Catalyzing Open Innovation in the Merrimack Valley Region A Networking Event to Enhance Regional Competitiveness for Business & Economic Development MARCH 20/NORTHERN ESSEX COMMUNITY COLLEGE/HAVERHILL, MA 8:00 AM – 4:00 PM COST: $75.00 PER PERSON INCLUDES BREAKFAST, LUNCH & REFRESHMENTS! Abstract: Globalization is a powerful force making regional innovation networks essential in economic development. Open innovation is critical to promoting regional competitiveness. It is a collaborative business model that helps to bring together internal R&D talent with entrepreneurial partners to share expertise and intellectual property, and rapidly co-develop products and services. To succeed, a critical mass of entrepreneurs and talented workers must be supported by a business practice that facilitates regional open innovation, collaboration tools, top-class education, and access to capital resources and local and global markets. This event addresses how to apply open innovation in the Merrimack Valley to enhance regional competitiveness for business and economic development.
A Conference bringing
together the essential (Source: Forrester Research)
A Conference bringing together the essential components of a successful open innovation environment: - Entrepreneurs and Startups - Students and Universities - Government Leaders - Funders - Supporting Established Companies - Collaborative Business Practices and Tools
Event goals:
Promote Education/Awareness of Open Innovation Process Address Factors to Consider to implement Open Innovation across Region Facilitate Business Networking and Mentoring
Specific focus areas:
Establish simple and efficient business practice and collaboration tools : o
Help devise physical and virtual means for matchmaking and collaboration to facilitate open innovation;
Connect with regional ecosystem of open innovation partners: o
Established Corporations:
o
Entrepreneurs, Startups and Emerging Businesses
o
Offer mature business and manufacturing capabilities as well as investment for emerging businesses and partners in regional labs Provide innovative talent, ideas, intellectual property, patents, products and services for emerging businesses Seek innovations, entrepreneurial partners and future work force
Provide innovative talent, ideas, intellectual property, patents, products and services for established corporations and emerging businesses Need connections to good funding partners (e.g. aligned angels, prize money, government procurement help) and good technical talent (e.g. good engineers and coders) Seek advocates/mentors who can take the lead in guiding them through the complex world of business planning, investor negotiations, sourcing, etc.
Supply chain partners
Define the advantages and disadvantages of vertical versus virtual product realization Provide innovative strategies for lowering design, distribution, and material costs. Provide a forum for professional networking between early stage product OEMs and premier design and manufacturing services firms
o
Colleges, Universities, Vo-Tech High Schools, Research Institutes, Entrepreneurial Catalysts
o
Government organizations and programs that are innovation-supporting
o
Provide funding and help to establish funding phases
Commercial real estate managers
o
Provide seed funding, data for economic development and partners in regional labs
Angels, venture capital firms, investment funds, investment banks and corporate investors
o
Provide on-demand training and talent based directly on needs of industry sectors Provide ideas and intellectual property
Address space types, availability, cost and market trends
Intellectual property managers
Define legal boundaries for a product or service that is co-developed amongst multiple partners
The Advantages of Open Innovation
(Source: Forrester Research)
Agenda Start 7:00 8:00
Stop 8:00 8:05
Time 60 5
8:10
8:35
25
8:40 9:45
9:55
9:40 9:55
10:55
60 10
Topic Breakfast and Visit Booths Welcome, (Mayor Fiorentini) Keynote (Tentative), (John Hawthorne, CEO and Founder of MassChallenge) "Government agencies, corporations and emerging businesses can reduce costs by engaging with startups" Panel Discussion - Corporate Needs and Case Studies for entrepreneurs, their IP and emerging technologies, and future workforce Break Panel Discussion: On-Demand Skilled Workforce Training Based on industry needs
60 Panel Discussion: Funding sources for innovative products and services
10:50 12:00
11:50 1:00
60 10
1:00
1:30
30
1:35 2:20
2:30 3:30
2:20 2:30
3:30 4:00
45 10
60 30
Panel Members
Panel Members (Tentative): 1. Moderator (Raytheon); 2. Philips Medical (Case Study); 3. Cabot Corporation; 4. Magellan Aerospace; 5. Schneider Electric; 6. Other Panel Members (Tentative): 1. Moderator (Lane Glenn NECC); 2. Whittier Vo-Tech; 3. UMASS/Lowell; 4. Merrimack College; 5. Merrimack Valley Sandbox Panel Members (Tentative): 1. Angels; 2. Venture Capital Firms; 3. Investment funds 4. Investment Banks; 5. Corporate investors
Lunch Haverhill Hardware Horizons Challenge Finalists - 2 Minute Pitches Panel Discussion: Supply Chain Partners for Open Innovation and Manufacturing Break Panel Discussion – Business practice and tools for Open Innovation in the Merrimack Valley Wrap-up
Panel members (Tentative): 1. Lightspeed; 2. Round Rock Consulting LLC ; 3. Southwick; (Other) Panel members: TBD
Sponsors: Lightspeed Manufacturing Round Rock Consulting LLC The Burgess Business Center Incubator
MassChallenge
Greater Haverhill Foundation Metrigraphics LLC Northern Essex Community College USAi.net
Exultium
SmartSource
McDermott & Company Marketing
Greater Haverhill Chamber of Commerce
City of Haverhill
Massachusetts Technology Collaborative
For reservations and sponsorships, please send email request and make check payable to: Greater Haverhill Chamber of Commerce Community Arts and Education Foundation (GHCCCAEF) 80 Merrimack Street, Haverhill MA 01830 Please contact John Michitson michitson@mitre.org for reservations, sponsorships, and if you have any questions.