eda dempwolf
TRANSCRIPT
Modeling Innovation Ecosystems
U.S. Economic Development AdministrationApril 7, 2016
C. Scott Dempwolf, PhDAssistant Research Professor& Director
UMD – Morgan State JointCenter for Economic Development
University of Maryland & Morgan State University’s University Center
Morgan State Universityleads Baltimore-focused efforts
Morgan Mile development district
University of Maryland College Park leads Innovation-Led Economic Development (ILED) efforts:
New innovation metricsNew ILED tools
New innovation / ILED understanding
Innovation & Innovation-Led Economic Development
InnovationA process of transforming knowledge and scientific
research into a new product in the marketplace.
Think of that process as a sequence of related activities
Research Invention Proof Commercialization Product
With this intended outcome
New MetricsNew Tools
New Understanding
Innovation
Each activity involves people and organizations producing
intermediate outcomes
Contributing to this intended
innovation outcome
Each activity has inputs, outputs, & associated documents
New MetricsNew Tools
New Understanding
Innovation MetricsNew Metrics
New ToolsNew Understanding
Some are based on organizations
& resources
None are based on intended outcome
Some arebased on inputs
Some arebased on outputs
Some are based
on talent
Some are comparative indexes
ProductLaunch
How long does innovation take? Drug development from first patent to final FDA approval
Modeled with EventFlow; Funded byNSF award #1551041
New MetricsNew Tools
New Understanding
Innovation
The people and organizations from each activity create an activity network
New MetricsNew Tools
New Understanding
Stem cell products group• Commercialization support• Acceleration• Attract complementary
firms
Delivery devices groups,ECM group• Facilitate collaboration• Niche market development• Attract complementary firms
Regenerative Medicine & Nutraceuticals groups• Develop ‘Keystones’• Promote local sourcing • Industry partnerships• FDI / Business expansion• Attraction - supply chain • University partnerships
University groups (JHU, UMCP, UMB)• Leads for licensing (green ties)• Key labs (dense subgroups)• Opportunities for faculty spin outs• Accelerate student startups• Corporate Partnerships
Targeted Economic
Development Strategies
At the Cluster Level
Regenerative Medicine Cluster – Howard County, MDInnovation-Led Economic Development
Drill-down to Company Profiles• Click to follow link
Nascent / emerging
Growth stage
Infrastructure for maturing cluster
New MetricsNew Tools
New Understanding
Stem cell products group• Commercialization support• Acceleration• Attract complementary
firms
Delivery devices groups,ECM group• Facilitate collaboration• Niche market development• Attract complementary firms
Regenerative Medicine & Nutraceuticals groups• Develop ‘Keystones’• Promote local sourcing • Industry partnerships• FDI / Business expansion• Attraction - supply chain • University partnerships
University groups (JHU, UMCP, UMB)• Leads for licensing (green ties)• Key labs (dense subgroups)• Opportunities for faculty spin outs• Accelerate student startups• Corporate Partnerships
Targeted Economic
Development Strategies
At the Cluster Level
Regenerative Medicine Cluster – Howard County, MDInnovation-Led Economic Development
Drill-down to Company Profiles• Click to follow link
Nascent / emerging
Growth stage
Infrastructure for maturing cluster
New MetricsNew Tools
New Understanding
Illinois Battery Cluster 2010 – 2014Modeled with NodeXL
Bridge
Emerging Theory and Research: the Illinois Battery Cluster
Innovation Ecosystems research component Industry componentBridging component
New MetricsNew Tools
New Understanding
Research Publication Invention Proof-of-Concept Commercialization Product
Bridge
The Innovation Ecosystem and the Valley of DeathA network representation
of the valley of death
New MetricsNew Tools
New Understanding
Emerging Theory & Research
Bridge What’s in the Bridge?
• Working Hypothesis
• Regions with denser, more connected bridging components will be characterized by faster innovation sequences and more innovation sequences leading to new products.
Measured using new temporal metrics
New MetricsNew Tools
New Understanding
Want the slides?New Metrics
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Thank you to the US Economic Development Administration and the National Science Foundation for supporting this research