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• Innovation-based Startups • Coaching through a rigorous
development model • Connect to Resources,
including: • Mentors • Legal, accounting,
marketing, web design, etc. • Capital – Seed Fund, Angel
Network, Crowdfunding • Events – Startup Weekend, New
Venture Challenge
• Existing Industry Innovation • InnovateMEP.ms -
manufacturing focus • Innovate MEP.ms Centers at
MSU, MPI @ USM, Gulf Coast CC & 4 other community colleges
• “Make it in America” Reshoring Program
• Innovation Deployment • Connecting Inventors to Mfg.,
Distribution, Sales, etc. • Innovation Deployment within
existing industry
TWO FOCUS AREAS
www.innovate.ms
WWW.INNOVATE.MS
INNOVATION-BASED • Innovation-based ventures – Not just “I.T.”
• Ventures based on new, unique products, processes, business models, etc.
• Generally “protectable” through patents, proprietary information, business models, etc.
• High Growth Potential • Generally not “bankable” • Roughly 1,200 companies since 2002 • These companies have raised ~$150 million
SO, 125 TIMES A YEAR SOMEONE LIKE THIS WALKS IN OUR DOOR…
www.innovate.ms
www.innovate.ms
www.innovate.ms
Stage 3 Development
Stage I Investigation
Stage 2 Feasibility
Stage 4 Introduction
Stage 5 Growth
Stage 6 Maturity
Engineering Prototype
Technical Analysis
Technical Feasibility
Pre-production
Prototype
Production Support
Strategic Market plan
Market need Assessment
Market Validation
Sales & Distribution
Market Diversification
Strategic B/plan
Venture Assessment
Economic Feasibility
Business Start-up
Business Growth
Business Maturity
Technical
Marketing
Business
Market Study
Production
COMMERCIALIZATION MODEL
Step 1
Step 2
Step 3
Step 4
Step 5
Step 6
Step 7
Step 8
Step 9
Step 10
Step 11
Step 12
Step 13
Step 14
Step 15
Step 16
Step 17
Step 18
• Innovation-based Startups • Coaching through a rigorous
development model • Connect to Resources,
including: • Mentors • Legal, accounting,
marketing, web design, etc. • Capital – Seed Fund, Angel
Network, Crowdfunding • Events – Startup Weekend, New
Venture Challenge
• Existing Industry Innovation • InnovateMEP.ms -
manufacturing focus • Innovate MEP.ms Centers at
MSU, MPI @ USM, Gulf Coast CC & 4 other community colleges
• “Make it in America” Reshoring Program
• Innovation Deployment • Connecting Inventors to Mfg.,
Distribution, Sales, etc. • Innovation Deployment within
existing industry
TWO FOCUS AREAS
www.innovate.ms
Innovation Deployment
INNOVATION DEPLOYMENT
NG1 TECHFLO + HAWKEYE MFG.
INNOVATION DEPLOYMENT EXAMPLE: “PERFECT BACON BOWL®”
Innovate Mississippi’s Role: 1. Found the Invention through “Edison Nation” 2. Connected US Dinnerware in Port Gibson 3. Coordinated development of new design improvements by US Dinnerware 4. Provided direct mfg. support during launch & growth 5. Provided direct logistics, packaging, tooling support 6. Intervened on their behalf with Wal-Mart and Edison nation regarding
Chinese competitor 7. Made introductions to Wal-Mart – leading to new product leads 8. Edison Nation now ordering for Europe
Note: Company increased from 15 to 75 employees
THE SUPPLY CHAIN EQUATION
Tony’s Axiom: A Startup is a FOOL to not source locally in the beginning
www.innovate.ms
Stage 3 Development
Stage I Investigation
Stage 2 Feasibility
Stage 4 Introduction
Stage 5 Growth
Stage 6 Maturity
Engineering Prototype
Technical Analysis
Technical Feasibility
Pre-production
Prototype
Production Support
Strategic Market plan
Market need Assessment
Market Validation
Sales & Distribution
Market Diversification
Strategic B/plan
Venture Assessment
Economic Feasibility
Business Start-up
Business Growth
Business Maturity
Technical
Marketing
Business
Market Study
Production
COMMERCIALIZATION MODEL
Step 1
Step 2
Step 3
Step 4
Step 5
Step 6
Step 7
Step 8
Step 9
Step 10
Step 11
Step 12
Step 13
Step 14
Step 15
Step 16
Step 17
Step 18
CHANGING THE SUPPLY CHAIN EQUATION • Made in America Movement • Walmart’s $250B Made in the USA Pledge • Many other Made in the USA initiatives
When Retailers provide these incentives they move the Made
in the USA decision from an intangible – even unknown benefit – to a tangible benefit.
www.innovate.ms
WALMART’S 2016 U.S. MANUFACTURING SUPPLIER SUMMIT
WALMART’S 2016 U.S. MANUFACTURING SUPPLIER SUMMIT
WALMART’S 2016 U.S. MANUFACTURING SUPPLIER SUMMIT
WALMART’S 2016 U.S. MANUFACTURING SUPPLIER SUMMIT
WALMART’S 2016 U.S. MANUFACTURING SUPPLIER SUMMIT
Mississippi Suppliers: Beck’s Confections (Gulfport) Billy’s Original Foods (Vicksburg) DeerScaping (Ackerman) R2PG (Port Gibson) TheMaxBit (Clinton) FishGrip by United Plastic Molders (Jackson)
WHAT WE NEED • Ideas with potential • Manufacturers who want new products &/or new markets • Interested investors • Mentors • Service Providers (Accountants, Attorneys, Marketing, etc.) • Partners to help spread the message to all groups above
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