1. Building the Ecosystem to Support Entrepreneurship Entrepreneurship Blowing up a balloon in outer space – No resistance, no resources either Start ups expert at reducing technical and business model risk – Prototyping, fail faster, prove the concept Intra-preneurship Blowing up a balloon in a vat of concrete with a tank of compressed air – Plenty of resources, little room for innovation Large co’s expert at reducing execution risk – Process leadership, successful launch, culture of avoiding failure

2. Entrepreneurial Eco-system Models Classic VC – Prove the technical and/or market potential of the innovation Eliminate risk – Build quality teams to launch, i.e., manage execution risk – Works best in place like Silicon Valley where the eco-system of people, processes, and financing is built out Collaboration or acquisition model – Start up reduces technical or market risk to acceptable levels – Collaboration with larger entities to leverage existing go to market engines Product development Manufacturing technology Channel – JV or acquisition often occurs

3. Stage Sensitive Policy Support for Small Company Manufacturing Transition Early – Contract R&D for manufacturing development – Collaborative relationships – Reduce barriers to finding talent Try hiring top engineers without health insurance! Pilot Manufacturing – Incentives for private investments at this stage Initial manufacturing – Incentives for “new” manufacturing in first 5 years of production – Large company incentives to acquire and manufacture new technologies onshore