Growing Northeast Ohio’s High Tech Economy

February 17, 2010

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Hudson Library & Historical Society2010 Entrepreneurship and Small Business Series

About NorTechAbout NorTechNorTech, the Northeast Ohio Technology Coalition, is the Champion for growing the high tech economy in Northeast Ohio.

We are the only organization that focuses solely on our high tech economy, across all sectors. We have one, unwavering purpose: To champion success in Northeast Ohio’s high tech economy.

How? We marshal resources and forge collaborations to drive growth.

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NEO 2008 ANNUAL WAGESNEO 2008 ANNUAL WAGES

High Tech Industries Growing Steadily High Tech Industries Growing Steadily While Non-High Tech Industries DecliningWhile Non-High Tech Industries Declining

NEO EMPLOYMENT TREND 2004 - 2008NEO EMPLOYMENT TREND 2004 - 2008181k Jobs

1,802k Jobs

NEO

2008: 1.98M JOBS2008: 1.98M JOBS

6,499 jobs

-25,670 jobs

Source: Quarterly Census of Employment and Wages (ES202)

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Ohio Third FrontierOhio Third Frontier

• A 10 year, $1.6 billion program that has become the ‐centerpiece of the State’s technology based ‐economic development platform through a balanced portfolio of investments in:

– research and commercialization – entrepreneurial assistance– cluster development

obiomedical, medical imaging, fuel cells, photovoltaics, advanced energy, advanced materials, and sensors

– expansion of the talent pool4

Third Frontier Update and Third Frontier Update and Bond RenewalBond Renewal

• Economic impact of $6.6 billion

• Created 41,300 jobs and a return on the state’s investment of 10-to-1 in its first seven years.

• $700 million, four year renewal of the Ohio Third Frontier Program set for May 2010 ballot.

• Ohio Third Frontier public campaign meeting on Feb. 23, 10:30 am at Holiday Inn in Independence. United for Jobs and Ohio’s Future. Register at www.nortech.org.

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NorTech’s StrategyNorTech’s StrategyAccelerating technology development in its earliest stages to help move innovations from the lab into the marketplace.

Driving growth in our region’s high tech industries with a current focus on Advanced Energy and Flexible Electronics.

Expanding state and federal funding to support Early Stage Technology Commercialization and targeted Industry Cluster Building.

EARLY STAGE COMMERCIALIZATION

INDUSTRY BUILDINGADVANCED ENERGY

FLEXIBLE ELECTRONICS

GOVERNMENT ENGAGEMENT and PUBLIC POLICY

Increasing awareness, monitoring progress, scanning for gaps, and seizing new opportunities to continue to grow our high tech economy.

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Our Advanced Energy JourneyOur Advanced Energy Journey

Third Frontier Fuel Cell Program

Wright Fuel Cell Group

Ohio Fuel Cell Coalition

Initial Offshore Wind Exploration

Great Lakes Science Center Turbine

Great Lakes Wind Network

The Cleveland Foundation

Energy Fellow

Third Frontier Advanced Energy Program

Great Lakes Energy Institute

NorTech Focuses on Advanced

Energy

TechLift Advanced Energy EIR

Warren Incubator Funding Appropriated

Akron Biogas Plant

Global Financial Crisis

“The Stimulus Package”(ARRA)

Obama Elected President

NorTech and The Cleveland Foundation Partnership

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Great Lakes Energy Development Task Force

2003 2004 2005 2006 2007 2008 2009

Bioscience Consortium

OH Alternative Energy Portfolio Std.

Snapshot of the our Snapshot of the our Advanced Energy Industry ClusterAdvanced Energy Industry Cluster

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www.NorTech.org/OurStrengths/AdvEnergy

NorTech’s Advanced Energy InitiativeNorTech’s Advanced Energy Initiative

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NorTech’s NorTech’s Advanced Energy ProjectsAdvanced Energy Projects

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Lake Erie Energy Development Corporation (LEEDCo)A regional non-profit organization to accelerate offshore wind deployment in Lake Erie.

• NorTech will work in partnership with the Great Lakes Energy Development Task Force to develop and launch LEEDCo.

Warren Technology & Business Center for Energy SustainabilityA cleantech incubator that will nurture smart-grid, energy storage and advanced building material companies.

• NorTech will develop a business strategy, operational plan, and governance structure to develop and launch the incubator.

Flexible Electronics InitiativeFlexible Electronics Initiative

Goal: To cultivate a flexible electronics cluster

– Electronic devices that bend and fold such as displays, photovoltaics, batteries, and sensors.

– Fabricated using a full range of flexible materials (organic, inorganic, hybrid) and processes (printing and vacuum; batch and roll-to-roll)

– Enabling a broad range of possible end-use applications for consumer, industrial, healthcare, and military markets.

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Flexible Electronics InitiativeFlexible Electronics Initiative

– Leveraging research strengths at Kent State University and University of Akron

– Supply chain partners and established companies producing products, ie. Kent Displays, AlphaMicron

– Industry Roadmap funded by GAR Foundation • analysis of the industry sector• address gaps and opportunities • determine size and scope of emerging industry• plot a course for future growth

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ConclusionConclusion

• NorTech is committed to developing world class technology industry clusters in Northeast Ohio.– To create jobs and economic impact in our region.

• To learn more about NorTech go to nortech.org. You can also sign up to receive news and events info from NorTech by sending an email to info@nortech.org.

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