Ecosystem draft final
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Ecosystem draft final Presentation Transcript

  • 1. Innovation Ecosystems Steve ThomasVice President Unified Development Inc. (Unidev) President Missouri Venture Forum
  • 2. Innovation EcosystemsThoughts to Share TonightWhat does an Innovation Ecosystem look like?What are the underlying structures in place?Who should be the players?What is needed for it’s development and sustainability?
  • 3. How do we go from cash worries….
  • 4. …. to having money growing out of our ears?
  • 5. Innovation Ecosystems Two Primary Sources:A Framework for Discussing Industry Clusters and Innovation Ecosystems Ken Harrington, Managing Director Skandalaris Center for Entrepreneurial Studies at Washington University St. LouisSurvey of Regional Entrepreneurial Activity May 2012 Dr. Mac McKinney and Dr. Gary Renz, Webster University George Herbert Walker School of Business
  • 6. Innovation Ecosystems • Lack of awareness and relationships constrain innovation • Industry clusters need to be intentionally designed • Supports wide-ranging economic and social growth • Four essential group for each industry cluster – Two Social Groups – relate to people and how they interact • Culture Group • Institution Group – Two Economic Innovation Groups – relate to investments in funding and assets. • Resource Group • Facilities GroupA Framework for Discussing Industry Clusters and Innovation EcosystemsKen Harrington, Managing Director Skandalaris Center for Entrepreneurial Studies at Washington University St. Louis
  • 7. Innovation Ecosystems Two Social Groups – relate to people and how they interact Culture Group encompasses informal and formal community-wide factors like associations, collaboration events, community knowledge, media messages, education (workforce), mentoring support, and other social network factors. The culture group also includes more personal items like friendships, motivations and values, perceived future rewards or losses, past experiences, recognition, and other factors.A Framework for Discussing Industry Clusters and Innovation EcosystemsKen Harrington, Managing Director Skandalaris Center for Entrepreneurial Studies at Washington University St. Louis
  • 8. Innovation Ecosystems Two Social Groups – relate to people and how they interact Institution Group includes items that determine the amount of time and effort that is needed to establish relationships between interested stakeholders once they begin working together. It includes things like undocumented agreements, idea disclosure formalities, employment agreements, company policies and procedures, contracts, investment terms, wealth sharing agreements, property rights (IP), conflicts of interest, who takes credit for accomplishments, and similar things.A Framework for Discussing Industry Clusters and Innovation EcosystemsKen Harrington, Managing Director Skandalaris Center for Entrepreneurial Studies at Washington University St. Louis
  • 9. Innovation Ecosystems Two Economic Innovation Groups – relate to investments in funding and assets. Resource Group supports both ventures and social factor programs. The first is support for discovery or starting a new venture. It includes research funding, Proof of Concept (POC) funding, prototyping, entrepreneur salaries, legal and IP support, post POC funding, funding for expert consultants and service providers, websites, administrative expenses, and the like. The second is funding for entrepreneur development (people) activities and the social innovation factors described above.A Framework for Discussing Industry Clusters and Innovation EcosystemsKen Harrington, Managing Director Skandalaris Center for Entrepreneurial Studies at Washington University St. Louis
  • 10. Innovation Ecosystems Two Economic Innovation Groups – relate to investments in funding and assets. Facilities Group is most often capital expenditures. These frequently require large up front investments. They include buildings, lab facilities, research equipment, office space, infrastructure, and similar items. Shared facilities like incubators and accelerator labs can serve this need for early stage ventures.A Framework for Discussing Industry Clusters and Innovation EcosystemsKen Harrington, Managing Director Skandalaris Center for Entrepreneurial Studies at Washington University St. Louis
  • 11. Innovation Ecosystems Community CULTURE Facilities Facilities Innovation Structure Structure INSTITUTION Resources and CapitalA Framework for Discussing Industry Clusters and Innovation EcosystemsKen Harrington, Managing Director Skandalaris Center for Entrepreneurial Studies at Washington University St. Louis
  • 12. Innovation Environment and Industry ClustersSurvey May 2012Dr. Mac McKinney and Dr. Gary Renz,Webster University George Herbert Walker School of Business
  • 13. Innovation Ecosystems Champions watch over an ecosystem and serve as an energy source as well as a connector for stakeholders. Champions: o Listen to and understand entrepreneurs’ needs o Engage stakeholders and help them define roles within the ecosystem o Inform community leader and ask for support in the form of resources, community messaging, and affirmation o Are motivated most by ecosystem success and not personal gain o Collaborate with one another to uncover innovation opportunities between clusters and ecosystems o Connect and inform stakeholders using virtual and face-to-face social networks • Champions often spin-off new ecosystems by recruiting and supporting new championsA Framework for Discussing Industry Clusters and Innovation EcosystemsKen Harrington, Managing Director Skandalaris Center for Entrepreneurial Studies at Washington University St. Louis
  • 14. Champions
  • 15. Thank You! Steve ThomasSteve.Thomas@Unidev.com