Empowering Economic Growth through Technology and Innovation
In a rapidly evolving, technology-driven global society, a region's strategy for technology-based economic development is pivotal in ensuring its economic competitiveness and fostering sustainable benefits for stakeholders across industry, academia, government, and the non-profit sector.
Through its affiliation with the Ohio Aerospace Institute, Parallax offers a dedicated TBED Team that collaborates with stakeholders to create and implement strategies and programs that support the development of technology assets within an innovation-driven economy. Our initiatives are designed to catalyze growth and excellence in economic bases across the nation.
Key Initiatives
Our TBED initiatives encompass a wide range of strategies and programs, including:
Leveraging Research Capacity
Initiatives focused on disseminating knowledge and harnessing the research, talent, and specialized facilities across industry, academia, and government labs to strengthen research capacity. Examples include technology transfer and research partnerships.
Commercializing Research
Implementation and strategies to translate research and associated intellectual property developed at federal labs, academic institutions, and other research-based entities into high-growth products and businesses.
Promoting Entrepreneurship and Emerging Aerospace Sectors
Advancing entrepreneurship through educational programs, capacity building support, and ecosystem development, particularly in the aerospace sector.
STEM Education and Workforce Development
Programs designed to increase STEM awareness, train STEM talent, and re-skill or upskill the workforce to pursue STEM-based career opportunities
Advancing supply Chains
Supporting overall U.S. economic and global competitiveness in the aerospace and defense sectors by strengthening and diversifying supply chains for larger OEMs and ODMs and helping entrepreneurs pursue business opportunities within the supply chain.
Capital Access
Supporting early-stage companies in identifying and pursuing traditional and non-traditional sources of debt and equity and granting capital to fuel their growth and innovation.
Focus Areas and Programs for TBED
Small Business Assistance
- FAST Program
- Northern Ohio Entrepreneurial Services Provider
- Cuyahoga County Small Business Assistance
Center for Advanced Air Mobility Initiative (CAAM-I)
The Center for Advanced Air Mobility Initiative (CAAM-I) is a program designed by Manufacturing Works and the Ohio Aerospace Institute to accelerate Northeast Ohio manufacturers' access to and engagement with unmanned vehicle production and electric vehicle transformation. Funded by the United States Economic Development Administration, our efforts are geared towards workforce development, technology transfer, and supply chain collaboration.
Ohio’s Defense Manufacturing Community
Ohio’s Defense Manufacturing Community has identified the need to support the implementation of advanced manufacturing technology to build a stronger supply chain for defense manufacturers across Ohio. Small and medium defense manufacturers need to automate and take advantage of technologies to support a more productive and safer environment for workers This project provides capital to small and medium defense manufacturers to engage, assess, plan for, and then implement a specific Industry 4.0 or Advanced Technology in order to increase production, increase sales, and/or innovate and develop new technologies.
Partnerships
Parallax Advanced Research fosters innovation and drives the nation’s technology-based economic development by leveraging the Triple Helix Model of Innovation. This model, adapted from Etzkowitz & Leydesdorff (2000), builds partnerships across academia, industry, and government to address critical national security and technical challenges. These collaborations unite diverse capabilities and research efforts to develop bold, innovative solutions for the nation’s science and technology enterprise.
Parallax acts as a catalyst, connecting academic and industry partners with federal government needs. By facilitating knowledge exchange, building innovation hubs, and hosting events like opportunity days and colliders, Parallax creates environments where stakeholders communicate their needs, capabilities, and opportunities for collaboration. This approach enhances innovation ecosystems and strengthens the connections between academic research, business capabilities, and government objectives.
For example, through initiatives like the Ohio Federal Research Network (OFRN) and the Defense Innovation Unit OnRamp Hub: Ohio, Parallax has made significant strides in stimulating Ohio’s innovation economy.
- Since its inception, OFRN has funded cutting-edge research projects, spurred job creation, supported startups, and secured substantial follow-on funding. These partnerships are transforming ideas into impactful technologies that meet federal demands while fostering economic growth.
- Since its inception, the OnRamp Hub Ohio has served as a bridge between federal agencies, industry, and academic institutions, accelerating the transition of innovative technologies into practical applications. By fostering collaborative partnerships and aligning regional capabilities with federal needs, the Hub has advanced economic growth, supported workforce development, and enhanced technological readiness. Through its targeted initiatives, OnRamp Hub Ohio has enabled businesses to navigate federal contracting opportunities, facilitated access to critical resources, and driven the successful commercialization of cutting-edge innovations. These efforts are transforming Ohio into a national leader in defense technology-based economic development.
Focus Areas
- Facilitating academic-industry-government collaboration through innovation hubs and talent exchange programs.
- Managing networks like OFRN and the OnRamp Hub: Ohio to support university-industry research partnerships aligned with federal needs.
- Promoting diversity of thought and bold solutions via intelligent teaming opportunities.
- Supporting commercialization of research through consulting, training, and funding facilitation.
Parallax Advanced Research’s partnerships exemplify how collaborative efforts can fuel innovation, strengthen the economy, and advance the nation's technological leadership.
Technical Lead
SVP of Strategic Outreach and Technology-Based Partnerships