C O I Overview

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Center of Innovation Overview

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  • GA economic engine is focusing on strategic industries as identified by the Commission for a New Georgia These strategic industry’s have changing technology issues which are changing faster than ever before Innovation – that is thriving on this technological change that produce new products and services - will keep GA competitive The term innovation means a new way of doing something. It may refer to incremental, radical, and revolutionary changes in thinking, products, processes, or organizations. (Wikipedia)
  • C O I Overview

    1. 1. Innovation:  The Engine of Future Economic Growth <br />
    2. 2. A new model for <br />Economic Development<br />A comprehensive environment for <br />advancing global<br />competitiveness<br />for Georgia’s <br />businesses<br />
    3. 3. Economic Development …What’s Going on?<br />Traditional Growth Challenged by:<br /><ul><li>Global Competition
    4. 4. Economy Fluctuations
    5. 5. Technology Changes</li></li></ul><li>Innovation – Growing Georgia’s Economy<br />Innovation based product and service growth offers a never ending replenishment of sustainable economic growth <br />Produces continuingly increasing new products and services – increased momentum and global competiveness <br />
    6. 6. Innovation …“Failing Fast” <br /><ul><li>Commercialization Focus
    7. 7. Produces a “pipeline” of potential jobs and investment for the future
    8. 8. minimal investments while pushing potential winners</li></ul>Economic Impact- <br />Jobs/Investment <br />Failure is an inevitable part of the innovation process, ..... <br />The Theory of Economic Development. Cambridge, MA: Harvard University Press <br />
    9. 9. Strategic Industries<br />Aerospace <br />Agriculture <br />Manufacturing<br />Energy <br />Life Sciences <br />Logistics <br />Industries with <br />Highest Economic Impact, <br />GA Advantage and the <br />Greatest Potential for Future Growth<br />
    10. 10. Strategic Industry Impact in GA<br />employment US Rank Economic Impact<br />Aerospace 80K 8th $5. 6 Billion <br />Agriculture 389K 12th $58.5 Billion<br />Manufacturing 430K (non-AG) 11th $43 Billion <br />Life Sciences 15K 7th $7.8 Billion <br />Logistics 810K #2 Transportation $550 B Dir. Rev.<br />#3 Seaport, #7 Rail <br />
    11. 11. Centers of Innovation<br /><ul><li>Deep Industry Expertise for Strategic Industries –
    12. 12. Industry Marketing for all Georgia
    13. 13. Market & Technical knowledge
    14. 14. Connections to ..
    15. 15. R&D – University & Other
    16. 16. Market Expertise
    17. 17. Business Connections</li></ul>ManufacturingGainesville<br />EnergyAtlanta<br />Life SciencesAugusta<br />AerospaceWarner Robins/Eastman<br />LogisticsSavannah<br />AgricultureTifton<br />www.georgiainnovation.org<br />
    18. 18. Strategic Partners<br />
    19. 19. A new tool for advancing Georgia economic impact by leveraging the profiles of more than 500 leading research faculty at eight Georgia public and private research universities enhancing the potential for collaboration across disciplines and universities by allowing industry to find experts, research centers, and projects with commercial potential. <br />
    20. 20. 460<br />Top Faculty in Patents, Awards & Publications<br />FEED  FUEL  HEAL THE WORLD<br /> 8 <br />Research Universities<br />303<br />Patented Bio-Research Properties<br />ONE <br /> HIGH-POWER SEARCH SOURCE<br />
    21. 21.
    22. 22.
    23. 23. Georgia’s “Unfair Advantages”- Existing Strengths<br />Global Access<br />Location<br />Corporate HQs & Fortune 500 Offices<br />Quality of Life<br />
    24. 24. - Innovative Programs & Partnerships<br />Georgia Centers of Innovation<br />Innovation & Technology Office<br />GRA<br />ATDC<br />
    25. 25. Focus on Technology Innovation in Ga’s Strategic Industries Produce Results <br />Suniva (solar cells) - Range Fuels (Pine Tree Ethanol)<br />Deep Organic - European Growth Company <br />Savannah Port Growth #1 in the USA Growth - 466% <br />GA’s Life Science Incubator one of the top five places in the U.S. for Biotech startups <br />Continued Focus is Required to Ensure Georgia’s Global Competitiveness<br />
    26. 26. Competitive in a GlobalMarketplace<br />Leverage existing strengths<br />Focus on the Strategic Industries<br />Develop and grow innovative programs &<br />partnerships<br />
    27. 27. Innovation… failing fast <br />18<br />Failure is an inevitable part of the innovation process, ..... <br />The Theory of Economic Development. Cambridge, MA: Harvard University Press <br />

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