fusion pointe overview
DESCRIPTION
Fusion Pointe presentation delivered to the Lee County Industrial Development Authority February 21, 2014TRANSCRIPT
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INTRODUCTIONS
Steve WallingChairman, Fusion Pointe Board of Directors
Scott RelfVice-Chairman, Fusion Pointe Board of Directors
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What is Fusion Pointe and why is it needed?
What are Fusion Pointe’s goals? What will Fusion Pointe do? How will Fusion Pointe measure success? Who’s behind Fusion Pointe? What’s next and how do I get involved?
FUSION POINTE
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WHAT IS FUSION POINTE?
Fusion Pointe is a nonprofit devoted to encouraging, accelerating and expanding the innovation economy in Southwest Florida.
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WHY IS FUSION POINTE NEEDED?
“Wages and salaries in Southwest Florida
metropolitan areas “barely keep pace with
population growth, much less inflation.”
overall decline in SW Florida residents' incomes since 2007 recession 12%
According to Wells Fargo Securities’ Florida Economic Outlook: May 2013
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WHAT ARE FUSION POINTE’S GOALS? Create, discover and attract high quality
investment opportunities Produce more investor-ready companies Speed outcomes by partnering with regional
entrepreneurial support providers
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WHAT WILL FUSION POINTE DO FIRST?
Capital, expertise and connections to technology startups in our region.
ExpertiseHigh-impact, expert assistance
Connections Collaborate to increase access
to resources and ensure support is complementary
CapitalEarly-stage investments
of $50-125K
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TARGETED COMPANIES
Highly promising startups too early in their development to secure private capital.
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MEASURES OF SUCCESS We will establish
success metrics, measure performance and use the results to inform future actions
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FUSION POINTE LEADERSHIP
Investors Entrepreneurs Economic Development Professionals National Business Leaders Educators
In partnership with JumpStart Inc.
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JUMPSTART Successful VDO in
Northeast Ohio will provide: Best Practices Systems Infrastructure
By partnering, we reduce startup costs and time and generate real outcomes sooner.
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OUR NEXT STEPS Secure additional public,
private and philanthropic support
Validate the early stages of the business plan
Initiate implementation activities Inclusive marketing and outreach Expert services Capital Connections and partnerships
Open the doors [est. Q2 2014]
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CONTACT US
KENA YOKE(p) 239.592.9193(e) [email protected]
STEVE WALLING(p) 440.812.5433(e) [email protected]
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Appendix
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Private InvestorFunding ($)
“Valley of Death”Start-UpIncubation
(Pre Fusion Pointe)
(Post Fusion Pointe)
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Contact Us
KENA YOKE(p) 239.592.9193(e) [email protected]
STEVE WALLING(p) 440.812.5433(e) [email protected]
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facebook.com/FusionPointe | @FusionPointe, #startupSWFL
FusionPointe.org
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Last Slide