AUTHOR OF WHY GM MATTERS BLUEPRINT FOR A REAL RECOVERY WILLIAM J. HOLSTEIN THE NEXT AMERICAN ECONOMY Hot Spots WilliamJHolstein.com How American Cities, States, and Regions Create Technology Clusters Presentation for Colorado State University August 29, 2013 Follow along at slideshare.net Search: Bill Holstein Colorado State
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Hot Spots Presentation to Colorado State University
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A U T H O R O F W H Y G M M A T T E R S
BLUEPRINT FOR A REAL RECOVERY
WILL IAM J . HOLSTEIN
T H E
N E X T A M E R I C A N E C O N O M Y
Hot Spots
WilliamJHolstein.com
How American Cities, States, and Regions Create Technology Clusters
Presentation for Colorado State University
August 29, 2013
Follow along at slideshare.netSearch: Bill Holstein Colorado State
OCT. 19,1992
WHAT IS A CLUSTER?
WHAT IS A CLUSTER?
By “cluster,” we mean a successful example of technology-based growth such as:
‣ San Diego’s genomics and wireless industries
‣ Silicon Valley’s I.T.-related industries
‣ Dallas area’s telecommunications hub
WilliamJHolstein.com
WHAT IS AN IDEA FACTORY?
WHAT IS AN IDEA FACTORY?
It can be a university, research institute, large hospital, national weapons laboratory or a large private sector company.
WilliamJHolstein.com
WHAT IS AN IDEA FACTORY?
It is characterized by:‣ Sustained Interactions‣ Both Formal and Informal
Between:‣ Different disciplines‣ Different cultures, nationalities
With A Mix of Basic and Applied Research
Mostly Funded by Government and Corporations
WilliamJHolstein.com
HOW DO IDEAS LEAVE THE FACTORY?
HOW DO IDEAS LEAVE THE FACTORY?
The key is the technology licensing and patenting office.
‣ Under what terms does the office allow development of a technology?
‣ Does it facilitate robust exchange of ideas between "inside" and "outside?"
‣ What resources does it possess?
WilliamJHolstein.com
5 STAGES OF THE COMMERCIALIZATION ECOSYSTEM
STAGE 1
START UP
UNIVERSITYSETTING
FINANCING
TEAMSCIENTISTS & RESEARCHERS ONLY
WilliamJHolstein.com
GOV’TLARGE CO’S
STAGE 1 STAGE 2
START UP DEVELOPMENT
UNIVERSITY INCUBATOR/ HALFWAY
HOUSE
SETTING
FINANCING
TEAMSCIENTISTS & RESEARCHERS ONLY
TEAM GROWS: - MARKETING- FINANCE
OTHER KEY INPUTS:- MENTORING- PEER NETWORKING- SKILLED LABOR- NETWORKING MECHANISMS
WilliamJHolstein.com
GOV’TLARGE CO’S
SBAANGELS
FOUNDATIONS
INCUBATORS
WilliamJHolstein.com
INCUBATORS
There are more than 1,000 incubators in the U.S. Why are they not more effective?
‣ Funding is short-term and dependent on governors, mayors, and chambers of commerce.
‣ Income streams from rentals to start-ups is so important they do not encourage the companies to leave.
‣ They do not establish themselves at the heart of a technology cluster.
WilliamJHolstein.com
STAGE 1 STAGE 2 STAGE 3
START UP DEVELOPMENT MARKET FACING
UNIVERSITY INCUBATOR / HALFWAY
HOUSE
OFFICESETTING
FINANCING
TEAMSCIENTISTS & RESEARCHERS ONLY
TEAM GROWS: - MARKETING- FINANCE
PROFESSIONAL CEO MAY BE REQUIRED
OTHER KEY INPUTS:- MENTORING- PEER NETWORKING- SKILLED LABOR- NETWORKING MECHANISMS
WilliamJHolstein.com
GOV’TLARGE CO’S
SBA
VC FUNDING
ANGELSFOUNDATIONS
STAGE 1 STAGE 2 STAGE 3 STAGE 4
START UP DEVELOPMENT MARKET FACING
VALLEY OF DEATH
UNIVERSITY INCUBATOR / HALFWAY
HOUSE
OFFICESETTING
FINANCING
TEAMSCIENTISTS & RESEARCHERS ONLY
TEAM GROWS: - MARKETING- FINANCE
PROFESSIONAL CEO MAY BE REQUIRED
CEO + FULL FINANCIAL TEAM- MANUF.- LOGISTICS- SALES
OTHER KEY INPUTS:- MENTORING- INCUBATORS- PEER NETWORKING- NETWORKING MECHANISMS
WilliamJHolstein.com
GOV’TLARGE CO’S
SBA
VC FUNDING
ANGELSFOUNDATIONS
STAGE 1 STAGE 2 STAGE 3 STAGE 4 STAGE 5
START UP DEVELOPMENT MARKET FACING
VALLEY OF DEATH
FULLY COMMERCIALIZED
UNIVERSITY INCUBATOR/ HALFWAY
HOUSE
OFFICESETTING
FINANCINGGOV’T
LARGE CO’SSBA
VC FUNDINGTEAMSCIENTISTS & RESEARCHERS ONLY
TEAM GROWS: - MARKETING- FINANCE
PROFESSIONAL CEO MAY BE REQUIRED
CEO + FULL FINANCIAL TEAM- MANUF.- LOGISTICS- SALES
OTHER KEY INPUTS:- MENTORING- INCUBATORS- PEER NETWORKING- NETWORKING MECHANISMS
WilliamJHolstein.com
ANGELSFOUNDATIONS
STAGE 1 STAGE 2 STAGE 3 STAGE 4 STAGE 5
START UP DEVELOPMENT MARKET FACING
VALLEY OF DEATH
FULLY COMMERCIALIZED
UNIVERSITY INCUBATOR/ HALFWAY
HOUSE
OFFICESETTING
FINANCINGGOV’T
LARGE CO’SSBA
VC FUNDINGTEAMSCIENTISTS & RESEARCHERS ONLY
TEAM GROWS: - MARKETING- FINANCE
PROFESSIONAL CEO MAY BE REQUIRED
CEO + FULL FINANCIAL TEAM- MANUF.- LOGISTICS- SALES
OTHER KEY INPUTS:- MENTORING- INCUBATORS- PEER NETWORKING- NETWORKING MECHANISMS
WilliamJHolstein.com
ANGELSFOUNDATIONS
WHERE ARE THE GAPS???
‣ Absence of venture capital for early stage companies.
‣ Mechanisms for introducing Ph.D. would-be entrepreneurs to MBA-trained corporate executives.
MOST COMMON GAPS
WilliamJHolstein.com
http://www.truceinc.com/
‣ Shortages of skilled & technical labor that make it harder to achieve scale.
STAGE 1 STAGE 2 STAGE 3 STAGE 4 STAGE 5
START UP DEVELOPMENT MARKET FACING
VALLEY OF DEATH
FULLY COMMERCIALIZED
UNIVERSITY INCUBATOR/ HALFWAY
HOUSE
OFFICESETTING
FINANCINGGOV’T
LARGE CO’SSBA
VC FUNDINGTEAMSCIENTISTS & RESEARCHERS ONLY
TEAM GROWS: - MARKETING- FINANCE
PROFESSIONAL CEO MAY BE REQUIRED
CEO + FULL FINANCIAL TEAM- MANUF.- LOGISTICS- SALES
OTHER KEY INPUTS:- MENTORING- INCUBATORS- PEER NETWORKING- NETWORKING MECHANISMS
WilliamJHolstein.com
ANGELSFOUNDATIONSWHERE ARE THE
OVERLAPS???
MOST COMMON OVERLAPS
If a state or region has too many competing institutions…and too much institutional rigidity…the result is confusion for end-users.
Resources are not properly focused…no one program achieves scale.
WilliamJHolstein.com
MOST COMMON OVERLAPS
KEY QUESTIONS:
‣ Do government agencies, political leaders, universities, institutes, innovation centers and the private sector have broad agreement on a strategic direction?
‣ …and who does what?
WilliamJHolstein.com
http://www.medicine.usask.ca/family/
TRAINING / RETRAINING ECOSYSTEM
Workers pay to take appropriate classes
Support from:- Fed / State / Local- Foundations- Student Loans
Companies require specific skills, advise community colleges on courses, provide equipment and instructors
WilliamJHolstein.com
COMMUNITY/TECHNICAL COLLEGE SYSTEM
Output
Well-trained workers for jobs that exist today and in the future
DOES EDUCATION FEED THE CLUSTER?
DOES EDUCATION FEED THE CLUSTER?
‣ Are community & technical colleges aligned with their region’s technology-based clusters?‣ Are they