1. Regional Economic Impact Workshop
LaPorte, Indiana
October 6, 2011

2. • Five asset networks of an effective innovation &
entrepreneurship system
• Four stages of entrepreneurship and innovation
network development
• The role of the incubator/accelerator as a network
hub
• Qualities & responsibilities of a network leader
• How to move an innovation & entrepreneurship
network to the next level in its development

3. Innovation and Entrepreneurship is like…

5. • The Horse – The Innovation

6. • The Horse – The Innovation
• The Jockey – The Entrepreneur

7. • The Horse – The Innovation
• The Jockey – The Entrepreneur
• The Track – The Community

8. K-12 Technology Pipeline
Workforce Training Economic Gardening
Community Colleges Capital
Universities Mentoring
Partnerships  Strategic Alliances  New Models
Broadband Marketing
Physical Space Advertising
Network Development
Social Media
Buzz

9. • Build world-class brainpower
• Channel some of that brainpower toward
innovation and entrepreneurship
• Create quality, connected places where “hot
spots” develop
• Create a buzz with new narratives (both internal &
external)
• Get creative with new ways to collaborate

12. 20 Mentors
10 Weeks
Cash
Free Stuff
Demo Day

15. Clark Atlanta University
Emory University
Georgia Institute of Technology
Georgia State University
Georgia Health Sciences University
University of Georgia

16. • Entrepreneurship Peer Networks
• Energizing Entrepreneurship
• Companies to Watch
• Eureka Winning Ways
• Zoning for Home-Based Businesses
• Business Plan Competitions
• STEM Entrepreneurship Camp
• K-12 Teacher Training
• Economic Gardening
• Entrepreneurship Certificate
Program
• Technology Showcases
• Angel Network Events
• Skunkworks

17. • How was innovation & entrepreneurship talent
developed?
• What sort of support was offered?
• What new narrative was developing?
• How was Inventrek a quality, connected “Hot Spot?”
• What sort of collaborations were developed?
http://www.youtube.com/watch?v=vI9LpKVQEs4

18. • 227 K-12 teachers trained to teach entrepreneurship
• 1,536 students (future entrepreneurs) enrolled in
entrepreneurship programs
• 1,851 existing and emerging adult entrepreneurs trained
• 654 new products, services, and top-line growth ideas created
• 102 business plans developed
• 13 new start-up business launched
• 361 jobs created
• $3.5 million in industry cost savings realized
• $1.6 million in industry sales growth
• $4 million in industry sales retained

19. ACEnet provides a wide range of
assistance to food, wood, and
technology entrepreneurs in 29
counties of Appalachian Ohio

20. Had a hunch that there was the potential for a network of
tomato producers. Mapped the network by asking existing
and emerging food professionals three questions:
• From whom do you get new ideas that benefit your
work?
• From whom do you access expertise that improves
your operations?
• With whom do you collaborate?

22. Kitchen Incubator became a
hub for restaurateurs and
farmers

24. • Farmers Market
• Outdoor Café
• Restaurant Association

27. • 20-plus boutique salsa businesses in the region
• $700 annual sales among new businesses
• Trains over 200 existing and emerging entrepreneurs
annually
• 350 gallons and 445 lbs of fresh and preserved foods
delivered to the region’s food pantries each year

28. OK, fair enough, but…
– What hubs or potential hubs to you have?
– In what ways are these hubs different?
– In what ways are these hubs similar?
– What lessons can you learn from this case study?


29. NEW NETWORK LEADER ROLE RESPONSIBILITIES
Convener Maintains the collaborative spaces
Connector Links people, networks, and assets
Civic Entrepreneur Sees new opportunities
Guide, Mentor Maps complex processes
Strategist Reveals larger patterns
Synthesizer Distills conversations into key points and
patterns
Storyteller Uses social media and other tools to
create new narratives

32. • ACENet - http://www.acenetworks.org/
• Capital Factory - http://www.capitalfactory.com/
• Entrepreneurship Hall @ RIT - http://www.rit.edu/research/simonecenter/
• Flagship2 - http://www.charlestonflagship.com
• Georgia Research Alliance - http://www.gra.org/
• Kokomo Innovates - http://www.youtube.com/watch?v=vI9LpKVQEs4
• Purdue Research Park - http://www.purdueresearchpark.com/

33. Scott Hutcheson
Purdue University
Purdue Extension & Purdue Center for Regional Development
Burton D. Morgan Center for Entrepreneurship
1201 W. State Street, Room 227
765-479-7704 (mobile)
hutcheson@purdue.edu
www.pcrd.purdue.edu
www.pcrd.typepad.com
www.facebook.com/PurdueCRD
www.twitter.com/pcrd