The project will establish the Research, Entrepreneurship and Commercialization Hub (REACH) as a service network to organize, coordinate and expand technology and research commercialization programs, resources and expertise that exist within universities, agencies, organizations and individuals. REACH will function as a Northwest Florida regional innovation / proof of concept center and venture development organization by providing access to the full range of regional commercialization services and strengthening our technology commercialization brand. This will be accomplished by mapping the existing innovation ecosystem and capabilities, networking them through coordinating committees and capacity development, and developing new resources and outreach activities.
What’s the project? The project will develop a network of support programs and services for growing technology commercialization entrepreneurs and businesses in order to accelerate the growth of Tallahassee’s innovation cluster and increase economic diversification. Domi will apply proven processes and best practices using an approach tailored to the Tallahassee region’s existing innovation ecosystem, capturing and leveraging the tremendous research talent through an end to end technology transfer process. Using a “network hub” approach, these activities will organize an array of existing local government and university capabilities and programs into a structured support network that aligned with startup formation and technology commercialization processes. Our focus is on creating a much more diversified economy in a predominantly governmental economy by identifying talented people and developing and building the skills they need to create and grow businesses. This process will engage and energize the community’s creative class in a sustainable approach that can be maintained and expanded by the partners and stakeholders using existing resources and within current budgets.
Domi proposes to establish the Research, Entrepreneurship and Commercialization Hub (REACH).
REACH will be a regional Venture Development Organization (VDO) to catalog and connect existing programs and services in order to better:
□ Assist faculty, entrepreneurs, startups and existing company with all phases of research, technology and intellectual property commercialization.
□ Organize clusters of services within research (assessing discovery commercial potential) entrepreneurship (developing valid business model) and commercialization (production).
□ Engage, connect and deploy community resources to provide specific services and tailored assistance to entrepreneurs and companies during each development phase.
□ Provide support to member organizations for larger or strategic projects.
REACH will be a venue for developing communication and coordination tools and processes:
□ Asset map and fully identify resources, services and capabilities (including commercial).
□ Develop one-stop web-portal that identifies regional resources by development phase .
□ Develop communication and outreach materials to increase local and national awareness of resources and activities – develop regional tech brand.
□ Conduct period workshops, symposiums and outreach events.
□ Identify and pursue federal, state and program and foundation grant and program funding opportunities to support regional technology and cluster development.
REACH will operate with very lean overhead through “cloud computing” approach.
□ Established as an activity under a Joint Economic Development Initiative (JEDI) established by a memorandum of agreement between the agencies and organizations.
□ Managed by a coordinating committee of representatives from key organizations.
□ Each organization designates at least one individual to serve as point of contact.
REACH applies best practices identified by the U.S. Dept. of Commerce on university innovation ecosystems and regional innovation cluster development. It organizes and exploits Tallahassee/Northwest Florida research and technology commercialization resources that exist within universities, economic development agencies, local governments and not for profit organizations. Networking, coordinating and organizing these tools will enable researchers, entrepreneurs, startups and expanding businesses to see what is available and know how to access it. These resources will be grouped by the different stages in the commercialization process and linked to form a seamless pathway from lab to market.