Foundation for Innovation Launches Feb, 2018
Click here for introduction letter: Foundation Intro 2-15-18
Click her for Why to Join Foundation for Innovation?: Why Join Foundation for Innovation
Click here for presentation: Foundation for Innovation Brief v.2-10-18
Or just read the highlights below:
We have lots of stand alone activity like band musicians practicing before a song. Alone they sound like separate instruments, together a masterpiece.
We’d like to try something new:
A connected, collaborative tech sector network which ties all assets and activity together for successful growth.
Convening with a purpose. Tech Sector efforts collaborating to focus on programs that will move the needle and give us success stories to market to the world.
State of Affairs:
1.Several incubators, marginal success…
2.No accelerators (historically) in our area….some changes coming though…
3.Venture Capital exposure limited…Tie this to Accelerator strategy…
4.Various “tech sector” programs running, but kind of like a pinball game…
5.Technology Transfer not fully capitalized…
6.Intellectual Property and Patent levels low…
7.No collaboration and consolidation of results for reporting and improvement…
8.No promotion and advertisement of our efforts to the world…
9.Our regional model typically one of decentralized, disconnected efforts. Not using the term disparate, because they’re mostly similar models…
10.As such, we have not developed the tech sector as a new pillar of our economy…
And we are experiencing “brain drain” because of a lack of critical mass…
What is Foundation for Innovation?
1.A plan to create a regional collaboration model that actually creates synergy, accountability, results and marketing of tech sector efforts.
2.A plan to engage all contributing sources of pertinent information or activity to forward a cohesive effort.
3.A plan to pilot on the Peninsula to create a business case for the balance of Hampton Roads.
4.A plan to move the needle via:
- Organized approach to tech sector advancement
- Organized approach to develop Intellectual Property and Patents.
- Organized approach to increase Tech Transfer.
- Organized approach to ramp up Workforce Development to match the market.
- Organized approach to helping ALL regional tech sector companies (new, existing, clusters).
- Organized approach to creating success stories for marketing purposes.
- Creation of collaborative bonding agent to “keep it all connected and cohesive”.
How – The Eleven Point Plan
1.We want to establish an High Tech Innovation Corridor up through the Peninsula as a starting point, then expand to include the full region.
2.Create a Peninsula Innovation Advisory Committee (the hands-on Team). This is for the pilot program. When it goes regional, we’ll add south side Advisory Committee.
3.Inventory the assets of the Peninsula. This is for the pilot program and we’ll do the same thing for the south side when it’s full regional.
4.Create the true connected ecosystem and begin communicating our message to the base of assets we have, asking them to be a part.
- The whole program is intended to grow our tech sector and create jobs.
- We want ALL tech companies on-board: start-ups, mid level, large.
- Existing incubators, new accelerators, members such as VT, ODU, NASA, JLab, NIA, Navy, Army, Air Force (Langley) 757 Angels, ReInvent HR, VMASC VA Center for Innovative Technology, and others TBD.
5.Meet with the assets/members on a periodic basis to ask them what’s working, what improvements are needed.
6.Create Boot Camps to fill the gaps between academia and real world needs. Feed that knowledge back into the schools to continue raising the bar.
7.Create a Hub of IP, R&D, Product Development and Commercialization.
- Begin to sponsor New Product Visioning and Development efforts. Leverage the Engineering Schools in our Region, this should be a series of Concept to Commercial program developed by HRIC. Regional assistance in exchange for regional basis of IP and export.
8.Support identified clusters within the Foundation for Innovation framework, but look for others that could leverage the assets in Hampton Roads.
- High Speed Next Generation Internet an absolute requirement to support.
9.Begin the marketing (for attraction purposes).
- Tell the story of Foundation for Innovation, describing the business environment for success that companies can leverage.
- National campaign via social media and other new methods.
10.Monitor, refine toward continuous improvement.
11.Help to expand around the region by replicating this on the south side.
Dan Bell – HRIC Board Member
(757) 373-6517, email@example.com
Mike Kuhns – HRIC Board Member
(757) 810- 0320, firstname.lastname@example.org