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Increasing Competitiveness by Connecting Companies

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Title: Increasing Competitiveness by Connecting Companies


1
Increasing Competitivenessby Connecting
Companies Campus
  • BREI Annual Conference 2005
  • Nashville, TN

2
Our History
  • Enterprise and economic development has always
    been a vital part of Georgia Techs mission.
  • Part of Georgia Techs original charter in 1885
    was to help Georgia make the transition to the
    industrial age.
  • Today, Georgia Tech is providing the technology
    and assistance needed to make the transition to
    the 21st century economy.

3
Georgia Tech Service Areas
  • Business Industry Assistance
  • Commercialization and Technology Transfer
  • Entrepreneurial Development
  • Community Government
  • Linkages to Campus

4
Business Industry Services
  • Energy Management
  • Environmental Management
  • Lean Enterprise Services
  • Quality and International Standards
  • New Product Development Process Improvement
  • Product Design and Development
  • B2B Marketing for Manufacturers
  • Strategic Planning
  • Minority Business Development
  • Government Procurement Assistance
  • Trade Adjustment Assistance

5
Other Programs
  • Access and Collaboration with Campus
  • Schools of Engineering, Public Policy, College of
    Management, GTRI, Environmental Programs
  • Southeast Trade Adjustment Assistance Center
  • Assisting companies hurt by foreign trade
    competition
  • Southeast Regional Technology Transfer Center
  • Transferring NASA technology to improve
    industrial competitiveness.
  • Georgia Traditional Industries Program
  • Research to help carpet, textile, food
    processing, pulp paper industries
  • Georgia Tech Procurement Assistance Center
  • Helping companies win new contracts with the
    federal government
  • ATDC Seed Capital Fund
  • Boosting amount of early-stage financing for
    start-up companies

6
Georgia Tech Report Card
  • Commercializing technology from Georgia Tech
  • Ninety research innovations from faculty
    evaluated for market potential.
  • Helping entrepreneurs launch and build new
    companies
  • Incubator companies generated more than 684
    million in revenues and provided more than 4,900
    high-tech jobs during 2002
  • Assisting Georgia companies
  • 1,300 plus companies served through a variety of
    technical assistance.
  • Assisted companies with more than 211 million in
    new government contracts.
  • Assisted in the attraction or retention of more
    than 14.5 million in new capital investment and
    557 jobs statewide.

7
Georgia Centers of Innovation
  • Maritime Logistics Innovation Center
  • Life Science Innovation Center
  • Aerospace Innovation Center
  • IT Innovation Center
  • Agriculture Innovation Center
  • Advanced Mfg Innovation Center

8
Manufacturing Extension Partnership
  • Nationwide network of not-for-profit centers
  • 350 locations nationwide providing assistance to
    small and medium sized manufacturers
  • Dept of Commerce National Inst of Standards
    Technology
  • Specialists with experience in plant operations.

9
Innovation and Competitiveness
  • The National Innovation Initiative (NII) defines
    innovation as the intersection of invention and
    insight, leading to the creation of social and
    economic value.
  • Innovation will be the single most important
    factor in determining Americas success through
    the 21st century.

Source National Innovation Initiative Report,
Dec 2004
10
Innovation and Competitiveness
  • The innovation economy is fundamentally
    different from the industrial or even the
    information economy. It requires a new vision,
    new approaches and a new action agenda. The
    United States must create the conditions that
    will stimulate individuals and enterprises to
    innovate and take the lead in the next generation
    of knowledge creation, technologies, business
    models and dynamic management systems. A new
    relationship among companies, government,
    educators and workers is needed to assure a 21st
    century innovation ecosystem that can
    successfully adapt and compete in the global
    economy.

Source National Innovation Initiative Report,
Dec 2004
11
Innovation in Context
  • About half of all U.S. patents are owned by
    overseas companies (Japan, Korea and Taiwan
    accounting for more than one-fourth.)
  • Sweden, Finland, Israel, Japan and South Korea
    each spend more on RD as a share of GDP than the
    United States.
  • China overtook the United States in 2003 as the
    top global recipient of foreign direct
    investment.
  • Only six of the worlds 25 most competitive
    Information Technology companies are based in the
    United States 14 are based in Asia.
  • Asia spends as much on nanotechnology as the
    United States.

Source National Innovation Initiative Report,
Dec 2004
12
NII recommendations
  • Organized into three broad categories Talent,
    Investment, Infrastructure.
  • MEP network must refocus on innovation and become
    adaptive capable of finding new competitive
    advantages by looking ahead for market changes,
    dominating niche markets and rapidly exploiting
    new technologies and service advantages.
  • SMEs should receive assistance in
  • technology diffusion
  • new product development
  • supply chain integration
  • innovative use of business services
  • advanced information technologies and finance
    strategies.

13
Increasing Competitivenessby Connecting
Companies Campus
  • BREI Annual Conference 2005
  • Nashville, TN
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