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Coi garc overview may 2010

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A 45 minute presentation given to the GARC at Brasstown Valley on May 3.

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Coi garc overview may 2010

  1. 1.   Developing a Culture of InnovationA Leadership Perspective Sterling G. Wharton Executive Director, Centers of InnovationGeorgia Department of Economic Development www.georgiainnovation.orghttp://twitter.com/swharton<br />
  2. 2. A new model for <br />Economic Development<br />A comprehensive environment for <br />advancing global<br />competitiveness<br />for Georgia’s <br />Company’s<br />
  3. 3. Power of Brand<br />
  4. 4.
  5. 5. Throughout the second worst recession in a hundred years, <br />"the greatest engine of innovation that has ever existed" kept running. <br />In fact, the recession itself was caused by innovation getting out of control… <br />Tom Friedman<br />
  6. 6.
  7. 7. Iterate<br />Replicate<br />Innovate<br />
  8. 8. Business Growth<br />Traditional Economic Development focus<br />Large Mature <br />e.g. Coke/Home Depot/UPS NCR <br />Innovation Stage<br />New Products Services - innovation<br />Innovation<br />8<br />
  9. 9.
  10. 10. Centers of Innovation exist to create a new model for Economic Development … <br />commercializing new products & services & Business models by leveraging Industry expertise to connect to University R&D, and other GA industry relevant resources to high growth potential enterprises.<br /> leveraging “intellectual & knowledge capital” for economic growth<br />Economic Impact- <br />Jobs/Investment <br />
  11. 11. Strategic Industries Impact<br />Highest potential for Economic Impact<br />
  12. 12. GDEcD Projects/ Innovation Projects <br />Projects well distributed across GA <br />Innovation Projects in16 counties withoutrecent GDEcD activity <br />
  13. 13. Innovation Projects (by industry ) <br /><ul><li>Distributed statewide …
  14. 14. Some concentration ofinnovation projects </li></li></ul><li>Centers of Innovation<br /><ul><li>Deep Industry Expertise & Leadership for Strategic Industries –
  15. 15. Industry Marketing for all Georgia
  16. 16. Market & Technical knowledge
  17. 17. Connections to ..
  18. 18. R&D – University … Other
  19. 19. Market Expertise
  20. 20. Business Connections </li></ul>ManufacturingGainesville<br />EnergyAtlanta<br />Life SciencesAugusta<br />AerospaceEastman<br />LogisticsSavannah<br />AgricultureTifton<br />
  21. 21. Strategic Partners<br />
  22. 22. Focus<br /><ul><li>High Growth Potential Enterprises
  23. 23. Commercialization – New products and Services leveraging New Technologies
  24. 24. Both Established and Emerging Growth Enterprises </li></ul>Industry Expertise – 6 Industries <br />Support for all GA Economic Development Organizations<br />Support (as needed) for Company Recruitment <br />Industry Influence <br />In GA – Improving GA competitiveness <br />Elevates GA WW <br />
  25. 25. Innovation Grants <br />Matching funds – <br /> University/College Research & Activities<br />Commercialization focus – <br />new products and services <br />Requires support from the Center of Innovation Director <br />
  26. 26. Leadership <br />Page Siplon <br />Steve Justice<br />NEW<br />Donnie Smith <br />Stacy Shuker Phd. <br />Jill Stuckey<br />John Zegers<br />www.georgiainnovation.org<br />
  27. 27. Innovation the new “norm” - “moderate” behavior<br />
  28. 28. End <br />
  29. 29. Purge yourself of your old idols – Unlearn - Relearn<br />Being on Autopilot can kill – <br />Introduce Small Changes to Stay Sharp<br />
  30. 30. Impossibility thinking<br />What was before Impossible is now Common <br />The next 20 years will change more than the last 100<br />
  31. 31. Not making Mistakes … is a Mistake <br />Lower the consequences <br /> Failure is “Valuable Negative Information” <br />No limits to what folks will Try ….and …. Accomplish <br />

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