The Future of 
University Research Parks and 
Innovation Regions
Technology business retention
Severe short-term translational financing
Investing locally (local VC and angel funds)
Foreign investment in US research parks
Trend away from tenants owning space to flexible arrangements
Current economic crisis  - does it increase or decrease the value of public-private partnerships?
TRADITIONAL PRIVATE REAL ESTATE INVESTMENT
DRIES UP FOR AN EXTENDED PERIOD
Need for equity to build up finance
International soft-landing spaces
Potential need for parks to pool marketing, image resources for impact
Need federal role/leadership in tech-led development
States and potentially local governments become larger funders of basic research and innovation infrastructure
need for more collaborative spaces
UNIVERSITIES ARE ECONOMIC DEVELOPMENT DRIVERS
Demand that parks are green and sustainable
LEED/green building emphasis
Clean, green and everything in-between
Shift in economic development models - towards new innovation and emerging companies
Universities and their research parks need to engage local and regional economic development agencies
Make university resources and talent open to other enterprises
attract/keep more scientists
embrace work force mobility
broadening and diversifying faculty career paths
tenure is changing to include entrepreneurial activities
how can research parks become part of STEM education solution?t
physical space vs. virtual workers
virtual meetings and telepresence becomes the norm
"ephemeral" space as people come and go from businesses
evolve the research park to the "economic park" model
what new infrastructure is needed to accomodate new styles of collaborative work?
more startups form as big comapnies push people out during recession
"boutique parks" - small, highly focused in specific technology areast
mini research parks - tech focus, community competency
innovation happens at the edge of big forms, not the core
change in facility requirements for labs: more modelling, less wet bench. BSL 4/5
incubators and spaces to accomodate spin-offs
need more sophisticated research park & technology managers
role of park manager changing to total community development
number of places really attractive to top talent declines
research parks no longer on the margin
must grow international linkages between parks
emphasis on innovation cycles, and how to time to them
univeristy and community working as one (town/gown relations)
research parks as part of an innovation coalition
tech transfer
incubators
SBDCs
research VPst
Leadership: univeristy presidents pipeline to embrace and understand the balance between education and innovation and economic development
think of research parks as infrastructure
aging infrastructure in research parks - need to encourage redevelopment and re-investment
aging park facilities and infrastructure
REGIONALISM AND NETWORKS
regional technology alliances
multi-state park networks in the US
regional research park coalitions
multi-university parks
partnerships among parks for sharing assets and competencies
tenants - diversifying and complex needs and requirements
parks become more focused on teaching and training in addition to R&D
the research park coming on to campus
definiton of science and technology park changes - from park to mixed use
mixed use opporunities
LIVE/WORK/PLAY - RATHER THAN JUST R&D
provision of amenities
Alexandrization of research park business
univerisities as developers?
knowledge communities - not just parks
research parks as mixed use technology communities - R&D, lifestyle, learning
energy
food & water
community engagement to build support for parks
globalization/international collaboration
more localization of enterprise (proximity matters)
international teams
increased collaboration via Internet and video conferences
addressing the deficit of skilled scientists and engineers in the US
growing anti-intellectualism in the US
bringing the next generation to scientific careers
Science, math and technology education (where will the scientists come from?)
lack of US students entering STEM fields
work force and early childhood education
increasing flow of human capital to research centers around the world
nanotechnology
clean/green technology
energy alternatives and energy conservation
bioinfomatics
SUSTAINABILITY BECOMES A MINIMUM THRESHOLD IN DEVELOPMENT
administration seeking new solutions and prepared to lead with technology in an enhanced role
much greater equity requirements will slow short-term growth
big investments in public infrastructure including research parks
blunt tools: larger federal R&D outlays and tax incentives
regulatory harmonization efforts
protectionism likely to increase in developed countries
more public ownership of economic assets
more acceptance of change
emphasis on grand engineering challenges such as making solar power accessible
paradigm shift
applied to basic
speculative to intrinsic enterprises
science funding increases
increasing amount of venture funding investment
slower buildup of wealth changes motivations
US R&D in a multi-polar world
massive research park investments in Middle East and Asia
what is the role of culture in innovation?
expect amazing energy breakthroughs
expect energy wars
entrepreneurs drive innovation
big indsutry seeking R&D from emerging companies
big companies looking externally for research
NEW INNOVATION SYSTEMS
open science, open innovation
open science communication
less protection of IP
tneed to link research to everyday needs: environment, security, health
emphasis on applied research
NEW MOTIVATIONS
challenges in public financing of research facilities at parks and universities
focused research due to financial constraints
speeding products to market
industry need to be nimble/able to adapt
more translational research: from bench to support markets
inter-institutional research collaboration
need to break down silos 
institutions
countries
disciplines
more multi-disciplinary
continued trend towards cross-disciplinary collaboration
Cities are increasingly the center of research activity, around the world
knowledge workers increasingly cycle through different enterprises
population changes (e.g. Baby Boomers)
diversity leads innovation
aging population changing labor market dynamics
international recruitment of knowledge leaders
mobility of young scientists will increase
where the money is coming from vs. where the talent is
"globalpolitans"
knowledge workers locate for quality of life
knowledge workers change disciplines
China: consumer growth slower than expected
management of uncertainty
integration of R&D process into community development
Workshop Participants
We asked each participant to introduce themselves, and tell us their life story in just 6 words.
Ron Kysiak
Public service, father, son, responsibility, friend.

Bill Dean
Piedmont Triad Research Park
Research park person who builds "the need" for real estate, not the real estate

Greg Deason
Purdue Research Foundation
Roots, passion, priorities.

Amy Lubas
Centennial Campus
Convince companies to partner with the university.

Liz Rooks
City planner, Research Triangle, mother.

Bruce Wright
University of Arizona
Stubborn & persistant in technology commercialization.

Pierre Belanger
Bellatech
Father and grandfather, typical career, diplomat, science park manager, innovator, consultant.

Rick Weddle
Research Triangle Park
Lead/drive progressive change in people & places.

Anthony Townsend (co-facilitator)
Institute for the Future
Play around online, call it research.

Fernando Quezada
Biotechnology Center of Excellence Corporation
Mexico, Boston, biotech, innovation, education.

Bob Wilhelm
UNC Charlotte Research Institute
University, leader, professor, entrepreneur, cook a lot.

Alex Pang (co-facilitator)
Institute for the Future
Science historian turned futurist of science.

Ernest Paylor
WorldTech International
Geologist turned "rocket scientist" now businessperson.

Vernon George
George, Henry, George Partners
Econmoic consultant, technology development, finance for achievment.

John Merrill
Gateway University Research Park
Hang with smart people, hope it sticks!

Charlie Dilks
Innovation, adventure, urban renewal, relationships, travel.

Brian Darmody
University of Maryland
Entrepreneurial bureaucrat.

Luis Sanz
International Association of Science Parks
A guy whose job is a priviledge.
UPDATING PARKS
"THIRD PLACES" FOR SCIENCE
think tank-type flexible, collaborative spaces
VIRTUAL SCIENCE AND INNOVATION
TRANSDISCIPLINARY RESEARCH
FUTURE TECHNOLOGIES
US LOSING LEAD IN
ADVANCED SCIENCE
CHANGING SCIENCE WORKFORCE
ECONOMIC FACTORS:
WHERE WILL RESEARCH FUNDING COME FROM?
(C) 2008 Institute for the Future and Research Triangle Foundation