UEDA Summit 2012: Power in Regionalism, Views from Tennessee (Rolli)

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  • Kingsport Economic Development Board EastmanDomtar Paper Mill Northeast State Community College, 
  • UEDA Summit 2012: Power in Regionalism, Views from Tennessee (Rolli)

    1. 1. Annual Summit October 21 – 24, 2012#UEDASummit
    2. 2. Chuck ShoopmanSummit Committee ChairmanUniversity Economic Development Association #UEDASummit
    3. 3. Alice RolliAssistant Commissioner, StrategyState of Tennessee #UEDASummit
    4. 4. UEDA 2012 ConferencePower in Regionalism, Tennessee Department of Economic & Community Development
    5. 5. Agenda• About the Department & Direction• Universities as Partners in Tennessee’s Economic Development Strategy: – Cluster Strategy – Entrepreneurship – Technology Transfer & Commercialization• Questions
    6. 6. Mission & Vision The Department of Economic & Community Development serves to execute Governor Bill Haslam’s goal to make Tennessee the No. 1 location in the Southeast for high quality jobs.
    7. 7. Top-to-Bottom Review 62 Interviews with stakeholders 297 42 Roundtable Interviews with participants ECD staff 45 Days 878 12ECD investments Interviews with analyzed 16 national experts Pro bono consultants & advisors
    8. 8. Jobs4TN Key Strategies Strategy #2 Strategy #3 Establishing Regional Investing in Innovation “Jobs Base Camps” Strategy #1 Strategy #4Prioritizing Key Clusters & Reducing Business Existing Businesses Regulation Ultimate Goal Tennessee Becomes #1 in the Southeast for High- Quality Jobs
    9. 9. TN Key Clusters Automotive Chemical Products & Plastics Transportation, Logistics, & Distribution Services • Motor Vehicles • Intermediate Chemicals & Gases • Automotive Parts • Packaged Chemical Products • Air & Land Transport • Automotive Components • Other Processed Chemicals • Transportation Arrangement & • Forgings & Stampings • Refractories Warehousing • Flat Glass • Ammunition • Merchandise, Apparel, Accessories, • Production Equipment • Plastic Materials, Resins & Products Food Products, Farm Material & Supplies • Small Vehicles & Trailers • Paints & Allied Products Wholesaling • Tires & Inner Tubes • Synthetic Rubber • Catalog & Mail-order • Carbon Fiber & Advanced Composite • Airports & Bus Terminals • Trucking Terminals Business Services Healthcare Advanced Manufacturing & Energy Technologies • Headquarters • Surgical Instruments & Supplies • Data and Call Centers • Dental Instruments & Supplies • Motors, Generators & Batteries • Financial Services • Medical Devices & Equipment • Refrigeration & Heating Equipment • Online Information Services • Diagnostic Substances • Appliances • Computer Services & Programming • Healthcare Services • Lighting Fixtures & Electrical Parts • Facilities Support Services • Healthcare IT • Turbines & Turbine Generators • Biological and Biotechnology Products • Clean Energy Products • Health Insurance Products • Electric ServicesNote: Only a subset of existing Tennessee companies in each cluster are listed above
    10. 10. Confidential Draft Best Practice PartnershipsChemicals Products & Plastics Automotive
    11. 11. Startup & Tech Transfer Opportunities The Challenge The Opportunity INCITE & LaunchTN• Only 2.5% of R&D in • Innovation Coordination: • Governor Haslam announced a Tennessee is funded by private Identifying synergies between all $50MM new initiative in April industry of Tennessee’s innovation assets 2011: INCITE, LaunchTN & 9 Regional Accelerators were• Tennessee’s patents per • Commercialization: Assisting formed out of that initiative worker are only two-thirds of researchers and companies in the national average commercializing early stage technologies• Only 7 companies were launched in 2010 with • Entrepreneurship: Supporting intellectual property entrepreneurs in all areas of the developed at Tennessee state as they work to launch A Five-Year Initiative research institutions companies to Make Tennessee A National Innovation• Only 28 of 140 licenses from • Early Stage Capital: Helping early Tennessee research stage companies find capital Leader institutions are owned by sources that allow the companies Tennessee-based companies to remain located in Tennessee
    12. 12. DRAFTChallenge & Opportunity ONLY State New Economy Index Rankings Federal R&D Research Top 5 Growth 1999 2002 2007 2010 Institution 2010 Research Michigan 34 22 19 17 Oak Ridge National Lab $1.5 B Vanderbilt $550 M Rhode Island 29 23 15 16 St. Jude $302 M Maryland 11 5 3 3 University of Tennessee $280 M New York 16 11 10 10 Board of Regents $80 M North Dakota 45 47 37 36 Opportunity Top 5 Decline 1999 2002 2007 2010 While Tennessee’s overall index ranking has Tennessee 31 34 36 41 decreased over time, there are many signs that significant opportunity exists including New Mexico 19 25 33 32 the fact that Tennessee ranks: Hawaii 26 38 41 40 #8 in federally funded research Kentucky 39 42 45 44 #15 in entrepreneurial activity Alabama 44 45 46 47 # 23 in healthcare ITSource: Kauffman Foundation / ITIF New Economy Index, 1999-2010 12
    13. 13. DRAFTCommercialization & Venture Capital Data ONLY Technology Transfer & Commercialization Venture Capital Investment (2010-11) Change Select States # Deals $ Invested Key Indicator 2010 from 2006 % Change to 2010 Colorado 186 $1,102,170,100 Total Research $2.5 B + $700 M + 38% Pennsylvania 306 $1,061,876,700 Expenditures Virginia 131 $1,006,491,100 North Carolina 112 $843,270,200 Maryland 148 $697,786,100 U.S. Patents 128 + 51 + 66% Georgia 121 $673,492,000 Issued Florida 90 $518,572,200 Ohio 119 $387,635,900 Indiana 31 $257,896,100 In-State Startups 7 +1 + 16% Missouri 36 $192,648,000 Formed Tennessee 57 $166,977,200 South Carolina 11 $42,738,000 Louisiana 11 $39,814,900 Licensing $10 M - $1.9 M - 16% Kentucky 21 $25,212,900 Revenue Arkansas 2 $5,000,100 Alabama 4 $4,115,000Source: Pricewaterhouse Coopers / Launch Tennessee Research 13
    14. 14. DRAFTLaunchTN Goals & Metrics ONLY Metric 2011 2012 2013 2014 2015 2016 Jobs Created 272 500 750 1,000 1,500 2,000 $ venture capital raised by Tennessee companies $103 $120 $140 $160 $190 $220 ($M) $ venture capital raised by accelerator companies $5 $10 $16 $24 $32 $40 ($M) # startups based on IP from research institutions in 7 12 17 22 22 22 Tennessee # licenses to Tennessee companies from research 42 57 72 87 102 102 institutions in Tennessee # in-state stakeholders touched 1,000 3,000 4,000 5,000 5,000 5,000 # out-of-state stakeholders touched 50 200 300 400 500 600 14
    15. 15. DRAFTRegional Business Accelerators ONLY 9 Regional Accelerators 18+ Colleges & Universities supporting in a variety of ways Accel-Now Northeast TN ETRAC Knoxville, TN Company Lab Chattanooga, TN UC Success Now Upper Cumberland Entrepreneur Center Nashville , TN SMTEC Southern Middle TN Northwest Accelerator • Providing administrative resources & space for Northwest TN accelerators Entrepreneur Development Center • Sourcing mentors via business school alumni networks Southwest TN • Providing dorm rooms for incubator participants Memphis Regional Accelerator • And more… Memphis, TN 15
    16. 16. DRAFTSBIR / STTR Grantwriting Support ONLY• Direct Grant writing Services • Available now! NATION’S BEST CONSULTANT • Highly subsidized for the strongest applicants • Email jill@launchtn.org to apply• Lunch & Learns (schedule available Nov. 2012)• Grantwriting Workshops (schedule available Nov. 2012) Mark Henry CEO, Grow Emerging Companies• Agency-Specific Webinars Assisted with 1,800+ SBIR/STTR proposals (schedule available Nov. 2012) 2x national win rate• SBIR/STTR Resource Website (launching Nov. 2012) 16
    17. 17. DRAFTEarly Signs of Success! ONLY Southeast Entrepreneurship Conference September 12-13, 2013 [Tentative] Nashville, Tennessee Agreements Executed # Licenses and Options 19 Material Transfer 207 Confidentiality 29 Inter-Institutional 3 Disclosures & Patents # Technologies Disclosed 29 U.S. Patents Issued 7 Source: Vanderbilt University Center for Technology Transfer and Commercialization; data year-to-date for FY 2013 17
    18. 18. DRAFTSoutheast Entrepreneurship Conference ONLY Southeast Entrepreneurship Conference June 2013 [Tentative] Nashville, Tennessee ‐ 1,000+ investors, entrepreneurs, mentors and inventors from across the Southeast ‐ Four Tracks: Digital media, healthcare services, medical devices and diagnostics, and technology ‐ Presentations by leading CEOs and venture capital investors from around the country ‐ Concerts at the Ryman Auditorium, Cannery Ballroom and Mercy Lounge featuring Nashville artists – dates fall between CMA Fest & Bonnaroo ‐ Southeast Business Plan Competition 18
    19. 19. QuestionsPower in Regionalism, Tennessee Department of Economic & Community Development
    20. 20. Annual Summit October 21 – 24, 2012#UEDASummit
    21. 21. Bill MichaleryaPresident,University Economic Development Association #UEDASummit
    22. 22. Annual Summit October 21 – 24, 2012#UEDASummit

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