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From Rustbelt Holdover to From Rustbelt Holdover to Innovation Stronghold: Innovation Stronghold: Continued Transformation of Central Indiana’s Auto Communities Economy

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Central Indiana has started Central Indiana has started diversification…but heavy pockets diversification…but heavy pockets of dependence remainof dependence remain

Howard Wial, Brookings Institute, Auto Communities & Workforce Adjustments, October 8, 2009

Percent of total employment in automobiles and parts

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The Central Indiana Vision stresses The Central Indiana Vision stresses the importance of networks and the importance of networks and collaborationcollaboration

The Central Indiana’s economy will be transformed by open networks of

innovation anchored by universities, community colleges, cluster-supporting

organizations (like Conexus) and innovative companies (like Enerdel).

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Our strategies underway are Our strategies underway are scalable, replicable and scalable, replicable and sustainable...sustainable...Building Open Networks to Accelerate

Regional Innovation: Indiana WIREDBuilding Clusters in Advanced

Manufacturing, Logistics, and CleanTech Development

Redefining Higher Education’s Role in Regional Economic Development

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IndianaWIRED used open networks IndianaWIRED used open networks and “link and leverage” strategies and “link and leverage” strategies to produce remarkable resultsto produce remarkable resultsFour strategic focus areasOver 50 initiatives with metrics80%+ sustained past WIREDOutcomes:

◦ 22,133 unemployed and incumbent workers trained

◦ 1,525 degrees or certificates earned◦ 3,230 unemployed workers placed in target

occupations ◦ $2.1 million saved in industry cost savings◦ 19 business plans developed◦ 8 new products/services launched◦ 10 new businesses launched

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““Link and leverage” strategies have Link and leverage” strategies have strengthened clusters…Examples: strengthened clusters…Examples:

Indiana Energy Systems Network: A new cluster in CleanTech

$416 million federal stimulus investment in advanced battery and electric vehicle component industries

Ivy Tech Advanced Manufacturing & Logistics curricula

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Central Indiana is redefining higher Central Indiana is redefining higher education’s role in regional education’s role in regional economic developmenteconomic developmentPurdue designed one of the nation’s

top university research commercialization systems.

Four research parks across the state.Purdue is pioneering new approaches

to “link and leverage” university assets to support regional development.

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Central Indiana has developed Central Indiana has developed replicable, scalable strategies ready replicable, scalable strategies ready for federal and philanthropic for federal and philanthropic investmentinvestment

1. Development of re-engagement networks

2. Application of open innovation strategies

3. Strengthening of civic leadership networks

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Our re-engagement strategy Our re-engagement strategy focuses on developing pathways focuses on developing pathways and networksand networks

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Our open innovation strategies Our open innovation strategies follow a clear theory of change that follow a clear theory of change that is easily replicableis easily replicable

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Strategic doing guides open civic Strategic doing guides open civic innovation and develops networks innovation and develops networks with the capacity to innovate…with the capacity to innovate…

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Our civic leadership strategies Our civic leadership strategies move through different horizons on move through different horizons on the path to open civic innovation....the path to open civic innovation....

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Yet, we face some key barriers to Yet, we face some key barriers to the full implementation and scaling the full implementation and scaling of strategies for open civic of strategies for open civic innovation...innovation...

1. Federal policies are not geared to promoting civic innovation: disconnected and inflexible

2. Weak platforms to collaborate across regions to learn “what works”

3. Absence of “seed financing” to launch promising pilots