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Connecticut’s Economic Strategy & Education’s Role Presentation for the Connecticut Academy of Science and Engineering’s Workforce Alignment Study Committee
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A U T H O R O F W H Y G M M A T T E R S
BLUEPRINT FOR A REAL RECOVERY
WILL IAM J . HOLSTEIN
T H E
N E X T A M E R I C A N E C O N O M Y
Connecticut’s Economic Strategy & Education’s Role
WilliamJHolstein.com
Presentation for the Connecticut Academy of Science and Engineering’sWorkforce Alignment Study Committee
March 14, 2012
WHAT IS AN IDEA FACTORY?
WHAT IS AN IDEA FACTORY?
It can be a university, research institute, large hospital, national weapons laboratory or a large private sector company.
WilliamJHolstein.com
With A Mix of Basic and Applied Research.Mostly Funded by Government and Corporations.
WHAT IS AN IDEA FACTORY?
It is characterized by:‣ Sustained Interactions‣ Both Formal and Informal
Between:‣ Different disciplines‣ Different cultures, nationalities
WilliamJHolstein.com
HOW DO IDEAS LEAVE THE FACTORY?
HOW DO IDEAS LEAVE THE FACTORY?
The key is the technology licensing and patenting office.
‣ Under what terms does the office allow development on favorable terms?
‣ Does it facilitate robust exchange of ideas between "inside" and "outside?"
‣ What resources does it possess?
WilliamJHolstein.com
COMMERCIALIZATION ECOSYSTEM: 5 STAGES
STAGE 1
START UP
UNIVERSITYSETTING
FINANCINGGOV’TANGELSFOUNDATIONS
TEAMSCIENTISTS & RESEARCHERS ONLY
WilliamJHolstein.com
STAGE 1 STAGE 2
START UP DEVELOPMENT
UNIVERSITY INCUBATOR / HALFWAY
HOUSE
SETTING
FINANCINGGOV’TANGELSFOUNDATIONS
GOV’T (SBA)
LARGE CO’STEAMSCIENTISTS & RESEARCHERS ONLY
TEAM GROWS: - MARKETING- FINANCEOTHER KEY INPUTS:- MENTORING- PEER NETWORKING- SKILLED LABOR- NETWORKING MECHANISMS
WilliamJHolstein.com
STAGE 1 STAGE 2 STAGE 3
START UP DEVELOPMENT MARKET FACING
UNIVERSITY INCUBATOR / HALFWAY
HOUSE
OFFICESETTING
FINANCINGGOV’TANGELSFOUNDATIONS
GOV’T (SBA)VENTURE
CAPITALISTSLARGE CO’S
TEAMSCIENTISTS & RESEARCHERS ONLY
TEAM GROWS: - MARKETING- FINANCE
PROFESSIONAL CEO MAY BE REQUIRED
OTHER KEY INPUTS:- MENTORING- PEER NETWORKING- SKILLED LABOR- NETWORKING MECHANISMS
WilliamJHolstein.com
STAGE 1 STAGE 2 STAGE 3 STAGE 4
START UP DEVELOPMENT MARKET FACING
VALLEY OF DEATH
UNIVERSITY INCUBATOR / HALFWAY
HOUSE
OFFICESETTING
FINANCINGGOV’TANGELSFOUNDATIONS
GOV’T (SBA)VENTURE
CAPITALISTSLARGE CO’S
TEAMSCIENTISTS & RESEARCHERS ONLY
TEAM GROWS: - MARKETING- FINANCE
PROFESSIONAL CEO MAY BE REQUIRED
CEO + FULL FINANCIAL TEAM- MANUF.- LOGISTICS- SALES
OTHER KEY INPUTS:- MENTORING- INCUBATORS- PEER NETWORKING- NETWORKING MECHANISMS
WilliamJHolstein.com
STAGE 1 STAGE 2 STAGE 3 STAGE 4 STAGE 5
START UP DEVELOPMENT MARKET FACING
VALLEY OF DEATH
FULL COMMERCIALIZ-
ATION
UNIVERSITY INCUBATOR / HALFWAY
HOUSE
OFFICESETTING
FINANCINGGOV’TANGELSFOUNDATIONS
GOV’T (SBA)VENTURE
CAPITALISTSLARGE CO’S
TEAMSCIENTISTS & RESEARCHERS ONLY
TEAM GROWS: - MARKETING- FINANCE
PROFESSIONAL CEO MAY BE REQUIRED
CEO + FULL FINANCIAL TEAM- MANUF.- LOGISTICS- SALES
OTHER KEY INPUTS:- MENTORING- INCUBATORS- PEER NETWORKING- NETWORKING MECHANISMS
WilliamJHolstein.com
STAGE 1 STAGE 2 STAGE 3 STAGE 4 STAGE 5
START UP DEVELOPMENT MARKET FACING
VALLEY OF DEATH
FULL COMMERCIALIZ-
ATION
UNIVERSITY INCUBATOR / HALFWAY
HOUSE
OFFICESETTING
FINANCINGGOV’TANGELSFOUNDATIONS
GOV’T (SBA)VENTURE
CAPITALISTSLARGE CO’S
TEAMSCIENTISTS & RESEARCHERS ONLY
TEAM GROWS: - MARKETING- FINANCE
PROFESSIONAL CEO MAY BE REQUIRED
CEO + FULL FINANCIAL TEAM- MANUF.- LOGISTICS- SALES
OTHER KEY INPUTS:- MENTORING- INCUBATORS- PEER NETWORKING- NETWORKING MECHANISMS
WHERE ARE THE GAPS???
WilliamJHolstein.com
STAGE 1 STAGE 2 STAGE 3 STAGE 4 STAGE 5
START UP DEVELOPMENT MARKET FACING
VALLEY OF DEATH
FULL COMMERCIALIZ-
ATION
UNIVERSITY INCUBATOR / HALFWAY
HOUSE
OFFICESETTING
FINANCINGGOV’TANGELSFOUNDATIONS
GOV’T (SBA)VENTURE
CAPITALISTSLARGE CO’S
TEAMSCIENTISTS & RESEARCHERS ONLY
TEAM GROWS: - MARKETING- FINANCE
PROFESSIONAL CEO MAY BE REQUIRED
CEO + FULL FINANCIAL TEAM- MANUF.- LOGISTICS- SALES
OTHER KEY INPUTS:- MENTORING- INCUBATORS- PEER NETWORKING- NETWORKING MECHANISMS
WHERE ARE THE
OVERLAPS???
WilliamJHolstein.com
WHERE ARE THE OVERLAPS
If a state or region has too many competing institutions…and too much institutional rigidity…the result is confusion for end-users.
Resources are not properly focused…no one program achieves scale.
WilliamJHolstein.com
WHERE ARE THE OVERLAPS
KEY QUESTIONS:
‣ Do government agencies, political leaders, universities, institutes, innovation centers and the private sector have broad agreement on a strategic direction?
‣ …and who does what?
WilliamJHolstein.com
TRAINING / RETRAINING ECOSYSTEM
Workers pay to take appropriate classes
Support from:- Fed / State / Local- Foundations- Student Loans
Companies require specific skills, advise community colleges on courses, provide equipment and instructors
WilliamJHolstein.com
COMMUNITY/TECHNICAL COLLEGE SYSTEM
Output
Well-trained workers for jobs that exist today and in the future
DOES EDUCATION FEED THE CLUSTER?
DOES EDUCATION FEED THE CLUSTER?Currently, local educational institutions are falling short when it comes to providing these industries with a well-trained workforce to fill highly technical roles:
‣ Aerospace
‣ Biotech/medical devices
‣ Sub-marine related technologies from Groton
WilliamJHolstein.com
A U T H O R O F W H Y G M M A T T E R S
BLUEPRINT FOR A REAL RECOVERY
WILL IAM J . HOLSTEIN
T H E
N E X T A M E R I C A N E C O N O M Y
Available in print and e-reader formats today.
WilliamJHolstein.com
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