ENTREPRENEURIAL FOUNDATIONUpper Cumberland Entrepreneurial FoundationThe goal of our organization is building the entrepreneurial eco-system. Ourfocus is on entrepreneurial ventures that are meant to be larger than ourregion; those that have a large base of customers from outside our regionand are poised to grow quickly.We offer distinct programs:• An organized, mentor-driven process to build a better business model• Connections to other entrepreneurs, mentors, advisors, and capital• A community of like-minded and supportive individuals pulling together tosupport startups• An air traffic controller and host for entrepreneurial activity in the region• The lead evangelist for entrepreneurs in the region.Seed Funding * Mentorship * Connections * Office Space * Administrative Support
ENTREPRENEURIAL ECOSYSTEMENTREPRENEURSLARGE ENTERPRISESERVICE PROVIDERS GOVERNMENTMEDIAMENTORS UNIVERSITIESINVESTORSHOW DO WE BUILD ANENTREPRENEURIAL ECOSYSTEM?LEADERSHIPTALENTNETWORKDENSITYENGAGEMENTINVESTMENTCAPITAL
Upper Cumberland Focus: 14 CountiesRural, Innovative Community with Regional Assets:• Diverse Economic & Industrial Economy• Regional Partners & Cooperation• Tennessee Technological University• Roane State Community College• Motlow State Community College• Tennessee State University Research StationInnovation & Entrepreneur Focus• Agricultural• Biotechnology• Green/Alternative Energy
BUSINESS ACCELERATORDiscovery, Development, ValidationLAUNCH*OPEN*GOLIVET-TT+BUSINESS PLANMANAGEMENTEXECUTIONRISKINNOVATIONINVESTABLE?NOT TAUGHTMINIMAL RISKREPETITIVETAUGHTINVESTABLEBIZ FOUNDRY: WHAT WE DO
Entrepreneurs/Startups• Searching for INNOVATORS and THINKERS of the community that have an idea, aconcept, or prototype that needs to be scaled to a SUSTAINABLE profitable model• Providing a COLLABORATIVE ENVIRONMENT in which entrepreneurs and their ideas canTHRIVE around a commercially VIABLE and SCALABLE modelMentors/Industry Experts• COMMUNITY-MINDED ENTREPRENEURS and SUBJECT EXPERTS that are looking toGIVE BACK to those beginning their entrepreneurial journey• Dedicated hard-working individuals that want to contribute to a VIBRANTENTREPRENEURIAL ECOSYSTEM.• Individuals who are interested in applying a lifetime of business or industry experience toHELP startups and entrepreneurs succeed.Investors• Position SPONSORS and INVESTORS at the frontlines of the CUTTING EDGE innovationemerging in the region.• MAXIMIZE an investor’s return in an idea or company by greatly REDUCING THE RISK forfailure by improving clinical outcomes and building GOOD companies.Who We Are Looking For
Tennessee is a hotbed for startups andentrepreneurs: 15th in nation for entrepreneurialactivity, 17th in friendliest for entrepreneurs 100 new companies began in 2012 from thebusiness accelerators in Tennessee, raising over$17 million in capital Every $1 invested in an accelerator generates anaverage $30 of tax revenue In 2011, North American incubators andaccelerators assisted about 49,000 start-upcompanies that provided full-time employment fornearly 200,000 workers and generated annualrevenue of almost $15 billion Business incubators reduce the risk of smallbusiness failures; statistically 87 percent of all firmsthat have graduated from their programs are still inbusiness.