Strategic Considerations in Leading an Innovation Ecosystem

Abstract

The Georgia Institute of Technology has been a catalyst
for economic growth in the Southeast United States since its
founding in 1885. Over the past 30 years, it has become known
as one of the top technological universities in the world. As part
of a strategic planning effort commenced in mid-2009, it sought
to strengthen its thought leadership and impact through the
development and implementation of an innovation ecosystem
strategy. The Institute serves as the integrating focus within its
region to promote (and provoke) disruptive thought, use-inspired
research, experimentation, and accelerated implementation
through novel educational, research, and industry partnership
programs. Since 2009, there has been a marked increase in
economic development impact. This paper describes the guiding
principles, strategy, innovative programs, benefits, and lessons
learned associated with a regional innovation ecosystem.