In 2014 the Central, Louisiana Economic Development Alliance (CLEDA) engaged RTS to examine the shape of the future CLEDA regional economy – the industries that will define it, the jobs that will be needed to drive it, and the workforce development system that will produce the talent and skills to fill those jobs with qualified people. CLEDA and RTS then crafted a set of recommendations on how the region might better organize itself to deliver the talent it needs to realize the future it wants. This project takes one of the five major recommendations from the 2014 report off the drawing board and into action. This report offers a demand-driven, best-practice based blueprint to launch and support a connected, coordinated and comprehensive work-based learning system that will deliver the higher level skills and talent that Cenla business and industry will need to prosper.
Archive for the ‘Current Projects’ Category
Driving Innovation and Growth for Los Angeles Bioscience: A Plan to Identify and Implement a Dealmaker Firm-to-Firm NetworkTuesday, February 2nd, 2016
RTS, in concert with its partner, CommonWeal, LLC is identifying, analyzing and animating the network of serial entrepreneurs and investors (Dealmakers) within the Los Angeles region’s biotechnology cluster to support the Los Angeles Economic Development Corporation’s engagement with the County of Los Angeles to deliver an implementation plan to support the cluster. This CommonWeal/RTS effort will focus on connecting the bioscience Dealmaker network to key assets within the development strategy and implementation plan to support value creation, business formation and growth, technology transfer activities, commercializeable research outcomes, talent development et al. The basis and driver for the overall approach employed for this analysis is a proprietary analytical tool– the CommonWeal DealMapper - that delivers big data-driven detailed insight into the dynamics of entrepreneur, investor, and company networks that power new value creation within economies.
Understanding the Strength of our Entrepreneurial Ecosystem: A Dealmaker Network Analysis of the Nova Scotia EconomyTuesday, February 2nd, 2016
RTS, in concert with its partner, CommonWeal, LLC is identifying and analyzing the network or serial entrepreneurs (Dealmakers) in Nova Scotia and then mapping the connections among these individuals and their associated companies within each major industry sector. The project is being performed for Dalhousie University’s Norman Newman Centre for Entrepreneurship (NNCE) in support o their project to strengthen the Nova Scotia’s economy’s entrepreneurial ecosystem. The basis and driver for the overall approach employed for this analysis is a proprietary analytical tool– the CommonWeal DealMapper - that delivers big data-driven detailed insight into the dynamics of entrepreneur, investor, and company networks that power new value creation within economies.
The Duke Energy/UNC Chapel Hill Charlotte-Research Triangle Business-to-Business Bridge (B3) InitiativeTuesday, February 2nd, 2016
For this project, as a subcontractor to the UNC Chapel Hill Kenan-Flagler Business School’s Center for Entrepreneurial Studies, RTS led the technical effort to identify, analyze and map industry networks of serial entrepreneurs, investors (Dealmakers) and associated companies within the Charlotte and Research Triangle regional economies. These networks were mapped for each industry sector and then individual Dealmakers with concurrent equity positions in both regional economies were identified to serve as business-to-business bridges to support a new framework to foster a comprehensive Charlotte – Research Triangle entrepreneurial network.
This report was prepared by CommonWeal/RTS team to support the Symbion Entrepreneurial Learning Lab’s (EL2) project with the Danish Industry Foundation to investigate networked approaches for building the entrepreneurial social capital of Denmark with the goal of facilitating higher firm startup, growth and earnings performance and accelerated capital formation within key industry clusters and sectors while also extending international reach within these networks across all regions. It includes a country-wide, industry sector by industry sector Dealmaker network analysis, a Dealmaker diaspora analysis that identifies concentrations by city, region or country of Danish expat Dealmaker university alumni and Danish expats who in the past served as senior executives of the top 100 leading business enterprises in Denmark. Complementing this diaspora analysis was a comprehensive review of the financial flows from and to Denmark from both Europe and the United States. While the diaspora analysis seeks to understand the concentration of Danish affiliated individuals who may be leveraged to enhance business-to-business relationships, the financial flows will show the extent to which business-to-business activity is correlated with financial transactions in the area of mergers, acquisitions, and private placements of private equity. Based the this information CommonWeal then crafted a strategy to support the development of the Danish Dealmaker network and an assessment tool to track the network’s progress.
This report, prepared by Regional Technology Strategies (RTS), delivers information and analysis to Kauffman Foundation’s Innovation Fund America (IFA) and its partner, Long Beach City College (LBCC) to support their pilot project to establish a new approach to advance innovation and entrepreneurship within the U.S including the creation of its own pre-seed fund, the LBCC Innovation Fund. IFA engaged the RTS research team to use the CommonWeal Dealmaker DealMapper tool to produce a database of serial entrepreneurs and investors within the overall LBCC Los Angeles service area and then to mine this database to find the region’s most robust entrepreneurship networks and identify the connections and relationships among the individuals and companies that define these networks.
It’s been over 10 years since RTS identified, analyzed and mapped Montana’s emerging bioscience cluster as part of a larger industrial cluster project for the Governor’s Office and Economic Development. This effort led to the creation of the Montana BioScience Alliance (MBSA) to support the growth and continued development of the cluster.
In 2012, RTS was commissioned to update its analysis of the composition and structure of Montana’s bioscience cluster and to survey the MBSA membership base to pinpoint its most pressing business issues and identify what services MBSA should offer its member companies going forward. The results of the bioscience cluster composition update and of the membership needs assessment are summarized in this edition of the MBSA directory along with a message from Montana’s new governor, Steve Bullock, a story on this year’s inductee into the Montana BioScience Hall of Fame and a review of MBSA and cluster developments by MBSA Executive Director, Sharon Peterson.
The 2013 Montana BioScience Directory and can be downloaded here.
One of the most viable sectors in America’s manufacturing base is food production. A growing demand for local, sustainable, and artisan foods has generated new economic opportunities for small-scale food growing and production, from artisan cheeses to microbrews, in both rural and urban areas. The result is an emerging demand for new skills and knowledge, and community colleges reach a broader population base than do the current programs that are available through land grant colleges, cooperative extension, or agricultural organizations. Since sustainable food systems is a new area for most community colleges, to make it easier for them to test the waters, the Alliance for Sustainability has produced a new web site providing access to information about community college-level courses in all aspects of the sustainable food systems value chain (http://www.growgreened.com/). Created with a grant from the Appalachian Regional Commission and support from the Ford Foundation, the site enables community colleges to more easily and cost-effectively develop or expand programs for careers in sustainable food systems.
The Mississippi Economic Council in cooperation with the state’s citizens and private sector is building a collaborative vision for moving the state’s economy and community forward. The process, known as Blueprint Mississippi 2011, has led to the development of a series of goals and recommendations on education, the economy, diversity, financial resources, health, infrastructure and other key areas.
A top focus is the creative economy. The following creative economy strategies are based in large part on the study we completed with the Mississippi Development Authority and the Mississippi Arts Commission Development. The reports are available here and more on the effort is on the Mississippi Creative economy website.
- Support the goals in the report, Mississippi’s Creative Economy, released by the Mississippi Arts Commission with the Mississippi Development Authority:
- Facilitate efforts that make communities throughout the state more creative and vibrant.
- Promote entrepreneurship and small business growth among creative firms.
- Help communities preserve and generate added value from cultural and historic heritage.
- Enhance the competitiveness of the state’s businesses and industries through increased use of art and design.
- Enhance the support and networking infrastructure for creative talent across the state.
- Build capacity to grow and retain creative talent living and working in Mississippi.
- Develop tools and strategies to support growth throughout the tourism industry.
The Jackson Clarion-Ledger has an interesting article on the work we recently completed for the State of Mississippi. We are presently preparing additional vignettes and updating the data in a follow-on contract with the state.