creating a community of innovation: georgia tech’s
TRANSCRIPT
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Creating a Community of Innovation: Georgia Tech’s Technology Square
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Date 24 April 2017
Greg King, Associate Vice President for Economic Development Georgia Institute of Technology
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Innovation District• Innovation and Place:“geographic areas where leading-edge anchor institutions and companies cluster and connect with start-ups, business incubators and accelerators.1 (Brookings Institute)
• Idea Generation and Accelerated Commercialization:“all innovation districts contain economic, physical, and networking assets. When these three assets combine with a supportive, risk-taking culture they create an innovation ecosystem…” (Brookings Institute)
Intentional Community – Innovators learning from Innovators Innovation Infrastructure – places, processes and assets to bring
people together
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Georgia Tech – Industry Focus
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“The creative confidence to bring any idea, whether it be product, environment, service, performance, policy, or business,
to a realization.”
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23,000 14,000Undergraduate
Faculty and Staff including 2,050research faculty and 1,490 instructional faculty.
7,860
9,000Graduate and
Ph.D.
Countries of origin115
41% Female59% Male
Engineering degrees conferred to womenEngineering bachelor degrees conferred to all minority students Engineering doctoral degrees conferred to Asian and African-American students
+
#1
Spring 2016 student population
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in research expenditures last year.
$786 million
in industry-funded research in 2016.
$100+ million
100+Finalists in NSF Engineering Research Center Proposals.
2 new start-ups launched in 2016.
4600+ small businesses supported in Ga.
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“Something is happening in Midtown Atlanta. Georgia Tech’s city-centered
campus has become one of the nation’s leading destinations for corporate research
centers…”
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Growth of an Innovation District
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Innovation infrastructure to bring people together
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Photo: Jared Davis
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Innovation Neighborhood Strategy* Innovation districts that are work-play-live communities adjacent to Georgia Tech
• Grow economic development impact in strategic markets
• Recruit and support large companies in these markets
• Create, scale, and support small companies in these markets
• Ensure ties to signature technologies and research at Georgia Tech
• Facilitate opportunities for experiential learning with students
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Culture of Innovation
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StudentInnovation
Innovation Commercialization
Innovation Incubationand Acceleration
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20Corporate Labs and
Innovation Centers in and around Tech Square
Corporate Innovation Partners
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Corporate Lab and Technology Centers in Tech Square:
• Anthem Innovation Studio • ATDC Fintech Program sponsored by Worldpay• AT&T Foundry• Chick-fil-A Innovation Office• CONA Development & Innovation Lab• Delta Air Lines Hangar Innovation Lab• Emerson “Helix” Innovation Center• Keysight Technologies Software Design Center• NCR Hosted Solutions Lab• Panasonic Innovation Center • Southern Company Energy Innovation Center• Siemens Data Analytics and Applications Center• The Home Depot Technology Center• ThyssenKrupp Research and Innovation Center• UCB Solutions Accelerator
Corporate Lab and Technology Centers a Few Blocks Away:
• Honeywell Software Development Center
• Flex Design Center• Stanley Black & Decker
Digital Accelerator
Corporate Innovation, Technology and Headquarter Locations Nearby:
• Anthem IT Center • Coca-Cola Company• Sage Software• Worldpay U.S.
Headquarterss
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Active Collaboration and Partnerships
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COLLABORATIVE WORKSPACES & INCUBATORS
� Atlanta Tech Village� ATDC � Berthold Building� Collider � Combine� Coca Cola Bridge Program � Flashpoint � Flatiron City� ForgeATL� GCMI (Global Center for
Medical Innovation)� Industrious� Kollective South
� NEX Atlanta� O-Hub� ROAM� Stockyards Atlanta� StrongBox West� Switchyards� T3@Atlantic Station� Techstars� TechSquare Labs
Source: Metro Atlanta Chamber of Commerce
Incubators and Accelerators
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Georgia Tech’s Biltmore Hotel
CODAThe High Performance Computing Center
Growth and Expansion of Tech Sq
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Looking Back - Reminders & Notes:• Definitions inform expectations• Innovation hubs provide opportunities for
innovators to learn from each other.• Networks of community building that would
develop - high value of peer to peer• Onboarding - what is the right level (i.e. how to
be helpful and generate positive movement)• Different from traditional UIP• Different from previous place based connections
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Always Learning…Refining• Community connections beyond just our
campus, involving a broader portfolio partners• Perspectives / POV Often Differ• Corporate operations are unique:
a) different objectives, approaches, and metrics b) different internal innovation and open innovation strategies, c) desire different value from ecosystem and partners…. d) so have to customize each campus-company relationship.
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“Being Ready”…“Talent alone won't make you a success. Neither will being in the right place at the right time, unless you are ready. The most important question is: 'Are your ready?‘ “ (Johnny Carson)
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Questions?
Date 24 April 2017
Greg KingAssociate Vice President for Economic Development Georgia [email protected]