• 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