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Cultivating an Entrepreneuria l Ecosystem

Cultivating an Entrepreneurial Ecosystem

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This presentation was given at the Atlanta Regional Commission's 's Community Planning Academy on 12-09-2010. It highlights the Central Ohio entrepreneurial ecosystem and specifically addresses the Dublin Entrepreneurial Center 's success.

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Page 1: Cultivating an Entrepreneurial Ecosystem

Cultivating an Entrepreneurial Ecosystem

Page 2: Cultivating an Entrepreneurial Ecosystem

Central Ohio Region

• Third Frontier Program• Ohio Tech Angels – 2nd largest in

America• TechStart: $22.5 million venture

development program• Coached 1,153 startups over five years• Invested 16.4M in 93 technology

startups• Raised $338M for funded/incubated

Page 3: Cultivating an Entrepreneurial Ecosystem

TechColumbus

• Award winning technology incubator• 750+ members – communities,

businesses and individuals• The nation’s only non-profit IT testing

lab and data center• 15 county region• Satellite community entrepreneurial

centers

Page 4: Cultivating an Entrepreneurial Ecosystem

City of Dublin

• TechColumbus partnership• Demographics• Economic Development Team– 3 City employees, 7 consultants

• Key initiatives• Setting conditions

Page 5: Cultivating an Entrepreneurial Ecosystem

City of Dublin

Page 6: Cultivating an Entrepreneurial Ecosystem

Dublin Entrepreneurial Center

Page 7: Cultivating an Entrepreneurial Ecosystem

Dublin Entrepreneurial Center

• Economic Development Team initiative• 45,000 square feet• April 2009 - Grand opening (95%

empty!)• 47 companies currently• One floor, then one building to go…• 2 entrepreneur contractors• 2010: 100+ events & 3,000+

attendees

Page 8: Cultivating an Entrepreneurial Ecosystem

Dublin Entrepreneurial Center• How?– Think, plan, and speak forward– Deliver– Team• “We” accomplishes more than “I”• No room for egos or agendas

– Flexibility–Market the audacious & exceed

expectations

Page 9: Cultivating an Entrepreneurial Ecosystem

Dublin Entrepreneurial Center

• Why is it successful?– Setting the conditions– Vision and direction– Hands off leadership– Committed team– Self-organizing groups– “Arms wide open”

Page 10: Cultivating an Entrepreneurial Ecosystem

Dublin Entrepreneurial Center

• What is important?– Company success– Community– Collaborators– Education and networking– Branding

Page 11: Cultivating an Entrepreneurial Ecosystem

Dublin Entrepreneurial Center

• What is being planed for 2011?– Global Economic Development Center• Leveraging international demographics• Identifying resources, Collaborators, external

groups• Hosting initial events beginning in January

– Café?– The Sky is the Limit

Page 12: Cultivating an Entrepreneurial Ecosystem

Dublin Entrepreneurial Center

Rick CoplinVenture Development Director

TechColumbus

Email: [email protected] Dublin Entrepreneurial Center: www.DECinDublin.com

LinkedIn: www.linkedin.com/in/rickcoplin Twitter: www.twitter.com/RickCoplin

Blog: MidWest TechBizhttp://rickcoplin.blogspot.com