WebCongress Miami: Susan Amat - Venture Hive
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WebCongress Miami: Susan Amat - Venture Hive

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WebCongress Miami: Susan Amat - Venture Hive WebCongress Miami: Susan Amat - Venture Hive Presentation Transcript

  • Building a Tech Cluster One Startup At A Time! Susan Amat, MBA, Ph.D. Founder, Venture Hive 11.7.13 @SusanAmat
  • Case Study // South Florida Challenges to Community Capacity Building • Most transient region in the US • No support infrastructure • Few businesses scaling • Poor culture of mentorship • Private sector not engaged • No “smart money” for tech startups • Few success stories • No tracking or documentation
  • Case Study // South Florida What Is Working for Us • Mindset shifting • College students • Private sector • Engaging students in the local business community • Attracting & retaining new talent in targeted verticals • Best practices and world class education • Global branding through partnerships • Focus on quality, accountability, and transparency
  • Economic Development through Accelerators • Recruit startups on industry verticals • Engage private sector from those chosen verticals • Zero equity – no barriers to recruitment • Individual and venture development • World-class curated resources and support • 230K for program support from Miami DDA (2 years) + 250K for ten 25K grants by Mayor’s Office (4 years) Made possible by Miami-Dade’s Mayor’s Office and Miami’s Downtown Development Authority
  • RAMP-UP PHASE // • • • • 9/28/12- Application Released 11/5/12 - Application Deadline Due diligence and judging 11/30/12 - Top Ten selected for a $25K no-equity grant, our support, and a year of space Applications U.S. 74 LATAM 58% Hospitality/Tourism 39 31% 47 Europe 37% Healthcare 20 16% 6 5% Creative 68 53% Less than 4 months: Applications to opening day!
  • OPERATIONS PHASE // • • • • • • Structured program 35 Workshops 1,345 Hours Advising 50+ Local Mentors 3 Off-Site Visits The Swarm!
  • KEY PERFORMANCE METRICS // 1/21/13 - 5/31/13 Business Relocations 13 New Business Formations 3 Investment Leverage 2.6:1 Jobs Created 34.25 Sales/Grant Revenue $56,750 Average Salary w Equity $40,360
  • The Team • Founder: Serial entrepreneur/intrapreneur • • • • • • • Founder of The Launch Pad & Blackstone LaunchPads Developed and oversaw replication to 12 universities Grants from Kauffman Foundation, Blackstone Charitable Foundation, Fairholme Foundation, Bradley Foundation White House Champion of Change in 2012 CTO: 20 years of engineering experience, over a decade in Silicon Valley Ops: Seven years running 80Ksf incubator and raised/managed over 20M in grants PM: Entrepreneur, ran TechStars accelerator
  • Scaling an International Model - Entrepreneurship Education Partner to US State Department Regions: Africa, Caribbean, LATAM, Mekong, MENA - World-class team - Curated, best-in-class content & platform - Turn-key solution for communities/countries ROI in Miami - 2.6:1 in our first four months 12:1 in nine months and 20+:1 by 12 months
  • What’s Next? National Initiative Announcements One in LATAM, two in Africa for Accelerator and VHU Venture Hive Prep Partnership with Miami Dade County Public Schools and Miami-Dade County Mayor Gimenez Corporate Innovation Partnerships Recruiting and programming for corporation-specific solutions
  • Susan Amat, MBA, Ph.D. 305-735-1274 @SusanAmat @VentureHive
  • Growing our own companies Definitions • Incubator • Focus on local community • One to three year hosting with some services • Rarely vertically-focused • Companies pay membership fee or rent • Accelerator • Local or national attraction • Three months-intensive program, then move back • Usually either one focus area or no focus at all • Program takes equity as payment
  • Venture Hive U® University-wide Educational Model • Culture shifting – solving problems! • “Make a job” instead of “take a job” • Slow success instead of fast failure • Individual development focus – not the venture • Curated best-practice resources • Network across region/country/globe • Training, transparency, and accountability CAMPUS-WIDE, INTERDISCIPLINARY, COCURRICULAR
  • Venture Hive U® Process and Platform
  • Mission Venture Hive exists to energize, educate, and cultivate entrepreneurs. The Venture Hive Accelerator and Incubator programs focus on connectivity and guidance for entrepreneurs and startups to maximize regional economic development impact.
  • Platform delivers and reports results in real time • Transparency • Accountability • Complete program management tool • Turnkey Solution – tech + content + support • Customized to community needs • Individual and Venture- level metrics