What is the Bay Innovation Foundry? Simply put, it is a new way of addressing and perhaps solving the on-going questions:
- How does the workforce get experience while in school? Traditional internships can work, but those programs are often loosely managed and disorganized, netting less than favorable results. Internships are also very limited in scope and scale, so only a small number of student to company placements result.
- Students are often challenged to get out in the job market as fast as they can, because they need the experience. However, this translates to less than ideal skills to hire.
- Companies in Hampton Roads need to be able to leverage workforce both out of school as well as exiting military so that their growth can remain in Hampton Roads.
- Students need to come to companies with state-of-the art knowledge AND experience in its applications.
Learn more from the doc: The Foundry 6-2-17
The Hampton Roads Innovation Collaborative is launching the virtual Foundation for Innovation program to find ways to better connect the assets and people on the Peninsula with the idea of sparking new ideas to eventually fuel a strong Hampton Roads-wide technology corridor, said HRIC President Dan Bell.
The pilot program is running first on the Peninsula with every intention on “Going Regional” with measurable results.
Read More Here: TW Biz and Daily Press article
Click here for introduction letter: Foundation Intro 2-15-18
Click here for Why to Join Foundation for Innovation?: Why Join Foundation for Innovation
Click here for information and how to register for our Hampton Roads Tech Day/Tech Night event to be held Wed Sept 5, 2018: Tech Hampton Roads 2018 v.4-6-18 and apply on-line for our Technology Awards (given out that night) at: https://technologyhamptonroads.com/annual-technology-awards/
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, firstname.lastname@example.org
Mike Kuhns – HRIC Board Member
(757) 810- 0320, email@example.com
Our region has some tremendous resources for business and innovation. The challenge is to make sure people know about them.
These listings are not all-inclusive but it’s a start. If you see something missing, just let us know and we’ll add it.
1 Million Cups VA Beach
757 Maker Space
Benefits of Supporting Small Business
Business Incubators in VA
Center for Innovative Technology
Chamber of Commerce HR South
Chamber of Commerce HR Peninsula
Chamber Small Business Development Center
Colleges and Universities in Hampton Roads
Concept to Commercial Video Series
Core Value Software
Entrepreneurs Organization SE Virginia
Hampton Roads Economic Development Alliance
Hampton Roads Innovation Collaborative
Innovation Commercialization Assistance Program (ICAP)
Jefferson Lab Tech Transfer
Microsoft Small Business Academy
NASA Technology Transfer
National Modeling and Simulation Coalition
NovaEd On-Line Entrepreneurial Training
ODU Center for Enterprise Innovation
ODU CEI Tempo Program
Patent Attorney Pierce McCoy Norfolk
Patent Attorney Keusey & Associates, P.C. Williamsburg
Peninsula Technology Incubator (Reactor)
ReInvent Hampton Roads
SBA – How to Grow Your Business
SBIR – STTR
SCORE Hampton Roads
Small Business Loans HR
Start Up Business Resources Tool
Tech Transfer (not endorsed, just listed)
Transportation Research Institute
VA Aerospace Business Association
VA Community Economic Network
VA Economic Development Partnership
VEDP Growth and Export
VA Resource Guide
Virginia Tech – Hampton Roads Centers
Virginia Unmanned Systems
Also check with your local city Economic Development Department. They have access to and provide great resources as well.
What’s missing from our Ecosystem?
Do we have a mindset for GROWTH?
10 Ways to Grow Your Business
Start Up America 1
Start Up America 2
Do we need Accelerators?
The Difference Between a Business Accelerator and a Business Incubator
What to expect with Acceleration
Accelerator Programs 101
Global Accelerator Network
Take a look at our HRIC Programs, many of which of elements of Accelerator activity.