A21 summit presentation 20111116

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  • America 21 Project: Vision & MissionVision: The America 21 Project will become a leading national voice for innovation and competitiveness empowering Black America to have full equity participation in the 21st century innovation economy.Mission: The America 21 Project will catalyze exponential growth of Black American prosperity through increased innovation capacity and economic competitiveness
  • America 21 Project: Vision & MissionVision: The America 21 Project will become a leading national voice for innovation and competitiveness empowering Black America to have full equity participation in the 21st century innovation economy.Mission: The America 21 Project will catalyze exponential growth of Black American prosperity through increased innovation capacity and economic competitiveness
  • Add slide after this one to break out the three pillars and explain them.The America 21 Project is a national initiative that seeks to enhance the innovation capacity and economic competitiveness for Black America. The America 21 Project will accomplish its mission and goals by establishing a collaborative platform and entrepreneurial ecosystem that fosters solutions-based approaches to the challenges of 21st century community and economic development.Introduce new slide after slide 6 America 21 Project Platform to break out the three pillars with explanation.Why are these pillars important?Challenge pillar by pillar. Opportunity pillar by pillar.
  • Need electrical ‘plug’ graphic for America 21 Project plugging into the IENeed to estimate costs of developing housing for universities
  • Add slide after this one to break out the three pillars and explain them.The America 21 Project is a national initiative that seeks to enhance the innovation capacity and economic competitiveness for Black America. The America 21 Project will accomplish its mission and goals by establishing a collaborative platform and entrepreneurial ecosystem that fosters solutions-based approaches to the challenges of 21st century community and economic development.Introduce new slide after slide 6 America 21 Project Platform to break out the three pillars with explanation.Why are these pillars important? Challenge pillar by pillar. Opportunity pillar by pillar.
  • Add slide after this one to break out the three pillars and explain them.The America 21 Project is a national initiative that seeks to enhance the innovation capacity and economic competitiveness for Black America. The America 21 Project will accomplish its mission and goals by establishing a collaborative platform and entrepreneurial ecosystem that fosters solutions-based approaches to the challenges of 21st century community and economic development.Introduce new slide after slide 6 America 21 Project Platform to break out the three pillars with explanation.Why are these pillars important? Challenge pillar by pillar. Opportunity pillar by pillar.
  • Add slide after this one to break out the three pillars and explain them.The America 21 Project is a national initiative that seeks to enhance the innovation capacity and economic competitiveness for Black America. The America 21 Project will accomplish its mission and goals by establishing a collaborative platform and entrepreneurial ecosystem that fosters solutions-based approaches to the challenges of 21st century community and economic development.Introduce new slide after slide 6 America 21 Project Platform to break out the three pillars with explanation.Why are these pillars important? Challenge pillar by pillar. Opportunity pillar by pillar.
  • Mike, again I think it might be impactful if we could show a comparison of black vs white vslatinovsasian HGEs and/or venture-backed These #’s in and of themselves are not meaningful unless there is some basis for comparison(s)…
  • Add slide after this one to break out the three pillars and explain them.The America 21 Project is a national initiative that seeks to enhance the innovation capacity and economic competitiveness for Black America. The America 21 Project will accomplish its mission and goals by establishing a collaborative platform and entrepreneurial ecosystem that fosters solutions-based approaches to the challenges of 21st century community and economic development.Introduce new slide after slide 6 America 21 Project Platform to break out the three pillars with explanation.Why are these pillars important? Challenge pillar by pillar. Opportunity pillar by pillar.
  • Add slide after this one to break out the three pillars and explain them.The America 21 Project is a national initiative that seeks to enhance the innovation capacity and economic competitiveness for Black America. The America 21 Project will accomplish its mission and goals by establishing a collaborative platform and entrepreneurial ecosystem that fosters solutions-based approaches to the challenges of 21st century community and economic development.Introduce new slide after slide 6 America 21 Project Platform to break out the three pillars with explanation.Why are these pillars important?Challenge pillar by pillar. Opportunity pillar by pillar.
  • Add slide after this one to break out the three pillars and explain them.The America 21 Project is a national initiative that seeks to enhance the innovation capacity and economic competitiveness for Black America. The America 21 Project will accomplish its mission and goals by establishing a collaborative platform and entrepreneurial ecosystem that fosters solutions-based approaches to the challenges of 21st century community and economic development.Introduce new slide after slide 6 America 21 Project Platform to break out the three pillars with explanation.Why are these pillars important?Challenge pillar by pillar. Opportunity pillar by pillar.
  • Need electrical ‘plug’ graphic for America 21 Project plugging into the IENeed to estimate costs of developing housing for universities
  • Need electrical ‘plug’ graphic for America 21 Project plugging into the IENeed to estimate costs of developing housing for universities

Transcript

  • 1. STEM EDUCATION |ACCESS & INVESTMENT CAPITAL | HIGH-GROWTH ENTREPRENEURSHIP© 2011 America 21 Project
  • 2. The Black Innovation and Competitiveness Initiative The BICI has expanded to become …
  • 3. ABOUT The America 21 Project Johnathan Holifield Chad Womack, PhD Mike Green Co-Founders & Principals STEMEDUCATION | CAPITALACCESS & INVESTMENT | HIGH-GROWTHENTREPRENEURSHIP
  • 4. How do we generate wealth in the innovation economy? “In order to generate wealth in the 21st century innovation economy, we need an equity-based strategy that moves us from solely being consumers of products to becoming the producers of new ideas, innovations and knowledge capital, and the funders of new ventures…”
  • 5. The America 21 Project: VISION & MISSION 21 VISIONThe America 21 Project seeks to become the leading national voicefor innovation and competitiveness empowering communities inurban centers throughout America to achieve full equity participationin the 21st century Innovation Economy. MISSIONThe America21 Project will catalyze and empower underservedcommunities throughout urban America to fully participate in the 21stcentury innovation economy through STEM education, and capitalformation, access and investment in high growth entrepreneurship. .
  • 6. The America 21 Project: STRATEGY & APPROACH STRATEGY Move the narrative (mindset) of Black America to a 21st century framework and action plan based on innovation and competitiveness Develop and build sustainable 21st century urban innovation ecosystems (hubs and nodes) Scale and replicate across the country
  • 7. The America 21 Project APPROACH The America 21 Project seeks to leverage existing assets within Urban American communities to create new opportunities and ensure competitiveness in the Innovation Economy.
  • 8. The AMERICA 21 Project – Programs and Initiatives The America 21 Project Programs projects National STEM Council Partnership for Urban America initiatives HBCU Innovation (R&D) initiative National Urban Innovation Campaign Urban Innovation Fund Urban Innovators Workshop Innovation NationBUILDING THE URBAN ECONOMIC ECOSYSTEM Spreading awareness, planting resource seeds, nurturing growth
  • 9. Global Innovation & Competitiveness 2011 Revitalizing America’s economic vitality requires strengthening ALL of America’s innovative sectors Sept. 7, 2011 (AP) — The World Economic Forum rankings, which the forum has issued for more than three decades, are based on economic data and a survey of 15,000 business 1 Switzerland executives across 142 nations. 2 Singapore The forum praised the U.S. for its productivity, highly Sweden sophisticated and innovative companies, excellent universities 3 and flexible labor market. But it also cited “a number of 4 Finland escalating weaknesses” such as rising government debt and declining public faith in political leaders and corporate ethics. 5 USA 6 Germany 2011 #5 7 Netherlands 2010 #4 2008 #1 Fall 2008: economic collapse 8 Denmark 9 Japan 10 Britain
  • 10. How do we connect the disconnected? The America 21 Project is the bridge connecting urban communities to the 21st century Innovation Economy STEM education Angel & Venture Capital High-Growth 21st Century 20th Century Entrepreneurship Urban Innovation- Ecosystems The Innovation Entrepreneurial Ecosystem STEM Education High Growth Capital Entrepreneurship Access/Investment
  • 11. The Story of America’s Innovation Economy 21st century Entrepreneurial No Ecosystem EcosystemPublic-Private risk capital No investment infrastructure infrastructureExponential job growth No job growth
  • 12. The America 21 Project INNOVATIVE APPROACH 21The America 21 Project will establish a collaborative online-offlineplatform to develop urban innovation ecosystems that foster solutions-based approaches to meet the challenges of 21st century communityand economic development. Wealth creation is a top priority Three Pillars/Foundation STEM CAPITAL HIGH-GROWTH Education Access / Investment Entrepreneurship
  • 13. Historical Transitions in the U.S. Economy 21 19th century agrarian economy 20th century manufacturing and service economy The 19th and 20th century economies were driven by manual labor… The 21st century innovation economy … is knowledge-based … driven by science, technology and innovation. Disruptive Ideas Risk Capital Technology/Social Media-Driven Exponential Growth Platforms
  • 14. The Role of STEM Education-Workforce in Competitiveness and Wealth Creation? STEM CAPITAL ACCESS HIGH GROWTH EDUCATION & INVESTMENT ENTREPRENEURSHIP Got Investment? Raising Capital A new economic vision for 21st century Urban America
  • 15. …and wealth creation in the innovation economy
  • 16. The life cycle of innovation emerges from of our urban centers yet its benefits elude ourcities and their residents due in part to a negative innovation flow. We must harness thecycle so its benefits are no longer lost to our urban communities. Knowledge & Innovative Economy Suburbs/Exurbs •Clinical Research & Development •Manufacturing •Marketing & Sales •Global Supply Chain Management Commercialization Regional Clusters & Manufacturing & Networks Technology R&D Transfer Service Economy •Low-level service oriented jobs City/Urban Centers •Manual labor Negative Innovation Flow Source: Report Touch Choices or Tough Times, National Center on Education and the Economy 16
  • 17. HOW DO WE BOLSTER AMERICA’S COMPETITIVENESS? 21… by educating and preparing Disconnected Americans for the Innovation Economy Those that are prepared and can compete in the… Professional or Graduate Degree 21st Century Innovation Economy 4 Year College Degree High School Degree Only 20th Century Service/Manufacturing No High School Degree Economy
  • 18. High Growth Entrepreneurship HIGH-GROWTH CAPITAL Entrepreneurship Access / Investment STEM Education
  • 19. National Average STEM yield ≅4%
  • 20. How is STEM education linked to community andeconomic development?
  • 21. How is STEM education linked to community andeconomic development?
  • 22. How does Philly stack up against other major cities?The NAEP 2009 TUDA ResultsOut of 17 cities analyzed in the Trial Urban District Assessment (TUDA) study, Philly was lastin terms of STEM performance (NAEP)
  • 23. TBED 1.0 the 20th Century Model – Does geographydetermine economic destiny ? Proposed Innovation Empowerment Zones Temple University – TUHS, Einstein HospitalUPenn/Univ City Science 2008 PSSA ProficiencyCenter, Drexel, USiP – Rates – Math & ScienceUPHS, CHOP Einstein combined by ZIP code,Hospital Grades 3-8, 11Proposed Innovation Empowerment Zones 23
  • 24. W AS CE H N IN NO TR G T RT A H L M ON EA HI AS , G S GH 0 20 40 60 80 100 120 140 160 180BO H . T E EO T H S C S. RM RG IG H DI NE O E H O ,W PH F E AN, HI SC OL LI ILA NG JU G H H O IL NC H IN LIA SC OL LI OL IG EE R HO AM W N, H RIN . SR OL AB S C G . H .H RA HO & IG .S H O SC H .F OR FE AM L F IEN L H OR C FR INT S, S IG G E A ER AM H IRL CR SA NK N U SC S EA UL LI AT EL HO , W N L IO SR OL TI VE N RO AL EAR AL . HI AN XB TE NI AF GH D OR R B NG FA PE OU . H CE IRS M RF O GH IGH NT AS R HI SC ER TB MI GH H O A U NG M AR S C OL , HO CO JUL TS O M ES HIG G L PA MU E. H H AM RK NI IG SCH P FU W CAT H O A Y I O S C OL RN H ES PE CE N T OO NT E L J S, N C ED OHN HO N H ER H H IS BA RA IGH CIT S ON R CE , Y UN , T TR HI WIL HS IV HO A G L ER MA M H H S IAM SI S IG CH Total = 502 FR TY A. H H S OO GE AN CIT IGH CHO L R M KF Y H S O SO O I C L U T P AN R D GH H O H AR TOW HI SC OL PH K G H IL WA N H H S OOL A Y I C DO BO DE NO GH HOO BB K, LP R SC L IN ED HIA THW HO S, W H O M AR IG ES L UR D H T RE HI SC HS L G H OL L H H S OO NE IG CH L PH P Y H H S OO FR I L AR I G C H L AN A. K H O O KL HS W A S C L IN FO Y W HO R O SW BE B ES L The STEM yield in Philadelphia Graduated from college with STEM Major (2003-2009) by HS attended EN KE NJA OL US T H & W SO NSI MI NE T S ES N N N Y E EC T AR GT HI A H PH T O GH ST IL S & N H S HS AD T IG CH Figure. Number of SDP-Graduates who graduated from college with a STEM major by High School attended (2003-2009) EL EC H OO PH HN SCH L IA OL O Top 5 Schools account for >60% of the SDP (actual) STEM yield HI OG OL GH Y SC H.S HO . OL The actual STEM yield for African-Americans is <1%
  • 25. So… How do we get there? What is the current situation? Where do we want to be? *The Opportunity Equation, Carnegie Foundation
  • 26. So… How do we get there? What is the current situation? Where do we want to be? *The Opportunity Equation, Carnegie Foundation
  • 27. A 21st Century Vision & Framework for STEM Education STEM Vision Statement All youth should be prepared to participate and succeed in a 21st century society as global citizens, and engage STEM education through a holistic process that involves their community and environment. STEM Framework  All youth should be prepared for post-secondary success in college and 21st century work in the knowledge and innovation/tech-based economy.  All youth should be STEM literate as…  science and technology are the tools of STEM and a 21st century society.  math is the fundamental language of STEM.  the ability to think critically and utilize problem-solving skills in the context of STEM will enable the next-gen of innovators that will address the challenges of the 21st century. All students prepared for college and for 21st century work!!
  • 28. National STEM Council – Executive Board BICI (executive management)
  • 29. National STEM Council - Goals  to provide a vehicle through which the leadership representing all of the Black STEM organizations can convene on an annual basis to discuss best practices and lessons learned as professional associations, initiatives and programs  to discuss the state of STEM in Black America from school to career (an annual report would be a deliverable and outcome), and determine strategies to address the STEM educational crisis facing Black America in the 21st century  to aggregate concerns across the various STEM disciplines to address and affect federal and local policies as they relate to the STEM pipeline  to address the opportunities for Black STEM entrepreneurs providing workshops to encourage, educate and train Black STEM professionals to pursue entrepreneurship and businesses  to aggregate and leverage capital to invest in Black STEM professionals who seek to become tech-entrepreneurs
  • 30. Philadelphia STEM Innovation Center Bridging the K-12 and Higher Education Divide STEM21 March, 2011
  • 31. Philadelphia STEM Innovation Center – Governance & Management Board of Directors (proposed) TBED21 The Franklin Institute Executive Director & Staff
  • 32. The Early College STEM Academy October 24, 2011 Philadelphia STEM Innovation Center Chad Womack, PhD
  • 33. Proposed Development and Expansion of the High School STEM Academy ProgramHow do we ensure equity and access while driving systemic transformation in STEM?• Implement the STEM academy model in neighborhood high schools and then expand programmatic reach throughout high school clusters and regions.Development of the STEM Academy Program in one SDP High School # of students 5-10 12-15 20-25 per entering 10th grade Maximum Output = 25 STEM students per school per year (fully loaded) class YR 1 YR 2 YR 3 W. Phila HS Cluster Univ City HS Sayre HS W. Phila HS …and then expand throughout SDP regionally School of the Future Overbrook HS = Total Output of 125 STEMready students per school cluster per year (assuming a fully loaded program by year 5) 10/27/11 Early College STEM Academy Program 33
  • 34. Program and Curriculum for the High School STEM Academy ProgramOverview of the Early College STEM Academy Program  The Early College STEM Academy Program is a program of the Philadelphia STEM Innovation Center – a STEM education focused collaborative and partnership-driven effort with The School District of Philadelphia, Drexel University, University of Pennsylvania, Philadelphia Biotechnology and Life Sciences Institute, FIRST Robotics and The Franklin Institute.  This is a 4 year longitudinal program that proactively identifies and recruits 9th grade high school students during their Spring semester.  The program will initially be piloted within the W. Phila high schools, and then expanded regionally throughout the School District of Philadelphia The term STEM refers to science, technology, engineering and math 10/27/11 Early College STEM Academy Program 34
  • 35. Bio-Life Science Career Pathways & STEM Scholars Programs CEO, COO, CSO Clinical Scientists CFO, CEO, Associate Basic Research Scientist/ Scientist I Scientists Biotechnician/Research Assistant II Biotechnician/Research Assistant I 2-yr/A.S. MS HS 4-yr/B.S. M.S./ MBA PhD/MD/MD-PhD Career Development Bioentrepreneurship Programs STEM Scholars Program
  • 36. High Growth Entrepreneurship STEM CAPITAL Education Access / Investment HIGH-GROWTH Entrepreneurship
  • 37. HIGH-GROWTH HIGH-IMPACT ENTREPRENEURS Entrepreneur Startups = New Jobs Will create job growth & wealth 1% = 40% gazelles In any given year, the top-performing 1 percent of new firms generate roughly 40 percent of new job creation. Kauffman Foundation
  • 38. How do we generate wealth in the innovation economy?Wealth = Equity * Entrepreneurship * Innovation
  • 39. The Story of America’s Innovation Economy 21st century Entrepreneurial No Ecosystem EcosystemPublic-Private risk capital No investment infrastructure infrastructureExponential job growth No job growth
  • 40. BLACK PRODUCTIVITY BLACK AMERICA ANNUAL SPENDING BUSINESS REVENUE ~$1 Trillion $138B Family Per Capita Income Biz Revenue $30K $3,700
  • 41. SBA Report Nov. 2010*: Race/Ethnicity Establishment Dynamics Median HHI Business Density Failure Rate Household Income # firms per thousand persons Business failures over 4 years Blacks $29,691 36 39.3%Hispanics $33,961 42 33.9% Asians $53,832 98 32.9% Whites $46,119 94 29.2% *Data reporting period 2002 - 2006
  • 42. U.S. CENSUS 2010 REPORTPer Capita Business Receipts (data for 2007) Businesses w/ employees Per Capita Business receipts # businesses / population Total annual gross revenue Blacks 107,000 0.003 $99BHispanics 249,000 0.005 $274.5B Asians 399,000 0.030 $461B Whites 4.6 million 0.020 $9.4 trillion
  • 43. 1.5%
  • 44. ACCESS TO CAPITAL INVESTMENT Entrepreneur Bootstrapping Private Capital Will work NEED = for funding Avg. investment: $191KThe Angel Capital Education Foundation estimates thatabout 10,000 accredited investors now belong to more than265 groups that play a critical role in the deal flow in theircommunities.
  • 45. High Growth Entrepreneurship STEM HIGH-GROWTH Education Entrepreneurship CAPITAL Access / Investment
  • 46. ACCESS TO RISK CAPITAL & INVESTMENT Access to angel and venture capital investment is crucial to job creation Challenge: 1 500+ angel groups angel / venture capital group 500+ venture capital groups Opportunity: The America 21 Project will encourage and promote the development and growth of urban angel groups and venture capital institutional investors.
  • 47. AMERICA’S PRODUCTIVITY DISPARITY GDP = $14T Black-owned businesses Venture-backed businesses1.8 million sole 1.9 million 4,025 proprietors with no $137B Revenue $2.9T employees < 1% % of GDP 21% 2007: Before economic collapse 2008Black America remains CONNECTED infrastructure. from U.S. risk capital investment
  • 48. The America 21 Project Platform ONLINE & OFFLINE A core component of The America 21 Project strategy is to build a unique and propriety platform that fosters a new narrative and establishes a sustainable innovation ecosystem. The Innovation Nation platform will: • Educate Urban America about the challenges and opportunities inherent in the 21st century global innovation economy. • Identify and establish nodes and hubs within the innovation ecosystem that will amplify the new narrative and provide essential resources to foster access and development within an entrepreneurial ecosystem. • Significantly enhance deal flow by connecting high growth entrepreneurs to risk capital and angels/institutional investors with opportunities within the innovation economy.
  • 49. The America 21 Project PLATFORM Branded online-offline entrepreneurial ecosystem  Events – Forums, Summits & Symposia  Strategic Partnerships & Resources  Online proprietary ecosystem • Innovation Nation Social Community • Entrepreneur Academy • Deal Flow (Angels & Entrepreneurs)  Social Media & Networking
  • 50. Developing 21st century urban innovation ecosystems US Census Bureau, Census 2000 Regional Hubs Local Nodes Urban innovators are fragmented while surrounded by innovation ecosystems 50
  • 51. HBCUs – Nodes and Hubs of Innovation? Convening innovative thought leaders, organizations, educators and investorsBUILDING THE URBAN ECONOMIC ECOSYSTEM Spreading awareness, planting resource seeds, nurturing growth
  • 52. Partnership for Urban America NATIONAL URBAN INNOVATION CAMPAIGN KEY NODES in each region Urban Urban 2011-2012 Angels InnovatorsBUILDING THE URBAN ECONOMIC ECOSYSTEM Spreading awareness, planting resource seeds, nurturing growth
  • 53. BOLSTERING AMERICA’S COMPETITIVENESS 21How do we connect Disconnected Americans to the Innovation Economy? STEM education This ecosystem doesn’t exist in the overall R&D paradigm for Black & investments HIGHER Elem Secondary Education Hispanic America Angel & Venture Capital Entrepreneur Education / Training Incubators / Accel & Resources HIGH-GROWTH ENTREPRENEURS High-Growth Risk Capital (Angels / Venture Capital) Entrepreneurship Startup America WORKFORCE HIGH-GROWTH ENTREPRENEURS Partnerships Lifestyle Since 1980, ALL net new job entrepreneurs growth has been produced No equity by companies 5-years-old Entrepreneur – investment and younger. Investor Conferences Top performing 1% of young companies produce 40% of Entrepreneurial job growth EVERY year. Ecosystem Kauffman foundation
  • 54. Physics and the Law of ChangeTarget Population Population of Effective Exponential Leaders T = Ne N The Influencers You = + Force (the ability to move ‘mass’ at a certain rate)Change = Work =Distance X
  • 55. ABOUT The America 21 Project 21 TEAM Johnathan Holifield Chad Womack, Ph.D Mike Green Contact Chad Womack, PhD 215-776-6664 http://blackinnovation.org | chad@blackinnovation.org or cwomack06@gmail.com STEMEDUCATION | CAPITALACCESS & INVESTMENT | HIGH-GROWTHENTREPRENEURSHIP