2011 Innovation Coalition Legislative Fly-in

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February 16, in Washington, D.C
Understanding the Innovation Coalition, supporting the key elements of the continuum for commercialization and job creation. A Presentation by Matthew Nemerson at the 2011 Fly In to Wash. DC
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More information:
The
Angel Capital Association
Association of University Research Parks
Technology Councils of North America
National Business Incubation Association
National Association of Seed and Venture Funds
State Science and Technology Institute

joined forces on February 16, 2011 to educate the new Congress about innovation.

The 2011 Fly-In began with breakfast on Capitol Hill, where participants will hear from Rep. Steny Hoyer (invited) and other lawmakers.

Lawmakers and their staffs were briefed about the innovation process and why innovation is so important in creating a thriving economy. The afternoon was spent in individual meetings with legislative representatives and their staffs.

A Welcome Reception on Capitol Hill was held at in the afternoon.

The attached presentation was prepared by Matthew Nemerson,
President the Technology Councils of North America trade association (TECNA)
http://www.technologycouncils.org

And President & CEO of the
Connecticut Technology Council
http://www.ct.org

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2011 Innovation Coalition Legislative Fly-in

  1. 1. Innovation Coalition<br />Ecosystem<br />Outcomes<br /><ul><li>Companies
  2. 2. Jobs
  3. 3. Innovation</li></ul>The Innovation Coalition is a collaborative group of innovation-based associations supporting the key elements of the continuum for commercialization and job creation.<br />
  4. 4. Understanding <br />The Innovation Coalition<br />Matthew Nemerson, <br />President the Technology Councils of North America trade association (TECNA)<br />And President & CEO of the <br />Connecticut Technology Council<br />
  5. 5. Why are we here today?<br /><ul><li>A brief background of us
  6. 6. Creating good new jobs & companies
  7. 7. Understanding the “Innovation Eco-system” </li></li></ul><li>A Brief Background<br /><ul><li>Innovation & commercialization creates jobs
  8. 8. People, institutions and patrons need to connect
  9. 9. It happens in cities, regions and states
  10. 10. Sometimes a hard point to make in DC
  11. 11. Synergy and common goals of our groups</li></li></ul><li>The Innovation Continuum<br />Start with a problem to solve or a unique concept<br />Add IP – from business and academia<br />Find unique translational & entrepreneurial leaders<br />Provide adequate risk capital when needed<br />Attract and cement with facilities and human talent<br />Accelerate with policies and connections<br /> Start over again…<br />
  12. 12. Who is <br />The Innovation Coalition<br />Seed and early stage capital…<br />Locations for young firms<br />Resource center for tech based econ dev<br />Regional and state innovation trade associations<br />Seed and early stage capital…<br />Labs and centers near campus…<br />Researchers and scientists…<br />Regional later stage investments<br />
  13. 13. Please explain…<br />
  14. 14. Jobs + <br />Growth<br />
  15. 15. Jobs + <br />Growth<br />
  16. 16. Jobs + <br />Growth<br />
  17. 17. Smaller companies seem to create most jobs…<br />Source: Stanglerand Kedrosky, “Neutralism and Entrepreneurship,” <br />Kauffman Foundation Research Series: Firm Formation and Economic<br />Growth, 2009<br />
  18. 18. But data analysis shows that its is the age which is the true correlation<br />Years in Business<br />Source: Stangler and Kedrosky, “Neutralism and Entrepreneurship,” Kauffman Foundation Research Series: Firm Formation and Economic Growth, 2009<br />
  19. 19. Creating good new jobs & companies<br /><ul><li>95% of net new jobs from young start-ups
  20. 20. Hi % of net new jobs from small % of fast growing firms
  21. 21. Creating high potential new firms is hard
  22. 22. Each regional system is unique – yet similar
  23. 23. Need to create networks and a continuum </li></li></ul><li>Innovation Coalition<br />Ecosystem<br />Outcomes<br /><ul><li>Companies
  24. 24. Jobs
  25. 25. Innovation</li></ul>The Innovation Coalition is a collaborative group of innovation-based associations supporting the key elements of the continuum for commercialization and job creation.<br />

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