Presentation on theme: "` OEDIT Presentations December 8, 2011. Collaborative innovation is key for job creation and economic growth “Given the complexity of the problems and."— Presentation transcript:
Collaborative innovation is key for job creation and economic growth “Given the complexity of the problems and need for innovation, it is not possible to achieve goals without collaboration” ( President Barack Obama) 1.Attracting Capital 2.Attracting and Keeping Businesses in Colorado 3.Paving the road from innovation to job creation 4.Ensuring a stable and adequate investment in research and development 5.Giving small businesses the tools they need to compete 6.Creating a competitive regulatory environment 1.Invest in the Building Blocks of American Innovation Restore American leadership in fundamental research Educate the next generation with 21st century knowledge and skills while creating a world-class workforce Build a leading physical infrastructure Develop an advanced information technology ecosystem 2.Promote Competitive Markets that Spur Productive Entrepreneurship Promote American exports Support open capital markets that allocate resources to the most promising ideas Encourage high-growth and innovation-based entrepreneurship Improve public sector innovation and support community innovation 3.Catalyze Breakthroughs for National Priorities Unleash a clean energy revolution and end our dependence on oil Support advanced vehicle technologies Drive innovations in health care technology Harness science and technology to address the "grand challenges" of the 21st century National Economic PrioritiesColorado’s Challenges
Colorado Innovation Network: Why now? Bottom Up Economic Development Initiative (Spring 2011) Colorado Blueprint (October 2011) Colorado Innovation Network (November 2011) Coloradans for an Innovation Economy (June 2011) Governor John Hickenlooper U.S. Senators Michael Bennet & Mark Udall
Colorado Innovation Network: What is it? Public Academic Private Mission The Colorado Innovation Network stimulates economic growth, creates jobs, increases tax revenue, and attracts new businesses to the State of Colorado by supporting innovative business activities and establishing a reputation for Colorado as the most innovative state in the country. COIN will leverage and coordinate robust resources already present in the state, and add momentum and visibility to existing work. Through COIN, leaders from industry, nonprofits, foundations, government and academia will convene and commit to achieving the common goal of increased economic competitiveness. The alignment of these resources will act as a catalyst for businesses and entrepreneurs across the state.
Colorado Innovation Network: Why Us? The County-Level Innovation Index for the United States Industry, Universities, Non-profits, Government COIN Partners COIN Board of Advisors COIN Leadership Team Source: Indiana Business Research Center Based on: Human Capital, Economic Dynamics, Productivity & Employment, Economic Well-Being
Success will be pursued across multiple dimensions Phase 1: 2011-2012 Phase 2: 2013-ongoing COIN Operations Staffing 1 FT Executive Director 1 FT Program Manager 1 PT Program Manager 4 PT Research Fellows 1 FT Executive Director 1 FT Program Manager 2 FT Initiative Coordinators 4 PT Research Fellows Structure COIN is quasi-state agency due to OEDIT incubation; Cross- University Platform for Innovation operates as a 501c3 COIN becomes a free-standing non-profit entity and absorbs Cross-University Platform for Innovation into its legal structure COIN Initiatives Cross-University Platform for Innovation University-focused projects led under COIN within its own 501c3: Startup MBA Program at CSU New Venture & Commercialization Internships Business Plan Competition R&D and Fundraising phase to prepare for launch of Prototype/Proof of Concept Grants for University Research Renewal of successful Innovation Initiatives from Phase 1; addition of Prototype/Proof of Concept Grants for University Research Cultivating Emerging and Re- emerging Industry Clusters Focused Cluster-Building Efforts in Energy, Electronics and Manufacturing Application of Cluster Model Across Other Industries Colorado Angel Investment Platform R&D Phase Culminating in Platform Dev. & Launch Ongoing Support for Platform Innovator-in-Residence (IIR) Program Colorado G8 Coalition; 1 additional IIR program TBD 3-4 IIR Projects Per Year Innovation Legislation Support Support for: Development of Colorado Fund of Funds Establishment of U.S. Patent Office in Colorado TBD COIN Events Colorado Innovation Network Summit First Summit Targeted for September 2012 Annual Summit; Industry-specific Events COIN Research and Publications The State of Colorado’s Innovation Economy Annual Report First Report Targeted for Completion in May 2012; Publication in Summer 2012 Annual Publication