University-based engine will rev economy

University-based engine will rev economy

There are 5 comments on the The Indianapolis Star story from Oct 28, 2007, titled University-based engine will rev economy. In it, The Indianapolis Star reports that:

Across the United States, university-sponsored technology parks are cornerstones of economic advancement.

Join the discussion below, or Read more at The Indianapolis Star.

Jay

United States

#1 Oct 28, 2007
Bull.

People inside academia know little about business, that's why they're in academia.

The taxpayers who fund this stuff see whatever beneficial developments bcome privatized into the pockets of the well-connected.

IUPUI has been in town for decades and not much comes out of there. Few college seniors have IUPUI at the top of their choices for college. YOu can't even PARK at IUPUI any more.
Thats good but

United States

#2 Oct 28, 2007
But you still have to build and sell products to make money. All these other industries are fine but research doesn't hold the economic impact that manufacturing and sales does. Research puts the product on the table but then it must be built and sold. All we are doing is researching what will now be built elsewhere. We are chasing the fringe dollars and losing the the main pay out.
I guess well learn soon enough when these other countries who manufacture for us also start their own research with the the students we educate for them.
Bud Labitan

Lombard, IL

#3 Oct 28, 2007
If Indiana is truly serious about Global Competition using a war mentality, then we run all our Innovation Accelerators and Business Incubators linked on a supercomputer network at full steam 24 hours a day for every day of the year just like our old steel mills in Gary, Indiana.

Working together, IU, Purdue, and the regional campuses can transform the competitiveness and culture of Indiana. One of the reasons my approach to "High-Energy" Indiana Innovation accelerators puts more emphasis on the pre-incubation stage is: "Indiana Business incubators may be providing subsidized rent and services to too many firms destined for failure." I cannot prove this assumption, but the idea of several Indiana cities and town building business incubators seems like acts of desperation or political pork.

Share these ideas of an enhanced High-Energy Innovation Accelerator that shares some concepts from the Particle Accelerators of Physics. In this case the higher energy is stimulating energetic human participation rather than electrons or protons. Think of this idea as a Pre-Incubator Laboratory... an unconventional innovation center that combines and synergizes the best aspects of a conference room,
computer/internet cafe, and the theatrics of a community theatre. The idea is to pool these concepts together into a room that is highly-conducive to early stage brainstroming on the topics of technology and jobs for Indiana.( http://www.frips.com/ia.ppt ) might take Indiana's competitiveness to a new level of 24/7/365 days per year.

It is something that I have shared with the leadership of IU and Purdue.
My idea is to involve the local citizens as brainstorming participants. Such a new kind of Innovation Accelerator would help funnel better business models into Indiana's Business Incubators. And, it would provide mini "experiential learning" lessons from Purdue, in service and product design to the local community.

Since so many ideas generated by brainstorming will be "duds," it is vitally important to give something positive back to community participants. That way, participants feel good about the "pseudo-amusement ride/mini-lecture experience." Thus the idea of also providing mini-lessons or "experiential learning" lessons in service and product design came to mind. Upon exit, each participant must feel that they received value like a concert goer, like folks who exit a roller-coaster ride at Disneyworld, or like a participant at a mini-seminar at Harvard. The User-Experience must be carefully planned and crafted.

Second, I looked at the Physics approach to Particle Accelerators. They add higher levels of energy pulses at higher frequency rates. The big challenge is how to generate greater levels of emotional energy for public participation. The key may be found in the Arts and the theatrics of Science Fiction.

Interestingly, Scott Jones of IU and www.chacha.com and his idea of Human-Assisted internet search, may add a potentially viable business model on top of this accelerator model. The Human-assisted internet search advocated by Scott Jones of ChaCha,( http://www.chacha.com/ ), and now backed by a partnership with IU is a unique opportunity for Indiana to benefit from increasing Indiana jobs.

The plan also addresses the issue of public utility. Since so many ideas generated by brainstorming will be "duds," it is important to give something positive back to community participants. That way, participants feel good about the "ride/mini-lecture experience." This idea of also providing mini-lessons or "experiential learning" lessons in service and product design can be a way for VU, Purdue, IU, and ND to showcase talent and prepare the next generation for an even more innovative Indiana culture.

Bud Labitan
http://www.frips.com/ia.ppt
Susan

West Lafayette, IN

#4 Nov 1, 2007
Jay wrote:
Bull.
People inside academia know little about business, that's why they're in academia.
The taxpayers who fund this stuff see whatever beneficial developments bcome privatized into the pockets of the well-connected.
IUPUI has been in town for decades and not much comes out of there. Few college seniors have IUPUI at the top of their choices for college. YOu can't even PARK at IUPUI any more.
Your comments underscore how little that many in the general public understand higher education. Purdue is a top-tier research institution. Many researchers spend their careers on projects that have the potential to create commercializable impacts. The Purdue Research Park has been incredibly successful at fostering the growth of NEW companies that CREATE economic development in the state.

IUPUI is a different type of institution that, traditionally, serves the purpose of education citizens of Indianpolis. One cannot possibly compare IUPUI to Purdue or IU or any R1 school because they do not have identical missions. Quite simply, colleges and universities are not equal because they were NEVER designed with the exact same purposes in mind.

As far as your contention that people in academia know nothing about business, your comment is a slap in the face to Bill Cook. That gentleman happens to be the second richest man in the state and one of the richest in the world. He made his money from businesses connected with university-sponsored research.
Bud Labitan

Chicago, IL

#5 Oct 5, 2010
I posted a short 9 min video on YouTube about the concept of a new kind of innovation accelerator for the regional campuses and communities of Purdue and IU.



If you like the idea, pass along the link.

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