An Innovation District for Dublin KTI Conference 2018 27 th September 2018 Dr. Diarmuid O Brien Chief Innovation & Enterprise Officer, Trinity College Dublin
Time of Transformation Political Brexit, US Policy, EU alliances. Social the talent of today (millennials) want to work and live in close proximity in cities beside cultural centres, transport networks, shops and social environments. Universities acting as not just catalysts but active actors in achieving economic and social impact. Enterprise innovation hungry, collaborating more with increased dependence on talent and disruptive thinking. Relocating into cities. Innovation leading universities establishing innovation campuses; leading cities establishing innovation districts and leading companies positioning innovation as a key differentiator. Innovation is now driven by proximity, density and collaboration.
Innovation District Dublin High density of business Shared research facilities World class universities Public networking + open infrastructure Incubators + accelerators
Kendall Square Boston The Opportunity Innovation in the 21st century is different. Today, innovation is accessed differently. It comes to life in environments where ideas have the proximity, resources and cultural encouragement to connect.
Ireland Innovation Economy Between 2003 and 2014 for firms > 10 staff R&D Active Firms Sales increased by 155% Exports increased by 181% Employment increased by 14% Value add increased by 134% Average annual salary of 72,500 Non R&D Firms Sales decreased by 39% Exports decreased by 42% Employment declined by 40% Value add declined by 44% Average annual salary of 47,121 DJEI Report 2016. Economic and Enterprise Impacts from Public Research in R&D.
Innovation District Dublin Innovation District Dublin
Campus Characteristics The campus will bring together four key ingredients that combined will facilitate the establishment of an innovation district that will be transformational for Dublin and Ireland. 1. World Class Research 2. Enterprise 3. Programming and Public Space 4. Cultural Connector
Success... The City & Community Success is a nothing less than a redefined sense of what Ireland can achieve. 1BN 1,500 5,000 TOP 20 University Sector International Innovation brand for Dublin New Urban Quarter Regeneration project for Pearse Street Construction jobs during development on-going jobs post development Dublin ranked in innovation cities by 2030 X2 20% 200 1,500 50% TOP 50 Doubling of industry funding Growth in graduates in the first 10 years New faculty members in first 10 years Additional Graduates Increase in university research income Trinity ranked in global university rankings Industry 500 100 300M 800 25,000 500 Additional start-up companies Additional FDI companies landing in Ireland Enhanced venture investment Innovation focused seminars, panels, per annum Attendees per annum International delegation visits
Proof of Innovation... the World Over Universities globally are now delivering on an innovation mission and partnering with industry to lead the innovation cycle.
The Opportunity HEI Collaboration 01 02 03 Single Innovation Story. Different HEI assets integrated for a single story for Ireland. Single Innovation Ecosystem. Companies, funders and investors already work across the ecosystem. Single Innovation Opportunity. Partner for scale; align for efficiency and compete for excellence.
The Opportunity HEI Collaboration
Dublin Ecosystem Dublin is home to the most entrepreneurs, creators, innovators, students and big ideas in the country. 67% of all product innovation 75% of all venture investment 72% of all funded companies
Socio-Economic Profile of GCID Area Level of education achieved by those working in area highlights exceptionally strong knowledge intensive skill base of this small geographic area.
Irish Proof Point This is our opportunity to take the best of the past into the future.
Work Programme Strands Financial Model Business Plan Property Economic Cost Benefit Analysis Innovation District Partnerships Masterplan Governance Early Site Activation
We have a unique, generational opportunity. We have to take it.