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“Centers of Innovation bring together research and local assets in midsized Georgia cities to attract company interest and technology- based economic

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Page 1: “Centers of Innovation bring together research and local assets in midsized Georgia cities to attract company interest and technology- based economic
Page 2: “Centers of Innovation bring together research and local assets in midsized Georgia cities to attract company interest and technology- based economic

“Centers of Innovation bring together research and local assets in midsized Georgia cities to attract company interest and technology-based economic development.”

Governor Sonny Perdue

As of July 2004, the Georgia Centers of Innovation program has been funded through a One Georgia grant to launch five centers

throughout the state.

Page 3: “Centers of Innovation bring together research and local assets in midsized Georgia cities to attract company interest and technology- based economic

Innovation Centers Mission

Increase innovation, entrepreneurship and technology job creation

throughout the state

Each center supports the growth of an existing industry cluster by fostering joint industry-university applied research, providing incubation services to technology start-up companies, and providing entrepreneurial training and outreach to its region.

Page 4: “Centers of Innovation bring together research and local assets in midsized Georgia cities to attract company interest and technology- based economic

Georgia Centers of Innovation

AerospaceMacon/Warner Robins

Agriculture TechnologiesTifton

Information TechnologyColumbus

Life SciencesAugusta

Maritime LogisticsSavannah

AerospaceMacon/Warner Robins

Agriculture TechnologiesTifton

Information TechnologyColumbus

Life SciencesAugusta

Maritime LogisticsSavannahMaritime LogisticsSavannah

Manufacturing - Gainesville

Page 5: “Centers of Innovation bring together research and local assets in midsized Georgia cities to attract company interest and technology- based economic

Georgia Centers of Innovation

Maritime Logistics - Savannah

Information Technology - Columbus

Agriculture Technologies - Tifton

Aerospace – Warner Robins

Life Sciences - Augusta

Page 6: “Centers of Innovation bring together research and local assets in midsized Georgia cities to attract company interest and technology- based economic

Innovation Center Primary Functions/Strategies

Innovation Center

Technology BusinessIncubation

University – Business Applied R&D

Regional Entrepreneur

Development Support

Marketing of theState as a Technology

Destination

• Business Mentoring

•Service Provider Support Network

• Flexible Office/Lab Space

•SBIR Assistance

•Investment Network

• Corporate Membership

• Industry Driven and Partnered Research

•Matching Research Grants

• Product Development & Testing

•University Tech Transfer

• Traveling Entrepreneur Outreach Specialist

• Entrepreneur Training

•Certification Reviews for Entrepreneur Development Programs

• Matching Grant Fund for Entrepreneur Development Programs

Page 7: “Centers of Innovation bring together research and local assets in midsized Georgia cities to attract company interest and technology- based economic

Private Universities

Communities

Federal Research

Grants

Private Industry

OneGA & DCA

DTAE

GRA

Other StateAgencies

Ga Dept of Econ DevOS&T

Regional Staff

Board of Regents:GA Tech EDIUGA SBDC

ICAPPGREDC

CENTERS OF INNOVATION

Partners

Page 8: “Centers of Innovation bring together research and local assets in midsized Georgia cities to attract company interest and technology- based economic

Key Accomplishments in 1st Year

– Five Centers staffed and operational– Together over 15 industry member companies

• And over $350,000 in membership contribution– Federal R&D Funding of $1,950,000 (3 separate awards)– Estimate Job Creation – 60+– 4 University / Industry Collaborative R&D Projects – 7 start-up companies or landing parties added to incubator facilities– 9 Communities in Entrepreneur Friendly Certification Program– Over 30 Entrepreneur Assistance Projects completed or underway– Energizing Entrepreneur workshops provided to over 30 communities

with 110 participants

Estimated ROI > 300%

Page 9: “Centers of Innovation bring together research and local assets in midsized Georgia cities to attract company interest and technology- based economic

Example Activities

– R&D project with AFLAC and GT to data mapping (Columbus).

– Smart Container Tracking at Savannah Port– Computer modeling for Lean Practices Training in Warner

Robins– Precision Irrigation Start-up company in Tifton– 5 new members and 4 sponsors for new Life Science center

in Augusta– Entrepreneur Outreach Specialist assisting RFID tag start-up

healthcare company in Toombs county– Strategic business planning assistance for new $65 million

manufacturing plant

Page 10: “Centers of Innovation bring together research and local assets in midsized Georgia cities to attract company interest and technology- based economic

Goals for FY06

– Start-up Manufacturing Innovation Center in Gainesville

– Increase industry membership by 50% to 30 members

– Recruit more than 10 start-up companies for incubation

– Increase Applied R&D projects activity to at least 8 projects and $400,000 in matching funds

– Attract at least $1,000,000 in additional Federal Funding

– Certify at least 15 communities as Entrepreneur Friendly

– Conduct over 150 Entrepreneur outreach projects

– New Jobs created or saved greater than 150

Page 11: “Centers of Innovation bring together research and local assets in midsized Georgia cities to attract company interest and technology- based economic

For additional information visit:www.georgiainnovation.org