Upload
erin-stokes
View
216
Download
0
Tags:
Embed Size (px)
Citation preview
Growing Oklahoma’s Entrepreneurial Economy
Tom WalkerCEO & President
Innovation EconomyMaking Place MatterJune 14, 2011
First in Tech Job Growth
#2 for Small Business Vitality "Ranking
4th Best City to Get a JobFebruary 1, 2011
April 11, 2011
January 6, 2011
December 7, 2010
Fifth on Forbes: “America's Best Job Markets”
Kauffman Index of Entrepreneurial Activity- Oklahoma the most active for entrepreneurial activity
MissionNurturing entrepreneurs…
building high growth companies in Oklahoma
i2E Impact Since 2000
Best Practices
2010 Excellence in Technology-based Economic Development
Increasing Access to Capital
2010 Standards for Excellence second Oklahoma non-profit organization
2009 Best Practices Award Tech-based Economic Development for comprehensive commercialization services
2008 Entrepreneurship Summitrecognized as a principal source of high value-added human & intellectual capital
2011 Recognized as a leader in the Venture Development Market
…providing resources at critical stages
…a catalyst for growth by providing Venture expertise.
i2E Portfolio Oklahoma is primed for start-ups
…increasing the capacity of start-ups through Entrepreneurial Development.
Entrepreneur in Residence (EinR)• Provide access to seasoned entrepreneurs and investors• Build bridges with other entrepreneurial regions• Lead EinR- Bill Payne
Staged Approach
…growing companies and investment resources through targeted Access to Capital initiatives.
Proof-of-Concept110 Companies;
55% Survival Rate38% Financed
by Paybacks$9.5MM Leveraged $250MM in Private
Investment
Seed Fund $17MM7 Companies 14 Rounds
$4MM Leveraged $18MM in Private
Investment
SeedStep Angels20 in OKC7 in Tulsa 4 Deals Targets group in 400
mile driving radius
SBIR/STTR Services
Supports Manufacturers
Increase quality and number of SBIR Awardees
Improve the success of Phase I to Phase II
Reinforce commercialization strategy
Serve 10 new companies
Create 4 collaborations
Fulltime Management
Deal Flow Infrastructure
OKC and Tulsa Chapters
Routine Deal Meetings
4 deals closed
3 in Due Diligence
i2E Investor Initiatives
Power of Angel Investing
EinR Angel Networking
VentureSource Research
Investor Competition
Catalyst for Organized Capital
i2E Portfolio attracts Regional Investment
•$665MM Follow on Funding
•55% Concept Fund Investments still in business since 1998
•10 companies raised more than $.5MM in follow on investment in 2010
•$425MM of Private Capital in more than 345 financing rounds
Office of Entrepreneur Development
Promote high growth entrepreneurship in region
Enhance entrepreneurial networks and programs- Angel/Entrepreneur Networking Events- Entrepreneur Training Events
Impact availability of risk capital- SBIR Program- Investor Competition
Media and Publications
Partners