilled Jobs


Higher Wages