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Rhode Island Entrepreneurial Inventory

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A presentation on the Innovation and Entrepreneurial Ecosystem of Rhode Island, given at the opening workshop for the RI CIE (http://ri-cie.org).

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Rhode Island Entrepreneurial Inventory

  1. 1. Building From Strengths, Filling in Gaps The Rhode Island Innovation and Entrepreneurship ecosystem
  2. 2. Innovation and Entrepreneurship Inventory Ideas People Money Networks Places Enablers
  3. 3. Innovation and Entrepreneurship Inventory High Growth Starts Ideas People Money Networks Places Enablers
  4. 4. The Problem with Laundry Lists Missing: Scale, Connectedness, Impact
  5. 5. Where do big ideas come from? Institutional/Govt. Research Ideas NUWC ecosystem Lifespan/CNE University Research Brown, URI Young Entrepreneurs RISD, JWU, Bryant, PC, NEIT, RIC, CCRI Serial Entrepreneurs Homegrown & Quality of Life Immigrants BigCo R&D/Spinoff/Refugee APC Collisions
  6. 6. What Kind of People do we need? People 160K High Wage Jobs 10% Entrepreneurial = 16,000 1% Founder Potential = 1,600
  7. 7. What Kind of People do we need? People
  8. 8. What Kind of People do we need? Idea People People
  9. 9. What Kind of People do we need? Idea People People Researchers, Scientists, Designers, Developers
  10. 10. What Kind of People do we need? Idea People People Researchers, Scientists, Designers, Developers Hundreds
  11. 11. What Kind of People do we need? Idea People People Researchers, Scientists, Designers, Developers Hundreds Serial Entrepreneurs
  12. 12. What Kind of People do we need? Idea People People Researchers, Scientists, Designers, Developers Hundreds Serial Entrepreneurs Hundreds
  13. 13. What Kind of People do we need? Idea People People Researchers, Scientists, Designers, Developers Hundreds Serial Entrepreneurs Hundreds Entrepreneurial Support
  14. 14. What Kind of People do we need? Idea People People Researchers, Scientists, Designers, Developers Hundreds Serial Entrepreneurs Hundreds Entrepreneurial Support Thousand
  15. 15. What Kind of People do we need? Idea People People Researchers, Scientists, Designers, Developers Hundreds Serial Entrepreneurs Hundreds Entrepreneurial Support Thousand Youth Entrepreneurs
  16. 16. What Kind of People do we need? Idea People People Researchers, Scientists, Designers, Developers Hundreds Serial Entrepreneurs Hundreds Entrepreneurial Support Thousand Youth Entrepreneurs Thousands every year
  17. 17. Where does the Money come from? Pre-seed / Seed Money Federal Research STAC Grants ($1.5M) Betaspring ($250K planned) Cherrystone Angels Angel Health Early Stage Slater ($3M) Point Judith Capital SBA Loans Expansion Stage RI BDC EDC Loans Workforce Devt. Board
  18. 18. What Networks connect and energize?
  19. 19. What Networks connect and energize? IT and Digital Media Design & Creative Networks Providence Geeks AIGA RI Nexus IDSA Open Coffee Young Professionals Slater Sushi DxN TechCollective infogroup Pecha Kucha Betaspring Concentric DC401 NewB Camp Universities & Colleges FreeGeek Brown Forum for Enterprise NerdsDay Brown EP NetTech 2.0 Jogging with John Bioscience & Medical Green and Alt Energy TechCollective biogroup NESEA BioTuesday Green Drinks Slater Sushi Business Innovation Factory
  20. 20. Place: Clusters happen
  21. 21. Place: Clusters happen
  22. 22. Where do these networks meet and converge? Slater (Richmond Square and Davol Square) Places RI CIE AS220 | FabLab Steelyard Business Innovation Factory Wild Colonial
  23. 23. Places of convergence are too spread out
  24. 24. Places of convergence are too spread out
  25. 25. Epicenter of Silicon Valley?
  26. 26. Epicenter of Silicon Valley?
  27. 27. Epicenter of Silicon Valley?
  28. 28. Epicenter of Silicon Valley?
  29. 29. Innovation and Entrepreneurship Inventory Public/Private Partnerships Enablers STAC RI Research Alliance EPSCOR Chamber of Commerce SBDC Lawyers Accountants Marketers Ecosystem companies Graphic and Web Design Firms Contract Design and Manufacturing Specialist Consultants
  30. 30. Innovation and Entrepreneurship Inventory High Growth Starts Development Ideas People Money Networks Places Enablers
  31. 31. Providence: The funk advantage This? Or This?
  32. 32. Providence: The funk advantage This? Or This?
  33. 33. Providence: The funk advantage This? Or This?
  34. 34. Providence: The funk advantage This? Or This?

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