Lunch Keynote address by Presidential Sponsor John Pyrovolakis, Founder of Innovation Accelerator.

3. Mary Frances Postupack
President,
University Economic Development Association

6. #UEDASummit

10. THANK YOU
Kathy Keith &
Camilla Bustamante

13. Gene Merrell
Associate VP for Economic Development,
University of Idaho

14. John Pyrovolakis
Founder & CEO,
Innovation Accelerator

15. Innovation
Accelerator
The Role of University
Economic Development and
Our National Security

16. The Challenge
 Our nation enjoys global economic
leadership
 But our leadership is being
challenged
 Our ability to face this challenge is
matter of national security

17. Our Innovation Advantage
 Our nation's R&D is still the world's
best (by far)
 One government agency accounts
for more Nobel Prizes than the BRICs
 The game changing innovations of
our century are all American

18. Threat our Advantage Faces #1:
Increased Competition in Innovation
 Europe: Horizon 2020
 China: Super Particle Collider
 India: Satellite around Mars
 We're not the only game in town
anymore

19. Threat our Advantage Faces #2:
Globalization & State Driven Capitalism
 China has a “Strategic Plan”; Picks
and Dominates Industries
 Case Studies: Solar Panels;
Manufacturing
 “Free Market”, and “Industrial Policy”
 The DNA in our blood won't save us
 State on Corporate Attacks

20. Threat our Advantage Faces #3:
Complacency and Obsolete Paradigms
 MIT & Stanford are the Envy of the
Innovation World
 But three guys in a garage on Route 128
or the Valley not so scrappy any more
 panacea: “free markets”, “industrial
policy”, and the innovation in our DNA

21. Where is Our Nation's
Innovation Leadership?
 Public innovation leadership is
gerrymandered and effete
 Private sector interests are not in line
with the national defense
 There is a dangerous leadership gap,
and ideologies to entrench it
 Leadership emerging from universities
themselves

22. University Innovation Based
Economic Development
 Bayh Dole IP Assets
 The World's Best R&D, R&D
infrastructure
 Filling the Widening Valley of Death
 Alignment w Regional Economic
Interests
 TTO paradigm shift, VC, and the
emerging Leadership Role

23. The Innovation Accelerator Can
Help
Who Is IA?
 PPP w.NSF
 Regional Venture Capital Fund
 iBridge
 Repurposing Heritage Manufacturing
Assets

24. PCAST Quote
“Mechanisms such as the NSF-created 501(c)3 Innovation
Accelerator should be expanded nationwide to support
startups emerging from Federal advanced manufacturing
research programs.”
REPORT TO THE PRESIDENT ON
CAPTURING DOMESTIC COMPETITIVE ADVANTAGE IN
ADVANCED MANUFACTURING
President’s Council of Advisors on Science
and Technology, July 2012

25. PCAST Quote
“...Some models designed to build upon innovative
public/private partnerships have created stronger
support to enhance the growth of early stage companies
emerging from Federal research funding. For example,
[...] the Innovation Accelerator [...] expand(s) resources
to NSF’s award winners. Thus far, Innovation Accelerator
has helped to establish a regional seed fund for NSF SBIR
firms and has provided mentoring assistance and aid in
leveraging $200 million in investment for these firms...”
President’s Council of Advisors on Science
and Technology, July 2012

26. IA & Universities & EDA
 Technology Transfer,
 Incubation with Federal Resources
 Cluster & Manufacturing Campus
Development
 Economic Development &
Innovation Strategy

29. #UEDASummit