A World of Insights

Explore how we’re innovating the new economic landscape

TEConomy Partners can assess your advanced industry clusters and evaluate your R&D core competencies, identify strong innovation-led development platforms, complete the design of your economic and product development ecosystem, assure you have the places and spaces needed to appeal to companies and talent, and launch and manage highly effective growth and development programs. TEConomy Partners services are designed to help you manage and navigate economic and innovation based development.

Economic Development and Targeted Industry Strategies

To realize growth, an economic strategy must first be grounded in growth opportunities that connect industry strengths with specific know-how found across industry, universities and the workforce. Strategy must also bring a full assessment of the resources and capabilities found in the development ecosystem. And finally, a successful strategy must include a tailored set of actions designed from best practices.

Examples of Project Work Completed by Principals at TEConomy:

Ohio Department of Development (ODOD)

Our economic development strategy for ODOD assessed Ohio’s competitive position and development gaps. The completed strategy offered a comprehensive action plan that was incorporated into the Ohio Third Frontier, a 15-year, $2.2 billion technology-based economic development initiative. Over the next decade, we have been engaged multiple times to assist with technology core competency assessments, targeted industry cluster analysis, and detailed market assessments. During this engagement, more than 63,000 jobs and $10.3 billion in follow-on funding occurred as a result of investments made through the program.

Iowa

We completed comprehensive economic development strategies for three targeted industry clusters: biosciences, information technology, and advanced manufacturing. Each cluster development roadmap began with an analysis of the comparative performance and advantages of Iowa at the cluster and sub-cluster level. Core competencies relevant to each sector were evaluated at Iowa universities, research institutes and industry. The competitive advantage and core competency assessments resulted in identification of specific platforms or niches of opportunity. Our strategies and action plans specifically addressed tools and actions required to further strengthen Iowa’s competitive position. Iowa’s implementation of our recommendations has been heralded as a key factor in the state’s improving economic performance.

Science and Technology Roadmaps

Opportunities abound. But which ones are right for you? We can map out the niches connected to growth that offer the best potential for your organization.

Examples of Project Work Completed by Principals at TEConomy:

Georgia Research Alliance – Bioscience/IT

Our bioscience and information technology roadmaps for the Georgia Research Alliance have continued to assist in identifying opportunity areas and advancing stronger connections between university assets and targeted industry development.

Pittsburgh Regional Foundations – Clean Tech

We conducted a detailed regional evaluation of R&D core competencies and industry assets relating to clean tech and advanced energy technologies covering Western Pennsylvania, Eastern Ohio and Northern West Virginia.

Colorado – Life Sciences

Our life sciences core competency assessment of Colorado’s research universities, national labs and industry R&D centers resulted in the development of an action plan to grow Colorado’s bioscience cluster.

North Carolina State University – Plant Science

For the University’s proposed $180 million Plant Sciences Initiative and associated Plant Sciences Building, we evaluated core competencies and identified development platforms aligned with regional industry connectivity and economic growth.

Mississippi Energy Institute – Market Opportunities

We developed an in-depth analysis of energy supply and demand in Mississippi, identified energy technology R&D assets in the state, and mapped out potential commercialization platforms in specific energy innovation areas.

Indiana Biocrossroads – Life Science

We performed multiple projects for Biocrossroads and other key organizations in Indiana to evaluate core competencies and create strategic action plans for life science cluster development, including opportunities for stronger industry-university partnerships.

Arizona – Life Science

Arizona engaged us in long-standing support of the state’s 10+ year ongoing life science cluster development roadmap, together with individualized regional strategies.

The Ohio State University – Agriculture/Bioscience

Through multiple projects, we helped identify R&D strengths and key assets in agriculture and related science and engineering disciplines that could enhance the University’s agbioscience research and associated economic development.

Arkansas Research Alliance – Research/Technology

We assessed core research competencies in universities across the state and identified likely technology platforms that align with local industries and growing markets.

Workforce Development and Talent Strategies

In a knowledge-based economy, attracting and retaining educated, skilled talent at all levels is critical to producing top quality, innovative goods and services quickly and efficiently

Examples of Project Work Completed by Principals at TEConomy:

Connecticut Office for Workforce Competitiveness (OWC)

We provided more than a decade of strategic planning, technical assistance and implementation support services for the OWC. Our information technology workforce strategy resulted in legislation and funding of many pilot projects. One of these, designed and managed by Principals at TEConomy Partners, was scaled up into Connecticut Career Choices, a statewide STEM initiative. CCC engaged high school students in experiential learning opportunities in e-commerce, digital media, biotech R&D and health. The program reached more than 50 high schools, involving nearly 6,000 students and 125 teachers.

Indiana Retention of College Graduates

This comprehensive study focused on how Indiana could better compete for college educated talent, assessing the alignment between recent college graduates and high quality job opportunities in the state. The study brought together public data on occupational employment by industry, degree generation, and student migration patterns, along with specialized analyses of job vacancies and survey research of recent college graduates from Indiana working both in-state and out-of-state. Various strategies were identified to break the cycle of Indiana losing graduates. The results of the study helped inform the Lilly Endowment’s $60+ million initiative to Indiana colleges and universities to help improve employment opportunities for college graduates

Maricopa Community College System

We conducted an in-depth assessment of the workforce education and training needs of electronics, aerospace, and defense manufacturers in the Greater Phoenix area, along with their supply chain businesses. A detailed action plan was developed with the input of industry sector focus groups to allow for a more targeted approach to addressing workforce needs. A similar initiative for bioscience workforce development was also conducted for the Maricopa Community College System, in partnership with Pima County.

Pharmaceutical Research and
Manufacturers of America (PhRMA)

For PhRMA, we undertook a detailed analysis of STEM K-12 education initiatives and programs sponsored by the biopharmaceutical industry. The report assessed the growing STEM skills gap and documented for the first time the broad range of STEM efforts by PhRMA member companies and their corporate foundations.

Innovation Ecosystem, Incubators, Research Parks, and Place Making

Innovation and skills development happens in places where firms tend to cluster so they can profit from local knowledge flows, skilled workers, and regional supplier networks. Innovation ecosystems and high quality live-work-play environments are important for generating, retaining and attracting advanced industries and the high-skilled workforces they need.

Examples of Project Work Completed by Principals at TEConomy:

Association of University Research Parks (AURP)

In collaboration with AURP, we chronicled research park developments and best practices nationwide through in-depth surveys and periodic reports. These benchmarking reports have highlighted the growth of research parks even through the recession and documented the key best practices in how research parks contribute to regional innovation ecosystems.

Hillsborough County, Florida

We started with a 2009 assessment of the potential for advancing a new bioscience complex with Moffitt Cancer Center, including economic impact and likely development paths. We updated this study with an examination of how Hillsborough County’s bioscience development has fared through the economic recovery and what is needed to create a successful innovation district to spur biosciences in the county.

Indianapolis

We performed an integrated assessment of talent and innovation dynamics in the Indy Metro area. Our goal was to assess the potential for a new downtown innovation district –-16 Tech – and to identify the programs needed to realize that potential.

Iowa

We assessed the state’s overall entrepreneurial development system. Our purpose was to identify and design specific program efforts to address gaps in the entrepreneurial delivery system. More recently, we assessed the potential for advancing Iowa’s biosciences entrepreneurial ecosystem.

Pittsburgh

We have performed numerous studies for Pittsburgh over the past two decades. We developed the design for the Pittsburgh Life Sciences Greenhouse and its highly effective entrepreneurs-in-residence approaches. We conducted a detailed analysis of the challenges of aligning technology industry drivers and opportunities in technology space development. This study included a specific analysis of the relationships among the various partners and made recommendations on how these organizations could work together better through the newly-formed Greater Oakland Keystone Innovation Zone (KIZ). This effort led to a larger project to develop a strategy for growing the region’s technology economy.

West Virginia Regional Technology Park

We performed a detailed feasibility assessment and program development plan for transforming the former site of Dow Chemical’s Technical Services Center into a research park for the state’s chemical and energy industries.

Arkansas

We assessed the progress of current entrepreneurial development efforts, including how technology-based new ventures were served by the state’s technology validation, entrepreneurial mentoring, angel investment tax credits and other financing programs.

Program Management and Implementation

Successful implementation is critical to the success of any strategy. In addition to providing technical assistance services as part of implementation managed by clients, we can serve as outsourced managers for implementing the full strategy and action plan as a turnkey project.

Examples of Project Work Completed by Principals at TEConomy:

Arizona Biomedical Research Commission

Building upon the initial success of the Arizona Biosciences Roadmap, we developed and then implemented a more targeted strategy to address translational research needs: The Arizona Translational Resource Alliance for the Arizona Biomedical Research Commission. This effort led to the development of a biospecimen tissue banking consortium and public cord blood bank.

Connecticut Office for Workforce Competitiveness (OWC)

We provided more than a decade of strategic planning, technical assistance and implementation support services for the OWC. Our information technology workforce strategy resulted in legislation and funding of many pilot projects. One of these, designed and managed by principals at TEConomy Partners, was scaled up into Connecticut Career Choices, a statewide STEM initiative. CCC engaged high school students in experiential learning opportunities in e-commerce, digital media, biotech R&D and health. The program reached more than 50 high schools, involving nearly 6,000 students and 125 teachers. We also supported Connecticut Innovation’s Small Business Innovation services with design technical assistance and helped link emerging and small technology firms with large technology businesses, especially in defense.

Ohio

After completing the strategic assessment of Ohio’s economy that informed the creation of the Ohio Third Frontier, we provided technical assistance and performed specific new assignments to address areas of focus for targeted investment. One of our staff joined the Ohio Department of Development to help lead implementation.

TEConomy Partners’ public policy services help you navigate a range of issues, needs and opportunities. We help by providing objective and rigorous analysis and reporting that communicates your value, clearly explains your importance in today’s economic and societal context, combats misinformation and misperceptions, and guides the development of public policies favorable to advancing your sector and associated economic and societal benefits.

Science and Technology Futures

Examples of Project Work Completed by Principals at TEConomy:

Pharmaceutical Research
and Manufacturers of America (PhRMA)

For PhRMA, we conducted in-depth research to identify likely trajectories for the U.S. pharmaceutical industry under various potential policy and industry scenarios.

The Ohio State University (OSU)

We performed a detailed overview of global grand challenges and their potential linkage to the OSU Discovery Themes Initiative platforms. This study included recommendations for multi-disciplinary R&D platforms that would best apply OSU competencies to address major global challenges in human health, food security and clean energy.

Flad Architects

For the nation’s leading science and technology facilities architecture and planning firm, we undertook research to identify those areas of science and technology likely to generate demand for new R&D and academic facilities.

We examined growth trends and likely trajectories for funding science and technology facilities at universities, research institutes, national laboratories and within R&D-performing industry clusters.

Biotechnology Industry Organization (BIO)

In BIO’s book Healing, Fueling, Feeding, we provided research and authorship of two out of three chapters, highlighting the scientific and functional benefits of applied agricultural and industrial biotechnology.

North Central Land Grant Universities

We developed “Power and Promise,” a highly cited study of the importance of land-grant university research and extension activity in advancing an agbioscience economy together with economic and social sustainability in the North Central region of the U.S.

Southern Region Land Grant Universities

We produced “Impact and Innovation,” a detailed report on the impacts and opportunities associated with the research and extension activities of land-grant universities in the Southern region of the U.S.

Global R&D Funding Forecast

With R&D Magazine, we led the annual production of the Global R&D Funding Forecast, a highly cited statistical compendium and outlook document covering the world of research and development funding and the competitive position of the United States and other leading nations performing R&D.

Impact Assessment and Modeling

Examples of Project Work Completed by Principals at TEConomy:

Human Genome Project

We developed a widely cited study that examined the initiative’s direct impacts, its broader impacts on bioscience industries, and its societal benefits.

Academy of Radiology Research

We undertook research to identify the comparative level of innovation for all National Institutes of Health (NIH) Research Institutes and a comparison of NIH patent generation to that of other federally funded agencies.

Pharmaceutical Research
and Manufacturers of America (PhRMA)

For PhRMA, we performed detailed studies of the economic impact of the U.S. biopharmaceuticals industry on the nation and individual states.

Advanced Medical Technology Association (AdvaMed)

For AdvaMed, we performed an in-depth assessment of the U.S. medical device/medical technologies industry and the economic impacts associated with this industry.

Mayo Clinic

We quantified and detailed the economic and functional impacts of the Mayo Clinic and the Mayo Clinic Health System in Minnesota, Wisconsin, Arizona and Florida.

Oklahoma Higher Education

We examined the economic and functional impact of public higher education in the state.

American Clinical Laboratories Association

We developed an analysis and report detailing the growth and impacts of the modern genetic and genomic clinical laboratory diagnostics and testing industry and associated R&D enterprises.

North Carolina Biotechnology Center

We have performed multiple annual analyses of the statewide and regional economic and functional impacts generated by this state-funded organization.

ISMETT (Italy)

Working with UPMC Italy, we researched the economic and functional impacts of ISMETT, the Palermo-based organ transplantation and advanced specialty care hospital and research center, on the region of Sicily and nationwide.

Program and Policy Evaluation

Examples of Project Work Completed by Principals at TEConomy:

Family and Consumer Sciences

We examined the overall structure and content of Family and Consumer Sciences as an academic discipline and an applied research field, developing solutions to rural and urban challenges through knowledge dissemination and extension activities at land-grant universities.

Iowa State Center for Crops Utilization Research

We assessed progress against mission goals of the Iowa State University Center for Crops Utilization Research and developed strategic action recommendations for enhancing positive economic development outcomes through the Center’s programs.

Ohio Soil and Water Conservation Districts

We examined the current structure and functionality of Ohio’s statewide system of Soil & Water Conservation Districts and provided the State of Ohio with a strategic action plan to enhance and streamline the effectiveness of system operations.

Science Foundation Arizona (SFAz)

We surveyed grantees to prepare annual report cards for SFAz that closely examined the performance of grant programs and how the agency’s efforts contributed to advancing innovation and economic development in Arizona.

Maryland Technology Development Corporation (TEDCO)

We analyzed the economic and functional impacts of TEDCO’s research and commercialization programs, analyzed the strategic need for each of TEDCO’s core programs, and studied the role that TEDCO plays in commercializing technologies within the state.

North Carolina Biotechnology Center (NCBC)

We performed a comprehensive assessment of the impact of NCBC program over its first 25 years, with ongoing updates every two years. The 25- year assessment involved input/output analysis, identification of functional benefits and detailed customer and stakeholder survey research.

Let us help you answer the tough questions. We have invested in the know-how and resources required for performing highly advanced analytics, and subscribe to leading information resources, databases and market research resources, giving us access to the latest data and metrics. Our expertise in research methods and access to specialized tools in statistical analysis, modeling and simulation, econometrics and bibliometrics assures conclusions that are rooted in robust and rigorous analytics.

Targeted Industry Cluster Analysis

A fundamental component of many of our strategic engagements involves developing state and/or regional targeted industry analysis and assessments. Utilizing detailed industry employment, output, productivity, venture capital, R&D, and other data sources combined with on-the-ground intelligence, the TEConomy team has developed proven approaches and methodology to assist clients in understanding their most viable opportunities [best bets??] for industry cluster and subcluster development now and into the future.

Examples of Project Work Completed by Principals at TEConomy:

CenterState Corporation for Economic Opportunity

In several engagements with CenterState CEO we have identified and assessed the position of Central New York’s industry clusters and provided recommendations on those clusters primed for enhanced regional economic development.

Advanced Analytics and Modeling

Advanced Analytics and Modeling

In addition to our strong capacity and capabilities in economic impact modeling, TEConomy Partners brings a unique suite of analytics capabilities to fully understand the innovation, economic, and policy landscape across any technology or industry area. These analytic capabilities combine proprietary data sets and tools with real world and on the ground understanding of how to put analytic insights to use in providing actionable intelligence for clients to understand and address complex issues.

Scientometrics

TEConomy principals have been at the forefront of applying scientometric and bibliometric analyses to the understanding of state, regional, and institutional research and innovation and the connections and importance to innovation- based economic development. Our advanced analysis techniques can examine the strength, quality, and downstream impact of research and innovation activities represented by publications, patenting, R&D spending, and more to provide a complete narrative of the innovative technology and research strengths driving a region or industry of interest.

Thematic Identification and Clustering

Using various text data mining tools and techniques TEConomy can examine a wide variety of text data sources such as patent and research publication abstracts, to assess the underlying themes and areas of focus. This identification of clusters and themes within document collections are used to help identify core innovation competencies, technology platforms for future development, and their ties to existing and emerging industry clusters.

Citation Landscaping and Network Analysis

Understanding how ongoing research and innovation within a region is interconnected within a broader context, and its relative concentration is critical to identifying a region’s position across a technology and innovation landscape. Using network analysis tools, TEConomy can identify key areas of activity that form the “nodes” in the network defined by patterns of citations or other connections between technology areas or industries.

Econometric Forecasting and Predictive Modeling

TEConomy has extensive background in advanced econometric modeling techniques used to drive forecasts of economic growth and trends in research activity. Using the latest regression, maximum likelihood, decision theory, and other predictive models customized to address key client questions, TEConomy can develop high quality forecasts of industry performance, research activity, predicted policy or spending decisions, or other trends or strategic decisionmaking to inform and support critical aspects of economic development implementation.

Survey Design and Attribute Analysis

Using web-based and form-based designs, TEConomy has developed survey and data collection instruments to meet client needs for large scale data collection. Once collected, TEConomy can deploy a wide variety of advanced analysis techniques to gain deep insights from survey respondents, including multi-attribute modeling techniques and revealed preference analysis such as conjoint analysis, to provide quantifiable insights into stakeholder perspectives on innovation and policy.

Geospatial Analysis

Using Geographic Information System (GIS) tools in conjunction with geospatial modeling and data visualization capabilities TEConomy develops and provides unique spatial assessments to provide insights to clients regarding areas such as industrial density and clustering, intra- and inter- regional supply chain development, disbursement of innovation capital, and regional research partnership development.

Complex Systems Simulation

Local and regional economies, as well as broader innovation ecosystems, involve decisions and investments that interact with one another in increasingly complex ways. TEConomy has expertise in developing applied complex systems simulations of industry and innovation environments that capture the complexity and uncertainty inherent in large-scale environments that have a significant number of decision makers and stakeholders. The behavior of individual firms, research institutions, or other participants in technology-based economies can be used to drive simulated outcomes that in turn are used to analyze complex near or long term impacts of research investment, economic development initiatives, and other policy decisions.

Core Technology Competencies, Market Research and Competitive Analytics

Examples of Project Work Completed by Principals at TEConomy:

Polymers

Market studies for multiple polymer sectors and product types for regions, associations and major polymer corporations.

Bio-based Materials

Large-scale examinations of current and developing domestic and international markets for biofuels, bio-based commodity and specialty chemicals, and bio-based materials.

Medical Devices

Examination of market opportunities in multiple medical device categories and in materials for medical device applications.

Biopharmaceuticals

Studies of market needs and demand characteristics for drugs and diagnostics across multiple specific areas of chronic and infectious diseases and disorders.

Agricultural Technology

Market assessments and technology review white papers on agricultural products, plant sciences, livestock feed and nutrition products, precision agriculture technologies, human food production and value-added manufacturing.

Advanced Energy Technologies

Assessments of markets for multiple energy technologies in nuclear power, renewable energy, energy efficiency (smart grid) and energy distribution.

Economic and Functional Impact Analysis

Examples of Project Work Completed by Principals at TEConomy:

Human Genome Project

We developed a widely cited study that examined the initiative’s direct impacts, its broader impacts on bioscience industries, and its societal benefits.

Academy of Radiology Research

We undertook research to identify the comparative level of innovation for all National Institutes of Health (NIH) Research Institutes and a comparison of NIH patent generation to that of other federally funded agencies.

Pharmaceutical Research
and Manufacturers of America (PhRMA)

For PhRMA, we performed detailed studies of the economic impact of the U.S. biopharmaceuticals industry on the nation and individual states.

Advanced Medical Technology Association (AdvaMed)

For AdvaMed, we performed an in-depth assessment of the U.S. medical device/ medical technologies industry and the economic impacts associated with this industry.

Mayo Clinic

We quantified and detailed the economic and functional impacts of the Mayo Clinic and the Mayo Clinic Health System in Minnesota, Wisconsin, Arizona and Florida.