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Innovation-Led E
Innovation-L d Economic Development
I     ti               i D  l     t
                (ILED)
Alignment of innovation
            ssets, and
                                                                   TECH Resources for Innovation-led Companies
                                                                                      Innovation-




                                                                                                                                    10
 esources, as




                                                                                                                                  201
 echnologies
           s
            f


                                                                 Second-
                                                                 Second-Stage Companies Sector Initiatives
                                                                   PeerSpectives & Economic Gardening
                                                                               MS Seed Fund
                                                                         Venture Coaching Academy
re
te
A




                                                                     *MIN WEB-based Training & Communication
                                                                           WEB-
                                                                                New Venture Challenge
                       Promotion & Story telling of




                                                                        *Innovator’s Hall of Fame Awards Gala
                                          ages




                                                                      *Discovery Meetings (Breakfast & Lunches)
                                                                           Regional Innovation Coordination
                               tive Advanta




                                                                   Innovation-
                                                                   Innovation-Led Economic Development Training




                                                                                                                                  2005
                                                                                 *Venture Capital Tools
                                                                        *Mississippi Executive Talent Exchange
                                                                                  *MS Angel Network
                               n
Strategies & platforms Comparat




                                                                           Fast Trac Entrepreneurial Training
                                                                            Regional Technology Councils
                                                                                 MS e-Center Incubator
                                                                                     e-
                                                                               Innovation Index
                     s




                                                                         *Pointe I
                                                                         *P i t Innovation Magazine
                                                                                        ti M      i
                                                                         Statewide Technology Tours
T-BED and Cluster




                                                                       *Conference on High Technology
                                                                   Community Technology Assessments
                                                                Additional Cluster Studies & O
                                                                Additi     l Cl t St di        Organizations
                                                                                                    i ti




                                                                                                                                  1998
                                                       Michael Porter CIT Cluster Study & CIT.ms Cluster Organization
                                                               Mississippi Science & Technology Action Plan
                                                      Learning       Telling          *Doing                      Collaborating
Ilednado
Regional Innovation Clusters (RIC)

Government            Geospatial
                      CIT.ms
Academia              Polymer/Plastics
                      Biomass/Biotech
Private Sector/Non
        Sector/Non-   Automotive
Profits               Defense/Aerospace
Innovation Index

Per capita Income
       p
Number of Tech Employees/
Companies
Business Births
Angel C it l Invested
A    l Capital I    t d
Capital Invested in New or Expanding
Companies
INNOVATION-
        INNOVATION-LED
     ECONOMIC DEVELOPMENT
             (ILED)

  “Economic development activities to
CREATE RETAIN EXPAND ATTRACT or
 REATE, ETAIN, XPAND, TTRACT,
TRANSFORM ENTERPRISES that produce
     highly innovative new products,
                            products
processes, materials, designs, know-how
                               know-
   or business strategies.” © MTA 2011
               strategies



                            www.technologyalliance.ms
Pathway for
                   y
Innovation-
Innovation-Led Economic Development

                              Innovation-
                                  led
               Innovation-
               I      ti     Communities
                             C        iti
                   led
                  Jobs
 Innovation-
     led
 Enterprises
Five Critical Factors
                   for
 Innovation-
 Innovation-Led Economic Development


1. Innovation Culture or risk taking
2.
2 Technology Resource access
3. Entrepreneurship support
   organizations
4. Capital (equity & debt) access
5.
5 Human Capital Availability (quality
   management, workforce,
   intrapreneurship)
                           Council for Entrepreneurial Development
Mississippi TECH Alliance
Technology/Innovation

Entrepreneurship

Capital

Human Resources


                        www.technologyalliance.ms
MTA TECH-BASED Services
           TECH-
 Technology/Innovation   Capital
  MEP.ms
   MEP ms                 Angel Capital

  Strategic Biomass       Network
   Solutions              MS Seed Fund

  Federal/University     SBIR/STTR
   Tech Transfer           Program
 Entrepreneurship        Human Resources
  Venture                MS Xecutive Talent
   Development             Xchange (MXTX)
  New Venture            Workforce
   Challenge               Investment
  ESP & Mentors           Network
                           N t    k
TECH-BASED Networks
           TECH-

Business Assistance
   Regional Innovation Clusters
   Fast Trac Tech Venture Training Facilitators
   MBA Student Teams (MSU, Millsaps, Ole
    Miss)
   MDA Existing Business & Industry
   Minorities, Students, & Women programs
   Mississippi Incubator Network
             pp
   Mississippi SBDC
   MyBiz AM Network
TECH-BASED Networks
           TECH-

Social Networks          Economic
   Discovery            Development
    Luncheons               Innovation-led
    Regional ILED            Economic
    Councils                 Development
   Conference on            Training
    High Technology
    Hi h T h l              Community
                             C
   Innovators Hall of       Resources
    Fame Gala                Assessments
   Pointe Innovation       MDA/Mississippi
    Magazine                 Economic
                             Development
                             Council
MTA
Activities
State-wide
Regionalized
Encompassing all
E          i    ll
services-
  Technology
           gy
  Entrepreneurship

  Capital

  Human Resources




                      www.technologyalliance.ms
Networks drive
    Innovation-Led
    Innovation-                               Emerging 
 Economic Development                        technology 
                                         discovery lunches, 
                                         discovery lunches
                             Technology      support for 
                              Councils       innovative 
                                                 i E k !
                                        companies, Eureka!
           Entrepreneur
            Networks


  Monthly meetings         Capital
 of service providers     Coalitions   Monthly meetings of 
                                             hl             f
          and                          Capital Coalitions and
          p
    entrepreneurs                      q
                                       quarterly meetings of
                                                y        g
for training/webinars                  Angel investor groups. 
Regional
  ILED
Networks
N t    k
Regional TECH Councils

             Form of governance
             ILED Training
             Strategic Plan
             Technology Discovery
             Entrepreneurship
             Training/Assistance
             Capital Network
             Human Capital
Regional ILED Networks
           Network of Networks
            Regional Innovation
            Clusters
            Cl t
            TECH Councils
            Incubators Network
            Angel Capital
            Network
Lessons Learned
TECH Councils (Not sustainable,
                   sustainable
unless…)
$$ for TECH ((causes thi tto h
                     things happen)
                                  )

ILED Training is important (eco
system)

Regional Organizations (Need to
  g        g
partner with ILED change agents)

Listen & Learn           (continuous improvement)
Contact Us:
Mississippi Technology Alliance
Bubba Weir, Vice President for
Innovation Resources Development
134 Market Ridge Drive
Ridgeland, Mississippi
Rid l d Mi i i i 39157
601-960-3620
bweir@mta.ms



                          www.technologyalliance.ms

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Ilednado

  • 1. Innovation-Led E Innovation-L d Economic Development I ti i D l t (ILED)
  • 2. Alignment of innovation ssets, and TECH Resources for Innovation-led Companies Innovation- 10 esources, as 201 echnologies s f Second- Second-Stage Companies Sector Initiatives PeerSpectives & Economic Gardening MS Seed Fund Venture Coaching Academy re te A *MIN WEB-based Training & Communication WEB- New Venture Challenge Promotion & Story telling of *Innovator’s Hall of Fame Awards Gala ages *Discovery Meetings (Breakfast & Lunches) Regional Innovation Coordination tive Advanta Innovation- Innovation-Led Economic Development Training 2005 *Venture Capital Tools *Mississippi Executive Talent Exchange *MS Angel Network n Strategies & platforms Comparat Fast Trac Entrepreneurial Training Regional Technology Councils MS e-Center Incubator e- Innovation Index s *Pointe I *P i t Innovation Magazine ti M i Statewide Technology Tours T-BED and Cluster *Conference on High Technology Community Technology Assessments Additional Cluster Studies & O Additi l Cl t St di Organizations i ti 1998 Michael Porter CIT Cluster Study & CIT.ms Cluster Organization Mississippi Science & Technology Action Plan Learning Telling *Doing Collaborating
  • 4. Regional Innovation Clusters (RIC) Government Geospatial CIT.ms Academia Polymer/Plastics Biomass/Biotech Private Sector/Non Sector/Non- Automotive Profits Defense/Aerospace
  • 5. Innovation Index Per capita Income p Number of Tech Employees/ Companies Business Births Angel C it l Invested A l Capital I t d Capital Invested in New or Expanding Companies
  • 6. INNOVATION- INNOVATION-LED ECONOMIC DEVELOPMENT (ILED) “Economic development activities to CREATE RETAIN EXPAND ATTRACT or REATE, ETAIN, XPAND, TTRACT, TRANSFORM ENTERPRISES that produce highly innovative new products, products processes, materials, designs, know-how know- or business strategies.” © MTA 2011 strategies www.technologyalliance.ms
  • 7. Pathway for y Innovation- Innovation-Led Economic Development Innovation- led Innovation- I ti Communities C iti led Jobs Innovation- led Enterprises
  • 8. Five Critical Factors for Innovation- Innovation-Led Economic Development 1. Innovation Culture or risk taking 2. 2 Technology Resource access 3. Entrepreneurship support organizations 4. Capital (equity & debt) access 5. 5 Human Capital Availability (quality management, workforce, intrapreneurship) Council for Entrepreneurial Development
  • 10. MTA TECH-BASED Services TECH- Technology/Innovation Capital  MEP.ms MEP ms  Angel Capital  Strategic Biomass Network Solutions  MS Seed Fund  Federal/University  SBIR/STTR Tech Transfer Program Entrepreneurship Human Resources  Venture  MS Xecutive Talent Development Xchange (MXTX)  New Venture  Workforce Challenge Investment  ESP & Mentors Network N t k
  • 11. TECH-BASED Networks TECH- Business Assistance  Regional Innovation Clusters  Fast Trac Tech Venture Training Facilitators  MBA Student Teams (MSU, Millsaps, Ole Miss)  MDA Existing Business & Industry  Minorities, Students, & Women programs  Mississippi Incubator Network pp  Mississippi SBDC  MyBiz AM Network
  • 12. TECH-BASED Networks TECH- Social Networks Economic  Discovery Development Luncheons  Innovation-led Regional ILED Economic Councils Development  Conference on Training High Technology Hi h T h l  Community C  Innovators Hall of Resources Fame Gala Assessments  Pointe Innovation  MDA/Mississippi Magazine Economic Development Council
  • 13. MTA Activities State-wide Regionalized Encompassing all E i ll services-  Technology gy  Entrepreneurship  Capital  Human Resources www.technologyalliance.ms
  • 14. Networks drive Innovation-Led Innovation- Emerging  Economic Development technology  discovery lunches,  discovery lunches Technology support for  Councils innovative  i E k ! companies, Eureka! Entrepreneur Networks Monthly meetings  Capital of service providers  Coalitions Monthly meetings of  hl f and  Capital Coalitions and p entrepreneurs q quarterly meetings of y g for training/webinars Angel investor groups. 
  • 16. Regional TECH Councils Form of governance ILED Training Strategic Plan Technology Discovery Entrepreneurship Training/Assistance Capital Network Human Capital
  • 17. Regional ILED Networks Network of Networks Regional Innovation Clusters Cl t TECH Councils Incubators Network Angel Capital Network
  • 18. Lessons Learned TECH Councils (Not sustainable, sustainable unless…) $$ for TECH ((causes thi tto h things happen) ) ILED Training is important (eco system) Regional Organizations (Need to g g partner with ILED change agents) Listen & Learn (continuous improvement)
  • 19. Contact Us: Mississippi Technology Alliance Bubba Weir, Vice President for Innovation Resources Development 134 Market Ridge Drive Ridgeland, Mississippi Rid l d Mi i i i 39157 601-960-3620 bweir@mta.ms www.technologyalliance.ms