The Next American Economy - Connecticut

BLUEPRINT FOR A REAL RECOVERY

THE

NEXT Connecticut’s
Economic Strategy
AMERICAN & Education’s Role
ECONOMY Presentation for the Connecticut
Academy of Science and Engineering’s
Workforce Alignment Study Committee
March 14, 2012
AUTHOR OF WHY GM MATTERS

WILLIAM J. HOLSTEIN

WilliamJHolstein.com

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 theterms? allow
development on favorable
office

‣ Does it facilitate robust exchange of ideas
between "inside" and "outside?"

‣ What resources does it possess?

COMMERCIALIZATION ECOSYSTEM:
5 STAGES

STAGE 1

START UP

SETTING
UNIVERSITY

FINANCING
GOV’T
ANGELS
FOUNDATIONS

TEAM
SCIENTISTS &
RESEARCHERS
ONLY


STAGE 1 STAGE 2

START UP DEVELOPMENT

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


STAGE 1 STAGE 2 STAGE 3

START UP DEVELOPMENT MARKET
FACING
SETTING
UNIVERSITY INCUBATOR OFFICE
/ HALFWAY
HOUSE
FINANCING
ANGELS VENTURE
FOUNDATIONS CAPITALISTS
LARGE CO’S
TEAM
SCIENTISTS & TEAM GROWS: PROFESSIONAL
RESEARCHERS - MARKETING CEO MAY BE
ONLY - FINANCE REQUIRED
OTHER KEY INPUTS:
- MENTORING
- PEER NETWORKING
- SKILLED LABOR


STAGE 1 STAGE 2 STAGE 3 STAGE 4

START UP DEVELOPMENT MARKET VALLEY OF
FACING DEATH
SETTING
/ HALFWAY
HOUSE
FINANCING
ANGELS VENTURE
LARGE CO’S
TEAM
SCIENTISTS & TEAM GROWS: PROFESSIONAL CEO + FULL
RESEARCHERS - MARKETING CEO MAY BE FINANCIAL
ONLY - FINANCE REQUIRED TEAM
- MANUF.
OTHER KEY INPUTS: - LOGISTICS
- MENTORING - SALES
- INCUBATORS
- PEER NETWORKING


STAGE 1 STAGE 2 STAGE 3 STAGE 4 STAGE 5
MARKET FULL
VALLEY OF COMMERCIALIZ-
START UP DEVELOPMENT FACING DEATH ATION
SETTING
/ HALFWAY
HOUSE
FINANCING
ANGELS VENTURE
LARGE CO’S
TEAM
SCIENTISTS & TEAM GROWS: PROFESSIONAL CEO + FULL
RESEARCHERS - MARKETING CEO MAY BE FINANCIAL
- MANUF.
- MENTORING - SALES
- INCUBATORS
- PEER NETWORKING


MARKET FULL
SETTING

??
/ HALFWAY

S?
HOUSE

AP
FINANCING
GOV’T
ANGELS
GOV’T (SBA)

T
VENTURE
HE G
RE

EA
LARGE CO’S

H
TEAM

W ER
PROFESSIONAL CEO + FULL
CEO MAY BE FINANCIAL
- MANUF.
- MENTORING - SALES
- INCUBATORS
- PEER NETWORKING


MARKET FULL
SETTING

HE
/ HALFWAY

T
HOUSE

RE
FINANCING
GOV’T
ANGELS
H EREA
GOV’T (SBA)

??
VENTURE

W S?
FOUNDATIONS

AP
CAPITALISTS

RL
LARGE CO’S

VE
TEAM

ONLY
O
- FINANCE
PROFESSIONAL CEO + FULL
CEO MAY BE FINANCIAL
REQUIRED TEAM
- MANUF.
- MENTORING - SALES
- INCUBATORS
- PEER NETWORKING


WHERE ARE THE 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.


WHERE ARE THE OVERLAPS

KEY QUESTIONS:

‣ Do government agencies, politicalcenters and
universities, institutes, innovation
leaders,

the private sector have broad agreement on a
strategic direction?

‣ …and who does what?


TRAINING / RETRAINING ECOSYSTEM

Companies require specific skills, advise community
colleges on courses, provide equipment and instructors
Workers pay to take appropriate classes

COMMUNITY/TECHNICAL Output
COLLEGE SYSTEM Well-trained
workers for jobs
that exist today
and in the future
Support from:
- Fed / State / Local
- Foundations
- Student Loans


DOES EDUCATION FEED THE CLUSTER?

DOES EDUCATION FEED THE CLUSTER?
Currently, local educational institutions are falling
short when it comes to providing these industries
with a well-trained workforce to fill highly
technical roles:

‣ Aerospace
‣ Biotech/medical devices
‣ Sub-marine related technologies from Groton

BLUEPRINT FOR A REAL RECOVERY

THE

NEXT
AMERICAN
ECONOMY
Available in print and
e-reader formats today.
AUTHOR OF WHY GM MATTERS

WILLIAM J. HOLSTEIN


The Next American Economy - Connecticut

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