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The Next American Economy - Connecticut
The Next American Economy - Connecticut
The Next American Economy - Connecticut
The Next American Economy - Connecticut
The Next American Economy - Connecticut
The Next American Economy - Connecticut
The Next American Economy - Connecticut
The Next American Economy - Connecticut
The Next American Economy - Connecticut
The Next American Economy - Connecticut
The Next American Economy - Connecticut
The Next American Economy - Connecticut
The Next American Economy - Connecticut
The Next American Economy - Connecticut
The Next American Economy - Connecticut
The Next American Economy - Connecticut
The Next American Economy - Connecticut
The Next American Economy - Connecticut
The Next American Economy - Connecticut
The Next American Economy - Connecticut
The Next American Economy - Connecticut
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The Next American Economy - Connecticut

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Connecticut’s Economic Strategy & Education’s Role …

Connecticut’s Economic Strategy & Education’s Role

Presentation for the Connecticut Academy of Science and Engineering’s Workforce Alignment Study Committee

Published in: Business, Economy & Finance
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  • 1. BLUEPRINT FOR A REAL RECOVERY THE NEXT Connecticut’s Economic StrategyAMERICAN & Education’s RoleECONOMY Presentation for the Connecticut Academy of Science and Engineering’s Workforce Alignment Study Committee March 14, 2012 AUTHOR OF WHY GM MATTERSWILLIAM J. HOLSTEIN WilliamJHolstein.com
  • 2. WHAT IS AN IDEA FACTORY?
  • 3. WHAT IS AN IDEA FACTORY? It can be a university, research institute, large hospital, national weapons laboratory or a large private sector company. WilliamJHolstein.com
  • 4. WHAT IS AN IDEA FACTORY? It is characterized by: ‣ Sustained Interactions ‣ Both Formal and Informal Between: ‣ Different disciplines ‣ Different cultures, nationalities With A Mix of Basic and Applied Research. Mostly Funded by Government and Corporations. WilliamJHolstein.com
  • 5. HOW DO IDEAS LEAVE THE FACTORY?
  • 6. HOW DO IDEAS LEAVE THE FACTORY? The key is the technology licensing and patenting office. ‣ Under what terms does theterms? allow development on favorable office ‣ Does it facilitate robust exchange of ideas between "inside" and "outside?" ‣ What resources does it possess? WilliamJHolstein.com
  • 7. COMMERCIALIZATION ECOSYSTEM:5 STAGES
  • 8. STAGE 1 START UPSETTINGUNIVERSITYFINANCINGGOV’TANGELSFOUNDATIONSTEAMSCIENTISTS &RESEARCHERSONLY WilliamJHolstein.com
  • 9. STAGE 1 STAGE 2 START UP DEVELOPMENTSETTINGUNIVERSITY INCUBATOR / HALFWAY HOUSEFINANCINGGOV’T GOV’T (SBA)ANGELSFOUNDATIONS LARGE CO’STEAMSCIENTISTS & TEAM GROWS:RESEARCHERS - MARKETINGONLY - FINANCE OTHER KEY INPUTS: - MENTORING - PEER NETWORKING - SKILLED LABOR - NETWORKING MECHANISMS WilliamJHolstein.com
  • 10. STAGE 1 STAGE 2 STAGE 3 START UP DEVELOPMENT MARKET FACINGSETTINGUNIVERSITY INCUBATOR OFFICE / HALFWAY HOUSEFINANCINGGOV’T GOV’T (SBA)ANGELS VENTUREFOUNDATIONS CAPITALISTS LARGE CO’STEAMSCIENTISTS & TEAM GROWS: PROFESSIONALRESEARCHERS - MARKETING CEO MAY BEONLY - FINANCE REQUIRED OTHER KEY INPUTS: - MENTORING - PEER NETWORKING - SKILLED LABOR - NETWORKING MECHANISMS WilliamJHolstein.com
  • 11. STAGE 1 STAGE 2 STAGE 3 STAGE 4 START UP DEVELOPMENT MARKET VALLEY OF FACING DEATHSETTINGUNIVERSITY INCUBATOR OFFICE / HALFWAY HOUSEFINANCINGGOV’T GOV’T (SBA)ANGELS VENTUREFOUNDATIONS CAPITALISTS LARGE CO’STEAMSCIENTISTS & TEAM GROWS: PROFESSIONAL CEO + FULLRESEARCHERS - MARKETING CEO MAY BE FINANCIALONLY - FINANCE REQUIRED TEAM - MANUF. OTHER KEY INPUTS: - LOGISTICS - MENTORING - SALES - INCUBATORS - PEER NETWORKING - NETWORKING MECHANISMS WilliamJHolstein.com
  • 12. STAGE 1 STAGE 2 STAGE 3 STAGE 4 STAGE 5 MARKET FULL VALLEY OF COMMERCIALIZ- START UP DEVELOPMENT FACING DEATH ATIONSETTINGUNIVERSITY INCUBATOR OFFICE / HALFWAY HOUSEFINANCINGGOV’T GOV’T (SBA)ANGELS VENTUREFOUNDATIONS CAPITALISTS LARGE CO’STEAMSCIENTISTS & TEAM GROWS: PROFESSIONAL CEO + FULLRESEARCHERS - MARKETING CEO MAY BE FINANCIALONLY - FINANCE REQUIRED TEAM - MANUF. OTHER KEY INPUTS: - LOGISTICS - MENTORING - SALES - INCUBATORS - PEER NETWORKING - NETWORKING MECHANISMS WilliamJHolstein.com
  • 13. STAGE 1 STAGE 2 STAGE 3 STAGE 4 STAGE 5 MARKET FULL VALLEY OF COMMERCIALIZ- START UP DEVELOPMENT FACING DEATH ATIONSETTINGUNIVERSITY INCUBATOR OFFICE ?? / HALFWAY S? HOUSE APFINANCINGGOV’TANGELS GOV’T (SBA) T VENTURE HE G REFOUNDATIONS CAPITALISTS EA LARGE CO’S HTEAM W ERSCIENTISTS & TEAM GROWS:RESEARCHERS - MARKETING PROFESSIONAL CEO + FULL CEO MAY BE FINANCIALONLY - FINANCE REQUIRED TEAM - MANUF. OTHER KEY INPUTS: - LOGISTICS - MENTORING - SALES - INCUBATORS - PEER NETWORKING - NETWORKING MECHANISMS WilliamJHolstein.com
  • 14. STAGE 1 STAGE 2 STAGE 3 STAGE 4 STAGE 5 MARKET FULL VALLEY OF COMMERCIALIZ- START UP DEVELOPMENT FACING DEATH ATIONSETTINGUNIVERSITY INCUBATOR OFFICE HE / HALFWAY T HOUSE REFINANCINGGOV’TANGELS H EREA GOV’T (SBA) ?? VENTURE W S?FOUNDATIONS AP CAPITALISTS RL LARGE CO’S VETEAMONLY OSCIENTISTS & TEAM GROWS:RESEARCHERS - MARKETING - FINANCE PROFESSIONAL CEO + FULL CEO MAY BE FINANCIAL REQUIRED TEAM - MANUF. OTHER KEY INPUTS: - LOGISTICS - MENTORING - SALES - INCUBATORS - PEER NETWORKING - NETWORKING MECHANISMS WilliamJHolstein.com
  • 15. WHERE ARE THE OVERLAPS If a state or region has too many competing institutions…and too much institutional rigidity… the result is confusion for end-users. Resources are not properly focused…no one program achieves scale. WilliamJHolstein.com
  • 16. WHERE ARE THE OVERLAPS KEY QUESTIONS: ‣ Do government agencies, politicalcenters and universities, institutes, innovation leaders, the private sector have broad agreement on a strategic direction? ‣ …and who does what? WilliamJHolstein.com
  • 17. TRAINING / RETRAINING ECOSYSTEM
  • 18. Companies require specific skills, advise communitycolleges on courses, provide equipment and instructors Workers pay to take appropriate classesCOMMUNITY/TECHNICAL Output COLLEGE SYSTEM Well-trained workers for jobs that exist today and in the future Support from: - Fed / State / Local - Foundations - Student Loans WilliamJHolstein.com
  • 19. DOES EDUCATION FEED THE CLUSTER?
  • 20. DOES EDUCATION FEED THE CLUSTER? Currently, local educational institutions are falling short when it comes to providing these industries with a well-trained workforce to fill highly technical roles: ‣ Aerospace ‣ Biotech/medical devices ‣ Sub-marine related technologies from Groton WilliamJHolstein.com
  • 21. BLUEPRINT FOR A REAL RECOVERY THE NEXTAMERICANECONOMY Available in print and e-reader formats today. AUTHOR OF WHY GM MATTERSWILLIAM J. HOLSTEIN WilliamJHolstein.com

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