Foundation for Innovation Launches Feb, 2018

Please review materials from top to bottom here, but at the end, you’ll get the current updates on our activities and most importantly our Bus Env Survey Present v.9-3-18 which is very telling on our way to developing tech business strength in Hampton Roads.

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 Expo (with Awards Banquet) event to be held Wed Sept 5, 2018: Tech Hampton Roads 2018 v.8-30-18 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.

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READ THE REPORT which resulted from over 20 interviews with tech companies in the region.  READ THE REPORT which explains the common themes uncovered.  READ THE REPORT which has suggestions on how to move forward.  READ THE REPORT but come back here from time to time to see how we’re progressing on our efforts.

Questions?

Dan Bell – HRIC Board Member

(757) 373-6517, danbell@verizon.net

Mike Kuhns – HRIC Board Member

(757) 810- 0320, mfkuhns0807@gmail.com

Regional Resources & Assets

Hampton Roads Regional Technology Ecosystem Member Visual: Ecosystem 10-2-18.

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.

Ecosystem Tech Company List

1 Million Cups VA Beach

757 Accelerate

757 Angels

757 Maker Space

Arsenal

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
EO Accelerator

Go Virginia

Hampton Roads Economic Development Alliance

Hampton Roads Innovation Collaborative

HR Cyber

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 

REaKTOR in Hampton

ReInvent Hampton Roads

SBA – How to Grow Your Business

SBIR – STTR

SCORE Hampton Roads

SCORE Williamsburg

Sea Level Rise

Small Business Loans HR

SourceLink Virginia

Startwheel

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

VA Offshore Wind 1

VA Offshore Wind 2

VEDP Growth and Export

VA Resource Guide

VA Space Grant Consortium

Virginia Tech – Hampton Roads Centers

Virginia Unmanned Systems

VMASC

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

Creative Financing

Startup America 1

Startup 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.
HRIC Programs

 

ReInvent Hampton Roads

Learn about our region’s specific efforts to boost our economy.

ReInvent Hampton Roads

Working Towards a Vibrant Economy

The world’s economy is changing, and we want the Hampton Roads region of Virginia to excel in:
• creating great jobs
• helping businesses and entrepreneurs thrive
• diversifying our economy

Reinvent Hampton Roads is a community leadership initiative focused on generating high-paying, satisfying jobs to underpin a vibrant economy.

To get started we recruited some of our region’s brightest minds to analyze, explore and prioritize what will make this a region of great opportunities. This inspired new collaborative efforts in our region and led to ideas for game-changing activities.

Now in 2016 ReInvent Hampton Roads is becoming an independent organization focused on improving the region’s economic performance and profile.

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