The document discusses building Arkansas's venture ecosystem to compete in the global innovation race. It outlines that sustained economic growth requires a continuous innovation cycle. While Arkansas faces challenges in this area, there are ongoing initiatives to help more ventures cross the "valley of death" between innovation and commercialization. These include new accelerators, incubators, angel networks, venture funds, and competitions to fill funding and talent gaps. The goal is to transform Arkansas from an "innovation hot spring" reliant on few firms into a more diversified "dynamic ocean" of sustained innovation and economic growth.
2014 startup report (2013 Year in Review)Jing Stiffler
The document provides an overview and summary of the tech startup ecosystem in the St. Louis region for the year 2013. It discusses key trends seen in 2013 including increased funding and revenues for startups, collaboration between entrepreneur support organizations, and the need for greater diversity and inclusion. It also provides rankings of the top 10 and fast growing startups based on metrics like funding, revenues, employees. New coworking spaces and facilities that opened in 2013 are highlighted.
Identifying regional strengths, growing your ecosystemMack Kolarich
This document provides an overview of frameworks for growing regions and their economies. It discusses perspectives from Brookings, Startup America, and Startup Weekend on building startup ecosystems. Examples are given of regions embracing strengths in areas like entertainment (Los Angeles), government (Washington D.C.), and manufacturing (Ohio). The document suggests identifying strengths and weaknesses to develop strategies and encourages applying the frameworks to Guadalajara through group exercises. The goal is to generate new ideas for improving regions and leveraging their potential.
This document discusses economic development strategies and theories. It provides an overview of what economic development is, why communities pursue it, and different perspectives on its goals. Common strategies discussed include business creation, retention, expansion, and attraction. The document also covers the shift to focusing on developing a region's infrastructure, human capital, innovation, and becoming a "knowledge economy". It concludes with the author's views that economic development should focus more on poverty reduction, human/intellectual capital, and developing an "Capital Index" to measure different types of capital in a region.
How to Get Involved in Shaping the Future of Michigan Business - Business InS...Detroit Regional Chamber
The document discusses ways to get involved in shaping the future of Michigan business. It provides information on investments and developments in Midtown Detroit from 2000-2010 totaling $1.8 billion. It also discusses Ann Arbor SPARK, the regional economic development organization, and its role in fostering entrepreneurship, providing services to businesses, and creating a common vision among organizations. The document outlines best practices for economic development including establishing goals, facilitating connections between groups, and providing funding and resources for emerging technologies and businesses.
The document discusses the global economic challenges and opportunities arising from the increasing importance of innovation. It notes that innovation will be the key differentiator of economic success for governments, businesses, and regions. For states and nations to prosper, they must develop innovation hubs and clusters through investment in education, infrastructure, and early-stage funding to commercialize new technologies. The document argues Arkansas needs to develop its innovation capabilities in order to compete globally and ensure long-term economic growth.
The document discusses the University of Wisconsin-Madison's initiatives to support new business startups, including resources provided through various university organizations. It notes that UW-Madison has helped create over 70,000 jobs in the region and highlights some successful startup companies that originated from the university. The university takes an active "hands-on" role in assisting with startup formation and operations through organizations like the Office of Corporate Relations and WARF.
Center for entrepreneurial studies nasf 2-12-2010NASF
A presentation on entrepreneurship by Lisa Sweeney, Center for entrepreneurial Studies (Stanford School of Business). Meeting held as part of the NASF (www.nasf.es) trip to Silicon Valley
Arizona Commerce Authority Entrepreneurial Company Programs & Resources by Ra...PHX Startup Week
The Arizona Commerce Authority provides several programs and resources to support entrepreneurs and startups in Arizona. These include the Angel Tax Credit Program, which provides tax credits for investors in certified startups; SBIR training workshops to help companies apply for federal grants; and the Arizona Innovation Challenge, which awards $3 million in grants semi-annually for technology commercialization. The ACA also manages the Arizona Innovation Accelerator Fund to stimulate loan financing for small businesses and manufacturers, and partners with various organizations across the state to build connections within Arizona's entrepreneurial ecosystem.
2014 startup report (2013 Year in Review)Jing Stiffler
The document provides an overview and summary of the tech startup ecosystem in the St. Louis region for the year 2013. It discusses key trends seen in 2013 including increased funding and revenues for startups, collaboration between entrepreneur support organizations, and the need for greater diversity and inclusion. It also provides rankings of the top 10 and fast growing startups based on metrics like funding, revenues, employees. New coworking spaces and facilities that opened in 2013 are highlighted.
Identifying regional strengths, growing your ecosystemMack Kolarich
This document provides an overview of frameworks for growing regions and their economies. It discusses perspectives from Brookings, Startup America, and Startup Weekend on building startup ecosystems. Examples are given of regions embracing strengths in areas like entertainment (Los Angeles), government (Washington D.C.), and manufacturing (Ohio). The document suggests identifying strengths and weaknesses to develop strategies and encourages applying the frameworks to Guadalajara through group exercises. The goal is to generate new ideas for improving regions and leveraging their potential.
This document discusses economic development strategies and theories. It provides an overview of what economic development is, why communities pursue it, and different perspectives on its goals. Common strategies discussed include business creation, retention, expansion, and attraction. The document also covers the shift to focusing on developing a region's infrastructure, human capital, innovation, and becoming a "knowledge economy". It concludes with the author's views that economic development should focus more on poverty reduction, human/intellectual capital, and developing an "Capital Index" to measure different types of capital in a region.
How to Get Involved in Shaping the Future of Michigan Business - Business InS...Detroit Regional Chamber
The document discusses ways to get involved in shaping the future of Michigan business. It provides information on investments and developments in Midtown Detroit from 2000-2010 totaling $1.8 billion. It also discusses Ann Arbor SPARK, the regional economic development organization, and its role in fostering entrepreneurship, providing services to businesses, and creating a common vision among organizations. The document outlines best practices for economic development including establishing goals, facilitating connections between groups, and providing funding and resources for emerging technologies and businesses.
The document discusses the global economic challenges and opportunities arising from the increasing importance of innovation. It notes that innovation will be the key differentiator of economic success for governments, businesses, and regions. For states and nations to prosper, they must develop innovation hubs and clusters through investment in education, infrastructure, and early-stage funding to commercialize new technologies. The document argues Arkansas needs to develop its innovation capabilities in order to compete globally and ensure long-term economic growth.
The document discusses the University of Wisconsin-Madison's initiatives to support new business startups, including resources provided through various university organizations. It notes that UW-Madison has helped create over 70,000 jobs in the region and highlights some successful startup companies that originated from the university. The university takes an active "hands-on" role in assisting with startup formation and operations through organizations like the Office of Corporate Relations and WARF.
Center for entrepreneurial studies nasf 2-12-2010NASF
A presentation on entrepreneurship by Lisa Sweeney, Center for entrepreneurial Studies (Stanford School of Business). Meeting held as part of the NASF (www.nasf.es) trip to Silicon Valley
Arizona Commerce Authority Entrepreneurial Company Programs & Resources by Ra...PHX Startup Week
The Arizona Commerce Authority provides several programs and resources to support entrepreneurs and startups in Arizona. These include the Angel Tax Credit Program, which provides tax credits for investors in certified startups; SBIR training workshops to help companies apply for federal grants; and the Arizona Innovation Challenge, which awards $3 million in grants semi-annually for technology commercialization. The ACA also manages the Arizona Innovation Accelerator Fund to stimulate loan financing for small businesses and manufacturers, and partners with various organizations across the state to build connections within Arizona's entrepreneurial ecosystem.
San Diego has transformed over the past 50 years from a defense-dependent region into a major hub for innovation through biotechnology and wireless technology due to a series of "happy accidents" and decisions in the 1950s-60s that established research institutions like UCSD and the Salk Institute. CONNECT, founded in 1985 at UCSD, has played a key role in facilitating collaboration between researchers, entrepreneurs, industry, and investors in the region, and has helped launch over 1,500 companies and provide $10 billion in funding. It provides programs and resources to support entrepreneurship, business creation, access to capital, and advocacy for innovation.
Silicon Valley 2010- Changes in the Circles of Influence from Prof Tom KosnikInCub3
This document provides an overview and summary of changes in Silicon Valley from 2000 to 2010 based on a presentation by Tom Kosnik and Lena Ramfelt. It discusses the major players and stakeholders in Silicon Valley, how they have changed over time, trends in areas like venture capital funding, the rise of incubators and accelerators, and how entrepreneurs have adapted to challenges.
High Performance Communities Praxis Strategy Groupdroby
The document discusses strategies for smaller communities to promote economic development through partnerships between university, industry and government in areas like specialized research, education and infrastructure development. It provides examples of initiatives like research corridors, rural technology centers, business accelerators and financial networks that leverage local assets to attract investment and foster entrepreneurship. The key is developing a compelling shared vision and aligning community efforts around high-potential opportunities.
The document discusses strategies for communities to leverage their hidden economic assets. It provides examples of how other communities have focused on talent, innovation, growing businesses, industry clusters, infrastructure like broadband, storytelling, and civic collaboration to develop asset-based economic growth. The presentation encourages attendees to consider their own community's assets in these areas and how they can be better utilized.
Am councils and nasvf presentation 3 march 2011Денис Гусев
This document discusses building innovation capacity in Russia. It identifies key elements of an innovation ecosystem including management knowledge, research partnerships, and investment partners. It examines Russian strengths and weaknesses in areas like research, venture capital, and government policy. It suggests metrics like patents, licenses, and jobs created to measure success and recommends actions over 12 to 36 months to strengthen the innovation ecosystem.
Corporate Innovation 101 - ADNOC 13 May 2019Asher Siddiqui
This document provides an agenda and overview for a corporate innovation seminar hosted by the Applied Innovation Institute. The seminar will cover corporate innovation 101 concepts, an innovation framework, and include a Q&A discussion. The agenda includes an introduction of the speaker, Asher Siddiqui, who has extensive experience in startups, venture capital, and corporate development. The document also provides context on the state of corporate innovation and strategies companies are using such as partnering, investing, and acquiring startups.
The document outlines the components of a $22.5 million entrepreneurial signature program grant in the Greater Cincinnati area, including executives in residence, an intensive due diligence process, a $10.4 million seed fund, and $1.5 million in imagining grants. It discusses investment criteria focusing on high growth, IT, bioscience or advanced manufacturing companies in Southwest Ohio with strong management. It also provides details on investments made so far and connections being made with private investors and venture capital funds to support the regional entrepreneurial ecosystem.
The document discusses various methods for raising capital to fund startup growth, including equity financing, debt financing, bootstrapping, government grants and loans, angel investors, venture capital firms, and strategic investors. It provides an overview of the advantages and disadvantages of each method, as well as examples of funding sources available in Arkansas, such as the Fund for Arkansas' Future angel fund and Arkansas Science & Technology Authority seed capital. The document emphasizes that having the right management team, product, and financial strategy are key to attracting investment.
The document discusses the Shoals Shift project, an initiative launched in 2014 using the Strategic Doing process to build a digital technology hub in northwest Alabama. Over 25 initiatives were completed through collaborative networks, creating a pipeline of new talent, companies, and jobs for the region. These initiatives included coding camps, startup competitions, meetup groups, and new investment funds. The project received state and federal grants totaling over $1 million and was recognized as a national finalist for leading economic development initiatives. The goal of Shoals Shift is to transform the region's economy and narrative around digital technology opportunities.
The document discusses challenges and opportunities for developing talent and workforce in Utah's technology and life science industries. It summarizes presentations from a technology breakfast event focused on these topics. Panelists discussed challenges for companies to meet growing workforce demands and the need for collaboration between education and industry. Ideas included investing in homegrown talent through academic programs and partnerships to develop a diverse and skilled local workforce.
The document discusses different types of entrepreneurs from micro-enterprises to venture companies and the various needs of entrepreneurs at different stages. It outlines the key elements needed to support entrepreneurs, including business assistance, networks, capital, and community infrastructure. The document advocates for creating an entrepreneurship support system by leveraging federal, state, and local assets that brings together all the necessary resources.
The document announces the 2014 Connecticut Innovation Summit, an annual event that brings together startups, investors, and resources to support company growth. It provides details on activities at the summit, including a company expo, mentor meetings, and a funding fair with various investors. The event aims to help emerging companies network, obtain guidance, and secure funding to support their potential for success.
The document discusses success with venture capital and angel investors. It provides an outline on the basics of the investor market, types of venture capital and angel investors, and what investors want. Examples are given of successful companies that received venture capital funding, including brief descriptions of the companies and their founders. The presentation aims to help audiences understand how to find and appeal to venture capital and angel investors.
The document discusses strategies for promoting innovation and economic growth through technology commercialization. It focuses on the TECNA conference in 2011 and Maryland's efforts to support innovation and entrepreneurs. Maryland's Technology Development Corporation (TEDCO) provides various funding programs to support technology transfer, startups, and helping existing companies modernize. To date, TEDCO's investments have led to over $435 million in downstream funding for the companies it supports.
The document discusses the role of university affiliated business incubators in economic development. It provides details about the admission process, services offered, and desired outcomes of incubators. Incubators support startup companies and local economic growth through resources like funding, office space, networking, and business expertise. They help new companies become investment-ready and create high-paying local jobs.
The Definitive Guide to the Phoenix Arizona Startup SceneBrianne Snook
Published by Launch Haus for our guests and fellow entrepreneurs, this is the definitive resource for all those working in the startup ecosystem of Phoenix and Greater Phoenix Arizona. Inspired by the Definitive Guide to Fort Collins, Hitchhiker's Guide to Boulder Tech Community and Sam Teller's Guide to LA Startups, Chris and I have decided to illuminate and connect the world to the amazing resources and players in the Valley of the Sun Ecosystem. Future iterations will ensue as we continue our primary research and interface activity.
The document provides information from the UEDA Summit including:
1) An introduction to the lightning round sessions which will have presentations in groups of three with 5 minutes each and no immediate Q&A, but questions can be asked at the end.
2) A financial report showing UEDA had a record positive net income of $11,874 in 2017 and expects to break even or have a modest income in 2018.
3) A summary of the LIGHTS regional innovation network which is leveraging the maker economy through multi-university partnerships and provides innovation gateway concepts including access to skills development, making equipment, and business assistance.
Bringing Silicon Valley to LatAm: Startup Ecosystems & InvestmentDave McClure
Dave McClure is a founding partner at 500 Startups, a $350 million venture capital fund and startup platform. He discussed 500 Startups' strategy of making many small investments in early-stage startups, with the goal of a few large exits. He explained how 500 Startups supports startups through different investment stages as they progress from validating their product to achieving revenue and growth. McClure also talked about opportunities for building startup ecosystems in Latin America and Miami, noting the need for more venture capital funds and critical factors like mentorship, capital, and a path to exits.
San Diego has transformed over the past 50 years from a defense-dependent region into a major hub for innovation through biotechnology and wireless technology due to a series of "happy accidents" and decisions in the 1950s-60s that established research institutions like UCSD and the Salk Institute. CONNECT, founded in 1985 at UCSD, has played a key role in facilitating collaboration between researchers, entrepreneurs, industry, and investors in the region, and has helped launch over 1,500 companies and provide $10 billion in funding. It provides programs and resources to support entrepreneurship, business creation, access to capital, and advocacy for innovation.
Silicon Valley 2010- Changes in the Circles of Influence from Prof Tom KosnikInCub3
This document provides an overview and summary of changes in Silicon Valley from 2000 to 2010 based on a presentation by Tom Kosnik and Lena Ramfelt. It discusses the major players and stakeholders in Silicon Valley, how they have changed over time, trends in areas like venture capital funding, the rise of incubators and accelerators, and how entrepreneurs have adapted to challenges.
High Performance Communities Praxis Strategy Groupdroby
The document discusses strategies for smaller communities to promote economic development through partnerships between university, industry and government in areas like specialized research, education and infrastructure development. It provides examples of initiatives like research corridors, rural technology centers, business accelerators and financial networks that leverage local assets to attract investment and foster entrepreneurship. The key is developing a compelling shared vision and aligning community efforts around high-potential opportunities.
The document discusses strategies for communities to leverage their hidden economic assets. It provides examples of how other communities have focused on talent, innovation, growing businesses, industry clusters, infrastructure like broadband, storytelling, and civic collaboration to develop asset-based economic growth. The presentation encourages attendees to consider their own community's assets in these areas and how they can be better utilized.
Am councils and nasvf presentation 3 march 2011Денис Гусев
This document discusses building innovation capacity in Russia. It identifies key elements of an innovation ecosystem including management knowledge, research partnerships, and investment partners. It examines Russian strengths and weaknesses in areas like research, venture capital, and government policy. It suggests metrics like patents, licenses, and jobs created to measure success and recommends actions over 12 to 36 months to strengthen the innovation ecosystem.
Corporate Innovation 101 - ADNOC 13 May 2019Asher Siddiqui
This document provides an agenda and overview for a corporate innovation seminar hosted by the Applied Innovation Institute. The seminar will cover corporate innovation 101 concepts, an innovation framework, and include a Q&A discussion. The agenda includes an introduction of the speaker, Asher Siddiqui, who has extensive experience in startups, venture capital, and corporate development. The document also provides context on the state of corporate innovation and strategies companies are using such as partnering, investing, and acquiring startups.
The document outlines the components of a $22.5 million entrepreneurial signature program grant in the Greater Cincinnati area, including executives in residence, an intensive due diligence process, a $10.4 million seed fund, and $1.5 million in imagining grants. It discusses investment criteria focusing on high growth, IT, bioscience or advanced manufacturing companies in Southwest Ohio with strong management. It also provides details on investments made so far and connections being made with private investors and venture capital funds to support the regional entrepreneurial ecosystem.
The document discusses various methods for raising capital to fund startup growth, including equity financing, debt financing, bootstrapping, government grants and loans, angel investors, venture capital firms, and strategic investors. It provides an overview of the advantages and disadvantages of each method, as well as examples of funding sources available in Arkansas, such as the Fund for Arkansas' Future angel fund and Arkansas Science & Technology Authority seed capital. The document emphasizes that having the right management team, product, and financial strategy are key to attracting investment.
The document discusses the Shoals Shift project, an initiative launched in 2014 using the Strategic Doing process to build a digital technology hub in northwest Alabama. Over 25 initiatives were completed through collaborative networks, creating a pipeline of new talent, companies, and jobs for the region. These initiatives included coding camps, startup competitions, meetup groups, and new investment funds. The project received state and federal grants totaling over $1 million and was recognized as a national finalist for leading economic development initiatives. The goal of Shoals Shift is to transform the region's economy and narrative around digital technology opportunities.
The document discusses challenges and opportunities for developing talent and workforce in Utah's technology and life science industries. It summarizes presentations from a technology breakfast event focused on these topics. Panelists discussed challenges for companies to meet growing workforce demands and the need for collaboration between education and industry. Ideas included investing in homegrown talent through academic programs and partnerships to develop a diverse and skilled local workforce.
The document discusses different types of entrepreneurs from micro-enterprises to venture companies and the various needs of entrepreneurs at different stages. It outlines the key elements needed to support entrepreneurs, including business assistance, networks, capital, and community infrastructure. The document advocates for creating an entrepreneurship support system by leveraging federal, state, and local assets that brings together all the necessary resources.
The document announces the 2014 Connecticut Innovation Summit, an annual event that brings together startups, investors, and resources to support company growth. It provides details on activities at the summit, including a company expo, mentor meetings, and a funding fair with various investors. The event aims to help emerging companies network, obtain guidance, and secure funding to support their potential for success.
The document discusses success with venture capital and angel investors. It provides an outline on the basics of the investor market, types of venture capital and angel investors, and what investors want. Examples are given of successful companies that received venture capital funding, including brief descriptions of the companies and their founders. The presentation aims to help audiences understand how to find and appeal to venture capital and angel investors.
The document discusses strategies for promoting innovation and economic growth through technology commercialization. It focuses on the TECNA conference in 2011 and Maryland's efforts to support innovation and entrepreneurs. Maryland's Technology Development Corporation (TEDCO) provides various funding programs to support technology transfer, startups, and helping existing companies modernize. To date, TEDCO's investments have led to over $435 million in downstream funding for the companies it supports.
The document discusses the role of university affiliated business incubators in economic development. It provides details about the admission process, services offered, and desired outcomes of incubators. Incubators support startup companies and local economic growth through resources like funding, office space, networking, and business expertise. They help new companies become investment-ready and create high-paying local jobs.
The Definitive Guide to the Phoenix Arizona Startup SceneBrianne Snook
Published by Launch Haus for our guests and fellow entrepreneurs, this is the definitive resource for all those working in the startup ecosystem of Phoenix and Greater Phoenix Arizona. Inspired by the Definitive Guide to Fort Collins, Hitchhiker's Guide to Boulder Tech Community and Sam Teller's Guide to LA Startups, Chris and I have decided to illuminate and connect the world to the amazing resources and players in the Valley of the Sun Ecosystem. Future iterations will ensue as we continue our primary research and interface activity.
The document provides information from the UEDA Summit including:
1) An introduction to the lightning round sessions which will have presentations in groups of three with 5 minutes each and no immediate Q&A, but questions can be asked at the end.
2) A financial report showing UEDA had a record positive net income of $11,874 in 2017 and expects to break even or have a modest income in 2018.
3) A summary of the LIGHTS regional innovation network which is leveraging the maker economy through multi-university partnerships and provides innovation gateway concepts including access to skills development, making equipment, and business assistance.
Bringing Silicon Valley to LatAm: Startup Ecosystems & InvestmentDave McClure
Dave McClure is a founding partner at 500 Startups, a $350 million venture capital fund and startup platform. He discussed 500 Startups' strategy of making many small investments in early-stage startups, with the goal of a few large exits. He explained how 500 Startups supports startups through different investment stages as they progress from validating their product to achieving revenue and growth. McClure also talked about opportunities for building startup ecosystems in Latin America and Miami, noting the need for more venture capital funds and critical factors like mentorship, capital, and a path to exits.
Bringing Silicon Valley to LatAm: Startup Ecosystems & Investment
Nwa forum presentation 062711
1. Building the ArkansasVenture Ecosystem Jeff Amerine, PMP Technology Licensing Officer Adjunct Instructor, Entrepreneurship University of Arkansas Advisor, Innovate Arkansas jamerine@uark.edu
13. TLO Overview University of Arkansas Technology Licensing Office Access to 100+ technologies developed at the UA Team of business and intellectual property professionals Mission: Commercialize world-class research to build a lasting knowledge-based economy to benefit Arkansas and the world. http://www.uark.edu/ua/tlo/index.html
23. Why Do a Startup? “I shall be telling this with a sigh Somewhere ages and ages hence: Two roads diverged in a wood, and I— I took the one less traveled by, And that has made all the difference.” The Road Not Taken By: Robert Frost
24. Entrepreneur Lifecycle: Who Are These People? Crank Turners Growth Leaders Revenues Adrenaline Junkies $$ Expenses Seed Early Growth Mature / Expansion Time
25. Future “Economic Arms Race”: The Global Innovation Battleground Arkansas’ Challenge and Opportunity Innovation Section Topics
26. What’s at Stake? Innovative / entrepreneurial economies will prosper Innovation accelerates and product lifecycles shorten Capital and talent migrate toward innovative regions with high quality of life Institutional unemployment occurs in stagnate regions Government, business, and individuals compete globally based on their “innovation quotient (IQ)”* * Source: Mochari, I., (2002) The Innovation Factor: What's Your Innovation Quotient?, Inc. Magazine Online.
27. Innovation to Economic Growth Lifecycle Ideation Innovation Commercialization Economic Growth Time Sustained Economic Growth = Continuous Innovation Cycle
28. “Innovation Heat Map” Source: Building an innovation nation, André Andonian, Christoph Loos, and Luiz Pires , Mckinsey & Company
32. Arkansas Challenges &Opportunity NWA Interactive “Innovation Heat Map” View: http://whatmatters.mckinseydigital.com/flash/innovation_clusters/ Source: Building an innovation nation, André Andonian, Christoph Loos, and Luiz Pires , Mckinsey & Company
41. Current Arkansas Situation University R&D Innovation Engine Entrepreneurial Culture Available Venture Finance
42. The Valley of Death Pre-Seed Funding & Skill Gaps = Commercialization Friction Points Innovate Arkansas UArk Pre-company Post-company Revenues Venture Capital $$ Angels Expenses Bootstrap Gov Grants Seed Early Growth Mature / Expansion Concept Basic Research Applied Research Market Launch Business Strategy Dev Validation – Mkt & Tech SBIR/STTR Proposal Dev Patent Application/Licensing Time
51. Forum for entrepreneur networking Grew out of UA entrepreneurship club Now has 70+ members across the region Meets twice monthly Free to join, so join now! http://nwaea.net/blog/ NWA Entrepreneurship Alliance
52. Arkansas Green Accelerator Promotes company creation around green tech Proposal submitted to Dept of Commerce for $1M Joint UA/IA venture Award date: October 2011 Accelerators
53. The ARK Accelerator IT-focused and aimed at retail, supply chain, food clusters in NWA Modeled after Y-Combinator Joint Winrock / UA / NWACC Venture Seeking $2M in EDA/ETA funding Award date: late summer 2011 Accelerators
54. UAMS NW Healthcare Innovation Incubator Focused on applied healthcare technologies Housed at UAMS NW in Fayetteville Status: Planning stage New Incubators
55. “Gone in 60 Seconds” Elevator Pitch Contest Objective: startup networking Monthly competition First event: August Venue location: NWA (tentatively Buck Nekkid BBQ in Fayetteville) Contests / Competitions
56. Angels Venture Capital (VCs) Strategic investors Debt Mezzanine Public markets Other Financing Sources
57. Management Team Intellectual Property that can be a barrier to entry Customer traction – can the company execute? Physical proximity to the investors Other interested investors – nobody wants to be first Entrepreneur skin in the game Realistic valuation What Attracts the Money?
58. Angels High net worth individuals Early stage seed investments Can bring relevant domain knowledge Occasionally form “Angel Funds” Can include “friends, fools, and family” Angel Fund Examples: Fund for Arkansas’ Future Gravity Ventures Arkansas Angels
67. VC Deal Flow Receive 1000s of Business Plans Read 1000s of Executive Summaries Invite 100s of Companies to Present Due Diligence on 20 Investments Invest in 10 1-2 Winners 10X Returns
68. Angel Fund for Arkansas’ Future $6M angel fund Up to $500K investments Gravity Ventures Arkansas <$1M angel fund $50K-100K investments 21 active members What’s Available in Arkansas?
80. The Road Less Traveled – new ventures are critical to our economic health and success! The team, the plan, and a good finance strategy are key A “startup culture” has to be nurtured Arkansas is taking steps to create the right environment!! Recap / Q&A
81. Thank You Supporting the Venture Ecosystem Jeff Amerine, PMP Technology Licensing Officer Adjunct Instructor, Entrepreneurship University of Arkansas Advisor, Innovate Arkansas jamerine@uark.edu“Techpreneurship Blog” http://blog.innovatearkansas.org