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.
9. Connect networks to innovation
Prosperity
Core Team guides
development of a strategic agenda
Productivity
Open
Innovation
Higher educational institution
supporting the cluster with
education, training and research
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10. Introduce the ecosystem
Start-up firms
Provides capital
and expertise
Provides ideas,
incubators
and smart people
Recruits
smart people
Venture investor
and angel networks
Accelerates
new venture
investment
Colleges and
universities
Recruits and
trains smart people
Provides network
and mentoring to
start-ups
Provides
investment
and generates
wealth
Provides
R&D partners
Provides training
support to clusters
Skilled talent
pool
Recruits and
supplies
smart people
Innovating
Stage 2
Companies
Source: Ed Morrison, Purdue Center for Regional Development. Distributed with Creative Commons 3.0 Attribution license
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