On this episode of the #BuildingBN podcast, CEO Patrick Hoban talks with Harriett Steinbach, Director, Innovation and Strategic Partnerships at Illinois State University.
Host:
Patrick Hoban: CEO, Bloomington-Normal Economic Development Council
Guest:
Harriett Steinbach: Director, Innovation and Strategic Partnerships at Illinois State University
Websites:
https://www.bnbiz.org/
Illinois State University
Takeaways:
- Harriett has been at ISU since 2002, with a focus on community engagement.
- She transitioned to the Office of Research to lead innovation and partnerships.
- The Bloomington Normal Innovation Hub aims to connect higher education institutions for economic benefit.
- Applied research is crucial for solving community issues and fostering innovation.
- The hub aims to establish a business incubator that supports local entrepreneurs.
- Community input is vital for effective strategic planning.
- The hub will not duplicate existing services but strengthen connections.
- Harriett emphasizes the importance of organic connections in entrepreneurship.
- The goal is to launch programming by mid-2026, even without a physical space.
- Creating a physical space will enhance opportunities for collaboration and innovation opportunities. Strategic planning is essential for economic development.
- An overarching ecosystem for entrepreneurship is needed.
- Infrastructure gaps can hinder business growth.
- Showcasing local attractions can help retain talent.
- Economic development reflects community investment.
- Funding is a significant challenge for entrepreneurs.
- Collaboration is key to filling gaps in support.
- A diverse economy is crucial for long-term stability.
- Building an innovation corridor can enhance regional growth.
- Engaging with local investors can boost startup funding.
