Leveraging  Knowledge  Assets  for  Wealth  Crea6on  

Alan  W.  Seadler  Ph.D.  Associate  Academic  Vice  President  –Research  

Duquesne  University  

University  roles  in  economic  development  

•  Employer  •  Purchaser  •  Real  Estate  Developer  •  Workforce  Developer  •  Advisor  and  Network  Builder  •  Technology  Transformer  and  Incubator  

Porter,  M.  (2007)  Forum  Futures  

“……PiVsburgh's  eds  and  meds  account  for  more  than  $11  billion  in  local  salaries,  22  percent  of  the  total  salaries  in  the  region.”        

University  of  PiVsburgh  2009  

•  They've  also  spun  off  hundreds  of  companies  in  the  last  15  years,  driving  PiVsburgh's  technology  boom.  Since  2000,  PiV  research  alone  has  resulted  in  373  new  patents,  628  new  license  agreements,  and  67  new  companies.  

University  of  PiVsburgh  2009  

Technology  Transfer    University  of  PiVsburgh,  CMU,  Duquesne  

0  

50  

100  

150  

200  

250  

Licenses  &  Op6ons  Executed  

Gross  License  Income  

($millions)  

Patents  filed           Patents  issued   Start-­‐up  Companies  

2007  

2008  

2009  

2010  

PiVsburgh  Technology  Council      "2011  State  of  the  Industry  Report"  

Economic  Development  Ini6a6ves  

•  Technology  Based  Economic  Development  •  Ben  Franklin  –  Innova6on  Works  

–  Seed  Capital  –  Entrepreneurial  Support  

•  Greenhouse  Ini6a6ve  –  Digital  Greenhouse    –  Life  Sciences  Greenhouse  

Leading Edge Technology People Space/Infrastructure Capital Industry

University/Research Startup Company Existing Companies Opportunity  Fund  

                             University Facili6es  

Industry  Par6cipa6on  

Image  and  Marke6ng  

Outreach  

Entrepreneurial Training  

Recrui6ng  Services  

Workforce  Development  

Execu6ve  Corps  

Pre-­‐Seed/Seed  Fund  

SBIR  Services  

University/Industry  Research  Partnership  Fund  

University  Development  Fund  

Leasehold  Improvements  Fund  

Expeditor  

Incubator/Accelerator  

Keystone  Innova6on  Zone  

•  Leverage  university  technology  transfer  •  Leverage  university  intellectual  power  and  assets  •  Anchor  zones  around  research  universi6es  

•  Marketable  tax  credits  •  Business  support    •  Innova6on  funding  •  Internships  •  Facili6es  

PCKIZ  

Carlow  University  

Duquesne  University  

Point  Park  University  

CCAC  

Hill  House  Associa8on  

UPMC  HealthPlan  

AGH  

UPMC/Mercy  Hospital  

PCKIZ  

•  40  companies  •  Internships  •  Tax  Credits  

–  Second  highest  amount  in  the  Commonwealth  –  Marketable  

•  Business  support  –  SBDC  

•  Loca6on  assistance  –  Uptown  

The  PiVsburgh  region  is  as  well-­‐posi6oned  compe66vely  as  we  have  been  in  a  genera6on.  Our  economy  is  diverse,  our  workforce  skilled,  and  our  quality  of  life  high.  

         Dennis  Yablonsky  CEO  Allegheny  Conference  

 

“According  to  the  U.S.  Census  Bureau,  the  PiVsburgh  Region  has  the  highest  rate  of  poverty  among  working-­‐age  African  Americans  of  any  of  the  40  largest  metropolitan  regions  in  the  country.  More  than  1/4  (28%)  of  the  region’s  African  Americans  aged  18-­‐64  lived  in  poverty  in  2008.  That’s  twice  as  high  as  in  regions  such  as  Bal6more  and  CharloVe”  

Harold  Miller  2010  

$0  

$10,000  

$20,000  

$30,000  

$40,000  

$50,000  

$60,000  

All  

White  

African  Am  

Asian  

La6n

o  

Am  Indian  

Mul6  racial  

Other  

Median  Income  

American  Communi6es  Study    US  Census  Bureau  2010  

City  of  PiVsburgh  2010  

City  of  PiVsburgh  2010  

Evergreen  Coopera6ve  Ini6a6ve  

•  Catalyze  crea6on  of  up  to  10  for-­‐profit  coopera6ves  –  500  jobs  –  $65,000  equity  per  employee  in  8  years  

•  Located  in  University  Circle  area  of  Cleveland  •  Crea6on  of  a  $3  million  Evergreen  Coopera6ve  

Development  Fund  –  Revolving  loan  fund  

Evergreen  Coopera6ve  Ini6a6ve  

•  Cleveland  Clinic,  Case  Western  Reserve  University,  University  Hospitals,  Cleveland  Founda6on  

•  Democracy  Collabora6ve  –  Ted  Howard  

Evergreen  Coopera6ve  Laundry    

•  Started  2009  •  Green  laundry  •  10-­‐12  million  pounds  of  health  care  linen  per  year  capacity  •  50  employees  

•  James  Anderson  CEO  

Green  City  Growers  

•  Will  start  Fall  2012  •  Greenhouse  with  3.25  acres  underglass  •  Produce  ~3  million  heads  of  leVuce  per  year  and  several  

hundred  pounds  of  herbs.  •  Will  employ  35  people  

Ohio  Solar  Coopera6ve  

•  Started  in  2009  •  Ohio  Coopera6ve  Solar  owns  and/or  installs  PV  solar  panel  

arrays  on  ins6tu6onal,  government,  and  commercial  buildings.      

•  Owns,  Installs,  and  maintains  large-­‐scale  solar  panels  and  sells  the  electricity  generated  at  a  nego6ated  rate  over  a  15  yr  period.  

•  Will  employ  75  residents  

•  Stephen  Kiel,  President  

PiVsburgh  Wealth  Building  Ini6a6ve    

•  Duquesne  University  •  Carlow  University  •  Point  Park  University  •  Community  College  of  Allegheny  County  •  UPMC  Mercy  •  UPMC  HealthPlan  •  PNC  Bank  •  PiVsburgh  Penguins  

PWBI  objec6ves    

•  Understand  the  purchasing  of  anchor  ins6tu6ons  •  Develop  a  “PiVsburgh  Coopera6ve  Strategy”  •  Develop  a  list  of  candidate  opportuni6es  •  Define  start-­‐up  requirements  and  capital  needs  •  Start  Coopera6ves  in  neighborhoods.  

PWBI  6meline  

•  Kick-­‐off  April  2012  •  Ini6al  funding  in  place    •  Democracy  Collabora6ve  engaged  •  PWBI  Project  Manager  hired  •  Survey  to  start  May  2012  •  Study  complete,  ini6al  candidates  December  2012