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UEDA Annual Summit 2016: A Case Study; Community Collaboration

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UEDA Annual Summit 2016: A Case Study; Community Collaboration

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UEDA Annual Summit 2016: A Case Study; Community Collaboration

  1. 1. invent.psu.edu
  2. 2. invent.psu.edu Speakers Vern Squier, CCE • President/CEO • Chamber of Business & Industry of Centre County (CBICC) Jeff Fortin, Ph. D. • Associate Vice President for Research, Director of the Office of Industrial Partnerships • The Pennsylvania State University
  3. 3. invent.psu.edu Multi-Year Effort
  4. 4. invent.psu.edu Imbalanced Economy 1998 Employer Data 2012 Employer Data Data from CDT “Business Matters” January 1999 & February 2013
  5. 5. invent.psu.edu Recruitment • Livable wage-paying jobs to compliment the existing economy • Families and residents to the area • Companies, jobs, paychecks Retention • Existing institutions and companies • Young professional and graduates of the university • Talent, ideas and intellectual property Entrepreneurial Development • Capitalize research from University • Inspire business growth and startups • Enhance quality of life as a key economic driver Three Pillars of Economic Development
  6. 6. invent.psu.edu Change/Solidify Mindset
  7. 7. invent.psu.edu Memorandum of Agreement Signed May 1, 2015
  8. 8. invent.psu.edu Invent Penn State “Penn State will be a driver for job creation, economic development and student career success.” Eric Barron, President Penn State University Thematic Areas: • Transforming our ability to promote economic development • Increasing external visibility of our intellectual property • Creating capacity and capability to develop startups and to attract companies • Enhancing an already strong path to student career success Fulfilling our land-grant mission in the 21st century
  9. 9. invent.psu.edu
  10. 10. invent.psu.edu Community Responsibility
  11. 11. invent.psu.edu University Perspective
  12. 12. invent.psu.edu Communication
  13. 13. invent.psu.edu Invent Penn Sate Team Development and Alumni Relations
  14. 14. invent.psu.edu Get Focused Recruitmen t
  15. 15. invent.psu.edu MOA Implementatio n and Impact
  16. 16. invent.psu.edu Ready or not.. Multi-Element response Fortune 100 Major Global Company New business model: product ideas and development through co-creation Requirements • Community of enthusiasts, experts, and designers • University partnership – students, talent, ideas, support • 25,000 ft2 of space for a makerspace Opportunity
  17. 17. invent.psu.edu Ready or not.. Strategic partnerships: Morgan Advanced Materials R&D Center
  18. 18. invent.psu.edu Examples: • Medical Device Company • Fortune 100 Companies
  19. 19. invent.psu.edu Sheri Collins Deputy Secretary for Technology & Innovation PA Department of Community and Economic Development “…you never know what’s going to happen when a university partners with an Economic Development organization…this last year has been really exciting to watch from Harrisburg area. A lot of times people will talk about the power of partnership…It’s very easy to talk about it, but the reality is that Penn State is actually doing it.. and they’re doing it with organizations like (CBICC/CCEDP).”
  20. 20. invent.psu.edu Questions? Vern Squier, CCE President/CEO Chamber of Business & Industry of Centre County (CBICC) Jeff Fortin, Ph. D. Associate Vice President for Research, Director of the Office of Industrial Partnerships The Pennsylvania State University
  21. 21. invent.psu.edu

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