3. #UEDASummit
Lightening Round
• Lightning Rounds will occur in groups of three
• Those presenters will have 5 minutes to showcase their
projects, with no Q&A immediately following.
• At the end of our session, time will likely permit for questions
from our audience and we’ll take questions of all lightning round
participants at that time.
• Presentations will occur as outlined on the Lightning Round
brochure on each of your tables.
6. #UEDASummit
Financial Report
• 990 was filed in September 2018.
• Realized a record positive net income of $11,874 for 2017.
• 2018 expectation is to break even or have a modest net income.
2013 2014 2015 2016 2017
Revenue $237,012 $258,046 $238,922 $306,490 $263,202
Expenses $238,690 $214,029 $282,498 $256,146 $251,328
Net
Income $(1,678) $44,017 $(43,576) $50,344 $11,874
9. UGA-BI partnership
• Initially, strong research
connections through a single
college
• Next, expanded touchpoints
across UGA to meet broader
needs
• Currently exploring new models
of collaboration to address BI’s
evolving business and aggressive
innovation goals
10. • Research fact
• Bullet point
Georgia Animal Health Hackathon
• A collaborative UGA-BI effort
• A diverse, interdisciplinary group of participants
• 13 teams with creative solutions to real-world
problems
11. Impact beyond the event
• Hackathon teams pursuing patents
and new businesses
• Deeper connections for UGA-BI
• New partnerships throughout the
local innovation ecosystem
13. Entrepreneurially Minded Dissertation Model: Student Driven
Research
Student-centric model:
Student proposes project
• Writes their own grants to fund project
• Working on real-world project towards
commercialization
Driven entirely by student
Faculty advisor is a mentor who
provides guidance on the process
Bridging the gap between traditional
research and entrepreneurship
Leveraging economic development
resources
Faculty Advisor PhD Student
Knowledge Flows in Both Directions
14. Universities, Startups, and Economic Development:
An Ecosystem that Powers the Change Engine
Talent
Innovation
Place
15. REGIONAL INNOVATION
LIGHTS
Leveraging the Maker Economy
through Regional Multi-
University Partnerships
OHIO UNIVERSITY | LIGHTSREGIONAL INNOVATION | APPALACHIAN REGIONAL COMMISSION
LIGHTS REGIONAL INNOVATION NETWORK
16. HOW TO U S E
THEIR HANDS
P EO P L E I N O U R
R EG I O N KN O W
APPALACHIAN REGIONAL COMMISSION | POWER INITIATIVE| OHIO UNIVERSITYOHIO UNIVERSITY | LIGHTSREGIONAL INNOVATION | APPALACHIAN REGIONAL COMMISSION
17. PEOPLEIN OUR REGION KNOW
HOW TO U S E
THEIRHANDS
BUT THE SKILLS
REM AIN
THIS POWER PLANT IS
GONE
APPALACHIAN REGIONAL COMMISSION | POWER INITIATIVE| OHIO UNIVERSITYOHIO UNIVERSITY | LIGHTSREGIONAL INNOVATION | APPALACHIAN REGIONAL COMMISSION
18. NEW INNOVATION
OHIO UNIVERSITY | LIGHTSREGIONAL INNOVATION | APPALACHIAN REGIONAL COMMISSION
N O W , W E P R O V I D E
S P A C E S F O R
LIGHTS REGIONAL INNOVATION NETWORK
19. SERVICE AREA IDEA Lab at Zane State College
Robert C. Byrd Institute for Advanced Manufacturing -
Marshall University
Somerset Innovation Gateway
Hocking College + ACEnet
Athens MakerSpace + Ohio University
Innovation Center
Marietta: BB2C Epicenter - Youth and
Entrepreneurial Development Center
Portsmouth: Shawnee State University
Kricker Innovation Hub
Lawrence County Innovation Gateway
Ohio University Southern
20. LIGHTS REGIONAL INNOVATION NETWORK
INNOVATION GATEWAY CONCEPT
F IND YOUR PATHWAY
Access to
alternative
education +
skills
development
Access
to making
equipment +
expertise
Access
to business +
prototype
development
assistance
OHIO UNIVERSITY | LIGHTSREGIONAL INNOVATION | APPALACHIAN REGIONAL COMMISSION
21. DISRUPTI VE ECONOM I C DEVELOPM ENT
LIGHTS REGIONAL INNOVATION NETWORK
There are things you
cannot change. . .
22. DISRUPTIVE ECONOMIC DEVELOPMENT
Focus on strengths – "making" - part of the
region's heritage
Look beyond traditional intellectual property
as generator of product-based businesses
"Open" economic development - rely on
entrepreneurs versus site selectors for the
next big economic win
OHIO UNIVERSITY | LIGHTSREGIONAL INNOVATION | APPALACHIAN REGIONAL COMMISSION
LIGHTS REGIONAL INNOVATION NETWORK
24. EMBRACING ROLE AS ANCHOR INSTITUTIONS
The movement towards Innovation
Districts
Economic, physical, & networking assets
Contributing to positive Town, Gown, &
Regional partnerships
OHIO UNIVERSITY | LIGHTSREGIONAL INNOVATION | APPALACHIAN REGIONAL COMMISSION
LIGHTSREGIONAL INNOVATION NETWORK
25. LIGHTS PROGRAM ACCOMPLISHMENTS TODATE
(OCT2016 - JUNE 2018)
Assisted 95 startup clients and existing
businesses employing 133 individuals with total
annualized wages of $2.83 million.
Those companies realized revenues in excess
of $50.9 million and raised over $21 million in
private investment.
The program hosted eight major
entrepreneurship events with 2600+ participants.
OHIO UNIVERSITY | LIGHTSREGIONAL INNOVATION | APPALACHIAN REGIONAL COMMISSION
61. Engagement Through Economic Development
Important to the Federal, State & Local Mission
Important to the Research Mission
Important for Lehigh’s reputation and visibility
Important for Students and Faculty….
73. Plastic Pollution: A global threat
• Consumers and communities seeking
reliable information and workable solutions
• Industry struggling to meet the challenge
within their business framework
74. A Holistic Approach to Sustainable Growth
Advanced
Polymers, Fibers &
Coatings
Circular Materials
Management
Technology
Development &
Implementation
75. Partnering for Broader,
Sustainable Impact
• Innovating across the lifecycle
• Testing and standards development
• Waste management systems– locally and globally
• Small companies driving novel technologies
• Large industries seeking new material platforms
• Working WITH industry:
• Solutions that are scalable and affordable
• Products that meet performance targets with
data-tested claims
• Training the next generation of engineers
and scientists
76.
77.
78. • Addressing Critical Healthcare Needs
• Job Creation
• Reskilling Incumbent Workers
• Apprenticeship Programs
• Scholarships
• Masters in Healthcare Management
• College Access
Outcomes
• Approximately 85 jobs created with an economic
impact of an estimated $2.9 million
• Investment of $200 million over a period of 5 years
Impact
Make a triangle out of this to include economic development
UEDA Logo
UEDA Logo
This is THE WHAT
UEDA Logo
“the problem” of ecodevo for rural: hard to “attract”, limits of “expand”, and often losing battle of “retain”, plus “entrepreneurship” isn’t ‘sticky’
OPPORTUNITY
Lucinda Mary Athieno
Schoolgirls Busoga Region Uganda16 June 2018
Pic: White House entrepreneurship presentation 11 May 2015
http://sheinspiresher.com/meet_entrepreneurs/ceo-and-founder-of-eco-pads-uganda/
OPPORTUNITY
Job and revenue potential
– art therapy positions
- artist in residence
- behavioral health training/interns
- scalability via Creative Abundance.
20-year-old social enterprise engaging individuals with developmental disabilities in artistic endeavors
Major community engagement and identification
Expanding sales and replication of concept; NFP Guidestart gold
WHAT IS THE ROLE OF ACADEME?
BACKGROUND ON STATS: The social sector (comprised of nonprofits, philanthropic organizations, and both nonprofit and for-profit social enterprises) is the third largest US industry, generating over 5.4% of GDP, more than $900B economic activity, over 10% of private sector jobs, and growing at a rate faster than the US economy as a whole. There are over 69,000 nonprofit organizations in Ohio and West Virginia, employing over 551,000 workers, representing nearly 12% of each state’s workforce, and generating revenues in excess of $96B. The social sector’s contribution to economic diversification and restructuring is profound. Based on the U.S. Commerce Department’s Bureau of Economic Analysis 2018 first quarter results, the gross output of education, health and social assistance industries increased to $2,860 billion, constituting nearly 10 percent of GDP growth over this period. New social enterprise development exceeds rates of traditional startups.
Bureau of Economic Analysis (2018); Salaman, L.M. Sokolowski, S. W., and Geller, S. L. (2012) Holding the Fort: Nonprofit Employment During a Decade of Turmoil. Johns Hopkins University; and McKeever, B. S. (2015).
Salaman, L.M. Sokolowski, S. W., and Geller, S. L.; National Center for Charitable Statistics (2013) Number of Registered Nonprofits by State and State Profiles (based on IRS Business Master File).
Bureau of Economic Analysis (2018)
Economic development specialists: Need synergistic communications with the social sector
Universities enable and empower these connections and conversations that can keep local money local and build resilience – their success helps U’s with
Livable community
Workforce
Solve major problems – social determinents of economic
“dynamism”
As long as you have more starts than closes, it’s a “negative dynamism.”
Social enterpirses are place-based and sticky. Derive value from rootedness of current community. Challenge is generating the return. Many models – successful enterprise in one community – replication is a way to grow. No $100M in sales from 1 town, but maybe $100M from 20-30 towns, in which the social impact scales. Franchise opportunity for innovators who work it out.
COMMUNITY based economic development begins with the community
Social enterprise is community base deliver community value, and if successful can do the same elsewhere
“Help create a national model” success for founders/investors
Growing economies from the ground up