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REGIONAL ECONOMIC GROWTH THROUGH INTERNATIONAL TECHNOLOGY TRANSFER 5 TH Vienna Economic Forum November 2008 OttoConsulting LLC Otto Prohaska President.

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Presentation on theme: "REGIONAL ECONOMIC GROWTH THROUGH INTERNATIONAL TECHNOLOGY TRANSFER 5 TH Vienna Economic Forum November 2008 OttoConsulting LLC Otto Prohaska President."— Presentation transcript:

1 REGIONAL ECONOMIC GROWTH THROUGH INTERNATIONAL TECHNOLOGY TRANSFER 5 TH Vienna Economic Forum November 2008 OttoConsulting LLC Otto Prohaska President OttoConsulting, LLC.

2 Economic Growth Technology Transfer (TT) is Key to Economic Growth and Community Development. Entrepreneurs, Customers, Industry, Investors, Education, Communities, Government, (the “Stakeholders”) are Key to TT Success: short-term: attract established companies long-term: TT + form new high-tech companies OttoConsulting LLC

3 TT Requirements top technical knowledge, top facilities business skills, customers/markets governmental support, TT funding TT expertise OttoConsulting LLC

4 Examples MIT: 132 start-ups between 1995 and 2001 Bank of Boston Study: in 1997 MIT start-ups generated over $230 B in revenues; created over one million new jobs business skills, customers/markets governmental support $ 40 B for National Labs, $ 2 B for small businesses / grants every governmental $ of subsidy creates $2.5 tax revenues TT expertise OttoConsulting LLC

5 TT Expertise: OTTO strategic planning and plan implementation risk reduction new technologies mean high business risks new products with new technologies mean very high risks progress acceleration will significantly increase corporate return on investment will significantly increase regional economic growth international network customers / markets business partners, investors OttoConsulting LLC outstanding technology transfer operations so that all links in the value chain will be strong:


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