Economic Development Training Class

Technology-led Economic Development

Early registration deadline extended to May 15.

Date: June 2-3, 2011
Location: Indianapolis, IN

» Agenda
» Instructors
» Accommodations/Training Location

Technology-led development can enhance the competitive advantage of a region by helping the technology sectors to become a strong base of the regional economy. It is important to understand the process of technological commercialization and in this course; participants will be introduced to the legal and financial framework for bringing an innovation to market, including technology protection and product licensing. Learn how to partner with government, industry, universities and the public to make technology a more prominent element of your regional economy. Find out how the importance of knowledge to economic transitions has made science and technology key components of economic growth.

Course highlights:

• Strategic Alliances and Technology Clusters
• Partnerships with Universities
• Fostering Partnerships – Business Networks
• Technology Resources
• Preparing a Technology Strategy
• Technology Marketing
• Transferring an Innovation to the Marketplace
• Research Parks and Incubator Programs
• Financing for Technology Businesses

Agenda

June 2
8:30 - 9:00 am	Registration
9:00 - 10:00 am	Introduction to Technology-Led Economic Development This session sets the context for the rest of the agenda topics. It will begin with definitions that describe the dynamics of the Global Knowledge Economy and why what we face for the future is not the same as the recent past. Questions to be discussed will include: What is technology? What is a technology company? What are the significant changes in economic dynamics that we need to take into account in economic development? What major changes does all of this imply for economic developers and for regional economic strategies?
10:15 – 11:15 am	How Incubators/Accelerators can evolve into the place for all things entrepreneurial, and how the development of a regional innovation system supports the growth of technology and entrepreneurship For several years, economic developers and universities have focused on technology transfer. We now know that the process of creating successful technology entrepreneurship and clusters is more complex. It depends upon a whole "system" of resources—all working together. Many of the pieces include connecting research institutions with communities to foster critical entrepreneurial business skills, networking and financing opportunities. There will be discussion of how the pieces work together to create the right environment in which technology companies grow and thrive. Then, Day 2 sessions will address individual components of the Innovation System in greater detail.
11:15 am - 12:15 pm	Case Study: Purdue Technology Center of Indianapolis The Purdue Technology Center of Indianapolis is a model for innovation, education, and economic development that has been applied around the world. This session will explain PTC’s economic and business development model and how EDOs can work with local and regional research facilities to facilitate job creation.
12:15 – 1:30 pm	Lunch on your own
1:30 – 3:00 pm	From Idea to Marketplace—Knowledge Management Processes Technology transfer and commercialization of intellectual property is one of the most difficult things for universities do well. Some universities have "cracked the code," and others still flounder. What differentiates the successful from the others? Those that have "cracked the code," in most instances have created a regional system of resources, working in concert towards a common goal. Session will discuss how the various components can create a synergy leading to technology cluster development in which entrepreneurial companies grow and thrive.
3:45 – 4:30 pm	Engaged Research Institutions—at the Heart of TLED Strategies In this session, the participants will explore in greater depth all the ways in which community colleges, universities, medical and other research institutions are playing (or should play) critical roles in any regional TLED strategy. This session will also address the issue of what to do in the absence of these types of institutions.

June 3
9:00 - 10:15 am	Tech-led Strategies for Rural Economies Rural-based economic developers can assist tech-based businesses by fostering strong networks of business service providers, improving telecommunications infrastructure and by helping local firms access the most recent innovations in technology to help grow their businesses. This sessions will cover practical strategies that rural EDOs can implement to create a robust technology-based economic development plan.
10:30 am – 12:00 pm	Financing and Equity Options for Tech-based Businesses There are many viable options for tech-based businesses to acquire small business development funding such as commercial banks, angel investors and SBTDC programs. This session will help practitioners better understand the diverse set of funding sources available. Also, this session will improve the practitioners understanding of what lenders and angel investors are typically looking for in a start-up venture.
12:00 - 1:30 pm	Lunch on your own
1:30 – 2:30 pm	The Knowledge Workforce We know that one of the hugely important factors to tech companies, when they decide where to be, is the availability of a suitably skilled local workforce. Indeed, focus on workforce strategies has become an important part of the economic developer's job. In this session, we will address how to strategize for bringing together local/regional resources (K-12, WDBs, Colleges, etc.) to be sure that your region can market its high-skilled workforce for tech companies.
2:45 – 3:45 pm	Defining Local/Regional Capacities and Industry Clusters, to Create a Tech-Led Market Strategy Once participants and a process are defined, the next step is to assess local/regional capacities and the assets on which to base a TLED strategy. This session will review basic SWOT analysis, including economic assessment. It will address assessment of education and workforce assets and requirements. It also will describe how to analyze existing industry base and define present and targeted clusters for market strategy. Components of a Market Strategy will be explained
3:45 - 4:15 pm	Putting it All Together Now that you have heard about the pieces, how do you put it all together? This session will summarize the information covered in the course, provide a few mini case studies, and engage participants in discussing how they would apply what they have learned in their regions.
4:15 - 4:30 pm	Wrap-up and Certificates


* Agenda subject to change
**Please Note: In order to receive full IEDC certification credit for this course and a certificate indicating course completion, participants must stay until the final session on the last day. Please make travel plans accordingly.

Instructors

Gene DePrez
Partner
Global Innovation Partners

Founding partner of Global Innovation Partners, a group of highly experienced innovation champions assisting businesses, cities and universities to increase their global competitiveness. Recently chief innovation officer for the UK's first comprehensive economic development company. Previously Co-Global and Americas Leader for IBM's Global Location and Economic Development strategies consulting practice, and associate partner in IBM’s Strategy & Change practice and IBM’s Global Innovation Team, and at PricewaterhouseCoopers prior to IBM’s acquisition of PwC’s management consulting practice.

Over 35 years of advising hundreds of the world’s leading organizations to transform their business strategies and where to invest and locate their headquarters, research centres, advanced manufacturing and other major business units. Past clients include Citigroup, Novartis, Merck, Becton Dickinson, P&G/Gillette, Hertz Corporation, Shire Pharmaceuticals, Master Card, VISA and UPS.

Directed competitive economic development strategy for numerous states and city - regions throughout North America and the UK. Clients have included Pennsylvania, Texas, Louisiana, Maryland, Indiana, Florida, Michigan, North Carolina, New York, and New Jersey, and metro areas of Phoenix, Toledo, Baltimore, Toronto, and Sheffield and Hull in the UK. Led the development of best practice growth models for universities and technology parks, among them the world class Research Triangle Park.

Also served as Vice President of PHH Fantus and as Principal of Fluor Daniel Consulting, and President/CEO of Partnerships DataNet; a Washington DC based national collaborative development initiative formed by the White House with business and association leaders. Earlier was a university director of public affairs and held several marketing communications positions at Eastman Kodak.

George A. Erickcek
Senior Regional Analyst
W.E. Upjohn Institute for Employment Research

While maintaining a strong research focus on west Michigan, Erickcek has expanded his research agenda to regional economic issues across the state and the nation. Recently, he led a research effort to develop a project evaluation model for the Economic Development Administration (EDA). Currently, he is leading another research team in evaluating EDA regional development districts and their comprehensive planning documents. He has coauthored papers on a variety of national regional issues, including the impact of education and medical institutions on their regions and the challenges facing auto-dependent communities. With Randall Eberts and Jack Kleinhenz, he prepared a highly-regarded Economic Dashboard for the greater Cleveland region. Finally he has prepared fiscal impact statements for proposed college scholarship programs in Davenport, Iowa; La Crosse, Wisconsin; and Toledo, Ohio.

Martha J. Connolly, Ph.D.
Director
Maryland Technology Enterprise Institute (MTECH)
University of Maryland

Dr. Connolly is the Director of the Maryland Industrial Partnerships (MIPS) at the Maryland Technology Enterprise Institute (MTECH) at the A. James Clark School of Engineering at the University of Maryland. The Maryland Industrial Partnerships (MIPS) program accelerates the commercialization of technology in Maryland by providing matching funds for collaborative R&D projects between companies and University System of Maryland faculty. Dr. Connolly is also an adjunct faculty member in the Bioengineering graduate program at the A. James Clark School of Engineering, and teaches a course in life sciences entrepreneurship at the University of Maryland.

Dr. Connolly holds BS and MS degrees in Chemistry from Stevens Institute of Technology, and a Ph.D. in Biomedical Engineering from The Johns Hopkins University. She was a research faculty member at Johns Hopkins, and later an assistant professor at the University of Maryland, Baltimore. She is the former Senior Biotechnology Specialist for the State of Maryland’s Department of Business and Economic Development. She also was a founder of an entrepreneurial technology development company, and directed business development at a publicly traded biopharmaceutical company. She is experienced in early stage technology commercialization, business development and economic strategies. In 2007, the Daily Record named Dr. Connolly one of Maryland’s 50 Most Influential People.

Scott Hutcheson
Assistant Program Leader, Economic & Community Development
Purdue University

Scott Hutcheson has worked in community and economic development since 1992. In his current position with Purdue University he helps lead the school’s economic development efforts through the Purdue Center for Regional Development and Purdue Extension. Scott works closely with local, regional, state, and federal partners in policy, strategy, and planning related innovative approaches to economic development, community support systems for entrepreneurship, and new models for talent development. He has worked with over 200 local and regional communities and in 20-plus states with workforce and economic development agencies, higher education administrators, and other stakeholders. At the federal level, Scott has extensive experience working with the Economic Development Administration, Department of Labor Employment and Training Administration, USDA Rural Development, and other federal agencies.

Prior to his work with Purdue, Scott held corporate and philanthropic leadership positions with American Airlines and United Way. He has an undergraduate degree from Tennessee Temple University, a master’s degree from the University of Tennessee, and has done post-graduate work at Purdue.

Scott is also an award winning writer and Emmy®-nominated producer for the Public Broadcasting System. He writes a weekly column that appears in newspapers across the U.S. and is currently working on his second book, Strategic Doing: How to Transform Communities and Change the World, co-authored with Ed Morrison. Scott and his wife Lisa, a public health lobbyist, live in Lebanon, Indiana with their grade-school age sons Henry and Oliver.

Accommodations/Training Location

Hyatt Regency Indianapolis
One South Capitol Avenue
Indianapolis, IN 46204
Phone: (800) 233-1234
Website: www.hyatt.com
IEDC Room Rate: $149 single/double
Cut-Off Date: May 11, 2011

Registration

By May 15
After May 15

IEDC Member
$425
$525

Non-member
$525
$625

*Walk-in registrations will be accepted. Full payment must be made on-site in order to attend the course.

Individual paying by credit card: Click this button if you are registering as an individual IEDC member or nonmember and paying by credit card.

Group or partner paying by credit card: Click this button to download a form (PDF) if you are paying by credit card and registering a group or as a partner with a promo code.

Individual, group, or partner paying by check or purchase order: Click this button to download a form (PDF) if you are paying by check or purchase order, whether you are an IEDC member, nonmember, partner, or group. Form must be faxed or mailed in and accompanied by payment.

Should you have difficulty registering online, please download the course registration form (PDF).

Refunds less a $60 cancellation fee will be issued for all cancellations received in writing to fax: (202) 223-4745 or email: jgibson@iedconline.org at least 10 business days prior to the course – please allow 3-4 weeks. All registrations regardless of payment status are subject to the $60 cancellation fee. No refunds or credit transfers to a future course will be issued for cancellations received within 10 business days of the course. Telephone cancellations are not accepted. Attendee substitutions for a course may be made at any time prior to the course.