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Building a Sustainable Entrepreneurial Ecosystem




                               Tim Williamson
                      Co-Founder & CEO, The Idea Village



www.ideavillage.org
TWELVE YEARS AGO A GROUP OF NEW ORLEANS ENTREPRENEURS
   CALLING THEMSELVES THE IDEA VILLAGE DARED TO ASK:



        WHAT IF?
NEW ORLEANS: THE ISSUE
New Orleans Population Growth




                                             Source: GCR and Associates


                                                 www.ideavillage.org
A TALE OF FOUR CITIES




                        www.ideavillage.org
NEW ORLEANS: THE ISSUE

New Orleans Population Growth




                                           Source: GCR and Associates


                                               www.ideavillage.org
www.ideavillage.org
“What if it (entrepreneurship) fails?”




                              www.ideavillage.org
• founded in 2000

• independent non-profit organization

• identify, support, & retain entrepreneurial talent

• 1798 entrepreneurs supported

• 2028+ in the network
                                          www.ideavillage.org
www.ideavillage.org
"We were so energized by the impressive
ecosystem of entrepreneurs and the community
around them in New Orleans. Engagement and
support from leadership at all levels is making a
difference and working very well here.”
                                          – Mary Himinkool
                   Head of Global Entrepreneurship-Google
                                               March 2012




                                            www.ideavillage.org
an entrepreneurial movement ignited




                         www.ideavillage.org
core beliefs
1. entrepreneurship is an agent for change
2. entrepreneurship requires a complex ecosystem
3. systems must be installed to sustain ecosystem
4. it takes generational commitment




                                         www.ideavillage.org
BUILDING AN ENTREPRENEURIAL ECOSYSTEM




1. entrepreneurship is an agent for change



                                          www.ideavillage.org
“The simple fact is every business in America was
   started by an entrepreneur.”- Charles Schwab




“It’s kinda fun to do the   “We are inventing the     "I have not failed. I have
         impossible”                 future.”          successfully discovered
       –Walt Disney             – Steve Jobs        1,200 ideas that don't work."
                                                          -Thomas A. Edison


                                                               www.ideavillage.org
core beliefs
1. entrepreneurship is an agent for change
2. entrepreneurship requires a complex ecosystem




                                        www.ideavillage.org
a hub to coordinate diverse networks.




                                www.ideavillage.org
entrepreneurial ecosystems start local




                                www.ideavillage.org
ecosystems must be driven by entrepreneurs




                                 www.ideavillage.org
Business
                                                   Community




              Universities




Government




                                                                            Financing




                                                               Mentorship
        Technical Assistance




                               Knowledge Network
core beliefs
1. entrepreneurship is an agent for change
2. entrepreneurship requires a complex ecosystem
3. systems must be installed to sustain ecosystem




                                         www.ideavillage.org
AN ENTREPRENEUR SEASON



                     shape the ecosystem around                             March 16 -22, 2013


                       local culture & conditions.
Launch 2013 Season      Programming Begins 10/1            Halftime Event                                         Launch 2014 Season
                                     Season Kickoff
                                       Event 10/4

                  Intake &
                                                                                              Evaluation & Planning
                   Assess
     JUL’12   AUG ‘12    SEP ‘12   OCT ‘12   NOV ‘12 DEC ‘12   JAN ‘13   FEB ‘13   MAR ‘13   APR ‘13   MAY ‘13   JUN ‘13   JUL ‘13




                                                                                                           www.ideavillage.org
encourage entrepreneurs to solve local
            challenges.
                           WATER
     EDUCATION




                 HEALTH




                                   www.ideavillage.org
cluster entrepreneurs in creative spaces
core beliefs
1. entrepreneurship is an agent for change
2. entrepreneurship requires a complex ecosystem
3. systems must be installed to sustain ecosystem
4. it takes generational commitment




                                         www.ideavillage.org
FY2013 Strategy




                  www.ideavillage.org
FY2012-A Tipping Point




                         www.ideavillage.org
Grow Entrepreneur Season awareness, participation, and engagement.




                                                                            March 16 -22, 2013

Launch 2013 Season     Programming Begins 10/1             Halftime Event                                            Launch 2014 Season
                                       Season Kickoff
                                         Event 10/4

                 Intake & Assess                                                                Evaluation & Planning

        JUL’12   AUG ‘12    SEP ‘12   OCT ‘12   NOV ‘12 DEC ‘12   JAN ‘13   FEB ‘13   MAR ‘13    APR ‘13   MAY ‘13      JUN ‘13   JUL ‘13




                                                                                                               www.ideavillage.org
The Idea Village Programs

                                      IDEAevents™
networking events during the Season that connect and celebrate the entrepreneurial community.

                                     IDEAinstitute™
       entrepreneur education program comprised of entrepreneur training workshops,
    roundtable discussions, and a keynote speaker series. IDEAinstitute sessions are free
               and open to all entrepreneurs registered with The Idea Village.

                                     IDEAsessions™
       one-on-one two hour brainstorms to provide strategic guidance around a specific
         business challenge or assistance to help entrepreneurs develop, refine, and
                              strengthen their investor pitches.

                                     IDEAxcelerator™
           an intensive six-month business accelerator program for 15-20 high growth
             ventures that is customized to each entrepreneur’s needs and includes
            setting operational goals, providing business strategy, marketing support,
                                      and financial guidance.

                                      Capital Village™
               Idea Village managed investor pitch programs and capital access
                opportunities for equity capital, grants and debt. Capital Village
                  Programs include Coutler IDEApitch, PowerPitch, Big Idea,
                  Speed to Seed, Banker Client Roundtables, Angel Dinners

                                        IV League™
                      an invitation only program for entrepreneurs who have
               participated in Idea Village programs. The IV League is to elevate
                    successful entrepreneurs into leadership positions in the
                 community through high level discussions with civic leadership
                  about critical issues in our community. Idea Village convenes
                four(4) moderated sessions that focus on critical issues such as
                   crime, healthcare, education, race relations, to name a few.
2013 ENTREPRENEUR SEASON
                                                                       Engagement Opportunities

              Entrepreneur
Evaluate      Applications
                                     Panelist/Judge




 Teach       IDEAinstitute




Mentor      IDEAxcelerator            IDEAsessions              Pitch Prep




           Professional      Angel Dinners      The Big Idea          Power Pitch        Coulter IDEApitch
 Invest      Services
                               (seed stage)      (seed stage)         (angel stage)      (venture capital stage)




            IDEAinstitute/
 Learn     Keynote Series
                                    Aspen Institute




             Season           Season             NOEW                IDEApitch                            Season
                                                                                       Big Idea
Network      Kickoff          Halftime          Opening                Dinner
                                                                                      (March 22)
                                                                                                           Finale
             (Oct 4)          (Jan 24)         (March 16)           (March 21)                          (March 22)
Strategically position Idea Village as a thought leader




        Speeches-Japan            National Awards   Senate Small Business Committee




Articles-”Steps to Building an
                                 Public Relations     Conferences and Communities
Entrepreneurial Ecosystem”
                                                                www.ideavillage.org
World’s Top 25 Startup Ecosystems (April 2012)

               Vision-March 2018  Startup Genome
   1. Silicon Valley (San Francisco, Palo Alto, San Jose, Oakland)
                  2. New York City (NYC, Brooklyn)
                               3. London
                               4. Toronto
                               5. Tel Aviv
                            6. Los Angeles
Top 10 Startup Ecosystem in the World
                             7. Singapore
                             8. Sao Paulo
                             9. Bangalore
                              10. Moscow
                                 11. Paris
                              12. Santiago
        Motto: “Beat Bangalore”13. Seattle
                               14. Madrid
                              15. Chicago
                            16. Vancouver
                                17. Berlin
                               18. Boston
                                19. Austin
                              20. Mumbai



                                                                     www.ideavillage.org
WHAT’S NEXT?

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Building an Ecosystem

  • 1. Building a Sustainable Entrepreneurial Ecosystem Tim Williamson Co-Founder & CEO, The Idea Village www.ideavillage.org
  • 2. TWELVE YEARS AGO A GROUP OF NEW ORLEANS ENTREPRENEURS CALLING THEMSELVES THE IDEA VILLAGE DARED TO ASK: WHAT IF?
  • 3. NEW ORLEANS: THE ISSUE New Orleans Population Growth Source: GCR and Associates www.ideavillage.org
  • 4. A TALE OF FOUR CITIES www.ideavillage.org
  • 5. NEW ORLEANS: THE ISSUE New Orleans Population Growth Source: GCR and Associates www.ideavillage.org
  • 7. “What if it (entrepreneurship) fails?” www.ideavillage.org
  • 8. • founded in 2000 • independent non-profit organization • identify, support, & retain entrepreneurial talent • 1798 entrepreneurs supported • 2028+ in the network www.ideavillage.org
  • 9.
  • 11. "We were so energized by the impressive ecosystem of entrepreneurs and the community around them in New Orleans. Engagement and support from leadership at all levels is making a difference and working very well here.” – Mary Himinkool Head of Global Entrepreneurship-Google March 2012 www.ideavillage.org
  • 12. an entrepreneurial movement ignited www.ideavillage.org
  • 13. core beliefs 1. entrepreneurship is an agent for change 2. entrepreneurship requires a complex ecosystem 3. systems must be installed to sustain ecosystem 4. it takes generational commitment www.ideavillage.org
  • 14. BUILDING AN ENTREPRENEURIAL ECOSYSTEM 1. entrepreneurship is an agent for change www.ideavillage.org
  • 15. “The simple fact is every business in America was started by an entrepreneur.”- Charles Schwab “It’s kinda fun to do the “We are inventing the "I have not failed. I have impossible” future.” successfully discovered –Walt Disney – Steve Jobs 1,200 ideas that don't work." -Thomas A. Edison www.ideavillage.org
  • 16. core beliefs 1. entrepreneurship is an agent for change 2. entrepreneurship requires a complex ecosystem www.ideavillage.org
  • 17. a hub to coordinate diverse networks. www.ideavillage.org
  • 18. entrepreneurial ecosystems start local www.ideavillage.org
  • 19. ecosystems must be driven by entrepreneurs www.ideavillage.org
  • 20. Business Community Universities Government Financing Mentorship Technical Assistance Knowledge Network
  • 21. core beliefs 1. entrepreneurship is an agent for change 2. entrepreneurship requires a complex ecosystem 3. systems must be installed to sustain ecosystem www.ideavillage.org
  • 22. AN ENTREPRENEUR SEASON shape the ecosystem around March 16 -22, 2013 local culture & conditions. Launch 2013 Season Programming Begins 10/1 Halftime Event Launch 2014 Season Season Kickoff Event 10/4 Intake & Evaluation & Planning Assess JUL’12 AUG ‘12 SEP ‘12 OCT ‘12 NOV ‘12 DEC ‘12 JAN ‘13 FEB ‘13 MAR ‘13 APR ‘13 MAY ‘13 JUN ‘13 JUL ‘13 www.ideavillage.org
  • 23. encourage entrepreneurs to solve local challenges. WATER EDUCATION HEALTH www.ideavillage.org
  • 24. cluster entrepreneurs in creative spaces
  • 25. core beliefs 1. entrepreneurship is an agent for change 2. entrepreneurship requires a complex ecosystem 3. systems must be installed to sustain ecosystem 4. it takes generational commitment www.ideavillage.org
  • 26.
  • 27. FY2013 Strategy www.ideavillage.org
  • 28. FY2012-A Tipping Point www.ideavillage.org
  • 29. Grow Entrepreneur Season awareness, participation, and engagement. March 16 -22, 2013 Launch 2013 Season Programming Begins 10/1 Halftime Event Launch 2014 Season Season Kickoff Event 10/4 Intake & Assess Evaluation & Planning JUL’12 AUG ‘12 SEP ‘12 OCT ‘12 NOV ‘12 DEC ‘12 JAN ‘13 FEB ‘13 MAR ‘13 APR ‘13 MAY ‘13 JUN ‘13 JUL ‘13 www.ideavillage.org
  • 30. The Idea Village Programs IDEAevents™ networking events during the Season that connect and celebrate the entrepreneurial community. IDEAinstitute™ entrepreneur education program comprised of entrepreneur training workshops, roundtable discussions, and a keynote speaker series. IDEAinstitute sessions are free and open to all entrepreneurs registered with The Idea Village. IDEAsessions™ one-on-one two hour brainstorms to provide strategic guidance around a specific business challenge or assistance to help entrepreneurs develop, refine, and strengthen their investor pitches. IDEAxcelerator™ an intensive six-month business accelerator program for 15-20 high growth ventures that is customized to each entrepreneur’s needs and includes setting operational goals, providing business strategy, marketing support, and financial guidance. Capital Village™ Idea Village managed investor pitch programs and capital access opportunities for equity capital, grants and debt. Capital Village Programs include Coutler IDEApitch, PowerPitch, Big Idea, Speed to Seed, Banker Client Roundtables, Angel Dinners IV League™ an invitation only program for entrepreneurs who have participated in Idea Village programs. The IV League is to elevate successful entrepreneurs into leadership positions in the community through high level discussions with civic leadership about critical issues in our community. Idea Village convenes four(4) moderated sessions that focus on critical issues such as crime, healthcare, education, race relations, to name a few.
  • 31. 2013 ENTREPRENEUR SEASON Engagement Opportunities Entrepreneur Evaluate Applications Panelist/Judge Teach IDEAinstitute Mentor IDEAxcelerator IDEAsessions Pitch Prep Professional Angel Dinners The Big Idea Power Pitch Coulter IDEApitch Invest Services (seed stage) (seed stage) (angel stage) (venture capital stage) IDEAinstitute/ Learn Keynote Series Aspen Institute Season Season NOEW IDEApitch Season Big Idea Network Kickoff Halftime Opening Dinner (March 22) Finale (Oct 4) (Jan 24) (March 16) (March 21) (March 22)
  • 32. Strategically position Idea Village as a thought leader Speeches-Japan National Awards Senate Small Business Committee Articles-”Steps to Building an Public Relations Conferences and Communities Entrepreneurial Ecosystem” www.ideavillage.org
  • 33. World’s Top 25 Startup Ecosystems (April 2012) Vision-March 2018 Startup Genome 1. Silicon Valley (San Francisco, Palo Alto, San Jose, Oakland) 2. New York City (NYC, Brooklyn) 3. London 4. Toronto 5. Tel Aviv 6. Los Angeles Top 10 Startup Ecosystem in the World 7. Singapore 8. Sao Paulo 9. Bangalore 10. Moscow 11. Paris 12. Santiago Motto: “Beat Bangalore”13. Seattle 14. Madrid 15. Chicago 16. Vancouver 17. Berlin 18. Boston 19. Austin 20. Mumbai www.ideavillage.org

Editor's Notes

  1. Organizations and map of the city – IV in center