Presentation given to the Kendall Square Association on community and job growth.

1. Kendall Square Association
Annual Meeting
March 8, 2012
Tim Rowe
Founder and CEO
Cambridge Innovation Center

2. At the end of the day,
we all have the same priorities
healthy kids
happy families
strong and safe communities

3. The key to this?
good and well-paying jobs

4. Where do jobs come from?

5. They are coming from HERE.
They are coming from US.

6. Recent research says that innovation
and entrepreneurship are the key to job
growth.

7. The Importance of Startups in Job Creation and Job Destruction, T. Kane, The Kauffman Foundation, July 2010 http://goo.gl/eMSqe

8. Are we really playing
such a crucial role?

9. We are #1 in talent
Talent
Massachusetts:
#1 in college graduates
- According to the 2010 US Census,
Massachusetts leads the nation in
bachelor and advanced degrees earned
- 54.6% of the Massachusetts adult population has a
college degree, 43% higher the national average.
- We have the highest college graduation rate in the
country, 69.2%
Boston area alone:
50+ colleges and universities with
225,000+ students
US Census 2010: http://www.census.gov/compendia/statab/2012/tables/12s0233.pdf
The National Center for Higher Education Management Systems (NCHEMS): http://goo.gl/U1usr
College Board: http://goo.gl/yrMJk
Map: http://goo.gl/FmWlo

10. We are #1 in R&D funding...
NIH example
Building New York City's Innovation Economy, J. Grady and J Bowles, Center for an Urban Future, September 2009. http://www.nycfuture.
org/images_pdfs/pdfs/BuildingNYCsInnovationEconomy.pdf

11. We are #1 in venture capital
Massachusetts
$457/person
NVCA 2009 Yearbook. Graphic taken from "Boston Startup Scene" presentation by Jeffrey Bussgang, Flybridge Capital Partners. http://www.slideshare.net/bussgang/boston-startup-
scene-picture-presentation-212

12. What makes Kendall Square so potent?
● Talent
● Investment
● Density, density, density
○ Leads to collaboration, community

13. Density

14. What excites me
about the KSA?
We are telling our story
We are building community
We are helping design the future of Kendall
We are increasing our impact on the world

15. Telling our story
The Entrepreneur Walk of Fame
2011 Honorees:
Bill Gates · Bill Hewlett · Bob Swanson · David Packard · Mitch Kapor · Steve Jobs · Thomas Edison

16. Building Community
Third Thursdays

17. Designing the Future of Kendall
Working with Stakeholders to Identify Good Outcomes For All
MIT proposed design for the new center of Kendall Square

18. Impacting the world
MIT
● The Kauffman Institute estimates there are 25,800 currently active companies founded by MIT
alumni that employ about 3.3 million people and generate annual world revenues of $2
trillion, producing the equivalent of the eleventh-largest economy in the
world.
A few milestones from just this past month...
● Great Point Energy developed coal gasification technology announced $420
million of investment to take its Kendall Square technology to China. This was the largest
Chinese investment ever in a private US company.
● Biogen Idec recognized the value of the innovative therapies for fibrosis and organ failure
developed by Stromedix, acquiring it for $562 million on cash and milestone payments
● Local startup Wefunder.com obtained 2,500+ signatures on a petition to change
investment laws to enable crowd-funding (IPOs without the paperwork), and it looks likely to pass
● MIT Prof. Bob Langer announced the results of a study implanting a wireless electronic
device in the human body for drug delivery--the first ever attempt of this kind
MIT Entrepreneurial Impact: The Role of MIT, E. Roberts, C. Eesley, MIT Sloan and the Kauffman Institutte, February 2009.
Xconomy on Great Point Energy: http://goo.gl/fube6; Investors.com on Biogen Idec: http://goo.gl/Z5YQF
www.wefunder.com; MIT News on Bob Langer: http://goo.gl/KgjNK