Leveraging Science, Technology and Talent to Create Economic Growth and Opportunity for the Portland Metro Region
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1 Leveraging Science, Technology and Talent to Create Economic Growth and Opportunity for the Portland Metro Region
2 Presentation Overview What is the Portland Innovation Quadrant (IQ)? Why does the IQ matter? IQ First Principles Why Innovation Districts? Why Now? Portland Context: Fertile Ground for Innovation and Economic Growth Big Ideas to Animate the IQ Process and Timeline Discussion
3 What is the Portland Innovation Quadrant? The Portland Innovation Quadrant is envisioned as the geographic nerve center of a flourishing innovation ecosystem that attracts talent, entrepreneurs, and investment and propels Portland to global prominence in the cross-collaboration of health, science and technology industries. The IQ is fueled by a talented STEM workforce cultivated locally through a coordinated STEM career pathway system delivered by 4 anchor institutions (OMSI, PCC, PSU, OHSU) in partnership with regional k-12 school districts and educational partners.
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5 Why Does the Innovation Quadrant Matter? The IQ is a once in a generation opportunity to leverage available land, new infrastructure, and transit investments to amplify a concentrated set of existing and emerging science and technology assets including the Collaborative Life Sciences Building, the Knight Cancer Institute, the OHSU-PSU School of Public Health, OMSI, PCC Climb Center and a thriving ecosystem of business accelerators. As anchor educational institutions OHSU, PSU, OMSI and PCC have a large stake in the future and success of the IQ.
6 IQ Strategic Value 1. Attract talent and investment 2. Build workforce pipeline 3. Engage community 4. Build off excellence and expertise of our largest health, science and technology companies e.g. Intel, Nike, FEI, Providence 5. Promote joint research and development 6. Accelerate tech commercialization, innovation and entrepreneurship 7. Leverage combined partner resources to advocate for and realize shared goals 8. Showcase Portland s leadership in a tangible, geographic district
7 IQ First Principles Accessible to All Grow STEM talent pipeline Collaborative Leadership Inclusive Growth Intergenerational Compact Urbanism
8 Innovation Districts: A New Economic Development Paradigm Innovation Districts are geographic areas where leading-edge anchor institutions and companies cluster and connect with start-ups, business incubators, and accelerators. They are physically compact, transit-accessible, and technically wired and offer mixed use housing, office and retail. Brookings Metropolitan Policy Program
9 Why Innovation Districts? Why Now? New Geography of Innovation o Change in location preferences of people and firms Mash-up of technology and traditional industry o Open innovation, collaboration and hybridization Strong preference for urban location o Millennials prioritize transit-oriented, amenity-rich urban core or close-in neighborhoods
10 Portland Context: A decade of investment and growth has created Fertile Ground for Innovation Major infrastructure and transit investments by PDC and TriMet Significant higher education growth, development and investments Robust entrepreneurial and startup activity rooted in or near the IQ Commitment, vision and investment by skilled, local real estate developers A thriving technology ecosystem composed of large and small companies, industry associations, incubators and investment networks
11 IQ Assets: Education & Engagement Reach OMSI 1M annual reach PCC 85,295 student body PSU 28,241 student body OHSU 3,342 student body Total employment = 20,000+ Transit & Infrastructure Transit Connectivity tram, light rail, street car, Tillikum Crossing South Waterfront/Eastbank Esplanade SWF Street Grid Bike Paths Greenspace & parks Startups and Maker Space Portland State Business Accelerator 30+ resident companies (software, bio, energy) PCC Small Business Development Center OTRADI proof-of-concept bioscience laboratories Oregon Bio-Science Accelerator 15 life science and digital health companies in residence (30 company waiting list) Oregon Bio-Science Association Cambia Direct Health Solutions ADX maker space, learning center and custom fab The Redd artisan, local food coworking space Forge Portland social enterprise coworking space
12 IQ investments coming on-line Knight Cancer Institute Health and Healing II PSU-OSHU School of Public Health Zidell Block 6 PCC Health Professions (exploratory) Ambulatory Hospital Parking + Housing IQ development sites Shnitzer campus 26 acres OMSI property 9 acres Zidell 30 acres PSU/University Place 4 acres ODOT Lots
13 What Big Ideas might animate the IQ? Understand the megatrends (aging population, AI, robotics, quantified self, IoT, climate change) Be clear-eyed about assets and opportunities Set shared, audacious goals Enlist and incentive the ecosystem Align interests and build partnerships
14 BIG IDEAS Urban Health in the Digital Age Focus on health of urban population through monitoring of air, water, fitness, nutrition and other leading health indicators Develop and adopt widespread use of wearables and sensors Position Portland as leader in personalized medicine and quantified self Link health with big data and smart city capabilities
15 BIG IDEAS The Future of Making Things Factory of the Future (vehicles, devices, sensors, materials) Internet of Things (IoT), robotics and artificial intelligence A living laboratory to see, touch, design and build health, science, and technology products STEM High School located in the IQ Interconnected maker spaces
16 You are here IQ MOU signed by Presidents of OHSU, PSU, PCC and OMSI IQ Workgroup formed Phase II Workgroup formed; Scope of Work produced Stakeholder Outreach and testing ideas Develop IQ proposal, seek partners, develop fundraising strategy Jan August 2015 Jan-Feb May 2016 July 2016 July 2014 March 2015 Sept.-Dec March-April 2016 June 2016 First meeting of IQ Coordinating Council Workgroup presents to Coordinating Council; Presidents commit to Phase II Working Group Background research and materials prep Workgroup presents results of outreach to Coordinating Council IQ Phase III framework/recommen dations Timeline and Process
17 For more information please contact: Erin Flynn Associate Vice President for Strategic Partnerships Portland State University
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