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The Washington Innovation
EconomyA Strategy for Growth, Jobs and
Competitiveness in a Time of Fiscal Constraint
Presentation for:Regional Upward Spirals
Future Technologies, Skills, Jobs and Quality of Life
IBM Almaden Research Center
San Jose, CA
September 27th, 2011
Egils MilbergsExecutive Director
Washington Economic Development Commission
www.wedc.wa.gov 11.1
http://www.wedc.wa.gov/http://www.wedc.wa.gov/8/4/2019 Regional Upward Spirals Egils 1.4
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COSTCO
CommercialAirplanes
The Other Washington
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We need to solve this problem
Source: Kriss Sjoblom [[email protected]]
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WA Economic Development Commission 4
10-4-57
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one small ball in the air
19571985
2011Sputnik Moments
this is our generations
Sputnik moment
Presidents Commission on
Industrial Competitiveness
http://www.sodahead.com/united-states/sodahead-slideshow-who-is-the-most-influential-american-in-history/blog-366455/8/4/2019 Regional Upward Spirals Egils 1.4
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Where policy needs to go
FROM
Short-term fixes
Public Sector Jobs Shovel Ready
Expand Safety Net
Consumption
Foreign Debt
TO
Long-term policies
Private Sector Jobs Innovation
Workforce Skills
Investment
Exports
6WA Economic Development Commission
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1960s & 1970s
Advantage is Cost
Strategy is
Make it Cheaper
1980s & 1990s
Advantage is Quality
Strategy is
Make it Better
2000s
Advantage is Innovation
Strategy is
Make something new
Changing paths to competitiveness
Over half of Fortune 500 and just under half of
2008 Inc. list began during a recession or bear
market.Dane Stangler, Kauffman Foundation
There is no better time like
a downturn to innovate.
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Why such intense interest in innovation?
The central theme in advancedandemerging economies.
2/3 of GDP per capita growth comes frominnovation
Social return is 2 to 4 times private return
(spill-over effect) Technology industries pay 70% more than
other jobs
Determines country, regional and staterankings.
Source of competitive advantage againstlow-wage nations
Addresses needs in energy, health,transportation, water, education, etc.
WA Economic Development Commission
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The World
of R&D2010
9Washington Economic DevelopmentCommission
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R&D Business
Model
Process
Product
ValueOutcomes
Market
Demand
From Idea to Value
PUSH PULL
10Washington Economic DevelopmentCommission
Macro-Economic
ConditionsPublic Policy
Infrastructure Mindset
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Innovation Vital Signs (2008)Evaluated 52 Public Reports, 3126 Indicators
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Benchmarking WA Innovation Performance:
2010 New Economy Index
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Source: ITIF
26 indicators in five categories:
1. Knowledge Jobs
2. Globalization
3. Economic Dynamism
4. Digital Economy
5. Innovation Capacity WA Economic Development Commission
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Investment
Entrepreneurship
Talent
Infrastructure
Growth
Employment
Prosperity
Quality of LifeCompetitiveness
Innovation
Foundations
Innovation
Outcomes
Regional Innovation
Ecosystems
Innovation Policy Framework
GSH
13
Innovation
Ecosystem
Education
Research
Entrepreneurs
Associations
Non-
ProfitsGovt
Capital
Business
Workforce
Skills
STRATEGY: Make Washington the most attractive, creativeand fertile environment for innovation in the world by 2020
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Innovation Ecosystems Evolve
Growth Node
Innovation Ecosystem
Nascent Cluster
Virtual Cluster
None or few firms
Growth potential
Few to many firms
Fast growth
Key linkages
Virtualized functionsAccelerated
collaboration
Many nodes
Dense linkages
Network to Network
STARSIPZs
R&D
EIRsPatents
Incubators
InnovationAccelerators
Tax
Incentives
Talent
Gap
Funding SBIR
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Strategies
16Washington Economic DevelopmentCommission
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Talent Challenge
17Egils Milbergs
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Partnerships: Next Phase of Growth
TIME
PROSPER
ITY+JOBS
We are focusing here
18WA Economic Development Commission
Technology Push
Market Pull
New, Radical,
Disruptive GPT
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Defense
Technology
Medical
Devices
Value-Add
Food
Freight
Mobility
Electric Car
Water
Technology
NanoPhotonics
Global Health
Health
Services
Bio-Fuels
Advanced
Manufacturing
Cloud
Computing,
Data Centers
Smart Grid
Clean Tech
Advanced
Materials
Marine
Technology
Wine,Water
WA Economic Development Commission
Disruptive Innovation Clusters
Financial
Services
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Innovation Partnership ZonesBellingham Innovation Zone
Aerospace Convergence Zone
Sequim, North Olympic IPZTri-Cities Research District
South Lake Union Life Science IPZSpokane University District PZBothell Biomedical ManufacturingCorridorCentral Washington ResourceEnergy Collaborative
Grays Harbor SustainableIndustriesWalla Walla IPZ
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Global Health Ecosystem
Ecosystem
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http://www.wghalliance.org/index.html8/4/2019 Regional Upward Spirals Egils 1.4
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Washington STARS
Michael Hochberg Birgitte Ahring
Chen-Ching Liu
Daniel Kirschen
UW
WSU BSEL Center for Bioproducts and Bioenergy
Smart Grid
WSU
Hugh Hillhouse
http://www.google.com/url?sa=t&source=web&cd=1&ved=0CBYQFjAA&url=http://wsutoday.wsu.edu/pages/publications.asp?Action=Detail&PublicationID=25832&TypeID=1&rct=j&q=chen-ching%20liu%20wsu&ei=PhVETvnnAofUiALJteiwAg&usg=AFQjCNFI7p1AsWkZHjfh4XXbKqYTz5Qsvw8/4/2019 Regional Upward Spirals Egils 1.4
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Faces of Emerging Industries
Entrepreneurs-in-Residence
Lars Johansson
Ronald Berenson
Terri Butler
Henry Berg
Stephanie Amoss
Ken Myer
David Kaplan
David Croniser
Thomas Schulte
Bryan Zetlan
Lewis Rumpler
Peter Quinn
Karen Fleckner
Kevin Petersen
Jeff Canin
Chris Leyerle
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Transforming Infrastructure
Post ICE Age?
Internal Combustion Engine
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Leave oilbefore it
leaves us!
24Washington Economic DevelopmentCommission
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PNWER Region (GDP/Pop.)
State/Prov. GDP* PopulationWash. 322,778 6,549,224
Alberta 291,300 3,735,086
B.C. 191,006 4,551,853
Oregon 161,573 3,782,991
Idaho 52,747 1,545,801
Alaska 47,912 686,293
Sask. 41,296 1,049,701
Montana 29,885 974,989
NW Terr. 4,124 41,464Yukon 2,026 34,157
Total 1,144,647 22,901,559
*2009 population & GDP in $US Million
Data provided by PNWER Pacific Northwest Economic Region
Pacific Northwest is an innovation powerhouse
If PNWER were a
separate country,
it would rank 14th in
total GDP
25WA Economic Development Commission
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Brand Decade of Innovation
Leverage the 2012 Worlds
Fair Anniversary Launch WA innovation X
Prize
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www.thenextfifty.org
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The best way to predict the future is to invent it.
WA Economic Development Commission
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