Speaker
Description
The growth of superconducting magnets broadly disrupting private sector markets has been impressive over the past five years, especially in next generation MRI’s and other medical applications like radiation oncology. To successfully enter and fully service all the possible superconducting magnet markets, it is crucial that the formation and support of commercial ecosystems be a main focus of both the public and private sector stakeholders. Unlike research initiatives, which are historically best managed by the public sector, serving commercial superconducting magnet markets requires strong leadership from the private sector. This approach is not new and has been demonstrated in many other existing successful commercial ecosystems. The semiconductor manufacturing industry in Florida, USA for example, has achieved tremendous success thanks to robust private sector leadership which is evident worldwide through its strong presence in the supply chain. The power of private sector led commercial ecosystems is also well demonstrated in long standing areas such as the Silicon Valley in northern California, USA and the newer and rapidly expanding areas like the Elevate Quantum ecosystem in Colorado, USA.
To ensure continued success of any commercial ecosystems, it is essential to adopt, modify as needed and/or establish new partnership models that address supply chain, business development and investment needs efficiently and effectively. These key partnership models can be unique to each specific ecosystem and the best way to ensure quick addressment of both existing and new markets for the commercial superconducting magnet ecosystem is to leverage previous proven partnership models and create new models as needed. It is critically important that any commercial ecosystem landscape include all the key partners needed for emergence, support and growth regardless of industry sector of the ecosystem. After decades of research, the time is now for formation of these partnership models within the global ecosystem to usher in the industrial era of commercial superconducting magnets.
