THE INNOVATION INSTITUTE ACHIEVED measurable success in its investments, leveraging new resources to create conditions for growth in the knowledge-based Massachusetts Innovation Economy.
The Innovation Institute has achieved measurable success in shifting the attitudes of its applicants from a ‘grant writing’ mentality to one of ‘partnering’ with the Innovation Institute. Applicants are much more inclined today to advance their own hypotheses on growth opportunities rather than ask outright: “What can I provide you that you are willing to fund?” As a result, applicants have begun to think independently about leverage opportunities within the Innovation Institute and are behaving accordingly.
The Innovation Institute has broken new ground in economic development with its approach of informing and modifying behavior to achieve convergence across all the key dimensions of innovation-based economic development. This has resulted in stronger and more enduring outcomes from technology development, technology transfer, regional cooperation, industry organization, and, ultimately, champions for the future of the industry clusters.
Working in partnership with policy makers and industry, the Innovation Institute has sought to develop new “communities of innovation” in broadband, life sciences, marine science & technology, robotics, and nanotechnology, all of which enhances the process of innovation in key industry sectors of the Commonwealth's knowledge economy.