How to foster industry collaboration Georgia Institute of Technology Ernesto Escobar
About me FLOMERA
Welcome to Atlanta and Georgia Tech Atlanta • Population of metro Atlanta ~ 6 million • World’s busiest airport • Global centers: CNN, Coca-Cola, UPS, Delta 3 rd largest concentration of Fortune 500s in U.S. • Georgia Tech • Largest Engineering School in the U.S. • Georgia Tech Student enrollment: ~25,000+ (including 14,000 undergrads) ~ 5,000 international from 127 countries • Mission: Improve the human condition through science and technology IRI Workshop June 6, 2018
Georgia Tech Rankings #1 Engineering degrees awarded to women #1 Engineering degrees awarded to all minorities #1 #4 #8 Best Graduate University Best Undergraduate Engineering producing “best Engineering Program Program startup talent” IRI Workshop June 6, 2018
Basic to Applied Research and Economic Development • GT Annual Budget: $1.8B* • Sponsored Exp.: $800M+ • (Research Contracts & Grants) • Georgia Tech is a major driver of economic activity for Atlanta and the region: • $3.2B annual total economic impact *About 16% from the State of GA • IRI Workshop June 6, 2018
G EORGIA T ECH F OUNDED IN 1885 SHOPS & FOUNDRIES – INNOVATION FOCUS 13 IRI Annual Meeting, Atlanta June 6, 2018 IRI Workshop June 6, 2018
G EORGIA T ECH F OUNDED IN 1885 SHOPS & FOUNDRIES – INNOVATION FOCUS 13 IRI Annual Meeting, Atlanta June 6, 2018 IRI Workshop June 6, 2018
I NNOVATION E COSYSTEM S TRATEGY • Instill entrepreneurial confidence in students and faculty • Focus on interdisciplinary research in strategic areas • Flexible contracting and IP terms for industry • Development and support of Innovation Neighborhoods • Broad engagement for economic development 14 IRI Annual Meeting, Atlanta June 6, 2018 IRI Workshop June 6, 2018
Interdisciplinary Research Institutes Play a Key Link in the Innovation Ecosystem Increasing Breakthrough Potential Increasing Technology Maturity Enterprise Increasing Commercial Maturity Innovation Institute Georgia Tech Research Institute Interdisciplinary Research Institutes Academic Research Technology Discovery Use-Inspired Applied Maturation & Research Basic Research Research Deployment 17 IRI Annual Meeting, Atlanta June 6, 2018 IRI Workshop June 6, 2018
T ODAY ’ S I NNOVATION E COSYSTEM ( MANY COMPONENTS ) Many “maker space” Capstone Design - ~500 industry locations across campus funded projects/year CREATE X InVenture Prize supporting student entrepreneurs Georgia Tech’s “Shark Tank” 14 IRI Annual Meeting, Atlanta June 6, 2018 IRI Workshop June 6, 2018
T ODAY ’ S I NNOVATION E COSYSTEM ( MANY COMPONENTS ) Incubators and Accelerators 20+ Corporate Innovation Centers around campus Innovation Neighborhoods Tech Square Global Learning Center Interdisciplinary Research Professional Education Centers (IRIs) 14 IRI Annual Meeting, Atlanta June 6, 2018 IRI Workshop June 6, 2018
GT Startup-Innovation-Entrepreneur Ecosystem Conceptual Landscape of Sample Programs and Affiliates Scale ATDC-Industry Connect Embedded Industry Labs & Innovation Centers Interop. Integrat. Innov. Lab (I3L) Global Center for Medical Innov. Deployment ATDC Incubator: Signature ATDC Incubator: Accelerate Translation Create-X: Learn, Make, Launch Customer CIC Student Competition ATDC Incubator: Educate Validation Startup Competition VentureLab & GRA Startup Academy Startup Exchange CRID Conference Capstone Design Startup Gauntlet Invention InVenture Prize Startup House & Ideation Ideas 2 Serve Research Flashpoint I-Studio I-Corps TI:GER Education GT:IPS Faculty Graduate Undergraduate Entrepreneurial & Students Students Industrial Communities Legend: Primary Funding Source State Federal Tuition Sponsors Dues/Fees/Equity IRI Workshop June 6, 2018
What is innovation?
How to innovate?
COMBINED METHODOLOGY CONTINUUM
(Explore) (Expand) (Exploit) Baghai, Mehrdad, Stephen Coley, and David White. The Alchemy of Growth , 1999.
New Tech Traditional Investment Approach Companies Approach 40% 30% 30%
CORPORATE INNOVATION: TRADITIONAL Business Ideas Stage 4: Stage 3: Transfer Stage 2: Capability Feasibility Stage 1: Concept Dev Stage 0: Ideation
OPEN INNOVATION: CASE WITH UNIVERSITIES University Research University Students University Innovation Culture University Startups Business Ideas Stage 4: Stage 3: Transfer Stage 2: Capability Feasibility Stage 1: Concept Dev Stage 0: Ideation It applies the same to other partners that may no be universities
20 + C ORPORATE I NNOVATION C ENTERS IN THE T ECH S QUARE N EIGHBORHOOD 19 IRI Annual Meeting, Atlanta June 6, 2018 IRI Workshop June 6, 2018
GEORGIA TECH R&D LANDSCAPE
INTERDISCIPLINARY RESEARCH INSTITUTES: HIGH-IMPACT, REAL-WORLD RESEARCH AND ECONOMIC DEVELOPMENT
Georgia Tech’s Contracting Continuum BASIC APPLIED DEMOS TESTING www.industry.gatech.edu IRI Workshop June 6, 2018
Industry Collaboration Matrix
Attributes Program Details and Examples Student Recruiting Solicits active participation from industry for student recruiting events on campus or at corporate offices Student Engagement Engages industry in student immersion activities such as research projects, internships, coop programs, student organizations, capstone, hack-a-thons, and competitions Contract Research and Joint Offers forward facing research enterprise such as alignment of research Federal Proposals labs into larger interdisciplinary centers, offering single point of entry for industry, creation of industry friendly contract continuum with clear IP rights Innovation Sourcing Offers industry access to student, faculty, and researcher commercialization activities and their startups through a formal, curated matchmaking process. On-site Corporate Proactively engages with industry to land corporate innovation teams on or Innovation Centers adjacent to campus to gain access to talent, knowledge, laboratories, unique equipment, translational research facilities, and innovation Technical Assistance Provides technical assistance programs to industry (especially small and medium-sized companies) in region including manufacturing extension, procurement assistance, soft landing programs, etc. Professional/ Executive Offer robust programs for up-skilling technical capabilities of industry Education employees Development Office Dedicates effort to forming collaborations with industry through gifts, donations, and philanthropy to benefit joint collaborations with faculty and students Advisory Boards Actively involves industry on advisory boards for academic programs and
INDUSTRY COLLABORATION MATRIX Student Recruiting Solicits active participation from industry for student recruiting events on campus or at corporate offices Student Engagement Engages industry in student immersion activities such as research projects, internships, coop programs, student organizations, capstone, hack-a-thons, and competitions
INDUSTRY COLLABORATION MATRIX (CONTINUATION) Contract Research and Joint Federal Proposals Offers forward facing research enterprise such as alignment of research labs into larger interdisciplinary centers, offering single point of entry for industry, creation of industry friendly contract continuum with clear IP rights Innovation Sourcing Offers industry access to student, faculty, and researcher commercialization activities and their startups through a formal, curated matchmaking process.
INDUSTRY COLLABORATION MATRIX (CONTINUATION) On-site Corporate Innovation Centers Proactively engages with industry to land corporate innovation teams on or adjacent to campus to gain access to talent, knowledge, laboratories, unique equipment, translational research facilities, and innovation Technical Assistance Provides technical assistance programs to industry (especially small and medium-sized companies) in region including manufacturing extension, procurement assistance, soft landing programs, etc.
INDUSTRY COLLABORATION MATRIX (CONTINUATION) Professional/ Executive Education Offer robust programs for up- skilling technical capabilities of industry employees Development Office Dedicates effort to forming collaborations with industry through gifts, donations, and philanthropy to benefit joint collaborations with faculty and students
INDUSTRY COLLABORATION MATRIX (CONTINUATION) Advisory Boards Actively involves industry on advisory boards for academic programs and research centers and solicits industry involvement in university wide strategic planning Vendor Relationship Develops formal vendor relationships with industry to purchase materials, services, and equipment
INDUSTRY COLLABORATION MATRIX (CONTINUATION) Types Processes Agreements Relationships Structures Companies
Questions?
Thank you! Ernesto Escobar – ernesto.escobar@innovate.gatech.edu Innovate.gatech.edu
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