HOUSTON TECHNOLOGY &

INNOVATION TASK FORCE

JUNE 2017

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Deliver recommendations
to the Mayor and City
Council to best drive
Houstons tech innovation
and entrepreneurship OUR CHARGE
economy

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 WHY BUILDING AN
INNOVATION
ECONOMY MATTERS
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THE PROBLEM

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 WHY A THRIVING INNOVATION ECONOMY IS
CRITICAL FOR HOUSTONS ECONOMY...
Companies (%) who have fallen from the
Fortune 500 since 1955...only 60 remain! Corporations (%) who say its
important to work with startups

#3 88% 2034 82%

Houstons ranking for

density of Fortune HALF of todays Fortune 500
1000 companies will be replaced by 2034!
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 ...WHICH IS WHY THE DATA IS ALARMING!

VENTURE CAPITAL

STARTUP DENSITY

ENTREPRENEURIAL ECOSYSTEM

TECH JOBS

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 TECH STARTUPS CREATE A HIGH VELOCITY OF
HIGH-WAGE JOBS AND ARE CRITICAL TO...

ATTRACT + RETAIN YOUNG TALENT >7%

CREATE LOCAL JOBS 5:1

WIN CORPORATE INVESTMENT

INSPIRE A CITYS IMAGE & Culture!

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OUR OPPORTUNITY

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 DEVELOPMENT APPROACH

RESEARCH AUDIT VISITS COLLABORATION EXPERTS

Best Practice Cities, Visited a Sample of VIsited Cincinnati and Collaboration with Calls + Visits with
Models Approaches, Innovation and Chicago to Visit with GHPs Innovation Experts; Chair
Data, Policy, etc. Entrepreneurship Key Leaders Roundtable & Attended Kauffman
Assets in Houston Accenture Ecosystem Summit

NOV 2016 - FEB 2017 MARCH 2017 MARCH 2017 ONGOING APRIL, JUNE 2017

HYPERLINKS NOTES AVAILABLE FINAL REPORT

EMBEDDED WHERE FOR REVIEW LINK
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POSSIBLE
CASE STUDY: CHICAGO -
BIRTH OF A NEW TECH
ENTREPRENEURSHIP CENTER

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 40K $1.7 B $8.2 B $3+B

New Tech Venture Capital Proceeds from Inward / Corporate

Jobs Funding Reported Exits Investment
Since 2011 Up from $391M Up from $698 M Top Metro for Corporate
in 2012 in 2012 Investment
3rd Year in a Row

CASE STUDY: CHICAGO -

RISING FROM THE ASHES! 11
 RAW MATERIALS TO
TRANSFORM INTO A
WORLD LEADER

STEM Talent Diversity + Global

Base Reach

Organizations Working Capital + Significant

To Build + Connect the Fortune 1000 Base
Ecosystem

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TASK FORCE
RECOMMENDATIONS

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COLLABORATION WITH THE GHP & ACCENTURE
TO ACTIVATE ALL STAKEHOLDERS
ADVOCATE + CHAMPION

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DEVELOP AN INSPIRING
INNOVATION DISTRICT

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BECOME LEADING
TESTING GROUND FOR
NEW TECHNOLOGIES
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INNOVATE CITY PRACTICES +
REDUCE FRICTION TO ACCESS
ENTREPRENEURSHIP
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 Data is Leading Indicators Suggest the
Alarming Time to Take Action is NOW!

Raw Materials Organizations and Community Efforts Need

for Success Support + Advocacy to Drive Houston Forward

Clear Paths for Elements of Best Practice Models Provide Path to

Action Accelerate Ideal Strategies for Our City

Transformative Leadership, Support and Collaboration

Can Propel Houston to be the City and
Impacts Economy of the Future Today!
SUMMARY

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RECOMMENDATIONS EXPANDED AND
SUPPORTING DATA

APPENDIX: SECTION ONE

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 CLICK GRAPHIC FOR ACCELERATING
STARTUP ECOSYSTEMS WITH THE
POWER OF 5 REPORT

ADVOCATE + CHAMPION
(EXPANDED)
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 CLICK GRAPHIC FOR INTERVIEW WITH
MICHAEL BLOOMBERG, TECHCRUNCH
(2010)

ADVOCATE + CHAMPION
(EXPANDED)
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 CLICK GRAPHIC FOR ONE
YEAR LATER REPORT
(BROOKINGS)

INNOVATION
DISTRICT
(EXPANDED)
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INNOVATION
DISTRICT
(EXPANDED)
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 CLICK GRAPHIC FOR
ARTICLE ON AUTONOMOUS
VEHICLES IN PITTSBURGH

TESTING GROUND
(EXPANDED)
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 CLICK GRAPHIC FOR LINK TO:
CITY INITIATIVES FOR TECHNOLOGY, INNOVATION
AND ENTREPRENEURSHIP
(CITIE.ORG)

CITY PRACTICES
(EXPANDED)
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OTHER RECOMMENDATIONS (1-6)

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OTHER RECOMMENDATIONS (7-10)

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STARTUP ECOSYSTEM
PLAYERS
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 SUMMARY OF KEY STRATEGIES FOR ENABLING
ENTREPRENEURIAL ECOSYSTEMS (KAUFFMAN)

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MAYORS TASK FORCE 31
MAYORS TASK FORCE 32
MAYORS TASK FORCE 33
REFERENCE GREATER HOUSTON
PARTNERSHIP + ACCENTURE INNOVATION
REPORT IN SEPARATE FILE

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NOTES

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