Startup Stories and the New
Vermont Economy
PRESENTATION TO
THE BETTER MIDDLEBURY PARTNERSHIP
April 16, 2014
SPORTS AND REC
ENERGY AND ENV
MANUFACTURING
FOOD PRODUCTS
BIOSCIENCES
“Between the Tigris of I-91 and the Euphrates of Rt 7”
STARTUP COMMUNITIES
Places where the conditions are
favorable to the spread of ideas and
business formation.
* Brad Feld, ...
STARTUP COMMUNITIES
Led by entrepreneurs.
STARTUP COMMUNITIES
Led by entrepreneurs.
Long-term commitment.
STARTUP COMMUNITIES
Led by entrepreneurs.
Long-term commitment.
Philosophy of inclusiveness.
STARTUP COMMUNITIES
Led by entrepreneurs.
Long-term commitment.
Philosophy of inclusiveness.
Engage entrepreneurial stack.
VERMONT’S OPPORTUNITY
Montreal ~ Games & Visual Effects
New York ~ Film & New Media
Massachusetts ~ Biotech & Energy
New York ~ Nanotech & Optics
Community Colleges of Vermont
Vermont State Colleges
Economic Growth
Incentive
Procurement Technical
Assistance
Growth support
Startup finance and support
Idea generation and concept development
The ecosystem is the conversation...
HOW THE AGENCY OF COMMERCE
SUPPORTS THE STACK
OCE SPONSORSHIPS
18 events
11 towns statewide
$18,000 disbursed
$350,000 in expenditures
HOW THE AGENCY OF COMMERCE
SUPPOR...
31 projects
21 communities
$2,000,000 in credits
$18,000,000 leveraged
DOWNTOWN TAX CREDITS
HOW THE AGENCY OF COMMERCE
SUP...
83 awards
37 companies
$387,000 approved
STEM INCENTIVE
HOW THE AGENCY OF COMMERCE
SUPPORTS THE STACK
519 contracts
83 companies
$73,822,954 in awards
PROCUREMENT TECHNICAL
ASSISTANCE
HOW THE AGENCY OF COMMERCE
SUPPORTS THE ...
37 approved/active applications
$33,709,818 in incentives authorized
$546,615,638 capital investment
6,145 new jobs projec...
FEEDING THE STACK
• Young entrepreneurs orgs
• Office hours
• Tech meetups
• Coffee clubs
• Startup weekend
• Ignite, pitc...
@VermontOCE
facebook.com/vermontoce
vermontoce.tumblr.com
instagram.com/vermontoce
youtube.com/vermontoce
Connect
Thank You!
Lars Hasselblad Torres
802-917-1788
lars.torres@state.vt.us
Startup Stories and the New Vermont Economy
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Startup Stories and the New Vermont Economy

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What are some of the ways Vermont can strengthen our entrepreneurial ecosystem? How is the Agency of Commerce providing support today? What concrete steps can Vermont towns take to cultivate a startup community? A few ideas presented to the Better Middlebury Partnership, where a vibrant community is taking shape.

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Startup Stories and the New Vermont Economy

  1. 1. Startup Stories and the New Vermont Economy PRESENTATION TO THE BETTER MIDDLEBURY PARTNERSHIP April 16, 2014
  2. 2. SPORTS AND REC ENERGY AND ENV MANUFACTURING FOOD PRODUCTS BIOSCIENCES
  3. 3. “Between the Tigris of I-91 and the Euphrates of Rt 7”
  4. 4. STARTUP COMMUNITIES Places where the conditions are favorable to the spread of ideas and business formation. * Brad Feld, Startup Communities: Building an Entrepreneurial Ecosystem in Your City
  5. 5. STARTUP COMMUNITIES Led by entrepreneurs.
  6. 6. STARTUP COMMUNITIES Led by entrepreneurs. Long-term commitment.
  7. 7. STARTUP COMMUNITIES Led by entrepreneurs. Long-term commitment. Philosophy of inclusiveness.
  8. 8. STARTUP COMMUNITIES Led by entrepreneurs. Long-term commitment. Philosophy of inclusiveness. Engage entrepreneurial stack.
  9. 9. VERMONT’S OPPORTUNITY
  10. 10. Montreal ~ Games & Visual Effects New York ~ Film & New Media Massachusetts ~ Biotech & Energy New York ~ Nanotech & Optics
  11. 11. Community Colleges of Vermont Vermont State Colleges
  12. 12. Economic Growth Incentive Procurement Technical Assistance
  13. 13. Growth support Startup finance and support Idea generation and concept development The ecosystem is the conversation...
  14. 14. HOW THE AGENCY OF COMMERCE SUPPORTS THE STACK
  15. 15. OCE SPONSORSHIPS 18 events 11 towns statewide $18,000 disbursed $350,000 in expenditures HOW THE AGENCY OF COMMERCE SUPPORTS THE STACK
  16. 16. 31 projects 21 communities $2,000,000 in credits $18,000,000 leveraged DOWNTOWN TAX CREDITS HOW THE AGENCY OF COMMERCE SUPPORTS THE STACK
  17. 17. 83 awards 37 companies $387,000 approved STEM INCENTIVE HOW THE AGENCY OF COMMERCE SUPPORTS THE STACK
  18. 18. 519 contracts 83 companies $73,822,954 in awards PROCUREMENT TECHNICAL ASSISTANCE HOW THE AGENCY OF COMMERCE SUPPORTS THE STACK
  19. 19. 37 approved/active applications $33,709,818 in incentives authorized $546,615,638 capital investment 6,145 new jobs projected VERMONT EMPLOYEE GROWTH INCENTIVE HOW THE AGENCY OF COMMERCE SUPPORTS THE STACK
  20. 20. FEEDING THE STACK • Young entrepreneurs orgs • Office hours • Tech meetups • Coffee clubs • Startup weekend • Ignite, pitching • Mentor marketplace • Welcome mat, road map • Beta days • Startup digest • New venture challenge • Startup week • Entrepreneurs foundation • Accelerators
  21. 21. @VermontOCE facebook.com/vermontoce vermontoce.tumblr.com instagram.com/vermontoce youtube.com/vermontoce Connect
  22. 22. Thank You! Lars Hasselblad Torres 802-917-1788 lars.torres@state.vt.us

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