tools for the new rural entrepreneurship
DESCRIPTION
Vermont has long been a cradle of innovation. In a period of continued global transition, we need new tools to discover and respond to opportunity. Here are three ideas.TRANSCRIPT
Entrepreneurial Tools for a NewRural Economy
PRESENTATION TOPARTNERS FOR RURAL AMERICA
June 2, 2014
Background
Context
Tools
Background
“Between the Tigris of I-91 and the Euphrates of Rt 7”
Context
Community Colleges of Vermont
Vermont State Colleges
HighestNumber of Colleges, UniversitiesPer Capita
MontrealGames & Visual Effects
New YorkFilm & New Media
MassachusettsBiotech & Energy
New YorkNanotech & Optics
Surroundedby strong innovationmarkets
Albany ~ 1M
Montreal ~ 2.5M
Boston ~ 4.5M
New York City ~19M
Market of 80M within aOne Day Drive
Economic GrowthIncentive
Procurement TechnicalAssistance
Growth support
Startup finance and support
Idea generation and concept development
The ecosystem is the conversation...
Tools
Coworking
Competitions
Crowdfunding
Coworking is an answer to the question,How can we help entrepreneurs and creatives connect, grow their ventures, and foster startup communities?
Creative density
Foster collaboration
Break isolation
Lower entry costs
Benefits are
3-5 coming online in the next 6-12 months
Crowdfunding facilitates the flow of risk-tolerant financing toward startup ideas and creative projects.
Idea marketplaces
Benefits are
Lower transaction costs
Build markets
Lower individual risk
Benefits are
Award innovations for past achievement, stimulate new thinking, or stimulate and test new solutions to problems, generating new products and companies.
Competitive stimulation
Expose new actors
Strengthen networks
Benefits are
Reward achievement
Activate partners
Thank You!Lars Hasselblad Torres
@VermontOCE