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Supporting Transformative Entrepreneurship Development What’s it take? Deb Markley RUPRI Center for Rural Entrepreneurship

Gathering 2011 Breakout Session - Entrepreneurship - Supporting Transformative Entrepreneurship Development - Deb Markley of RUPRI

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Page 1: Gathering 2011 Breakout Session - Entrepreneurship - Supporting Transformative Entrepreneurship Development - Deb Markley of RUPRI

Supporting Transformative Entrepreneurship Development

What’s it take?

Deb MarkleyRUPRI Center for Rural

Entrepreneurship

Page 2: Gathering 2011 Breakout Session - Entrepreneurship - Supporting Transformative Entrepreneurship Development - Deb Markley of RUPRI

A Decade of Learning

What makes a region entrepreneurial?• Systems approach – connecting the dots within

the community and the region; seeing the whole; thinking regionally• Entrepreneurial culture – shifting mindsets and

changing conversations• Sustainability - ability to continually invest and

adapt to new opportunities and challenges; regional anchor institutions

Page 3: Gathering 2011 Breakout Session - Entrepreneurship - Supporting Transformative Entrepreneurship Development - Deb Markley of RUPRI

Systems Approach

• Entrepreneur focused – meeting entrepreneurs where they are; responsive to their demand

• Pipeline approach – wide and deep mouth of the pipeline; process for moving through the pipeline

• Not just another program – holistic; interconnected • Collaboration among resource providers – offers “no wrong

door” and leads to “hard referrals”• Hub – someone helping make connections; “network

weaver”• Regionally asset based – connected to community and

regional assets

Page 4: Gathering 2011 Breakout Session - Entrepreneurship - Supporting Transformative Entrepreneurship Development - Deb Markley of RUPRI

Entrepreneurial Culture

• Youth engagement – early exposure to eship education; demonstrating opportunities to “come home”

• Holding up entrepreneurial role models – shifting mindsets of what’s possible; “taking a job” vs. “making a job”; mentoring

• Community support for entrepreneurs – from buy local to recognition to public policy

Page 5: Gathering 2011 Breakout Session - Entrepreneurship - Supporting Transformative Entrepreneurship Development - Deb Markley of RUPRI

Sustainability

• Entrepreneurship = economic development – allocate resources accordingly

• Measuring success - being able to make the value case for continued investment; being able to correct and change course as needed

• Homegrown development resources – encouraging give back, strategic endowment building, vehicles for building community wealth

• Shifting to an investment mentality – how can we invest in ways that build more wealth that can be re-invested …

Page 6: Gathering 2011 Breakout Session - Entrepreneurship - Supporting Transformative Entrepreneurship Development - Deb Markley of RUPRI

What’s it take for entrepreneurship to be transformative?

• Get serious about connecting entrepreneurs to demand– Providing information: Economic Gardening

model– Creating virtual clusters: KS Opportunity

Innovation Network– Connecting to value chains: ACENet, Rural

Action…

Page 7: Gathering 2011 Breakout Session - Entrepreneurship - Supporting Transformative Entrepreneurship Development - Deb Markley of RUPRI

What’s it take?

• Get better at helping entrepreneurs build businesses, not just start them– Peer support and coaching: Dakota Rising– Service provider coaching: Greenstone Group;

Entrepreneurial League System– Community E coaches: Kansas Farm Bureau

initiative

Page 8: Gathering 2011 Breakout Session - Entrepreneurship - Supporting Transformative Entrepreneurship Development - Deb Markley of RUPRI

What’s it take?

• Get serious about building the entrepreneurial culture– Collaboration for mutual benefit: Project Synergy

in Georgia; economic development in Ord Nebraska

– Leadership by anchor institutions: North Iowa Area Community College; youth and eship endowments in rural Nebraska community foundations

Page 9: Gathering 2011 Breakout Session - Entrepreneurship - Supporting Transformative Entrepreneurship Development - Deb Markley of RUPRI

Questions?

Page 10: Gathering 2011 Breakout Session - Entrepreneurship - Supporting Transformative Entrepreneurship Development - Deb Markley of RUPRI

Provocative Questions

• In terms of transformative entrepreneurship development in the region, what’s working well? What have you figured out or perfected?

• What could be working better? Where are you getting stuck?

• What role does your funding community play now?

• What role should you play?

Page 11: Gathering 2011 Breakout Session - Entrepreneurship - Supporting Transformative Entrepreneurship Development - Deb Markley of RUPRI

Going Forward

• What more do you need to learn to be effective partners and supporters?

• What additional capacity or discussions are needed?

• What resources can be tapped to continue the learning process?

• What’s the best way for this learning to happen?• What role can AFN or the AFN Eship Learning Group

play in furthering a learning and capacity building agenda?

Page 12: Gathering 2011 Breakout Session - Entrepreneurship - Supporting Transformative Entrepreneurship Development - Deb Markley of RUPRI

Contact Info

Deb Markley

[email protected]

www.energizingentrepreneurs.org