HOW UAH IMPACTS THE ECONOMY...UAH Incubator •Diversified Job Creation in Alabama •Wealth...
Transcript of HOW UAH IMPACTS THE ECONOMY...UAH Incubator •Diversified Job Creation in Alabama •Wealth...
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HOW UAH IMPACTS THE ECONOMY
• Workforce Development – 2/3 of in Eng, Sci, Bus
• Business attraction
• Boeing R&T
• Raytheon
• Remington
• Business assistance
• SBDC
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HOW UAH IMPACTS THE ECONOMY
• Research and Development
• Innovation/Entrepreneurship
• Innovation, Commercialization, and
Entrepreneurship (ICE) Lab
• Office of Technology Commercialization
• Patenting
• IP Marketing
• Spin-out (startup) companies
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UAH biotech startup iXpressGenes at
HudsonAlpha founded by Joe Ng
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HUNTSVILLE INCUBATORS
• HudsonAlpha - Biotech
• Lowe Mill – Arts & Entertainment
• Clinton Row – Retail
• BizTech –Technology
• Huntsville West
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• IP (UAH, DOD, NASA, Companies, Individuals)
• Investment (Angel, VC, etc.)
•Highly Educated Workforce
Assets Leveraged
•Networking
•Coaches and Mentors
•Business and Technical Expertise
•Physical Space for Startups
• IP Strategy Development
•Access to Specialized Equipment
• Incubation and Acceleration
•Minimizing Stay
UAH Incubator
•Diversified Job Creation in Alabama
•Wealth Generation in Alabama
• Sustained Economic Growth in Alabama
•Recruiting /Retaining Innovators to/in Alabama
Results
A UAH INCUBATOR
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A UAH INCUBATOR
• Business plan development
• Student projects
• Faculty expertise
• Specialized equipment
• Specialized facilities
• Shared facilities/services
• All-in lease rate
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KEY DRIVERS OF SUCCESS*
• University-linked incubator
• Being part of an active entrepreneurial community
• Culture, people, relationships, innovation+business
strategies**
• High-quality training and education
• Choosing the right companies
• Being entrepreneur-centric
• Focusing on acceleration, not incubation
• Minimizing stay in incubator
*Bay Area Council
Economic Institute and
Booz & Co., 2012
**Global Benchmark
2013, UBI Index
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NEIGHBORING STATES
Florida
– University of Florida Innovation Hub
– Florida State University InNOLEvation Accelerator
– University of South Florida Tampa Bay Tech Incubator
Georgia
– Georgia Tech Enterprise Innovation Institute
– University of Georgia BioBusiness Center
– Georgia State University CollabTech
Tennessee
– UT Knoxville UTRF Business Incubator
– Tennessee State University Nashville Business Incubation Ctr.
– University of Memphis Fed-Ex Institute of Technology
Mississippi
– Mississippi State University Business Incubator
– University of Mississippi Innovation Hub
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A UAH INCUBATOR
Wilson Hall
Incubator
Business
Administration
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A UAH INCUBATOR
• 43,000 residents from 15
counties
• Redstone has more patents
applied for and issued than
any other entity in the SE US • DoD’s mission focused on
warfighter; commercialization
not a priority
• No N AL ecosystem for
identifying dual use
technologies
• UAH has
• Small Business Development Center
• Office of Technology Commercialization
• Opportunity/ability to leverage regional assets
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“Army Materiel Command, UAH team
up for logistics certificate program for
AMC employees,” al.com, Jan 08, 2015
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Oct 4 Honors College Launch Dinner at the
Davidson Center for Space Exploration
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Charger Union
SWIRLL Rise School
Nursing
Greenway (I)
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Univ Dr Entrance
Holmes Ave Entrance
Greenway (II) Student Services
Holmes Ave Entrance
Madison
Charger Park Parking
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University Park
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Creating a music recording studio including
an 8028 Neve sound-mixing console
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Coming Spring 2016 ─ Student
Services Building
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Coming spring 2016
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