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Research and Innovation Research and Innovation
Research is the transformation of money
into knowledge
Innovation is the transformation of
knowledge into money
-Geoffrey Nicholson, 3M (Inventor of the Post-It Note)
Research is the transformation of money
into knowledge
Innovation is the transformation of
knowledge into money
-Geoffrey Nicholson, 3M (Inventor of the Post-It Note)
Market Market FocusFocus
IntellectualRigor
SystemsFocus
Transitionto Use
Interdisciplinary
Problem Solving
GlobalImpact
The Tech Research EnterpriseThe Tech Research Enterprise
*Georgia Tech Research Institute, Enterprise Innovation Institute
led by faculty, powered by ideas, focused on innovationled by faculty, powered by ideas, focused on innovation
Elements of Interdisciplinary ResearchElements of Interdisciplinary Research
Market centric focus on researchMarket centric focus on research
The 3 I’sThe 3 I’s
Innovation = Insight + Invention + ImplementationInnovation = Insight + Invention + Implementation
Key attributesKey attributes• An ecosystem that supports and values all 3 I’s• Willingness to experiment and take risks• Interdisciplinary problem solving culture• Collaborative partnerships are fundamental
6Enterprise Innovation Institute
Building an Innovation Ecosystem
Nutrients
Signs of Life
GrowthIncubation
Renewal
NaturalSelection
7Enterprise Innovation Institute
Nutrients
• Recruiting research talent—worldwide
• Seed funding (city, state, nation, alumni)
• A culture of creativity and new ideas
8Enterprise Innovation Institute
Signs of Life
• Emphasis on interdisciplinary research
• Research centers – Over 100 on campus
9Enterprise Innovation Institute
Natural Selection
• Intellectual property protection
• VentureLab• GRA Phase I and II
awards• GT Edison Fund• SBIR Assistance
Commercialization Services
10Enterprise Innovation Institute
Incubation
• Advanced Technology Development Center (ATDC)
• Ga. Seed Capital Fund• National VC attention
Entrepreneur Services