Creating Regional Innovation Clusters: Lessons from the U.S. Experience
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Transcript of Creating Regional Innovation Clusters: Lessons from the U.S. Experience
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Creating Regional Innovation Clusters:Lessons from the U.S. Experience
ByRay Smilor, PhD
Schumacher Fellows in Innovation and TechnologyProfessor of Professional Practice
Neeley School of BusinessTexas Christian University
Senior Fellow, CFE
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Agenda
I. The U.S. Regions– Research Triangle Park, North Carolina– Austin, Texas– San Diego, California
II. Framework for Cluster DevelopmentIII. Lessons from the U.S. Experience
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I. The U.S. Regions
* San Diego, CA* San Diego, CA
*Austin, TX*Austin, TX
*Research Triangle Park, NC*Research Triangle Park, NC
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I. The U.S. Regions
Research Triangle Park, NC•1950 – present•3 leading research universities•Spin-out companies•Culture of innovation
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I. The U.S. Regions
Austin, Texas•1970s – present•Unique culture (Keep Austin Weird)•Collaborative environment•Creation of venture capital
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I. The U.S. Regions
San Diego, California•1960 – present•Creation of research university•Focus on life sciences/defense•Vibrant tourism industry
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II. Framework for Cluster Development
RegionalCluster
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II. Framework for Cluster Development
RegionalCluster
TalentVisionary Leadership
(internal)Entrepreneurs
(external)
PartnershipsCorporations
Catalyst OrganizationsLocal/State Government
Incendiary Event
Mobilization of Business,
Academia, Government
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II. Framework for Cluster Development
RegionalCluster
TalentVisionary Leadership
(internal)Entrepreneurs
(external)
PartnershipsCorporations
Catalyst OrganizationsLocal/State Government
Incendiary Event
Mobilization of Business,
Academia, Government
Culture for InnovationRole Models
Tolerance/DiversityNetworks
Capital
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II. Framework for Cluster Development
RegionalCluster
TalentVisionary Leadership
(internal)Entrepreneurs
(external)
PartnershipsCorporations
Catalyst OrganizationsLocal/State Government
Incendiary Event
Mobilization of Business,
Academia, Government
Culture for InnovationRole Models
Tolerance/DiversityNetworks
Capital }Outcomes
Technology DevelopmentTech Transfer
Job GenerationWealth Creation
Recognition/Prestige
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III. Lessons from the U.S. Experience
1. Visible, visionary, and passionate leadership– Bridged worlds of
business/academia/government– Brought credibility to efforts– Exerted influence due to their stature, success
and personal persuasiveness
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III. Lessons from the U.S. Experience
2. An incendiary event– Ignited coordinated strategy
• RTP Structure• Recruitment of major company• Launch of new university
– Brought disparate groups/interests together– Generated excitement
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III. Lessons from the U.S. Experience
3. A catalyst organization– Unconventional organization to catalyze
community• Council for Entrepreneurial Development• IC2 Institute• CONNECT
– Built networks among investors, entrepreneurs, academics, service providers
– Provided training, conferences, competitions
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III. Lessons from the U.S. Experience
4. The role of corporations– Drawn to region by high quality of life, tax
incentives, access to talent– Brought technical expertise, resources,
experienced managers– Partnered with universities
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III. Lessons from the U.S. Experience
5. Compelling role models– Identified, recognized, celebrated people worthy
of emulation– Reflected values of region– Showed success could be achieved – provided
information, insight, inspiration
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III. Lessons from the U.S. Experience
6. Increasing financial base– Funding difficult at the start– Chicken or egg – money or deal– Growth of business angels and venture capital
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III. Lessons from the U.S. Experience
7. Culture for innovation– Promotion of creative class– Tolerance/diversity– Quality of life