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Building From Strengths, Filling in Gaps
The Rhode Island Innovation and Entrepreneurship ecosystem
Innovation and Entrepreneurship Inventory




                          Ideas

               People              Money

                        Networks

               Places             Enablers
Innovation and Entrepreneurship Inventory

                 High Growth Starts




                          Ideas

               People              Money

                        Networks

               Places             Enablers
The Problem with Laundry Lists

Missing: Scale, Connectedness, Impact
Where do big ideas come from?
             Institutional/Govt. Research
   Ideas        NUWC ecosystem
                Lifespan/CNE

             University Research
               Brown, URI

             Young Entrepreneurs
               RISD, JWU, Bryant, PC, NEIT, RIC, CCRI

             Serial Entrepreneurs
               Homegrown & Quality of Life Immigrants

             BigCo R&D/Spinoff/Refugee
                APC

             Collisions
What Kind of People do we need?

   People




            160K High Wage Jobs
            10% Entrepreneurial = 16,000
            1% Founder Potential = 1,600
What Kind of People do we need?

   People
What Kind of People do we need?
              Idea People
   People
What Kind of People do we need?
              Idea People
   People       Researchers, Scientists, Designers, Developers
What Kind of People do we need?
              Idea People
   People       Researchers, Scientists, Designers, Developers
                Hundreds
What Kind of People do we need?
              Idea People
   People       Researchers, Scientists, Designers, Developers
                Hundreds

              Serial Entrepreneurs
What Kind of People do we need?
              Idea People
   People       Researchers, Scientists, Designers, Developers
                Hundreds

              Serial Entrepreneurs
                Hundreds
What Kind of People do we need?
              Idea People
   People       Researchers, Scientists, Designers, Developers
                Hundreds

              Serial Entrepreneurs
                Hundreds

              Entrepreneurial Support
What Kind of People do we need?
              Idea People
   People       Researchers, Scientists, Designers, Developers
                Hundreds

              Serial Entrepreneurs
                Hundreds

              Entrepreneurial Support
                Thousand
What Kind of People do we need?
              Idea People
   People       Researchers, Scientists, Designers, Developers
                Hundreds

              Serial Entrepreneurs
                Hundreds

              Entrepreneurial Support
                Thousand

              Youth Entrepreneurs
What Kind of People do we need?
              Idea People
   People       Researchers, Scientists, Designers, Developers
                Hundreds

              Serial Entrepreneurs
                Hundreds

              Entrepreneurial Support
                Thousand

              Youth Entrepreneurs
                Thousands every year
Where does the Money come from?
             Pre-seed / Seed
   Money       Federal Research
               STAC Grants ($1.5M)
               Betaspring ($250K planned)
               Cherrystone Angels
               Angel Health

             Early Stage
               Slater ($3M)
               Point Judith Capital
               SBA Loans

             Expansion Stage
               RI BDC
               EDC Loans
               Workforce Devt. Board
What Networks connect and energize?
What Networks connect and energize?
             IT and Digital Media        Design & Creative
  Networks     Providence Geeks            AIGA
               RI Nexus                    IDSA
               Open Coffee                 Young Professionals
               Slater Sushi                DxN
               TechCollective infogroup    Pecha Kucha
               Betaspring                  Concentric
               DC401
               NewB Camp                Universities & Colleges
               FreeGeek                    Brown Forum for Enterprise
               NerdsDay                    Brown EP
               NetTech 2.0                 Jogging with John

             Bioscience & Medical      Green and Alt Energy
               TechCollective biogroup    NESEA
               BioTuesday                 Green Drinks
               Slater Sushi
                        Business Innovation Factory
Place: Clusters happen
Place: Clusters happen
Where do these networks meet and converge?
             Slater (Richmond Square and Davol Square)
   Places
             RI CIE

             AS220 | FabLab

             Steelyard

             Business Innovation Factory

             Wild Colonial
Places of convergence are too spread out
Places of convergence are too spread out
Epicenter of Silicon Valley?
Epicenter of Silicon Valley?
Epicenter of Silicon Valley?
Epicenter of Silicon Valley?
Innovation and Entrepreneurship Inventory

               Public/Private Partnerships
  Enablers       STAC
                 RI Research Alliance
                 EPSCOR
                 Chamber of Commerce
                 SBDC

               Lawyers
               Accountants
               Marketers

               Ecosystem companies
                 Graphic and Web Design Firms
                 Contract Design and Manufacturing
                 Specialist Consultants
Innovation and Entrepreneurship Inventory

                High Growth Starts


                  Development

                        Ideas

             People              Money
                      Networks

               Places            Enablers
Providence: The funk advantage

        This?                Or This?
Providence: The funk advantage

        This?                Or This?
Providence: The funk advantage

        This?                Or This?
Providence: The funk advantage

        This?                Or This?

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Rhode Island Entrepreneurial Inventory

  • 1. Building From Strengths, Filling in Gaps The Rhode Island Innovation and Entrepreneurship ecosystem
  • 2. Innovation and Entrepreneurship Inventory Ideas People Money Networks Places Enablers
  • 3. Innovation and Entrepreneurship Inventory High Growth Starts Ideas People Money Networks Places Enablers
  • 4.
  • 5. The Problem with Laundry Lists Missing: Scale, Connectedness, Impact
  • 6. Where do big ideas come from? Institutional/Govt. Research Ideas NUWC ecosystem Lifespan/CNE University Research Brown, URI Young Entrepreneurs RISD, JWU, Bryant, PC, NEIT, RIC, CCRI Serial Entrepreneurs Homegrown & Quality of Life Immigrants BigCo R&D/Spinoff/Refugee APC Collisions
  • 7. What Kind of People do we need? People 160K High Wage Jobs 10% Entrepreneurial = 16,000 1% Founder Potential = 1,600
  • 8. What Kind of People do we need? People
  • 9. What Kind of People do we need? Idea People People
  • 10. What Kind of People do we need? Idea People People Researchers, Scientists, Designers, Developers
  • 11. What Kind of People do we need? Idea People People Researchers, Scientists, Designers, Developers Hundreds
  • 12. What Kind of People do we need? Idea People People Researchers, Scientists, Designers, Developers Hundreds Serial Entrepreneurs
  • 13. What Kind of People do we need? Idea People People Researchers, Scientists, Designers, Developers Hundreds Serial Entrepreneurs Hundreds
  • 14. What Kind of People do we need? Idea People People Researchers, Scientists, Designers, Developers Hundreds Serial Entrepreneurs Hundreds Entrepreneurial Support
  • 15. What Kind of People do we need? Idea People People Researchers, Scientists, Designers, Developers Hundreds Serial Entrepreneurs Hundreds Entrepreneurial Support Thousand
  • 16. What Kind of People do we need? Idea People People Researchers, Scientists, Designers, Developers Hundreds Serial Entrepreneurs Hundreds Entrepreneurial Support Thousand Youth Entrepreneurs
  • 17. What Kind of People do we need? Idea People People Researchers, Scientists, Designers, Developers Hundreds Serial Entrepreneurs Hundreds Entrepreneurial Support Thousand Youth Entrepreneurs Thousands every year
  • 18. Where does the Money come from? Pre-seed / Seed Money Federal Research STAC Grants ($1.5M) Betaspring ($250K planned) Cherrystone Angels Angel Health Early Stage Slater ($3M) Point Judith Capital SBA Loans Expansion Stage RI BDC EDC Loans Workforce Devt. Board
  • 19. What Networks connect and energize?
  • 20. What Networks connect and energize? IT and Digital Media Design & Creative Networks Providence Geeks AIGA RI Nexus IDSA Open Coffee Young Professionals Slater Sushi DxN TechCollective infogroup Pecha Kucha Betaspring Concentric DC401 NewB Camp Universities & Colleges FreeGeek Brown Forum for Enterprise NerdsDay Brown EP NetTech 2.0 Jogging with John Bioscience & Medical Green and Alt Energy TechCollective biogroup NESEA BioTuesday Green Drinks Slater Sushi Business Innovation Factory
  • 23. Where do these networks meet and converge? Slater (Richmond Square and Davol Square) Places RI CIE AS220 | FabLab Steelyard Business Innovation Factory Wild Colonial
  • 24. Places of convergence are too spread out
  • 25. Places of convergence are too spread out
  • 30. Innovation and Entrepreneurship Inventory Public/Private Partnerships Enablers STAC RI Research Alliance EPSCOR Chamber of Commerce SBDC Lawyers Accountants Marketers Ecosystem companies Graphic and Web Design Firms Contract Design and Manufacturing Specialist Consultants
  • 31. Innovation and Entrepreneurship Inventory High Growth Starts Development Ideas People Money Networks Places Enablers
  • 32. Providence: The funk advantage This? Or This?
  • 33. Providence: The funk advantage This? Or This?
  • 34. Providence: The funk advantage This? Or This?
  • 35. Providence: The funk advantage This? Or This?