1. Entrepreneurial Ecosytem

2. Background/Resources
Startup Communities – Brad Feld 2012
2012
The Rainforest: The Secret to Building the Next Silicon Valley – Victor Hwang 2012
Entrepreneurial Ecosystems Around the Globe -World Economic Forum 2014
2014
Kauffman Foundation Report
2015
2017 The Innovation Blind Spot
Background/Resources

3. Ecosystem “Pillars” Accessible markets Human capital/workforce
Funding & finance
Support systems/mentors
Government & regulatory framework
Education & training
Major universities as catalysts
Cultural support
Ecosystem “Pillars”

4. Components of Ecosystem Pillars
Accessible Markets
Domestic market
Large companies as customers
Small/medium-sized companies as customers
Governments as customers
Foreign market
Small/medium companies as customers
Components of Ecosystem Pillars

5. Components (cont.) Human capital/workforce Management talent
Technical talent
Entrepreneurial company experience
Outsourcing availability
Access to immigrant workforce
Components (cont.)

6. Components (cont.) Funding & finance Friends and family
Angel investors
Private equity
Venture capital
Access to debt
Components (cont.)

7. Components (cont.) Support systems/mentors Mentors/advisors
Professional services
Incubators/accelerators/co-working
Network of entrepreneurial peers
Components (cont.)

8. Components (cont.) Government & regulatory framework
Ease of starting a business
Tax incentives
Business-friendly legislation/policies
Access to basic infrastructure
Access to telecommunications/broadband
Access to transport
Components (cont.)

9. Components (cont.) Education & training
Available workforce with pre-university
Academic
Technical
Available workforce with university education
Entrepreneur-specific training
Components (cont.)

10. Components (cont.) Major universities as catalysts
Promoting a culture of respect for entrepreneurship
Playing a key role in idea-formation for new companies
Playing a key role in providing graduates for new companies
Components (cont.)

11. Components (cont.) Cultural support Tolerance of risk and failure
Preference of self-employment
Success stories/role model
Research culture
Positive image of entrepreneurship
Celebration of innovation
Components (cont.)

12. Where does the Treasure Valley stand? 2016
Accessible markets (2.8 – 2,3,2,3,4,3)
Human capital/workforce (2.6 – 3,2,2,4,2)
Funding & finance (2.0 – 2,2,2,1,3)
Support systems/mentors (3.5 – 4,4,3,3)
Government & regulatory framework (2.5 – 4,2,2,2,3)
Education & training (2.4 – 2,2,2,2,4)
Major universities as catalyst (2.3 – 3,2,2)
Cultural support (3.2 – 3,3,2,4,4)

13. Rick Ritter New Ventures Lab rick@newventureslab.com 208.870.0674
Questions???
Rick Ritter New Ventures Lab

14. Agenda
Definition of Entrepreneurial Ecosystem
Treasure Valley’s Ecosystem
Places to Network/Connect
Questions and Answers

15. Places to Network/Connect
Organizations
Facilities
Meetups/User groups
Services