portland urban innovation roundtable - strategic assembly plan - june 2012
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Urban Innovation Roundtable
Portland, Oregon
Challenge: How does the greater Portland region ensure economic contribution and competitiveness from all communities to strengthen the overall economy for everyone in the region?
Pipeline to Productivity
education
workforce
entrepreneurs capital
jobs
liquidity event
wealth
high-wage workers
investors
Challenge: How do we establish a more level field of opportunity, investment and outcomes that effectively address historically chronic economic disparities and help the small grow big?
Pipeline to Productivity
Goal: Increased productivity through inclusive economic competitiveness, resulting in greater job growth and wealth creation.
Education: How do we invest in the education pipeline to ensure a substantial increase in the flow of workers capable and qualified to contribute to a 21st century fast-paced, knowledge-based, tech-driven global innovation economy?
Pipeline to Productivity
STEM Education: How do we ensure no child is left behind in an increasingly tech-driven entrepreneurial landscape?
Pipeline to Productivity
Entrepreneurship: How do we inspire, prepare and equip high-growth entrepreneurs across the spectrum of economic disparities, resulting in growing companies that produce an increase in job growth in our region?
Pipeline to Productivity
Capital: How do we provide channels of access to risk capital and innovative funding options for startups, existing small businesses and growth-stage enterprises?
Pipeline to Productivity
Kauffman Foundation: Nearly all net new job growth in the U.S., since 1980, is due to companies five years old and younger.
Seeking Investment
Entrepreneur Resource Orgs Angel Groups Venture Capital Corporations Small Businesses Public School Districts Colleges / Universities Foundations Government agencies Financial Institutions Professional Associations Business Alliances Economic Development Orgs
CONNECTED Community Orgs
Social / Civic Orgs Public Schools
Churches
DISCONNECTED
Pipeline to Productivity
BRIDGE: How do we connect the economically disconnected to the regional innovation ecosystem, from the pipeline of STEM education to the productivity of high-growth entrepreneurship?
How do we ensure equity investments in our communities to reap a greater economic output contribution that strengthens the regional economy?
Seeking Investment
CONNECTED Community Orgs
Social / Civic Orgs Public Schools
Churches
DISCONNECTED
Pipeline to Productivity
OUTCOMES: How do we create measurable outcomes in all regional communities across the three core foundations of the innovation economy?
• STEM Education & Workforce Development
• Entrepreneurship (Focus on High-Growth)
• Access to Capital & Capital Formation
INNOVATION ECONOMY
JOB GROWTH * WEALTH CREATION
Entrepreneur Resource Orgs Angel Groups Venture Capital Corporations Small Businesses Public School Districts Colleges / Universities Foundations Government agencies Financial Institutions Professional Associations Business Alliances Economic Development Orgs
Seeking Investment
CONNECTED Community Orgs
Social / Civic Orgs Public Schools
Churches
DISCONNECTED
Urban Innovation Roundtable
IDEA: Establish an Inclusive Decision-Making Leadership Body. Unite leaders from within the connected economic infrastructure with leadership in economically disconnected communities around a neutral roundtable of equality. Goal: Work together to develop multi-generational culturally competent inclusive economic strategies, milestones and outcomes that strengthen the region’s economy for the benefit of all residents.
Entrepreneur Resource Orgs Angel Groups Venture Capital Corporations Small Businesses Public School Districts Colleges / Universities Foundations Government agencies Financial Institutions Professional Associations Business Alliances Economic Development Orgs
Seeking Investment
CONNECTED Community Orgs
Social / Civic Orgs Public Schools
Churches
DISCONNECTED
Urban Innovation Roundtable
Increased STEM educated communities
Increased High-Growth Entrepreneurship
More Successful Companies and Jobs
measurable outcomes
Stronger Regional Economy
Increased tech-qualified workforce
Entrepreneur Resource Orgs Angel Groups Venture Capital Corporations Small Businesses Public School Districts Colleges / Universities Foundations Government agencies Financial Institutions Professional Associations Business Alliances Economic Development Orgs
Urban Innovation Roundtable
Connecting the disconnected to an inclusive economic ecosystem from pipeline to productivity
How do we get started?
Urban Innovation Roundtable
The America21 Project connects with stakeholders in the region, identifies a lead organization with which to partner, assembles the UIR and manages the initial process through the kickoff conference.
The UIR consists of two primary parts: Governing Board: Approves budget and provides resources necessary to implement and sustain the strategies developed by the working groups to ensure multi-generational outcomes and the overall success of the UIR. 3 Working Groups: Representing the 3 core foundations of the Innovation Economy, these Working Groups are comprised of collaborative leadership working together to develop strategies, milestones and outcomes that connect economically disconnected sectors to the regional innovation ecosystem.
STEM Education • Entrepreneurship • Access to Capital
Portland Urban Innovation Roundtable
Connecting the disconnected to an inclusive economic ecosystem from pipeline to productivity
UIR Working Groups
STEM Education & Workforce Development
Filling the Pipeline
High Growth Entrepreneurship
Mining Opportunity Reducing Fail / Risk
Access to Capital & Capital Formation
Providing Resources Relationships / Networks
Disconnected Communities African American
Hispanic Other
Regional Data / Analytics Asset Mapping
Urban Innovation Roundtable
The America21 Project connects with stakeholders in the region, identifies a lead organization with which to partner, assembles the UIR and manages the initial process through the kickoff conference:
National Urban Innovation Conference and STEM Expo (Q1 2013)
Assembly Process:
• Identify lead organization; establish seed funding to cover assembly process • Identify and engage regional stakeholders; establish commitment to process • Establish and convene Governing Board • Establish and convene Working Groups • Provide UIR with Asset Mapping Report and Framework for Outcomes • Transition UIR to permanent structure established by stakeholders • America21 begins work of producing National Urban Innovation Conference
Urban Innovation Roundtable
STEM Working Group:
Identifies Best Practices nationwide and extends invitation to participate in 2013 STEM Expo.
Establishes measurable goals for improved educational achievement and implementation of select STEM programs in participating schools.
Entrepreneur Working Group:
Establishes resource-rich programs to promote entrepreneurship, networking, education, mentoring and bridging disconnected sectors to the innovation ecosystem.
Establishes measurable goals for producing funded startups and expansion of existing businesses.*
Capital Working Group:
Identifies and structures local capital resources to support the outcomes of the Entrepreneur Working Group.
Establishes an Urban Angels Group with an Urban Innovation Fund. Recruits and educates high net worth individuals to growth the Urban Angels group.*
*Example Goal: 3 funded startups and 2 expanded local businesses in Y1. Successful model will reap exponential results in subsequent years.
Working Groups Assembly Structure: Example 1
Urban Innovation Roundtable
INNOVATION NATION CHALLENGE:
America21 develops online national Startup Contest. Entries are vetted by the UIR Working Groups.
10 startups are chosen to come to Portland and work in a co-working facility (branded accelerator) with access to resources offered by the UIR for a specified time to launch or leave.
ACCELERATING INNOVATION:
UIR Working Groups choose 5 additional in-state startups to join the UIR accelerator.
Working Group members offer mentoring and wraparound resources to ensure the best possible opportunity for all of the companies to succeed.
Company founders (teams of 2-5 max) launch within six months or must leave the accelerator. Successful companies can extend up to an additional six months.
INNOVATION ECOSYSTEM:
UIR provides funding for the operation of the accelerator and an Urban Innovation Fund to invest in companies that pass the due diligence phase.
Companies agree to remain in the region and hire local talent and collaborate with local businesses in their supply chain as much as is reasonable.
Working Groups Assembly Structure: Example 2
INNOVATIONNATION CHALLENGE
Urban Innovation Roundtable
National Urban Innovation Conference & STEM Education Expo
Portland will be the epicenter for Inclusive Competitiveness Strategies, attracting best practices leaders from around the nation. The White House will participate in support of its Urban Entrepreneurship Summit that has traveled the nation.
Official conference will kickoff the UIR with a nationwide spotlight
Urban Innovation Roundtable Portland, Oregon
Empowering economically disconnected urban sectors with innovative infrastructures to expand and strengthen the regional economic ecosystem.
THE UIR ASSEMBLY PROCESS 5 Phases
Portland Urban Innovation Roundtable
Connecting the disconnected to an inclusive economic ecosystem from pipeline to productivity
PHASE 1 SPONSOR • FUNDING • IN-KIND
Month 1-2
Secure office space & other resources
Secure seed funding
Establish partnerships for mapping / board development / fundraising
Secure commitments from leaders in established and disconnected sectors
Commit
Benefits: Develop New Economic Framework Establish New Collaborations Support Historic Effort Seat on Governing Board
Portland Urban Innovation Roundtable
Connecting the disconnected to an inclusive economic ecosystem from pipeline to productivity
PHASE 2 IDENTIFY • ENGAGE • INFORM
Month 2-4
Establish Advisory Groups from Disconnected Communities
Identify and Connect Disconnected Community Programs
Partner with Government & Regional Economic Agencies
Build Relationships with Local Educational Institutions
Identify and Connect with Existing Synergistic Initiatives
Engage
Benefits: Positive Community Relations Positive Media Relations Expand Reach / Branding
Portland Urban Innovation Roundtable
Connecting the disconnected to an inclusive economic ecosystem from pipeline to productivity
ASSET IDENTIFICATION • MAPPING REPORT Month 3-5
Identify Partner Organizations / Groups / Universities
Identify Specific Causes of Disparities
Develop Regional List of Categorized Assets
Develop Database
Publish Phase 1 Report for UIR
PHASE 3 Assess
Benefits: Positive Community Relations Empower Advisory Groups Establish Knowledge Base
Portland Urban Innovation Roundtable
Connecting the disconnected to an inclusive economic ecosystem from pipeline to productivity
GOVERNING BOARD • WORKING GROUPS • FUNDRAISING Month 3-5
Establish Governing Board from Connected & Disconnected Communities
Develop Shared Vision and Plan for Sustainable Growth
Engage STEM Oriented Working Group with Existing Groups
Establish Entrepreneurship Working Group to Onboard Disconnected
Form Work Group to Extend Angel/Capital Networks and Build Relationships
PHASE 4
Benefits: Positive Community Relations Create Alliance / Partnerships Historic Impact Strengthen Regional Economy Convene
Portland Urban Innovation Roundtable
Connecting the disconnected to an inclusive economic ecosystem from pipeline to productivity
LAUNCH UIR Month 4-6
Collaborative Urban Innovation Roundtable Launched
Shared Vision Execution Begins / Launch website & monthly newsletter
Establishes Portland as First Mover with Bragging Rights
Launch Production of Major Event with Regional / National Media Exposure
PHASE 5
Benefits: Positive Community Relations Create Alliance / Partnerships Historic Economic Impact Increase innovation infrastructure Strengthen Regional Economy Express
Portland Urban Innovation Program
Connecting the disconnected to an inclusive economic ecosystem from pipeline to productivity
DELIVERABLES 6-8 MONTHS
Baseline Asset Map of Target Regions
Advisory Group From Each Target Disconnected Community
Governing Board, Portland Urban Innovation Roundtable
Three Working Groups, Portland UIR
Communications Platform (website/newsletter/mobile/PR)
National Urban Innovation Conference Plan
Connecting the disconnected to an inclusive economic ecosystem from pipeline to productivity
Portland Urban Innovation Roundtable
Contact: Mike Green, Co-founder America21 [email protected] (541) 730-2164
Contact: Dwayne Johnson, Partner, America21
[email protected] (971) 217-7396
Urban Innovation Roundtable
Portland, Oregon