The Evidence Network Helps Washington Economic Developers Understand Impact of Innovation

June 23, 2014.
Dr. Brian Barge, CEO, The Evidence Network, spoke recently at the Washington Economic Development Association’s (WEDA) 2014 “Energizing Innovation” Conference

Dr. Brian Barge, CEO, The Evidence Network, spoke recently at the Washington Economic Development Association’s (WEDA) 2014 “Energizing Innovation” Conference in Richland, Washington

Waterloo, Ontario – June 20, 2014 – Dr. Brian Barge, President and CEO of The Evidence Network (TEN), a global leader in the assessment of innovation impact, spoke recently at the Washington Economic Development Association 2014 Spring/Summer Conference in Richland, Washington.

Credible reports of impact on innovation are critical for legitimizing economic developers.” Dr. Brian Barge

In a session entitled “Impact of Innovation Investments” Dr. Barge spoke about how innovation is pervasive and how the role of economic developers has changed.

“Innovation is everywhere. In wineries, aircraft, software, energy, agriculture, and other areas driving the Washington economy”, said Dr. Barge. “Economic developers are reacting by becoming innovation enablers.”

Dr. Barge described new ways for economic developers to measure their impact on companies. Leading organizations now capture and show attributed impact – the portion of company growth that the companies themselves attribute to these economic development organizations.

He discussed the importance of new impact assessment methods now available, because identifying the state of the economy in terms of growth and other traditional measures doesn’t show the value of the economic developers, which is a requirement of funding agencies and other stakeholders demanding increased accountability.

“Credible reports of impact on innovation are critical for legitimizing economic developers,” said Dr. Barge. “Measuring impact on innovation is good for communities ultimately enabling economic developers to more effectively impact regional growth.”

About The Evidence Network:

The Evidence Network provides assessments of the impacts that business, research, innovation, and entrepreneurship support programs have on companies. TEN elicits attributed impacts directly from client companies, and determines: impact on companies’ resources and capabilities, impact on companies’ performance, economic impact indicators, and the relationship between services, impact on companies’ performance, and impact on the economy.

About The Washington Economic Developers Association:

WEDA is a statewide, non-profit association of private businesses, economic development councils, ports, governments and others committed to enhancing the state’s climate for economic development.

Its mission is to serve as the statewide professional association committed to the development of economic and employment opportunities in Washington State.

About Brian Barge:

Dr. Barge is co-founder, President and CEO of The Evidence Network. He has served as President & CEO of three leading innovation intermediaries in Canada. He led CMC Microsystems (2000-2006) in its provision of advanced tools, technologies, and services for microsystems research and innovation at universities across Canada, the Ottawa Economic Development Corporation (1996-2000) in support of the growth of Ottawa’s economy, and the Alberta Research Council (1991-1996) in the development and commercialization of technology.

Over his 40-year career in innovation management, often in a global context, Brian has forged numerous innovative initiatives among universities, industries, and governments that have stimulated the formation and growth of countless technology-intensive firms.

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