2. Massachusetts: #1 in talent
#1 producer of college graduates
• 30% more per capita than the next
closest state in the U.S.
• #1 among leading nations
Boston area alone:
50+ colleges and universities with
225,000+ students
Yoon Lee
Entrepreneurial Impact: The Role of MIT, E. Roberts, C. Eesley, MIT Sloan and the Kauffman Institutte, February 2009. Map: http://goo.gl/FmWlo
3. Highlights of the Massachusetts Innovation Economy1
• Leading research universities, academic health centers, research institutes, and
other non-profits in Massachusetts attract more than $3.3 billion annually to
support research in advancing the frontiers of knowledge.
• Companies in Massachusetts perform more than $13.3 billion in corporate and
federally-sponsored research, creating a climate for innovation that is among the
most R&D intensive ($ R&D/$ GDP) in the world. (Measured as the ratio of R&D
investment / gross state product)
• Massachusetts academic institutions grant 40% more engineering degrees per
capita than the closest competing Leading Technology State.
• Massachusetts students ranked 2nd globally in international TIMSS exam for fourth
grade science, 4th globally in fourth grade mathematics.
• Massachusetts has the highest level of venture capital investment per high
technology establishment in the country – four times the US average and more
than 35% higher than California, its closest competitor.
1 Massachusetts Technology Collaborative John Adams Innovation Institute
Yoon Lee
4.
5. Boston is #1 in venture capital in the US
Source: NVCA 2009 Yearbook. Graphic taken from "Boston Startup Scene" presentation by Jeffrey Bussgang, Flybridge Capital Partners. http://www.slideshare.
net/bussgang/boston-startup-scene-picture-presentation-212
6. Massachusetts: a global hub of innovation, capital, and talent
• In 2007, $25.4 billion was spent on R&D in • 1st in the world in academic articles
Massachusetts published per capita (2007)
• 1st in science and technology capabilities in • 3rd in the world in patents published per
the United States (2010, The Milken billion dollars of GDP under the Patent
Institute) Cooperation Treaty (2009, WIPO)
• 1st in innovation capacity in the US (2010, • Kendall Square, in Cambridge, has the
The Kauffman Foundation for highest concentration of venture-backed
Entrepreneurship and Information biotech and IT firms in the world
Technology & Innovation Foundation)
• 1st among states in education level of the
workforce
• 1st among states in industry-performed R%D
as a percent of industry output (2007)
• 1st among states in venture capital
investment per capita, 34% higher than
California (2010)
• 1st among states in technology licenses and
options executed by universities, hospitals
and nonprofit research institutes
http://www.massitsallhere.com/sites/default/files/MA_Innovation_Revolution_PDF.pdf
7. Greater Boston
= 4.6 million residents
= 1.2 million metropolitan
10th largest city in America
Home of
Best universities: Harvard, MIT, Babson,
World-class biotech, high tech, cleantech companies
Highest VC investment per capita in the world
Highest density of innovation per capita (# patents, startups): Kendall Square
Biggest coworking space in the world: Cambridge Innovation Center
Budding video games industry, consumer web companies, robotics, etc.
Highly educated workforce
Diverse and active entrepreneur ecosystem
One problem…
The world still needs to know that.
8. BOSTON WORLD PARTNERSHIPS:
Network-Powered Growth Engine
We are a Community of Ambassadors
Boston World Partnerships (BWP) is an
international network of experts and
influencers help businesses to
launch
relocate
grow
in Greater Boston
We are Leaders.
Mayor Thomas M. Menino
Founder & Chairman of the Board
Mark Maloney
President of the Board
Former Chief Economic Development Officer of Boston
Frank Britt
Vice-Chairman of the Board
Executive-in-Resident, Bain Capital Ventures
Yoon Lee
Executive Director
Chris Mayer
Special Advisor
Publisher, The Boston Globe 8
9. BOSTON WORLD PARTNERSHIPS:
Network-Powered Growth Engine
We are leaders.
Mayor Thomas M. Menino
Founder & Chairman of the Board
Mark Maloney
President of the Board
Former Chief Economic Development Officer of Boston
Frank Britt
CEO, Penn Foster
Advisory Partner, Bain Capital Ventures
John McArthur
Former Dean
Harvard Business School
Chris Mayer
Special Advisor
Publisher, The Boston Globe
*A select number of BWP board members to demonstrate its caliber.
Yoon Lee, Executive Director I yoon@bostonworldpartnerships.com I o 617-929-8627 I m 781-367-2403
10. BOSTON WORLD PARTNERSHIPS:
Network-Powered Growth Engine
We are Connectors.
BWP Connectors are a unique and resourceful
global network of committed professionals
who represent the diverse business community
of Greater Boston: banking, biotech,
healthcare, high tech, venture capital
investment, startup, consumer products, legal
services, design, IT, academia, and arts.
They are
-subject matter expects
-diverse
-international
-connected
-involved
Yoon Lee, Executive Director I yoon@bostonworldpartnerships.com I o 617-929-8627 I m 781-367-2403
11. CONNECTORS ARE…
Leaders in Greater Boston
• 68% of Connectors are CXO level or higher in their organizations
• 20% of all Connectors are either President or Founders/Co-founders of their organization
Diverse
• 28% are professionals are people of color
• 41% of Connectors are women.
International
• Representing the most active international agencies, consulates, and business associations –
e.g. swissnex, French Consulate, British Consulate, Boston Irish Business Association, Office
of the Vice-Prime Minister of Belgium, to name a few
• Traveling abroad often to conduct business, expanding networks in France, Germany, India,
Argentina, Brazil and other countries
Connected
• 98% of Connectors have LinkedIn accounts, almost 60% of which have over 500 connections
• 75% of Connectors have Twitter with an average of 1100 followers
Involved
• 100% of Connectors are in at least 1 more organization, 82% are in 2 more, and 15% in 5 or
more organizations.
• Over half of Connectors are leaders in non-profit or volunteer organizations
Yoon Lee, Executive Director I yoon@bostonworldpartnerships.com I o 617-929-8627 I m 781-367-2403
12. WHAT WE DO
Market Boston + Make Connections
= Generate Economic Growth
INFORM CONNECT
We inform the world about Boston’s We make targeted, timely,
innovative assets by social media efficient business connections and
campaigns, offline events, strategic help businesses find resources,
partners and premier media ideas, and talent.
partnership.
BOSTON =
innovation + talent
Yoon Lee, Executive Director I yoon@bostonworldpartnerships.com I o 617-929-8627 I m 781-367-2403
13. WHAT IS BWP’S UNIQUE VALUE PROPOSITION?
PARTNERSHIPS + ACCESS
GOVERNMENT BUSINESS
BOSTON =
innovation + talent
MEDIA ACADEMIA
* The logos represent a select number of partners in BWP community as examples.
14. Who does BWP serve?
New entrants
businesses and professionals looking to expand to and learn more about Boston
Mid to large corporations
who want to access and invest in Boston’s innovative capacity – its startup community,
intellectual capital, emerging technologies
Entrepreneurs
international & local - exploring resources from a diverse network to launch their business
Government & economic development agencies
seeking to create bilateral relationships with Boston and Massachusetts
Local businesses
small to big, who are looking for current news about Boston, business opportunities,
government connection, and access to talented minds
Local professionals
who offer their professional skills to enhance the city and community they love
15. CASE STUDIES:
Support the ecosystem – Connect the Dots
• 5 years of free lease
• Thousands of applicants
• Innovation District, MassChallenge, Boston
on global map
• Build critical mass
17. CASE STUDIES:
Business Connections: Startups & Entrepreneurs
- Patrick Chun helped me find my CTO for Nyopoly.
- via the last BWP Mixer, I may have secured two new merchants to use the
Nyopoly platform.
- Dave Mclaughlin connected me with a VC.
18. Lessons Learned
• Human connections and business insights: key to building and
growing a business
• Online / Offline interactions MATTER
• Build a culture of mutual helpfulness and leading w/ offer
than need
• Coordinate, amplify, educate
• Very difficult to measure success, so create something
tangible to track traffic / interactions
19. BWP PROGRAMS
Global Business Hub on Boston.com
BWP Connectors and guest bloggers contribute on Global Business Hub blog on
Boston Globe’s Boston.com business section, making it one of the highest viewed
blog on the site. Global Business Hub covers a wide range of topics: Boston’s
innovation story, Business tips, Industry trends, event coverage, global perspective
on Boston.
Captains of Innovation
A joint program with Venture Café Foundation of Cambridge Innovation Center,
Captains of Innovation creates partnership and growth opportunities between
multinational corporations and high-potential startups in Greater Boston. We serve
as a trusted and knowledgeable local partner to navigate the diverse and dynamic
startup community in Boston.
Outer Spaces
Outer Spaces matches unused office space in Greater Boston with startups and small
businesses. It is an innovative program designed to provide entrepreneurs with a
professional working environment and host companies with an efficient cost-cutting
measure.
Yoon Lee, Executive Director I yoon@bostonworldpartnerships.com I o 617-929-8627 I m 781-367-2403
20. What Boston leaders are saying about BWP
“Boston World Partnerships’ model is game-changing. We need to grow it, so that we
can increase the benefits it creates for Boston’s economy.”
Mayor Thomas M. Menino, City of Boston
“Boston World Partnerships is the catalyst that connects ideas with execution.”
Ronald E. Logue, Chairman of the Board, State Street Corporation
“Boston World Partnerships gives me a front-row seat on innovation,
entrepreneurship, and job creation for all of Boston’s citizens.”
Linda Whitlock, Principal, The Whitlock Group
“BWP is Boston at its innovative best!”
Panos Panay, Founder & CEO, Sonicbids
20
