I was a speaker and panelist at the ARCCoM Fall 2015 International Innovation event. This event hosted representatives from Russia, Europe, and North America to participate in a dialogue about B2B collaboration and building Innovation Corridors for start-ups to collaborate with markets internationally. The event began on Oct 8th, hosted at the Carlson School of Management and included daytime sessions and evening social/culture events over several days. Speakers at the event included Corporate, Academic, State Government, Federal Government, Innovation Practitioners, Innovation Center Executives, and Start-up speakers. Below is the event agenda, content and speakers. I will expand on the learnings in a second blog post.
October 8, Thursday, CSOM, room 2-206 8:30 am – 9:00 am – Registration and light breakfast
9:00 am -10:20 am – Greetings and introductory remarks
- Anatoli Korkin, Chairman of ARCCoM, St Paul, MN, Welcome and introduction
- Mark Ritchie, Minnesota Secretary of State (2007-2015) and President/CEO, Minnesota World’s Fair Bid Committee, St Paul, MN, Introductory remarks
- Alexander Stadnik, Russian Trade Mission, Washington D.C., introductory remarks
- Thomas Bruns, United States Commercial Service, Washington D.C., Introductory remarks
- Steve Riedel, Minnesota Trade Office, St Paul, MN, Minnesota trade with Russia: Current status and opportunities
- Jamshed Merchant, Consul General of Canada, Minneapolis, MN, Introductory remarks Vladimir von Tsurikov, Museum of Russian Art, Minneapolis, MN, Museum of Russian Art mission in international cultural exchange
10:20 am -10:40 am – Coffee break
10:40 am -12:00 pm – Business opportunities and technology innovations
- John Pournoor, 3M Corporation, St Paul, MN, Solving National Needs and Creating Public Value
- Robert Gaiiuliin, Tatarstan Trade Mission, Washington D.C., Business opportunities in Tatarstan
- Vasily Kutsakov, Skolkovo Foundation, Moscow, Russia, Skolkovo Foundation: How experts and enterprises abroad can get involved
- Todd Lefko, International Business Development Company, Minneapolis, MN, Possibilities in the Russian water sector
2:00 pm – 3:20 pm – Technology innovations and academic partnerships
- David Williams, Cheval Partners, Minneapolis, MU,Building innovation ecosystems- durable business services to support and grow innovation
- Kendrick White, Marchmont Capital, Nizniy Novgorod, Russia, Connecting Russian universities to global business – the new International Proof of Concept Association (IPOCA) as a mechanism to develop cross country collaboration
- William Petuskey , Arizona State University, AZ, Opportunities for internationaleducation, research and technology innovations at Arizona State University
- Liliya Kiryanova and Sergey Zamyatin, Tomsk Polytechnic University, Tomsk, Russia, Partnership opportunities with Tomsk Polytechnic University
- Yuri Kistenev and Aleksandr Zamyatin, Tomsk State University, Tomsk, Russia, Partnership opportunities with Tomsk State University
3:20 pm – 3:40 pm – Coffee break
3:40 pm – 5:00 pm – US – Russia partnership proposals and opportunities
- Leonid Grichiner, Russian Publishing House “Zerkalo”, Minneapolis, MN, Introduction to Russian-speaking business community in Minnesota
- Alexandra Johnston, DFJ Aurora, San Francisco, CA, Russia-USA business
- Partnership: A view from Silicon Valley
Vlad Pavlov, RollApps, Palo Alto, CA, rollApp’s experience of offering application virtualization platform in the USA and Russia: similarities and differences between the two markets
- Alexander Shalumov, Presidential Academy of national Economy and Public
- Administration, Automated system ASONIKA for electronic device design and reliability:Expending international research and business opportunities
- Tatiana Tatarchevskly, University without Borders, New York, On-line education and social entrepreneurship: Internet platforms for international collaboration
October 9, Friday 10:30 am – noon; CSOM, room 1-127
- Thomas Bruns, United States Commercial Service, Washington D.C., Overview on Russia market and economy
- David Edmiston, United State Commercial Service, Minneapolis MN, Overview on Commercial Services Organization and examples of facilitating international business
- Round table discussions on Russia’s water and wastewater treatment Sector.
- Moderators: Steve Riedel, Minnesota Trade Office, and Todd Lefko, International Business Development Council.
1 pm – 2:30 pm; CSOM, room 1-135
- Panel on E-Learning as a Vehicle for U.S.- Russian Collaborative Projects in Social Entrepreneurship, Education, and Science
- Moderators: UMN, UMD, University without Boarders
2:30pm – 4:30 pm; CSOM, room 1-135
- Panel on International Corridors and Innovation Centers
- Moderators: David Williams, Cheval Partners; Kendrick White, Marchmont Capital
See images from the event at:
- Learning & practices my research was finding in the development of innovation economies around the world.
- How a variety of funding models needed to be integrated at different stages of the innovation lifecycle of centers to create a sustainable and more scaleable model
- Work I was exploring with economists around new areas of global exchange. This is a large topic that is looking at new forms of international exchange beyond basic trade and transactions that is built to create sustainable innovation collaboration and all the talent, investment, and resources required. It also embodies a new language around exchange to describe new business and revenue models around an innovation economy.
- Designing global platforms to facilitate collaboration and integration of innovation centers. This was another broad topic spanning a range of platforms ( like digital ) to a host of others required to support the broad spectrum of exchange resources.
- A brief overview of international funding activities to support the build out of these shared services.
I was a speaker / members at the KPMG Innovation Council meeting in Minneapolis today. I’ve attended several of these meetings in the past and it is a large group of Innovation and Technology directors from the twin cities. My talk was focused on Innovation trends and the impact and key capabilities needed to be developed by corporations. This was a great topic to involve this audience in as the Q&A really got the audience participating and sharing what their orgs are doing or how they are approaching key challenges.
Some insight that where shared by the group:
- Most of the organizations realized that innovation was becoming a key competency to remain relevant and competitive.
- Most organization where underway, but struggling to find the right organizational model.
- Many only had a small skunk works team.
- Almost all lacked the major capabilities of a mature innovation competency.
- Many struggled with funding and ROI metrics.
- Many acknowledged they did not have a culture that understood risk/reward, exploration, iteration/pivot, or failure/learning in general. This greatly complicated how people in the innovation areas where treated and the reward/punishment dynamics.
- Most looked at innovation as an internal function and there was a lot of questions about my examples of corporate collaboration & co-opition. Though several did say they were starting to put a focus on looking for start-ups.
- Most didn’t have formalized venture funding models.
One of the other speakers showcased the partnership between Optum, Mayo, and UMN around data sharing and analytics in health care. As I was working at the UMN, I had some insights into this collaboration. This was a great supporting example of how multiple entities could combine assets in a co-opition model where all would benefit and drive their respective business together. The analytics demo they showed was an amazing example of data visualization of healthcare information. They where able to visual show patterns and track cause and effect of various conditions and procedural outcomes. Given they are so far ahead in this area it suggests that some significant disruptions could be coming to the health care industry sooner than later. Especially when you could see correlation to what insurance pays for and what actually works and the impact or lack there of around pharmaceuticals.
We also had a presentation from the State of MN CIO and Director of Innovation covering their initiatives around public data. Their goal is to create improved access, integration, and APIs to the public data sources of the state and support the eventual crowdsourcing uses of this data through promotions and contests. At Microsoft I had worked with a number of companies that where following this model of making some of there data public. The results I saw where very impressive in terms of the partnerships it attracted and the fantastic solutions that the contests produced that became new solutions for the company.
This group tends to meet quarterly and I’m looking forward to continued participation in the group!
- Douglas Terrier, Chief Technology Officer NASA: spoke on the global innovation culture NASA supports and in core to its mission. NASA is truly in the business of innovation literally going where no-one has gone before. NASA engages industry and academics around the globe and brings them together in new ways to solve exceptional challenges. These examples illustrated a path that corporations, universities, and governments need to develop to maintain sustainable relationships for mutual & shared value. The challenges that NASA is taking on make the current world’s grand challenges seem solvable with mutual benefit and collaboration.
- Sharon Wong, Cisco: Launched the British Innovation Gateway creating some of the first accelerators in the UK. They are running large competitions engaging broad groups of start-ups and corporate partners. The are incorporating recognition, Promote and Reward aspects into their own culture to promote innovation.
- Innovation requires cultural change
- Collaboration within and outside of the organization is essential
- Failure and pivoting is the most valuable part of exploration
- Disruptive innovation is not the same as creating new markets
- Innovation is opportunity centric not goal centric
- The best ideas and opportunities can come from anywhere around the globe
I was one of many speakers participating in the conversation about bringing the World’s Fair to Minnesota. The breadth of perspectives on the potential benefits was quite diverse. Speaker topics ranged from economics, global branding, talent, academic, innovation etc. The session concluded with a Q&A format exploring the key steps, challenge and obstacles for hosting the fair.
Some of the challenges identified:
- US withdrew from the Expo community over global politics. There has not been an expo hosted in the USA since, so policy has to be reversed to pursue
- There is a international bidding process where cities compete to win the fair. MN is targeting 2023 vs one of the more contest years like 20 or 25. The bid process has begun already both with the IEB and with other cities that have moved further down the process for other years
- There is concern over funding – some expo’s have lost money
- There is concern over the location – with a state wide fair, would their be multiple destinations
- There is concern over the infrastructure – this creates a great opportunity to invest in improvements in road, air and rail for the state
- There is concern over repurposing the structures after the fair – again, with planning, expos have revitalized areas of cities and created new buildings repurposed for trade, innovation, education, etc creating new regional assets
At this time the community has been meeting about one a month to develop the conversation and gain feedback into the process. Stay tuned as plans develop.
See more speakers from the event: https://www.pinterest.com/davidiwilliams/umn-economic-development/