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MassTLC 2020 Challenge: A vision for the coming decade

by Christine Nolan on Mar 31, 2010

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Steve O'Leary's presentation at MassTLC's 2010 Annual Meeting: Flipping the Switch from Survival to Growth

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Steve O'Leary's presentation at MassTLC's 2010 Annual Meeting: Flipping the Switch from Survival to Growth

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MassTLC 2020 Challenge: A vision for the coming decade — Presentation Transcript

The MassTLC 2020 Challenge
Looking Ahead to the Next Decade
1

Imagine a State with …
2

Consider this:
155 degree-granting institutions
445,000 enrolled students
1.5 million graduates projected by 2020
3

Imagine a State with …
4

Consider this:
232 Active Venture Capital Firms
348 companies funded with $2.11B in 2009
2nd Largest Venture Capital cluster globally
5
Sources: PricewaterhouseCoopers and Ernst & Young

Imagine a State with …
6

Consider this:
World-Class Companies/ Divisions:
Video
Mobile
Marketing Technology
Infrastructure
Analytics / Workflow
Robotics
Healthcare / Life Sciences
24 of 200 Digital Economy IPOs since 2000
#2 IPO total of all states
7

Imagine a State with …
8

Consider this:
More than 178,000 workers
IT is the second largest employer in the state
Each IT job creates 1.63 incremental jobs
an additional 290,000 positions
9
Source: University of Massachusetts - Donahue Institute

Imagine a State with …
10

Consider this:
#1 Overall Ranking in Each of Four Surveys Conducted (1999-2008)
Remarkable Depth:
#1 in Innovation Capacity
#1 in Knowledge Jobs
#1 in Digital Economy transformation
#2 in Economic Dynamism
#8 in Globalization
11
Source: Ewing Marion Kauffman Foundation

… and a 15 point margin (100 point scale) over the next-ranked state
Bold indicates #1 or #2 subcategory ranking
12
Source: Ewing Marion Kauffman Foundation

Imagine: We are that State!
13

So Why Do We Feel So Much Pain?
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The 2000s Were a Tough Decade…
Massachusetts IT Employment
September 11, 2001
Technology Market Crash
Financial Market Crash
Financial Market Crash
Recession
Recession
15
Offshoring and Outsourcing

… but Consider that the Industrial Revolution Lasted About 200 Years
16

In Historical Context, it’s only the 2nd or 3rd Inning of the Digital Economy Game
17

The 2010s Offer Great Promise for the Digital Economy
The Enabler:
Ubiquitous, Very High Bandwidth Connectivity
The Opportunities:
Accelerated Disruption of Media
Massive Measurement by Connected Devices (Big Data / Analytics)
All Things Mobile
18

Capitalizing on the Promise: Common Enablers in Every Era of Innovation
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Source: Boston History and Innovation Collaborative; John Adams Innovation Institute, 2006

Distilling the Enablers Yields Leadership, Density and Growth
20

Our Challenge to Massachusetts:
100,000
Incremental Digital Economy Jobs by 2020
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Is this Challenge Aggressive?
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100,000 New Jobs Represents a Very Different Trend Line
Massachusetts IT Employment
100,000 New Jobs – Ten Years
100,000 New Jobs – Five Years
23

We Have an “A” Team We Must Play an “A” Game
24

The Payoffs Are Huge
100,000 IT Workers Means
Incremental IT Wages of $8.8 Billion
163,000 Additional New Jobs Created in Massachusetts (263,000 total)
Enterprise Value Gain of $50 billion to $75 Billion
25

We Will Align MassTLC to the Challenge
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MassTLC is Moving in New Directions
27

Clusters
unConferences
Major Programs
Startup Visa Act Endorsement
Communications Initiative
Reviewing Barriers to Hiring

What Constrains Your Growth?challenge@masstlc.org
28

One Last Metaphor – the Snowball
29

The Bigger the Snowball,the More People Come
30

The Challenge is
not just the Number.
It’s the Change.
31

MassTLC 2020 Challenge: A vision for the coming decade

by Christine Nolan on Mar 31, 2010

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MassTLC 2020 Challenge: A vision for the coming decade — Presentation Transcript