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#UEDASummit#UEDASummit
AnnualSummit October 21 – 24, 2012
#UEDASummit
Chuck ShoopmanSummit Committee ChairmanUniversity Economic Development Association
#UEDASummit
Alice RolliAssistant Commissioner, StrategyState of Tennessee
Power in Regionalism, Tennessee Department of Economic & Community Development
UEDA 2012 Conference
Agenda
• About the Department & Direction • Universities as Partners in Tennessee’s Economic Development Strategy: – Cluster Strategy – Entrepreneurship – Technology Transfer & Commercialization
• Questions
Mission & Vision
The Department of Economic & Community Development serves to execute Governor Bill Haslam’s goal to make Tennessee the No. 1 location in the Southeast for high quality jobs.
Top-to-Bottom Review
45 Days
62Interviews with stakeholders 42
Interviews with ECD staff
16Pro bono
consultants & advisors
297Roundtableparticipants
878ECD investments
analyzed
12Interviews with national experts
Jobs4TN Key Strategies
Ultimate GoalTennessee Becomes #1 in the Southeast for High-
Quality Jobs
Strategy #1Prioritizing Key Clusters &
Existing Businesses
Strategy #2Establishing Regional “Jobs Base Camps”
Strategy #3Investing in Innovation
Strategy #4Reducing Business
Regulation
Advanced Manufacturing & Energy Technologies
• Motors, Generators & Batteries• Refrigeration & Heating Equipment
• Appliances• Lighting Fixtures & Electrical Parts
• Turbines & Turbine Generators• Clean Energy Products
• Electric Services
Automotive
• Motor Vehicles• Automotive Parts
• Automotive Components• Forgings & Stampings
• Flat Glass• Production Equipment • Small Vehicles & Trailers
• Tires & Inner Tubes
Chemical Products & Plastics
• Intermediate Chemicals & Gases• Packaged Chemical Products• Other Processed Chemicals
• Refractories• Ammunition
• Plastic Materials, Resins & Products• Paints & Allied Products
• Synthetic Rubber• Carbon Fiber & Advanced Composite
Transportation, Logistics, & Distribution Services
• Air & Land Transport• Transportation Arrangement &
Warehousing• Merchandise, Apparel, Accessories, Food Products, Farm Material & Supplies
Wholesaling• Catalog & Mail-order
• Airports & Bus Terminals• Trucking Terminals
Healthcare
• Surgical Instruments & Supplies• Dental Instruments & Supplies• Medical Devices & Equipment
• Diagnostic Substances• Healthcare Services
• Healthcare IT• Biological and Biotechnology Products
• Health Insurance Products
Business Services
• Headquarters• Data and Call Centers
• Financial Services• Online Information Services
• Computer Services & Programming• Facilities Support Services
Note: Only a subset of existing Tennessee companies in each cluster are listed above
TN Key Clusters
10
Confidential Draft
Best Practice Partnerships
Chemicals Products & Plastics Automotive
INCITE & LaunchTNThe OpportunityThe Challenge
• Only 2.5% of R&D in Tennessee is funded by private industry
• Tennessee’s patents per worker are only two-thirds of the national average
• Only 7 companies were launched in 2010 with intellectual property developed at Tennessee research institutions
• Only 28 of 140 licenses from Tennessee research institutions are owned by Tennessee-based companies
• Innovation Coordination: Identifying synergies between all of Tennessee’s innovation assets
• Commercialization: Assisting researchers and companies in commercializing early stage technologies
• Entrepreneurship: Supporting entrepreneurs in all areas of the state as they work to launch companies
• Early Stage Capital: Helping early stage companies find capital sources that allow the companies to remain located in Tennessee
• Governor Haslam announced a $50MM new initiative in April 2011: INCITE, LaunchTN & 9 Regional Accelerators were formed out of that initiative
Startup & Tech Transfer Opportunities
A Five-Year Initiative to Make Tennessee
A National Innovation Leader
DRAFT ONLY
Top 5 Growth 1999 2002 2007 2010
Michigan 34 22 19 17
Rhode Island 29 23 15 16
Maryland 11 5 3 3
New York 16 11 10 10
North Dakota 45 47 37 36
Top 5 Decline 1999 2002 2007 2010
Tennessee 31 34 36 41
New Mexico 19 25 33 32
Hawaii 26 38 41 40
Kentucky 39 42 45 44
Alabama 44 45 46 47
Opportunity
While Tennessee’s overall index ranking has decreased over time, there are many signs that significant opportunity exists including
the fact that Tennessee ranks:
#8 in federally funded research
#15 in entrepreneurial activity
# 23 in healthcare IT
12
Challenge & Opportunity
Source: Kauffman Foundation / ITIF New Economy Index, 1999-2010
State New Economy Index Rankings
Institution 2010 Research
Oak Ridge National Lab $1.5 B
Vanderbilt $550 M
St. Jude $302 M
University of Tennessee $280 M
Board of Regents $80 M
Federal R&D Research
DRAFT ONLY
Venture Capital Investment (2010-11)
Select States # Deals $ Invested
Colorado 186 $1,102,170,100
Pennsylvania 306 $1,061,876,700
Virginia 131 $1,006,491,100
North Carolina 112 $843,270,200
Maryland 148 $697,786,100
Georgia 121 $673,492,000
Florida 90 $518,572,200
Ohio 119 $387,635,900
Indiana 31 $257,896,100
Missouri 36 $192,648,000
Tennessee 57 $166,977,200
South Carolina 11 $42,738,000
Louisiana 11 $39,814,900
Kentucky 21 $25,212,900
Arkansas 2 $5,000,100
Alabama 4 $4,115,000
Key Indicator 2010Change
from 2006 to 2010
% Change
Total Research Expenditures
$2.5 B + $700 M + 38%
U.S. Patents Issued
128 + 51 + 66%
In-State Startups Formed
7 + 1 + 16%
Licensing Revenue
$10 M - $1.9 M - 16%
Technology Transfer & Commercialization
13
Commercialization & Venture Capital Data
Source: Pricewaterhouse Coopers / Launch Tennessee Research
DRAFT ONLY
14
LaunchTN Goals & Metrics
Metric 2011 2012 2013 2014 2015 2016
Jobs Created 272 500 750 1,000 1,500 2,000
$ venture capital raised by Tennessee companies ($M)
$103 $120 $140 $160 $190 $220
$ venture capital raised by accelerator companies($M)
$5 $10 $16 $24 $32 $40
# startups based on IP from research institutions in Tennessee
7 12 17 22 22 22
# licenses to Tennessee companies from research institutions in Tennessee
42 57 72 87 102 102
# in-state stakeholders touched 1,000 3,000 4,000 5,000 5,000 5,000
# out-of-state stakeholders touched 50 200 300 400 500 600
Regional Business Accelerators
15
DRAFT ONLY
Accel-Now Northeast TN
ETRAC Knoxville, TN
Company Lab Chattanooga, TN
UC Success NowUpper Cumberland
Entrepreneur Center Nashville , TN
SMTEC Southern Middle TN
Northwest Accelerator Northwest TN
Entrepreneur Development Center Southwest TN
Memphis Regional AcceleratorMemphis, TN
9 Regional Accelerators 18+ Colleges & Universities supporting in a variety of ways
• Providing administrative resources & space for accelerators
• Sourcing mentors via business school alumni networks • Providing dorm rooms for incubator participants • And more…
DRAFT ONLY
16
SBIR / STTR Grantwriting Support
• Direct Grant writing Services
• Available now!
• Highly subsidized for the strongest applicants
• Email [email protected] to apply
• Lunch & Learns(schedule available Nov. 2012)
• Grantwriting Workshops(schedule available Nov. 2012)
• Agency-Specific Webinars(schedule available Nov. 2012)
• SBIR/STTR Resource Website (launching Nov. 2012)
Mark Henry
CEO, Grow Emerging Companies
Assisted with 1,800+ SBIR/STTR proposals
2x national win rate
NATION’S BEST CONSULTANT
DRAFT ONLY
17
Early Signs of Success!
Southeast Entrepreneurship ConferenceSeptember 12-13, 2013 [Tentative]
Nashville, Tennessee
Agreements Executed #
Licenses and Options 19
Material Transfer 207
Confidentiality 29
Inter-Institutional 3
Disclosures & Patents #
Technologies Disclosed 29
U.S. Patents Issued 7
Source: Vanderbilt University Center for Technology Transfer and Commercialization; data year-to-date for FY 2013
DRAFT ONLY
18
Southeast Entrepreneurship Conference
Southeast Entrepreneurship ConferenceJune 2013 [Tentative]Nashville, Tennessee
‐ 1,000+ investors, entrepreneurs, mentors and inventors from across the Southeast
‐ Four Tracks: Digital media, healthcare services, medical devices and diagnostics, and technology
‐ Presentations by leading CEOs and venture capital investors from around the country
‐ Concerts at the Ryman Auditorium, Cannery Ballroom and Mercy Lounge featuring Nashville artists – dates fall between CMA Fest & Bonnaroo
‐ Southeast Business Plan Competition
Power in Regionalism, Tennessee Department of Economic & Community Development
Questions
#UEDASummit#UEDASummit
AnnualSummit October 21 – 24, 2012
#UEDASummit
Bill MichaleryaPresident, University Economic Development Association
#UEDASummit#UEDASummit
AnnualSummit October 21 – 24, 2012