Thursday, April 26, 2012

InnoVenture 2012

Register to attend InnoVenture 2012 through EngenuitySC using the code ENG2012 for a special rate of $249 and hear how Columbians (and EngenuitySC) are making an impact throughout the southeast. Representatives from Columbia will include:

EnduringFX Award011 Ideas Contest Winner 
Karl McCollester  from Voterheads, FastTrac Tech Venture Graduate 

Nab Aggarwhal from Weylchem Sustainable Materials, 2010 Fuel Cell Challenge Winner 
Jim Stritzinger from EnduringFX,EngenuitySC Ignite 2
Dirk Brown from the Faber Center for Enteprenership and friend of EngenuitySC 

The conference agenda is organized around a series of opportunity presentations in mobile services, health innovations, materials/manufacturing and sustainable systems.  Keynote speakers include Jack Nobles, Principal Investigator and Design Engineer in Boeing’s Research & Technology facility and Dr. Spence Taylor, Vice President for the Academics and University Medical Group Executive Medical Director at Greenville Hospital System.  Over 250+ people have already registered, don’t miss out on this exciting opportunity! 

We'll be sending a few folks from the EngenuitySC team up to Greenville to represent, so if you're in the area and want to grab dinner, talk shop in the tech/economic development world, or just hang out and grab a drink and let us get to know you, just send Frank Avery an email! 

Tuesday, April 24, 2012

April 2012 - We're not ones to brag, but...

If you aren't receiving our newsletter, check out below to read the latest news you've been missing in Columbia. Then subscribe to the list!

Science Cafes draws 100 for nuclear talk, NuHub doubles odds for first SMR in Columbia SC, Incubator Launches CETI for Serious Entrepreneurs, Fuel Cell Collaborative Heads to Toronto

April 2012 - We're not ones to brag, but...
It's not often you experience a month where the fruits of your labor are so boldly thrown in front of you. And yet, this past month we've seen just that with the announcement of the launch of the Center for Entrepreneurial Technology Innovation over at the USC-Technology Incubator, a cover story in this month's tech-based Columbia Business Monthly with a few "EngenuitySC" namedrops from our more entrepreneurial friends, a Science Cafe that drew nearly 100 engaged Columbians to talk nuclear, and two firms that selected EngenuitySC project NuHub as partners for a nearly half billion dollar federal grant opportunity.

So, we're not ones to brag normally but... It's been a pretty good month for us and friends of EngenuitySC. Scroll down for more on the stories mentioned above!



This month, EngenuitySC welcomed over 100 Columbians to the Capital City Club to talk nuclear power and its biological effects with Dr. Timothy Mousseau. It was our largest Science Cafe this year. Mousseau, a respected biologist who serves on panels for the National Academy of Sciences, shared his research and perspectives from his work at nuclear disaster sites Chernobyl and Fukushima and chatted with proponents and opponents of the technology.

Our next Science Cafe will feature Dr. MVS Chandrashekhar (We couldn't pronounce his name either) to talk about graphene. As Tim put it at our April meeting, it's "the next exciting thing" in the alternative energy world. Learn more about this exciting alternative energy when you register today!


Ignite 2012 - Save the Date...

Why's the room feel so hot all the sudden? It's the growing flame for this year's Ignite 2012... Miss all the action from last year? Didn't get a chance to start something with us? Get a recap at our YouTube, courtesy of our friends at Dinobrite Productions, straight from all the movers and shakers in attendance.

Ignite 2012
November 14, 2012

Then, mark your calendars and come start something with us!

Knowledge Economy Events

NuHub Welcome Breakfast - SMR Conference: Apr 24, 7:15am-8:15am, Embassy Suites-Greystone in Greystone Hall
2nd Annual Nuclear SMR Conference: Apr 25-Apr 25, Embassy Suites-Greystone
EngenuitySC Braintrust (Board of Advisors) Meeting: Apr 26, 5:30pm-7:00pm, EngenuitySC Office - Contact Franklin Buchanan if interested in attending
Tech After Five: May 2, 5:30-7:30pm, Carolina Ale House
InnoVenture 2012: May 8-9, TD Convention Center, Greenville, SC
Fuel Cell Collaborative @ WHEC 2012: June 3-7, Sheraton Downtown, Toronto

Columbia Contingent of Entreprenuers and Movers Headline InnoVenture

Register to attend InnoVenture 2012 through EngenuitySC using the code ENG2012 for a special rate of $249 and hear how Columbians (and EngenuitySC) are making an impact throughout the southeast. Representatives from Columbia will include:
EnduringFX Award

We'll be sending a few folks from the EngenuitySC team up to Greenville to represent, so if you're in the area and want to grab dinner, talk shop in the tech/economic development world, or just hang out and grab a drink and let us get to know you, drop me an email!
Greg Hilton

USC-Tech Incubator Launches CETI

The USC-Technology Incubator officially launched its Center for Entrepreneurial and Technological Innovation this past weekend. The group announced Greg Hilton as the Center's new executive director. The move comes as part of USC-Technology Incubator Executive Director Ron Loewen's plans to instill a new life into the downtown area's startup facility which currently hosts over 40 firms.

Hilton will focus on invogorating the entrepreneurial culture in the Incubator while leading and developing various mentorship programs for aspiring entrepreneurs.

Read the official announcement at
NuScale SMR

NuHub Selected by NuScale and Holtec to Pursue $452M for SMR

NuHub has partnered with NuScale Power, LLC and Holtec International in two separate agreements to pursue one of two federal grants from the U.S. Department of Energy’s (DOE) recently announced federal award totaling up to $452 million to support engineering, design certification, and licensing for up to two first-of-its kind SMR designs at Savannah River Site. SMRs represent a new class of nuclear reactors, offering improvements like reduced capital cost and scalability.

Partnerships with the vendors were announced last week with NuScale and today with Holtec at NuHub's Welcome Breakfast for attendees at the 2nd Annual Nuclear Energy Insider SMR Conference.
WHEC 2010

Fuel Cell Collaborative Heads to WHEC 2012

The USC-City of Columbia Fuel Cell Collaborative heads to Toronto this summer to share Columbia's fuel cell leadership on the global stage. WHEC represents one of the largest global conferences for hydrogen and fuel cell professionals in North America and the world with previous conferences in Germany, Scotland, India, and Japan.

FCC is planning a major industry announcement at the Tuesday morning networking break (see page 6). If you're attending the conference and want to learn more about the Collaborative and how to get involved, we will be at booth #512 adjacent to the NRC Internet Cafe or contact Frank Avery at EngenuitySC directly.

Copyright © 2012 EngenuitySC, All rights reserved.
You are receiving this message because you have subscribed to mailings from EngenuitySC. If you have received this message by mistake, you may unsubscribe at any time using the links below the address.

Monday, April 23, 2012

U.S. Cities Continue to Drive Global Economic Growth, Innovation, According to Reports

Despite the attention given to emerging metropolises in the developing world, large U.S. cities will continue to power the global economy over the next 15 years, according to a new report. McKinsey and Company examined the economic performance of the 259 "large" U.S. cities, cities with populations of 150,000 or more. In 2010, these cities generated almost 85 percent of U.S. gross domestic product (GDP), making large cities more important to the U.S. economy than in Asia, Latin America or Western Europe. A separate recent effort to breakdown the qualities of successful entrepreneurial cities ranked eight U.S. metro areas among the top 25 global startup ecosystems.

Two U.S. cities, New York and Los Angeles, rank in the elite tier of cities with more than 10 million inhabitants. Accordingly, these cities contribute greatly to U.S. GDP. However, the U.S. mega cities do not seem to be decisive in the importance of cities in the U.S. economy. Instead, the remaining 257 large cities are the focus of the McKinsey report, which observes that these cities dominate the U.S. economy because they represent an inordinately high percentage of the U.S. population (80 percent) and have a significantly higher GDP than smaller cities and rural areas. The ability of these cities to compete at a global level will be key to American competitiveness through 2025, according to the report.

While individually the 257 "middleweight" large U.S. cities have had uneven and disparate paths over the past few decades, in aggregate they represent a remarkably diverse and robust set of regional economies. Differences in the growth patterns of cities seems to suggest that there is no single path to economic success, but the authors argue that local leaders are best positioned to create strategies at the regional level that can help cities find the unique mix of industries and collaborations that foster economic growth. They suggest that, because of the country's unprecedented reliance on large cities, the federal government find more opportunities to collaborate with regional partners in its economic development initiatives.

Another McKinsey report last year estimated that 2 billion people, a quarter of the global population, would live in the world's 600 largest cities in 2025. Today, only about 1.5 billion people (22 percent of the global population) live in these cities. In 2025, about 60 percent of global GDP will derive from the top 600 urban economies. McKinsey plans to issue an update of the Urban World report in the next few months.

A new index and research initiative is attempting to break down the various factors that turn a large city into a thriving bastion of new ideas, entrepreneurs and companies. The Startup Genome Project outlined 22 factors that set strong startup ecosystems apart from other cities, and that have positioned some regions at the forefront of innovation for decades. By identifying these factors, the project is attempting to distill the unique blend of strengths that give each of these ecosystems their character.

In a recent blog post, researchers began by laying out the top 22 global startup regions and the 22 factors. The top five startup ecosystems include Silicon Valley (San Francisco, Palo Alto, San Jose and Oakland), New York City, London, Toronto and Tel Aviv. Los Angeles is ranked sixth. Other U.S. cities on the list include Seattle, Chicago, Boston, Austin and Washington D.C.. Some of the factors include risk profile, product types and market types.

By combining these two lists and examining the factors at work in each city, the researchers are identifying why and how these cities succeed. For example, Silicon Valley stands out for its extremely high startup throughput, its plentiful early stage funding and its high risk entrepreneurs. New York entrepreneurs are also high risk, but more diverse and tend to focus on niche markets.

The Startup Genome Project plans to continue collecting data on the top 25 and other startup ecosystems, releasing regular mini reports on this phenomenon, and eventually a more comprehensive report on their work.