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KSA Annual Meeting - March 8, 2012
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KSA Annual Meeting - March 8, 2012


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Presentation given to the Kendall Square Association on community and job growth.

Presentation given to the Kendall Square Association on community and job growth.

Published in: Economy & Finance, Business

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  • 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
  • 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: National Center for Higher Education Management Systems (NCHEMS): Board:
  • 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.
  • 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.
  • 12. What makes Kendall Square so potent? ● Talent ● Investment ● Density, density, density ○ Leads to collaboration, community
  • 13. Density
  • 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 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:; on Biogen Idec:; MIT News on Bob Langer: