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University of North Dakota Center for Innovation
- 1. The University Center for Autonomous Systems Innovation Grant Renee Shelton, Commercialization Specialist April 2023
- 2. Scope Build a strategic brand promoting our ability to lead autonomous systems innovation in a legendary state! The University Center for Autonomous Systems Innovation Grant
- 3. Strategy Goals Further economic diversification Foster Statewide Collaboration Build Awareness about North Dakota expertise Enhance Robust AUS / UAS Ecosystem Activity
- 4. Strategy Objectives Support start-up and new innovation commercialization Encourage business expansion into region Develop highly skilled workforce and meaningful internships
- 5. Execution Showcases North Dakota and the autonomous system ecosystem’s Builds brand awareness and drive thought leadership to demonstrate expertise Promotes ND leadership in UAS/ AUS systems in the local, regional and national stage Legendary Leaders in Innovation Brand and Communication Platform
- 6. Execution • Showcase local, regional and state resources • Highlight research & economic funding opportunities • Demonstrate ecosystem partner collaboration Site Visits • Assist with product market fit • Market and customer validation • Business innovation and problem-solving Coaching • Jump Start Innovation Studio • WKI Online Commercialization Modules • Business Model Canvas & Lean Launch Tools • ICorps Partnership w/ Midwest Hub Tools
- 7. Success to Date Innovation & Startup Commercialization 7 Companies Capital Raised $37.9 Million 93 Jobs and 40 Internships Created Revenue Earned $5 Million 10 site visits pending in 2023 Regional Business Expansion 14 Companies
- 8. What We Learned • Strengthen local, regional, state, and federal government partnerships • Collaborate with industry partners • Provide commercialization support for Innovators / Entrepreneurs Ecosystem Partners Are Key • Support local, regional, and state programs • Identify Grants, SBIR / STTR • Grow Venture Capital Funding Is Crucial • Training for the future • New and innovative academic curriculum • Partnering with industry to understand their needs now and in the future • Diversity of expertise, value, & resources Talent Is The Lynchpin
- 9. Thank You! Renee Shelton UND Center for Innovation Commercialization Specialist President, AUVSI GPC Chairwoman, AUVSI.org Renee.Shelton@und.edu