Startup Community obsessions for 2017
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I was asked to talk about Maine's startup and innovation community for a keynote luncheon. I ended up talking about the 5 things that I'm already obsessed about for 2017.
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Startup Community obsessions for 2017
- 1. GROWING MAINE’S STARTUP & INNOVATION COMMUNITY JESS KNOX MAINE ACCELERATES GROWTH & CO-FOUNDER OF VENTURE HALL @JKNOX78251
- 2. Disclaimer
- 4. • “Innovation Driven Enterprises” (IDEs) are pursuing global opportunities based on bringing customers new innovations that have a clear competitive advantage and high- growth potential. • “Small Medium Enterprises” (SMEs) are serving local markets with traditional, well-understood business ideas and limited competitive advantage.
- 8. ECOSYSTEM MILESTONES 1980s 2000s 20101990s • IDEXX goes public • Kepware Technologies founded (95) • Stonewall Kitchen founded (91) • Bluetarp founded (98) • Hydrophoton founded (98) • ME School & Library network created (1995) • MITC launched (1996) • Maine Venture Fund created (1996) • MCED launched (1996) • Maine Econ Improvement Fund created (1998) • MTI created (1999) • Fresh Samantha acquired (00) • Maine Angels founded (03) • Putney Vet founded (06) • Cashstar founded (07) • MLTI launched (02) • WEX goes public (05) • Maine science and Tech plan launched (07) • Vets First Choice founded (10) • UMaine Business Challenge launched (10) • 1st priv co-working space Think Tank (10) • Maine Robotics Institute launched (12) • Startup Portland Launched (12) • 1st Startup Weekend (13) • iVantage founded (11) • Maine Startup and Create Week launched (14) • Putney Vet acquired for $200 mill (16) • Kepware acquired for $100 mill (15) • Greenlight Maine launched (15) • 1st private college incubator – The Hatchery at COA (15) • Bangor Angels launched (15) • 1st private accelerator program launched – Venture Hall (16) • 1st private startups enews launched – Maine Startups Insider (16) • Co-working spaces in August, Westbrook, Biddeford, Bangor & Lewiston open up (16) • IDEXX Founded (1983) • Wright Express founded (1983) • Burt’s Bees founded (1984) • First state bonding for economic development (BIW dry dock)
- 9. MORE INDICATORS OF MOMENTUM • An explosion in collaborative & co-working spaces – from 3 in Portland to 10 - Biddeford, Ellsworth, Bangor, Lewiston, Bethel, Brunswick, Augusta, Westbrook, and Portland (4). • We’ve doubled the average # of venture capital deals per year from 2010-16 • Write-ups in Popular Mechanics and Inc. Magazine about our ecosystem. • Since 2000, Maine companies have raised $668,621,839.00 in funding (Crunchbase data)
- 10. What does 2017 have in store for our startup and innovation community? 5 things I’m focused
- 11. #1 OBSESS OVER THE NEED FOR MINDSET CHANGE
- 12. TWO AREAS OF WORK: •Open versus Closed •Big versus Small
- 13. Learning Mindset = Innovation Or the other option…
- 15. #2 BUILD MORE OPPORTUNITIES FOR BEING KIND AND LESS FOR JUST BEING NICE
- 18. #3 CONNECT WAY MORE OF THE ”R” WITH THE ”D”
- 19. Fairchild Semiconductor Bell Labs Shockley Transistor Intel Significance for Silicon Valley
- 21. #4 DRIVE AND SUPPORT EFFORTS AT INNOVATIVE CONNECTIONS & DISRUPTIVE APPROACHES
- 22. The Why.
Editor's Notes
- If it was easy to to this…everyone would have figured it out. But it’s a bit like the Gordian Knot.
- I consider myself a gardener, a soil improver – focused on the conditions of growth and innovation.
- Key defenitiional difference. I’m focused on IDEs. Maine is great at SMEs. But net new job creation comes from SMEs.
- Here is the strategy for building robust startup communities
- What the hell is an ecosystem? It’s not always well organized. Sometimes competition breeds performance. It’s about the rainforest and not the industrial farming.
- Look at the changing landscape in Maine’s startup and innovation ecosystem. The white are initiatives driven by the private secotr and the black are driven by the public sector. Leaders and Feederss.
- We cannot just be cheerleaders. We must do more and drive more accountability and more time pressure.
- Use a critical eye.
- Look at the background and the family tree of innovation. We can do that too. But we need a strategy.
- Tide pools without waves die of lack of oxygen. Our ecosystem is like a tide pool. It must constantly refresh itself and encourage and embrace new people, diverse perspectives and new approaches. That way new things will grow and flourish.
- The Millinocket Marathon. No permission asked. Led by entrepreneur. Ground-up. A movement.
- It takes a community to build an ecosystem.