Portland Urban Innovation Roundtable - Strategic Assembly Plan - June 2012
Urban Innovation Roundtable Portland, Oregon
Pipeline to Productivity entrepreneurs capital education workforce jobs high-wage workersChallenge: How does the greater Portlandregion ensure economic contribution andcompetitiveness from all communities to liquidity eventstrengthen the overall economy foreveryone in the region? investors wealth
Pipeline to ProductivityChallenge: How do weestablish a more level field ofopportunity, investment andoutcomes that effectivelyaddress historically chroniceconomic disparities andhelp the small grow big?Goal: Increased productivity through inclusiveeconomic competitiveness, resulting ingreater job growth and wealth creation.
Pipeline to ProductivityEducation: How do we investin the education pipeline toensure a substantial increasein the flow of workerscapable and qualified tocontribute to a 21st centuryfast-paced, knowledge-based, tech-driven globalinnovation economy?
Pipeline to ProductivitySTEM Education: How do weensure no child is left behindin an increasingly tech-drivenentrepreneurial landscape?
Pipeline to ProductivityEntrepreneurship: How do we inspire, prepare and equip high-growth entrepreneurs across the spectrum of economicdisparities, resulting in growing companies that produce anincrease in job growth in our region?
Pipeline to ProductivityCapital: How do we providechannels of access to riskcapital and innovative fundingoptions for startups, existingsmall businesses and growth-stage enterprises? Kauffman Foundation: Nearly all net new job growth in the U.S., since 1980, is due to companies five years old and younger.
Pipeline to Productivity Seeking Investment BRIDGE: How do we connect the economicallyCONNECTED DISCONNECTED disconnected to the Community OrgsEntrepreneur Resource Orgs Social / Civic OrgsAngel Groups regional innovation Public SchoolsVenture CapitalCorporations ecosystem, from the ChurchesSmall Businesses pipeline of STEM educationPublic School DistrictsColleges / Universities to the productivity of high-FoundationsGovernment agencies growth entrepreneurship?Financial InstitutionsProfessional AssociationsBusiness AlliancesEconomic Development Orgs How do we ensure equity investments in our communities to reap a greater economic output contribution that strengthens the regional economy?
Pipeline to Productivity Seeking Investment OUTCOMES: How do we create measurableCONNECTED DISCONNECTED outcomes in all regional Community OrgsEntrepreneur Resource Orgs Social / Civic OrgsAngel Groups communities across the Public SchoolsVenture CapitalCorporations three core foundations of ChurchesSmall Businesses the innovation economy?Public School DistrictsColleges / UniversitiesFoundationsGovernment agencies INNOVATION ECONOMYFinancial InstitutionsProfessional Associations • STEM Education & Workforce DevelopmentBusiness AlliancesEconomic Development Orgs • Entrepreneurship (Focus on High-Growth) • Access to Capital & Capital Formation JOB GROWTH * WEALTH CREATION
Urban Innovation Roundtable Seeking Investment IDEA: Establish an Inclusive Decision-Making Leadership Body. DISCONNECTEDCONNECTED Community OrgsEntrepreneur Resource Orgs Unite leaders from within the Social / Civic OrgsAngel Groups Public Schools connected economic infrastructureVenture Capital ChurchesCorporations with leadership in economicallySmall Businesses disconnected communities aroundPublic School Districts a neutral roundtable of equality.Colleges / UniversitiesFoundationsGovernment agencies Goal: Work together to developFinancial Institutions multi-generational culturallyProfessional Associations competent inclusive economicBusiness AlliancesEconomic Development Orgs strategies, milestones and outcomes that strengthen the region’s economy for the benefit of all residents.
Urban Innovation Roundtable measurable outcomes Seeking InvestmentCONNECTED DISCONNECTED Community OrgsEntrepreneur Resource Orgs Social / Civic OrgsAngel Groups Public SchoolsVenture Capital ChurchesCorporationsSmall BusinessesPublic School DistrictsColleges / UniversitiesFoundationsGovernment agenciesFinancial Institutions Increased STEM educated communitiesProfessional AssociationsBusiness Alliances Increased tech-qualified workforceEconomic Development Orgs Increased High-Growth Entrepreneurship More Successful Companies and Jobs Stronger Regional Economy
Urban Innovation Roundtable How do we get started?Connecting the disconnected to an inclusive economic ecosystem from pipeline to productivity
Urban Innovation RoundtableThe UIR consists of two primary parts:Governing Board: Approves budget and provides resources necessaryto implement and sustain the strategies developed by the workinggroups to ensure multi-generational outcomes and the overall successof the UIR.3 Working Groups: Representing the 3 core foundations of theInnovation Economy, these Working Groups are comprised ofcollaborative leadership working together to develop strategies,milestones and outcomes that connect economically disconnectedsectors to the regional innovation ecosystem. STEM Education • Entrepreneurship • Access to Capital The America21 Project connects with stakeholders in the region, identifies a lead organization with which to partner, assembles the UIR and manages the initial process through the kickoff conference.
Portland Urban Innovation Roundtable UIR Working Groups STEM Education & High Growth Access to Capital & Workforce Development Entrepreneurship Capital Formation Filling the Pipeline Mining Opportunity Providing Resources Reducing Fail / Risk Relationships / Networks Disconnected Communities African American Hispanic Other Regional Data / Analytics Asset MappingConnecting the disconnected to an inclusive economic ecosystem from pipeline to productivity
Urban Innovation RoundtableThe America21 Project connects with stakeholders in the region, identifies alead organization with which to partner, assembles the UIR and manages theinitial process through the kickoff conference: National Urban Innovation Conference and STEM Expo (Q1 2013)Assembly Process:• Identify lead organization; establish seed funding to cover assembly process• Identify and engage regional stakeholders; establish commitment to process• Establish and convene Governing Board• Establish and convene Working Groups• Provide UIR with Asset Mapping Report and Framework for Outcomes• Transition UIR to permanent structure established by stakeholders• America21 begins work of producing National Urban Innovation Conference
Urban Innovation Roundtable Working Groups Assembly Structure: Example 1STEM Working Group: Entrepreneur Working Group: Capital Working Group:Identifies Best Practices Establishes resource-rich Identifies and structuresnationwide and extends programs to promote local capital resources toinvitation to participate in entrepreneurship, networking, support the outcomes of2013 STEM Expo. education, mentoring and the Entrepreneur WorkingEstablishes measurable bridging disconnected sectors Group.goals for improved to the innovation ecosystem. Establishes an Urbaneducational achievement Establishes measurable goals Angels Group with anand implementation of for producing funded startups Urban Innovation Fund.select STEM programs in and expansion of existing Recruits and educates highparticipating schools. businesses.* net worth individuals to growth the Urban Angels group.* *Example Goal: 3 funded startups and 2 expanded local businesses in Y1. Successful model will reap exponential results in subsequent years.
Urban Innovation Roundtable Working Groups Assembly Structure: Example 2INNOVATION NATION ACCELERATING INNOVATION: INNOVATION ECOSYSTEM:CHALLENGE: UIR Working Groups choose 5 UIR provides funding forAmerica21 develops online additional in-state startups to the operation of thenational Startup Contest. join the UIR accelerator. accelerator and an UrbanEntries are vetted by the Working Group members offer Innovation Fund to investUIR Working Groups. mentoring and wraparound in companies that pass the10 startups are chosen to resources to ensure the best due diligence phase.come to Portland and work possible opportunity for all of Companies agree toin a co-working facility the companies to succeed. remain in the region and(branded accelerator) with Company founders (teams of hire local talent andaccess to resources offered 2-5 max) launch within six collaborate with localby the UIR for a specified months or must leave the businesses in their supplytime to launch or leave. accelerator. Successful chain as much as is companies can extend up to reasonable. an additional six months.
Urban Innovation Roundtable Official conference will kickoff the UIR with a nationwide spotlight National Urban InnovationConference & STEM Education Expo Portland will be the epicenter for Inclusive Competitiveness Strategies, attracting best practices leaders from around the nation. The White House will participate in support of its Urban Entrepreneurship Summit that has traveled the nation.
THE UIR ASSEMBLY PROCESS 5 Phases Urban Innovation Roundtable Portland, Oregon Empowering economically disconnected urban sectors with innovativeinfrastructures to expand and strengthen the regional economic ecosystem.
Portland Urban Innovation Roundtable Benefits: Develop New Economic Framework Establish New Collaborations Support Historic Effort Commit Seat on Governing Board PHASE 1 SPONSOR • FUNDING • IN-KIND Month 1-2 Secure office space & other resources Secure seed funding Establish partnerships for mapping / board development / fundraising Secure commitments from leaders in established and disconnected sectorsConnecting the disconnected to an inclusive economic ecosystem from pipeline to productivity
Portland Urban Innovation Roundtable Benefits: Positive Community Relations Positive Media Relations Expand Reach / Branding Engage PHASE 2 IDENTIFY • ENGAGE • INFORM Month 2-4 Establish Advisory Groups from Disconnected Communities Identify and Connect Disconnected Community Programs Partner with Government & Regional Economic Agencies Build Relationships with Local Educational Institutions Identify and Connect with Existing Synergistic InitiativesConnecting the disconnected to an inclusive economic ecosystem from pipeline to productivity
Portland Urban Innovation Roundtable Benefits: Positive Community Relations Empower Advisory Groups Establish Knowledge Base Assess PHASE 3 ASSET IDENTIFICATION • MAPPING REPORT Month 3-5 Identify Partner Organizations / Groups / Universities Identify Specific Causes of Disparities Develop Regional List of Categorized Assets Develop Database Publish Phase 1 Report for UIRConnecting the disconnected to an inclusive economic ecosystem from pipeline to productivity
Portland Urban Innovation Roundtable Benefits: Positive Community Relations Create Alliance / Partnerships Historic Impact Convene Strengthen Regional Economy PHASE 4 GOVERNING BOARD • WORKING GROUPS • FUNDRAISING Month 3-5 Establish Governing Board from Connected & Disconnected Communities Develop Shared Vision and Plan for Sustainable Growth Engage STEM Oriented Working Group with Existing Groups Establish Entrepreneurship Working Group to Onboard Disconnected Form Work Group to Extend Angel/Capital Networks and Build RelationshipsConnecting the disconnected to an inclusive economic ecosystem from pipeline to productivity
Portland Urban Innovation Roundtable Benefits: Positive Community Relations Create Alliance / Partnerships Historic Economic Impact Express Increase innovation infrastructure Strengthen Regional Economy PHASE 5 LAUNCH UIR Month 4-6 Collaborative Urban Innovation Roundtable Launched Shared Vision Execution Begins / Launch website & monthly newsletter Establishes Portland as First Mover with Bragging Rights Launch Production of Major Event with Regional / National Media ExposureConnecting the disconnected to an inclusive economic ecosystem from pipeline to productivity
Portland Urban Innovation Program DELIVERABLES 6-8 MONTHS Baseline Asset Map of Target Regions Advisory Group From Each Target Disconnected Community Governing Board, Portland Urban Innovation Roundtable Three Working Groups, Portland UIR Communications Platform (website/newsletter/mobile/PR) National Urban Innovation Conference PlanConnecting the disconnected to an inclusive economic ecosystem from pipeline to productivity
Portland Urban Innovation RoundtableConnecting the disconnected to an inclusive economic ecosystem from pipeline to productivityContact: Contact:Mike Green, Co-founder America21 Dwayne Johnson, Partner, America21mike@blackinnovation.org email@example.com(541) 730-2164 (971) 217-7396