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Action

Phase 1

Phase 2

Assess economic conditions in Macon MSA and identify need for transformational change to a knowledge-based economy Develop KITE Alliance concept Develop communication and outreach strategies that strengthen and promote Macon as a knowledge-based economy and build community awareness of the capacity for economic transformation Develop effective network of economic development partners capable of accelerating Maconâ&#x20AC;&#x2122;s transition to a knowledge-based economy Create KITE Advisory Board Effectively coordinate the knowledge-based assets currently available through academic, business and government partners Pursue Funding and Grants Establish benchmarks for measurement and recalibration of KITE outcomes Re-task $96K of surplus College Hill Alliance funds to support KITE demonstration project for 2011-2012 fiscal year (Knight Foundation approved) Prepare â&#x20AC;&#x153;workingâ&#x20AC;? strategic action plan to guide activities in the demonstration year and continue to refine Solicit comment, reassess, revise, strengthen strategic action plan Create a unified economic development "vision" for Macon Transform strategic action plan into consensus driven dynamic operating strategy

Phase 3

Status Complete Complete Active Active Active

Active Active Complete Complete Priority Priority

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Action

Phase 1

Phase 2

Phase 3

Status

2.1 2.2

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Active

2.3

Develop Technical Support Team comprised of faculty in engineering, medicine, computer science, information technology, and chemistry Provide support to existing entrepreneurial programs and courses at Mercer (mentoring, internships, experiential learning) Identify and initiate contacts with alumnae having entrepreneurial and/or technological resources Promote a university-wide entrepreneurial vision Determine interest for establishing Mercer as a recognized â&#x20AC;&#x153;Entrepreneurial Universityâ&#x20AC;? Brand and promote Mercer Universityâ&#x20AC;&#x2122;s academic and research resources Act as bridge/facilitator/conduit between the business community and Mercer resources Promote and support implementation of "KITE Model" campus elements identified in strategic action plan (Garages, MissionFirst) Map academic, research, and technical assets at Mercer University (engineering, medical, computer science, information technology) Promote a collaboration between entrepreneurial programs Develop Mercer Downtown technology campus Network and exchange ideas and experiences with other entrepreneurial universities and academic institutions

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2.4 2.5 2.6 2.7 2.8 2.9 2.10 2.11 2.12 2.13 2.14

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Goal 3 - Attract and create technological business investment in the College Hill Corridor and downtown Macon, and foster new and emerging local entrepreneurial companies, especially those offering technical, higher paying jobs. Number 3.1 3.2 3.3 3.4 3.5 3.6 3.7 3.8 3.9 3.10 3.11

Action Conduct entrepreneurial competition to connect entrepreneurs and investors Develop strategies for investment capital to fund new and emerging businesses, focusing on “fund” and “network” angel investment models Establish micro-lending program Establish technology business incubator/accelerator Develop venture capital fund to help start-ups Develop contact list of entrepreneurs and investors Create JumpStart services for Mercer faculty Identify ready-to hire technology-based companies in Macon that would benefit from university research resources - seek early victories Develop entrepreneurial mentoring/coaching program Identify and recruit ready-to hire technology-based companies outside of Macon that would benefit from university research resources - seek early victories Cultivate EB5 foreign investment opportunities

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KITE Alliance Strategic Plan