ECONOMIC DEVELOPMENT AND TECHNOLOGICAL INNOVATION€¦ · ECONOMIC DEVELOPMENT AND TECHNOLOGICAL INNOVATION Sul Kassicieh ... 3 Economic Development Sul Kassicieh. PROPOSAL FOR TECHNOLOGY

ECONOMIC DEVELOPMENT AND TECHNOLOGICAL INNOVATION

Sul Kassicieh

ASM Endowed Chair in Economic Development

Distinguished Professor of Management of Technology

Anderson School of Management

University of New Mexico

INTRODUCTION

• Regions seek economic development activities that will create high-paying jobs and wealth

• Economic development can provide jobs in all levels of the economy but the highest benefits accrue when we create jobs at the top of the economic pyramid (creating a multiplier effect)

Sul KassiciehEconomic Development2

AT THE TOP OF THE PYRAMID

• The top of the economic pyramid is where technology plays a major part in the product development and product manufacturing

• This is where products are not sold as commodities but as special goods and prices are not set by the market but by the innovator.

Sul KassiciehEconomic Development3

PROPOSAL FOR TECHNOLOGY COMMERCIALIZATION

• Create cooperation between the US andBrazil to enhance entrepreneurship based oninnovation and technology

• Focus on increasing the number ofinnovative projects that create new ways ofsolving problems in specific focus areas suchas water

Sul KassiciehEconomic Development4

OBJECTIVES

• Create links between academia, industry and government

• to facilitate the creation of a pipeline in both direction of technology and products that can help the economies of both countries

• To create strategic alliances for solving problems that hinder the development of solutions in each country

Sul KassiciehEconomic Development5

GROUPS

• Research organizations such as Sandia, Los Alamos National Laboratories, Air Force Research Laboratories as well as the equivalent Brazilian R&D Centers (INCTs, INPE, SUFRAMA)

• Companies such as Altela, Aqua Access as well as Brazilian groups such as the companies in Manaus Industrial Pole , Instituto Amazonia, Petrobras, etc.

Sul KassiciehEconomic Development6

START-UP

• Today’s presentations are an example of the type of cooperation that can be enhanced

• Companies from the US looking for partners in Brazil to sell and ultimately manufacture their products if the demand exists for such products

• Companies in Brazil that are interested in this discussion and in coming to the US to collaborate on commercialization activity

Sul KassiciehEconomic Development7

HOW CAN WE DO IT?

• Working in a network, we create a Innovation Ecosystem to create deal flow in multiple directions:

• identify markets easily,

• facilitate business development,

• prove concepts, develop benchmarks, customize products and services,

• Accelerate the growth of companies

Sul KassiciehEconomic Development8

BUSINESS CONCEPT

• We start with the low hanging fruit in areas that we are familiar with such as water and work on identifying the needs in each of the markets.

• The work extends to business planning in other areas so that we can identify other opportunities

Sul KassiciehEconomic Development 9

BENEFITS

• More companies created.

• More technology deal flow.

• More jobs/ wealth creation.

• Win/Win for everyone.

• Creation of new companies with new job opportunities.

Sul KassiciehEconomic Development10