PRESENTATION Building the Infrastructure To C r e a t e a V i b r a n t TITLE SLIDE E n t r e p r e n e u r i a l E c o s y s t e m @joinsourcelink hello@joinsourcelink.com www.joinsourcelink.com 844-804-8775
ENTREPRENEURIAL ECOSYSTEM @joinsourcelink hello@joinsourcelink.com www.joinsourcelink.com 844-804-8775
EMPLOYMENT GROWTH Young firms (0-5 years) create jobs with net employment growth of 8.6% Older and larger firms (6-10 years and 11+ years) shed more jobs than they create Source: Ewing Marion Kauffman Foundation Download this presentation at www.joinsourcelink.com/caled
IT TAKES ALL TYPES OF ENTREPRENEURS 76% Microenterprises 22% Main Street 1% Innovation-Led 1% Second Stage *Nationally based on companies with fewer than 100 employees
TRANSPORTATION
#ECONDEV INFRASTRUCTURE ATTRACTION CREATION Source: The IEDC s Economic Development Reference Guide, sections processed through word cloud generator RETENTION
BUILDING Click to edit A SUPPORT Master title STRUCTURE style FOR ENTREPRENEURS Identify Connect Empower Measure the entrepreneurial resources in your community and make them visible your community through a central hub your ecosystem by engaging, listening, responding and collaborating to solve problems and fill gaps your impact, based on your entrepreneurial ecosystem s stage of development
Click to edit Master title style THIS EXISTS IN YOUR REGION CAN YOU SEE IT?
ASSET Click to MAP edit Master title style CATEGORIZED, SEARCHABLE LIST OF RESOURCES Identify and map your resources, quickly Make resources visible and accessible, 24/7/365 Connect entrepreneurs to relevant resources, efficiently
Click to edit Master title style Don t Build a Directory Build a Network ACTIVATE THE NETWORK
Click to edit Master title style CONNECT Talent Entrepreneurs Resources Technology Investors Mentors
EMPOWER Click to edit THE Master NETWORK title style Reduce duplication and streamline systems Fill gaps through data driven decision making Drive investment into the entrepreneurial infrastructure Amplify the message
WHEN Click to YOU edit EMPOWER Master title A style NETWORK Digital Sandbox provides innovators with proof-of-concept resources to support early-stage commercialization processes. NetWork Kansas With more than 500 network partners, has the scale to launch programs that go from state or federal level to the local level very quickly. LA Urban League provides technical assistance to business owners through the Crenshaw/LAX Transit Project Pilot Business Solution Center. FORGE PARTNERSHIPS BETWEEN ENTREPRENEURS AND CORPORATIONS 65 proof-of-concept projects (funded at less than $25k) $28MM in follow-on funding 339 new jobs in 3 years LEVERAGED NETWORK Launched StartUp Kansas loan fund, built E-Communities structure & leveraged SSBCI funds $19MM in NetWork Kansas investment leveraged $268MM in private funds. MEASURE Tracked businesses impacted by construction of Crenshaw/LAX Transit Projects.
CHANGE Click to edit YOUR Master WORLD title style We re making progress. KC is moving the needle for our entrepreneurs and making progress toward becoming America s most entrepreneurial city. www.wecreatekc.com
EARLY Click to ECOSYSTEM edit Master title MEASURES style Number of Partners Network Access Web Visits Hotline Calls Resource Navigator Searches Network Strength Partners Calendar Events Satisfaction Survey Results Network Reach Friends and Followers Sources of Traffic
ONGOING Click to edit ECOSYSTEM Master title MEASURES style ACCESS TO CAPITAL CONNECTIVITY OF RESOURCES DEMOGRAPHICS AND DENSITY PIPELINE OF INNOVATION
STARTUP Click to edit ENTREPRENEURS Master title style CREATE JOBS Contributions from Kansas City first-time employers Download this presentation at www.joinsourcelink.com/caled
How do I engage in the entrepreneur ecosystem? Understand and build relationships with existing entrepreneurship support providers in your area Seek to collaborate rather than duplicate when developing your services and programs Determine your sweet spot in the ecosystem and develop an expertise in that area Create clear and focused measurements that indicate you are truly creating and supporting entrepreneurs Become a champion of entrepreneurship as a tool Source: Dell Gines, Federal Reserve Bank Kansas City @joinsourcelink hello@joinsourcelink.com www.joinsourcelink.com 844-804-8775
I only have an hour a week, what can I do? Know your resources; be prepared to make a referral Keep your community s startup up process in your back pocket; give it to someone who needs it Improve someone s social network; introduce them to a customer, investor or mentor Attend a meetup; sponsor it; convene it Celebrate an entrepreneur in your communications
Click to edit Master title style Questions? /joinsourcelink Maria Meyers, Founder, SourceLink @mariaemeyers mmeyers@joinsourcelink.com www.joinsourcelink.com Download this presentation at www.joinsourcelink.com/caled