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Technology, Treasure, and Talent: Tools to Build the Knowledge Corridor’s Ecosystem Innovating With Purpose Dr Mark Maybury Chief Technology Officer For Those Who Make The World™ Since 1843 Tools for the Knowledge Corridor Technology Treasure Talent • • • • • • • $2T Globally US Lead ($527B) China Rising ($429B) GE, UK, FR, Japan, SK Asia 43% Global R&D Industry primary driver Key investments: • Biopharma • Robotics • AI • Cloud computing • Autonomy (Auto, UAS) Scientists & Engineering/Million People Treasur e R&D as % GDP Technology: 2018 Global Manufacturing Startups Manufacturing and Robotics $38M Exits Map: Global Connectedness of Startups Source: 2018 Global Startup Ecosystem Report Connecticut Strengths US News Rankings Great Place to Live and Raise a Family #4 Education #8 Crime & Corrections #12 Healthcare Beacon Hill Institute #5 Technology #9 Openness #10 Security #14 Human Resources #3 Education CNBC #7 Workforce #13 Technology & Innovation Forbes #5 Quality Of Life American Robin History of Innovation and Center of Manufacturing 1701 1639 CT forefathers drafted “Fundamental Orders,” becoming the first colony to adopt its own Constitution While living in Connecticut, Igor Sikorsky designed and piloted the first helicopter in the United States Connecticut resident Eli Whitney invented the cotton gin, leading the way into the industrial revolution Yale University is the third oldest university in the United States 1794 1832 Quaker teacher Prudence Crandall created 1st integrated schoolhouse Frederick Stanley founded Stanley in New Britain, CT 1939 1843 1844 1945 1954 12k Corsairs Connecticut businessman and chemist Charles Goodyear invented the process for vulcanizing rubber Pratt and Whitney and Electric Boat made major contributions to the Allied war effort USS Nautilus World’s first nuclear-powered submarine We Manufacture Locally … in Connecticut Stanley Tape Measures New Britain Stanley Access Technologies Farmington Stanley Engineered Fastening Danbury Manufactory Constitution Plaza Hartford WHQ New Britain High Expectations for Industry 4.0 I 4.0 Market $214B by 2023 $3.7T in Value Source: “Industry 4.0: Building the Digital Enterprise”, PwC, Gartner, Morgan Stanley, McKinsey & Company Entrepreneurial Quality We Innovate Globally Network Of Breakthrough Teams New office in Silicon Valley to explore exponential opportunities Innovation Ecosystem Manufactory 4.0 in CT as our epicenter of latest manufacturing technology 10 Play SBD Innovation Video 11 SB&D Open Challenge with Connecticut Innovations Matt McCooe Matt.McCooe@ctinnovations.com • 175 companies in state • 75 companies/year • 25 first-time investments • VentureClash, October 2018 Yale • Open Innovation – Best Startup • $25K SB&D selected winner • +$25K from CI if relocate to CN Healthcare • SB&D-defined innovation areas • DOZR “Airbnb” for Heavy Equipment Batteries Cybersecurity VentureClash winner landsdowne laboratories Fleet Info Man ventureclash.com/open-innovation-challenge-prizes Data Analytics 12 Launched: July 16, 2018 Where: Hartford, CT Demo Day: 11 October 2018 Bushnell Center 5K+ Events 150+ Countries MATERIALS AND PRINTERS Micron3DP High speed 3D metal printers MetalMaker 3D Affordable/scalable metal 3D Kwambio On Demand 3D ceramics printing Structur3D Multiple, soft materials (e.g., silcone, epoxy) Successful kickstarter NanoQuan Nano-material for electrically conductive plastics (electrical, mechanical, optical, thermal) www.techstars.com/programs/additive-manufacturing-program/ 12k+ 300k+ Mentors Alumni NOVEL PLATFORMS 12B+ Portfolio Market Cap Canada Israel Inventap Ireland Product development platform for NYC hardware (manufacturers + creators) Astroprint CA Cloud Platform for all (ease of use) to make, create and 3D print NEW BUSINESS MODELS Castor Intelligent 3D printing software, Additive manufacturing, determines what to print and cost photogrammetric processing, Calt Dynamics subscription service and Socially beneficial, distributed 3D designers for consumer industry 13 Printing Talent 3rd Oldest University US Coast Guard Academy 30+ Universities 20 Community Colleges Trinity Goodwin Wesleyan US Coast Guard Academy 14 INCUBATORS/ ACCELERATOR/CO-WORKING SPACES EAST HARTFORD • University of Hartford Entrepreneurial Center • University of Hartford Women’s Business Center FARMINGTON • UConn Technology Incubation Program CHESHIRE • Sobon & Associates MIDDLETOWN • MEWS+ • OfficePlace • The Patricelli Center for Social Entrepreneurship (Wesleyan) HAMDEN • Hamden Economic Development Corp - Business Incubator • Quinnipiac University - Entrepreneurship Program • Whitneyville Cultural Commons GROTON • CURE Innovation Commons- Cowork Lab DANBURY • Danbury Hackerspace/Co-Working GUILFORD • Guilford Co-Working BRIDGEPORT • B:Hive Bridgeport • CTech IncUBator@Univ Bridgeport FAIRFIELD • Fairfield Accelerator and Mentoring Enterprise • Fairfield County Makers Guild • The Refinery HARTFORD • Central Row • Hartford InsurTech Accelerator by Startupbootcamp; • MakeHartford; reset; Business Factory & Impact Accelerator; • STANLEY+Techstars Additive Manufacturing Accelerator • ThinkSynergy; University of Hartford Entrepreneurial Center • University of Hartford Women’s Business Center • Upward Hartford NEW HAVEN • Center for Business and the Environment • Collab New Haven • Elm City Innovation Collaborative-Health Haven Hub • Hub55; Launch Haven • Make Haven; Tsai Center for Innovative Thinking at Yale • The Bourse; The District; The Grove Collaborative 15 Our 2030 Corporate Social Responsibility Strategy INSPIRING MAKERS AND INNOVATORS TO CREATE A MORE SUSTAINABLE WORLD EMPOWER MAKERS INNOVATE WITH PURPOSE CREATE A MORE SUSTAINABLE WORLD Enable 10 Million Creators And Makers To Thrive In A Changing World Innovate Our Products To Enhance The Lives Of 500 Million People And Improve Environmental Impacts Positively Impact The Environment Through Our Operations 16 Ramana Film 17 Stanley Black and Decker Network of Contacts SUDHI BANGALORE Industry 4.0 ASHLEY BARON Industry 4.0 Talent MARTY GUAY Stanley Techstars Additive Manufacturing MIKE PRADO VP Global Supply Chain PREHEEPA RAMAN Chief Talent and Innovation Officer ABBY DREHER Director Public Affairs SHANNON LAPIERRE Chief Communications Officer TIM PERRA VP Communications GREG POLK VP Government Relations DEB GEYER Environ, Safety and Corp Social Responsibility 18 Secrets of Innovation • Observe carefully » DaVinci’s hydrodynamics inventions were inspired by rivers, flight machines by birds, Mona Lisa’s smile by human facial muscles (art, mathematics, anatomy) • Listen Deeply » Edison solved everyday problems with the meta-invention, the lab Friction and irritation are opportunities What bugs you? Can your purpose serve humankind? • Think out of the box » Nikola Tesla’s ideas of wireless electricity and man-made lightning ahead of his time » Ford learned from others failures to transform assembly time and price • Experiment with Purpose » Franklin and the Wright Brothers applied the scientific method to understand electricity/lightning and flight to create printing and flying machines • Collaborate » Leonardo, Franklin and Edison were renaissance men, inspired by all domains Greatest inventions often are interdisciplinary intersections Leverage global diversity Modified from: Robert Greene’s Mastery Passion and purpose https://artofthekickstart.com/lessons-learned-10-historys-greatest-inventors/ 19 THANK YOU! Dr Mark Maybury Chief Technology Officer Mark.Maybury@sbdinc.com 20 Videos SBD Innovation https://www.youtube.com/watch?v=QJ6iLD5mIUY&t=10s Social Responsibility of Stanley Black and Decker in India https://www.youtube.com/watch?v=M4K29tvSZ7s Industry 4.0 https://www.linkedin.com/feed/update/urn:li:activity:6455499876477210624 21
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