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Akron Global Water Alliance by Robert Anthony

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Akron usa

  1. 1. Life Sciences &Technology Cluster … Where Collaboration Brings Innovation to Life Presented to Turku Science Park- Mr. Sami Uusitalo Prepared by Robert Anthony Date May 2017
  2. 2. Agricultural Feedstock & Chemicals  Agricultural processing  Basic organic chemicals  Ethyl alcohol mfg.  Organic fiber mfg.  Fertilizers  Pesticides and other agricultural chemicals  Medicinal & botanicals  Pharma- ceutical preparations  Diagnostic substances  Biological products Drugs & Pharmaceuticals Medical Devices & Equipment  Laboratory apparatus & furniture  Surgical, medical, dental, ophthalmic & analytical instruments & equipment  Irradiation apparatus & electromedical equipment Hospitals  Specialty hospitals  University medical research hospitals  Clinical research institutions Research, Testing, & Medical Laboratories  Biological research  Commercial medical research  Testing laboratories  Medical laboratories & diagnostic imaging centers Product-Oriented Service -Oriented Bioscience Subsectors
  3. 3. 3 cities in the top 40 Biotech locations in USA State City Rank OH Cleveland-Akron 20 Columbus 22 Cincinnati 28 All three cities rank higher than the 100 city average in Research grant awards in Bio- Sciences $630 Million in NIH Awards #4 in biotechnology industry strength
  4. 4. Company & Capital Formation www.biostart.org www.bioenterprise.com www.techcolumbus.org www.ohiou.edu/biotech www.rgp.org www.ci.akron.oh.us
  5. 5. Ohio Third Frontier Program 10 year, $1.6 billion, 60% funding into Biosciences Commercialization Framework Programmatic Focus
  6. 6. The Funding Process FFF Angel Foundations 3rd Frontier NIH/NSF Angel Groups Strategic Partners VCs
  7. 7. Selected Sources of Investment Growth Capital for Ohio Companies 1. Adena Ventures 2. Akron ArchAngels Network 3. Akron Bioinvestments Fund II 4. Alpha Capital Partners 5. Arboretum Ventures 6. Athenian Ventures 7. Battelle Ventures 8. Blue Chip Venture Company 9. Blue Point Capital 10.Bridge Investment Fund 11.Case Technology Ventures 12.Charter Life Sciences 13.Chrysalis Ventures 14.CID Equity Partners 15.Cincinnati Children's Tomorrow Fund 16.CincyTech Ventures 17.Cleveland Clinic Innovations 18.Core Network 19.Draper Triangle Ventures 20.Early Stage Partners 21.Edgewater Capital 22.Entrepreneurs “E” Fund 23.Everett Partners 25. Foundation Medical Partners 26. Frantz Medical Ventures 27. Glengary Ventures 28. GLIDE Fund 29. iNetwork BioOpportunity 30. Innovation Fund of LCCC 31. Isabella Capital 32. JumpStart 33. Kadima Partners 34. Miami Valley Ventures 35. Morgenthaler Ventures 36. Mutual Capital 37. NCIC Capital 38. NCT Ventures 39. North Coast Angels 40. Oakwood Medical 41. Ohio Tech Angels I, II & III 42. Primus Capital 43. Queen City Angels 44. Radius Ventures 45. Redwood Holdings 46. Reservoir Ventures 47. River Cities Capital Funds 48. Riverside Capital 49. Rivervest Ventures 50. Scius (Spire Capital) 51. Soin International 52. RMS Investments 53. Rocket Ventures 54. Southern Ohio Creates Capital 55. Summit Health Ventures 56. Sycamore Partners 57. Talisman Capital 58. TechColumbus TechGenesis 59. TechColumbus RCF 60. Teton Capital 61. Triathlon Medical Ventures
  8. 8. Northeast Ohio Regional Impact
  9. 9. Akron is the place to be for Life Science & Technology Companies
  10. 10. Life Sciences & Technology Cluster Key Initiatives • Biomedical & Technology Corridor • Heal Ohio℠ Collaborative • Akron USA℠ Brand at tradeshows • Global technology bridge program • Workforce development • Wellness programs • Akron BioInvestments Fund II • Akron Global Water Alliance • Akron Global Business Accelerator
  11. 11. Akron is a City of Invention & Innovation in America’s Heartland
  12. 12. 13 Akron’s Biomedical Corridor and Commercialization Hub
  13. 13. The Biomedical Corridor in Akron… A Hub of Innovation and Opportunity City of Akron Biomedical Corridor Summit Co. ABIA SUMMA CHMCA University Of Akron NEOUCOMAGMC AGBA AGWA KSU Akron Bio Fund Technology Bridges Wellness Heal Ohio
  14. 14. Akron’s Competitive Advantage …. Translates into your “benevants” • The Akron community has a proven history of innovation and transformation • Our community it “tight” • Our community is the portal • You are at the “head of the line” to all that the region offers and “won’t get lost” • It takes a community to grow a company
  15. 15. AKRON’S TECHNOLOGY BRIDGE STRATEGY • Engage with centers of excellence globally that compliment Akron core competencies at the intersection of biomaterials and medicine • Focus traditional economic development activities in support of innovation strategy • Network technology bridge locations to overlap with other existing technology networks • Collaborations currently with 10 countries and 15 cities
  16. 16. Why are we building bridges? • Create a two-way informational networking infrastructure to facilitate cooperation and business-economic development • Increase basic science, R&D and clinical collaborations between Ohio and institutions, researchers and companies globally • Advance work force development, education and training through exchange programs, professional delegations and conferences • Develop an international bridge fund to help early stage companies ready to expand outside of their existing market • Reduce risk
  17. 17. Shared Values • Flat world- never too early for international cooperation • BioScience/BioAgricultural/Cleantech sectors key to a healthy society • Power of “team approach” … a people to people business based on mutual trust with “boots on the ground” • International collaboration is not new for Ohio • Leveraging existing networks is beneficial to both
  18. 18. Flow Diagram Bio-Finland Technology Bridge EU Portal Helsinki, Finland USA Portal Akron, Ohio Soft Landing Zone (Defined by Agreements) Soft Landing Zone (Defined by Agreements) HBSP Radvisor BioOhio REA Inc Networking Bridge R&D BD $$ Qualified Early Stage Company Qualified Early Stage Company R&D -University -Hospital -Labs Bus. Dev. -Company -Consultant $$ -Public -Private Stakeholders City/State Economic Development- fund start up and operations Companies- fund incentive (transaction) based aspects with fees & success sharing R&D -University -Hospital -Labs Bus. Dev. -Company -Consultant $$ -Public -Private
  19. 19. KEY SUCCESS CHARACTERISTICS • IDENTIFY INTERNATIONAL INNOVATION CENTERS THAT MATCH UP WITH AKRON STRATEGY AND ASSETS • AREAS THAT ARE HUNGRY FOR CHANGE • AREAS WILLING TO TAKE A RISK/CAN DO ATTITUDE • AREAS WITH LIMITED BUREAUCRATIC BARRIERS • AREAS WILLING TO INVEST RESOURCES • AREAS THAT HAVE BUSINESS DEVELOPMENT ASSISTANCE STRUCTURES AND NETWORKS IN PLACE
  20. 20. Key Success Factors & Lessons Learned • Define & clarify universal needs • Take the time to build a strong team • Be sure actions are two way • Soft landing zones should be “sticky” • Public-private partnerships needed • Consistency and stability in leadership • “Boots on the ground” make the difference
  21. 21. Akron Global Business Accelerator • One of the top performing technology business incubators in Ohio • Focused on early-stage technology based start- ups in fields such as biomedical, energy, advanced materials, IT, ICE • 250,000 sf of office, lab and light manufacturing space; various support programs also available • Since 2010 assisted client companies secure $179 million in investment, create 864 new high- paying jobs, generate $313 million in sales
  22. 22. Akron BioInvestments Fund II Supporting the Akron Biomedical Technology Corridor • A Community Based Impact Investing Initiative • High Tech-High Impact early stage companies • Global reach with robust selection criteria • 4 step diligence process • $25K Proof of Concept Awards • $250K Rapid Commercialization Awards
  23. 23. Akron Global Water Alliance • Formed to address growing global challenge to manage, treat and distribute clean water • Identifies, validates and commercializes innovative water technology projects and companies by providing business and financial support • Operates in cooperation with other Akron Biomedical Corridor programs • Hosts annual International Water Conference in Akron
  24. 24. The Mission of the Heal Ohio Collaborative is to understand and solve real-life problems in wound healing through the cooperative efforts of research scientists, clinicians, and industry. Founding members of this state-wide organization with global reach are recognized below. Heal Ohio Collaborative
  25. 25. Lifestyles- The Best Health & Wellness Model Prevention.. Early Detection.. Rehabilitation.. Out-Patient Treatment • A multi-dimensional out patient facility that brings together a wide range of clinical and retail oriented health services in an effort to significantly improve the health of the community the center serves • Recognized #1 Hospital Owned Centers in the Nation (again 2008 by Club Industry’s Fitness Business Pro Magazine) Industry Information: www.medicalfitness.org
  26. 26. AKRON’S FUTURE • To continue our legacy as a city that reinvents itself • To accelerate the transition to the knowledge economy • To exploit our foundation clusters by focusing on the intersection of biomaterials and medicine, the Akron Global Water Alliance and to further develop our “soft landing zone” collaborative approach • To continue to be a player in the world economy • To continue to attract world-class technology companies and talent to Akron
  27. 27. Life Sciences & Technology Cluster Entrepreneur In Residence • 43 years diversified health care experience • Domestic and international • SMEs and larger organizations • President REA Incorporated • B.S., M.S., MBA Robert E. Anthony 330-571-0574 ranth44341@aol.com www.akronbiomedicalcorridor.com

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