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Innovation Districts and Innovation Hubs
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Transcript of Innovation Districts and Innovation Hubs
Innovation Districts and Innovation HubsDr John Breslin, NUI Galway
“Innovation districts constitute the ultimate mash up of entrepreneurs and educational institutions, start-ups and schools, mixed-use development and medical innovations, bike-sharing and bankable investments—all connected by transit, powered by clean energy, wired for digital technology, and fueled by caffeine.”-- Brookings, The Rise of Innovation Districts
What’s an innovation district?
● Coworking space: A shared office space where startups rent desks or take periodic/temporary desk space called “hot desks”
● Incubator: An organisation that helps new and startup companies to develop by providing services such as management training or office space
● Accelerator: Fixed-term, cohort-based programs, that include mentorship and educational components and culminate in a public pitch event or demo day - typically office space and seed funding of up to 50k is given to each company
Innovation Hubs can house...
● In the US:○ Atlanta, Baltimore, Buffalo, Cambridge, Cleveland,
Detroit, Houston, Philadelphia, Pittsburgh, St. Louis, San Diego, Boston, Brooklyn, Chicago, Portland, Providence, San Francisco and Seattle
● Worldwide:○ Manchester, Sheffield, Barcelona, Berlin, London,
Medellin, Montreal, Seoul, Stockholm and Toronto
● Ireland:○ Innovation District in Galway○ Also Innovation Hubs in Westport, Sligo,
Skibbereen, Drogheda, more emerging...
Where is this happening?
Visiting the San Diego Innovation District
Don’t wait for five or ten year
plans: pick a building, show
that it can house an
innovation hub, through its
success grow into other
buildings and spaces nearby
Right in a town or city centre,
attractive location for
companies, walkable to the
transportation hubs, cafés
and restaurants, colleges,
etc.
Hold open workshops in a
shared area to skill up local
companies and the
community in emerging tech
(cloud and web frameworks,
app development, etc.)
Allow companies to co-work
in a space that allows them
to leverage each other’s
expertise, bounce (ideas) off
each other, collaborate with
and mentor others
Incorporate if possible one or
all of the following spaces to
make stuff: hackerspace /
makerspace, fab lab, science
gallery, etc.
Have a hot desk area for
short-term visitors to the
city, so that they can
experience what it’s like to be
a local, and hopefully apply
for citizenship later on
Lean approach
Location is key
Community focus
Co-working space
Make and create
Visitor friendly
Some of the principles
The Home of Innovationin the West of Ireland
Maurice O’GormanChairman, GCID
24companies employing64 people
30 community
events
21 industry events
15innovation
events
2 games jams
1hackathon
13additional
jobscreated
2000+visitors
Opened in May 2016
What’s next?
● Accelerator launch: Q1 2017
● Live streaming of events
● Second building: The Stables 2018
Pre-start Start-up Early Stage Later Stage
Course
Competitions
Coworking
Incubator
Accelerator
Incu
ba
tio
n
Active Seed
What is needed?
● Supports for accelerators
● Early stage access to capital