The America21 Project: Connecting Urban America to the 21st Century Innovation Economy
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The America21 Project: Connecting Urban America to the 21st Century Innovation Economy

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The America21 Project introduces a new economic narrative to empower and connect historically disconnected sectors to America's 21st century innovation economy from pipeline to productivity. ...

The America21 Project introduces a new economic narrative to empower and connect historically disconnected sectors to America's 21st century innovation economy from pipeline to productivity.

The Innovation Economy consists of three core pillars:

STEM education and workforce development

High-growth Entrepreneurship

Access to Capital and Capital Formation

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  • Open Government TV looks forward to our partnership with The America 21 Project. The goals, objectives and mission have been set and they exceed the capacity of any one individual's talents, but truly reflect the most powerful precept of the Open Government Directive which is collaboration. The OGTV-America 21 Partnership will lead the nation by example. May God Bless our partnership.
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The America21 Project: Connecting Urban America to the 21st Century Innovation Economy Presentation Transcript

  • 1. Formerly the Black Innovation and Competitiveness Initiative the America 21 Project STEMEDUCATION | CAPITALACCESS & INVESTMENT | HIGH-GROWTH ENTREPRENEURSHIPBuilding an Urban Innovation Ecosystem from Pipeline to Productivity PIPELINE to PRODUCTIVITY© The America21 Project
  • 2. The America 21 Project: VISION & MISSION 21 VISION The America 21 Project will be the leading national voice for innovation and competitiveness empowering Urban America toward full equity participation in the 21st century Innovation Economy. MISSION The America 21 Project will catalyze an unprecedented growth of Urban American prosperity through increased innovation capacity and economic competitiveness.
  • 3. 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
  • 4. America’s INNOVATION ECONOMY 21Knowledge-Based Technology Driven Fueled by Risk Capital Investments Three Foundation Pillars STEM CAPITAL HIGH-GROWTH Education Access / Investment Entrepreneurship
  • 5. Lagging Global Competitiveness 2011 Revitalizing America’s economic vitality requires strengthening ALL of America’s innovative sectors 1 Switzerland Sept. 7, 2011 (AP) — The World Economic Forum rankings, which the forum has issued for more than 2 Singapore three decades, are based on economic data and a survey of 15,000 business executives across 142 3 Sweden nations. 4 Finland The forum praised the U.S. for its productivity, highly 5 USA sophisticated and innovative companies, excellent universities and flexible labor market. But it also cited 6 Germany “a number of escalating weaknesses” … 7 Netherlands Denmark 2008 #1 Fall 2008: economic collapse 8 9 Japan 2010 #4 10 Britain 2011 #5
  • 6. Historical Transitions in U.S. Demographics 21 1960 Young Urban Non-Hispanic Whites comprised 85% of the U.S. population 85% America is growing 2011 Non-Hispanic Whites comprise 67% of the U.S. population 67% By 2030, 79 million Baby Boomers will be 65+ years. The “elderly” age group will grow faster than any other age demographic. 2050 Non-Hispanic Whites will be just 47% of 47% the U.S. populationSource: Pew Research & Agora Financial
  • 7. The America 21 Project: Addressing the Ecosystem 21 Filling the funnel from pipeline to productivity STEM Education Entrepreneurship Workforce development Job creation and growth Black-owned Venture-backed businesses businesses $150B 1.9 million 4,025 Federal R&D $137B Revenue $2.9T < 1% % GDP 21% 1.8 million sole proprietors 60% with no employees University Labs < 1% HBCUs Source: Bureau of Labor Stats 2007: Before economic collapse Source: National Venture Capital Association < 5% STEM professionals Black American population 13%
  • 8. PROBLEM 21Per Capita Business Receipts (Census data for 2007; published 2010) # Businesses Business receipts Population Per Capita Total in 2007 Total annual gross revenue Estimate # of U.S. citizens Business receipts Blacks 1.9 million $138B 37 million $3,729 0.8 percent total employment 0.5 percent of all receiptsHispanics 2.3 million $351B 45.4 million $7,731 1.6 percent total employment 1.1 percent of all receipts Asians 1.6 million $514B 13 million $39,538 2.4 percent total employment 1.7 percent of all receipts Whites 22.6 million $10.2 trillion 224.5 million $45,434 89.3 percent ownership of all 34 percent of all receipts scientific, tech & construction firms
  • 9. America’s Innovation Economy ALL net new job growth since 1980 has been produced by companies 5-years-old and younger. (Kauffman Foundation) 21st century Entrepreneurial No Ecosystem EcosystemPublic-Private risk capital No investment infrastructure infrastructureExponential job growth No job growthWhite America’s median wealth is 20 times Black America’s
  • 10. BOLSTERING AMERICA’S COMPETITIVENESS 21How do we connect Disconnected Americans to the Innovation Economy? STEM education Federal R&D investments 21st Century 20th Century Angel & Venture Capital High-Growth The Innovation Entrepreneurial Ecosystem Entrepreneurship The bridge connecting urban communities to the 21st century Innovation Economy is The America21 Project. Startup America Partnerships Entrepreneurial Ecosystem STEM High Growth Access/Investment Education Entrepreneurship Capital
  • 11. America’s FUTURE INNOVATION ECONOMY 21Knowledge-Based Technology Driven Fueled by Risk Capital Investments CURRENT GOALS PIPELINE 2011 2050 Minorities Minorities STEM 36% pop 53% pop Education < 11% STEM 35% STEM Achievable growth by investing in the technological future of America PRODUCTIVITY Minorities Minorities HIGH-GROWTH Black/Hispanic Black/Hispanic Entrepreneurship < 3.5% GDP 15% GDP Achievable growth by investing in high-growth businesses to strengthen America INVESTMENT Minorities Minorities CAPITAL Black/Hispanic Black/Hispanic Access / Investment < 1% Angels 15% Angels Achievable growth by recruiting minority high net worth individuals to invest
  • 12. The America 21 Project STRATEGY 21 SOLUTIONSOLUTIONSOLUTIONSOLUTIONSOLUTIONSOLUTIONSOLUTIONSOLUTIONSOLUTIONSOLUTIONSOLUTIONSOLUTION The America 21 Project seeks to leverage existing assets within Urban American communities to create new opportunities and ensure competitiveness in the Innovation Economy.
  • 13. The America 21 Project PLATFORM 21 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
  • 14. The America 21 Project 21 connectconnectconnectconnectconnectconnectconnectconnectconnectconnectconnect innovation economy 2015 How do we CONNECT quickly? STEM: < 11% STEM field companies are minority-owned CAPITAL: Black investors represent less than 1% of all angels and venture capitalists HIGH-GROWTH ENTREPRENEURS: Black entrepreneurs received 1% of tech investments in 2010
  • 15. Developing the America21 Urban Ecosystem 21 CONNECTINGCONNECTINGCONNECTINGCONNECTINGCONNECTINGCONNECTINGCONNECTINGCONNECTINGCONNECTING Urban innovators are fragmented while surrounded by innovation ecosystems 15
  • 16. CONNECTING URBAN AMERICA 21 CONNECTINGCONNECTINGCONNECTINGCONNECTINGCONNECTINGCONNECTINGCONNECTINGCONNECTINGCONNECTING ‘Seed’ Node Emerging Node Developing Node Hub of Innovation • Offline Forums • Online-Offline Entrepreneur Ecosystem • Recruitment of Urban Angels Spreading awareness, planting resource seeds, nurturing growth
  • 17. The AMERICA 21 Project 21 ORGANIZATIONAL CHART The America 21 Project 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
  • 18. National STEM Council 21 Convening innovative thought leaders, organizations, educators and investors• STEM Symposiums • Traveling program to HBCUs• STEM Speakers • Speakers bureau• STEM Pitch-to-Angels • Contests (online & offline)• STEM HBCU Coalition • Federal grants • Commercialization of ideas • Community outreach / impactBUILDING THE URBAN ECONOMIC ECOSYSTEM Spreading awareness, planting resource seeds, nurturing growth
  • 19. America21 Project Urban Innovation Campaign 21 SOLUTIONSOLUTIONSOLUTIONSOLUTIONSOLUTIONSOLUTIONSOLUTIONSOLUTIONSOLUTIONSOLUTIONSOLUTIONSOLUTION 4 Forums 4 Cities 1 outcome: 2011-2012 Plant seeds of urban economic development to grow 21st century Innovation Economy EcosystemsBUILDING THE URBAN ECONOMIC ECOSYSTEM Spreading awareness, planting resource seeds, nurturing growth
  • 20. America21 Project Urban Innovation Campaign 21 NATIONAL URBAN INNOVATION CAMPAIGN KEY NODES in each region Urban Urban 2011-2012 Funders FoundersBUILDING THE URBAN ECONOMIC ECOSYSTEM Spreading awareness, planting resource seeds, nurturing growth
  • 21. America21 Project Urban Innovation Campaign 21 NATIONAL URBAN INNOVATION CAMPAIGN Urban Funders The outcome the forum in each region will be the seed development of a group of high net worth individuals willing to invest in the National Urban Innovation Fund and engage in the workshops that will educate them 2011-2012 toward becoming an active regional angel investment group. The America 21 Project will provide partners to assist in the development. At the end of year one, there will be at least four urban funders groups.BUILDING THE URBAN ECONOMIC ECOSYSTEM Spreading awareness, planting resource seeds, nurturing growth
  • 22. America21 Project Urban Innovation Campaign 21 NATIONAL URBAN INNOVATION CAMPAIGN Urban Founders The outcome the forum in each region will be the seed development of a group that orchestrates networking events, workshops and resources designed for the development of high-growth entrepreneurs. 2011-2012 The education, training, mentoring and channeling of high-potential innovators toward deal flow in four urban founders groups is the overall goal in 2012. America 21 will provide resources as needed to bolster regional capability.BUILDING THE URBAN ECONOMIC ECOSYSTEM Spreading awareness, planting resource seeds, nurturing growth
  • 23. A TIMELINETHE MERICA 2 1 PROJECT America21 will partner with local organizations and serve as an information-rich national resource.A21 & Rutgers Business A21 & targeted region A21 & targeted regionSchool: Urban Angels & partner establish Urban partner establish UrbanEntrepreneurs Forum. Funders & Founders groups. Funders & Founders groups. A21 launches National Urban Innovation Fund A21 Urban Innovation & A21 & targeted region & Innovation Competitiveness Initiative partner establish Urban Nation online (Kickoff National Urban Funders & Founders groups. platform. Innovation Campaign in Washington D.C.) Nov. Nov. 2011 Q1 Q2 Q3 Q4 2012 GROUPS GROUPS GROUPS LAUNCH 10 Urban Angels 25 Urban Angels 50 Urban Angels Innovation Nation 50 Urban Founders 150 Urban Founders 250 Urban Founders 2012 2013 2014 2015
  • 24. ATHE MERICA 2 1 PROJECT Sponsorship NATIONAL URBAN INNOVATION CAMPAIGNAmerica21 will publish information Bronze Sponsorprograms on the InnovationEconomy and The America21 Listing in programProject vision to develop “pipeline Logo on screento productivity” infrastructures intarget urban regions across the Silver Sponsornation. The programs will be used 1/4-page display adin subsequent leadership in programroundtable discussions. Logo on screen All sponsors receive reserved seating *Gold Sponsor 1/2-page display ad in program Logo on screen Logo on table placements Special Public Thanks *limit 4
  • 25. THE A MERICA 2 1 PROJECT Sponsorship NATIONAL URBAN INNOVATION CAMPAIGNAmerica21 will publish informationprograms on the Innovation *TITLE SPONSOREconomy and The America21Project vision to develop “pipelineto productivity” infrastructures intarget urban regions across the In addition to receivingnation. The programs will be used all of the value offeredin subsequent leadership other sponsors …roundtable discussions. FULL page ad in program 5 mins @ podium Sponsored by Company name*maximum two (2)
  • 26. THE A MERICA 2 1 PROJECT Sponsorship NATIONAL URBAN INNOVATION CAMPAIGN NATIONAL Portland Detroit SPONSOR Bay Area Recognized at ALL Washington D.C campaign events nationwide Full inside COVER in Help support an economic printed program renaissance that connects historically disconnected 5 mins @ podium sectors to America’s 21st century Innovation Economy. Contact us today. Company name on front of print programs and all online*maximum two (2) pdf distribution
  • 27. CLICK HERE Your browser will open to a videoSo many successful entrepreneur accelerators exist across the U.S. that reality TV programs arebeing made about them. The angel investing space exploded over the past decade despite theeconomic tumult. With more private capital looking for quality deal flow, an industry grew toaccommodate the need. Where are the URBAN INNOVATORS?
  • 28. EXCERPT “The fact is that over the last three decades, new startups by innovators and entrepreneurs -- companies less than five years old -- have accounted for nearly all newly created jobs in the private sector. The scarcity of these dynamic, fast-growing companies in black communities has contributed to some of the chronic unemployment we see today. “This is a problem that defies easy solutions. We simply cant revitalize overnight communities that have lost thousands of jobs. And new corner stores or barbershops certainly wont make up for the closing of factories. Targeted government programs help, but private-sector investment is critical for sustained community development.” CLICK HERE Your browser will open to TheRoot.com websiteOpinion by Rick C. Wade. He is senior vice president at GreenTech Automotive. He was senioradviser and deputy chief of staff to Gary Locke when he was the U.S. secretary of commerce.
  • 29. ABOUT The America 21 Project 21 TEAM Click here for bios Formerly the Black Innovation and Competitiveness Initiative Johnathan Holifield Chad Womack, Ph.D Mike Green Paul Richardson Nnena Ukuku Eugene Dibble Linda Bolliger Contact Mike Green 541-730-2164 | http://blackinnovation.org | mike@blackinnovation.org STEMEDUCATION | CAPITALACCESS & INVESTMENT | HIGH-GROWTHENTREPRENEURSHIP