In the wake of COVID-19, Engage // Innovate has seen a sharp shift in client needs around the world. Over the past few weeks, the company has secured multiple new economic development contracts in North America, Latin America and the Nordics.
Economic revival in a post-COVID environment
The majority of contracts secured this month are large-scale government initiatives to revive and kick-start economic growth in a post-COVID era. These contracts are all entered into with ‘entreprenurial government leaders’, leaning in to come up with large-scale economic recovery initiatives.
“We see key government leaders really start thinking about what are our next growth are industries? What are our industries of the future? Then, laying down rapid-action plans to accelerate the development of these key future industries”, says Partner Christian Rangen of Engage // Innovate.
Building next generation ocean cluster in Western Canada
On the island of Victoria, in Canada’s British Columbia, visionary Mayor Lisa Helps is already leading the work on Victoria 3.0, a long-term strategic economic development initiative. Under the pillars of Recovery Reinvention Resilience, Victoria 3.0 lays out the economic growth model for 2020 – 2041.
Central to the economic recovery plan is creating an ocean futures cluster, accelerating western Canada’s value creation in the ocean space. While Canada has the world’s longest coastline, the economic activity and value from its ocean industries lag behind other major ocean economy nations. Combining the ocean cluster with the larger city-development of a brand-new innovation district is expected to provide an influx of high-value jobs for the region.
The project is the full development of a feasibility study, cluster framework and operating structure for a successful innovation cluster in Canada’s emerging ocean space.
“I see a massive potential for new economic activity in the ocean space, combining new technologies, venture capital and scale ups with the existing infrastructure and economic leaders in British Columbia”, says Rangen.
“This investment in the Ocean Futures Innovation Hub is an investment in the future of B.C.’s economy,” says Melanie Joly, Minister of Economic Development and Official Languages and Minister responsible for Western Economic Diversification Canada.
Developing new medical technology growth industries in Latin America
Under the leadership of the Latin American team, Engage // Innovate has recently secured a key contract with CINDE – Costa Rica’s Investment Opportunity Agency. Tasked with developing Costa Rica into a high-knowledge, high-value country in the medical technologies, manufacturing and devices industries, CINDE plays a key leadership role in accelerating the development of a new Life Sciences Hub in the region.
“This is a superb Innovation Supercluster Initiative, and I am very excited for the potential I see in Costa Rica. In line with the global transformation of the medical technologies industry, Costa Rica can really take a leading role”, says Rangen.
The project is designed to pull all the key stakeholders together to co-design and co-develop a new strategy for the country’s significant medical devices and medical technology industries. Ever since the launch of a national medical technology program 20 years ago, Costa Rica has been able to attract talent, foreign direct investments, multinationals and manufacturing companies to the country.
Today, Costa Rica is looking to grow in the areas of high tech, software, innovative business models, scale ups and further talent development.
“I look forward to following Costa Rica’s ambitious journey in the medical technology space”, says Rangen.
Helping government leaders accelerate national transformation
Over the past ten years, Engage // Innovate’s team has helped government leaders accelerate national transformation, develop new high-growth industries, build Innovation Supercluster Programs and transform economic growth.
Recognized as a global authority on Building Innovation Superclusters, the Shifting Energy Arena and how to drive corporate transformation, Engage // Innovate currently has active projects running in the Americas, Asia, Africa, Middle East and Europe. Despite the challenges of international business travels, all programs are delivered on schedule using a highly innovative blended approach to secure a successful project delivery.