February 16, in Washington, D.C Understanding the Innovation Coalition, supporting the key elements of the continuum for commercialization and job creation. A Presentation by Matthew Nemerson at the 2011 Fly In to Wash. DC ---- More information: The Angel Capital Association Association of University Research Parks Technology Councils of North America National Business Incubation Association National Association of Seed and Venture Funds State Science and Technology Institute joined forces on February 16, 2011 to educate the new Congress about innovation. The 2011 Fly-In began with breakfast on Capitol Hill, where participants will hear from Rep. Steny Hoyer (invited) and other lawmakers. Lawmakers and their staffs were briefed about the innovation process and why innovation is so important in creating a thriving economy. The afternoon was spent in individual meetings with legislative representatives and their staffs. A Welcome Reception on Capitol Hill was held at in the afternoon. The attached presentation was prepared by Matthew Nemerson, President the Technology Councils of North America trade association (TECNA) http://www.technologycouncils.org And President & CEO of the Connecticut Technology Council http://www.ct.org

2. Jobs

3. InnovationThe Innovation Coalition is a collaborative group of innovation-based associations supporting the key elements of the continuum for commercialization and job creation.

4. Understanding The Innovation Coalition Matthew Nemerson, President the Technology Councils of North America trade association (TECNA) And President & CEO of the Connecticut Technology Council

6. Creating good new jobs & companies

8. People, institutions and patrons need to connect

9. It happens in cities, regions and states

10. Sometimes a hard point to make in DC

12. Who is The Innovation Coalition Seed and early stage capital… Locations for young firms Resource center for tech based econ dev Regional and state innovation trade associations Seed and early stage capital… Labs and centers near campus… Researchers and scientists… Regional later stage investments

13. Please explain…

14. Jobs + Growth

15. Jobs + Growth

16. Jobs + Growth

17. Smaller companies seem to create most jobs… Source: Stanglerand Kedrosky, “Neutralism and Entrepreneurship,” Kauffman Foundation Research Series: Firm Formation and Economic Growth, 2009

18. But data analysis shows that its is the age which is the true correlation Years in Business Source: Stangler and Kedrosky, “Neutralism and Entrepreneurship,” Kauffman Foundation Research Series: Firm Formation and Economic Growth, 2009

20. Hi % of net new jobs from small % of fast growing firms

21. Creating high potential new firms is hard

22. Each regional system is unique – yet similar

24. Jobs

25. InnovationThe Innovation Coalition is a collaborative group of innovation-based associations supporting the key elements of the continuum for commercialization and job creation.