1. Kendall Square Association Annual Meeting March 8, 2012 Tim Rowe Founder and CEO Cambridge Innovation Center
2. At the end of the day,we all have the same priorities healthy kids happy families strong and safe communities
3. The key to this?good and well-paying jobs
4. Where do jobs come from?
5. They are coming from HERE. They are coming from US.
6. Recent research says that innovationand entrepreneurship are the key to job growth.
7. The Importance of Startups in Job Creation and Job Destruction, T. Kane, The Kauffman Foundation, July 2010 http://goo.gl/eMSqe
8. Are we really playingsuch a crucial role?
9. We are #1 in talent TalentMassachusetts:#1 in college graduates- According to the 2010 US Census,Massachusetts leads the nation inbachelor and advanced degrees earned- 54.6% of the Massachusetts adult population has acollege degree, 43% higher the national average.- We have the highest college graduation rate in thecountry, 69.2%Boston area alone:50+ colleges and universities with225,000+ studentsUS Census 2010: http://www.census.gov/compendia/statab/2012/tables/12s0233.pdfThe National Center for Higher Education Management Systems (NCHEMS): http://goo.gl/U1usrCollege Board: http://goo.gl/yrMJkMap: http://goo.gl/FmWlo
10. We are #1 in R&D funding... NIH exampleBuilding New York Citys Innovation Economy, J. Grady and J Bowles, Center for an Urban Future, September 2009. http://www.nycfuture.org/images_pdfs/pdfs/BuildingNYCsInnovationEconomy.pdf
11. We are #1 in venture capital Massachusetts $457/personNVCA 2009 Yearbook. Graphic taken from "Boston Startup Scene" presentation by Jeffrey Bussgang, Flybridge Capital Partners. http://www.slideshare.net/bussgang/boston-startup-scene-picture-presentation-212
12. What makes Kendall Square so potent? ● Talent ● Investment ● Density, density, density ○ Leads to collaboration, community
14. What excites meabout the KSA?We are telling our storyWe are building communityWe are helping design the future of KendallWe are increasing our impact on the world
15. Telling our story The Entrepreneur Walk of Fame2011 Honorees: Bill Gates · Bill Hewlett · Bob Swanson · David Packard · Mitch Kapor · Steve Jobs · Thomas Edison
16. Building CommunityThird Thursdays
17. Designing the Future of KendallWorking with Stakeholders to Identify Good Outcomes For All MIT proposed design for the new center of Kendall Square
18. Impacting the world MIT ● The Kauffman Institute estimates there are 25,800 currently active companies founded by MIT alumni that employ about 3.3 million people and generate annual world revenues of $2 trillion, producing the equivalent of the eleventh-largest economy in the world. A few milestones from just this past month... ● Great Point Energy developed coal gasification technology announced $420 million of investment to take its Kendall Square technology to China. This was the largest Chinese investment ever in a private US company. ● Biogen Idec recognized the value of the innovative therapies for fibrosis and organ failure developed by Stromedix, acquiring it for $562 million on cash and milestone payments ● Local startup Wefunder.com obtained 2,500+ signatures on a petition to change investment laws to enable crowd-funding (IPOs without the paperwork), and it looks likely to pass ● MIT Prof. Bob Langer announced the results of a study implanting a wireless electronic device in the human body for drug delivery--the first ever attempt of this kindMIT Entrepreneurial Impact: The Role of MIT, E. Roberts, C. Eesley, MIT Sloan and the Kauffman Institutte, February 2009.Xconomy on Great Point Energy: http://goo.gl/fube6; Investors.com on Biogen Idec: http://goo.gl/Z5YQFwww.wefunder.com; MIT News on Bob Langer: http://goo.gl/KgjNK