Land Conservation and Development Commission May 19, 2016 Albany, Oregon

Regional Solutions: Regions and Regional Solutions Centers

Regional Solutions Priority: Developing An Entrepreneurial Ecosystem Moving from a resource based economy to a knowledge/innovation based economy

The Funnel: Lots of ideas but few successful companies 100 ideas 10 companies 3-4 modest growth 1 home run (10 times return)

Creating a Pipeline

The RAIN Strategy 1.Programs 2.People 3.Capital

A Network of People Mentors Team Members Advisors Services: Legal/Accounting Investors Venture Catalyst – Main Coordinator

Venture Catalyst Position Filled the Venture Catalyst Position 7/2015 Resource to manage regional assets e.g., WAC/regional databases/etc. Provide networking for start-ups especially post accelerator Outreach

Funding Partners for Venture Catalyst Position  Benton County  Linn County  Lane County  City of Eugene  Palo Alto Software  VOX Public Relations/Public Affairs  Concentric Sky  Oregon Community Foundation  Business Oregon

Providing Outreach.

Creating a Network  Business Oregon  Regional Solutions  University of Oregon  Oregon State University  Benton County  Lane County  City of Eugene  City of Springfield  City of Corvallis  City of Florence  City of Albany  Lane Workforce Partnership  Palo Alto Software  Concentric Sky  Fertilab  Lincoln County Economic Development Alliance  Hatfield Marine Science Center  SBDC’s  Eugene Area Chamber of Commerce  VOX Public Relations  Corvallis Chamber of Commerce  Linn County  Cascades West Council of Gov.  WIN/WAC/TAO

Capital U of O Foundation Seed Fund $500k OSU/Rogue Venture Partners has raised $4mm and seeking to raise $10mm Elevate Capital targeted first close of $5mm in June and seeking to raise a total fund of $10mm

Willamette Angel Conference Willamette Angels Conference (WAC) May12th Venue 252 Eugene Record number of applicants investors so far Support from Oregon Growth Board $50k Marc Manley LLC Manager

Creating Infrastructure 942 Olive Building

Making a Difference! biennium15-17 bienniumTotals Accelerator Companies Assisted Companies Sales Revenues $610k$1.9M$2.5M Invested Capital $8.9M$2.6M$11.5M Jobs

Sustainability: How do we build on momentum? Hiring of a development manager Making entrepreneurship ongoing priority for regional development for the state Continued regional support: Every $1.00 the state committed the region committed $1.40

Thank-You

ab