Best practices in science and technology-based economic development policy : U.S. and global - Page 15 |
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A- 2 • In 1995, the state created the Information Technology Policy Council ( ITPC) to focus more on the development of information technology and its utilization. • The Economic Development Institute ( EDI) is another major player in economic development, technology transfer, and enterprise development. EDI, headquartered at Georgia Tech, has 13 regional offices as of 1996 and is still expanding. • Lastly, the Georgia Research Alliance is a nonprofit organization representing a three- sector partnership of state government, the business community, and research universities. The organization’s mission is to foster well- developed university- industry partnerships that leverage research capability to enhance the economic development of the state. Strategies As Figure 1 illustrates, Georgia has focused on three major strategies in developing its science and technology policy: supporting high- tech startup companies, facilitating university- industry partnerships, and exploiting information technology. Supporting High- Tech Startup Companies EDI has developed and implemented various technology development programs, notably the Advanced Technology Development Center ( ATDC). ATDC is seen as the most important organization in Georgia in science and technology policy. Created in 1980 as a branch of EDI, ATDC has played an important role as a catalyst for high- tech startup development and university- industry partnerships. The center provides technical and management services through three types of programs targeted to high- tech startup companies: • Support Services: ATDC provides assistance with strategic planning, financing, and marketing to high- tech startup companies accepted into the program. Once accepted, each company is assigned an ATDC business management consultant to advise and monitor the company’s performance. • Corporate Partnering Program: ATDC helps to identify potential corporate partnerships between small and larger companies. Smaller companies can learn and benefit from larger ones, and large companies are often more efficient and successful when they can rely on small companies to develop new technology products and services. Since its establishment in 1993, this program has matched many startups with medium- sized existing companies to create successful partnerships. • Faculty Research Commercialization Program: ATDC provides financial and business development support to help faculty commercialize new technological innovations in laboratories. The goal of the program is encourage academic researchers who are developing a new technology to establish a new company. In 1994, the program spent $ 197,000 and supported five projects. Facilitating University- Industry Partnerships The partnership orientation of Georgia’s science and technology policy is well reflected in the Georgia Research Alliance. Founded in 1990 by the business community, the Alliance has facilitated a partnership among research universities, business leaders, and state government. The goals of the
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Title | Best practices in science and technology-based economic development policy : U.S. and global - Page 15 |
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Full Text | A- 2 • In 1995, the state created the Information Technology Policy Council ( ITPC) to focus more on the development of information technology and its utilization. • The Economic Development Institute ( EDI) is another major player in economic development, technology transfer, and enterprise development. EDI, headquartered at Georgia Tech, has 13 regional offices as of 1996 and is still expanding. • Lastly, the Georgia Research Alliance is a nonprofit organization representing a three- sector partnership of state government, the business community, and research universities. The organization’s mission is to foster well- developed university- industry partnerships that leverage research capability to enhance the economic development of the state. Strategies As Figure 1 illustrates, Georgia has focused on three major strategies in developing its science and technology policy: supporting high- tech startup companies, facilitating university- industry partnerships, and exploiting information technology. Supporting High- Tech Startup Companies EDI has developed and implemented various technology development programs, notably the Advanced Technology Development Center ( ATDC). ATDC is seen as the most important organization in Georgia in science and technology policy. Created in 1980 as a branch of EDI, ATDC has played an important role as a catalyst for high- tech startup development and university- industry partnerships. The center provides technical and management services through three types of programs targeted to high- tech startup companies: • Support Services: ATDC provides assistance with strategic planning, financing, and marketing to high- tech startup companies accepted into the program. Once accepted, each company is assigned an ATDC business management consultant to advise and monitor the company’s performance. • Corporate Partnering Program: ATDC helps to identify potential corporate partnerships between small and larger companies. Smaller companies can learn and benefit from larger ones, and large companies are often more efficient and successful when they can rely on small companies to develop new technology products and services. Since its establishment in 1993, this program has matched many startups with medium- sized existing companies to create successful partnerships. • Faculty Research Commercialization Program: ATDC provides financial and business development support to help faculty commercialize new technological innovations in laboratories. The goal of the program is encourage academic researchers who are developing a new technology to establish a new company. In 1994, the program spent $ 197,000 and supported five projects. Facilitating University- Industry Partnerships The partnership orientation of Georgia’s science and technology policy is well reflected in the Georgia Research Alliance. Founded in 1990 by the business community, the Alliance has facilitated a partnership among research universities, business leaders, and state government. The goals of the |