U Portland - Reviewing Your Entrepreneurship & Innovation Ecosystem - Open 2011
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U Portland - Reviewing Your Entrepreneurship & Innovation Ecosystem - Open 2011 U Portland - Reviewing Your Entrepreneurship & Innovation Ecosystem - Open 2011 Presentation Transcript

  • Reviewing Your Entrepreneurship and Innovation Ecosystem:A Case Study for Portland, Oregon
    Jon Down, Ph. D. & Peter Rachor
    University of Portland
    (Oregon)
    3/25/2011
    Center For Entrepreneurship
    2
  • Project Background
    City Economic Development Agency Commissioned Study of “State of Entrepreneurship” in Portland
    Univ of Portland was awarded project competing with 12 other proposers, included researchers from other organizations to form “dream team”
    Rob Wiltbank, Ph. D. – Willamette Univ.
    Joe Cortright – Impresa Consulting
    Project Start – May, 2010
    3/25/2011
    Center For Entrepreneurship
    3
  • Project Scope and Methodology
    In Person Interviews and Follow
    Up Online Survey – 100 KOL
    Online Surveys to Members of
    Relevant Industry Associations
    Review of Literature and Prior Studies
    Benchmark Cities – SFO/SEA/DEN/AUS/MSP/CVG
    Determination of Appropriate Metrics
    3/25/2011
    Center For Entrepreneurship
    4
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  • Entrepreneurship: What Is It?
    For the study “entrepreneurship” is broadly defined to include starting and growing high potential businesses that may be likely to take advantage of outside funding, as well as established small businesses that are innovative and growth-oriented.
    GEM, Kauffman, Lowe Foundation, SBA, Census of Business Owners
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    Center For Entrepreneurship
    6
  • What Matters to Policy Makers?
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  • Employment & Wealth Creation
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  • A City is More Entrepreneurial If…
    more spin outs and patent activity, a large number of smaller firms, with many people starting new firms, more highly educated workers with positive migration, more spin outs and patent activity, more venture funding activity, and a large number of wealthy people.
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  • Key Areas of Assessment
    Talent/Workforce
    Innovation
    Capital Access
    Ecosystem
    Activity
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    Innovation Measurements
    Research Universities
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    Sources of Start Up & Growth Capital
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  • Clusters and Venture Capital
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  • VC Will Become More Competitive and Fewer Companies Will Access It
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    FIGURE 1: Number of Top 5 Percent Growing Firms, by Age
    FIGURE 1: Number of Top 5 Percent Growing Firms, by Age
    Top 1% Performing Firms by Size
  • Economic Development DynamicsNumber of Top 5 Percent Growing Firms, by Age
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    Center For Entrepreneurship
    23
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  • Take Aways
    Cities will High Levels of Entrepreneurial Activity Don’t Necessarily Produce The Highest Levels of Large Employer Firms or Wealth
    Time and Historical Horizon Matters A Lot in Evaluation of Results…But What About the Future?
    Attitude and Aspiration Are Very Significant Influencers of Firm Creation and Growth
    Are High Wages Jobs and Wealth the Best (or Only) Measures of Entrepreneurial Economic Development?
    3/25/2011
    Center For Entrepreneurship
    26