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

WHAT IS AN IDEA FACTORY?
It can be a university, research institute, large
hospital, national weapons laboratory or a large
private sector company.

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

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?

5 STAGES OF THE
COMMERCIALIZATION ECOSYSTEM

STAGE 1
START UP
UNIVERSITY
SETTING
FINANCING
TEAM
SCIENTISTS&
RESEARCHERS
ONLY
GOV’T
LARGE CO’S

STAGE 1 STAGE 2
START UP DEVELOPMENT
UNIVERSITY INCUBATOR/
HALFWAY
HOUSE
SETTING
FINANCING
TEAM
SCIENTISTS&
RESEARCHERS
ONLY
TEAM GROWS:
- MARKETING
- FINANCE
OTHER KEY INPUTS:
- MENTORING
- PEER NETWORKING
- SKILLED LABOR
- NETWORKING MECHANISMS
GOV’T
LARGE CO’S
SBA
ANGELS
FOUNDATIONS

INCUBATORS

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.

STAGE 1 STAGE 2 STAGE 3
START UP DEVELOPMENT MARKET
FACING
UNIVERSITY INCUBATOR
/ HALFWAY
HOUSE
OFFICE
SETTING
FINANCING
TEAM
SCIENTISTS&
RESEARCHERS
ONLY
TEAM GROWS:
- MARKETING
- FINANCE
PROFESSIONAL
CEO MAY BE
REQUIRED
OTHER KEY INPUTS:
- MENTORING
- PEER NETWORKING
- SKILLED LABOR
GOV’T
LARGE CO’S
SBA
VC FUNDING
ANGELS
FOUNDATIONS

STAGE 1 STAGE 2 STAGE 3 STAGE 4
FACING
VALLEY OF
DEATH
/ HALFWAY
HOUSE
OFFICE
SETTING
FINANCING
TEAM
SCIENTISTS&
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
GOV’T
LARGE CO’S
SBA
VC FUNDING
ANGELS
FOUNDATIONS

STAGE 1 STAGE 2 STAGE 3 STAGE 4 STAGE 5
FACING
VALLEY OF
DEATH
FULLY
COMMERCIALIZED
/ HALFWAY
HOUSE
OFFICE
SETTING
FINANCING
GOV’T
LARGE CO’S
SBA
VC FUNDING
TEAM
SCIENTISTS&
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
ANGELS
FOUNDATIONS

FACING
VALLEY OF
DEATH
FULLY
COMMERCIALIZED
/ HALFWAY
HOUSE
OFFICE
SETTING
FINANCING
GOV’T
LARGE CO’S
SBA
VC FUNDING
TEAM
SCIENTISTS&
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
ANGELS
FOUNDATIONS
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
http://www.truceinc.com/
‣ Shortages of skilled & technical labor that make
it harder to achieve scale.

FACING
VALLEY OF
DEATH
FULLY
COMMERCIALIZED
/ HALFWAY
HOUSE
OFFICE
SETTING
FINANCING
GOV’T
LARGE CO’S
SBA
VC FUNDING
TEAM
SCIENTISTS&
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
ANGELS
FOUNDATIONS
WHERE 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.

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?
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
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
anticipating their
needs in 5-10
years?
Good fortunes
for your
region lie
ahead
http://www.redkid.net/generator/8ball/

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
WILLIAM J. HOLSTEIN
THE
NEXT
AMERICAN
ECONOMY
Available in print and
e-reader formats today.

Colorado Innovation Network Summit 2013: Hot Spots

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