Cincinnati Entrepreneurial  Ecosystem <ul><li>What, Where, Who, & Why </li></ul><ul><li>By: </li></ul><ul><li>Patrick Long...
A Little Background on Patrick Longo <ul><li>Local Product / Been Elsewhere / Homer </li></ul><ul><li>Somewhat Educated </...
So, is entrepreneurship “???  Alive or Dead  ???”  in Greater Cincinnati? <ul><li>Do we have innovative and scaleable idea...
What’s happening “Entrepreneurially”  in Greater Cincinnati <ul><li>Intermediary Agencies are listening </li></ul><ul><li>...
Entrepreneurial Assistance Available  to Greater Cincinnati Entrepreneurs <ul><li>One on One Counseling / Coaching </li></...
Who’s Playing in the Entrepreneurial Sandbox <ul><li>C-Cap </li></ul><ul><li>The Circuit </li></ul><ul><li>TechSolve </li>...
Growing the Assistance Continuum <--------Business Incubation-----------> <-------Morning Mentoring-------> <----Brandery ...
What does HCBC offer? <ul><li>Full Service Business Incubation Program </li></ul><ul><li>Outreach Program </li></ul><ul><l...
HCBC’s Business Incubation  & Outreach Target Areas <ul><li>Early Stage </li></ul><ul><li>Innovative </li></ul><ul><li>Sca...
Business Incubation Services Offered <ul><li>Business Plan Review and Implementation Assistance </li></ul><ul><li>Technolo...
HCBC – Tale of the Tape History - Since 1989 <ul><li>Clients Served – 280  </li></ul><ul><li>Graduate Revenues -  $210 MM+...
HCBC – Tale of the Tape Past 12 months <ul><li>Current Clients –  48 </li></ul><ul><li>Client Revenues –  $17.2 MM </li></...
Early Stage, Local Companies  to watch
Entrepreneur Start Up Check List <ul><li>Have you written a business plan? </li></ul><ul><li>Have you bounced your plan of...
Questions & Thank You <ul><li>Patrick Longo </li></ul><ul><li>HCBC </li></ul><ul><li>1776 Mentor Avenue </li></ul><ul><li>...
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Patrick Longo - Cincy Entrepreneurial Ecosystem

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Patrick Longo - Cincy Entrepreneurial Ecosystem

  1. 1. Cincinnati Entrepreneurial Ecosystem <ul><li>What, Where, Who, & Why </li></ul><ul><li>By: </li></ul><ul><li>Patrick Longo </li></ul><ul><li>Hamilton County Business Center </li></ul><ul><li>November 17, 2011 </li></ul>
  2. 2. A Little Background on Patrick Longo <ul><li>Local Product / Been Elsewhere / Homer </li></ul><ul><li>Somewhat Educated </li></ul><ul><li>Somewhat Experienced </li></ul><ul><li>Somewhat Connected </li></ul><ul><li>Restless Spirit </li></ul><ul><li>Part time Risk Taker </li></ul><ul><li>Decent Listener </li></ul><ul><li>Likes to Try New Things </li></ul>
  3. 3. So, is entrepreneurship “??? Alive or Dead ???” in Greater Cincinnati? <ul><li>Do we have innovative and scaleable ideas? </li></ul><ul><li>Do we have talent? </li></ul><ul><li>Do we have capital? </li></ul><ul><li>Do we have a track record? </li></ul><ul><li>Do we have the assistance tools in place to make this all happen? </li></ul><ul><li>One man’s opinion …………..... Entrepreneurship is “Alive” in Greater Cincinnati!!! </li></ul>
  4. 4. What’s happening “Entrepreneurially” in Greater Cincinnati <ul><li>Intermediary Agencies are listening </li></ul><ul><li>Capital is available </li></ul><ul><li>Government is acting </li></ul><ul><li>Universities are being leveraged </li></ul><ul><li>Results are occurring </li></ul><ul><li>Media is paying attention </li></ul><ul><li>Entrepreneurs are getting more engaged </li></ul><ul><li>Location – Greater Cincinnati </li></ul>
  5. 5. Entrepreneurial Assistance Available to Greater Cincinnati Entrepreneurs <ul><li>One on One Counseling / Coaching </li></ul><ul><li>Incubation Programs </li></ul><ul><li>Networking Events </li></ul><ul><li>Structured Entrepreneurial Training </li></ul><ul><li>Access to Capital (Traditional & Non-Traditional) </li></ul><ul><li>Connectivity to Local Universities </li></ul><ul><li>Clearinghouse Services </li></ul><ul><li>Media </li></ul><ul><li>Sources – SBDC Clearing House Resource and HCDC/HCBC </li></ul>
  6. 6. Who’s Playing in the Entrepreneurial Sandbox <ul><li>C-Cap </li></ul><ul><li>The Circuit </li></ul><ul><li>TechSolve </li></ul><ul><li>Bio/Start </li></ul><ul><li>SCORE </li></ul><ul><li>UC </li></ul><ul><li>XU </li></ul><ul><li>Miami University </li></ul><ul><li>HCBC / HCDC </li></ul><ul><li>Minority Business Coalition </li></ul><ul><li>Brandery </li></ul><ul><li>Queen City Angels </li></ul><ul><li>CincyTech USA </li></ul><ul><li>GCVA </li></ul><ul><li>SBDC’s </li></ul><ul><li>Local Capital Providers </li></ul><ul><li>N. Ky E Zone </li></ul><ul><li>Entrepreneurs </li></ul><ul><li>Experienced Business People </li></ul><ul><li>Business Intermediaries </li></ul><ul><li>Media – Enquirer, Soapbox, etc </li></ul>
  7. 7. Growing the Assistance Continuum <--------Business Incubation-----------> <-------Morning Mentoring-------> <----Brandery -------> <-----------Regional Entrepreneurs Forum-----------> <--------Vaanguard------->  -----------Outreach----------------> <-------------CincyTech---------------->
  8. 8. What does HCBC offer? <ul><li>Full Service Business Incubation Program </li></ul><ul><li>Outreach Program </li></ul><ul><li>Angel HQ </li></ul><ul><li>SBA 504 Loan Program </li></ul><ul><li>State of Ohio 166 Loan Program </li></ul><ul><li>HCBC Small Loan Program </li></ul><ul><li>Hamilton County Office of Economic Development </li></ul><ul><li>Procurement Technical Assistance Center </li></ul><ul><li>Morning Mentoring </li></ul><ul><li>SoundingBoard </li></ul><ul><li>Regional Entrepreneurs Forum </li></ul><ul><li>Bootcamp </li></ul><ul><li>Vaanguard Mentoring Network </li></ul>
  9. 9. HCBC’s Business Incubation & Outreach Target Areas <ul><li>Early Stage </li></ul><ul><li>Innovative </li></ul><ul><li>Scaleable </li></ul>
  10. 10. Business Incubation Services Offered <ul><li>Business Plan Review and Implementation Assistance </li></ul><ul><li>Technology Commercialization Assistance </li></ul><ul><li>SBIR Grant Assistance </li></ul><ul><li>Goal & Milestone Setting </li></ul><ul><li>Business Coaching </li></ul><ul><li>Connections to Region’s Resources </li></ul><ul><li>Access to Capital Programming & Services </li></ul><ul><li>Networking </li></ul><ul><li>Educational Programs </li></ul><ul><li>Flexible Rental Space and Equipment </li></ul><ul><li>Vibrant Environment </li></ul>
  11. 11. HCBC – Tale of the Tape History - Since 1989 <ul><li>Clients Served – 280 </li></ul><ul><li>Graduate Revenues - $210 MM+ annually </li></ul><ul><li>Access to Capital – $102 MM </li></ul><ul><li>Average Salary / Job - $48K + </li></ul><ul><li>Total Jobs – 1,750 </li></ul><ul><li>Graduate Companies – 115 </li></ul><ul><li>Success Rate – About 60% </li></ul>
  12. 12. HCBC – Tale of the Tape Past 12 months <ul><li>Current Clients – 48 </li></ul><ul><li>Client Revenues – $17.2 MM </li></ul><ul><li>Access to Capital – $7.8 MM </li></ul><ul><li>Average Salary / Job - $51K + </li></ul><ul><li>New Jobs – 48 </li></ul><ul><li>Total Jobs – 197 </li></ul><ul><li>Graduate Companies - 2 </li></ul>
  13. 13. Early Stage, Local Companies to watch
  14. 14. Entrepreneur Start Up Check List <ul><li>Have you written a business plan? </li></ul><ul><li>Have you bounced your plan off of friends and family? (Comfort Zone) </li></ul><ul><li>Have you connected to local business assistance resources? (Non-Comfort Zone) </li></ul><ul><li>Are you networking in the right places? </li></ul><ul><li>Can a local university or incubation program be of assistance to your start-up or growing venture? </li></ul><ul><li>If necessary, have you connected with traditional and non-traditional capital providers? </li></ul><ul><li>Remember that these resources are still available to you even after you have started your venture </li></ul><ul><li>Get Active, Get Connected, and Grow Your Business </li></ul>
  15. 15. Questions & Thank You <ul><li>Patrick Longo </li></ul><ul><li>HCBC </li></ul><ul><li>1776 Mentor Avenue </li></ul><ul><li>Cincinnati, Ohio 45212 </li></ul><ul><li>(513) 631-8292 </li></ul><ul><li>[email_address] </li></ul><ul><li>www.HCDC.com/incubation </li></ul><ul><li>Twitter - http://twitter.com/entrementor </li></ul>

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