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GSI Business Innovations

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Presentation on theme: "GSI Business Innovations"— Presentation transcript:

1 GSI Business Innovations
Exploring innovative market-based solutions to accelerate, improve, and scale GSI efforts in cities.

2 Overview Goal: Develop and scale more effective and efficient GSI solutions Continuation of conversations between WPF, PWD, and DreamIt Today is an opportunity for collaborative brainstorming around our early thoughts on potential efforts

3 Water Utility Goals PWD’s innovation goals: Facilitate faster, cheaper, and better services, products and technologies that enhance the city’s ability to meet compliance requirements and quality of life objectives. PWD’s vision for private market: A robust green economy that fosters new ideas and greater competition.

4 Work w/PWD to advance goals of GCCW
Focused on improving the quality of life in the Philadelphia region Improve education for low-income students Support arts, culture, and vibrant public spaces Protect the Delaware River Watershed Watershed work: Research and advocacy Targeted conservation and restoration Cultivate constituency for watershed protection Work w/PWD to advance goals of GCCW

5 What Innovation Looks Like
Dreamit What Innovation Looks Like

6 Dreamit was founded by real entrepreneurs.
We are practitioners, operators and leaders Leadership founded 25 companies collectively generating over $200M realized cash exits and $500M in unrealized operating equity.

7 WE ARE A NETWORK DEDICATED TO PROGRESS
We bring together people, funding and partners to drive business velocity Entrepreneurs Dreamit works with entrepreneurs from around the world to build exceptional companies. Investors Dreamit’s network includes highly respected early stage investors, venture firms and angel groups. Advisors We maintain a vast network of mentors, experts and executives across a variety of industries Customers & Partners We work with the biggest brands in the world to give our companies the best chance of success.

8 In 2015 Forbes ranked us a top 10 business accelerator
Over the last 6 years we have launched over 200 companies and created more than $1B in enterprise value In 2015 Forbes ranked us a top 10 business accelerator and we have the track record to back it up

9 WE FOCUS ON CREATING VALUE AND REDUCING RISK
At the most innovative yet volatile time of a startup’s life

10 TRACK RECORD OF SUCCESS
Our portfolio includes breakthrough companies across a variety of business verticals

11 FIRST CUSTOMERS MAKE ALL THE DIFFERENCE

12 16-WEEK SPECIALIZED CURRICULUM DESTINATION DREAMIT ADVISORY BOARD
2 3 4 5 6 7-8 9 10 11 12 13 14-15 16 Destination Dreamit Local Programming & Digital Curriculum Customer Roadshow Demo Day Investor Roadshow Transition 16-WEEK SPECIALIZED CURRICULUM DESTINATION DREAMIT ADVISORY BOARD LOCAL INNOVATION HUBS CUSTOMER ROADSHOW INVESTOR ROADSHOW

13 YEAR-LONG PROGRAMMING
Attracting the best-of-the-best entrepreneurs from around the world in a globally recognized program Cycle 1: FEB - MAY 1 2 3 4 5 6 7-8 9 10 11 12 13 14-15 16 Destination Dreamit Local Programming & Digital Curriculum Customer Roadshow Demo Day Investor Roadshow Transition Cycle 2: AUG - NOV 1 2 3 4 5 6 7-8 9 10 11 12 13 14-15 16 Destination Dreamit Local Programming & Digital Curriculum Customer Roadshow Demo Day Investor Roadshow Transition

14 Rationale: Use PWD-driven market as incentive to spur innovation.
Initial Idea Water Rationale: Use PWD-driven market as incentive to spur innovation.

15 Market Potential: Philadelphia
PWD 25-year Spending Plan for Green City, Clean Waters: Additional private investment, driven by PWD incentives Conservative estimate: $553MM of private retrofit investment , in Philadelphia alone EPA National Estimate: >$100B needed to fix aging CSO infrastructure over next 20 years Total of $3B over 20 years for green infrastructure retrofits

16 Examples of Needs and Interests
Utilities and Street Crossings Residential Laterals Pipeless stormwater trench Managing Rooftop Runoff Parking Lots Blue roofs New Pilot Technologies Real-time control for measuring and monitoring GSI Improved geotechnical analysis and subsurface mapping Implementing GSI on steeper slopes Managing conflicts with trees Cisterns, harvesting, & reuse Managing conflicts with existing structures, such as retaining walls, foundations, internal drains Managing runoff from small drainage areas and/or in small spaces cost effectively Microhydroelectric power

17 Roles: Water Utility Regulator
Will approve use of new technologies w/baseline testing that meets standards and regulations Cannot endorse any one proprietary product Customer Purchaser of most effective and efficient products and services for public projects Provider of Incentives and Subsidies Incentivizes and subsidizes projects that will drive private demand for effective and efficient products and services Mentor Ideally, will provide guidance, feedback, and testing for DreamIt participants

18 Roles: Accelerators / Project Manager/Implementer
Entrepreneurship/accelerator experience and expertise Networks to investors Branding and reputation Takes equity stake in companies

19 Roles: Funders Mission-Driven Investors
Investor interested in social/environmental return Thought partner, collaborator Could provide resources to support the effort

20 WE DID OUR HOMEWORK

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26 Considerations Accelerators Water Utilities Funders
Early research suggests potential difficulties in sourcing a sufficient number of early stage, innovative GSI companies to dedicate a DreamIt cohort to water. If this is true: What are the opportunities to stimulate innovation and growth? Is there sufficient overlap in priorities to pursue a partnership? Accelerators Funders Water Utilities

27 Early Ideas Prize Model Competition to source innovations in GSI
Winners would receive monetary prize Could source solutions that have the potential to be scaled Intrapreneurship Target experts within utilities Take ideas through rapid “de-risking” process Could source solutions that have the potential to be scaled

28 Discussion What are the needs of the field?
What are the pros/cons of a cross-sector partnership? Interesting to other cities? How do we spur innovation? What are we missing?


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