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Leading Regional Transformation Change Through Innovation - Michael Thissen

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The University of Southern Indiana (USI) is the lead convener in a regional initiative to drive transformational change in Southwest Indiana. This initiative is centered on the recent construction of a segment of Interstate 69 and aims to foster the establishment of an Innovation Corridor from Evansville to Crane in Southwest Indiana. The vision is to develop a culture and environment that uses innovation to transform and sustain the dynamism of the regional economy. A consortium of over 200 stakeholders has been engaged in developing strategies to increase the region’s innovation index by 20% by 2025.

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Leading Regional Transformation Change Through Innovation - Michael Thissen

  1. 1. Leading Regional Transformation Change Through Innovation
  2. 2. Thought Leadership Capital Initiatives Regional Business and Stakeholders LEDO/REDO Civil I-69 Executive Committee I & E Networks Civic Collaborations Quality Connected Places I-69 Innovation Corridor Branding & Marketing Products, Projects And Processes Brain Power • STRIVE Network • Higher Ed. Pipeline • Events • Programs • Youth Think Tank • Business and Professional Exchange • TCA • Tech on Tap • Co-working Space • Virtual Accelerator Ecosystem • Online Community • Kauffman Ventures • Elevate Ventures • Crane • BridgeLink • Hoosier Voices • MidState Connector • IMCP • Community Exchanges • Council of Elected Officials • LEDO Roundtable • Interchange Inventory • Shovel Ready • Site Development • Physical Rural Innovation Center • Branding Focus Groups • Website Development • “Telling our Story” • “We Innovate Here” Campaign • Programs & Curricula • Partnerships • Marketing
  3. 3. Drivers of Regional Economic Success INDUSTRY CLUSTERS REGIONAL SPECIALIZATION OF ECONOMIC ACTIVITY REGIONAL ADAPTIVE CAPACITY INNOVATION ECONOMIC DYNAMISM & QUALITY OF LIFE HUBS CATALYSTS OF CHANGE Social & Cultural Trends Technology Random Events Globalization
  4. 4. Population, Employment, and Personal Income Trends: Evansville MSA Compared to the U.S. 1970-2011 From 1970 to 2011, population in the Evansville MSA grew by 20 % compared to 53 % for the United States. • From 1970 to 2011, employment in the Evansville MSA grew by 56 % compared to 93 % for the United States. From 1970 to 2011, personal income in the Evansville MSA grew by 117 % compared to 168 % for the United States. www.headwaterseconomics.org 180 160 140 120 100 80 60 40 20 0 1970 1970 1971 1972 1973 1974 1975 1976 1977 1978 1979 1980 1981 1981 1982 1983 1984 1985 1986 1987 1988 1989 1990 1991 1992 1992 1993 1994 1995 1996 1997 1998 1999 2000 2001 2002 2003 2003 2004 2005 2006 2007 2008 2009 2010 2011 Index: 1970=100 Population, Evansville MSA - agg Compared to United States Recession Evansville MSA - agg United States 250 200 150 100 50 0 1970 1970 1971 1972 1973 1974 1975 1976 1977 1978 1979 1980 1981 1981 1982 1983 1984 1985 1986 1987 1988 1989 1990 1991 1992 1992 1993 1994 1995 1996 1997 1998 1999 2000 2001 2002 2003 2003 2004 2005 2006 2007 2008 2009 2010 2011 Index: 1970=100 Employment, Evansville MSA - agg Compared to United States Recession Evansville MSA - agg United States 300 250 200 150 100 50 0 1970 1970 1971 1972 1973 1974 1975 1976 1977 1978 1979 1980 1981 1981 1982 1983 1984 1985 1986 1987 1988 1989 1990 1991 1992 1992 1993 1994 1995 1996 1997 1998 1999 2000 2001 2002 2003 2003 2004 2005 2006 2007 2008 2009 2010 2011 Index: 1970=100 Personal Income, Evansville MSA - agg Compared to United States Recession Evansville MSA - agg United States
  5. 5. The Case for Transformational Change • Over the past three decades the I-69 Corridor Region has experienced below average growth in key indicators of economic success (employment, population, and personal income) • The rapid pace of change makes catching up a difficult proposition if the region continues on its existing path • Regions that have outperformed the national economy tend to be characterized by higher levels of innovative capacity • I-69 presents a tremendous opportunity to focus on strengthening the region’s innovative capacity
  6. 6. Human Capital: 30% Innovation Index Components Economic Dynamics: 30% Productivity and Employment: 30% Economic Well-Being: 10%
  7. 7. Innovation Index (U.S. = 100) I-69 Corridor Region 86.3 Boise, ID 110.5 Indianapolis, IN 97.1 Kansas City, MO-KS 95.5 Knoxville, TN 91.3 Portland, OR 112.8 San Jose-Sunnyvale-Santa Clara, CA 125.1
  8. 8. “I don’t know what I don’t know.” “What questions should I ask? “I don’t have time to go to college” “Where do I go to find an investor?” “How do I get an investor to invest?” “How do I get this product made?” “Will this work?” “Should I patent this?” “My idea is worth millions.”
  9. 9. Networking Events & Spaces Prototyping Technical Mentors Feedback Education Leaders & Feeders
  10. 10. Co-Working Space Pitch Practice New, Tech, and Growth Venture Tech on Tap Javas Jumpstart Shared Contacts
  11. 11. Makerspace Virtual Accelerator Technology Commercialization Academy Online Community Access to Legacy Companies
  12. 12. Our vision is that we will be an education village environment that fosters a knowledge based, innovation economy. Strategy 1: A progressive education system that develops individuals that are flexible, adaptable, willing to take risks, and easily mobilized; Strategy 2: Developing world-class educators through innovative teacher education degree programs and professional development programs and/or centers; Strategy 3: An innovative curriculum with full integration of students, families, educational systems, regional institutions, organizations, and business.
  13. 13. Brainpower Task Force Partnerships Marketing Programs & Curricula Team Leader: Michael Thissen Team Leaders: Chris Kinnett Daniela Vidal Team Leaders: De Brown Makenzie Coulter Proposed Ideas and Activities Approvals for Marketing Evaluation / Assessment
  14. 14. "The Brainpower long term goal is to advance our next generation regional workforce by encouraging lifelong learning and achieving 60% attainment in post-secondary degrees & high quality credentials by the year 2025."
  15. 15. Question and Answer

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