research-asset assessment study for commonwealth of …...aug 24, 2017 · universities, and now...

Innovating Tomorrow’s Economic Landscape

Research-Asset Assessment Study for Commonwealth of Virginia

Project Kick-Off Presentation August 24, 2017


Today’s Agenda

• Provide background on TEConomy Partners, LLC.

• Discuss the “What” – VRIC’s project purpose, project phases and detailed requirements

• Discuss the “How” – TEConomy’s Broad Approach and Specific Efforts across Each Phase

• Looking Forward – Project Timeline and Discussion

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About TEConomy Partners, LLC.

• The evolution of the Battelle Technology Partnership Practice (TPP) into TEConomy Partners, LLC.

• Transitioned into independent organization in December 2015

• Same team, same experience – new brand and expanded services

• We are a consultancy and think/do-tank in: Strategic planning Science and technology core

competency assessment Technology-based economic

development Economic analytics Public policy in science and

technology • Typically serve complex client groups

involving industry, universities, government and other economic development stakeholders

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Wide Range of Past Experiences in Science and Technology Projects

Arkansas Research Alliance assessment of job creating research potential of its universities, and now assisting in advancing innovation ecosystem

Arizona university bioscience and physical science core competencies & technology platforms

Connecticut core competency assessment, nanotechnology assessment and university-industry collaboration areas

Georgia Research Alliance biosciences and information technology assessment, including identifying big bang opportunity for biosciences

Louisiana university research and innovation assets and connections to Blue Ocean industry targets

New Hampshire core competency assessment, target areas of opportunity and advancing industry-university collaborations and overall innovation ecosystem

Massachusetts Technology Roadmap with focus on identifying strategic partnership opportunities

Ohio technology core competencies – guiding Third Frontier, Board of Regents focus areas and updated in 2011 and 2014; Ohio State Discovery Themes opportunity assessment

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TEConomy Partners – University Project and Core Competency Sites

UCLA USC Cal Tech

Pitt CMU

U Penn Drexel Lehigh

WVU

UNI ISU U Iowa

Marshall VA Tech

U Minn U Mass MIT Harvard Woods Hole

OK State U Oklahoma

TX A&M

U TN

U Memphis

U Nebraska

SD State SDSM&T

MSU UM WSU

ND State

CSU UA OSU OU

ND Purdue IU U Illinois

U Wisc

U Missouri Wash U

KSU

Auburn UAB UAH U Miss

MSU

U Florida USF

Duke NC State UNC

GA Tech U Georgia GSU Emory MCG

U Arkansas Clemson

LSU LA Tech

UL Tulane

U Kentucky

UNA ASU U Arizona

U Colorado CSU CSM

U Utah USU BYU

Johns Hopkins U Maryland

Brown URI RISD

SUNY ESF U Syracuse Stony Brook U Conn

Yale

U Oregon OHSU PSU OSU

Rutgers Princeton

UT

UD UC

PSU Wake Forest

UAMS

UTHSC

Mayo

ASU

U Washington WSU U Maine

USM

CWRU

UNH Dartmouth U Idaho

ISU Boise State

PSU

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Key Members of TEConomy’s Project Team

• Mitch Horowitz, Project Director Principal and Managing Director of TEConomy Served as Maryland’s Technology Advisor Worked as a Senior Executive for fast growing

health informatics company and mezzanine finance company

• Joe Simkins, Technical Lead Has served as Technical Lead for projects with

GRA, Rhode Island, Arkansas, Huntsville and Pittsburgh

• Mark Crowell, Lead on Environmental Scan and Assisting on University Leadership Interviews and Recommendations 25+ years in university innovation and

business development Experience at KAUST, UVA, Scripps, UNC, NC

State and Duke Past President of AUTM and 2013 Recipient of

Bayh-Dole Award

• Marty Grueber, Assisting on Establishing the Baseline Principal and Research Director at TEConomy Co-author of annual Battelle/R&D Magazine Global R&D

Forecast

• Simon Tripp, Assisting on Charting the Course Principal and Senior Director at TEConomy Led core competency and line-of-sight for Iowa, Mississippi,

NC State

• Deb Cummings, Assisting on Charting the Course and Developing Recommendations Principal and Senior Director at TEConomy While at Battelle helped conceive Ohio Third Frontier and

then hired to lead its implementation as Assistant Director for Technology at Ohio Department of Development

• Jennifer Ozawa, Assisting on Charting the Course and Developing Recommendations Innovation Director at TEConomy Previously at SRI Center for Innovation Strategy and Policy

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The “What”: VRIC’s Requirements


Project Purpose and Phases for Advancing Research-Asset Assessment from SCHEV RFP

• SCHEV seeks expert assistance in conducting a study that will be an assessment of the Commonwealth’s research assets, including those located at or within its public and private universities, federal research facilities and private sector companies.

The goals of this study will be to: i. Evaluate Virginia’s current

capabilities in the commercialization of its academic R&D

ii. Assess Virginia’s future opportunities and capacities for commercializing the results of its academic R&D

iii. Develop recommendations regarding where and how the Commonwealth should direct its resources to accomplish VRIC’s mandate

• Four phase effort set out by the RFP:

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Phase I: Establishing the Baseline

Phase II: Charting the Course Forward

Phase III: Developing Recommendations

Phase IV: Presenting Findings & Recommendations


Detailed Project Requirements from the RFP


• Environmental Scan – Cataloging of Assets Catalog Virginia’s current research

assets, collaborations and clusters, focusing on those most relevant and/or conducive to commercialization Catalog those Virginia-based

researchers in applied or translational fields with commercial potential

• Gap Analysis – “Shallow Dive”

• Initial Assessment of Assets: Preliminary “Headroom” Analysis

• Summary Report of Phase I

Phase II: Charting the Course Forward • Environmental Scan – University Technology

Transfer and Commercialization • Gap Analysis – “Deep Dive” • Targeted Assessment of Assets – Overall

“Headroom” Analysis Synthesize the results of Phase II activities to

yield a full assessment of unique strengths strategic advantages, emerging opportunities and potential priorities in Virginia academic research and commercialization Summary Report of Phase II

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Phase III: Developing Recommendations • Report of Recommendations • Full Report of the Project

Phase IV: Presenting Findings and Recommendations


The “How”: TEConomy’s Broad Approach and Specific Work Plan


The “How”: TEConomy’s Broad Approach to Addressing VRIC Requirements for Research-Asset Assessment

• Comprehensive approach to setting the baseline for Virginia’s research and development assets

• Use of advanced analytics for identifying core R&D competencies for supporting commercialization and broader innovation-led development in Virginia

• Focus on the overall innovation ecosystem to assess the translational research strengths as well as the gaps and missed opportunities for commercialization and innovation-led development in Virginia

• Extensive use of best practices to inform how Virginia might consider addressing its gaps and missed opportunities and build on its strengths for commercialization and innovation-led development

• Targeting Virginia-specific growth opportunities that build upon the state’s core R&D competencies and existing and emerging presence of advanced industries with a line-of-sight to growth opportunities

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Success in Today’s Global Knowledge Economy Requires Finding Your “Niche”

• The industry, university and federal labs base should be viewed as a portfolio of core competencies that can be linked to market opportunities.

• Recognize that not all states are built alike … It is the differences that can best define how a region can succeed in technology-based economic development.

Similar to private industry, states and regions need to bring a strategic focus in understanding the opportunities that their university and industry base can sustain and leverage

Hamel and Prahalad in their landmark study, Competing for the Future, explain how a focus on core competencies can improve competitiveness:

“To successfully compete for the future a company must be capable of enlarging its opportunity horizon. This requires top management to conceive of the company as a portfolio of core competencies rather than a portfolio of individual business units … Core competencies are the gateways to future opportunities.”

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Broad Approach to Assessing R&D Competencies

Proven methodology used in projects across the nation

• Research core competencies refer to those research areas where there is a critical mass of activity and demonstrated excellence as assessed by quantitative and qualitative analysis.

• No one single source of information that serves to identify core research competencies and focus areas. Rather, a variety of integrated and complementary analyses is required.

Quantitative Analysis Identifies research strengths through advanced analytics of: • Publication cluster

analysis • Patent innovation

networks Validate using: • Major grants • Reputational rankings • Technology focus of

industry development

Qualitative Analysis Use of field interviews to offer on-the-ground perspectives to validate and deepen understanding of specific R&D strengths and planned enhancements.

Perspectives from: • University and federal lab

leadership • Industry executives • Economic development

stakeholders

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Connecting Core R&D Competencies to Identifying High Growth Opportunities through Line-of-Sight Assessment

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Industry patenting analysis

SBIR and VC awards Detailed advanced industry

performance

Publications analysis

Research Centers

Research grant awards

Technology transfer trends

Areas where Virginia has real, differentiating potential

Core Industry R&D Competency Identification

& Innovation Drivers

Core Academic & Federal Lab Research Competency

Identification

Assessment of Line-of-Sight to

Significant Markets

Recommended Target Growth Opportunity

Platforms


Phase I: Establishing the Baseline Quantitative assessment of Virginia’s academic, federal and industrial R&D activities and initial assessment of gaps and growth opportunities.

RFP Requirements: • Environmental Scan –

Cataloging of Assets • Catalog Virginia’s

current research assets, collaborations and clusters, focusing on those most relevant and/or conducive to commercialization

• Catalog those Virginia-based researchers in applied or translational fields with commercial potential

• Gap Analysis – “Shallow Dive”

• Initial Assessment of Assets: Preliminary “Headroom” Analysis

• Summary Report

Specific Quantitative Analyses: • Analysis of university, federal and industry R&D trends, funding streams and

researchers involved in applied & translational research • Core competency assessment:

• Publications cluster analysis • Patent strengths and network analysis

• Gap analyses: • Technology commercialization • Funding streams • University-industry-federal lab collaborations

• Headroom analysis with line-of-sight to growth opportunities: • Alignment of university, federal lab and industry core competencies • Specific detailed advanced industries driving state economic growth • Identification of likely market opportunities and their prospects … existing

and emerging

Timeframe: • September 15 – R&D Trends and Core Competency • October 6 – Gap Analysis and Line of Sight Assessment

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Analysis of Academic, Federal and Industry Trends, Position, Funding Streams and Researchers Involved in Applied and Translational Research Trends • Tap NSF’s surveys Higher Education Research

& Development (HERD) survey Business R&D and

Innovation Survey (BRDIS) Federal Funds for R&D and

R&D Expenditures at Federally Based R&D Centers Surveys

• Consider overall trends and relative position and by detailed fields and sectors

• Augment based on interviews

Applied/Translational Research • University faculty co-

authoring publications with industry researchers or research funded by industry

• Federal research grants involving industry-university partners

• University, federal lab and industry researchers generating patent applications and awards

• Clinical trials principal investigators

• Industry researchers involved in STTR and SBIR activity

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Funding Streams • Sources of R&D funding to

Virginia universities compared to national trends: Federal government,

industry, philanthropy, state government and institutional funding

Can be examined by detailed field

Augment from interviews • Sources of industry

funding compared to national trends Internal, federal, or other

industry • Specific federal agency

funding to universities and industry


Use of Cluster Analysis of Publications to Identify Innovation Themes Across Research Institutions

18 Initial Analysis Not for Distribution – Business Sensitive

TEConomy will utilize a cluster analysis tool – OmniViz – that uses a machine learning algorithm to examine the relationships found in academic peer-reviewed publications based on the connections of words in sentences from the abstracts and titles of publications.

Example of an OmniViz publication cluster analysis for New Hampshire across 16k pubs from 2009-2015 generated 80 meta-clusters, or theme areas, which can be further grouped into 8 high level core competency areas

Core Competency Area Meta-Clusters Total NH PublicationsAstronomy & Astrophysics Astronomy 273

Astrophysics 1,434

Biochemistry, Microbiology, & GeneticsBiochemistry/Iron Uptake 46Cell Biology 203Proteins, Glycoproteins, & Antibodies 95Genetics/Epigenetics 115

Environmental Science

Agriculture and Plant-Animal Sciences 142Atmospheric Chemistry 292Climate Change/ Fisheries 198Forests & Soil Ecosystems 955Habitat Conservation 94Ice Core/Snow Level Studies 258Oceans/Marine 66Water Resources/Watershed 623

Immunology & Diseases Diabetes 78Infectious Disease, Immunology, & Vaccines 975

Medical Diagnostics & ImagingMedical Diagnostics & Biopsy 52Medical Imaging 252Radiation Dosimetry 52

Oncology Cancer/Leukemia 1,564

Photonics, Crystallography, & Materials Engineering

Materials Engineering 49Nanoparticles/ Magnetic Materials 78Nuclear/Particle Physics 67Photonics and Crystallography 492

Surgical & Organ Systems Medicine

Cardiovascular 485Endocrinology 40Gastroenterology 43Liver 50Neuroscience 575Obstetrics and Reproductive Science 157Orthopedics 95Pediatrics 101Transplantation 165Anesthesia 32


Use of Patent Analysis to Identify Areas of Innovation Strength, Largely Found in Industry

• Leading Areas of Patent Innovation Assess Areas of Innovation Specialization – measures where the level of relative

concentration in VA compared to the U.S. across specific patent areas Assess Value/Quality in Creating “Forward Innovation” – since patents routinely

cite prior patents to reflect fundamental ideas/concepts, a key measure of patent value and quality is the relative impact of patent areas in VA by examining forward citations per patent compared to U.S.

• Identifying Innovation Networks: Using connections in forward citations to examine more detailed relationships between patents in VA through connections in forward citations

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Example of Leading Patent Areas from NH Project

• Top technology class areas generated gives some idea of the focus of innovative IP themes

• Shows concentration in computing, medical and electronics spaces

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Detailed Patent Class Focus Area Number of Patents

Invented

Number of Forward Citations

Specialization Index

Forward Citation Impact Index

Machine learning, natural language processing, and complex data processing algorithms 791 4,537 2.01 1.63

Computer processors, virtual machine management, and other program controllers 331 1,934 2.22 2.03

Surgical and wound healing devices 320 2,317 1.98 0.91

Syringes, injectors, and infusion pumps 291 1,158 9.41 1.16

Manufacture and treatment of semiconductor devices 288 1,241 2.53 1.61

Touch sensor, stylus, and optical computer user interface devices 257 2,163 1.77 2.05

Implantable medical devices (stents, prosthetics, etc.) 252 2,091 2.61 2.06

Logistics and consumer data processing 246 1,475 2.08 1.64

Network security protocols or architecture 241 1,757 2.21 2.12

Medical diagnostic sensors and monitors 230 989 2.40 0.87


Example of Patent Innovation Network Themes from NH Project

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Biopharmaceuticals & biologics formulation, biological sampling & testing

Medical devices

Data processing & analytics, machine intelligence algorithms, data storage

Sensors, optics, & communications systems

Semiconductors & other microelectronics components

Photonics & plasma technologies


Example of Cross-walking Academic and Industry Position: Summary from NH Project

Industry Innovation Drivers

Presence in Innovation Industry Performance Research Strengths Market Potential

Patent Activity

VC Activity

SBIR Activity

Size Special-ization

Job Growth

Relative Job

Growth

Pubs Activity

Major Research Centers &

Grants

Market Size

Growth Potential

Data Processing & Analytics

Sensors, Optics and Systems

Semi-conductors & Micro-electronics

Photonics & Plasma Technologies

Biotech Tools, Techniques & Products

Medical Devices

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• Relevant Detailed Industries: Search, Detection and Navigation; Optical Instruments; Environmental Controls; Industrial Controls, Controlling Devices

• NH Industry Performance: o Mid-Sized (7,588 jobs) o Highly Specialized (533% higher level of industry

specialization) o Declining (-12% job growth, 2009-2014) o Lagging U.S. Growth (3.3 percentage points lower growth)

• Examples of NH Companies: BAE, GE, L&L Engineering, Paratek Microwave, H6 Systems, Mentis Sciences, General Dynamics

Example of Details on NH Sensors, Optics & Communications Systems Platform

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NH Industry Innovation Highlights Existing NH Industry Presence

Research/Innovation Context Potential Market Opportunity Publications: (leading fields by pubs (09-15) and level of specialization/relative concentration)

o Optics (259 pubs, 1.20) o Remote Sensing (113 pubs, 2.43) o Imaging Science (92 pubs, 2.12) o Spectroscopy (83 pubs, 1.15)

Major Research Centers and Grants: o UNH - Center for Coastal & Ocean Mapping/NOAA Joint

Hydrographic Ctr. (UNH); School of Marine Science & Ocean Engineering; Wind Tunnel Facility

o Dartmouth: Advanced Imaging Center; Nanosensors

• Leading patent activities: (# of patents, specialization, relative impact)

o Magnetic field sensors (120, 6.77, 1.60) o Vehicle navigation control systems (70, 8.71, 1.84) o Aerial antennae systems (60, 3.78, 1.77)

• Presence in venture capital: (>$10 m in funding, 09-14) o Industrial Automation

• Presence in SBIR awards: (multiple award winners) o Satellite remote sensing components o Navigation and range finding systems o Infrared and spectroscopic imaging systems o Wideband filter radio communications

• Global market in adaptive optics systems totaled $0.1 billion in 2014 with CAGR of 87.9%

• Global market in image sensors valued at $12.3 billion in 2014 with CAGR of 9.6%

• North American market in integrated remote sensing technologies valued at $8.4 billion in 2015 with CAGR of 9.3%

• Global market in transmission antenna technologies valued at $13.5 billion in 2012 with CAGR of 5.7%


Gap Analysis: Data-based Situational Assessment of Virginia for Commercialization Innovation-led Development

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R&D Activity Technology Commercialization

Entrepreneurial Culture

Successful and expanding advanced industries

Industry R&D

University R&D

Federal R&D

Patenting Trends

SBIR Awards

University Tech Transfer

Trends

New Business Start-ups

Formal Venture Capital Existing

Advanced Industry Growth

Range of Data Metrics Across Translational Research Paradigm


Phase II: Charting the Course Forward Engage key stakeholders to refine and validate core competency assessment, gap analysis and headroom analysis of growth opportunities.

RFP Requirements: • Environmental

Scan • Gap Analysis –

“Deep Dive” • Targeted

Assessment of Assets – Overall “Headroom” Analysis • Synthesize the

results • Summary

Report of Phase II

Specific Qualitative Analyses: • Environmental Scan of Technology Commercialization Readiness

• Interviews with university staff leading technology transfer, industry sponsored research and economic development

• Assess university policies and resources for technology transfer, industry contracting and tenure/promotion policies & broader efforts

• Implications from best practices • Gap analysis:

• University leadership interviews with eleven universities • Federal lab leadership • Industry executives in growth opportunity areas • Broader commercialization and innovation stakeholders

• Headroom Line-of-sight to growth opportunities: • Key metrics to track • Select up to five growth opportunities and set out approaches for increased

commercialization and collaboration and engagement with industry

Timeframe: • November 3rd

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More Details on Stakeholder Interviews

University and Federal Lab Interviews • University interviews

11 universities: CWM, EVMS, GMU, HU, JMU, NSU, ODU, UVA, VCU, VSU, VT

Mix of in-person discussions • Federal lab interviews

Reach out to regional coordinator for Virginia of Federal Lab Consortium

Seek phone interviews with up to five leading federal lab civilian R&D leadership

• Interview Topics: Efforts to grow, diversify and coordinate

research funding streams and tap non-routine sources and affiliated entities

Alignment and growth opportunities around core R&D competencies identified

Ongoing efforts, successes and challenges in commercialization, innovation and industry collaboration in conjunction with deeper environmental scan

Industry Executives & Broader Innovation-Related Stakeholders Interviews • Industry executives

6-8 opportunity areas identified from line-of-sight/core competency assessment

Interview by phone 5-7 industry executives from leading innovative firms both well established and emerging

• Commercialization/Innovation stakeholders Identify up to 20 organizational interviews by phone in

consultation with SCHEV

• Interview Topics: Key technology and market challenges of industry Competitive advantages and disadvantages of Virginia Rating of availability and quality of talent, R&D,

entrepreneurial development, capital and infrastructure Virginia interactions and linkages with other companies

and universities Views on overall innovation support system Views of future prospects and leading market

opportunities Critical economic development investments or signature

efforts need to grow industry

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Example from NH Project of Industry & Stakeholder Organizations Views on the Innovation Ecosystem

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Innovation Ecosystem Asset Area

Average Rating (1- Excellent to 5- Needing Improvement)

Summary of Reasons Impacting the Rating

Research & Development (R&D)

2.7 Proximity to Boston, increases in R&D activity at UNH, and several companies emerging in the Upper Valley Lack of an industry HQ in R&D development, the small scale of R&D performed by UNH and no state funding support

Innovation/ Entrepreneurship

2.8 Many organizations (e.g. AlphaLoft, NH DRED, UNH) and activities in the state that advise and support innovative and entrepreneurial businesses Lack of state funding and no centralized group to lead major initiatives in the respective industries, such as adv. manufacturing

Capital

3.8 The biggest area of need identified to foster the innovation ecosystem in NH -- overall, there's a lack of funding in NH for innovative companies from the state and the venture capital community

Innovation Physical Infrastructure

2.9 The infrastructure is adequate in most areas of the state Weaknesses in broadband availability and transportation in rural areas; lack of public transportation holding NH back

Workforce/ Talent

2.8 Highly educated talent in state Still, not enough talent to meet industry needs especially in the areas of engineering, information technology, adv. manufacturing and healthcare


Example of More In-depth Profiling of Target Opportunity Area: Washington State Project

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Growth Opportunity Area

Details Research Publications

(high specialization or national share)

Grant Activity (significant presence in

standout grant themes)

Patenting Activity

(high specialization and forward citation

impact)

Clinical Trials

(high PI-led trials activity)

Venture Capital

Investment (high

specialization &/or growth)

Marine and Agbiosciences

combination of remote sensing, genomics for plants and marine life and

ecological modeling Immune Response Therapies

monoclonal antibodies, immunotherapies with a strong

application focus on cancer and a research focus broadly on immunology

Personalized Medicine next-gen sequencing, genomic profiling,

biomarker identification Molecular Imaging & Modeling

complex disease pathway models; molecular interaction of therapeutics

and diseases; molecular engineering for image contrast agents

Ultrasound Devices & Therapies

diagnosis and treatment Bioinformatics/Health IT software; hardware; data analytics;

monitoring Hematology blood borne diseases, including cancer-

related


Phase III: Developing Recommendations Build upon gap analysis and identification of growth opportunities as well as leverage TEConomy’s deep experience and expertise in technology-based economic development policies and programs.

Specific Tasks: • Report of Recommendations

• Specific design of each recommendation • List of steps/activities that need to be taken for

implementation • Measures of success • Resources required

• Full Report: • Structured to communicate the importance of R&D,

especially academic research, and the role it plays in the future of Virginia’s economic growth and prosperity

• Layout and format based on consultation with SCHEV and VRIC – make use of InDesign publication software

Timeframe: • Completed by January 5th

Phase IV: Presenting Findings and Recommendations

Specific Tasks: • Prepare power point presentation • Conduct up to 3 in-person presentations

Timeframe: • Completed by March 31st

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Project Timeline

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Phase Component August September October November December January-March


Environmental Scan (Part I)

Gap Analysis (Part I)

Initial Assessment of Assets

Summary Report Ia – Environmental Scan

Summary Report Ib – Shallow Dive Gap Analysis

Phase II: Charting the Course Forward

Environmental Scan (Part II)

Gap Analysis (Part II)

Targeted Assessment of Assets

Summary Report II

Phase III: Developing Recommendations

Development of Recommendations

Report of Recommendations

Full Report of Project

Phase IV: Presenting Recommendations

Assist with Communications and Disseminations


Thank you … Questions?

Innovating Tomorrow’s Economic LandscapeTEConomy Partners is a global leader in research, analysis and strategy forinnovation-based economic development. Today we’re helping nations,

states, regions, universities, and industries blueprint their future and translate knowledge into prosperity.

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Mitch Horowitz Principal & Managing Director TEConomy Partners, LLC. 240.462.5456 [email protected]

Innovating Tomorrow’s Economic Landscape TEConomy Partners is a global leader in research, analysis and strategy for innovation-based economic development. Today we’re helping nations,

states, regions, universities, and industries blueprint their future and translate knowledge into prosperity.

research-asset assessment study for commonwealth of …...aug 24, 2017 · universities, and now...

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