ueda annual summit - monday lunch keynote - john pyrovolakis, founder, innovation accelerator

Mary Frances PostupackPresident,University Economic Development Association

#UEDASummit

THANK YOUKathy Keith &

Camilla Bustamante

Gene MerrellAssociate VP for Economic Development,University of Idaho

John PyrovolakisFounder & CEO,Innovation Accelerator

Innovation Accelerator

The Role of University Economic Development and

Our National Security

The Challenge

Our nation enjoys global economic leadership

But our leadership is being challenged

Our ability to face this challenge is matter of national security

Our Innovation Advantage

Our nation's R&D is still the world's best (by far)

One government agency accounts for more Nobel Prizes than the BRICs

The game changing innovations of our century are all American

Threat our Advantage Faces #1: Increased Competition in Innovation

Europe: Horizon 2020China: Super Particle ColliderIndia: Satellite around MarsWe're not the only game in town

anymore

Threat our Advantage Faces #2: Globalization & State Driven Capitalism

China has a “Strategic Plan”; Picks and Dominates Industries

Case Studies: Solar Panels; Manufacturing

“Free Market”, and “Industrial Policy”

The DNA in our blood won't save usState on Corporate Attacks

Threat our Advantage Faces #3: Complacency and Obsolete Paradigms

MIT & Stanford are the Envy of the Innovation World

But three guys in a garage on Route 128 or the Valley not so scrappy any more

panacea: “free markets”, “industrial policy”, and the innovation in our DNA

Where is Our Nation's Innovation Leadership?

Public innovation leadership is gerrymandered and effete

Private sector interests are not in line with the national defense

There is a dangerous leadership gap, and ideologies to entrench it

Leadership emerging from universities themselves

University Innovation Based Economic DevelopmentBayh Dole IP AssetsThe World's Best R&D, R&D

infrastructureFilling the Widening Valley of

DeathAlignment w Regional Economic

InterestsTTO paradigm shift, VC, and the

emerging Leadership Role

The Innovation Accelerator Can Help

Who Is IA?PPP w.NSFRegional Venture Capital FundiBridgeRepurposing Heritage Manufacturing

Assets

PCAST Quote“Mechanisms such as the NSF-created 501(c)3 Innovation

Accelerator should be expanded nationwide to support startups emerging from Federal advanced manufacturing

research programs.”

REPORT TO THE PRESIDENT ON CAPTURING DOMESTIC COMPETITIVE ADVANTAGE IN

ADVANCED MANUFACTURING

President’s Council of Advisors on Science and Technology, July 2012

PCAST Quote“...Some models designed to build upon innovative

public/private partnerships have created stronger support to enhance the growth of early stage companies

emerging from Federal research funding. For example, [...] the Innovation Accelerator [...] expand(s) resources

to NSF’s award winners. Thus far, Innovation Accelerator has helped to establish a regional seed fund for NSF SBIR

firms and has provided mentoring assistance and aid in leveraging $200 million in investment for these firms...”

President’s Council of Advisors on Science and Technology, July 2012

IA & Universities & EDA

Technology Transfer,Incubation with Federal ResourcesCluster & Manufacturing Campus

DevelopmentEconomic Development &

Innovation Strategy

#UEDASummit