Building the Ohio Innovation Economy Summary of a Symposium (2013) / Chapter Skim
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Panel VI: 21st Century Universities: Drivers of Regional Growth & Employment
Panel VI: 21st Century Universities: Drivers of Regional Growth & Employment
Pages 96-106
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From page 96... ...
Morgenthaler's comment that "what happened to the Rust Belt cities should not happen to the rest of the U.S. This thought is one of the drivers of the National Academies study of state and regional innovation policy and of leaders throughout the country holding meetings like this.
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From page 97... ...
We need to overcome some of those old geographical and political biases we once had." The Akron Model Dr. Proenza said northern Ohio's current economic climate is improving and although some challenges remain, the region is beginning to grasp and take advantage of many opportunities.
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From page 98... ...
This has generated great energy, and transformed the facilities for the betterment of the community. For the first time, governmental entities in Akron recognized that the university is a significant asset in the community -- not just because we created many construction jobs, but because our ability to attract students, researchers, and others is collectively making an economic impact." ‘An Island of Beauty Surrounded by a Sea of Decline' An essential realization was that the neighborhood surrounding the university needed revitalization, and if the university did not take an interest, it would eventually suffer.
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From page 99... ...
Instead, he repeated, the UARF is a "broad-based, robust platform for economic development." Dr. Proenza said the foundation began by taking inventory of regional assets left over from the Rust Belt era and began to assemble them in ways that could be more productive.
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From page 100... ...
Dr. Proenza said that because others are sometimes reluctant to say they are contracting with the University of Akron Research Foundation, the foundation is evolving into the Ohio Research Foundation so as to be "place-neutral." These activities have attracted awards and recognition from a variety of organizations, including the Ohio Board of Regents, Innovation Associates, the University Economic Development Association, Milken Institute, and the Economic Development Administration, which awarded The University of Akron one of its six i6 Challenge Awards, in partnership with the Austen BioInnovation Institute.
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From page 101... ...
We have literally broken through the silos while renovating the complex into a functional modern building." Dr. Proenza concluded by proposing a new role for the university of the 21st century.
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From page 102... ...
Baeslack suggested the "fundamental premise" that the primary driver of the future economy and job creation "will be innovation largely led by science, discovery and engineering." Global economic competitiveness, he went on, requires the confluence of scientific discovery, which creates knowledge and leads to technological opportunity, with work force talent and an enabling environment. "Put all that together, and you have the ingredients for economic success, as the second National Academies Gathering Storm report described."16 Modern universities contribute to all these components, he said.
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From page 103... ...
Collaboration between the CWRU Medical School and its clinical partners has led to the formation of 20 active life-science companies. The medical school also supports regional firms that have imported biotech opportunities to northeast Ohio.
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From page 104... ...
It also manages the university's pre-seed fund, Case Tech Ventures, which since 2003 has provided first capital to eight regional technology startups. He summarized some of the successes in innovation and commercialization, including: A stable of more than 20 for-profit companies active in the region; more than 200 active licenses with industry; novel multiparty collaborations in advanced energy, clinical translation and imaging; and many "first-in-man" clinical interventions based on CWRU technologies and executed by spinoffs and clinical partners.
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From page 105... ...
But it's been slow in coming. My goal is to see that accelerate much more rapidly." A questioner asked about the extent to which major research universities collaborate on issues of economic development.
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From page 106... ...
Dr. Proenza noted that certain tax policies, such as how tax-exempt facilities can be used, were too restrictive and that it was time to make the R&D tax credit for industry permanent.
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