Research and Innovation Research and Innovation

Research is the transformation of money

into knowledge

Innovation is the transformation of

knowledge into money

-Geoffrey Nicholson, 3M (Inventor of the Post-It Note)

Research is the transformation of money

into knowledge

Innovation is the transformation of

knowledge into money

-Geoffrey Nicholson, 3M (Inventor of the Post-It Note)

Market Market FocusFocus

IntellectualRigor

SystemsFocus

Transitionto Use

Interdisciplinary

Problem Solving

GlobalImpact

The Tech Research EnterpriseThe Tech Research Enterprise

*Georgia Tech Research Institute, Enterprise Innovation Institute

led by faculty, powered by ideas, focused on innovationled by faculty, powered by ideas, focused on innovation

Elements of Interdisciplinary ResearchElements of Interdisciplinary Research

Market centric focus on researchMarket centric focus on research

The 3 I’sThe 3 I’s

Innovation = Insight + Invention + ImplementationInnovation = Insight + Invention + Implementation

Key attributesKey attributes• An ecosystem that supports and values all 3 I’s• Willingness to experiment and take risks• Interdisciplinary problem solving culture• Collaborative partnerships are fundamental

6Enterprise Innovation Institute

Building an Innovation Ecosystem

Nutrients

Signs of Life

GrowthIncubation

Renewal

NaturalSelection

7Enterprise Innovation Institute

Nutrients

• Recruiting research talent—worldwide

• Seed funding (city, state, nation, alumni)

• A culture of creativity and new ideas

8Enterprise Innovation Institute

Signs of Life

• Emphasis on interdisciplinary research

• Research centers – Over 100 on campus

9Enterprise Innovation Institute

Natural Selection

• Intellectual property protection

• VentureLab• GRA Phase I and II

awards• GT Edison Fund• SBIR Assistance

Commercialization Services

10Enterprise Innovation Institute

Incubation

• Advanced Technology Development Center (ATDC)

• Ga. Seed Capital Fund• National VC attention

Entrepreneur Services