Changing the economic narrative

Developing innovation ecosystems

Connecting the disconnected

©2012 A21

Building Inclusive Competitiveness in Urban America from Pipeline to Productivity

Changing the economic narrative

Developing innovation ecosystems

Connecting the disconnected

©2012 A21

Building Inclusive Competitiveness in Urban America from Pipeline to Productivity Entrepreneurship

Access to Capital

agrarian economy manufacturing and service economy

America’s Transitioning Economy

19th century

©2012 A21

20th century

21st century

Since 1980, nearly ALL net new jobs are due to companies five years old and younger.*

Knowledge-based, tech-driven

*Kauffman Foundation report, 2010

agrarian economy manufacturing and service economy

RISK Capital

DISRUPTIVE Ideas

America’s Transitioning Economy

19th century 20th century

©2012 A21

21st Century

INNOVATION ECONOMY

HIGH-GROWTH entrepreneurs

Fastest-growing young firms account for 10% of all net new jobs every year!

GAZELLES: Comprise less than 1% of all companies

However …

WHAT IS AN INNOVATION ECOSYSTEM?

ACCESS TO CAPITAL: A culture of risk capital

(angel investors and venture capital) is required to fuel startup and early stage growth companies that create jobs and exponential economic impact.

ENTREPRENEURSHIP: Cultivating a culture of

entrepreneurship requires wraparound resources, education, networking events, workshops, mentoring and pitch sessions. HIGH-GROWTH entrepreneurship has produced nearly ALL net new jobs in America, since 1980.*

PIPELINE: STEM education (science, technology,

engineering and math) is the common ground cultivated to produce America’s innovative high-growth entrepreneurs.

Source: Kauffman Foundation ©2012 A21

WHAT IS AN INNOVATION ECOSYSTEM?

ACCESS TO CAPITAL: A culture of risk capital

(angel investors and venture capital) is required to fuel startup and early stage growth companies that create jobs and exponential economic impact.

ENTREPRENEURSHIP: Cultivating a culture of

entrepreneurship requires wraparound resources, education, networking events, workshops, mentoring and pitch sessions. HIGH-GROWTH entrepreneurship has produced nearly ALL net new jobs in America, since 1980.*

PIPELINE: STEM education (science, technology,

engineering and math) is the common ground cultivated to produce America’s innovative high-growth entrepreneurs.

Source: Kauffman Foundation

“Silicon Valley would still be smart engineers sitting in their garages without a culture of risk capital.”

Steve Blank, Professor of Entrepreneurship Stanford University

America’s Innovation Economy

Exponential job growth No job growth

Entrepreneurial Ecosystem

No Ecosystem

Public-Private risk capital infrastructure

No investment infrastructure

21st century DISCONNECTED CONNECTED

©2012 A21

America’s Innovation Economy

$30B 2011: Amount venture capitalists invested in 3051 companies (not

including angel investors).*

Source: CBInsights & Center for Venture Research, University of New Hampshire

$9B 2011: Amount angels invested in early stage companies in the first half (Q1/Q2) of 2011. $3.5B targeted startup

companies.*

America’s Innovation Economy

$30B 2011: Amount venture capitalists invested in 3051 companies (not

including angel investors).*

Source: CBInsights & Center for Venture Research, University of New Hampshire

$9B 2011: Amount angels invested in early stage companies in the first

half (Q1 / Q2) of 2011. $3.5B targeted startup companies.*

Minorities represent just 5% of the angel investment space.

Minority entrepreneurs pitching to angels in 2011 = 11%.

The yield rate for investments in minority entrepreneurs is 17%, which is higher than overall market yield rates.*

1960: 29%

2011: 9%

TREND: U.S. Manufacturing Employment as a Percentage of Total U.S. Employment

©2012 A21

African Americans suffer chronic high unemployment at twice the rate of White Americans. That stat has remained consistent every year since Dr. Martin Luther King complained of chronic joblessness on the Washington Mall in 1963.

BADNEWS

1960: 29%

2011: 9%

TREND: U.S. Manufacturing Employment as a Percentage of Total U.S. Employment

©2012 A21

African Americans suffer chronic high unemployment at twice the rate of White Americans. That stat has remained consistent every year since Dr. Martin Luther King complained of chronic joblessness on the Washington Mall in 1963.

BADNEWS

Minorities are over-represented in manufacturing

and service sector job markets.

©2012 A21

GOODNEWS

HOMEWOOD has an Urban

Innovation Ecosystem

©2012 A21

GOODNEWS

HOMEWOOD has an Urban

Innovation Ecosystem

+ PARTNERS

Building Inclusive Competitiveness in Urban America

from Pipeline to Productivity

ACCESS TO CAPITAL:

ENTREPRENEURSHIP:

PIPELINE:

Urban Innovation21

TEAM Carlow University Community College of Allegheny County Duquesne University Institute for Transfusion Medicine Point Park University

Idea Foundry Innovation Works

Idea Foundry Innovation Works PNC Bank Hill House Economic Development Corporation Heinz Endowment Urban Redevelopment Authority of Pittsburgh

ACCESS TO CAPITAL:

ENTREPRENEURSHIP:

PIPELINE:

Urban Innovation21

TEAM Carlow University Community College of Allegheny County Duquesne University Institute for Transfusion Medicine Point Park University

Idea Foundry Innovation Works

Idea Foundry Innovation Works PNC Bank Hill House Economic Development Corporation Heinz Endowment Urban Redevelopment Authority of Pittsburgh

COACH

Vision Strategies Outcomes

Building Inclusive Competitiveness in Urban America

from Pipeline to Productivity

VISION

What if HOMEWOOD were Ground Zero for the best and brightest minds in Urban Innovation to assemble and lend their expertise and best practices to generating strategies for economic revitalization of HOMEWOOD?

VISION

What if HOMEWOOD were Ground Zero for the best and brightest minds in Urban Innovation to assemble and lend their expertise and best practices to generating strategies for economic revitalization of HOMEWOOD?

Urban Innovation21 Economic Summit Pipeline: Entrepreneurial Education Leaders

Entrepreneurship: High-Growth Resources

Capital: Angels, Foundations, VCs, Banks

Partnership Summit

Changing the narrative

STRATEGY

What if HOMEWOOD developed its own urban innovation ecosystem?

STRATEGY

What if HOMEWOOD developed its own urban innovation ecosystem?

HOMEWOOD Idea Machine

HOMEWOOD Urban

Innovators

HOMEWOOD Urban Angels

Generating channels of creative activity can help disrupt the current paradigm and refocus the attention on problem-solving through entrepreneurship. Online platform empowers anyone with an idea to plug it into the Idea Machine and receive feedback on viable resources to advance the idea. Urban Innovators and Angels groups help develop the framework for an internal urban innovation ecosystem.

©2012 A21

WHO ARE WE?

A21 is a national nonprofit dedicated to inculcating a new economic vision for economically disconnected sectors of Urban America. A21 is the ONLY authoritative national voice articulating a message of job growth and wealth creation within a 21st century Innovation Economy framework. A21 works to connect the economically disconnected through a core framework of: • STEM Education & Workforce Development

• High-Growth Entrepreneurship

• Access to Capital & Risk Capital Formation

CNN screenings: Black In America, Silicon Valley

Portland, Oregon Urban Innovation Roundtable

Gathering of Angels & Entrepreneurs

Minority Biomedical Entrepreneurship Conference

National Association of Black Journalists: Media Entrepreneur workshops & panels

2011

©2012 A21

WHO ARE WE? Mike Green is a co-founder and Principal of The America21 Project and serves as the A21 mass communications expert. His background includes:

Johnathan Holifield is co-founder and Principal of The America21 Project and serves as the A21 economic development expert. His background includes:

Dr. Chad Womack is a co-founder and Principal of The America21 Project and serves as the A21 Managing Director. His background includes:

Led the 100-day community initiative, with more than 300 volunteers that launched CincyTechUSA, comprised of university presidents, Fortune 500 CEOs, innovation entrepreneurs and technology advocates. Dubbed the “Regional Voice of Technology and Innovation.” Partnered with universities and businesses to form $40M of risk capital, which sparked the creation of a $250M network of early-stage investment funds to spur high-growth entrepreneurship while building an inclusive regional technology and innovation movement that created Ohio’s first information technology-based urban high school. Partnered with universities, businesses and nonprofits to obtain more than $40M in grant funding, cash investments and in-kind support for research and commercialization to nurture a high-growth entrepreneurial ecosystem, including a business accelerator and training program. Received Ohio gubernatorial appointment to the Midwest Governors Association Investments for the Knowledge-based Economy Project, serving as co-chair of the Increasing Research Capacity and Accelerating Commercialization Team. Received gubernatorial appointment to the Ohio House and Senate Joint Legislative Commission on High-Tech Business.

Extensive background in science, science education, biotechnology, tech-entrepreneurship and innovation-based economic development. Co-founded and launched 3GEN Vaccines Inc. – a nanobiotechnology company, and served as the company’s founding President and Chief Science Officer (CSO). Served as the founding President and Chair of TBED21, Inc. a technology- based economic development nonprofit organization dedicated to empowering urban centers and underserved communities through science, technology and innovation. Established the Philadelphia STEM Innovation Center and the Philadelphia Biotechnology and Life Sciences Institute (PBLSI). Completed post-graduate research fellowships at the National Institutes of Health (NIH),; the Harvard AIDS Institute and the Harvard School of Public Health. Dr. Womack earned his Ph.D. in Biomedical Sciences from the Morehouse School of Medicine, and is a proud graduate of Morehouse College.

14 years award-winning journalist:

• New York Times Leadership Academy Fellow • Graduate of the Maynard Media Institute at

Harvard • CNN.com training • Dow Jones: Conceived, led and managed

award-winning online news website and social media platforms. Many awards for editorial writing, editing and page design at Oregon at Dow Jones Local Media Group daily newspaper in Oregon.

Internet Tech Entrepreneur: Founder and CEO of Vizitnow3D, Inc.; Co-founder of Epiphany3D, LLC.

©2012 A21

Developing Inclusive Competitive Urban Innovation Ecosystems

Contact Us:

General: info@blackinnovation.org

Mike Green A21 Co-founder

Email: Mike@blackinnovation.org Phone: 541.730.2164

QUESTIONS

QUESTIONS

Oakland, CA

Urban Fire is a 2-part program that teaches the principles of entrepreneurship to inner city residents in Oakland, Calif. and then provides resources to assist them in launching their business.

Example: