The Legislative Roadmap to Create Jobs, Expand Markets and Compete in the Global Economy The 2007 Innovation Plan.
Published byModified over 6 years ago
Presentation on theme: "The Legislative Roadmap to Create Jobs, Expand Markets and Compete in the Global Economy The 2007 Innovation Plan."— Presentation transcript:
The Legislative Roadmap to Create Jobs, Expand Markets and Compete in the Global Economy The 2007 Innovation Plan
2 COMPETITIVENESS An economy that that generates high- wage jobs supporting high and rising standards of living How are we doing? Switzerland Finland Sweden Denmark Singapore United States (2006 Global Competitiveness Report) INNOVATION The entry into the economy of new ideas that change WHAT is produced, HOW it’s produced, and the way production is organized ROLE OF STATES “Setting the Stage” Building on Strengths Identify competitive advantages and use the tools to build upon them. Why is Innovation Important?
3 The Innovation Council Process Food & Seafood ONAMI Stable State Revenues Strong K-20 Pipeline of Innovation Support Sustaining Innovation Fund Oregon Economic Community Development Department Adequate Early-stage and seed funds Streamline Tech Transfer Wave Energy Infectious Disease Strong Business Climate Metals & Mnftg BEST Setting The Stage Building on our Strengths: A Portfolio of Initiatives
4 RECOMMENDATIONS 1.Provide adequate sources of gap funds (OGA, SB 853) 2.Increase entrepreneurial talent (statewide angel network) 3.Streamline tech transfer 4.Create innovation acceleration fund 5.Find and invest in Oregon’s competitive advantages!! The INNOVATION PORTFOLIO By Industry Type: Established firms Emerging firms Future firms By Timing of Returns 2 years to 10+ years By Geographic Location 2007 Plan Recommendations Wave BEST Food & Seafood Food Processing Manufacturing OTRADI
5 VISION Capitalize on Oregon’s ocean resources to make Oregon the national leader in ocean wave energy generation. ADVANTAGE Oregon has the best coastline in the country to generate wave power. GOALS Build first commercial wave energy park in US by 2012 Fund management team Provide production incentives Leverage OSU ocean and energy experts Leverage Oregon- based metals manufacturers Oregon has great conditions for turning wave power into an energy source. Emerging Industry: Ocean Energy From Waves to Watts
6 VISION Help state’s food industry increase productivity and expand markets worldwide. ADVANTAGE The proposed investment will help a mature $6 billion industry significantly grow and add jobs. GOALS Launch NW Visioning, Innovation and Productivity (VIP) Center in collaboration with Food Innovation Center Support seafood businesses through the Community Seafood Initiative Produce growers need help finding new packaging techniques and markets. Established Industry: Food/Seafood Expanding Markets for Oregon Products
7 VISION Ensure the industry has access to equipment, technology and skilled workers it needs to thrive in the 21st Century. ADVANTAGE One in seven Oregon workers are employed by the state’s manufacturing industry. Oregon can build on its reputation for innovation while creating family-wage jobs. GOALS Expand applied research capability by adding senior faculty at PSU Acquire new equipment used in existing laboratories Improve skills training Match funds with industry-funded university programs Can we help Oregon Iron Works build streetcars in America? Established Industry: Manufacturing Enhancing Competitiveness in a Core Oregon Industry
8 VISION Continue Oregon’s leadership in nanotechnology and create new companies and products based on ONAMI research. ADVANTAGE ONAMI helps industry in Oregon stay competitive while creating new tools for making materials stronger and more versatile. GOALS Hire 4-6 world-class researchers Leverage $40M in additional federal and private funding Add 3-8 new firms commercializing ONAMI technology Reduce need for state support in future $200K-$500K in licensed revenue to State of Oregon Oregon’s first Signature Research Center – ONAMI – is about thinking small to achieve big results. Signature Research: ONAMI Oregon’s Successful Nanotech Collaboration
9 VISION Create the Bio-Economy & Sustainable Technologies (BEST) Center to develop technologies that have near-term impact for industries, such as bio- fuels and bio-products. ADVANTAGE BEST will leverage Oregon’s international leadership in sustainability & natural resource base. GOALS Secure at least $1M in foundation funding for start-up Raise $5M in federal/private research funding by 2009 Establish a commercialization mechanism Develop sponsored research with at least 4 Oregon companies Canola fields of Madison Farms in Eastern Oregon – a source for bio-diesel fuel? Signature Research: Bio-Economy Expanding Oregon’s Leadership in Renewable Industries
10 VISION Help Oregon medical researchers create drugs that will fight infectious diseases by establishing OTRADI – Oregon Translational Research & Drug Development Institute (OTRADI). ADVANTAGE Builds on research expertise in infectious diseases and establishes leadership in developing & licensing new drugs. GOALS Provide seed funds to create new Signature Research Center Expand university research capacity Leverage private and federal funding Generate state revenue through service and licensing fees Creating OTRADI will help universities find new ways to fight HIV, SARS, malaria and other diseases. Signature Research: Infectious Disease Drug Discovery Research for National Security & Health Signature Research: Infectious Disease Drug Discovery Research for National Security & Health