Coi Overview Jan 2010
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Centers of Innovation were created to spur economic growth by connecting industry, universities, and other resources in Georgia to help commercialize new products, services, and processes. They leverage expertise and research to support company growth, create jobs and investment, and impact strategic industries. Key measurements track activities, innovation projects and pipelines, and statewide economic impact.
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Coi Overview Jan 2010
- 1. Innovation: The Engine of Future Economic Growth
- 2. Centers of Innovation exist to create a new model for Economic Development … connecting Industry expertise to University R&D, and other GA resources to high growth potential companies commercializing new Products, Services & Processes…. leveraging “intellectual & knowledge capital” for economic growth Economic Impact- Jobs/Investment
- 4. Company Growth Traditional Economic Development focus Large Mature e.g. Coke/Home Depot/UPS NCR Small / Innovation Stage 4
- 6. Industry Marketing for all Georgia
- 7. Market & Technical knowledge
- 9. R&D – University & Other
- 10. Market Expertise
- 11. Business Connections ManufacturingGainesville EnergyAtlanta Life SciencesAugusta AerospaceEastman LogisticsSavannah AgricultureTifton
- 13. Key Measurements Activities GDEcD Support Innovation Pipeline
- 14. Statewide Impact Projects are well distributed around the state 19 counties without GDED announcements have Active COI projects in process
- 15. Innovation Project Concentration Generally projects seem to be more concentrated where our COI is located More concentration in major population centers Aerospace decrease in concentration from Oct? Energy and AG are more distributed than other industries July- Dec 2009
- 16. A new tool for advancing Georgia economic impact by leveraging the profiles of more than 500 leading research faculty at eight Georgia public and private research universities enhancing the potential for collaboration across disciplines and universities by allowing industry to find experts, research centers, and projects with commercial potential.
- 17. 500+ Top Faculty in Patents, Awards & Publications 8 Research Universities 303 Patented Bio-Research Properties ONE HIGH-POWER SEARCH SOURCE
- 18. Innovation Grants Matching funds – University/College Research & Activities Commercialization focus – new products and services Requires support from the Center of Innovation Director
- 19. Leadership Page Siplon Donnie Smith Nick Fuhrman Stacy Shuker Phd. Jill Stuckey John Zegers www.georgiainnovation.org
- 20. Industry expertise Industry expertise
- 21. Range Fuels – Diamond Energy (Pine Tree Ethanol) Deep Organic - European Growth Company Savannah Port Growth #1 in the USA Growth - 466% GA’s Life Science Incubator one of the top five places in the U.S. for Biotech startups Focus to Ensure Georgia’s Global Competitiveness
Editor's Notes
- … accelerate growth in GA’s Strategic Industries by integrating industry expertise, R&D innovation & state resources. GA economic engine is focusing on strategic industries as identified by the Commission for a New Georgia These strategic industry’s have changing technology issues which are changing faster than ever before Innovation – that is thriving on this technological change that produce new products and services - will keep GA competitive The term innovation means a new way of doing something. It may refer to incremental, radical, and revolutionary changes in thinking, products, processes, or organizations. (Wikipedia)
- This is a strategic direction – these industries with highest growth potential for GA regardless of the outside influencers At this level I would like to see IT and Communications and Media be listed as well… Where the trends and fluctuations while they may affect us we can maintain an unfair advantage… These are the industries GA has decided to invest the most in…. Basically where we can get the most impact the easiest…
- Innovation is a never ending process in all stages of a Companys growth….It appears more evident/obivous perhaps in early stage companies - but is ongoing even with large mature companies – UPS trialed until they determined to only turn right to speed deliveries, Home changed distribution to lower inventory costs and Coke is continually trying to develop the next product This process is evident in all companies and the COIs support this process…
- Suniva produces the most efficient Solar Collection Chips they are doing it right here in GA leveraging GA Tech Research (#1 in the world) – Range Fuels is investing $300M to attempt to establish the first commercial Cellulosic Ethanol Plant in the world leveraging GA’s 24 Million acres of Pines – # one in the USA – (pine tree availability) Deep Organic came to the GA from Norway to produce a better tasting non dairy milk product to address the Billion $ non dairy milk market leveraging our best in the USA Ag Research and taste testing capabilities GA is recognized by CNBC as #2 in the USA in regards to transportation – focusing on this strategic advantage ensures our state continues and expands its leads in shipping and transport with GA employment approaching 1 Million Expansion Solutions magazine recognized our Incubator at the Medical College of GA as one of the top five places in the U.S. for Biotech startups – This is just a start- we must expand renew our efforts to create an environment that encourages continued research in new technologies, folks to start new companies here and to attract the necessary VC investment to fund new growth companies.