Universities as Anchors to Regional Innovation

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Presentation at the University Economic Development Association | October 2013. Discusses the insights we have gained at Purdue on the role universities play in anchoring a regional innovation ecosystem.

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ED MORRISONOCTOBER, 2013

UNIVERSITIES AS ANCHORSFOR REGIONAL INNOVATIONED MORRISONPURDUE UNIVERSITYUEDA 2013

1

From closed to open...

We can replicate and scale....

A new path...

Locations of Purdue Strategic Doing

Workshops

Thinking Differently Behaving DifferentlyDoing Differently

Thinking Differently Behaving DifferentlyDoing Differently

Explain the real dynamics

Get good at “link and leverage”

9

Open Innovation

Productivity

Prosperity

Core Team guides development of a strategic agenda

Higher educational institution supporting the cluster with education, training and research

Connect networks to innovation

10

Introduce the ecosystemStart-up firms

Venture investor and angel networks

Colleges and universities

Skilled talent pool

Innovating Stage 2

Companies

Provides ideas, incubators

and smart people

Provides capitaland expertise

Recruits smart people

Recruits and trains smart people

Provides networkand mentoring to

start-ups

Provides R&D partners

Recruits and supplies

smart people

Provides investment

and generates wealth

Provides training support to clusters

Acceleratesnew venture investment

Source: Ed Morrison, Purdue Center for Regional Development. Distributed with Creative Commons 3.0 Attribution license

Thinking Differently Behaving DifferentlyDoing Differently

12

Create new civic spaces

Connect civility to innovation

Thinking Differently Behaving DifferentlyDoing Differently

Teach agile strategy

16

Use a simple strategy mapBrainpower Innovation

EntrepreneurshipNetworks

New Narratives

Quality, Connected

Places

CollaborationStrategic Doing

17

Visualize complex systemsBrainpower Innovation

EntrepreneurshipNetworks

New Narratives

Quality, Connected

Places

CollaborationStrategic Doing

“If your actions inspire others to dream more, learn more, do more and become more, you are a leader.”

John Quincy Adams

Promote new (old) ideas

Thank youED Morrisonedmorrison@purdue.edu

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