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Statewide Competitive Projects

GO Virginia Funding Streams. Regional Per Capita Projects Provides project funding for projects recommended by each regional council and approved by the State Board Funding is allocated to the regions proportionally to their populations, with a floor of $1M. Regional Capacity Building

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Statewide Competitive Projects

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  1. GO Virginia Funding Streams Regional Per Capita Projects Provides project funding for projects recommended by each regional council and approved by the State Board Funding is allocated to the regions proportionally to their populations, with a floor of $1M Regional Capacity Building Provides funding for program support and planning efforts related to capacity building and Growth & Diversification Plan updates Statewide Competitive Projects Provides project funding for interregional collaborations recommended by one of more regional council Funding is awarded on a competitive basis by the State Board Funding Streams

  2. ECB approvals

  3. Administratively approved projects under $100,000 3 PROJECTS APPROVED

  4. Enhanced Capacity Building • 3 proposal administratively approved • 3 out of 9 regions participated • Total Request: $211,087 • Total Match: $216,177

  5. Enhanced Capacity Building • Region 1: SWVA HubLink • $27,547 to Southwest Virginia Technology Council • Region 4: Campus RVA • $100,000 to Southeastern Institute of Reasearch (SIR) and Chamber RVA • Region 9: CvilleBioHub: Driving Region 9’s Biotech Growth and Sustainability • $83,540 to CvilleBioHub

  6. SWVA HubLink Region 1Enhanced Capacity Building

  7. Application overview • Region 1 submitted on behalf of the Southwest Virginia Technology Council • Request of $27,547 for contract services to evaluate platforms to connect technology employers to qualified talent • To explore and evaluate online platforms to connect technology employers to qualified talent and provide a common information portal with the region’s resources, thereby strengthening the pipeline to existing technology programs. SWVA hublink

  8. Recommendation • DHCD staff has administratively approved this application. SWVA Hublink

  9. Campus RVA Region 4Enhanced Capacity Building

  10. Application overview • Region 4 submitted on behalf of the Southeastern Institute of Reasearch (SIR) and Chamber RVA • Request of $100,000 to develop a plan, including a financial and operational model for the organization, a governance structure for the organization and their partners, and an outline of the technological infrastructure necessary to launch the on-line marketplace • To develop the CampusRVA initiative, which will serve as a marketplace, both on-line and off-line, for internships and job openings, to facilitate the matching of employers with potential employees. Campus RVA

  11. Recommendation • DHCD staff has administratively approved this application. Campus RVA

  12. CvilleBioHub Region 9Enhanced Capacity Building

  13. Application overview • Region 9submitted on behalf of the Central Virginia Partnership • Request of $83,540 for an assessment of current and future projected growth in the biotechnology sector and development of a strategic plan • To develop and promote a sustainable biotech ecosystem by developing a long term strategic plan to increase biotech companies in the region, attracting top talent, and engaging with economic developers and educators to raise awareness of biotech opportunities. CvilleBioHub

  14. Recommendation • DHCD staff has administratively approved this application. CvilleBioHub

  15. PER CAPITA APPS

  16. Per Capita Funding • 3 proposals submitted • 3 out of 9 regions participated • 2 Talent Development • 1 Commercialization • Total Request: $2,540,000 • Total Match: $2,828,563 • Includes $596,563 local dollars

  17. Talent development 2 APPLICATIONS RECEIVED

  18. Tech Talent Pipeline Apprenticeship Initiative Region 7IMPLEMENTATION

  19. Application overview • Region 7 submitted on behalf of Northern Virginia Community College (NOVA) • Request of $1,000,000 for salaries, outreach, and the development and implementation of the apprenticeship models • This pilot program will develop and implement a new apprenticeship program, matching 400 apprentices to employers as an alternative career pathway to traditional two or four-year degrees. Tech Talent Apprenticeships

  20. Workgroup feedback • Addresses an identified gap in the initial Tech Talent Pipeline Initiative funded through GO Virginia • Strong out-of-state revenue potential • Significant private industry support and investment • Replicates successful models from Apprenti and the Amazon Web Services Apprenticeship Program Tech Talent Apprenticeships

  21. Recommendation • DHCD staff recommend this application for approval. Tech Talent Apprenticeships

  22. Shihadeh Innovation Center for Career and Technical Education Region 8IMPLEMENTATION

  23. Application overview • Region 8 submitted on behalf of Winchester Public Schools • Request of $540,000 for HVAC and electrical upgrades in the Professional Skills Academy • Renovate the former John Kerr Elementary School into an advanced facility for career and technical training programs through Winchester Public Schools, in partnership with Lord Fairfax Community College (LFCC) Shihadeh Innovation Center

  24. Workgroup feedback • Alignment with GOVA mission of higher-wage job creation in targeted traded-sectors will need further development • Most relevant outcomes will be produced in later phases of construction • Strong local and private support for the project • Construction trade credentials highly valued by targeted manufacturing clusters • Work-based learning should be priority for CTE programs Shihadeh Innovation Center

  25. Recommendation • DHCD staff recommend that the applicant reapply in the next round of per capita funding, or that the application is approved contingent upon demonstrating how the funding for the Innovation Center will expand the existing Work-Based Learning program to prioritize internships at employers in the traded sectors targeted in the Growth and Diversification Plan. If approved with contingencies, staff would recommend requiring those contingencies be resolved prior to the October 9, 2018 Board meeting. Shihadeh Innovation Center

  26. Commercialization 1 APPLICATION RECEIVED

  27. Lighthouse U Region 4IMPLEMENTATION

  28. Application overview • Region 4 submitted on behalf of Lighthouse Labs and the da Vinci Center at VCU • Request of $1,000,000 for salaries, travel, and program events • To establish Lighthouse U, which features a series of events and training opportunities to prepare students to launch their own businesses after graduation. As part of the collaboration, Lighthouse Labs will introduce a new summer cohort program for recent graduates of Virginia universities that participated in Lighthouse U to become entrepreneurs. LightHouse U

  29. Workgroup feedback • Retaining young entrepreneurs exiting Virginia’s universities is important • GOVA funds will not be used as seed funding • Strong support from locality and higher education partners and entrepreneurship community • Longer-term financial and operational commitments should be secured from VCU and partners LightHouse U

  30. Recommendation • DHCD staff recommend this application for approval as a pilot initiative that should lead to a replicable model for other universities and accelerators. LightHouse U

  31. Competitive APPS

  32. Per Capita Funding • 1 proposal for joint site development • Total Request: $2,217,500 • Total Match: $3,262,175 • Includes $915,139 local dollars

  33. Mid-Atlantic Advanced Manufacturing Center (MaMaC) Mega-Site Region 4IMPLEMENTATION

  34. Application overview • Region 4 submitted on behalf of MAMAC Regional Industrial Facilities Authority (MAMAC RIFA) • Request of $2,217,500 to complete engineering plans to upgrade the Greensville County Water and Sewer Authority’s Water Treatment Plant, to construct the gravity fed sewer system to the site, and to construct the wetlands mitigation bank • Advance a 1,600 acre Mega-Site in Greensville County to Tier 4 on the VEDP Business Ready Site Characterization Scale in order to attract a major prospect to the site Mamac

  35. Workgroup feedback • Significant opportunity for the Commonwealth as one of the only Tier 4 Mega-Sites after construction • Strong local participation and local support • Clear ROI within three years of landing prospect • Substantial site readiness work completed to date • Plans for Wetlands Mitigation bank submitted to Army Corps of Engineers for approval MAMAC

  36. Recommendation • DHCD staff recommend this application for approval. MAMAC

  37. Regional Capacity Budgets

  38. Regional Capacity Budgets

  39. TECONOMY UPDATE

  40. Kick-Off Briefing: Catalyzing the Development of Entrepreneurial Ecosystems in the GO Virginia Regions

  41. Background on TEConomy Partners, LLC. • Update on Virginia Research Investment Committee’s ongoing regional innovation ecosystem assessments • Broader GO Virginia regional entrepreneurial assessment and strategic action planning effort • Looking Forward – Project Timeline and Discussion Today’s Agenda

  42. The evolution of the Battelle Technology Partnership Practice (TPP) into TEConomy Partners, LLC. • Transitioned into independent organization in December 2015 • Same team, same experience – new brand and expanded services About TEConomy Partners, LLC. • We are a consultancy and think/do-tank in: • Innovation-led development • Strategic planning • Technology roadmaps • Economic analytics • Public policy in science and technology • Typically serve complex client groups involving industry, universities, government and other economic development stakeholders

  43. LaunchTN Future Directions (ongoing) • Connecticut Innovation/Entrepreneurial Ecosystem Roadmap for Re-Envisioning CTNext • Michigan 21st Century Jobs Trust Fund’s Entrepreneurship and Innovation Program Evaluation • USTAR Venture Development Program Assessment • Ohio Third Frontier Ongoing Performance and Impact Assessment (including Entrepreneurial Service Providers and Pre-Seed/Seed Funds) • Arkansas’ Knowledge Economy Initiatives: Analysis of Progress and Recommendations for the Future • Iowa Entrepreneurial Ecosystem Assessment and Strategic Action Plan • Updated Innovation Strategy for Pennsylvania’s Ben Franklin Technology Partners • Strategic Action Plan for Greater Oakland Keystone Innovation Zone in Pittsburgh for programs, roles and functions across technology-based intermediaries Wide Range of Past Experiences in Entrepreneurial Development Projects by TEConomy Project Team

  44. Deborah Cummings, Project Director • Principal and Senior Director at TEConomy • Helped conceive Ohio Third Frontier while at Battelle and then hired to lead its implementation as Assistant Director for Technology at Ohio Department of Development • Project director for recent CTNext and Michigan entrepreneurial development projects • Mitch Horowitz, Project Manager • Principal and Managing Director of TEConomy • Served as Maryland’s Technology Advisor • Led many of Battelle’s entrepreneurial and innovation development projects • Worked as a Senior Executive for fast growing health informatics company and mezzanine finance company • Jennifer Ozawa, Regional Strategic Planning Lead • Innovation Director at TEConomy • Previously at SRI Center for Innovation Strategy and Policy • Entrepreneurial projects with Utah, Nebraska and Tennessee • Ryan Helwig, Regional Strategic Planning Lead • Principal at TEConomy • Entrepreneurial and innovation projects in Connecticut, Michigan, and Arkansas • Joe Simkins, Technical Lead • Has served as Technical Lead for projects with SCHEV, GRA, Arkansas, Huntsville and Pittsburgh Key Members of TEConomy’s Project Team

  45. Legislative Charge for VRIC: Develop a cohesive and comprehensive framework through which to encourage collaboration between the Commonwealth’s institutions of higher education, private sector industries and economic development entities in order to focus on the complete life cycle of research, development and commercialization. TEConomy Assisting the Virginia Research Investment Committee:Developed Strategic Directions Assessment and Now Working on an Implementation Plan In January 2018, VRIC approved an in-depth assessment and strategic directions report commissioned by SCHEV on behalf of VRIC and prepared by TEConomy. It identified significant opportunities and challenges for Virginia in innovation-led development and broad guidance on potential action steps that is now being considered by an Implementation Advisory Team to offer a more integrated approach. • Produce more successful start-ups based on commercialization from research institutions • Increase the engagement of industry in innovation-led development with research institutions • Elevate and create R&D excellence that can catalyze industry collaboration and innovation-led development • Foster robust innovation ecosystem in regions with research universities across the state • Incentivize collaboration and alignment with complementary efforts (i.e. coordinate with GO VA on regional innovation ecosystems) VRIC Implementation Goals

  46. VRIC Findings on Entrepreneurship Trends: VA and U.S. • Virginia diverging in net job creation of startup and young firms compared to the U.S. in traded sector industries that drive economic growth industries • Virginia falling off pace of rising U.S. in venture capital investment levels

  47. Preparing regional entrepreneurial development trendline indicators • Conducting situational assessment of innovation ecosystems around research universities – Northern Virginia, Hampton Roads, Charlottesville, Richmond and Blacksburg/Roanoke • Developing approaches to strengthening regional innovation ecosystems, addressing: • Level of activities taking place including stakeholder engagement, financial support, and participation • Need for proof-of-concept funding across research universities in Virginia • Quality and breadth of value-added entrepreneurial services • Availability of risk capital • Determining the necessity and approach for more integrated and value-added statewide efforts for supporting the pathway from university invention to licensing, such as addressing commercialization, new venture development, and industry partnership services for research universities Ongoing VRIC Implementation Efforts to Advance Regional Innovation Systems that this Effort Can Leverage

  48. GO Virginia also recognizes that Virginia lags in the development of innovative small- and medium-sized companies But raising the state requires each region to address their specific needs: • Recognize entrepreneurial development is a very localized phenomenon • Enable regions to have access to key tools, but tailor to needs of specific regions and allow local stakeholders to have key role in governance and oversight GO Virginia’s effort will be leveraging the ongoing work of VRIC in its implementation planning to expand the analysis of entrepreneurial ecosystems across all GO Virginia Regions Will leverage and expand upon: • the inventory being developed • the stakeholder interviews • the data analysis • the best practices being identified • the need for statewide approaches to supporting regional entpreneurial ecosystems GO Virginia Project: Addressing Challenge of Entrepreneurial Development across Regions

  49. GO Virginia’s project will result in the following deliverables: • Develop a common template of data, inventory and stakeholder perspectives to help GO Virginia regions develop their own strategic directions • Offer best practice lessons and benchmarking to national peers • Have each GO Virginia region prioritize key investments/activities to catalyze the development of a robust innovation ecosystem • Consider statewide approaches to address common needs and gaps Key Deliverables for GO Virginia Efforts to Catalyze the Development of Entrepreneurial Ecosystems in the GO Virginia Regions

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