accelerating the creation of a world class center of ... the creation of a world ... high tech...

Client Name

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William A. Ghormley, Sr. Vice President, Xconomy

Nathaniel Welch, Sr. Manager, Center for Applied Research

Accelerating the Creation of a World Class Center of Innovation in Austin – Learning from Kendall Square and the Boston Experience

Downtown Austin Alliance

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Our Objective Today.....

•! What is an innovation cluster vs. a district?

•! What is happening in Boston and why?

•! How Austin can create further conditions for success?

Client Name

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A Brief History

Kendall Square: “The World’s Most Innovative Square Mile”


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Kendall Square!

Longwood Medical!

Boston Seaport!

$


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A Brief Timeline of Boston and Kendall Square

1629 - 1720’s: From farming town to port

1780’s - 1850’s: Dramatic post- revolution growth

1850’s - 1880’s: From clipper ships era to industrial boom: Telephone (1876)

1880’s - 1940’s: MIT moves (1916) Radar (1940)

1980’s - 2013: Kendall Square becomes, life ciences, high tech cluster

1950’s - 1980’s: Imaging, computers, aerospace, software, healthcare, biotech


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What do we mean by “cluster”?

Place matters

Concentrated Knowledge

Trusted relationships

Reputation mitigates

risk Reduced friction

Community Values Matter

Brand Power


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Self-Organizing elements of a successful cluster

Financial Capital

Geography Developable Space

Knowledge Capital

“Founderati” (Entrepreneurs)

Cultural Arts

Mass Transit


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Creating the seeds of opportunity – Rt 128

MENS ET MANUS “Mind and Hand”

RADAR


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Two divergent paths on whether academics could start companies.....

This created the locus of activity in Kendall Square


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Kendall Square attracted dollars for biotech and other research...

$600 million $400 million

$220 million (VC)

$135 million


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...and the Cambridge Innovation Center has been the magnet for entrepreneurs

"If technology and innovation are the lifeblood for our future, then CIC is ground zero.” Rob Weisman, The Boston Globe

Number What

$2B VC money raised by companies started at the CIC

1500 Number of companies have gotten their start at the CIC

40,000 Jobs created

7,368 Number of meetings held each month at the CIC

20,926 Number of cups of coffee made each month


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FROM (1964)


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TO (2012)


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Kendall Square!

Longwood Medical!

Boston Seaport!

$


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The Seaport Innovation District design as it is forming in 2013…


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… and the Longwood Medical Area

Longwood/Hospitals

Green Line:Riverside “D”

Longwood

Green Line:Arborway “E”

•Mission Hill LinkBus Stop

Brigham Circle

RoxburyCrossing

81947

CT2CT3

Museum of Fine Arts

Ruggles

Longwood Avenue

Tremont Street

Ward Street

Calum

et Street

Vin

ing

Stre

et

Kem

pton

St.

St. Albans Road

Wig

gles

wor

th S

tree

t

Wor

thin

gton

Str

eet

Fenwood Road

Francis Street

Shattuck

Binn

ey S

tree

t

Deaconess Road

Pilg

rim R

oad

Francis Street

To Brookline Village

Jamaicaw

ay

To R

t. 9

Joslin Place

Nes

sel W

ay

Short Street

Pilg

rim R

oad

Broo

klin

e A

venu

e

Riverw

ay

Riverway

Autum

n Street

Rt. 9

Hunt

ingt

on A

venu

e

Louis Prang Street

Museum Road

Ruggles Street

Tetlow Street

Ave

nue

Loui

s Pa

steu

r

Blac

kfan

Cir.

Evan

s W

ay

Evan

s W

ay

Pala

ce R

oad

Mea

dow

Lan

e Simmons Driveway

Park Drive

Fenway

Fenw

ay

Forsyth Way

Queen

sber

ry St

reet

Pete

rbor

ough

Stre

et

Monmouth Court

Carlton Street

Cha

pel S

tree

t

Boyls

ton

Stre

et

Street

Jimmy Fund Way Children’s Way

Leon Street

Forsyth Street

Hem

enw

ay S

tree

t

Trem

ont S

tree

t

Ann

unci

atio

n Ro

ad

Station Street

Park

er S

tree

t

Aven

ue o

f the

Arts

Gur

ney

Stre

et

Vanc

ouve

r St

reet

Fenway

Mon

mou

th St

reet

Beth Israel Deaconess Medical Center East Campus

Brigham and Women’s Hospital

333 Longwood Avenue

Beth Israel Deaconess Medical Center West Campus

Carl J. Shapiro Clinical Center

Emmanuel College

Harvard Medical School

CountwayLibrary

HarvardSchool of Dental Medicine

Harvard School of Public Health

Joslin Diabetes Center

Massachusetts College of Pharmacy and Health Sciences

Simmons College Residence Campus

Simmons College Academic Campus

Temple Israel

Wheelock CollegeMain Campus

Wheelock CollegeBrookline Campus

Wheelock CollegeBrookline Campus

The WinsorSchool

375 Longwood Avenue

Harvard Institutes of Medicine

New ResearchBuilding

BostonChildren's

Hospital

Galleria:Food CourtShops, Hotel

Boston Latin School

IsabellaStewartGardner Museum

Massachusetts Collegeof Art and Design

Wentworth Institute of Technology

Museum of Fine Arts

Northeastern University

Landmark Center

Museum School

Brigham and Women’s Hospital 221 Longwood

Back BayFens

Riverway

Brookline

Mission Hill

Fenway

AudubonCircle

Beec

h Ro

ad

Colche

ster S

treet

Col

ches

ter S

tree

t

Newell Road

819476065CT2CT3

81947CT2CT3

CT2

3966

81947CT3

81947CT3

CT3

8196065

47CT2

6065

39

66

39CT2

39

PoliceHeadquarters

Renaissance Park

Center forLife ScienceBoston

MerckResearchLaboratories

Longwood Avenue

BostonChildren’s Hospital

BostonChildren’sHospital

To KenmoreSquare

New Dudley Street

0 50 100 200

Legend

Accessible Entrance

Entrance

Restaurant

Coffee Shop

Retail Shop

Pharmacy

Hotel

Parking

MBTA Green Line Stop

Harvard Shuttle Stop

47 MBTA Bus Numbers

MBTA Bus Route

Bank/ATM

Massachusetts College of

Pharmacy and Health Sciences

LongwoodResearch Center

Mass. MentalFenwood Inn

Mass.MentalHealthCenter

Yawkey Centerfor Cancer Care

Dana-Farber Cancer Institute

ShapiroCardiovascularCenter

Blue CrossBlue Shield

Prentiss Street

Min

doro

Str

eet

Hal

leck

Str

eet

Beac

on St

reet

St. Mary’s Street

Mc Greevey Way

Horadan Way

Smith Street

St. A

lpho

nsus

Str

eet

Gore Street

Oscar Street

Terr

ace

Stre

et

319

Servicenter

Judge BakerChildren's Center

Cov

enge

r St

.

Parker Hill Avenue

Fullerton Street

Burlington Avenue

Overland Street

Landmark Center

Harvard Vanguard(Kenmore)

Broo

klin

e A

venu

e

•! 6 Major Hospitals!•! 2.4M Outpatient visits/yr!•! 12 Educational Institutions!•! 45,000 Employees (!


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The Emerald Necklace: by Frederick Law Olmsted

Longwood

Kendall

Seaport

Client Name

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“Building Clusters: A Short Guide”


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Technology + Talent + Tolerance Three forces that create cluster success

Technologies are merging: 200 years of Physical Science/Physics, converging with 100 years of Life Science/Biology converging with 50 years of Computational Science, giving us accelerating ability to analyze and design new solutions, which has developed an army of engineers and scientist with amazing, disruptive ideas they want to try.

Tolerance for differences and those who bring key skills and capabilities allows the start up culture to build businesses rapidly in a sustainable way, rewarding those who develop themselves continuously.

Talent from Business, Legal, and Financial sectors combines with these Entrepreneurial Engineers to build potent start up enterprises that become productive companies employing a wide range of talents and skills, which attracts capital and builds companies.


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The four key institutions enable high performing clusters

Academic

Cultural Economic

Government

The Cluster s Institutions must thrive ! The Cluster’s

Institutions must thrive

All four types of institutions must perform well for a cluster to be considered excellent


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Key Design Principle: Look across to win

.. All enabled by openness to different perspectives.!

Cross-Silo !Problem Solving!

!

Cross-Cultural! Teams!!

Cross-Functional !Task Forces!

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The metrics that matter for clusters

•! Quantitative •! Companies •! Jobs •! Revenue •! Investment

•! Qualitative •! Trust between parties

improves •! Risk taking is valued •! Success is celebrated •! Failure is shared learning •! Reinvestment is

expected •! Openness is

fundamental


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Think about...

•! A long time horizon

•! What is the branded “Austin experience”?

•! The 4 key institutional roles

•! If Amsterdam’s number is 33/33/33, then what should Austin’s be?

•! A Place to live, work, play, shop, learn


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And what are your thoughts…

What are one or two pieces of advice or ideas about developing an innovation cluster in Austin that you want to share with the task force that will be working on it?

accelerating the creation of a world class center of ... the creation of a world ... high tech...

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