Phoenix Convention Center Phoenix, Arizona Regional Innovation Clusters Track 10: InnovationRegional Innovation in Arizona Michelle De Blasi Gammage and Burnham August 12, 2015

Energy Exchange : Federal Sustainability for the Next Decade What is a Regional Innovation Cluster? Regional Innovation Cluster = geographically concentrated companies, suppliers, and support entities in a particular industry that develop due to mutual benefits and synergies Renewed interest due to: – Mirrors real-world business interaction – Stronger approach to economic development – Involvement of private and public sectors – More focused policymaking 2

Energy Exchange : Federal Sustainability for the Next Decade Why develop Regional Innovation Clusters? Regional clusters serve as targeted incubator to accelerate regional economic growth – Provide certainty in policymaking – Encourage investment in start-ups – Drive educational/workforce development – Enhance job growth 3

Energy Exchange : Federal Sustainability for the Next Decade Importance of Public Sector Participation Formation of clusters should be led by private industry, however…the public sector is necessary to provide: – Incentive programs (R&D tax credits, grants, small business financing) – Workforce training – Supportive policies – Access to key data 4

Energy Exchange : Federal Sustainability for the Next Decade Cooperation Is Critical All sectors must be committed and coordinated: – Private industry – Federal, state and local governments – Economic development organizations – Public demand 5

Energy Exchange : Federal Sustainability for the Next Decade Examples of Regional Innovation Clusters 6

Energy Exchange : Federal Sustainability for the Next Decade Examples of Federal Involvement in Innovation Clusters 7 Source:

Energy Exchange : Federal Sustainability for the Next Decade 8 Source: Examples of Federal Involvement in Innovation Clusters

Energy Exchange : Federal Sustainability for the Next Decade Economic Development Administration’s i6 Program: Includes $10 MM to support two grant opportunities – i6 Challenge: national competition based on the most impactful national models for startup creation, innovation, and commercialization – Seed Fund Support: grants provide funding for technical assistance to support feasibility, planning, formation, or launch of cluster-based seed capital funds that are offered to innovation-based, growth- oriented start-up companies in exchange for equity 9 Examples of Federal Involvement in Innovation Clusters

Energy Exchange : Federal Sustainability for the Next Decade 24 Incubator and Accelerator Programs – Includes BioAccel (recipient of i6 Challenge Grant) Aerospace and Defense – Southern AZ A&D Cluster: recipient of Federal Jobs Accelerator Advanced Manufacturing Incentives Bioscience Technology & Innovation 10 Examples of Arizona Regional Innovation Clusters

Energy Exchange : Federal Sustainability for the Next Decade City of Phoenix – John Trujillo, City of Phoenix Public Works Arizona State University – Teresa Wu, PhD Science Foundation Arizona – Ken Quartermain, Director of AZ STEM Network 11 Specific Players in Arizona’s Regional Cluster Development

Energy Exchange : Federal Sustainability for the Next Decade QUESTIONS? Contact Information: Michelle De Blasi, Esq. Gammage and Burnham 12