University/Industry Partnerships for Excellence in Education and Research

Design an Economic Development Agenda

Create an explicit economic development strategy

Include meaningful industry dialog Develop focused economic goals Create a high level administrator to oversee

the effort Make university resources available

A Strategy for Driving Economic Prosperity

Driving Economic Prosperity

“The capacity for regional innovation is often driven by industry clusters (IFCs)—broad networks of companies, suppliers, service firms, academic institutions and organizations in relevant industries that, together, bring new products or services to the market.”

Components of “Industry Clusters”

End product or service company Locally-based suppliers of specialized inputs Financial institutions Firms in related industries Producers of complementary products Infrastructure providers Special government departments/agencies Trade associations or private collectives

Components of IFC’s

“Industry Cluster”

Institutions or agencies that supply– Specialized training– Education– Information research– Technical support

IFC

How IFCs Support Economic Development

IFCs possess the primary elements needed to transform ideas into prosperity– Universities/research centers—develop new

knowledge– Companies—transform knowledge into new

services or products– Suppliers—provide critical components or

equipment– Marketing/distribution firms—deliver products to

customers

Economic Development and Competitiveness

IFCs Enhance Competitiveness– Improve productivity– Foster innovation– Facilitate commercialization of innovation

Economic Development and Competitiveness (cont.)

Regions with successful IFCs enjoy– Higher employment rates– Higher average wages– Higher productivity and profit– Higher rates of new business innovation

Emphasis Areas and Economic Development

Emphasis Areas and Economic Development

State Reports/ CU Strategic Industry- Plans Serving Emphasis Areas

Palmetto Institute (2002)

Harvard Institute (2002)

*Appalachian Regional Commission

(2002)

Dept. of Commerce Strategic Plan

(1999) C3 (2002)

Advanced Materials

Materials Advanced Mat’ls Nanotechnology

Chemical Products

Semiconductor

Chemicals/Plastics Chemicals Advanced Materials Photonics

Automotive & Transportation Technology

Transportation Equipment

Automotive Motor-Driven

Products

Motor Vehicles Motor Vehicles Transportation

Equipment

Automotive (assumed)

Biotechnology & Biomedical Sciences

Pharmaceuticals Chemicals & Pharmaceuticals

Biotechnology

*Upstate Counties (only)

Emphasis Areas and Economic Development (con’t)

Emphasis Areas and Economic Development State Reports/ CU Strategic Industry- Plans Serving Emphasis Areas

Palmetto Institute (2002)

Harvard Institute (2002)

*Appalachian Regional

Commission (2002)

Dept. of Commerce

Strategic Plan (1999) C3 (2002)

Information & Communications Technology

Software Hardware Internet

Telecommunications Electronics & Instruments

Wireless Communication

Photonics

Sustainable Environment

Environmental Science

Environment

General Education

Leadership and Entrepreneurship

Family and Community Living

Workforce Issues

*Upstate Counties (only)

Universities become economic drivers by:

Developing new knowledge Taking new knowledge to market (technology transfer) Producing the next generation of

– Ethical leaders– Entrepreneurs

Developing a work force of– Critical thinkers– Collaborators

Increasing the pipeline supply of K-12 students– Mathematics– Science– Technology

Promoting global awareness and understanding

Business and Industry can support colleges and universities:

Share in real estate development Invest in building projects Provide state-of-the-art equipment Assist in attracting knowledge generators Enhance the science and technology workforce

pipeline Support centers and institutes

Business and Industry can support colleges and universities (cont.):

Assist with research commercialization Participate in incubators and start-up companies Involve university in business forums and

associations Serve on college and departmental advisory

boards Participate in university-applied learning

opportunities Include leaders on policy boards

Feel the Power!

and

Help Light Our Way to

Economic Prosperity