The America21 Project (http://blackinnovation.org) is the nation's only national authoritative voice dedicated to Inclusive Competitiveness through the building of urban innovation ecosystems that connect economically disconnected sectors with existing regional innovation clusters to strengthen the overall economy.
America21 is a valuable resource for economic regions, education institutions, communities, conferences, summits, business and political leaders seeking to invest and uplift economically disconnected sectors across America to connect with the 21st century innovation economy and strengthen America's global competitiveness.
6. WHAT IS AN INNOVATION ECOSYSTEM?
PIPELINE: STEM education (science, technology,
engineering and math) is the common ground cultivated to
produce America’s innovative high-growth entrepreneurs.
ENTREPRENEURSHIP: Cultivating a culture of
entrepreneurship requires wraparound resources, education,
networking events, workshops, mentoring and pitch sessions.
HIGH-GROWTH entrepreneurship has produced nearly ALL
net new jobs in America, since 1980.*
ACCESS TO CAPITAL: A culture of risk capital
(angel investors and venture capital) is required to fuel
“Silicon Valley would still be smart engineers sitting
startup and early stage growth companies that create
jobs and exponential economic impact. garages without a culture of risk capital.”
in their
Source: Kauffman Foundation Steve Blank, Professor of Entrepreneurship
Stanford University
8. America’s Innovation Economy
$30B $9B
2011: Amount venture 2011: Amount angels
capitalists invested in invested in early stage
3051 companies (not companies in the first
including angel half (Q1/Q2) of 2011.
investors).* $3.5B targeted startup
companies.*
Source: CBInsights & Center for Venture Research, University of New Hampshire
9. America’s Innovation Economy
$30B $9B
2011: Amount venture capitalists 2011: Amount angels invested in
invested in 3051 companies (not early stage companies in the first
including angel investors).* half (Q1 / Q2) of 2011. $3.5B
targeted startup companies.*
The yield rate for Minorities represent just 5% of
investments in minority the angel investment space.
entrepreneurs is 17%, Minority entrepreneurs pitching
which is higher than overall to angels in 2011 = 11%.
market yield rates.*
Source: CBInsights & Center for Venture Research, University of New Hampshire
14. Building Inclusive Competitiveness
in Urban America
from Pipeline to Productivity
Urban Innovation21
TEAM
Carlow University
PIPELINE: Community College of Allegheny County
Duquesne University
Institute for Transfusion Medicine
Point Park University
ENTREPRENEURSHIP: Idea Foundry
Innovation Works
ACCESS TO CAPITAL: Idea Foundry
Innovation Works
PNC Bank
Hill House Economic Development Corporation
Heinz Endowment
Urban Redevelopment Authority of Pittsburgh
15. Building Inclusive Competitiveness
in Urban America
Vision from Pipeline to Productivity
Strategies
COACH Outcomes Urban Innovation21
TEAM
Carlow University
PIPELINE: Community College of Allegheny County
Duquesne University
Institute for Transfusion Medicine
Point Park University
ENTREPRENEURSHIP: Idea Foundry
Innovation Works
ACCESS TO CAPITAL: Idea Foundry
Innovation Works
PNC Bank
Hill House Economic Development Corporation
Heinz Endowment
Urban Redevelopment Authority of Pittsburgh
16. VISION
What if HOMEWOOD were
Ground Zero for the best and
brightest minds in Urban
Innovation to assemble and
lend their expertise and best
practices to generating
strategies for economic
revitalization of HOMEWOOD?
17. Partnership
VISION Summit
What if HOMEWOOD were
Ground Zero for the best and
brightest minds in Urban
Innovation to assemble and
Urban Innovation21 Economic Summit
lend their expertise and best Leaders
Pipeline: Entrepreneurial Education
Entrepreneurship: High-Growth Resources
practices to generating
Capital: Angels, Foundations, VCs, Banks
strategies for economic
revitalization of HOMEWOOD?
Changing the narrative
19. STRATEGY
What if HOMEWOOD developed its
own urban innovation ecosystem?
Generating channels of creative activity
can help disrupt the current paradigm and
HOMEWOOD refocus the attention on problem-solving
Idea Machine through entrepreneurship.
HOMEWOOD Online platform empowers anyone with
an idea to plug it into the Idea Machine
Urban and receive feedback on viable resources
Innovators to advance the idea.
HOMEWOOD Urban Innovators and Angels groups help
develop the framework for an internal
Urban Angels urban innovation ecosystem.
24. QUESTIONS
Oakland, CA
Example:
Urban Fire is a 2-part program that teaches the
principles of entrepreneurship to inner city
residents in Oakland, Calif. and then provides
resources to assist them in launching their business.