Catalyzing world-class economic growth: the role of local entrepreneurial organizations featuring Greg Pogue and Jonathan Alba of the IC2 Institute at The University of Texas at Austin.
What if I told you all you need is a napkin and a pen to create the economy of the future? Legend has it that Dr. George Kozmetsky did just that when he created his plan for Austin. The key next step was creating the IC2 Institute as a catalyst for regional economic growth. By focusing on its key assets and values, Austin transformed from a sleepy college town into a world-recognized economic hub. Today, many communities and their entrepreneurial organizations face the same problems that Austin did in the 1980’s as it began its re-invention: an ongoing economic crisis, difficulty to retain young talent, inadequate access to capital, and poor alignment of governmental, industrial, academic and social organizations to pursue coordinated economic development goals. The principles learned by IC2 show the key role entrepreneurial organizations play in economic change and growth. Among the 43 countries IC2 has shared its learnings, the stories of small cities in Northern Sweden, all near or above the Arctic Circle, are most impressive. We have studied the progress of Luleå, Piteå, Skellefteå, and Kiruna over the past eight years and will present how embracing regional values and key environmental and human assets can create organizational alignment, a fitted innovation economy, and lead the EU in key metrics.
Join this session to hear more about the role entrepreneurial organizations play to drive economic development through understanding, aligning and engaging key community values and assets. What does it mean to find the “soul of your city?” How can you drive systems level goal setting? How do you manage growing pains? We will detail best practices emerging from Austin’s journey that you can apply.