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Innovation Districts and Innovation Hubs

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Innovation Districts and Innovation Hubs

  1. 1. Innovation Districts and Innovation Hubs Dr John Breslin, NUI Galway
  2. 2. “Innovation districts constitute the ultimate mash up of entrepreneurs and educational institutions, start-ups and schools, mixed-use development and medical innovations, bike-sharing and bankable investments—all connected by transit, powered by clean energy, wired for digital technology, and fueled by caffeine.” -- Brookings, The Rise of Innovation Districts What’s an innovation district?
  3. 3. ● Coworking space: A shared office space where startups rent desks or take periodic/temporary desk space called “hot desks” ● Incubator: An organisation that helps new and startup companies to develop by providing services such as management training or office space ● Accelerator: Fixed-term, cohort-based programs, that include mentorship and educational components and culminate in a public pitch event or demo day - typically office space and seed funding of up to 50k is given to each company Innovation Hubs can house...
  4. 4. ● In the US: ○ Atlanta, Baltimore, Buffalo, Cambridge, Cleveland, Detroit, Houston, Philadelphia, Pittsburgh, St. Louis, San Diego, Boston, Brooklyn, Chicago, Portland, Providence, San Francisco and Seattle ● Worldwide: ○ Manchester, Sheffield, Barcelona, Berlin, London, Medellin, Montreal, Seoul, Stockholm and Toronto ● Ireland: ○ Innovation District in Galway ○ Also Innovation Hubs in Westport, Sligo, Skibbereen, Drogheda, more emerging... Where is this happening?
  5. 5. Visiting the San Diego Innovation District
  6. 6. Don’t wait for five or ten year plans: pick a building, show that it can house an innovation hub, through its success grow into other buildings and spaces nearby Right in a town or city centre, attractive location for companies, walkable to the transportation hubs, cafés and restaurants, colleges, etc. Hold open workshops in a shared area to skill up local companies and the community in emerging tech (cloud and web frameworks, app development, etc.) Allow companies to co-work in a space that allows them to leverage each other’s expertise, bounce (ideas) off each other, collaborate with and mentor others Incorporate if possible one or all of the following spaces to make stuff: hackerspace / makerspace, fab lab, science gallery, etc. Have a hot desk area for short-term visitors to the city, so that they can experience what it’s like to be a local, and hopefully apply for citizenship later on Lean approach Location is key Community focus Co-working space Make and create Visitor friendly Some of the principles
  7. 7. The Home of Innovation in the West of Ireland Maurice O’Gorman Chairman, GCID
  8. 8. 24 companies employing 64 people 30 community events 21 industry events 15 innovation events 2 games jams 1 hackathon 13 additional jobs created 2000+ visitors Opened in May 2016
  9. 9. What’s next? ● Accelerator launch: Q1 2017 ● Live streaming of events ● Second building: The Stables 2018
  10. 10. Pre-start Start-up Early Stage Later Stage Course Competitions Coworking Incubator Accelerator Incubation Active Seed What is needed? ● Supports for accelerators ● Early stage access to capital

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