A Look At Two Innovation Ecosystems: Austin | Nashville by bzorch

DATASCAPE

A Look at Two Innovation Ecosystems AUSTIN | NASHVILLE

May 2019

Nashville Innovation Project www.nashvilleinnovationproject.com

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TABLE OF CONTENTS

OVERVIEW TALENT CAPITAL NETWORK PHYSICAL INFRASTRUCTURE ENABLING ENVIRONMENT

Cities are economic engines of growth and prosperity. They have been the source of most innovation. Cities are places where people come together to efficiently use resources, trade goods, and share ideas. This efficiency results in a phenomenon of superlinear growth. Research has demonstrated the economic growth increases by 10%-20%

with the doubling of the population and requires 10%-20% less infrastructure per capita. This growth is attributed to the increase in network density and the reduced

distance between individuals. As the city prospers, its social networks grow exponentially and increase the flow of knowledge across the network. Nashville Innovation Project

The degree of overlap between clusters within the ecosystem and quality of the bridges between them have a considerable influence on the innovation capacity of the city. Nashville Innovation Project

OVERVIEW

POPULATION GROWTH: 2007-2017 Source: U.S. Census Bureau, 2017 AUSTIN

33%

NASHVILLE

25%

POPULATION CHANGE: 2016-2017 Source: U.S. Census Bureau, 2017

55,096

AUSTIN NASHVILLE

34,185 Natural Migration Net Migration

GROSS DOMESTIC PRODUCT INCREASE IN % GROWTH Source: Bureau of Economic Analysis, 2016

57%

AUSTIN NASHVILLE

33% $0

$10B

$20B

$30B

$40B

$50B

A Look at Two Innovation Ecosystems : AUSTIN | NASHVILLE

TOTAL UTILITY PATENTS: 2016-2018 Source: U.S. Patent Office 2018

3,560 (3.74)

242 (0.35)

2017

3,680 (3.87)

223 (0.32)

2016

3,508 (3.69)

236 (0.34)

2017

3,211 (3.37)

161 (0.23) Austin

Nashville

(X) PER 1,000 POPULATION

BEST PERFORMING CITIES (2018) Source: Milken Institute

RANKED

AUSTIN-ROUND ROCK, TX

Job Growth (2012-17)__________________________________ 4th Job Growth (2016-17)_________________________________ 13th Wage Growth (2011-16)________________________________ 5th Wage Growth (2015-2016)_____________________________ 12th Short-Term Job Growth (8/2017-8/2018)________________ 24th High-Tech GDP Growth (2012-2017)____________________ 14th High-Tech GDP Growth (2016-2017)____________________ 40th High-Tech Concentration (2017)________________________ 11th Number of High Tech Industries (LQ>1) (2017)___________ 29th

A Look at Two Innovation Ecosystems : AUSTIN | NASHVILLE

25 RANKED

NASHVILLE-DAVIDSONMURFREESBORO-FRANKLIN, TN

Job Growth (2012-17)_________________________________ 12th Job Growth (2016-17)_________________________________ 11th Wage Growth (2011-16)________________________________ 9th Wage Growth (2015-2016)_____________________________ 46th Short-Term Job Growth (8/2017-8/2018)_______________ 120th High-Tech GDP Growth (2012-2017)____________________ 20th High-Tech GDP Growth (2016-2017)____________________ 70th High-Tech Concentration (2017)_______________________ 132rd Number of High Tech Industries (LQ>1) (2017)___________ 73rd

INNOVATION ECOSYSTEM A healthy innovation ecosystem is the regional advantage. It includes the five components. They are Enabling Environment, Physical Infrastructure, Networks, Capital, and Talent. Together they serve as a platform to empower human capital to commercialize innovation. The following datascape is organized using each of these building blocks.

TALENT NETWORK

The model is based on the World Bank’s innovation framework.

CAPITAL PHYSICAL INFRASTRUCTURE ENABLING ENVIRONMENT

TALENT

Talent is comprised of the individuals within which all the skills and knowledge are stored. • Tacit knowledge & skills • Education

NETWORK

CAPITAL

Access to financial capital is essential to bringing innovations to market. • Research, unsecured loans, proof of concept funding, & challenges • Seed capital • Early stage funding • Late stage funding

The network is the invisible web of social ties between individuals, companies, and institutions. It is the conduit through which knowledge and know-how flow through the ecosystem. • Informal & formal networks • Strong & Weak ties

A Look at Two Innovation Ecosystems : AUSTIN | NASHVILLE

MECHANICS OF INNOVATION INFORMATION HARVESTING

NETWORK DEVELOPMENT

PREPARED MIND

DIVERSE DENSE NETWORKS

• Engender an open mindset & expectation of innovation • Dedication to finding solutions • Seek challenges & new knowledge • Immerse oneself in a richly stimulating environment • Scan the periphery

• Build bridges between diverse clusters • Increase diversity of network to inject new information • Ensure the development of strong and weak ties • Cultivate open high trust environment • Increase frequency of overlap in daily routines

REFLECTION & ENGAGEMENT REFLECTION & ENGAGEMENT • Allow time to connect dots • Induce mental wandering • Provide opportunities for exercise & access to nature • Evaluate new knowledge and know-how gained through exploration with strong ties.

EXPLORATION & SERENDIPITY • Boost exposure to innovation within the ecosystem by making it accessible & visible • Encourage walking, biking, & transit • Embrace turbulence & friction within public realm • Improve programming of public and common spaces to spawn meaningful engagement • Bring people in closer proximity to one another

COLLABORATION & COOPERATION • Maximize trust within the ecosystem • Ensure overlap and visual availability in buildings & public space • Value face-to-face communication over other forms • Instill an expectation of collaboration • Incorporate design elements within spaces to facilitate collaboration

PHYSICAL INFRASTRUCTURE The physical infrastructure provides the environment where business and interactions between individuals take place and the tools to support the talent within the ecosystem. •

Urban design, Architecture, Public Realm, Transportation, & Utilities

A Look at Two Innovation Ecosystems : AUSTIN | NASHVILLE

Innovation is the execution of the ideas. The five components of the innovation ecosystem work together to facilitate the generation and commercialization of new ideas. The fuel for innovation is new knowledge, experience, and relationships within the network. To ensure these inputs are available within the ecosystem and each actor is prepared to recognize and act on them, the these characteristics and operations are essential.

ENABLING ENVIRONMENT The enabling environment is the legal and cultural environment that regulate activities, inspire the talent to bring their innovations to market, and facilitates connections throughout the ecosystem. • • • • • •

Laws & government polices Level of trust Common purpose Expectations Social code of conduct Core and emerging industry clusters 9

Most New Knowledge is Outside the Firm

49%

of Product Innovation is from external sources

37%

of Product Innovation is from external informal sources

30%

Drop in Innovation if external sources are cut off

Source: The Acquisition and Commercialization of Invention in American Manufacturing: Incidence and Impact, Arora, Cohen, and Walsh, 2015

No matter who you are, most of the smart people work for someone else. Bill Joy, co-founder of Sun Microsystems

TALENT

The creativity, information, and ideas reside in the individuals. An innovation ecosystem should support them to realize their ideas. Nashville Innovation Project

DIGITAL SERVICES EMPLOYMENT GROWTH (CAGR): 2015-2017 Source: Brookings Institute AUSTIN NASHVILLE

6.2% CAGR: Compound Annual Growth Rate

DIGITAL SERVICES EMPLOYMENT (CAGR):

8.1%

34%

of all new digital services job growth between 2015-2017 was located within the top 5 metros

Source: Brookings Institute

2010 2015 2017

21,126 9,025 13,176

41,686

14,872

48,678

• Of the top 100 metros Austin, TX ranked 5th and Nashville ranked 18th(2017) • Brookings Institute determine the top 5 metros with the highest share of digital services account for 28% of all jobs and the top 10 account for 44.3%. • The same top 10 metros accounted for nearly half of the new tech jobs from 2015-2017.

NOTE: Digital Services includes Software Publishers (NAICS 5112), Data Processing and Hosting (NAISC 5415), and Computer Systems Design and Other Services (NAICS 5191)

A Look at Two Innovation Ecosystems : AUSTIN | NASHVILLE • TALENT

TECHNOLOGY EMPLOYMENT BY OCCUPATION (2018) Source: Bureau of Labor Statistics

Management Occupations

4,350 5,070

Business & Financial Operations Analysis

13,370

11,450

50 550

Computer & Information Research Scientist

5,150

Computer & Information Analysis

10,000

Software Developers & Programmers

7,970

Database & Systems Administrators & Network Architects

3,700

8,820 5,150

Computer Support Specialist

25,990

10,340

2,200 3,950

Computer Occupations Others Mathematical Science Occupations

1,200 1,450 410 400

Computer Hardware Engineers Multimedia Artist, Animators, & Graphic Designer

1,490 2,990

Computer Operators

480 570

Computer, Automated Teller, and Office Machine Repairers

510 1,170

Per 1,000 Population (Total Employment) Austin (84,670 TOTAL JOBS) 14

Nashville (44,110 TOTAL JOBS) A Look at Two Innovation Ecosystems : AUSTIN | NASHVILLE â&#x20AC;¢ TALENT

LIFE, PHYSICAL, & SOCIAL SCIENCES OCCUPATIONS (2018)

In a study that examined NYC’s innovation ecosystem, it reported

Source: Bureau of Labor Statistics AUSTIN NASHVILLE

9.5

of New York City tech founders studied non-STEM fields while just 35% studied STEM ones during college

9.0 Per 1,000 Population

EDUCATIONAL ATTAINMENT (2017) Source: statisticalatlas.com

53%

AUSTIN

NASHVILLE

40% Bachelor’s Degree

Associate Degree

Masters Degree

Professional

Doctorate

In 2016, Vanderbilt was

In 2016, UT Austin was

300 earned doctorates & ranked 89th in full-

849 earned doctorates & ranked 32nd in full-

ranked

64th

doctorates

in earned

with

time graduate students in science & engineering with 1,732

enrolled.

ranked

1st

doctorates

in earned

with

time graduate students in science & engineering with 3,279

enrolled.

Source: National Science Foundation A Look at Two Innovation Ecosystems : AUSTIN | NASHVILLE • TALENT

EMPLOYMENT OCCUPATIONS IN AUSTIN, TX (2017) MANAGEMENT, BUSINESS, SCIENCES, & ARTS Source: U.S. Census Bureau, ACS 1-yr Estimates via datausa.io

OTHER BUSINESS OPERATIONS SPECIALISTS (3%)

OTHER MANAGEMENT OCCUPATIONS EXCEPT FARMERS, RANCHERS, & OTHER AGRICULTURAL MANAGERS (8%)

ENGINEERS (2%)

SOFTWARE DEVELOPERS & PROGRAMMERS (4%)

POSTSECONDARY TEACHERS (2%)

ART & DESIGN WORKERS (2%)

ACCOUNTANTS & AUDITORS (1%)

MEDIA & COMMUNICATIONS EQUIPMENT WORKERS (2%)

MISC. COMPUTER OCCUPATIONS (1%)

TOP EXECUTIVES (2%)

HEALTH TECHNOLOGISTS & TECHNICIANS (1%)

OTHER TEACHER & INSTRUCTORS, EDUCATION, TRAINING & LIBRARY OCCUPATIONS (2%)

REGISTERED NURSES (1%)

LAWYERS & JUDICIAL LAW CLERKS (1%)

COUNSELORS, SOCIAL WORKERS& OTHER COMMUNITY & SOCIAL SERV. (1%) OPERATIONS SPECIALTIES EXCEPT FINANCIAL & HR MGR (1%) ADVERTISING, MARKETING, PR & SALES MGR (1%)

ENTERTAINMENT & PERFORMERS, SPORTS, & RELATED (1%)

FINANCIAL MGR (1%)

DATABASE & SYSTEMS ADMIN & NETWORK ARCH (1%) PHYSICIANS & SURGEONS (1%)

LIFE & PHYSICAL SCIENTIST (1%)

COMPUTER & INFORMATION RESEARCH SCIENTISTS & ANALYSTS (1%)

OTHER FINANCIAL SPECIALIST (1%)

ARCH, SURVEY (0%)

HR WORKERS (1%)

ELEMENDRAFT, TARY & MATH & ENG MIDDLE SCIENCE TECHN (0%) (0%) (0%)

THERAPISTS (0%) LEGAL SUPPORT (0%) LIFE, PHYSICAL, & (0%) RELIGIOUS WORKERS (0%)

OTHER HEALTH TECHN (0%)

HR MGR (0%)

2ND SCHOOL (0%)

SOCIAL SCIENCE & RELATED (0%)

FARMER MGR (0%)

NURSES (0%)

JUDGES (0%)

LIBRARIAN (0%)

EMPLOYMENT BY THE TOP 4 TECH GIANTS (2018) Source: Various Sources

9,000 (including 2,600 from Acquisition of Whole Foods

5,000 announced

<250 Based on Apple Press Release + Apple Music Announcement (Estimated) 2,700 (including announcement of 2,000 jobs)

<50 Estimate

5,800 (including estimate of new lease of 5,000 jobs capacity)

<100 Estimate

1k Austin

12,000 (including announcement of 5,000 jobs)

2k Nashville

* Includes recent announcements of future jobs

10k

11k

12k

Source: Compilation of various articles

A Look at Two Innovation Ecosystems : AUSTIN | NASHVILLE â&#x20AC;¢ TALENT

EMPLOYMENT OCCUPATIONS IN NASHVILLE, TN (2017) MANAGEMENT, BUSINESS, SCIENCES, & ARTS Source: U.S. Census Bureau, ACS 1-yr Estimates via datausa.io

HEALTH TECHNOLOGISTS & TECHNICIANS (2%) OTHER MANAGEMENT OCCUPATIONS EXCEPT FARMERS, RANCHERS, & OTHER AGRICULTURAL MANAGERS (6%) TOP EXECUTIVES (2%)

MISC. COMPUTER OCCUPATIONS (1%)

MEDIA & COMMUNICATIONS EQUIPMENT WORKERS (1%)

POSTSECONDARY TEACHERS (1%) OTHER BUSINESS OPERATIONS SPECIALISTS (2%)

REGISTERED NURSES (2%)

ACCOUNTANTS & AUDITORS (1%)

ENTERTAINMENT & PERFORMERS, SPORTS, & RELATED (1%)

A Look at Two Innovation Ecosystems : AUSTIN | NASHVILLE â&#x20AC;¢ TALENT

OTHER TEACHER & INSTRUCTORS, EDUCATION, TRAINING & LIBRARY OCCUPATIONS (1%)

ENGINEERS (1%)

OPERATIONS SPECIALTIES EXCEPT FINANCIAL & HR MGR (1%)

COUNSELORS, SOCIAL WORKERS& OTHER COMMUNITY & SOCIAL SERVICES (1%)

OTHER FINANCIAL SPECIALIST (1%)

HUMAN RESOURCE WORKERS (1%)

FINANCIAL MANGERS (1%) LAWYERS & JUDICIAL LAW CLERKS (1%)

ART & DESIGN WORKERS (2%) COMPUTER & INFO, RESEARCH SCIENTISTS & ANALYSTS (0%)

DRAFT, ENG TECHNICIANS (0%) THERAPISTS (0%)

ADVERTISING, MARKETING, PR & SALES MANGER (1%)

PHYSICIANS & SURGEONS (1%)

HR MGR (0%)

RELIGIOUS WORKERS (1%)

ELEMENTARY & MIDDLE (0%)

LIFE & PHYSICAL SCIENTIST (0%)

FARMER MGR (0%) LIFE & PHYSICAL SCIENTIST (0%)

LEGAL SUPPORT (0%)

SOFTWARE DEVELOPERS & PROGRAMMERS (1%)

2ND SCHOOL (0%)

OTHER HEALTH TECHN (0%)

NURSES (0%)

MATH & SCIENCE (0%)

DRAFT, ENG TECHN (0%)

SOCIAL SCIENCE & RELATED (0%) LIBRARIAN (0%)

As revenues soared, so did its stock price. From the day of its initial public offering in 1988 to its peak in March 2000, Dell’s stock rose a staggering—no, staggering is not quite the word—apocalyptic 87,000 percent. Thousands of Dell employees got rich. At one point Dell’s stock was said to have created 2,700 millionaires, so many that they got a name: Dellionaires. Many of them had a lot more than a million dollars. In 2006 a former manager at Dell told me that he made $10 million on one stock option bonus alone—the sort of option package that Dell employees routinely received. Secretaries became rich; executives became, as my grandfather used to say, richer than goose grease. Dell Computer was not only filling the farm fields of Williamson county, north Travis County, and the rolling hills west of Austin with homes and people—the number of local employees at the company would hit 22,000 and the company’s local suppliers brought in tens of thousands more—but it was pumping wealth into the city on a level unseen in its history. Dell’s Great Success Story TexasMonthy, FEB 7, 2013

CAPITAL A Look at Two Innovation Ecosystems : AUSTIN | NASHVILLE â&#x20AC;¢ PHYSICAL INFRASTRUCTURE

Vanguard cities are igniting growth by leveraging their distinctive sectors to commercialize research, seed growth, and grow businesses, and create quality jobs. Bruce Katz The New Localism : How Cities Can Thrive in the Age of New Populism

DEAL COUNT (PER 10,000 POP.)

FIRST FINANCINGS

Source: LaunchTN & Austin Chamber of Commerce

0.5 (37 TOTAL)

2017

0.8 (57 TOTAL)

132

1.3 (124 TOTAL)

152

2018

Source: Center for American Entrepreneurship

1.2 (116 TOTAL)

Austin

1.2 (112 TOTAL)

2016

Nashville 32

0.9 (61 TOTAL)

Austin

Nashville

VENTURE CAPITAL FUNDING (PER CAPITA) Source: LaunchTN & Austin Chamber of Commerce

$1,369 ($1.3B TOTAL) $721 ($498M TOTAL) / *$171 ($118M TOTAL)

2018 2017

$233 ($161M TOTAL)

2016

Austin

20162017

From 2013-2014 to 2016-2017 first starts were down

(-04.6) %

in Austin

$773 ($734M TOTAL)

$301 ($208M TOTAL)

20132014

% (-19.8)

$878 ($834M TOTAL)

in Nashville

Nashville *Smiles Direct Accounted for $380M of $498M

A Look at Two Innovation Ecosystems : AUSTIN | NASHVILLE â&#x20AC;¢ CAPITAL

First starts = initial round of venture investment in early-stage startups focused on high-growth 21

-19.8%

TOTAL VALUE OF RESEARCH AND DEVELOPMENT FEDERAL FUNDING RECEIVED Source: National Science Foundation

$634M $571M

2013

$585M

2014

$683M

2015

$604M $647M

2016

$621M $640M $652M $712M

2017

TOTAL SBIR & STTR GRANTS RECEIVED Source: National Science Foundation

Total Grants

100 75 50 25 0

2018

2017

Austin (SBIR) Nashville (SBIR)

2016

Austin (STTR) Nashville (STTR)

2015

2014

2013

• Milken Institute Technology Transfer and Commercialization Index ranked the University of Texas System 13th of U.S. Universities in 2017. Vanderbilt ranked 42nd that same year. • Reuters’ Top 100 World Innovative Universities Rankings ranked the University of Texas 6th in 2017 and ranked Vanderbilt University 10th that same year. • Small Business Innovation Research (SBIR) require principal investigator to be primarily employed at the proposing small business. • Small Business Technology Transfer (STTR) programs requires small business to collaborate with nonprofit research institution. • Only small business can receive both SBIR & STTR. • A total of 4,794 grants were awarded in 2018

A Look at Two Innovation Ecosystems : AUSTIN | NASHVILLE • CAPITAL

of total venture capital growth from 2006-2017 was within the top leading metros (San Francisco, New York, Boston, San Jose, & Los Angeles)

of total venture capital in 2017 was captured within the top leading metros (San Francisco, New York, Boston, San Jose, & Los Angeles)

Source: Richard FloridaThe Extreme Geographic Inequality of High-Tech Venture Capital, City Lab

KICKSTARTER CAMPAIGNS

Source: Kickstarter.com

1.6

of total venture capital growth from 2006-2017 was invested in Austin ranking it 9th in top metros.

of venture capital investment was captured by the “rise of the rest” metros like Charlotte, Nashville, Pittsburgh, Portland, Dayton, Huntsville, Tampa, San Antonio, St. Louis, Cincinnati, and Sacramento... Individually, none of them registered more than 0.4 percentage points in the national venture capital distribution in 2017.

NASHVILLE, TN (TOTAL 3,792 CAMPAIGNS)

AUSTIN, TX (TOTAL 4,588 CAMPAIGNS)

Technology

Journalism

Fashion

Photography

Food

Dance

Publishing

Games

Design

Music

Film & Video

Crafts

A Look at Two Innovation Ecosystems : AUSTIN | NASHVILLE • CAPITAL

Comics

Network systems, like all forms of productive organization, are fragile constructs that must be continually renewed and redefined to meet new economic challenges.

Annalee Saxenian Author of Regional Advantage

Four Stages of Social Tie Formation

Step 1: Awareness/availability Step 2: Frequency of physical overlap of daily routines Step 3: Interaction/Engagement Step 4: Establishment of Trust (after repeated positive interaction) Based on Rick Grannisâ&#x20AC;&#x2122; stages of neighborhood tie formation, The Ground Up: Translating Geography into Community through Neighbor Networks. 2009.

NETWORK

Nashville Innovation Ecosystem Network Graph Interactive version available at www.nashvilleinnovationproject.com

Cities are networks. That’s why they’re so resilient, that’s why they’re so adaptive, that’s why ... so prosperous, they’re ecosystems. Cities are networks and when they collaborate to compete and they collaborate to problem solve they really can, over a period of time not overnight, create a whole new reality for themselves. Bruce Katz The Network Effects that Make Cities Better Problem Solvers, Harvard Kennedy School PolicyCast

MAJOR INSTITUTIONS

NASHVILLE

AUSTIN • • • • • • • • • •

AUSTIN TECHNOLOGY INCUBATOR AUSTIN HEALTH CARE COUNCIL CAPITAL FACTORY CITY OF AUSTIN DELL MEDICAL SCHOOL THE GREATER AUSTIN CHAMBER OF COMMERCE GOOGLE IBM INTEL MICHAEL AND SUSAN

• • • • • • •

DELL FOUNDATION SETON HEALTHCARE FAMILY ST. DAVID’S HEALTH CARE SAMSUNG SXSW ST. EDWARDS UNIVERSITY UT AUSTIN UT IC2 INSTITUTE

CALGARY, CANADA FRANKFURT, GERMANY LONDON, UK

MEXICO CITY, MEXICO TORONTO, CANADA

CALGARY, CANADA LONDON, UK

TORONTO, CANADA

NASHVILLE

• • • • • •

DIRECT INTERNATIONAL FLIGHTS TO MAJOR BUSINESS CENTERS (2019)

AUSTIN

• • •

A Look at Two Innovation Ecosystems : AUSTIN | NASHVILLE • NETWORK

36|86 • BELMONT UNIVERSITY CENTER FOR MEDICAL • INTEROPERABILITY LAUNCHTN • LIPSCOMB UNIVERSITY • MAYOR’S OFFICE NASHVILLE AREA • CHAMBER OF NASHVILLE TECHNOLOGY COUNCIL NASHVILLE ENTREPRENEUR CENTER

NASHVILLE HEALTH CARE COUNCIL TENNESSEE STATE UNIVERSITY VANDERBILT UNIVERSITY VANDERBILT MEDICAL CENTER THE WONDR’Y

SXSW & 36|86 ATTENDANCE Source: LaunchTN & Greyhill Advisors

interactive, film, music and convergence only

75,098 1,214 27

Serendipity is not luck. Joi Ito, Director of MIT Media Lab

PHYSICAL INFRASTRUCTURE

The probability of collaboration between individuals drops offs precipitously beyond a half mile within clusters and 30ft within offices. There is a 20% increase in the chance of a connection forming with every 100ft of overlap in daily routines. Brian Phelps Nashville Innovation Project: Increasing the Cityâ&#x20AC;&#x2122;s Innovation Capacity

REGIONAL SPATIAL DISTRIBUTION OF INNOVATION ASSETS Source: Nashville Innovation Project

Apple campus (expansion) Apple campus The Domain Qualcomm

Amazon (expansion) IBM

Amazon

Tennessee State University Amazon

Nashville Entrepreneur Center

ONEC1TY IC2 Institute

Vanderbilt University

Capital Factory Facebook Google Downtown

University of Texas at Austin Google (Expansion) Dell Medical School

Austin, TX

Nashville Technology Council

Maryland Farms

Nashville, TN Anchor institutions, anchor companies, funded startups, co-working spaces, third places (i.e. cafes), and other resources. Major Universities and Colleges

A Look at Two Innovation Ecosystems : AUSTIN | NASHVILLE â&#x20AC;¢ PHYSICAL INFRASTRUCTURE

SPATIAL DISTRIBUTION OF INNOVATION ASSETS WITHIN CORE Source: Nashville Innovation Project

IC2 Institute

University of Texas at Austin Capital Factory

Dell Medical School Capital City Innovation District

Facebook Google Downtown

Google (Expansion)

Austin, TX 32

A Look at Two Innovation Ecosystems : AUSTIN | NASHVILLE â&#x20AC;¢ PHYSICAL INFRASTRUCTURE

SPATIAL DISTRIBUTION OF INNOVATION ASSETS WITHIN CORE Source: Nashville Innovation Project

615 Coworking

Tennessee State University

WeWork Church Street Vanderbilt University ONCEC1TY

Amazon Cumberland Emerging Technology

Nashville Entrepreneur Center Cummins Station May Hosiery

Vanderbilt Medical Center

Nashville Technology Council

Nashville, TN A Look at Two Innovation Ecosystems : AUSTIN | NASHVILLE â&#x20AC;¢ PHYSICAL INFRASTRUCTURE

SPATIAL DISTRIBUTION OF INNOVATION ASSETS DOWNTOWN Source: Nashville Innovation Project

1/4 & 1/2 Mile Walking Radius

University of Texas at Austin Capital City Innovation District Dell Medical School

Army Futures Center Capital Factory

Facebook

Google (Expansion, Approx.)

Galvanized Google Downtown

Techstars

Austin, TX 34

A Look at Two Innovation Ecosystems : AUSTIN | NASHVILLE â&#x20AC;¢ PHYSICAL INFRASTRUCTURE

Meharry Medical College

Fisk University

LaunchTN

Tennessee State University Downtown Campus TSU Incubator Lifeway HCA Amazon Asurion Cumberland Emerging Technology

Gulch Crossings

1/4 & 1/2 Mile Walking Radius

Phillips WeWork Lyft Spark

Cummins Station

ONCEC1TY

Vanderbilt University

May Hosiery

Vanderbilt Medical Center

Nashville, TN A Look at Two Innovation Ecosystems : AUSTIN | NASHVILLE â&#x20AC;¢ PHYSICAL INFRASTRUCTURE

â&#x20AC;Śmoving a complex industry is like trying to move a jigsaw puzzle from one table to another. The more pieces in the puzzle, the harder it will be to move it, as the puzzle falls apart when we fail to move all of the pieces at the same time. Cesar Hidalgo Why Information Grows

Cities must think like a system and act like an entrepreneur. Mathew Taylor, Chief Executive of the Royal Society for the Encouragement of Arts, Manufacturers, and Commerce

ENABLING ENVIRONMENT

AUSTIN & NASHVILLE INNOVATION ECOSYSTEM TIME LINE Source: Nashville Innovation Project

1967 Texas Instruments moves to Austin 1957 Austin Area Economic Development Foundation Creates ‘Blueprint of the Future’ Strategic ECD Plan

1984 Austin hires Stanford Research Institute’s Public Policy Center to prepare ‘Creating and Opportunity Economy’ 1982 Microelectronics and Computer Technology Corporation (MCC) announces move to Austin 1977 UT IC2 Institute is founded

1963 IBM moves typewriter facility to Austin

1974 Motorola moves to Austin

1960

1970

1983 3M opens offices. 1989 Dell goes public.

1991 HP opens operations.

1987 First SXSW music festival’s first year.

1988 Applied materials opens operations.

1988 Semantech moves headquarters to Austin.

1992 Apple opens offices in Austin.

1989 Austin Technology Incubator is founded.

1995 SXSW adds film & interactive added to conf.

1980 1981 Hospital companies HCA and HAI merge

1971 VU Earl Sutherland wins Nobel Prize.

1985 Community Health Systems is founded

1969 Comdata was founded. Created the debit card system

1986 VU Stanley Cohen wins the Nobel Prize

1998 Intel opens operations.

1984 Dell is founded.

1968 Hospital Corporation of America (HCA) is founded

1975 Telco Research was founded.

1989 Tivoli Systems Inc. founded

1984 Healthcare Management Systems was founded.

1990

2000

1995 Nashville Healthcare Council Holds 1st Meeting 1994 ISDN-net brings the Internet to Nashville 1992 Griffin Technologies was founded 1989 Nashville High Tech Initiative Founded. 1999 Nashville Technology Council was founded

A Look at Two Innovation Ecosystems : AUSTIN | NASHVILLE • ENABLING ENVIRONMENT

2009 Capital Factory founded . 2007 Bioware opens office 2007 Blizzard opens office

2019 Google announces expansion plans.

2018 Amazon annouces 800 job expansion

2018 Army Future Command Center announced.

2017 Amazon buys Whole Foods 2018 Apple Announces $1B 2nd campus

2007 Google opens office

2004 Qualcomm opens facility.

2000

2009 Ascension Seton approves preliminary plans to locate a regional campus in Austin.

2015 Oracle establishes campus 2011 Ebay/Paypal opens office

2015 Austin Anchors & The Innovation Zone: Building Collaborative Capacity is published

2007 Samsung opens the semiconductor plant.

2010 Facebook opens office in Austin.

2016 Capital City Innovation Zone established.

2008 AMD opens “Lone Star” campus.

2012 Establishment of Dell Medical School passes.

2016 Dell Medical School opens.

2010

2015

2014 Jumpstart Foundry starts health care accelerator & 1st Health:Further conference

2018 Amazon announces operations center (5,000 jobs)

2005

2002 Cumberland Emerging Technologies is created

2009 Jumpstart Foundry is Founded

2002 Nashville Capital Network (NCN) is launched.

2009 Nashville Entrepreneur Center is founded.

2013 1st Southland conference.

2003 Emma is founded.

2009 LeanKit is founded

2013 Aspire Health founded.

2000 Digital Reasoning is founded.

2010 TNInvestco is passed 2011 INCITE Fund is enacted

2020

2017 Emma is sold. 2017 LeanKit is sold. 2018 Aspire Health sold.

2013 Hytch is founded.

2016 VU Wondr’y is opened

2015 Center for Medical Interoperability is started.

2016 TN Angel tax credits enacted

2014 TNInvestco ends

2017 Impact fund enacted

A Look at Two Innovation Ecosystems : AUSTIN | NASHVILLE • ENABLING ENVIRONMENT

Nashville Innovation Project www.nashvilleinnovationproject.com