Patrick Longo - Cincy Entrepreneurial Ecosystem
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Transcript

  • 1. Cincinnati Entrepreneurial Ecosystem
    • What, Where, Who, & Why
    • By:
    • Patrick Longo
    • Hamilton County Business Center
    • November 17, 2011
  • 2. A Little Background on Patrick Longo
    • Local Product / Been Elsewhere / Homer
    • Somewhat Educated
    • Somewhat Experienced
    • Somewhat Connected
    • Restless Spirit
    • Part time Risk Taker
    • Decent Listener
    • Likes to Try New Things
  • 3. So, is entrepreneurship “??? Alive or Dead ???” in Greater Cincinnati?
    • Do we have innovative and scaleable ideas?
    • Do we have talent?
    • Do we have capital?
    • Do we have a track record?
    • Do we have the assistance tools in place to make this all happen?
    • One man’s opinion …………..... Entrepreneurship is “Alive” in Greater Cincinnati!!!
  • 4. What’s happening “Entrepreneurially” in Greater Cincinnati
    • Intermediary Agencies are listening
    • Capital is available
    • Government is acting
    • Universities are being leveraged
    • Results are occurring
    • Media is paying attention
    • Entrepreneurs are getting more engaged
    • Location – Greater Cincinnati
  • 5. Entrepreneurial Assistance Available to Greater Cincinnati Entrepreneurs
    • One on One Counseling / Coaching
    • Incubation Programs
    • Networking Events
    • Structured Entrepreneurial Training
    • Access to Capital (Traditional & Non-Traditional)
    • Connectivity to Local Universities
    • Clearinghouse Services
    • Media
    • Sources – SBDC Clearing House Resource and HCDC/HCBC
  • 6. Who’s Playing in the Entrepreneurial Sandbox
    • C-Cap
    • The Circuit
    • TechSolve
    • Bio/Start
    • SCORE
    • UC
    • XU
    • Miami University
    • HCBC / HCDC
    • Minority Business Coalition
    • Brandery
    • Queen City Angels
    • CincyTech USA
    • GCVA
    • SBDC’s
    • Local Capital Providers
    • N. Ky E Zone
    • Entrepreneurs
    • Experienced Business People
    • Business Intermediaries
    • Media – Enquirer, Soapbox, etc
  • 7. Growing the Assistance Continuum <--------Business Incubation-----------> <-------Morning Mentoring-------> <----Brandery -------> <-----------Regional Entrepreneurs Forum-----------> <--------Vaanguard------->  -----------Outreach----------------> <-------------CincyTech---------------->
  • 8. What does HCBC offer?
    • Full Service Business Incubation Program
    • Outreach Program
    • Angel HQ
    • SBA 504 Loan Program
    • State of Ohio 166 Loan Program
    • HCBC Small Loan Program
    • Hamilton County Office of Economic Development
    • Procurement Technical Assistance Center
    • Morning Mentoring
    • SoundingBoard
    • Regional Entrepreneurs Forum
    • Bootcamp
    • Vaanguard Mentoring Network
  • 9. HCBC’s Business Incubation & Outreach Target Areas
    • Early Stage
    • Innovative
    • Scaleable
  • 10. Business Incubation Services Offered
    • Business Plan Review and Implementation Assistance
    • Technology Commercialization Assistance
    • SBIR Grant Assistance
    • Goal & Milestone Setting
    • Business Coaching
    • Connections to Region’s Resources
    • Access to Capital Programming & Services
    • Networking
    • Educational Programs
    • Flexible Rental Space and Equipment
    • Vibrant Environment
  • 11. HCBC – Tale of the Tape History - Since 1989
    • Clients Served – 280
    • Graduate Revenues - $210 MM+ annually
    • Access to Capital – $102 MM
    • Average Salary / Job - $48K +
    • Total Jobs – 1,750
    • Graduate Companies – 115
    • Success Rate – About 60%
  • 12. HCBC – Tale of the Tape Past 12 months
    • Current Clients – 48
    • Client Revenues – $17.2 MM
    • Access to Capital – $7.8 MM
    • Average Salary / Job - $51K +
    • New Jobs – 48
    • Total Jobs – 197
    • Graduate Companies - 2
  • 13. Early Stage, Local Companies to watch
  • 14. Entrepreneur Start Up Check List
    • Have you written a business plan?
    • Have you bounced your plan off of friends and family? (Comfort Zone)
    • Have you connected to local business assistance resources? (Non-Comfort Zone)
    • Are you networking in the right places?
    • Can a local university or incubation program be of assistance to your start-up or growing venture?
    • If necessary, have you connected with traditional and non-traditional capital providers?
    • Remember that these resources are still available to you even after you have started your venture
    • Get Active, Get Connected, and Grow Your Business
  • 15. Questions & Thank You
    • Patrick Longo
    • HCBC
    • 1776 Mentor Avenue
    • Cincinnati, Ohio 45212
    • (513) 631-8292
    • [email_address]
    • www.HCDC.com/incubation
    • Twitter - http://twitter.com/entrementor