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Global Comparatives Christopher Hire. Executive Director Innovation Innovation Cities™.

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Background. <ul><li>2thinknow are Innovation Analysts. </li></ul><ul><li>> In 2006 2thinknow originated the Innovation Cities™ concept. </li></ul><ul><li>> In 2009 162 indicator 256 City Benchmarking Data - Program & Index. </li></ul><ul><li>> Analysis for City Improvement. </li></ul><ul><li>www.innovation-cities.com </li></ul>

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Quick Hits... <ul><li>Problem: </li></ul><ul><li>A Shocking Statistic </li></ul><ul><li>Answers: </li></ul><ul><li>3 Case Studies </li></ul><ul><li>2thinknow View </li></ul><ul><li>7 Key Observations </li></ul><ul><li>3 Big Ideas from 2thinknow </li></ul><ul><li>1 Big Hairy Global Idea </li></ul><ul><li>+1 Suggestion. </li></ul>

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Shocking Statistic. <ul><li>$6.4 bn > $5.4bn </li></ul><ul><li>Toronto (Pop. 2.7M, 5.6M Metro) exports more Information Technology than Australia (Pop. <22M)! </li></ul><ul><li>> Source Austrade & Toronto City Council (2007). For analysis: http://www.2thinknow.com/innovation/2007/howard-punch-card-thinking-rudd-new-technology/139/ </li></ul><ul><li>Interesting: ICT exports (according to Austrade) shrunk 30% from a $7.8 bn in 2000 under John Howard. </li></ul>

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Toronto Tech Peeps. <ul><li>Culture, Canadians similar to Australians. </li></ul><ul><li>A Market Access Advantage proximate to USA </li></ul><ul><li>Cluster of Finance, Telecoms, Aerospace </li></ul><ul><li>More co-operation, less competition. Bigger Pie. </li></ul>

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Karslruhe Kaiserslautern. <ul><li>Small cities . Kaiserslautern Pop. 100,000, Karlsruhe Pop. < 300,000. Germans are aligned culturally in some respects to Australians. Mobile > Karlsruhe public transport won awards. Better connectivity . Green & clean. Institutes & Universities . </li></ul><ul><li>How do our cities compare? </li></ul>

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Bilbao. <ul><li>What difference does 1 (exemplary) art gallery make? Answer: </li></ul><ul><li>€ 220M per annum. </li></ul><ul><li>4,399 jobs. </li></ul><ul><li>€ 29M tax! </li></ul><ul><li>Spain has many problems (not least intermittent separatism). Similar culturally, geographically. </li></ul>> Source Bilbao Guggenheim Museum (2007) Report into Economic Impact

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2thinknow View. <ul><li>In our analysis, we believe there are plenty of ideas . </li></ul><ul><li>2thinknow identify critically - beyond quantity of ideas - is their implementation . Implementation quality is often not approached analytically in Australia. Nor are size of markets & culture adequately considered. </li></ul><ul><li>Also, we MUST remember regional cities & islands . </li></ul><ul><li>Our view is that approaches must be professional, analytical, commercially-sensible and not just ‘me-too’. </li></ul><ul><li>It’s why 2thinknow developed our innovation frameworks. </li></ul>

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7 Key Observations <ul><li>Growing Innovation Cities DO: </li></ul><ul><li>Have Fast Rail connections between cities </li></ul><ul><li>> Frankfurt. Amsterdam. Paris. Lyon. </li></ul><ul><li>Their people are Mobile via Mass Transit in Cities. </li></ul><ul><li>> Hong Kong. Amsterdam. Strasbourg. Even, Boston. </li></ul><ul><li>Enhance Connectivity to compensate for distance. </li></ul><ul><li>> Seoul.Tallinn. Of course, San Francisco. </li></ul>

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… also <ul><li>Welcome Educated Migrants , [no Hairdresser Visas!] </li></ul><ul><li>> Toronto. Amsterdam. Silicon Valley & USA. </li></ul><ul><li>Target Industry Support without fear. Asia does! </li></ul><ul><li>> Shanghai. Beijing. Tokyo. </li></ul><ul><li>Create Regional Specialty Hubs that Export </li></ul><ul><li>> Bordeaux. Stuttgart. Kobe. Wellington [Film]. </li></ul><ul><li>And like China, remember don’t kick home goals . </li></ul><ul><li>> eg. Maintain, don’t destroy local manufacturing. </li></ul>

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3 Big Ideas > 2thinknow <ul><li>There’s a long list. But low-hanging fruit. </li></ul><ul><li>Tax Reform. Don’t reward passive investment (housing and asset bubbles) at the expense of active investment (start-ups). Timely. Capital Gains. </li></ul><ul><li>Regulate duopolies. ACCC. Coles & Woolworths. </li></ul><ul><li>Fund start-ups with subsidised rents, tax rebates for airfares, training and staff - using insurance principles to avoid moral hazard. </li></ul><ul><li>& hey, what happened to Commercial Ready 2.0? </li></ul>

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1 Big Hairy Global Idea. <ul><li>Become the Gateway to Asia. Europe expects it. America asks it. Australia lives in it. </li></ul>

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And maybe <ul><li>Drop the social envy and hoops... don’t consider a grant of $50,000 or less actually worthwhile funding, when domestic markets are simply too small to support a Google, Twitter, Facebook - or indeed any non-niche broad-based company trying to change things. </li></ul>

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Conversational View. <ul><li>Be Confident </li></ul><ul><li>about Australia. </li></ul><ul><li>This is what I keep hearing from Overseas People. </li></ul><ul><li>Stop acting inferior. Or similar. </li></ul>

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28.08.09 Suggestion <ul><li>For all developments, think whether achievable WHEN: </li></ul><ul><li>#NOW </li></ul><ul><li>#2012 </li></ul><ul><li>#2015 </li></ul><ul><li>#2025 </li></ul><ul><li>Insight: Innovation is non-linear. Stand in the future and look back to the past. </li></ul><ul><li>Slides www.slideshare.com/2thinknow </li></ul>All images in this presentation sourced from: Wikimedia Commons, please email talk@2thinknow.com for URLS & authors