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University/Industry Partnerships for Excellence in Education and Research
Design an Economic Development Agenda
Create an explicit economic development strategy
Include meaningful industry dialog Develop focused economic goals Create a high level administrator to oversee
the effort Make university resources available
A Strategy for Driving Economic Prosperity
Driving Economic Prosperity
“The capacity for regional innovation is often driven by industry clusters (IFCs)—broad networks of companies, suppliers, service firms, academic institutions and organizations in relevant industries that, together, bring new products or services to the market.”
Components of “Industry Clusters”
End product or service company Locally-based suppliers of specialized inputs Financial institutions Firms in related industries Producers of complementary products Infrastructure providers Special government departments/agencies Trade associations or private collectives
Components of IFC’s
“Industry Cluster”
Institutions or agencies that supply– Specialized training– Education– Information research– Technical support
IFC
How IFCs Support Economic Development
IFCs possess the primary elements needed to transform ideas into prosperity– Universities/research centers—develop new
knowledge– Companies—transform knowledge into new
services or products– Suppliers—provide critical components or
equipment– Marketing/distribution firms—deliver products to
customers
Economic Development and Competitiveness
IFCs Enhance Competitiveness– Improve productivity– Foster innovation– Facilitate commercialization of innovation
Economic Development and Competitiveness (cont.)
Regions with successful IFCs enjoy– Higher employment rates– Higher average wages– Higher productivity and profit– Higher rates of new business innovation
Emphasis Areas and Economic Development
Emphasis Areas and Economic Development
State Reports/ CU Strategic Industry- Plans Serving Emphasis Areas
Palmetto Institute (2002)
Harvard Institute (2002)
*Appalachian Regional Commission
(2002)
Dept. of Commerce Strategic Plan
(1999) C3 (2002)
Advanced Materials
Materials Advanced Mat’ls Nanotechnology
Chemical Products
Semiconductor
Chemicals/Plastics Chemicals Advanced Materials Photonics
Automotive & Transportation Technology
Transportation Equipment
Automotive Motor-Driven
Products
Motor Vehicles Motor Vehicles Transportation
Equipment
Automotive (assumed)
Biotechnology & Biomedical Sciences
Pharmaceuticals Chemicals & Pharmaceuticals
Biotechnology
*Upstate Counties (only)
Emphasis Areas and Economic Development (con’t)
Emphasis Areas and Economic Development State Reports/ CU Strategic Industry- Plans Serving Emphasis Areas
Palmetto Institute (2002)
Harvard Institute (2002)
*Appalachian Regional
Commission (2002)
Dept. of Commerce
Strategic Plan (1999) C3 (2002)
Information & Communications Technology
Software Hardware Internet
Telecommunications Electronics & Instruments
Wireless Communication
Photonics
Sustainable Environment
Environmental Science
Environment
General Education
Leadership and Entrepreneurship
Family and Community Living
Workforce Issues
*Upstate Counties (only)
Universities become economic drivers by:
Developing new knowledge Taking new knowledge to market (technology transfer) Producing the next generation of
– Ethical leaders– Entrepreneurs
Developing a work force of– Critical thinkers– Collaborators
Increasing the pipeline supply of K-12 students– Mathematics– Science– Technology
Promoting global awareness and understanding
Business and Industry can support colleges and universities:
Share in real estate development Invest in building projects Provide state-of-the-art equipment Assist in attracting knowledge generators Enhance the science and technology workforce
pipeline Support centers and institutes
Business and Industry can support colleges and universities (cont.):
Assist with research commercialization Participate in incubators and start-up companies Involve university in business forums and
associations Serve on college and departmental advisory
boards Participate in university-applied learning
opportunities Include leaders on policy boards
Feel the Power!
and
Help Light Our Way to
Economic Prosperity