The document discusses challenges and opportunities for developing talent and workforce in Utah's technology and life science industries. It summarizes presentations from a technology breakfast event focused on these topics. Panelists discussed challenges for companies to meet growing workforce demands and the need for collaboration between education and industry. Ideas included investing in homegrown talent through academic programs and partnerships to develop a diverse and skilled local workforce.

1. Investing in Utah’s Future

2. technology breakfast

3. Welcome April 28, 2006 ‘ Tackling the Talent Challenge’ technology breakfast

4. Announcements technology breakfast

5. Pat Vaughn Talent Access Programs (TAP) Governor’s Office of Economic Development goed.utah.gov technology breakfast

6. Economic Revitalization Plan Revamp Utah’s Tax Structure Improve the Competitive Environment for Small & Medium-Sized Businesses Recruit Business to Our State Attract More Capital Promote Growth In Target Industries Capture Global Opportunities for Utah Companies Enhance Utah’s National & International Image Promote Tourism Energize Economic Development In Rural Communities Make State Government More Efficient technology breakfast

7. Hiring Climate

8. Hiring Climate

12. Today’s Hiring Climate Panel of professionals Look from 10,000 feet Hear various aspects Gain understanding of the challenges ahead technology breakfast

13. Panel Dr. Tamara Goetz David Spann Dennis Wood Lorina A. Tester technology breakfast

14. Dr. Tamara Goetz technology breakfast

15. Utah Life Science Industry Meeting the Workforce Challenges of a Growing Industry

16. Challenges for Growing the Utah Life Science Industry Meeting workforce demands Existing companies New start-ups Responding to changing needs Laboratory technician Biomanufacturing technicians Creating a diverse workforce Multiple entry/exit points Dual training

17. Investing in Utah’s “homegrown” talent

18. Bridging Education and Workforce Development Academic Training Program Workforce Development InnovaBio 2-year Biotechnology degree Theoretical Technical Industry-based research Innovation Entrepreneurship Mutual added value Industry demands met Competitive students

19. The Return on Investment Academic program 42 college graduates >600 high school students 4-year partnerships Biomanufacturing track InnovaBio 7 contracts 50 interns Replication Student innovation and entrepreneurship

20. David Spann technology breakfast

21. Agile Adaptive Management translating innovation into business value, quickly Snowbird 2001: Agile software development begins Westminster College 2002: first Agile conference MBA Director, consultant to UITA, ULSA, CAM and Executive Coach Agile Adaptive Management 2006: helping organizations, executives and teams translate innovation into business value, quickly UITA Management Research Project 2004

22. 2004 UITA Management Research Project Ability and Effectiveness to Develop, Retain and Attract Management Talent in Utah's Technology Sector (1 is low, while 10 is exceptional; Scores are Median: 1/2 above and 1/2 below) Note: David Spann was with the Ralston Consulting Group when this research project was conducted. 6 8 5 Effectiveness 9 9 9 Importance Attracting Retaining Developing

23. A Forester’s View of Retention Experience Lasts

24. Dennis Wood technology breakfast

25. Tackling the Talent Challenge Presented by Dennis Wood

26. Venture Capital is Risk Management Deal/ Company Structure Risk Market Risk Technology Risk Management Risk “ The right leadership and ‘gene pool’ is the most important thing to a company’s success. The CEO’s thirst for talent and his (or her) salesmanship in recruiting talent and building teams are key to determining the future of the company.” -Vinod Khosla, KPCB Management Risk

27. v|Spring Human Capital Strategy Candidate Aggregation Partners, LP’s, Advisors, Portfolio Executives Venture Forums, Universities, Tech- vSpring Talent Database transfers, Service Providers, Other VC’s & Companies, etc. Candidate Dissemination vSpring Portfolio & Future Investments CRM Database, Director of HC Firm Initiatives

31. Lorina A. Tester Associate General Counsel University of Utah International Center technology breakfast

32. Program Pause technology breakfast

33. Q & A technology breakfast

34. THANK YOU! www.goed.utah.gov technology breakfast

35. Investing in Utah’s Future