Building Hawaii's Innovation Economy Summary of a Symposium (2012) / Chapter Skim
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Hawaii's Innovation Strategy
Hawaii's Innovation Strategy
Pages 3-14
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In launching the Council's report, the University of Hawaii partnered with the National Acad emies Board on Science, Technology, and Economic Policy to convene a major conference in January 2011. This conference drew together the state's political, academic, and business leadership, along with federal officials and national ex perts to highlight key challenges and opportunities facing Hawaii and to identify key steps toward meetings the Innovation Council's objectives.
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This, he said, began some two centuries ago with the domina tion of the sandalwood market and continued through export economies based successively on whaling, sugar, pineapple, the military, and, currently, tourism. The state is, and will probably continue to be, a popular destination for visitors worldwide who seek a reliably balmy climate in an exotic setting, but the growth potential for traditional tourism is limited by transportation, lodging, and other constraints.
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." New PROC gure 3 THE UNIVERSITY OF HAWAII AS AN ENGINE OF GROWTH Bitmapped In her conference presentation, University of Hawaii President M.R.C. Greenwood noted that her institution is seeking to become a major driver of in novation and commercialization in the state by initiating an institution-wide effort to enhance awareness of the potential applications of research and encourage entrepreneurship in its curriculum design, course content, and faculty incentives.
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In April 2010, President Greenwood formally named a University of Hawaii Innovation Council and charged its members with recommending how the university could best catalyze its own transformation and become a true leader in building regional economic leadership. The Innovation Council members included University of Hawaii faculty leaders, venture capitalists, a former Administrator of NASA, a dean at the University of California at San Diego, and the director of Stanford Uni versity's technology licensing office.
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What we don't want to do is create a society of great entrepreneurs only to see them leave the state because there are insufficient resources to support their businesses." In his conference presentation, Mr. Weinman, a venture capitalist and a fellow member of the University of Hawaii Innovation Council, pointed out that some of the largest pools of private capital in Hawaii, including those of the Kamehameha Schools and the labor unions, are invested not in the state itself but on the mainland.
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They are also likely to bring a degree of "path to market" expertise, a current focus of Queen's, which is seeking to raise its own return on investment.3 3 This is the path taken by Singapore in its efforts to recruit star faculty and Nobel laureates. It is also the approach of the Canada Research Chairs program, which allocates $300 million a year to recruit internationally recognized leaders in their disciplines as well as exceptional emerging researchers seen by their peers to have potential to lead in their fields.
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Encouraging Civic Involvement In her conference presentation, Mary Walshok described how the community in San Diego, California, successfully mobilized to transform a region with an economy dependant on the presence of the military into one of the world's most productive clusters of science-based economic activity. The rapid growth of research and research-based firms began around a core of outstanding research institutions: Scripps Institution of Oceanography (1903)
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Building on Natural Assets Several conference participants noted that when moving ahead with innovative development strategies, citizens of Hawaii are well aware of the potential of their state's abundant natural assets, such as sunlight and wind, clean ocean water, geothermal energy sources, and its mountain peaks that serve as home to some of the world's premier astronomical sites. 5 When the first major observatory was constructed on Mauna Kea in 1970, the University of Hawaii did not yet have a night-time astronomy program (it had one solar observatory on Halealakala, Maui)
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Taylor, "but when we do, we can teach others, and export knowledge instead of pineapples." Leveraging Existing Assets While the Hawaiian islands continue to appeal to tourists around the world, this industry's growth potential is limited, said Peter Ho, Chairman, President, and CEO of the Bank of Hawaii, and Chairman of the APEC 2011 Hawaii Host Committee. To maximize on its existing hotel stock, the state is seeking to draw more diverse business travelers at times of year when traditional tourism slows.
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In a parallel development, some of the engineers and technicians who have worked on astronomical facilities for the Mauna Kea and Haleakala sites, as well as for other NASA missions, have begun to use their skills to form spin-off companies based in the state. These companies are now employ ing local workers in making space instruments for local and mainland clients.
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, but companies, educational institutions, and civic groups. He characterized regional innovation clusters as "geographic concentrations of firms and industries that do business with each other and have common needs for talent, technology, and infrastructure." He added that public-private partnerships among companies, educational institutions, suppliers and customers, federal, local, and state governments, foundations and other non-profit entities, venture capital firms, and financial institutions can help create a climate in which businesses grow along with employment.9 Partnering with the Federal Government In her conference remarks, Ginger Lew of the White House National Eco nomic Council observed that encouraging the development of regional clusters is a priority for the Obama administration.
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From page 14... ...
The state developed a similar plan 15 years ago when a governor's task force reported that University of Hawaii should be the economic engine for the state and should begin to commercialize some of its research, but that plan was not implemented. "The challenge is to do what we know we have to do," she said, emphasizing the need to act based on the recommendations of the 2011 Hawaii Innovation Council Report.
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