Innovate

NorthTexas

Catalyst for Technology Commercialization and Business Innovation

Welcome to North Texas!

Dramatic population growth ahead for North Texas

• 6.5 MM residents in 2010• 3.825 MM workers in the workforce• 221,000 high tech workers• Region is growing by 150,000 residents per year• 3 MM new residents over next 20 years• 9.5 million residents by 2030• Of the 3MM new residents,1.77 MM workers in the workforce • Average wages in North Texas dropped 4% in 10 years• For new residents, low-paid service jobs or high-paid tech jobs?• Average tech job pays $38K more per year than average private sector job• If things stay the same -> 324,000 high tech workers by 2030• Our goal: double the projected number of high tech workers in the region…• … resulting in 427,000 not 324,000 high tech workers• This would add $3.9 billion a year impact on North Texas economy.

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Requirements for a vibrant innovation ecosystem

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Two important books: Silicon Valley Edge and Silicon Valley Fever

How North Texas stacks up

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Stakeholders in the Innovation Ecosystem

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Corporations

Funding Sources

Universities

Entrepreneurs

The Innovation Ecosystem

Jobs

Commercialization

Product Development

Funding

Intellectual Property

Business Need

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Department of Commerce

“Universities have long been a critical driver of innovation in the US.  We are committed to working with university leaders to increase the economic impact of our nation’s investment in research and development to help drive economic growth and job creation.”

Secretary of Commerce Gary Locke

“How well America moves ideas out of the research lab and into the marketplace will determine whether thousands, perhaps millions of good jobs in high-growth industries like clean energy, biotechnology and IT will be created here in America for the benefit of our workers.”

Assistant Secretary of Commerce for Economic Development John Fernandez

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A New Paradigm for Economic Development – The Rockefeller Institute

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Across America, higher education institutions are working to become key drivers of economic development.

Research and development of new ideas to strengthen the country’s competitive edge.

Helping to deploy these innovations into commercial use.

Providing knowledge-focused services to employers.

Leadership role in the cultural, social, and educational revitalization of their home communities.

Educating people to succeed in the innovation age.

Georgia Research Alliance

• Initiated when Georgia lost MCTC to Austin, TX

• Alignment of business, academic and government interests

• Focus on Opportunity Creation in three key areas: Eminent Scholars Centers of Research Excellence Commercialization

• In 20 years, GRA results:

• Generated $2.6 billion in federal and private investment• Increased sponsored research dollars by 250 percent• Recruited 62 world-renowned Eminent Scholars in areas of strategic importance• Launched 175 companies• Created 5,500 high tech, high wage jobs

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What the region lacks in natural resources, boosters make up for in vision!

1841 Dallas was founded.1850 Dallas beat Farmers’ Branch as county seat.1858 Galveston was the largest city in Texas, and Dallas was only #17.1880s The Dallas Morning News became Texas’ dominant newspaper.1885 With five major railroad lines, Dallas became a key distribution center.1901 Dallas boosters started annual trade missions around the Southwest.1914 Successful campaign to locate new Federal Reserve Bank in Dallas.1917 Dallas Love Field opened.1936 Dallas was host city for centennial celebration of Texas’ Independence.1974 DFW International Airport opened.2009 Dallas/North Texas became the fastest growing metropolitan area in the

U.S.

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Introducing Innovate North Texas

Drive economic development throughout the innovation ecosystem.

Focus on demand-driven new technology development.

Facilitate interaction and collaboration among corporations, universities,

entrepreneurs and funding sources.

Educate community at large about innovation.

Represent technology and innovation perspectives to companies interested in

relocating to North Texas.

Corporations

Funding Sources

INTX

Universities

Entrepreneurs

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Innovate North Texas – key industry focus

Healthcare

IT Services

Logistics

Energy

Aerospace

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Innovate North Texas – the first two years

Provide forums to foster cross fertilization for collaboration and technology transfer.

Education programs

Strategic research briefings

Brainstorming sessions / innovation workshops

Corporation-sponsored university programs

Innovation gymnasiums

Commercialization workshops

Demand-driven new technology development

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The INTX Angle: Demand-Driven New Technology Development

• Going beyond basic venture creation

• Bridging the gap between early-state development and true commercialization

• Working with corporations across North Texas in six-stage valuation process

Identify technology-driven business growth needs

Acquire IP from universities and similar sources

Identify suitable entity to apply further development

Build management team for intermediary business

Arrange funding for additional development

Measure IP against predefined specifications

Sell business to client corporation

QUESTIONS AND COMMENTS?

Innovate

NorthTexas

Catalyst for Technology Commercialization and Business Innovation