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Startup Stories and the New
Vermont Economy
PRESENTATION TO
THE BETTER MIDDLEBURY PARTNERSHIP
April 16, 2014
SPORTS AND REC
ENERGY AND ENV
MANUFACTURING
FOOD PRODUCTS
BIOSCIENCES
“Between the Tigris of I-91 and the Euphrates of Rt 7”
STARTUP COMMUNITIES
Places where the conditions are
favorable to the spread of ideas and
business formation.
* Brad Feld, Startup Communities: Building an Entrepreneurial Ecosystem in Your City
STARTUP COMMUNITIES
Led by entrepreneurs.
STARTUP COMMUNITIES
Led by entrepreneurs.
Long-term commitment.
STARTUP COMMUNITIES
Led by entrepreneurs.
Long-term commitment.
Philosophy of inclusiveness.
STARTUP COMMUNITIES
Led by entrepreneurs.
Long-term commitment.
Philosophy of inclusiveness.
Engage entrepreneurial stack.
VERMONT’S OPPORTUNITY
Montreal ~ Games & Visual Effects
New York ~ Film & New Media
Massachusetts ~ Biotech & Energy
New York ~ Nanotech & Optics
Community Colleges of Vermont
Vermont State Colleges
Economic Growth
Incentive
Procurement Technical
Assistance
Growth support
Startup nance and support
Idea generation and concept development
The ecosystem is the conversation...
HOW THE AGENCY OF COMMERCE
SUPPORTS THE STACK
OCE SPONSORSHIPS
18 events
11 towns statewide
$18,000 disbursed
$350,000 in expenditures
HOW THE AGENCY OF COMMERCE
SUPPORTS THE STACK
31 projects
21 communities
$2,000,000 in credits
$18,000,000 leveraged
DOWNTOWN TAX CREDITS
HOW THE AGENCY OF COMMERCE
SUPPORTS THE STACK
83 awards
37 companies
$387,000 approved
STEM INCENTIVE
HOW THE AGENCY OF COMMERCE
SUPPORTS THE STACK
519 contracts
83 companies
$73,822,954 in awards
PROCUREMENT TECHNICAL
ASSISTANCE
HOW THE AGENCY OF COMMERCE
SUPPORTS THE STACK
37 approved/active applications
$33,709,818 in incentives authorized
$546,615,638 capital investment
6,145 new jobs projected
VERMONT EMPLOYEE GROWTH
INCENTIVE
HOW THE AGENCY OF COMMERCE
SUPPORTS THE STACK
FEEDING THE STACK
• Young entrepreneurs orgs
• Office hours
• Tech meetups
• Coffee clubs
• Startup weekend
• Ignite, pitching
• Mentor marketplace
• Welcome mat, road map
• Beta days
• Startup digest
• New venture challenge
• Startup week
• Entrepreneurs foundation
• Accelerators
@VermontOCE
facebook.com/vermontoce
vermontoce.tumblr.com
instagram.com/vermontoce
youtube.com/vermontoce
Connect
Thank You!
Lars Hasselblad Torres
802-917-1788
lars.torres@state.vt.us

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Startup Stories and the New Vermont Economy