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The Biz Foundry
- 1. Upper Cumberland Entrepreneurial Foundation
- 2. ENTREPRENEURIAL FOUNDATION Upper Cumberland Entrepreneurial Foundation The goal of our organization is building the entrepreneurial eco-system. Our focus is on entrepreneurial ventures that are meant to be larger than our region; those that have a large base of customers from outside our region and are poised to grow quickly. We offer distinct programs: • An organized, mentor-driven process to build a better business model • Connections to other entrepreneurs, mentors, advisors, and capital • A community of like-minded and supportive individuals pulling together to support startups • An air traffic controller and host for entrepreneurial activity in the region • The lead evangelist for entrepreneurs in the region. Seed Funding * Mentorship * Connections * Office Space * Administrative Support
- 3. ENTREPRENEURIAL ECOSYSTEM ENTREPRENEURS LARGE ENTERPRISE SERVICE PROVIDERS GOVERNMENT MEDIA MENTORS UNIVERSITIES INVESTORS HOW DO WE BUILD AN ENTREPRENEURIAL ECOSYSTEM? LEADERSHIP TALENT NETWORK DENSITY ENGAGEMENT INVESTMENT CAPITAL
- 4. Upper Cumberland Focus: 14 Counties Rural, Innovative Community with Regional Assets: • Diverse Economic & Industrial Economy • Regional Partners & Cooperation • Tennessee Technological University • Roane State Community College • Motlow State Community College • Tennessee State University Research Station Innovation & Entrepreneur Focus • Agricultural • Biotechnology • Green/Alternative Energy
- 5. BUSINESS ACCELERATOR Discovery, Development, Validation LAUNCH*OPEN*GOLIVE T- T T+ BUSINESS PLAN MANAGEMENT EXECUTION RISK INNOVATION INVESTABLE? NOT TAUGHT MINIMAL RISK REPETITIVE TAUGHT INVESTABLE BIZ FOUNDRY: WHAT WE DO
- 6. Entrepreneurs/Startups • Searching for INNOVATORS and THINKERS of the community that have an idea, a concept, or prototype that needs to be scaled to a SUSTAINABLE profitable model • Providing a COLLABORATIVE ENVIRONMENT in which entrepreneurs and their ideas can THRIVE around a commercially VIABLE and SCALABLE model Mentors/Industry Experts • COMMUNITY-MINDED ENTREPRENEURS and SUBJECT EXPERTS that are looking to GIVE BACK to those beginning their entrepreneurial journey • Dedicated hard-working individuals that want to contribute to a VIBRANT ENTREPRENEURIAL ECOSYSTEM. • Individuals who are interested in applying a lifetime of business or industry experience to HELP startups and entrepreneurs succeed. Investors • Position SPONSORS and INVESTORS at the frontlines of the CUTTING EDGE innovation emerging in the region. • MAXIMIZE an investor’s return in an idea or company by greatly REDUCING THE RISK for failure by improving clinical outcomes and building GOOD companies. Who We Are Looking For
- 7. Tennessee is a 'hotbed' for startups and entrepreneurs: 15th in nation for entrepreneurial activity, 17th in friendliest for entrepreneurs 100 new companies began in 2012 from the business accelerators in Tennessee, raising over $17 million in capital Every $1 invested in an accelerator generates an average $30 of tax revenue In 2011, North American incubators and accelerators assisted about 49,000 start-up companies that provided full-time employment for nearly 200,000 workers and generated annual revenue of almost $15 billion Business incubators reduce the risk of small business failures; statistically 87 percent of all firms that have graduated from their programs are still in business.