Entrepreneurial Ecosytem

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Presentation transcript:

Entrepreneurial Ecosytem

Background/Resources Startup Communities – Brad Feld 2012 2012 The Rainforest: The Secret to Building the Next Silicon Valley – Victor Hwang 2012 Entrepreneurial Ecosystems Around the Globe -World Economic Forum 2014 2014 Kauffman Foundation Report 2015 2017 The Innovation Blind Spot Background/Resources

Ecosystem “Pillars” Accessible markets Human capital/workforce Funding & finance Support systems/mentors Government & regulatory framework Education & training Major universities as catalysts Cultural support Ecosystem “Pillars”

Components of Ecosystem Pillars Accessible Markets Domestic market Large companies as customers Small/medium-sized companies as customers Governments as customers Foreign market Small/medium companies as customers Components of Ecosystem Pillars

Components (cont.) Human capital/workforce Management talent Technical talent Entrepreneurial company experience Outsourcing availability Access to immigrant workforce Components (cont.)

Components (cont.) Funding & finance Friends and family Angel investors Private equity Venture capital Access to debt Components (cont.)

Components (cont.) Support systems/mentors Mentors/advisors Professional services Incubators/accelerators/co-working Network of entrepreneurial peers Components (cont.)

Components (cont.) Government & regulatory framework Ease of starting a business Tax incentives Business-friendly legislation/policies Access to basic infrastructure Access to telecommunications/broadband Access to transport Components (cont.)

Components (cont.) Education & training Available workforce with pre-university Academic Technical Available workforce with university education Entrepreneur-specific training Components (cont.)

Components (cont.) Major universities as catalysts Promoting a culture of respect for entrepreneurship Playing a key role in idea-formation for new companies Playing a key role in providing graduates for new companies Components (cont.)

Components (cont.) Cultural support Tolerance of risk and failure Preference of self-employment Success stories/role model Research culture Positive image of entrepreneurship Celebration of innovation Components (cont.)

Where does the Treasure Valley stand? 2016 Accessible markets (2.8 – 2,3,2,3,4,3) Human capital/workforce (2.6 – 3,2,2,4,2) Funding & finance (2.0 – 2,2,2,1,3) Support systems/mentors (3.5 – 4,4,3,3) Government & regulatory framework (2.5 – 4,2,2,2,3) Education & training (2.4 – 2,2,2,2,4) Major universities as catalyst (2.3 – 3,2,2) Cultural support (3.2 – 3,3,2,4,4)

Rick Ritter New Ventures Lab rick@newventureslab.com 208.870.0674 Questions??? Rick Ritter New Ventures Lab rick@newventureslab.com 208.870.0674

Agenda Definition of Entrepreneurial Ecosystem Treasure Valley’s Ecosystem Places to Network/Connect Questions and Answers

Places to Network/Connect Organizations Facilities Meetups/User groups Services