Presentation is loading. Please wait.

Presentation is loading. Please wait.

Growing Oklahoma’s Entrepreneurial Economy Tom Walker CEO & President Innovation Economy Making Place Matter June 14, 2011.

Similar presentations


Presentation on theme: "Growing Oklahoma’s Entrepreneurial Economy Tom Walker CEO & President Innovation Economy Making Place Matter June 14, 2011."— Presentation transcript:

1 Growing Oklahoma’s Entrepreneurial Economy Tom Walker CEO & President Innovation Economy Making Place Matter June 14, 2011

2 First in Tech Job Growth #2 for Small Business Vitality "Ranking 4th Best City to Get a Job February 1, 2011 April 11, 2011 January 6, 2011 December 7, 2010 Fifth on Forbes: “America's Best Job Markets” Kauffman Index of Entrepreneurial Activity- Oklahoma the most active for entrepreneurial activity

3 Mission Nurturing entrepreneurs… building high growth companies in Oklahoma

4 i2E Impact Since 2000

5 Best Practices 2010 Excellence in Technology-based Economic Development Increasing Access to Capital 2010 Standards for Excellence second Oklahoma non-profit organization 2009 Best Practices Award Tech-based Economic Development for comprehensive commercialization services 2008 Entrepreneurship Summit recognized as a principal source of high value-added human & intellectual capital 2011 Recognized as a leader in the Venture Development Market

6 …providing resources at critical stages

7 …a catalyst for growth by providing Venture expertise. Entrepreneurs Business Planning Investment Services Product Assessments Coaching CFO-In Residence Sales Executive-in- Residence

8 i2E Portfolio Oklahoma is primed for start-ups

9 Growth in Manageme nt Talent Governor’ s Cup Fellows Entrepreneur in Residence Office of Entrepreneu r Developmen t …increasing the capacity of start-ups through Entrepreneurial Development.

10 Entrepreneur in Residence (EinR ) Provide access to seasoned entrepreneurs and investors Build bridges with other entrepreneurial regions Lead EinR- Bill Payne

11 Staged Approach …growing companies and investment resources through targeted Access to Capital initiatives. Proof-of-Concept 110 Companies; 55% Survival Rate 38% Financed by Paybacks $9.5MM Leveraged $250MM in Private Investment Seed Fund $17MM 7 Companies14 Rounds $4MM Leveraged $18MM in Private Investment SeedStep Angels 20 in OKC 7 in Tulsa 4 Deals Targets group in 400 mile driving radius

12 SBIR/STTR Services Supports Manufacturers Increase quality and number of SBIR Awardees Improve the success of Phase I to Phase II Reinforce commercialization strategy Serve 10 new companies Create 4 collaborations

13 Fulltime Management Deal Flow Infrastructure OKC and Tulsa Chapters Routine Deal Meetings 4 deals closed 3 in Due Diligence i2E Investor Initiatives Power of Angel Investing EinR Angel Networking VentureSource Research Investor Competition Catalyst for Organized Capital

14 i2E Portfolio attracts Regional Investment $665MM Follow on Funding 55% Concept Fund Investments still in business since 1998 10 companies raised more than $.5MM in follow on investment in 2010 $425MM of Private Capital in more than 345 financing rounds

15 Office of Entrepreneur Development Promote high growth entrepreneurship in region Enhance entrepreneurial networks and programs -Angel/Entrepreneur Networking Events -Entrepreneur Training Events Impact availability of risk capital -SBIR Program -Investor Competition

16

17 Media and Publications

18 Partners

19


Download ppt "Growing Oklahoma’s Entrepreneurial Economy Tom Walker CEO & President Innovation Economy Making Place Matter June 14, 2011."

Similar presentations


Ads by Google