View
1.016
Download
1
Embed Size (px)
DESCRIPTION
Citation preview
Civic Innovation Lab
Jennifer Thomas Founding Director,
Civic Innovation Lab
Andradia
Scovil Program Coordinator,
Civic Innovation Lab
The Civic Innovation Lab
Jennifer Thomas, DirectorAndradia Scovil, Program Coordinator
www.civicinnovationlab.org
Putting the soul in economic developmentPutting the soul in economic development
Old Industry
Innovative Industry
Ray’s Indoor Mountain Bike Park
Over 100,000 sq. ft. of riding heaven
Innovative Industry
Alternative energy solutions for small business
Traditional Entrepreneur
Global business
Industry driven
Community Entrepreneurs
Sam Merrett, Full Circle Fuels
Jennifer Coleman, CityProwl
Community Entrepreneurs
Terry Travis Cleveland365.com
Brother Charles McElroy, College
Interns for Energy Efficiency
Barbara Oney & TL Champion Got*City GAME!
Old Investors
v
$2 billion
in sales?
New Investors
Thomas Mulready
Phil Alexander Kathy Barrie
Collette Appolito
Jon Adams
Alton TinkerEarl Pike
Tim Mueller
The Vision
to implement community innovation o with a small amount of seed fundingo large dose of civic engagement
How We Implement
The Lab fuels innovation by providing
funding of up to $30,000 mentoring by seasoned entrepreneurs
for civic, social and business ideas that can grow the Greater Cleveland economy.
Civic Innovation Lab Results 2003 - 2009
Initiatives funded: 52Grants disbursed: $1.5MMMentor Volunteer hours: 2,500+
Jobs created: 128Economic Impact: $9.4MM
Follow on investments: $6.2 MM
See for yourself
http://www.fromthebluebag.com
http://www.raysmtb.com
http://www.coolcleveland.com
http://www.handsonneo.org
Lab Services
o Provide workshops to focus new ideas into business models
o Coach top candidates on presentation skills
o Provide funding to launch early stage ideas
o Mentor the next generation of entrepreneurs “champions” with resident expertise
Why Does it Matter?
o Support innovation and company creation at the earliest stages
o Develop globally competitive entrepreneurs
o Encourage business leaders to take responsibility for the city’s future
o Apply innovation at the community level
Why Does it Matter? Business Education Environment
Community Impact
Full Circle Fuels - Ohio’s first full service alternative fuels station. Sam Merrett patented a biodiesel blending pump and services 100+ customers weekly.
Ray’s MTB – The nation’s only indoor mountain bike park. Rider ship increased 40% in in one year from 7,000 to 10,000. Ray’s fills over 800 hotel nights/ season.
E Prep School - sixth grade literacy score go from 7% to 72% in just six months.
MedCityNews – online news service covering the business of healthcare has over 70,000 unique visitors per month, growing at 40% rate per month.
Success and Failure
Success 24%Thriving organizations where constituents see value and pay for service
> 2 yrs.
Promising 43%Newer initiatives that have community support but not yet thriving
< 3 yrs.
Struggling 10%Initiatives have lost community support but champion still trying 2 - 4 yrs.
Failure 23% No longer active 3 - 4 yrs.
Future of the Lab
Share the Model
A flexible, scalable, low cost program that encourages and supports innovation by providing start-up funding and momentum through active civic engagement by local leaders.
How to Get Started
Define the Focus for Innovation
Economic DevelopmentDowntown vibrancyAttracting and retaining talentSupporting entrepreneurshipBuilding new industries
Demand for innovation
Community entrepreneurs - no difference between work and play
Nurture with mentorship:ideas, innovation, failure lead to
ideas, innovation, success
Understand continuum of entrepreneurship: need both global business entrepreneurs AND community entrepreneurs
Cost / Benefit
6 Year investment of $2.75 million$9.4 million economic impact = 3.5x return
6 year grant total of $1.5 million$9.4 million economic impact = 5.6x return
Benefit
Community impact - entrepreneurs who think globally, act locally
New leadership engagement –mentors who use expertise
Culture of innovation
Attract talent
Impact – low cost, high value
Can you do this in your community?
o Find cool happenings every weeko Volunteer with your friends when it’s conveniento Mountain bike indoorso Help a stay-at-home mom get back to worko Get free entrepreneur biz assistance o Upcycle unwanted productso Buy a gift that diverts glass landfillo Set up alternative energy resource at your bizo Help an musician create a personal portfolioo Buy fresh food from a local farm
It’s possible!
o coolcleveland.como handsonneo.orgo raysmtb.como beyondmotherhood.como beedance.como fromthebluebag.como expediterenewableenergy.como citizengroove.como freshforkmarket.com
…and many more!
Please complete the survey being distributed by the volunteers. Survey may be returned to the
volunteers or at the Registration Desk in Ballroom A.
Thank you to our sponsors