Strategic Considerations in Leading an Innovation Ecosystem

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.