MHTA – The Global Robotics Innovation Park (GRIP) announced it has commissioned an economic impact study of the current economic value of Minnesota’s robotics industry and the potential increase in that value if a robotics research and development cluster such as the Global Robotics Innovation Park were created.
The Study will be conducted by Mark Misukanis, Ph.D., a senior consultant at New Pharos Consulting who formerly served as the Director of Finance and Research at the Minnesota Office of Higher Education and as the former Chief Budget Officer at the Office of Fiscal Policy and Analysis in the Minnesota Senate.
A steering committee will direct the study and use its findings to propose a long-term vision for the state’s robotics industry. It includes the president, chancellor and deans of Minnesota’s public higher education institutions and industry representatives.
“Because of the high-profile success of firms such as ReconRobotics and PaR Systems and the tremendous research of the Distributed Robotics Lab at the University of Minnesota, our state has already earned a reputation as a leader in robotics,” said Nena Street, CEO of GRIP. “Through this study we hope to quantify that reputation in terms of jobs and economic vitality, and to also define the potential increase in those barometers if we are able to leverage the worldwide growth in robotics through a Twin Cities-based business cluster of robotics research, innovation and manufacturing.”
Street said a few years from now, several hubs of robotics development will emerge in the United States that will help power our nation’s economy and drive job creation and export growth. The study will focus on the steps necessary to become a global hub.
GRIP is a supporting sponsor of the upcoming Robotics Alley Conference, which will take place November 15th at the Westin Edina Galleria. You can find out more about the conference agenda and register through MHTA and Robotics Alley.