An Economic Impact Analysis of the TCC StartUp Cup

Save this PDF as:
 WORD  PNG  TXT  JPG

Size: px
Start display at page:

Download "An Economic Impact Analysis of the TCC StartUp Cup"

Transcription

1 An Economic Impact Analysis of the TCC StartUp Cup About the TCC StartUp Cup Former Mayor Kathy Taylor and an entrepreneurial committee established the Tulsa Entrepreneurial Spirit Award in 2007 to emphasize the importance of local entrepreneurship. This initiative was predicated on the fact that entrepreneurial and smallbusiness ventures account for 82 percent of Tulsa s business community, generating more than $3.1 billion for the local economy each year and comprising more than 55,000 local jobs. The initiative was launched in 2007 by Mayor Kathy Taylor along with Tulsa entrepreneurs and TCC President Dean VanTrease. Originally supported by Spirit Bank, the competition is now in its eighth year and is the TCC StartUp Cup powered by the Lobeck Taylor Family Foundation. The competition is open to any type of business idea, as past winners have included businesses in the service, technology, oil and gas, fitness and health industries. Participants in the competition learn how to turn their idea into a viable business model, go to market quickly, test assumptions and ultimately modify their business model as they move through the competition. The competition is structured as follows: Firstly, the business must have been in operation fewer than five years. While there is no requirement that the business is based in Tulsa, they must agree to expand their operations to Tulsa if they win. If a business satisfies these two requirements, they are eligible to enter their application by the April deadline. Upon doing so, the hundreds of applications are dwindled down to 25 by June. At this point the remaining contestants enter their business plan as well as present a short seven-minute pitch to a panel of judges, who will narrow the competition down to 12 semifinalists by mid-july. Over the next two months, the remaining 12 contestants receive coaching and mentorship from the judges, who assist them in revising their pitch before the next round of presentations in September. After this round, the judges narrow the competition down to 7 finalists, who receive further coaching before their final presentation in November. The final presentation requires that the contestants present their final elevator pitch. Upon doing so, the three winners are announced a few weeks later at the Awards Celebration, which typically occurs during Tulsa Global Entrepreneurship Week. The first, second, and third place winners are awarded $30,000, $5,000, and $2,500 respectively. After seven successful years, it is time to analyze the impact of the competition. At the beginning of the competition there was no question that I had a great product, I just had no idea how to move it. However, the incredible feedback I received from the judges and their personal mentorship throughout the competition was truly invaluable The Galley Sink wouldnʼt be near what it is today if it wasnʼt for the TCC StartUp Cup. Roger Shollmeir, Founder of the Galley Sink

2 Methodology While the direct impact that the City of Tulsa has experienced as a result of the TCC StartUp Cup s formation is easily quantifiable, the indirect and induced effect of the competition s presence can often be overlooked. The overall social impact that has resulted from the companies involved in the TCC StartUp Cup extends far beyond the individual success of the companies themselves, as their operations can significantly and unknowingly intertwine with a number of other industries at the local level. While these additional effects may seem superfluous in theory, said indirect and induced effects often result in an economic impact greater than 50% of the easily identifiable direct effects. To quantify the indirect and induced economic impact of the presence of the TCC StartUp Cup, we have employed the use of economic multipliers. Multiplier Models are the framework for building impact analysis questions. Derived mathematically, these models estimate the magnitude and distribution of economic impacts, and measure three types of effects. These are the direct, indirect, and induced changes within the economy. Direct effects are determined by the event as defined by the user (i.e. $1 million in company revenue is a $1 million direct effect). The indirect effects are determined by the amount of the direct effect spent within the study region on supplies, services, labor and taxes. Finally the induced effect measures the money that is re-spent in the study area as a result of spending from the indirect effect. Each of these steps recognizes an important leakage from the economic study region spent on purchases outside of the defined area. A questionnaire has been developed based upon the IMPLAN data requirements as well as previous studies that have been conducted using the same format, such as the Kaufmann Foundation study of the total economic impact of alumni entrepreneurs from the Massachusetts Institute of Technology. The data drawn from this questionnaire is primarily concerned with discerning a company s fundraising, revenue, and expense history. These metrics coupled with further information around a company s specific industry, legal structure, and record of employment allow for maximum utilization of the IMPLAN system. Furthermore, the IMPLAN system contains historical data around 445,844 local jobs across 340 industries in Tulsa County. Such data includes historical information around companies salary expenditures, tax expenditures, property expenditures, and more. This historical record of data has enabled us to build models that sufficiently represent the economic impact of all relevant firms that have competed in the TCC StartUp Cup; even that of the individuals and companies that we were unable to come into contact with. Above: TCC President Tom McKeon (left), former Mayor Kathy Taylor (right), and Elizabeth Frame Ellison (3 rd from right) present the CleanNG team with the $30,000 grand prize for the 2013 TCC StartUp Cup The aforementioned questionnaire has been distributed to 46 of the competition s past finalists and experienced a response rate of 74%. A copy of this questionnaire has been provided in the appendix of this report.

3 TCC StartUp Cup Impact Amount Invested $254,000 Follow-On Investment $11,617, Full-Time Jobs Created Since 2007, TCC StartUp Cup and Spirit Award Participants Have Created 300 Local Jobs With an Average Annual Income of: $48,847 2X 300 Full-Time 2,000 + Part-Time and Contract All Created in Tulsa Statewide Per Capita Annual Income

4 TCC StartUp Cup Impact The Competition 656 Startups Applied 84 Startups Coached 21 Cash Recipients The Participants 70% Finalists Still in Operation 71% Prize Winners Still in Operation 86% Champions Still in Operation Companies By The Numbers $14,654,248 Added to Payroll $52,984,760 Direct Economic Impact $85,155,346 Total Economic Impact

5 For Every Dollar Invested, LTFF Has Generated: TCC StartUp Cup Impact Bang For The Buck $45.74 $ $ In Follow-on Investment In Company Revenue Bang For The Buck In Total Economic Impact Since 2007, no other organization has assisted as many entrepreneurs both locally and statewide

6 Opportunities For Improvement Over the course of the study, three-dozen entrepreneurs were interviewed either over the phone or in person. Extraordinarily, the competition received positive feedback from 92 percent of the past contestants. Fortunately, we were able to garner a great deal of constructive criticism from the meager 8 percent of past contestants that expressed a negative competition experience. The most commonly cited benefit of the competition was the coaching that the participants received. The majority of the teams involved expressed that the access to quality mentors that the competition has been able to provide over the last seven years has been immensely beneficial. As a result, the most commonly requested change to the competition is that it should place greater emphasis on pairing competing entrepreneurs with coaches and mentors. The solutions proposed consist of: workshops that bring in subject experts, an additional round to the competition that would provide time for additional mentorship, or further coaching sessions beyond the contest to ensure the progress and success of the participants. However, it is important that we do not discount the feedback received by those who expressed a negative experience with the competition. While the individuals who were displeased generally fared well in the competition, they were unhappy with the total amount of time that they committed to the competition, as well as the scope of the competition. These individuals felt that the competition could benefit from fewer rounds and cutoffs, as it would require less time from the entrepreneurs and would provide them with more time to build and develop their companies. Furthermore, the aforementioned individuals expressed skepticism around the competitions openness to early-stage ventures. One participant in particular, who has gone on to raise a significant amount of equity capital since the competition, felt that the competition was geared more towards traditional businesses, and less towards potentially disruptive innovations. To combat this issue, they have suggested that a structure be employed similar to that of the Governor s Cup, a business plan competition for college students in Oklahoma, which divides the competition into a high-growth and smallbusiness division. In addition to the primarily positive feedback that the competition received, we noticed an interesting trend among the past participants. While we expected to receive mixed feedback from the entrepreneurs whose ventures have since failed, that has not been the case. Said individuals were immensely grateful for the presence of the competition, as they felt that the process provided them with the skills and education needed to excel in other future endeavors. Such individuals have gone on to experience tremendous success in the legal, private wealth management, energy, and tech space. Most importantly, all of the described individuals have experienced this newfound success in Tulsa. While the competition can make improvements in a number of areas, most importantly in promoting the development of early-stage ideas as well as providing entrepreneurs with maximum access to support, there is no question that its presence has been widely felt and appreciated by the entire entrepreneurial community in Tulsa.

Tackle Box Student Handbook for entering the Muskie Tank Competition

Tackle Box Student Handbook for entering the Muskie Tank Competition Tackle Box Student Handbook for entering the Muskie Tank Competition 2016-17 Updated 8/1/16 Contents Questions and Answers for Muskie Tank... 3 Timeline... 4 Steps to Apply to Muskie Tank... 5 Executive

More information

Turning your business dream into your dream business

Turning your business dream into your dream business Turning your business dream into your dream business We ll help you grow your business. Are you ready to plan, build or launch your business? From offering advice to providing financial support and access

More information

Entrepreneurship is Evolving

Entrepreneurship is Evolving Entrepreneurship is Evolving College Metrics State Funds Enrollment Where Revenue Company Metrics The S Curve The Innovation Window New Growth Strategy Original Strategy Time Importance to Cities and

More information

OFFICIAL RULES & GUIDELINES

OFFICIAL RULES & GUIDELINES OFFICIAL RULES & GUIDELINES ENTRY GUIDELINES PURPOSE OF PROGRAM To encourage the founding of high-potential new ventures and to reward the developers of promising business plans. ELIGIBILITY Team Size

More information

Opportunity Quest 2016 Snow College Business Innovation Competition

Opportunity Quest 2016 Snow College Business Innovation Competition Opportunity Quest 2016 Snow College Business Innovation Competition www.facebook.com/snowcollegebusiness www.snow.edu/business Student Competition Packet FOR SNOW COLLEGE STUDENTS Sponsored by: Snow College

More information

Texas A&M New Ventures Competition Rules and Guidelines

Texas A&M New Ventures Competition Rules and Guidelines Texas A&M New Ventures Competition Rules and Guidelines DATE February 1, 2018 12 p.m. March 9, 2018 11:59 p.m. Description Online application portal opens (applicants should complete the online applications).

More information

2018 Guidelines and Overview

2018 Guidelines and Overview 2018 Guidelines and Overview 100 https://www.up.edu/franzcenter/entrepreneurship/2018-100kventure-competition.html https://www1.up.edu/franzcenter/entrepreneurship/venture- Table of Contents I. GENERAL

More information

29th John Ruffatto Business Startup Challenge - April 13, 2018 Competition Overview & Guidelines

29th John Ruffatto Business Startup Challenge - April 13, 2018 Competition Overview & Guidelines Judging Criteria 1 Submission Process & Deadlines: 1 Competition Day Format 2 Written Submission Guidance 2 Financial Projection Guidance 4 Presentation Guidance 5 Judging Criteria Your team may want to

More information

Cozad New Venture Competition. Official Rules, Requirements, and Judging Criteria

Cozad New Venture Competition. Official Rules, Requirements, and Judging Criteria Cozad New Venture Competition Official Rules, Requirements, and Judging Criteria Welcome to the annual V. Dale Cozad New Venture Competition (CNVC), started in the year 2000. We appreciate your interest

More information

The Sport Business Summit

The Sport Business Summit The Sport Business Summit Tech Startup Competition Official Partner Date Venue Chelsea FC London The Leaders Sport Business Summit is the home of new ideas in sport and plays a key role in driving innovation

More information

2018 Competition Guidelines

2018 Competition Guidelines The BMO Financial Group Business Plan Competition 2018 Competition Guidelines International Business and Entrepreneurship Centre University of New Brunswick, Fredericton Campus 2 Table of Contents Table

More information

Competition Overview. Baylor Entrepreneurship New Venture Competition. Rules & Procedures.

Competition Overview. Baylor Entrepreneurship New Venture Competition. Rules & Procedures. Baylor Entrepreneurship New Venture Competition Competition Overview Rules & Procedures newventurecomp@baylor.edu 2016 w w w. b a y l o r. e d u / b u s i n e s s / n e w v e n t u r e c o m p e t i t

More information

SIE Fresh Ideas Competition Guidelines for Entrants

SIE Fresh Ideas Competition Guidelines for Entrants SIE Fresh Ideas Competition 2015-2016 Guidelines for Entrants The SIE Fresh Ideas Competition is looking for promising ideas which could turn into potential businesses. The competition is aimed at students

More information

2016 ANNUAL REPORT MERIDIAN COMMITMENT TO COMMUNITIES

2016 ANNUAL REPORT MERIDIAN COMMITMENT TO COMMUNITIES 2016 ANNUAL REPORT MERIDIAN COMMITMENT TO COMMUNITIES 7 Meridian s Commitment to Communities Improving financial literacy in schools Save the Camp! - Meridian s commitment to improving financial literacy

More information

CELEBRATING CANADIAN BUSINESS EXCELLENCE

CELEBRATING CANADIAN BUSINESS EXCELLENCE CELEBRATING CANADIAN BUSINESS EXCELLENCE Contents Introduction...1 How?...2 Who?...4 What?...4 What s next?...6 The network...8 Global recognition...8 Winners events...9 2 Introduction The Canada s Best

More information

Maryland Technology Enterprise Institute

Maryland Technology Enterprise Institute Maryland Technology Enterprise Institute web: www.mtech.umd.edu tel: (301) 405-3906 fax: (301) 403-4105 Educate, Create, Connect Maryland Technology Enterprise Institute The mission of Mtech is to: Educate

More information

STUDENT COMPETITION PACKET

STUDENT COMPETITION PACKET Opportunity Quest The University of Utah Executive Summary Competition STUDENT COMPETITION PACKET 2016-2017 FOR STUDENTS OF THE UNIVERSITY OF UTAH Academic Year 2016-2017 Opportunity Quest Lassonde Entrepreneur

More information

Entrepreneur Training Session

Entrepreneur Training Session Entrepreneur Training Session Industrial Liaison Bernadeta Wysocka Princeton University ILO Retreat, Pittsburgh, June 19-21, 2012 NSF-ERC Cooperative Agreement EEC-0540832 Outline Entrepreneurship at Princeton

More information

Michigan Municipal League Hatch Detroit

Michigan Municipal League Hatch Detroit Michigan Municipal League Hatch Detroit Better Communities. Better Michigan. PROJECT DETAILS: NAME: Hatch Detroit DATE: 2011 Present LOCATION: Detroit, Michigan CATEGORIES: Entrepreneurship Community Building

More information

The Macrotheme Review A multidisciplinary journal of global macro trends

The Macrotheme Review A multidisciplinary journal of global macro trends ARTICLE TYPE: The Macrotheme Review A multidisciplinary journal of global macro trends RESEARCH REPORT Financing Young Entrepreneur through Venture Capital: Preliminary Research Report Sara Majid* and

More information

2014 Fire Pit Competition

2014 Fire Pit Competition 2014 Fire Pit Competition Official Rules, Requirements, and Judging Criteria Welcome to the 2014 NSBE- Preneur Fire Pit Competition ( Fire Pit ). We appreciate your interest in participating in this year

More information

Follow this and additional works at: Part of the Business Commons

Follow this and additional works at:  Part of the Business Commons University of South Florida Scholar Commons College of Business Publications College of Business 3-1-2004 The economic contributions of Florida's small business development centers to the state economy

More information

STate of the SGB Sector Executive Summary

STate of the SGB Sector Executive Summary STate of the SGB Sector Executive Summary 20 Snapshot of the Sector 20 SGB Sector 22 SGB investment vehicles were launched in 20; median target fund size was $66.5 million. 15 SGB investment vehicles reached

More information

The Royal Academy of Engineering. Enterprise Hub. Call for proposals

The Royal Academy of Engineering. Enterprise Hub. Call for proposals The Royal Academy of Engineering Enterprise Hub Call for proposals Deadline for proposals: 5 pm 1st March 2018 Please send all submissions to: enterprise@raeng.org.uk 1 The Academy is seeking a training

More information

Undergraduate Course Descriptions

Undergraduate Course Descriptions ENTREPRENEURSHIP Undergraduate Course Descriptions ENTR 150 4 credit online course Business Basics for Entrepreneurs This course introduces students to basic concepts from accounting, finance, management

More information

Recipes for Creating Entrepreneurial Growth: It s more than the Ingredients

Recipes for Creating Entrepreneurial Growth: It s more than the Ingredients Recipes for Creating Entrepreneurial Growth: It s more than the Ingredients Yas Motoyama and Jason Wiens Ewing Marion Kauffman Foundation National Governor s Association May 8, 2015 www.kauffman.org Importance

More information

CREATING 21ST CENTURY COMMUNITIES MAKING THE ECONOMIC CASE FOR PLACE

CREATING 21ST CENTURY COMMUNITIES MAKING THE ECONOMIC CASE FOR PLACE CREATING 21ST CENTURY COMMUNITIES MAKING THE ECONOMIC CASE FOR PLACE MARCH, 2016 PREPARED FOR: Michigan Municipal League PREPARED BY: Public Sector Consultants This overview is based on finding s of PSC

More information

Houston Community College Center for Entrepreneurship HCC Entrepreneurial Eco-System In Action!

Houston Community College Center for Entrepreneurship HCC Entrepreneurial Eco-System In Action! Houston Community College Center for Entrepreneurship HCC Entrepreneurial Eco-System In Action! Sandra Louvier, Director, Center for Entrepreneurship Center for Entrepreneurship HCC NW HCC Entrepreneurial

More information

Administration of Large and Small Technology Transfer Offices

Administration of Large and Small Technology Transfer Offices Page 1 Administration of Large and Small Technology Transfer Offices Robin Rasor is director of licensing for the University of Michigan in Ann Arbor. Page Heller is interim executive director at The Texas

More information

Regional Economic Forum

Regional Economic Forum Minneapolis Saint Paul Regional Economic Forum April 14, 2011 Today s agenda Welcome Regional business plan Overview of featured regional initiatives Accelerate MSP 4FRONT Minneapolis Saint Paul Regional

More information

AC JumpStart Application Guidelines

AC JumpStart Application Guidelines AC JumpStart Application Guidelines What is AC JumpStart? AC JumpStart is an innovative incubation and mentorship program, funded by FedDev Ontario, aimed at helping technology startups establish and grow

More information

Entrepreneurship Workshop

Entrepreneurship Workshop Entrepreneurship Workshop April 11 2003 Athens, Greece The CyEC competition is organized by the. The objective of CyEC 2003 is to promote Entrepreneurship in high tech areas, in Cyprus. Competitors will

More information

CELEBRATING ENTREPRENEURSHIP Celebrating outstanding achievement in advancing entrepreneurship

CELEBRATING ENTREPRENEURSHIP Celebrating outstanding achievement in advancing entrepreneurship CELEBRATING ENTREPRENEURSHIP Celebrating outstanding achievement in advancing entrepreneurship APPLICATION FORM OVERVIEW Starting and growing a successful a company is a difficult task; entrepreneurs need

More information

OCE Social Innovation Program

OCE Social Innovation Program Overview OCE Social Innovation Program The Social Innovation (SI) Program advances innovation in the not-for-profit and social enterprise sectors, leveraging talent and partnerships to deploy leading-edge

More information

Round 1 Application Packet

Round 1 Application Packet Round 1 Application Packet Competition Launched October 2017 This is an application packet for the global D-Prize competition. It explains the completion rules, process, and instructions on how to draft

More information

Florida s Financially-Based Economic Development Tools & Return on Investment

Florida s Financially-Based Economic Development Tools & Return on Investment Florida s Financially-Based Economic Development Tools & Return on Investment January 11, 2017 Presented by: The Florida Legislature Office of Economic and Demographic Research 850.487.1402 http://edr.state.fl.us

More information

Serving the Community Well:

Serving the Community Well: Serving the Community Well: The Economic Impact of Wichita s Health Care and Related Industries 2010 Analysis prepared by: Center for Economic Development and Business Research W. Frank Barton School of

More information

OLIN CUP. WELCOME KIT September 11, 2014

OLIN CUP. WELCOME KIT September 11, 2014 2014 OLIN CUP WELCOME KIT September 11, 2014 Welcome to the 2014 Olin Cup Competition! Since 1988 the Olin Business School at Washington University in St. Louis has held an engaging competition for entrepreneurs

More information

New Zealand Startup Ecosystem Analysis

New Zealand Startup Ecosystem Analysis New Startup Ecosystem Analysis 1 About this Research Early-stage tech startups are highly dependent on their surrounding startup ecosystem. If we can create healthier startup ecosystems, we can generate

More information

Team Brochure LUXEMBOURG 19 & 20 MAY 2015

Team Brochure LUXEMBOURG 19 & 20 MAY 2015 Team Brochure LUXEMBOURG 19 & 20 MAY 2015 ABOUT THE MORPHEUS CUP 750 European Digital High Schools & Universities invited to participate 50.000 euro in prize money 50 teams selected for the final in Luxembourg

More information

Call for Projects LIRA 13

Call for Projects LIRA 13 Call for Projects LIRA 13 Forum of Technology and Industrial Innovation 2017 Call Description LIRA program, headed by the Ministry of Industry, the Association of Lebanese Industrialists, the National

More information

SYLLABUS NEW VENTURE LAUNCH

SYLLABUS NEW VENTURE LAUNCH SYLLABUS NEW VENTURE LAUNCH Professor: Karin O Connor Class Day / Time: Every other Thursday / 6:30 9:30 p.m. (beginning Sept. 28). Team coaching sessions on alternate Thursdays beginning Sept. 21. Room:

More information

Provide training, mentoring and technical assistance to participants in the initiative.

Provide training, mentoring and technical assistance to participants in the initiative. The New Jersey Social Innovation Institute is a training program for social innovators and enterprising non-profit organizations developing business plans and investment proposals for new social businesses

More information

India has a large youth population

India has a large youth population Startupreneurs Startupreneurs Forum Forum Vision: To create and develop an ecosystem for India to become a Nation of Startupreneurs CII Startupreneurs Forum India has a large youth population within the

More information

INNOVATION POLICY FOR ECONOMIC DEVELOPMENT

INNOVATION POLICY FOR ECONOMIC DEVELOPMENT INNOVATION POLICY FOR ECONOMIC DEVELOPMENT PURPOSE The purpose of the Bexar County Innovation Policy for Economic Development is to spur and accelerate the growth of the innovation-focused digital information

More information

Quick Facts VIP Survey: Trends in Federal Contracting for Small Businesses 1

Quick Facts VIP Survey: Trends in Federal Contracting for Small Businesses 1 Trends in Federal Contracting for Small Businesses A Research Summary for the American Express OPEN for Government Contracts: Victory in Procurement (VIP) for Small Business Program While the US government

More information

community careers coursework powered by Apex Systems Center for Innovation & Entrepreneurship in partnership with

community careers coursework powered by Apex Systems Center for Innovation & Entrepreneurship in partnership with Apex Systems Center for Innovation and Entrepreneurship ischolars powered by Apex Systems Center for Innovation & Entrepreneurship community careers coursework in partnership with Office of Undergraduate

More information

How Start-ups are Disrupting the World Economy? The Oasis500 Experience and Initial Results

How Start-ups are Disrupting the World Economy? The Oasis500 Experience and Initial Results How Start-ups are Disrupting the World Economy? The Oasis500 Experience and Initial Results Usama Fayyad, Chairman usama@oasis500.com Twitter: @usamaf @oasis_500 Training/HR manager: Dina AbuNuwar (Dina@oasis500.com)

More information

The event will be hosted at our local Laser Zone Fun Center. Cost is included in registration fee.

The event will be hosted at our local Laser Zone Fun Center. Cost is included in registration fee. ACBSP Student Events - Registration is Required Registration Deadline is October 7, 2015 ACBSP Region 6 Conference Southwest Council of Business Schools & Programs October 21 23, 2015 East Central University

More information

REGION S NEW VENTURE CHALLENGE Guidelines and Rules

REGION S NEW VENTURE CHALLENGE Guidelines and Rules REGION S NEW VENTURE CHALLENGE Guidelines and Rules Samford University s Brock School of Business and Regions Bank team up annually for the Regions New Venture Challenge business plan competition for Samford

More information

BUSINESS PLAN COMPETITIONS

BUSINESS PLAN COMPETITIONS The Metamorphosis of BUSINESS PLAN COMPETITIONS C.J. Cornell @cjcornell Cogswell Polytechnical College @Cogswell_Ent BPCs have thrived, grown in the past 25 years. (22% per year) Rice University Business

More information

RETURN ON INVESTMENT STUDY

RETURN ON INVESTMENT STUDY RETURN ON INVESTMENT STUDY SUBMITTED TO KEEP TEXAS BEAUTIFUL MARCH 2016 FINAL Executive Summary Keep Texas Beautiful (KTB), a state affiliate of Keep America Beautiful (KAB), retained Burns & McDonnell

More information

Briefing on the development of an ICT business incubator in Ethiopia

Briefing on the development of an ICT business incubator in Ethiopia Briefing on the development of an ICT business incubator in Ethiopia Tessema Geda, EICTDA /ICTAD Manager projectmanager@ictadethiopia.org Kampala, Uganda 13 July 2007 Understanding characteristics of incubators:

More information

Small Business Innovation Research (SBIR) Program

Small Business Innovation Research (SBIR) Program Small Business Innovation Research (SBIR) Program Wendy H. Schacht Specialist in Science and Technology Policy April 26, 2011 Congressional Research Service CRS Report for Congress Prepared for Members

More information

R H W. October 2016 Research Study

R H W. October 2016 Research Study National Center for Rural Health Works www.ruralhealthworks.org October 2016 Research Study Estimate the Economic Impact of a Rural Primary Care Physician Fred C. Eilrich, Gerald A. Doeksen, and Cheryl

More information

What s Working in Startup Acceleration

What s Working in Startup Acceleration What s Working in Startup Acceleration Insights from Fifteen Village Capital Programs EXECUTIVE SUMMARY SOCIALENTERPRISEGOIZUETA VillageCapital Acknowledgements Authors Peter W. Roberts, Academic Director

More information

Economic Impact Study of Habitat for Humanity of McLean County, IL by Landon Hoffman and Diego Mendez Carbajo, Ph.D.

Economic Impact Study of Habitat for Humanity of McLean County, IL by Landon Hoffman and Diego Mendez Carbajo, Ph.D. Economic Impact Study of Habitat for Humanity of McLean County, IL by Landon Hoffman and Diego Mendez Carbajo, Ph.D. July 2015 Key Findings Since 2005 Habitat for Humanity of McLean County (HFHMC), IL,

More information

ORANGE COUNTY BUSINESS INVESTMENT GRANT PROGRAM Guidelines

ORANGE COUNTY BUSINESS INVESTMENT GRANT PROGRAM Guidelines ORANGE COUNTY BUSINESS INVESTMENT GRANT PROGRAM Guidelines PURPOSE The purpose of the Orange County Business Investment Grant Program (Grant Program) is to stimulate successful non-farm Business Investment

More information

U.S. Startup Outlook 2017

U.S. Startup Outlook 2017 U.S. Startup Outlook 2017 A SILICON VALLEY BANK SURVEY OF U.S. ENTREPRENEURS ABOUT BUSINESS CONDITIONS AND POLICY PRIORITIES @SVB_Financial #StartupOutlook Strength in the Innovation Sector Silicon Valley

More information

of American Entrepreneurship: A Paychex Small Business Research Report

of American Entrepreneurship: A Paychex Small Business Research Report 2018 Accelerating the Momentum of American Entrepreneurship: A Paychex Small Business Research Report An analysis of American entrepreneurship during the past decade and the state of small business today

More information

Trends in Federal Contracting for Small Businesses

Trends in Federal Contracting for Small Businesses Trends in Federal Contracting for Small Businesses A Research Summary for the American Express OPEN for Government Contracts: Victory in Procurement (VIP) for Small Business Program THERESA ALFARO DAYTNER

More information

LEAN STARTUP MACHINE RIYADH

LEAN STARTUP MACHINE RIYADH LEAN STARTUP MACHINE RIYADH ORGANIZED BY RAAT What is Lean Startup Machine? Lean Startup Machine is a hands-on workshop that teaches entrepreneurs and innovators to start their own companies using Lean

More information

Innovation Commercialization and the University of Pittsburgh Innovation Institute

Innovation Commercialization and the University of Pittsburgh Innovation Institute Innovation Commercialization and the University of Pittsburgh Innovation Institute Marc S. Malandro, PhD, CLP, RTTP Associate Vice Chancellor for Technology Management and Commercialization and Founding

More information

Contents. 1. What is Eureka!? What is a Business Plan? How do I participate? Eligibility Criteria 5

Contents. 1. What is Eureka!? What is a Business Plan? How do I participate? Eligibility Criteria 5 Contents 1. What is Eureka!? 3 2. What is a Business Plan? 4 3. How do I participate? 4 4. Eligibility Criteria 5 5. Competition Structure and Schedule 7 6. Competition Rules and Guidelines 10 7. How should

More information

SOCIAL INNOVATION FAST PITCH 2016 Seeking L.A. s most innovative and high-impact nonprofit organizations

SOCIAL INNOVATION FAST PITCH 2016 Seeking L.A. s most innovative and high-impact nonprofit organizations APPLICATION GUIDE SOCIAL INNOVATION FAST PITCH 2016 Seeking L.A. s most innovative and high-impact nonprofit organizations APPLICATIONS NOW BEING ACCEPTED Applications must be submitted online: www.socialventurepartners.org/los-angeles/fast-pitch/

More information

C2I: Connect to Implement. Empowering Youth to Grow Ideas into Jobs

C2I: Connect to Implement. Empowering Youth to Grow Ideas into Jobs C2I: Connect to Implement Empowering Youth to Grow Ideas into Jobs Background and Motivation Winner of the World Bank Group 2015 Youth Innovation Fund (YIF) An opportunity for young staff of the World

More information

Beall New Venture Competition at The Paul Merage School of Business. Welcome to the Kickoff!

Beall New Venture Competition at The Paul Merage School of Business. Welcome to the Kickoff! 2017 Welcome to the Kickoff! Thank You to our Sponsors Middle School Moguls Gina Heitkamp Winner of 2014 Business Plan Competition StackTek Matt Zimmer Participant of 2011 Business Plan Competition Let

More information

LARGEST Entrepreneurship Summit of Central India 19th-20th august 2017

LARGEST Entrepreneurship Summit of Central India 19th-20th august 2017 LARGEST Entrepreneurship Summit of Central India 19th-20th august 2017 AT IIM INDORE iim & iit indore Click Start (or) Scroll Down This Is Interactive Document Best Viewed In Adobe Reader v10 (or) Later

More information

Competition: TVET for the 21st Century The Most Promising Practices on the African Continent

Competition: TVET for the 21st Century The Most Promising Practices on the African Continent Competition: TVET for the 21st Century The Most Promising Practices on the African Continent Competition Open Public Voting Winners Announced AU Specialized Technical Committee Meeting Showcasing Winners

More information

Accelerator Fund Program and the Michigan Venture Devlopment Fund Program (individually)

Accelerator Fund Program and the Michigan Venture Devlopment Fund Program (individually) MEDC ENTREPRENEURIAL ECOSYSTEM ANALYSIS RFP-CASE-164857 Questions & Answers Q1) The RFP states that you are seeking an analysis to determine the effectiveness and economic impact of the Entrepreneurship

More information

SME Programs Empowering Young Entrepreneurs, Launching High-Impact Enterprises

SME Programs Empowering Young Entrepreneurs, Launching High-Impact Enterprises SME Programs Empowering Young Entrepreneurs, Launching High-Impact Enterprises Job Creation through Value Creation mincon Conference on Investment and Finance of the ICT Sector in the Arab Region May 9,

More information

The University of Georgia

The University of Georgia The University of Georgia Center for Agribusiness and Economic Development College of Agricultural and Environmental Sciences The Expected Economic Impact of a New Cotton Gin in the Mitchell County Area

More information

Tampa Bay Regional Planning Council Urban Focused Six Pillar Work

Tampa Bay Regional Planning Council Urban Focused Six Pillar Work Tampa Bay Regional Planning Council Urban Focused Six Pillar Work Economic Development, Entrepreneurship, Quality of Life and Quality of Place Lyneir Richardson, Executive Director Center for Urban Entrepreneurship

More information

GRANT APPLICATION FORM

GRANT APPLICATION FORM 2018 Rural Hospital Planning and Transition Grant Program GRANT APPLICATION FORM Please check appropriate project type: Strategic Plan Development Project OR Implementation Project, based on an existing

More information

2018 Hearthstone Builder Humanitarian Award

2018 Hearthstone Builder Humanitarian Award 2018 Hearthstone Builder Humanitarian Award NOMINATION FORM Thank you for entering the Hearthstone BUILDER Lifetime Public Service Award. Sponsored by BUILDER and Hearthstone, the award honors builders

More information

ECONOMIC IMPACT OF SMALL BUSINESS DEVELOPMENT CENTER COUNSELING ACTIVITIES IN THE UNITED STATES:

ECONOMIC IMPACT OF SMALL BUSINESS DEVELOPMENT CENTER COUNSELING ACTIVITIES IN THE UNITED STATES: ECONOMIC IMPACT OF SMALL BUSINESS DEVELOPMENT CENTER COUNSELING ACTIVITIES IN THE UNITED STATES: 2006-2007 James J. Chrisman, Ph.D. 1121 Edinburgh Drive Starkville, MS 39759 tel. 662-615-4373 jimkaren@bellsouth.net

More information

GATEWAY TO SILICON VALLEY SAMPLE SCHEDULE *

GATEWAY TO SILICON VALLEY SAMPLE SCHEDULE * GATEWAY TO SILICON VALLEY SAMPLE SCHEDULE * Ignite your entrepreneurial spirit and accelerate your ideas/company over one week. DAY 1: MONDAY 09:00 10:00AM SVI ACADEMY, PROGRAM INTRODUCTION 10:00 11:15AM

More information

2. Entrepreneurs possess highly specialized behavioral attributes that are distinct from those of non-entrepreneurs. (False)

2. Entrepreneurs possess highly specialized behavioral attributes that are distinct from those of non-entrepreneurs. (False) Questions for Chapter 2 True/False 1. Entrepreneurship is a process that can be learned. 2. Entrepreneurs possess highly specialized behavioral attributes that are distinct from those of non-entrepreneurs.

More information

The Chinese University of Hong Kong Vice-Chancellor s Cup of Student Entrepreneurship 2015

The Chinese University of Hong Kong Vice-Chancellor s Cup of Student Entrepreneurship 2015 The Chinese University of Hong Kong Vice-Chancellor s Cup of Student Entrepreneurship 2015 The Center for Entrepreneurship (CfE) of The Chinese University of Hong Kong (CUHK) invites all students attending

More information

Entrepreneurship: Getting Your Community Ready

Entrepreneurship: Getting Your Community Ready Entrepreneurship: Getting Your Community Ready Co-Sponsored by Greg Wise, Professor and Community Development Specialist and Chair Center for Community & Economic Development University of Wisconsin-Extension

More information

Who WE ARE. You provide the entrepreneurial spirit, we provide the tools. Together we cultivate your passion, channel

Who WE ARE. You provide the entrepreneurial spirit, we provide the tools. Together we cultivate your passion, channel Who WE ARE You provide the entrepreneurial spirit, we provide the tools. Together we cultivate your passion, channel your innovation and grow your business. Through world-class education, leading-edge

More information

2018 Rice University Business Plan Competition April 5-7, 2018 Houston, Texas

2018 Rice University Business Plan Competition April 5-7, 2018 Houston, Texas 2018 Rice University Business Plan Competition April 5-7, 2018 Houston, Texas Official Rules, Requirements, and Judging Criteria CONTENTS PAGE ABOUT, OBJECTIVE & BENEFIT 2 IMPORTANT DATES & DEADLINES 3

More information

2015 Request For Proposals Rural Hospital Planning and Transition Grant Program

2015 Request For Proposals Rural Hospital Planning and Transition Grant Program Date: August 18, 2014 To: From: Administrators, Eligible Hospitals, Other Interested Parties Will Wilson, Supervisor Primary Care and Financial Assistance Programs Office of Rural Health & Primary Care

More information

Program Planning & Proposal Writing. Checklist. SUMMARY Provides a brief overview of the entire proposal, including the budget

Program Planning & Proposal Writing. Checklist. SUMMARY Provides a brief overview of the entire proposal, including the budget Program Planning & Proposal Writing Checklist This checklist can help ensure that a proposal includes essential information in a logical order. In all cases, follow the instructions of the funder. Not

More information

A Multi-University Fed Post-Graduate Accelerator and a Model for Economic Development

A Multi-University Fed Post-Graduate Accelerator and a Model for Economic Development A Multi-University Fed Post-Graduate Accelerator and a Model for Economic Development Partnership, Sponsorship & Marketing Opportunity Prepared By: Steve Boerner President Hatch House Ventures steve@hatchhouseventures.com

More information

THE ECONOMIC IMPACT OF NATIONAL HERITAGE AREAS: A CASE STUDY APPROACH

THE ECONOMIC IMPACT OF NATIONAL HERITAGE AREAS: A CASE STUDY APPROACH THE ECONOMIC IMPACT OF NATIONAL HERITAGE AREAS: A CASE STUDY APPROACH BALTIMORE NATIONAL HERITAGE AREA AUGUST 2017 TABLE OF CONTENTS Introduction...1 Project Overview.3 Baltimore NHA Economic Impact..5

More information

CHAPTER 6. Starting Your Own Business: The Entrepreneurship Alternative

CHAPTER 6. Starting Your Own Business: The Entrepreneurship Alternative CHAPTER 6 Starting Your Own Business: The Entrepreneurship Alternative Chapter Summary: Key Concepts What Is an Entrepreneur? Entrepreneur Categories of entrepreneurs The person who seeks a profitable

More information

CREATIVE CATALYST PROGRAM ARTIST & SPONSORSHIP GRANT GUIDELINES

CREATIVE CATALYST PROGRAM ARTIST & SPONSORSHIP GRANT GUIDELINES Due: Monday, December 11, 2017 at 12:00 p.m. PST The San Diego Foundation (The Foundation) recognizes the value that artists contribute to our region s vitality, economy and quality of life. Artists are

More information

Augusta Innovation District DR. ED EGAN, DIRECTOR MCNAIR CENTER FOR ENTREPRENEURSHIP AND INNOVATION

Augusta Innovation District DR. ED EGAN, DIRECTOR MCNAIR CENTER FOR ENTREPRENEURSHIP AND INNOVATION Augusta Innovation District DR. ED EGAN, DIRECTOR MCNAIR CENTER FOR ENTREPRENEURSHIP AND INNOVATION High-growth, high-tech as a driver of U.S. economic growth The big picture u U.S. GDP growth is currently

More information

JA Maker Bowl. Coordinator Guide

JA Maker Bowl. Coordinator Guide JA Maker Bowl 2017 Coordinator Guide Inspire & Empower Austin Area Students The purpose of the JA Maker Bowl is to raise funds to bring JA s proven programs in financial literacy, entrepreneurship and

More information

EFB Position Paper: Fostering Long-Term Entrepreneurship

EFB Position Paper: Fostering Long-Term Entrepreneurship EFB Position Paper: Fostering Long-Term Entrepreneurship Entrepreneurship: any attempt at new business or new venture creation, such as self-employment, a new business organisation, or the expansion of

More information

Lessons Learned While Raising 9Venture Capital

Lessons Learned While Raising 9Venture Capital Lessons Learned While Raising 9Venture Capital A ppfolio CEO, Brian Donahoo, and Chief Strategist, Klaus Schauser, raised 30 million dollars in venture capital funding in 2008 and 2009. We sat down with

More information

Bright Future Program REQUEST FOR PROPOSAL

Bright Future Program REQUEST FOR PROPOSAL Bright Future Program Pathway 2 REQUEST FOR PROPOSAL Incubation Program Issuance Date: 10, October 2017 Closing Date: 31, October 2017 CALL FOR KABUL BASED ENTREPRENEURIAL MINDED ORGANIZATIONS, INCLUDING

More information

LORD MAYOR S GLOBAL ENTREPRENEUR 2018 PROGRAM A N INITI A T I VE OF DIGIT A L BRISBA N E AN D THE C ITY S DIGIT A L S T R A TEG Y

LORD MAYOR S GLOBAL ENTREPRENEUR 2018 PROGRAM A N INITI A T I VE OF DIGIT A L BRISBA N E AN D THE C ITY S DIGIT A L S T R A TEG Y LORD MAYOR S GLOBAL ENTREPRENEUR 2018 PROGRAM A N INITI A T I VE OF DIGIT A L BRISBA N E AN D THE C ITY S DIGIT A L S T R A TEG Y GROW YOUR EXISTING BUSINESS Since 2012, the city of Brisbane has provided

More information

Texas Venture Labs Investment Competition

Texas Venture Labs Investment Competition Texas Venture Labs Investment Competition The Texas Venture Labs Investment Competition (TVLIC) is designed to mimic the real-world process of raising venture capital. Graduate students from the University

More information

We are offering up to AUD$100,000 over six months to add your startup smarts to our industry strengths here in Queensland.

We are offering up to AUD$100,000 over six months to add your startup smarts to our industry strengths here in Queensland. Hot DesQ Guidelines Hot DesQ is offering everyone, from early-stage and established startups to successful Australian expats, the chance to base themselves in the Queensland startup community. We are offering

More information

Certificate in Entrepreneurship

Certificate in Entrepreneurship Certificate in Entrepreneurship This program aims to engage students in the knowledge and practice of entrepreneurship and to create in them the ability to achieve their economic and personal dreams. REQUIREMENTS:

More information

Rice Business Plan Competition

Rice Business Plan Competition Rice Business Plan Competition April 5-7, 2018 World s richest and largest student startup competition! 18 years and going strong! 1 Thank you for serving as a judge at the 2018 Rice Business Plan Competition!

More information

THE 2017 CHICAGO INNOVATION CHALLENGE. put on and sponsored, in part, by

THE 2017 CHICAGO INNOVATION CHALLENGE. put on and sponsored, in part, by THE 2017 CHICAGO INNOVATION CHALLENGE put on and sponsored, in part, by Illinois Institute of Technology ( Illinois Tech ) and its Jules F. Knapp Entrepreneurship Center with the support of the Sponsors*

More information

The Importance of Being Entrepreneurial in Today s Changing University Environment

The Importance of Being Entrepreneurial in Today s Changing University Environment The Importance of Being Entrepreneurial in Today s Changing University Environment Dr. Michael Morris Witting Chair in Entrepreneurship Syracuse University and Hilton Visiting Chair Iowa State University

More information