The document discusses innovation-led economic development (ILED) strategies in Mississippi. It outlines the creation of regional innovation clusters and networks to align assets like universities, private sector, and government to support entrepreneurs and innovative companies. The key factors for ILED are described as innovation culture, access to technology, entrepreneurship support, capital access, and human capital availability. The Mississippi TECH Alliance facilitates these activities through various programs and networks across the state.

1. Innovation-Led E
Innovation-L d Economic Development
I ti i D l t
(ILED)

2. Alignment of innovation
ssets, and
TECH Resources for Innovation-led Companies
Innovation-
10
esources, as
201
echnologies
s
f
Second-
Second-Stage Companies Sector Initiatives
PeerSpectives & Economic Gardening
MS Seed Fund
Venture Coaching Academy
re
te
A
*MIN WEB-based Training & Communication
WEB-
New Venture Challenge
Promotion & Story telling of
*Innovator’s Hall of Fame Awards Gala
ages
*Discovery Meetings (Breakfast & Lunches)
Regional Innovation Coordination
tive Advanta
Innovation-
Innovation-Led Economic Development Training
2005
*Venture Capital Tools
*Mississippi Executive Talent Exchange
*MS Angel Network
n
Strategies & platforms Comparat
Fast Trac Entrepreneurial Training
Regional Technology Councils
MS e-Center Incubator
e-
Innovation Index
s
*Pointe I
*P i t Innovation Magazine
ti M i
Statewide Technology Tours
T-BED and Cluster
*Conference on High Technology
Community Technology Assessments
Additional Cluster Studies & O
Additi l Cl t St di Organizations
i ti
1998
Michael Porter CIT Cluster Study & CIT.ms Cluster Organization
Mississippi Science & Technology Action Plan
Learning Telling *Doing Collaborating

4. Regional Innovation Clusters (RIC)
Government Geospatial
CIT.ms
Academia Polymer/Plastics
Biomass/Biotech
Private Sector/Non
Sector/Non- Automotive
Profits Defense/Aerospace

5. Innovation Index
Per capita Income
p
Number of Tech Employees/
Companies
Business Births
Angel C it l Invested
A l Capital I t d
Capital Invested in New or Expanding
Companies

6. INNOVATION-
INNOVATION-LED
ECONOMIC DEVELOPMENT
(ILED)
“Economic development activities to
CREATE RETAIN EXPAND ATTRACT or
REATE, ETAIN, XPAND, TTRACT,
TRANSFORM ENTERPRISES that produce
highly innovative new products,
products
processes, materials, designs, know-how
know-
or business strategies.” © MTA 2011
strategies
www.technologyalliance.ms

7. Pathway for
y
Innovation-
Innovation-Led Economic Development
Innovation-
led
Innovation-
I ti Communities
C iti
led
Jobs
Innovation-
led
Enterprises

8. Five Critical Factors
for
Innovation-
Innovation-Led Economic Development
1. Innovation Culture or risk taking
2.
2 Technology Resource access
3. Entrepreneurship support
organizations
4. Capital (equity & debt) access
5.
5 Human Capital Availability (quality
management, workforce,
intrapreneurship)
Council for Entrepreneurial Development

9. Mississippi TECH Alliance
Technology/Innovation
Entrepreneurship
Capital
Human Resources
www.technologyalliance.ms

10. MTA TECH-BASED Services
TECH-
Technology/Innovation Capital
 MEP.ms
MEP ms  Angel Capital
 Strategic Biomass Network
Solutions  MS Seed Fund
 Federal/University  SBIR/STTR
Tech Transfer Program
Entrepreneurship Human Resources
 Venture  MS Xecutive Talent
Development Xchange (MXTX)
 New Venture  Workforce
Challenge Investment
 ESP & Mentors Network
N t k

11. TECH-BASED Networks
TECH-
Business Assistance
 Regional Innovation Clusters
 Fast Trac Tech Venture Training Facilitators
 MBA Student Teams (MSU, Millsaps, Ole
Miss)
 MDA Existing Business & Industry
 Minorities, Students, & Women programs
 Mississippi Incubator Network
pp
 Mississippi SBDC
 MyBiz AM Network

12. TECH-BASED Networks
TECH-
Social Networks Economic
 Discovery Development
Luncheons  Innovation-led
Regional ILED Economic
Councils Development
 Conference on Training
High Technology
Hi h T h l  Community
C
 Innovators Hall of Resources
Fame Gala Assessments
 Pointe Innovation  MDA/Mississippi
Magazine Economic
Development
Council

13. MTA
Activities
State-wide
Regionalized
Encompassing all
E i ll
services-
 Technology
gy
 Entrepreneurship
 Capital
 Human Resources
www.technologyalliance.ms

14. Networks drive
Innovation-Led
Innovation- Emerging
Economic Development technology
discovery lunches,
discovery lunches
Technology support for
Councils innovative
i E k !
companies, Eureka!
Entrepreneur
Networks
Monthly meetings Capital
of service providers Coalitions Monthly meetings of
hl f
and Capital Coalitions and
p
entrepreneurs q
quarterly meetings of
y g
for training/webinars Angel investor groups.

15. Regional
ILED
Networks
N t k

16. Regional TECH Councils
Form of governance
ILED Training
Strategic Plan
Technology Discovery
Entrepreneurship
Training/Assistance
Capital Network
Human Capital

17. Regional ILED Networks
Network of Networks
Regional Innovation
Clusters
Cl t
TECH Councils
Incubators Network
Angel Capital
Network

18. Lessons Learned
TECH Councils (Not sustainable,
sustainable
unless…)
$$ for TECH ((causes thi tto h
things happen)
)
ILED Training is important (eco
system)
Regional Organizations (Need to
g g
partner with ILED change agents)
Listen & Learn (continuous improvement)

19. Contact Us:
Mississippi Technology Alliance
Bubba Weir, Vice President for
Innovation Resources Development
134 Market Ridge Drive
Ridgeland, Mississippi
Rid l d Mi i i i 39157
601-960-3620
bweir@mta.ms
www.technologyalliance.ms