Innovation in Colorado Agriculture: Looking Forward

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1 Innovation in Colorado Agriculture: Looking Forward

2

3 an unprecedented effort to engage every county in Colorado on how best to improve the state s economy - Gov. John Hickenlooper

4 1. Build a Business-friendly Environment 2. Recruit, Retain, and Grow Companies 3. Improve Access to Capital 4. Create and Market a Stronger Colorado Brand 5. Educate and Train the Workforce of the Future 6. Cultivate Innovation and Technology

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6 Top 25 assignees of Colorado patents in agriculture and food related technologies Core Objective: Foster innovation and new technology Geography may hold a key to innovation in food and agriculture in Colorado, given close proximity and high concentrations of: Agricultural production and processing; Research institutions; Innovative food product development and ag technology companies; Top talent; Discerning consumers. All of the elements needed for the emergence of an innovation cluster.

7 EMERGENCE OF AN AG INNOVATION CLUSTER IN COLORADO

8 What is an innovation-led cluster? A geographically proximate group of interconnected companies and associated institutions in a particular field, linked by various commonalities and complementarities. - Michael Porter Co-location of different stakeholders accelerates knowledge-sharing and development of new products and services in ways that you can t do if they re scattered. - Navi Radjou

9 Data searches Web Of Science search: CO authors in Agriculture Agronomy Entomology Food Horticulture Plant Science Soil Science Veterinary Science Water 14,982 scientific articles US Patent Office search: CO inventors in Agriculture; Animal Husbandry Baking; Dough Butchering; Meat Food/Beverage Equipment Veterinary Instruments/Methods Milling Packaging/Storing/Handling Water treatment Fertilizers Proteins Pyrolysis Extraction from waste Oils/Fatty Acids Brewing/Fermentation Pasteurization/Preservation Enzymology/Microbiology Genetic Engineering (Plants) Ethanol/Butanol Sugar Hides/Leather Hydraulic Engineering 5,005 US patents

10 WebOfScience articles and patented inventions WebOfScience articles with a Colorado author... isolating those with a CSU author Private Only Public-Private Public Only

11 Animal Sciences Bioagricultural Sciences & Pest Management Soil & Crop Sciences Horticulture & Landscape Architecture Agricultural & Resource Economics Microbiology, Immunology andpathology Clinical Sciences Biomedical Sciences Environmental and Radiological Health Sciences Natural Resource Ecology Laboratory Forest Rangeland Watershed Stewardship Fish, Wildlife & Conservation Biology Geosciences Human Dimensions of Natural Resources

12 WebOfScience articles and patented inventions WebOfScience articles with a Colorado author Private Only Public-Private Public Only Patent applications with a Colorado inventor

13 300 Patents by Colorado inventors in five interrelated technology categories 250 agricultural production crop/vet/energy biotech food & beverage manufacturing water technologies bioenergy

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15 9 counties in Northern Front Range: 66% of Colorado population 11% of Colorado area 12% of Colorado farm land 30% of value of ag production 51% of value of ag inputs 81% of value of commodity marketing/processing

16 What contributes to development of an innovation-led industry cluster? Talent is key Quality of workforce: University training of specialist skills Culture and quality of life Multiple employers with related focus attract talent to the region If a worker loses one job, finds another similar employer nearby.

17 What contributes to development of an innovation-led industry cluster? Proximity and community: Lower costs of meeting Higher rates of incidental contact Ideas flow fastest in a local community Competition felt more quickly Culture and environment: Tolerance of different opinions, creativity, risktaking Fostering collaboration

18 Drawbacks to development of an innovation-led cluster If regions firms dispersed across different industries If dominance by a few large firms If workers lose employment and have to leave region to find similar work If lack of trust creates higher social transaction costs If firms are attracted out of region

19 Next Steps

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