Innovation:

The Engine of Future Economic Growth

Idea Technology

ValidationMarket Trials

Business Model Validation

Scaling Growth

Centers of Innovation exist to create a new model for Economic

Development …

connecting Industry expertise to University R&D, and

other GA resources to high growth potential companies

commercializing new Products, Services & Processes….

leveraging “intellectual & knowledge capital” for economic growth

Economic Impact-

Jobs/Investment

Strategic Industries Impact

430,000 employed

11th In US

$43B

Revenue

120,000 employed

# 2 transportation

#3 Seaport

$15B

Revenue

15,000 employed

7th

$7.8B

Revenue

389,000

employed

12th in US

$58.5B

Revenue

83,000

employed

8th in US

$9.6B

Revenue

67,000employed

$4B

Revenue

Growth Stage

4

Company Growth

Large Mature

e.g. Coke/Home

Depot/UPS NCR

Small /

Innovation

Stage

Traditional Economic

Development focus

Agriculture

Tifton

Manufacturing

Gainesville

Life Sciences

Augusta

Logistics

Savannah

Aerospace

Eastman

Energy

Atlanta

Deep Industry Expertise &

Leadership for Strategic

Industries –

Industry Marketing for all

Georgia

Market & Technical knowledge

Connections to ..

R&D – University & Other

Market Expertise

Business Connections

Centers of Innovation

Strategic Partners

Key Measurements

Active

Projects

$$$

Potential

Invest

Potential

Jobs

Transi-

tions

Clients

Assisted

Visits/

New

Contacts

Industry

Invest

Assisted ($)

Jobs

Assisted

(#)

Industry

Investments

Assisted (#)

FY 2010 (Q2) 148 5,913K 10,832 21 1269 1008` 1,770K 1965 16

Activities GDEcD Support Innovation Pipeline

Statewide Impact

• Projects are well

distributed around the

state

• 19 counties without

GDED announcements

have Active COI projects

in process

Innovation Project

Concentration

• Generally projects seem to be

more concentrated where our COI

is located

• More concentration in major

population centers

• Aerospace decrease in

concentration from Oct?

• Energy and AG are more

distributed than other industries

July- Dec 2009

A new tool for advancing

Georgia economic impact by

leveraging the profiles of more

than 500 leading research

faculty at eight Georgia public

and private research

universities enhancing the

potential for collaboration

across disciplines and

universities by allowing

industry to find experts,

research centers, and projects

with commercial potential.

Research Universities8

Patented Bio-Research Properties303

Top Faculty in Patents, Awards & Publications500+

HIGH-POWER SEARCH SOURCEONE

Innovation Grants

• Matching funds –

– University/College Research &

Activities

• Commercialization focus –

– new products and services

• Requires support from the Center of

Innovation Director

Leadership

Nick Fuhrman

John Zegers

Donnie Smith

Stacy Shuker

Phd.

Page Siplon

Jill Stuckey

www.georgiainnovation.org

Industry expertise

Industry

expertise

– Range Fuels – Diamond Energy (Pine

Tree Ethanol)

– Deep Organic - European Growth

Company

– Savannah Port Growth #1 in the USA

Growth - 466%

– GA’s Life Science Incubator one of

the top five places in the U.S. for

Biotech startups

Focus to Ensure Georgia’s Global Competitiveness