FEAST RI Entrepreneurial Ecosystem March 21 2016 Entrepreneurial

Entrepreneurial Ecosystems Welcome Guests: • Richard Horan – Managing Director of Slater Technology Fund

HEADER Sub head • Bullet • Bullet THE C. V. STARR PROGRAM IN BUSINESS,

RI ENT Ecosystem (Definition of ENT is critical) • Key Stakeholders? • Social Enterprise

RI ENT Ecosystem (Isenberg Model) Policy (Government) • State – STAC, Commerce RI, Innovation

RI ENT Ecosystem (Isenberg Model) Culture • Enough success stories? (some; cloud of 38

RI ENT Ecosystem (Isenberg Model) Human Capital • Some experienced entrepreneurs • Many inexperienced/interested

Slides: 7

Download presentation

FEAST RI Entrepreneurial Ecosystem March 21, 2016

Entrepreneurial Ecosystems Welcome Guests: • Richard Horan – Managing Director of Slater Technology Fund • Kelly Ramirez – Executive Director, Social Enterprise Greenhouse • Literature Review & Framework – Angus Kingon • Discussion of Rhode Island’s Entrepreneurial Ecosystems THE C. V. STARR PROGRAM IN BUSINESS, ENTREPRENEURSHIP AND ORGANIZATIONS www. brown. edu/academics/business-entrepreneurship-organizations/ 2

HEADER Sub head • Bullet • Bullet THE C. V. STARR PROGRAM IN BUSINESS, ENTREPRENEURSHIP AND ORGANIZATIONS www. brown. edu/academics/business-entrepreneurship-organizations/ 3

RI ENT Ecosystem (Definition of ENT is critical) • Key Stakeholders? • Social Enterprise • Life Science/Tech • Overall Health of the Ecosystem? • Social Enterprise • Life Science/Tech • What do we need more of? • Social Enterprise • Life Science/Tech THE C. V. STARR PROGRAM IN BUSINESS, ENTREPRENEURSHIP AND ORGANIZATIONS www. brown. edu/academics/business-entrepreneurship-organizations/ 4

RI ENT Ecosystem (Isenberg Model) Policy (Government) • State – STAC, Commerce RI, Innovation Officer (Culatta hired 2016) • City – Office of Innovation (Pollack hired 2015) • Innovation Tax credits for investors • Innovation & Design District (I 195 Land) • RI early adopter of B-Corp Finance (Investors) • • • Slater (VC), Cherrystone, Angell Street, Ocean State Angels SBIR/STTR (STAC help) RI Business Plan Competition Rev. Up (by Betaspring) – accelerator and funding Close to Boston and New York markets THE C. V. STARR PROGRAM IN BUSINESS, ENTREPRENEURSHIP AND ORGANIZATIONS www. brown. edu/academics/business-entrepreneurship-organizations/ 5

RI ENT Ecosystem (Isenberg Model) Culture • Enough success stories? (some; cloud of 38 Studios) • Positive status of entrepreneurs (Betaspring; Venture for America, SEG Incubator, Designx. RI, initiatives by universities) • Are we part of, an extension of or separate from Boston ENT ecosystem Supports (non-gov’t) • RI Foundation Innovation Awards, RI Business Plan Competition, Greater Providence Chamber • Small but supportive legal, accounting and mentoring • Orgs: SEG, Founders League, Hatch, Center for Women and Enterprise, Hope & Main, SBA/SBDC, university centers (Brown, JWU), Med. Mates, Designx. RI • Cambridge Innovation Center – coming to PVD? THE C. V. STARR PROGRAM IN BUSINESS, ENTREPRENEURSHIP AND ORGANIZATIONS www. brown. edu/academics/business-entrepreneurship-organizations/ 6

RI ENT Ecosystem (Isenberg Model) Human Capital • Some experienced entrepreneurs • Many inexperienced/interested (students) • Struggling to identify strategic strengths within the state: • Health, Food, Design, Blue Economy, Tech (areas targeted by City) • Alignment with universities • RI CIO Richard Culatta – attract tech-sector Markets (good proving grounds) • • Synergy with existing large businesses ? Small, tight-knit network Good for Social Enterprise, Food, Health Good for others? THE C. V. STARR PROGRAM IN BUSINESS, ENTREPRENEURSHIP AND ORGANIZATIONS www. brown. edu/academics/business-entrepreneurship-organizations/ 7