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OCR for page 139
The Northeast Ohio Experience
Dorothy Baunach
Cleveland Tomorrow
Today's Presentation
Give an overview of Northeast Ohio.
Describe our technology infrastructure and model.
Share lessons learned.
Northeast Ohio Overview
Eight-county region with two major urban areas, Cleveland and Akron
Almost 3 million people (fourteenth largest consumer area in the United States)
Twenty-three percent of jobs are in manufacturing
About half as high-tech as San Francisco or Boston
High-school educated region
High-poverty region, 11.8 percent
Northeast Ohio's Technology Infrastructure
Years of experience (making it up as we go along)
But the key has been a comprehensive partnership with industry; academic and research organizations; state, federal and local governments; and foundations.
All partners are organized and managed to harness technology for economic benefit.
OCR for page 140
Targeted R&D/Industry Clusters
Automotive—large employment base, losing inventive edge.
Aerospace—anchored by NASA Lewis Research Center.
Biomedical—eighteenth largest city for receipt of National Institutes of Health (NIH) funding.
Polymers/advanced materials—ranks in top five U.S. regions for industry and research and development (R&D).
Information/telecommunications—impacts all other segments.
Our Strategy
Increase the competitiveness of businesses in key sectors of the economy.
Form, incubate, and retain new businesses.
Support research collaborations and tech transfer.
Develop the workforce—general, highly skilled, entrepreneurial.
Figure B-1.
Our Vehicle Enhanced: A Complementary Set of Financial Tools
Primus Venture Partners ($350 million venture capital fund)
Cleveland Development Partnership ($60 million real estate development fund)
Ohio Innovation Fund ($11 million in seed capital)
Figure B-2.
Economic Impact
This has been difficult to track and measure. Anecdotes abound and a few accomplishments are worthy of note:
Manufacturing employment has stabilized and CAMP's (Cleveland Advanced Manufacturing Program) GLMTC (Great Lakes Manufacturing Technology Center) has reached annual fees of $5 million from industrial projects.
Industrial research consortia and networks have formed around several key technologies.
Incubator tenants have returned state investment in payroll taxes.
Biomedical research base has tripled and company formation is improving.
Companies started during the past 15 years are making real contributions to the economy (STERIS Corp. is an example).
OCR for page 141
Figure B-1
Northeast Ohio technology intermediaries and funding trends
Technology Leadership Council Lessons Learned
Leadership matters.
Public/private partnerships work.
It's really hard to maintain long-term commitments.
Partners and programs need to innovate as region learns/changes over time.
Federal funds are critical to regional science and technology strategies.
Toughest support to find is for early stage, technology-based business formation.
OCR for page 142
Figure B-2
Technology Leadership Council Model
Examples of Federal Government Role in Technology-Based Economic Development, Northeast Ohio
Research grants—National Science Foundation (NSF), NIH, National Aeronautics and Space Administration (NASA), Department of Defense (DoD), etc.
Small Business Innovation Research grants
National Institute of Standards and Technology—Manufacturing Technology Center funding; Advanced Technology Program
NSF Science and Technology Center
EDA (Economic Development Administration) grant for urban Bio-Enterprise incubator
NASA—RTTC (Regional Technology Transfer Center), incubator, education grants
DoD ECRC (Electronic Commerce Resource Centers) funding
OCR for page 143
Technology Leadership Council, an Executive Network
Enhance the model by identifying and implementing select initiatives.
Facilitate activities among intermediaries to remove barriers, build linkages, and garner support.
Communicate and advocate the importance of technology to regional economic growth.
Target technology investments to build on regional strengths and focus on economic development returns.
OCR for page 144
This page in the original is blank.
Representative terms from entire chapter:
leadership council
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