Innovation Districts – places of making Jacyl Shaw Director of Engagement Carlton Connect Initiative University of Melbourne

If we open up a quarrel with the past, we will find that we have lost the future …. Winston Churchill

Innovation is fresh thinking that captures value *The Economist Innovation Districts are places that enable fresh thinking

Innovation Districts are “this century’s productive geography” *The Brookings Institution

Global Complex Challenges War for Talent Mobility of Market Urbanisation Accessibility Global Complex Challenges War for Talent Mobility of Market Digital and market disruptions Knowledge Economy =new jobs & ways of thinking % use inspired research (mis)alignment of Industry & graduate attributes? Problems are multi-faceted, interdisciplinary % industry university links Relevance Impact

“It was the best of times, it was the worst of times, it was the age of wisdom, it was the age of foolishness…it was the season of Light, it was the season of Darkness, it was the spring of hope…” Charles Dickens- A Tale of 2 Cities

Main characteristics of innovation districts Visibility Diversity Continuity Sociability Proximity Mobility Flexibility Unity

1: Understand your natural assets/competitive advantage Melbourne CBD Parkville Biomedical Precinct University of Melbourne Carlton Connect Initiative STEM Innovation Precinct

In ecology where 2 ecosystems meet, such as the forest and the savannah, the point of intersection is the site of the “edge effect”. In that transition zone, because of the influence the 2 ecological communities have on each other, you find the greatest diversity of life, as well as the greatest numbers of new life forms. Yo – Yo Ma

2: Never walk alone- partnerships/ ecosystem approach Slide 5: 1+1=3 Segue: With the open platform model, we also have two main characteristics.   1. A central place: co-location is the key concept; small start ups next to big businesses, research teams and artists. 2. And the collaborative impact we create through partnerships. Partnerships happen with people outside our walls as well as on site. With these two things we are amplifying and leveraging the value of a central place to co-locate by building a platform for people to collaborate at the same time. This collaboration needs to be both formal and informal. And that’s where the whole innovation concept comes to life. We turn a building with tenants into a much stronger value proposition for the University, and for Melbourne and for Australia. Put simply: our goal is to build Australia’s premier innovation precinct. Within ten years, Australia will be on the global stage of innovation and deep industry impact. Some things are easier to experience than they are to describe but we are already seeing the seeds of success sprouting and the feedback from initiatives is exciting. presentation

6 core types of strategically curated “partners in residence” /tenants: University: Phd College, Student interns Govt: All levels & international Big Business: IBM, Australia Post SMEs/Start ups: Melb Accelerator & spin outs Community: Events, Volunteers Creatives Artists Studio, Gallery

2: Never walk alone- partnerships/ ecosystem

3: Create Dynamic Places- Proximity is key

4: Think network/club approach Berkeley Global Venture Lab Network IBM R&D lab network EU Centre network Science Gallery network

Scale and impact? network the networks

5: Know your economic impact In times of economic turbulence, innovation remains the most important differentiator separating economic winners from also-rans. *McKinsey & Company

6: Be hyperlocale to be relevant

Whenever and wherever societies have flourished and prospered rather than stagnated and decayed, creative and workable cities have been at the core of the phenomenon. Jane Jacobs