Contenu connexe Similaire à Accelerating the Creation of the Austin Innovation District - Lessons from Kendall Square (20) Accelerating the Creation of the Austin Innovation District - Lessons from Kendall Square1. Accelerating the Creation of a World
Class Center of Innovation in Austin –
Learning from Kendall Square and the
Boston Experience
Presented to the Downtown Austin Alliance – 11/6/2013
by
William A. Ghormley, Sr. Vice President, Xconomy
Nathaniel Welch, Sr. Manager, Center for Applied Research
Client Name
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2. Our Objective Today.....
• What is an innovation cluster vs. a district?
• What is happening in Boston and why?
• How Austin can create further conditions for success?
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7. A Brief Timeline of Boston and Kendall Square
1780’s - 1850’s:
Dramatic postrevolution growth
1629 - 1720’s:
From farming
town to port
1850’s - 1880’s:
From clipper
ships era to
industrial boom:
Telephone (1876)
Downtown Austin Alliance
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1880’s - 1940’s:
MIT moves (1916)
Radar (1940)
1980’s - 2013:
Kendall Square
becomes, life ciences,
high tech cluster
1950’s - 1980’s:
Imaging, computers,
aerospace, software,
healthcare, biotech
7
9. What do we mean by “cluster”?
Place
matters
Brand
Power
Community
Values Matter
Reduced
friction
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Concentrated
Knowledge
Trusted
relationships
Reputation
mitigates
risk
9
11. Self-Organizing elements of a successful cluster
Geography
“Founderati”
(Entrepreneurs)
Developable
Space
Mass Transit
Financial Capital
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Knowledge Capital
Cultural Arts
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12. Creating the seeds of opportunity – Rt 128
RADAR
MENS ET MANUS
“Mind and Hand”
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13. Two divergent paths on whether academics
could start companies.....
This created the locus of
activity in Kendall Square
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14. Kendall Square attracted dollars for biotech
and other research...
$400 million
$600 million
$135 million
$220 million (VC)
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15. ...and the Cambridge Innovation Center has
been the magnet for entrepreneurs
"If technology and innovation are the lifeblood for our future,
then CIC is ground zero.” Rob Weisman, The Boston Globe
Number
What
$2B
VC money raised by companies started at the CIC
1500
Number of companies have gotten their start at the CIC
40,000
Jobs created
7,368
Number of meetings held each month at the CIC
20,926
Number of cups of coffee made each month
Downtown Austin Alliance
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20. … and the Longwood Medical Area
Par
ee
Qu
ue
ne Aven
Fo
Brookli
rsy
nw
a
Museum of Fine Arts
Back Bay
Fens
CT3
y
Ar
ts
wa
et
Simmons College
Residence Campus
Museum School
Renaissance Park
Museum of Fine Arts
Louis Prang Stree
Ruggles Street
Mass.
Mental
Servicenter Health
Shapiro
Center Cardiovascular
Brigham
and Women’s
Hospital
Franci
s Stre
et
Jam
.
on St
Kempt
et
g Stre
Mass.
Mental
Fenwood
Inn
ns
et
lba
A
St.
Green Line:
Arborway “E”
Calumet Stre
Vinin
ay
aw
aic
9
Vancouver Street
ue
n Road
nt
ing
t
Hu
Annunciatio
on
Parker Street
Roa
d
39
66
Str
eet
nt
mo
et
Mindo
Tre
ro Stre
Halleck Str
ee
t
•
Mission Hill Link
Bus Stop
Downtown Austin Alliance
To Rt.
Massachusetts
College of
Pharmacy and
Health Sciences
Brigham Circle
ood Ro
ad
Legend
Station Street
Center
Fenw
Horadan Way
•
•
•
•
6 Major Hospitals
2.4M Outpatient visits/yr
12 Educational Institutions
45,000 Employees (
20
Entrance
Accessible Entrance
Street
Countway
Library
ck Street
et
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en
Av
Rt
Harvard Medical School
Shattu
To Brookline Village
Evans Wa
y
39
Smith Street
Restaurant
Gurn
ey
Yawkey Center
for Cancer Care
60
65
Prentiss Street
Harvard
School of
Public Health
St. Alphonsus Street
ren’s W
ay
s Stre
Brookline
t
ree
Ward St
Longwood/
Hospitals
Mc Greevey Way
Wigglesworth Street
Franci
39
CT2
Harvard
School of
Dental
Medicine
et
Binney
Stre
ad
Massachusetts
College of
Pharmacy and
Health Sciences
Police
Headquarters
CT2
Boston
Children’s Hospital
Dana-Farber
Cancer Institute
Jimmy
Fund W
ay
Child
Beth Israel
Deaconess
Medical Center
West Campus
Massachusetts College
of Art and Design
Longwood Avenue
Meadow Lane
Road
y
Pilgrim
n Street
rwa
ness Ro
319
Brigham and
Women’s Hospital
221 Longwood
Galleria:
Food Court
Shops, Hotel
Joslin
Diabetes
Center
Joslin
Place
Deaco
Boston
Children's
333
Hospital
Longwood
Avenue
Wentworth Institute
of Technology
Roxbury
Crossing
New
Du
Str
dley
Coffee Shop
eet
Bank/ATM
Retail Shop
Mission Hill
Pharmacy
Hotel
Parking
66
Tremont Street
MBTA Green Line Stop
Harvard Shuttle Stop
eet
Judge Baker
Children's Center
Gore Str
Covenger St.
8
19
47
CT2
CT3
Longwood
Research Center
Riverway
Harvard Institutes
of Medicine
Carl J. Shapiro
Clinical Center
enue
Autum
Rive
oad
Boston Latin School
Longw
ood Av
Boston
Children’s
Hospital
Tetlow Street
Palace Road
Wheelock College
Brookline Campus
New Research
Building
Simmons
Drivewa
y
.9
8
19
47
60
65
CT2
CT3
375
Longwood
Avenue
Blackfa
n Cir.
Way
Nessel
Temple
Israel
Center for
Life Science
Boston
Worthington Street
ne Aven
Brookli
ay
rw
8
19
47
CT3
Evans Way
ue
et
l Stre
Chape
et
tre
te
rS
es
lch
Co
ve
Ri
Beth Israel Deaconess
Medical Center
East Campus
Avenue Louis Pasteur
ad
Ro
h
Be
ec
Short St
reet
The Winsor
School
Isabella
Stewart
Gardner
Museum
Simmons College
Academic Campus
Merck
Research
Laboratories
8
19
47
CT2
CT3
Parker Hill Avenue
Terrace Street
Colc
Pilgrim
hes
ter
Road
Stre
et
Museum Road
8
19
47
CT3
Emmanuel College
t
Longwood
Ruggles
Stre
Wheelock College
Main Campus
n
Leo
Green Line:
Riverside “D”
ft
he
Fen
et
ell R
re
et
y
rive
St
Fe
St
re
Wheelock College
Brookline Campus
New
th
39
t
ou
M
ay
eo
e
re
rsy
th
W
kD
Co
Northeastern University
Fo
nu
St
Ca
rlt
on
Fenway
Av
e
t
th
m
Fullerto
n Street
47
CT2
ur
on
enue
St
re
et
ou
or
et
re
St
on
ac
Be
on
m
ou
th
et
ton Av
Landmark Center
M
re
St
ry
Burling
Harvard Vanguard
(Kenmore)
gh
8
19
60
65
et
ns
be
r
St
re
et
re
er
b
St
Pe
t
y’s
Overlan
d Street
n
ar
To Kenmore
Square
to
.M
Landmark Center
Bo
yls
St
Hemenway Street
Blue Cross
Blue Shield
Fenway
Audubon
Circle
47 MBTA Bus Numbers
MBTA Bus Route
Oscar Street
0
50
100
200
21. The Emerald Necklace: by Frederick Law Olmsted
Longwood
Kendall
Seaport
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25. Technology + Talent + Tolerance
Three forces that create cluster success
Technologies are merging: 200 years of Physical Science/Physics,
converging with 100 years of Life Science/Biology converging with 50 years
of Computational Science, giving us accelerating ability to analyze and
design new solutions, which has developed an army of engineers and
scientist with amazing, disruptive ideas they want to try.
Talent from Business, Legal, and Financial sectors combines with these
Entrepreneurial Engineers to build potent start up enterprises that become
productive companies employing a wide range of talents and skills, which
attracts capital and builds companies.
Tolerance for differences and those who bring key skills and capabilities
allows the start up culture to build businesses rapidly in a sustainable way,
rewarding those who develop themselves continuously.
Downtown Austin Alliance
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26. The four key institutions enable high
performing clusters
Academic
Cultural
The Cluster’s
Institutions
The Cluster’s
must thrive
Institutions must
thrive
Economic
All four types of institutions
must perform well for a cluster
to be considered excellent
Government
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27. Key Design Principle: Look across to win
Cross-Functional
Task Forces
Cross-Silo
Problem Solving
Cross-Cultural
Teams
.. All enabled by openness to different perspectives.
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28. 7 U.S. sites of innovation
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29. The metrics that matter for clusters
• Quantitative
• Companies
• Jobs
• Revenue
• Investment
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• Qualitative
• Trust between parties
improves
• Risk taking is valued
• Success is celebrated
• Failure is shared learning
• Reinvestment is
expected
• Openness is
fundamental
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30. Think about...
• A long time horizon
• What is the branded “Austin experience”?
• The 4 key institutional roles
• If Amsterdam’s number is 33/33/33, then what
should Austin’s be?
• A Place to live, work, play, shop, learn
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31. And what are your thoughts…
What are one or two pieces of advice or ideas
about developing an innovation cluster in Austin
that you want to share with the task force that will
be working on it?
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