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The America21 Project (http://blackinnovation.org) is the nation's only national authoritative voice dedicated to Inclusive Competitiveness through the building of urban innovation ecosystems that connect economically disconnected sectors with existing regional innovation clusters to strengthen the overall economy. America21 is a valuable resource for economic regions, education institutions, communities, conferences, summits, business and political leaders seeking to invest and uplift economically disconnected sectors across America to connect with the 21st century innovation economy and strengthen America's global competitiveness.
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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: [email protected]
Mike Green A21 Co-founder
Email: [email protected] 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: