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Egils Milbergs presentation on the World\'s Largest Science and Innovation Park
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The World’s Largest Science and
Innovation Park
Egils MilbergsWashington Economic Development Commission
May 7, 2010Tuesday GroupWashington DC
V.1.2
2007 Rank
Metro AreaTotal Score
1San Jose –Sunnyvale-Santa Clara, CA
100.0
2 Seattle-Bellevue-Everett, WA
46.4
3 Cambridge-Newton-Framingham, MA
45.2
4Washington-Arlington-Alexandria, DC-VA-MD-WV
41.8
5Los Angeles – Long Beach – Glendale, CA
40.2
6 Dallas – Plano -Irving, TX
21.8
7 San Diego – Carlsbad – San Marcos, CA
19.3
8 Santa Ana –Anaheim-Irvine, CA
17.7
9New York – White Plains – Wayne, NY-NJ
16.8
10San Francisco – San Mateo-Redwood City, CA
16.1
Geography of Knowledge Based IndustriesMilken Institute
4
1960s & 1970s
Advantage is Cost
Strategy is
“Make it Cheaper”
1980s & 1990s
Advantage is Quality
Strategy is
“Make it Better”
2000sAdvantage is Innovation
Strategy is
“Make something new”
Innovation is key to economic recovery
Over half of Fortune 500 and just under half of 2008 Inc. list began during a recession or bear market.
Dane Stangler, Kauffman Foundation
There is no better time likea downturn to innovate.
The risks inherent to starting a thriving business in today’s troubled waters are immense, but the rewards have never been greater.
The Commission’s Ten Year VisionWe should not fear to lead
Make Washington State the
most attractive, creative and
fertile investment
environment for innovation in
the world.
11
…, we can’t rest on our laurels, so
let’s commit today to grooming a
workforce and leaders who are
agile, creative, and embrace
innovation.Gov. Chris Gregoire
March 10, 2009
We must look over the horizon and prepare for the new economy that will emerge when this recession passes.
Commerce Secretary Gary LockeMarch 18, 2009
InvestmentEntrepreneurship
Talent
Infrastructure
GrowthEmployment ProsperityQuality of Life Competitiveness
Innovation Drivers
Innovation Outcomes
Innovation Ecosystem
Innovation Policy Framework
GSH
12
Innovation
Ecosystem
Education
Research
Entrepreneurs
Associations
Non-ProfitsGov’t
Capital
Business
Workforce Skills
Researchers and
entrepreneurs
create new ideas
Firm creation
and innovation
success
Transforming ideas
Into applications
No capital
Dead
ideas
No capital
Creating business
models
Dead
firms
Graphic concept adapted from
Dr. Charles Wessner, National Academies
Investment Challenge
Double “Valley of Death”14Egils Milbergs
WEDC 2010 Scorecard LegAction
Notes
Talent & Workforce
Retrain dislocated workers in high demand fields and occupations..
Deploy education and training resources to meet specific needs of employers
Sustain the capacity of our higher education system
Investment & Entrepreneurship
Expand STARS program and strengthen Innovation Partnership Zones.
Provide job creation incentives and integrated business services for small business.
Compete for Federal R&D funds in strategic areas.
Infrastructure
Provide tax increment financing and other tools for local investment.
Streamline the regulatory process for significant projects and small business
Develop state-wide energy strategy and plan.
Promote next generation broadband.
Apply economic development criteria to transportation projects.
New Model for Economic Development
Traditional Model Innovation Driven Model
Attract and retain companies Invest in talent, ideas and infrastructure
Jobs Quality of jobs, per capita incomes
Lowest cost of business inputs Higher value inputs, increasing productivity and outcomes
Top down economic development Bottom-up and organic growth
Competing regions: zero sum game Collaborating regions: value creation
Closed linear innovation system Open innovation ecosystem
Single disciplines, functions Multiple disciplines, integration
Locally linked clusters Globally linked clusters
Strategize Organize Operationize17
Source: Washington Technology Industry Association (WTIA)http://wtia.micromaps.com/
Emergent Innovation Ecosystems(illustrative portfolio)
SMART GRID/ ENERGY EFFICIENCY
CLOUD COMPUTINGRENEWABLE
ENERGY
GLOBAL HEALTHELECTRIC VEHICLEINFRASTRUCTURE
ADVANCED MANUCTURING
NEW MATERIALSHEALTH IT
MEDICAL DEVICESWATER RESOURCES/
ENVIRONMENT
LOGISTICS/FREIGHT MOBILITY
DEFENSETECHNOLOGY
FOOD PROCESSING
21
Innovation Ecosystems Evolve
Growth Node
Innovation Ecosystem
Nascent Cluster
Virtual Cluster
None or few firmsGrowth potential
Few to many firmsFast growthKey linkages
Virtualized functionsAccelerated
collaboration
Many nodesDense linkages
Network to Network
STARSIPZs
R&D
EIRsPatents
Incubators
InnovationAccelerators
Tax Incentives
Talent
Gap Funding SBIR
Aerospace
IT, gaming, simulation
Biomedical, Incubators
Clean Tech, Smart Grid, Biofuels
Defense
Biotech, Energy, Semi-conductors, Exports
Wine, Water
Life Sciences, Global Health
World’s Largest Innovation Park
Food Processing, Rail Innovation
Wind, Solar, Data Centers,
Adv. Mfg.
Marine
Food TourismMarine Energy
Agriculture,Composites
New Forestry
“Twilight”
Medical Devices
EnvironmentRemediation
Electric Cars
Clean IT
PNWER GDP and PopulationIf PNWER were a separate country, it
would rank 13th in total GDP
Country GDP* 1. US 13,811,200 2. Japan 4,376,705 3. Germany 3,297,705 4. China 3,280,053 5. U.K. 2,727,806 6. France 2,562,288 7. Italy 2,107,481 8. Spain 1,429,226 9. Canada 1,326,37610. Brazil 1,314,17011. Russia 1,291,01112. India 1,170,96813. PNWER 1,051,841
*2007 GDP in $US Million
PNWER Region (GDP/Pop.)
State/Prov. GDP* Population
Wash. 311,270 6,468,424Alberta 259,900 3,585,000 Oregon 158,233 3,790,060B.C. 150,412 4,310,305Idaho 51,149 1,523,816 Sask. 40,340 1,008,697Alaska 44,517 686,293Montana 34,253 967,440 Yukon 1,767 32,714
Total 1,051,841 22,372,731
*2007 population & GDP in $US Million
25
Your view of the Pacific Northwest economy in the next 24 months?
A. Robust growth and
outperforming national
averages
B. Performance in line with
national economy trends
C. Underperforming in most
business sectors
D. Don’t know
43%39%
17%
0%0%
10%
20%
30%
40%
50%
26
Will innovation be more important in the next three decades than in the last three?
A. Yes
B. No
91%
9%
0%
20%
40%
60%
80%
100%
Yes No
27
Are there significant opportunities in cross border innovation and collaboration?
1. Yes
2. Maybe
3. No
74%
22%
4%0%
0%
10%
20%
30%
40%
50%
60%
70%
80%
Yes Maybe No (4)
28
Which areas offer the biggest opportunity for innovation collaboration?
1. Clean Energy
2. Information Technology
3. Health Services
4. Communications
5. Transportation/Logistics
65%
9% 4% 4%17%
0%10%20%30%40%50%60%70%
29
What is the major factor limiting Pacific Northwest’s innovation performance?
1. Schools lagging in science and math education
2. Government not doing enough to support technological innovation
3. Business not investing enough in technological innovation
4. Workers lacking skills to be technologically innovative
5. Don’t know
22%26%
17%
26%
9%
0%0%5%
10%15%20%25%30%
30
What primary skills will children need to drive innovation in the future?
1. Math and science skills
2. Creative approaches to problem-solving
3. Entrepreneurial and business skills
4. Knowledge of the world’s culture
4%
61%
22%9% 4%
0%10%20%30%40%50%60%70%
31
How effective are your innovation and R&D collaboration linkages with neighboring states/ provinces?
1. Absolutely great
2. Good
3. Fair
4. Needs more attention
5. Poor0%
4%
17%
43%35%
0%
10%
20%
30%
40%
50%
32
What is the biggest hurdle in forging productive collaborations in the PNW?
1. Disseminating awareness of opportunities
2. Overcoming cultural, political, institutional rivalry
3. Finding funds for collaborative projects and ventures
4. Removing specific policy and regulatory barriers
5. Adequately coordinating relevant stakeholders
5%
27%32%
14%
23%
0%5%
10%15%20%25%30%35%
States and regions can be powerful players in the innovation economy
• States, regions and smaller nations are:
– Large enough to:
• create intellectual capital
• build innovation ecosystem(s)
• connect globally
• respond to innovation opportunities
– Small enough for:
• shared vision and achievable outcomes
• trusted personal relationships
• effective governance
33
Considerations for organizing effective regional innovation ecosystems
• make innovation a clear and central mission• focus on outcomes and local, organic growth • enhance the visibility of regional resources• adapt policy to different economic structures• enable regional leadership• maximize results through collaboration• rationalize government program structure• creatively leverage public sector programs• measure performance and outcomes
Innovation Inputs
Talent
R&DPersonnel
STEM Proficiency
Education Pipeline
Workforce Quality
Lifelong Learning
InvestmentEntrepreneurship
R&D Intensity
InnovationCommercialization
Business Start-ups
Capital Access
InwardInvestment
Infrastructure
Transportation
Broadband
Energy
Business Climate
Sustainability
Innovation Performance
Business Performance
New Products
& Services
Productivity
Exports
Profitability
Market Capitalization
Public Impact
State GDP
Employment Growth
Standard of living
Income Distribution
State Revenues