INNOVUS 2011 Building and Innovation Society The Role of Government, Business and the University The “Triple Helix”
Professor Jerome S. Engel University of California, Berkeley
The Lester Center for Entrepreneurship and Innovation Haas School of Business, UC Berkeley
Copyright © 2011 J.S. Engel
Jerome “Jerry” Engel •
•
UC Berkeley – Founder and Faculty Director of the Lester Center for Entrepreneurship and Innovation – Chair: Entrepreneurship Faculty – Teach Entrepreneurship, Venture Capital & Private Equity, Technology Commercialization in the MBA and Executive Ed Outside of Academe: – Venture Capital • Monitor Venture Partners, General Partner • Co-founded: Kline Hawkes Capital early ’90s – Entrepreneur • Co-Founder: AllBusiness.com, ElectraScan Inc., CardioProfile • Angel Investor, Board member, Advisor: Maxis, Leapfrog, MedAmerica – Big Company Experience • 1980s: Ernst & Young, Managing Partner, Entrepreneurial Services » Clients: Apple, Intel, Genentech, Sun, Autodesk,Fair Isaac, The Learning Company and more.. • 1970s: KPMG The Lester Center for Entrepreneurship and Innovation Haas School of Business, UC Berkeley
Copyright © 2011 J.S. Engel
The Path to Growth: Entrepreneurship Bridges the Gap
People
Opportunity
Entrepreneurship Tech
The Lester Center for Entrepreneurship and Innovation Haas School of Business, UC Berkeley
Value
Money
Copyright Š 2011 J.S. Engel
The Path to Growth: Ecology of Innovation
People
Opportunity
Entrepreneurship Tech
Value
Money Ecology of Innovation
The Lester Center for Entrepreneurship and Innovation Haas School of Business, UC Berkeley
Copyright Š 2011 J.S. Engel
The Innovation Engine of Clusters of Innovation Universities
Large Pools of Private Capital
Major Corporations/ Strategic Investors/ R&D Centers/ Potential Acquirers
Entrepreneurs
Management
Public Stock Markets Professions
Government
Venture Capital Investors
The Lester Center for Entrepreneurship and Innovation Haas School of Business, UC Berkeley
Copyright Š 2010 J.S. Engel
Clusters of Innovation: Global Networks of COI
MOBILITY OF RESOURCES Capital People Technology
Global Networks of Clusters of Innovation Super-COI Covalent Bonds COI 1
Mutual projects & business. Shared relationships and resources go beyond efficiency to mutual dependency.
COI 2
Durable Bonds Contractual and recurring relationships and exchanges. Doing business together.
Weak Ties COI 3
Large number of casual exchanges. Frequent, informal, sporadic. High volumes of low relevancy information.
Universities Government and Regulatory Centers
Finance Centers Technology Centers
Nodes of Value
Entrepreneurial Ecosystem and COI: Triple Helix
Government
Entrepreneurial Ecosystem University
Industry
Source: Henry Etzkowitz & Loet Leydesdorff, 2000.
The Lester Center for Entrepreneurship and Innovation Haas School of Business, UC Berkeley
Copyright Š 2011 J.S. Engel
Entrepreneurial Ecosystem and COI: Mobility of People, Technology and Money
People
Tech
Money
Entrepreneurial Ecosystem The Lester Center for Entrepreneurship and Innovation Haas School of Business, UC Berkeley
Copyright Š 2011 J.S. Engel
The Innovation Engine of Clusters of Innovation Universities
Large Pools of Private Capital
Major Corporations/ Strategic Investors/ R&D Centers/ Potential Acquirers
Entrepreneurs
Management
Public Stock Markets Professions
Government
Venture Capital Investors
The Lester Center for Entrepreneurship and Innovation Haas School of Business, UC Berkeley
Copyright Š 2011 J.S. Engel
Thank You
The Lester Center for Entrepreneurship and Innovation Haas School of Business, UC Berkeley
Copyright Š 2011 J.S. Engel