{"id":5578,"date":"2019-02-12T09:00:45","date_gmt":"2019-02-12T14:00:45","guid":{"rendered":"http:\/\/greatermankatoblog.com\/?p=5578"},"modified":"2024-01-04T15:16:37","modified_gmt":"2024-01-04T21:16:37","slug":"innovation-mankatos-lifeline","status":"publish","type":"post","link":"https:\/\/greatermankato.com\/zh\/blog\/innovation-mankatos-lifeline\/","title":{"rendered":"Innovation: Mankato&#8217;s lifeline?"},"content":{"rendered":"<p>Last December, two former education leaders in Minnesota wrote an op-ed in the Star-Tribune calling for the state to<a href=\"http:\/\/www.startribune.com\/brighter-ideas-for-minnesota-s-future\/501667961\/\" target=\"_blank\" rel=\"noopener noreferrer\"> &#8220;re-energize&#8221; efforts<\/a> in innovation because the Bold North is failing to deliver &#8220;the talented workforce and innovation that are key to economic vitality and quality of life.&#8221; So I was curious. Where did we in Greater Mankato fit in?<\/p>\n<p><!--more--><\/p>\n<p>Over the past few months, I&#8217;ve been having discussions around the area and doing some research on innovation and entrepreneurship (I&amp;E, for short). According to the government&#8217;s\u00a0<a href=\"http:\/\/www.statsamerica.org\/ii2\/overview.aspx\" target=\"_blank\" rel=\"noopener noreferrer\">Innovation Index,\u00a0<\/a>our area is ripe for becoming a hub for I&amp;E except in two areas: venture capital and what is loosely termed as &#8220;community support.&#8221; By this index, we rank 100 out of 380 regions in the United States which sounds pretty good. However, by contrast, Fargo, N.D. ranks sixth; Ames, Iowa is 12<sup>\u65e5<\/sup> and Sioux Falls, S.D ranks 18<sup>\u65e5<\/sup>. Madison, WI ranks 33<sup>\u8def<\/sup> and the Twin Cities ranks 35<sup>\u65e5<\/sup>. As the two education leaders said &#8220;pretty good won&#8217;t be good enough.&#8221;<\/p>\n<p>Developing I&amp;E is an important component of employee attraction and retention. <a href=\"https:\/\/www.uschamberfoundation.org\/enterprisingstates\/assets\/files\/Executive-Summary-OL.pdf\" target=\"_blank\" rel=\"noopener noreferrer\">Growing our workforce<\/a> from within is a critical strategy for all communities competing for workers. In addition, <a href=\"https:\/\/www.entrepreneur.com\/article\/283616\" target=\"_blank\" rel=\"noopener noreferrer\">entrepreneurs help communities grow,<\/a>\u00a0they create businesses and new businesses create jobs while strengthening competition and increasing productivity. Besides, just having an area of bright, innovative minds makes for a more interesting place to live and enjoy for everyone.<\/p>\n<p>Frankly, there is a lot of I&amp;E activity going on in the area, but it&#8217;s the best-kept secret in the Mankato area. That&#8217;s not a good thing. That lack of awareness fails to engender the community resources necessary to help entrepreneurs. Without a network of support, we could lose many of our budding innovators to other cities and, in fact, <a href=\"https:\/\/www.kare11.com\/article\/money\/business\/inventures\/the-unrl-experience-and-its-humble-beginning\/344201444\" target=\"_blank\" rel=\"noopener noreferrer\">we are<\/a>. I&#8217;m hoping to change some of that with a blog series focusing on I&amp;E and the discussions surrounding how we can become that hub, how we can develop a supportive innovation ecosystem. I will be relying a lot on local stories of little-known successes as well as &#8220;failures.&#8221; I&#8217;ll look at local pockets of innovation and begin to weave a network of contacts and resources and share those connections. I&#8217;ll shine some light on information from institutions dedicated to improving innovation such as the <a href=\"https:\/\/cob.mnsu.edu\/center-for-innovation-and-entrepreneurship\/\" target=\"_blank\" rel=\"noopener noreferrer\">Center for Innovation and Entrepreneurship<\/a>, the\u00a0<a href=\"https:\/\/www.kauffman.org\/what-we-do\/research\/a-research-compendium-entrepreneurship-ecosystems\" target=\"_blank\" rel=\"noopener noreferrer\">Kauffman Foundation<\/a> and the <a href=\"https:\/\/smifoundation.org\/\" target=\"_blank\" rel=\"noopener noreferrer\">\u5357\u660e\u5c3c\u82cf\u8fbe\u5021\u8bae\u57fa\u91d1\u4f1a<\/a>\u00a0as well as others.<\/p>\n<p>If you&#8217;d like to stay up-to-date on this information, follow this blog and I&#8217;ll do the rest. If you have any ideas or stories you think need to be told, shoot me an email at <a href=\"mailto:jsantori@greatermankato.com\">jsantori@greatermankato.com\u00a0<\/a>or comment below.<\/p>","protected":false},"excerpt":{"rendered":"<p>Last December, two former education leaders in Minnesota wrote an op-ed in the Star-Tribune calling for the state to &#8220;re-energize&#8221; efforts in innovation because the Bold North is failing to deliver &#8220;the talented workforce and innovation that are key to economic vitality and quality of&#8230;<\/p>","protected":false},"author":8,"featured_media":5591,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_price":"","_stock":"","_tribe_ticket_header":"","_tribe_default_ticket_provider":"","_tribe_ticket_capacity":"0","_ticket_start_date":"","_ticket_end_date":"","_tribe_ticket_show_description":"","_tribe_ticket_show_not_going":false,"_tribe_ticket_use_global_stock":"","_tribe_ticket_global_stock_level":"","_global_stock_mode":"","_global_stock_cap":"","_tribe_rsvp_for_event":"","_tribe_ticket_going_count":"","_tribe_ticket_not_going_count":"","_tribe_tickets_list":"[]","_tribe_ticket_has_attendee_info_fields":false,"footnotes":""},"categories":[171],"tags":[],"post_author":[],"class_list":["post-5578","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business-development"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v23.9 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Innovation: Mankato&#039;s lifeline? 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