Big Support for Small Business Gordon W. Day 2009 IEEE-USA President

What and Why?  Entrepreneur: One who organizes, manages, and assumes the risks of a business or enterprise French: entreprendre “to undertake”  Engineers and other applied technologists create jobs These are our members 2

Recent Analysis from the Kauffman Foundation  “….from , nearly all net job creation in the United States occurred in firms less than five years old.  “….without startups, net job creation for the American economy would be negative in all but a handful of years.”  “Of the overall 12 million new jobs added in 2007, young firms were responsible for the creation of nearly 8 million of those jobs.”

Analysis from the U.S. Small Business Administration  Small businesses have created between 60% and 80% of all new jobs in U.S. since mid-1990’s  Small businesses employ half of all private sector employees  Small businesses employ 39 percent of high tech workers (scientists, engineers, and computer workers).  Small businesses generate half of America’s nonfarm GDP  Small Businesses produce 13 to 14 times more patents per employee than large patenting firms. –These patents are twice as likely as large firm patents to be among the one percent most cited.

More IEEE Members are Becoming Entrepreneurs  36% of IEEE members own or work for small business (500 or fewer employees).  IEEE-USA receives frequent requests for entrepreneurial support.  IEEE-USA’s goal….to help members start and build companies, leveraging their innovations to create jobs that will benefit the profession and the entire country. Engineers Create Jobs

Electrical and Electronics Engineering Employment

Information and Networking at IEEE Conferences

IEEE Publications: The Documentary Record

IEEE-USA Entrepreneurs’ Village

The Village Forum

IEEE-USA eBooks on Entrepreneurship

IEEE-USA eBooks on Innovation

IEEE-USA Webinars on Entrepreneurship

IEEE-USA TechMatch

IEEE-USA Mentors for Entrepreneurs

Directions to Resources for Entrepreneurs

New Jersey Business Portal

New Jersey Small Business Development Centers

New Jersey Technology Incubators

IEEE-USA Entrepreneurs’ Networks

IEEE-USA Entrepreneur Achievement Award

IEEE-USA Position Statement on SBIR Reauthorization

IEEE-USA – SBA Strategic Alliance

Signing of the SBA/IEEE-USA Strategic Alliance 24

How Else Can We Help? Scott Grayson Associate Managing Director Gordon Day 2009 IEEE-USA President