Creating a Community of Innovation: Georgia Tech’s

Creating a Community of Innovation: Georgia Tech’s Technology Square

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Date 24 April 2017

Greg King, Associate Vice President for Economic Development Georgia Institute of Technology

Innovation District• Innovation and Place:“geographic areas where leading-edge anchor institutions and companies cluster and connect with start-ups, business incubators and accelerators.1 (Brookings Institute)

• Idea Generation and Accelerated Commercialization:“all innovation districts contain economic, physical, and networking assets. When these three assets combine with a supportive, risk-taking culture they create an innovation ecosystem…” (Brookings Institute)

Intentional Community – Innovators learning from Innovators Innovation Infrastructure – places, processes and assets to bring

people together

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Georgia Tech – Industry Focus

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“The creative confidence to bring any idea, whether it be product, environment, service, performance, policy, or business,

to a realization.”

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23,000 14,000Undergraduate

Faculty and Staff including 2,050research faculty and 1,490 instructional faculty.

7,860

9,000Graduate and

Ph.D.

Countries of origin115

41% Female59% Male

Engineering degrees conferred to womenEngineering bachelor degrees conferred to all minority students Engineering doctoral degrees conferred to Asian and African-American students

+

#1

Spring 2016 student population

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in research expenditures last year.

$786 million

in industry-funded research in 2016.

$100+ million

100+Finalists in NSF Engineering Research Center Proposals.

2 new start-ups launched in 2016.

4600+ small businesses supported in Ga.

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“Something is happening in Midtown Atlanta. Georgia Tech’s city-centered

campus has become one of the nation’s leading destinations for corporate research

centers…”

Growth of an Innovation District

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Innovation infrastructure to bring people together

Photo: Jared Davis

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Innovation Neighborhood Strategy* Innovation districts that are work-play-live communities adjacent to Georgia Tech

• Grow economic development impact in strategic markets

• Recruit and support large companies in these markets

• Create, scale, and support small companies in these markets

• Ensure ties to signature technologies and research at Georgia Tech

• Facilitate opportunities for experiential learning with students

Culture of Innovation

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StudentInnovation

Innovation Commercialization

Innovation Incubationand Acceleration

20Corporate Labs and

Innovation Centers in and around Tech Square

Corporate Innovation Partners

Corporate Lab and Technology Centers in Tech Square:

• Anthem Innovation Studio • ATDC Fintech Program sponsored by Worldpay• AT&T Foundry• Chick-fil-A Innovation Office• CONA Development & Innovation Lab• Delta Air Lines Hangar Innovation Lab• Emerson “Helix” Innovation Center• Keysight Technologies Software Design Center• NCR Hosted Solutions Lab• Panasonic Innovation Center • Southern Company Energy Innovation Center• Siemens Data Analytics and Applications Center• The Home Depot Technology Center• ThyssenKrupp Research and Innovation Center• UCB Solutions Accelerator

Corporate Lab and Technology Centers a Few Blocks Away:

• Honeywell Software Development Center

• Flex Design Center• Stanley Black & Decker

Digital Accelerator

Corporate Innovation, Technology and Headquarter Locations Nearby:

• Anthem IT Center • Coca-Cola Company• Sage Software• Worldpay U.S.

Headquarterss

Active Collaboration and Partnerships

COLLABORATIVE WORKSPACES & INCUBATORS

� Atlanta Tech Village� ATDC � Berthold Building� Collider � Combine� Coca Cola Bridge Program � Flashpoint � Flatiron City� ForgeATL� GCMI (Global Center for

Medical Innovation)� Industrious� Kollective South

� NEX Atlanta� O-Hub� ROAM� Stockyards Atlanta� StrongBox West� Switchyards� T3@Atlantic Station� Techstars� TechSquare Labs

Source: Metro Atlanta Chamber of Commerce

Incubators and Accelerators

Georgia Tech’s Biltmore Hotel

CODAThe High Performance Computing Center

Growth and Expansion of Tech Sq

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Looking Back - Reminders & Notes:• Definitions inform expectations• Innovation hubs provide opportunities for

innovators to learn from each other.• Networks of community building that would

develop - high value of peer to peer• Onboarding - what is the right level (i.e. how to

be helpful and generate positive movement)• Different from traditional UIP• Different from previous place based connections

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Always Learning…Refining• Community connections beyond just our

campus, involving a broader portfolio partners• Perspectives / POV Often Differ• Corporate operations are unique:

a) different objectives, approaches, and metrics b) different internal innovation and open innovation strategies, c) desire different value from ecosystem and partners…. d) so have to customize each campus-company relationship.

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“Being Ready”…“Talent alone won't make you a success. Neither will being in the right place at the right time, unless you are ready. The most important question is: 'Are your ready?‘ “ (Johnny Carson)

Questions?

Date 24 April 2017

Greg KingAssociate Vice President for Economic Development Georgia Techgreg.king@gatech.edu