SlideShare une entreprise Scribd logo
1  sur  13
Télécharger pour lire hors ligne
BUILDING AN
ENTREPRENEURIAL ECOSYSTEM
THE NASHVILLE STORY
10.28.16
Dr. Michael Burcham
michael@michaelburcham.com
www.michaelburcham.com
615.400.7662
ABOUT | NASHVILLE
2016
Fast Company | Top 3 Cities in America for Startups
Inc | 10 Best Paces to Start a Business
Entrepreneur Magazine | Hottest Startup City
Forbes | Best Places for Business & Careers
Glassdoor.com | Top 25 City for Jobs
Organize | Create the “Front Door”
BUILDING NASHVILLE’S ENTREPRENEURIAL ECOSYSTEM
We have established the Nashville Entrepreneur Center as the city’s “Front Door” for
Startup and Entrepreneurial Activity:
- We have launched just over 100 new businesses in 48 months
- They employ over 1,200 people and provide nearly $100M USD in economic impact
We have focused our entrepreneurial efforts around the categories that
represent both our large businesses and our investment community
FOCUS | LEVERAGING NASHVILLE’S CORE ASSETS
OUR GOAL: To help early stage
entrepreneurs develop their businesses.
• Ideas are Cheap | The Best Ones are Worth About $20. Don’t
obsess over the idea.
• Most Entrepreneurial Leaders Were Not the “Idea” Person on the
Team. They are the ones who Do something with ideas.
• Having an Entrepreneurial Mindset is a Learned Behavior - and the
more you practice it, the better you get.
• The Business Model Matters a Lot!
• Execution Matters Even More
• Money Follows GREAT Execution
• The Glue within the Ecosystem is more important than the Entities
MY BIAS
THINGS WE’VE LEARNED | INSIGHTS
THE DYSFUNCTION
THESE FUNCTIONS NEED TO BE CONNECT TO A PURPOSE
Mentoring Government
Support
Think of the Entrepreneurial Ecosystem as providing fertile soil and a
climate in which to seed, nurture and grow new businesses.
The enablers…
• Venture Creators
• Mentors & Advisors
• University Partnerships and Programs
• Support Organizations (Legal, Accounting, Technology)
• Labor Markets
• Investors
• Government
• Large Businesses
These are all more effective when they are networked to encourage
intellectual, financial and human capital to flow to enterprises at every
phase of the startup journey.
Ecosystem Assessment | Key
Ingredients for Success
ECOSYSTEM
ASSESSMENT
1.
Economic & Community Development | Planning
via Entrepreneurial Goals
ECD STRATEGY
2.
Partners, Businesses, Investors, Universities
& Government | Engagement in the Plan
STAKEHOLDER
ENGAGEMENT
3.
Set Phased Priorities | Should Be Based
Upon Findings and Funding of 1, 2 and 3
PRIORITY
PLANNING
4.
Do The Right Things | Do Things
Right | Execute
LAUNCH AND
EXECUTION
5.
Mentoring, Training, Capital
Continuum | Founder to CEO
BEST-IN-CLASS
PROGRAMMING
6.
Celebrate | Build on
What Works
BUILD ON
SUCCESS
7.
ECOSYSTEM DEVELOPMENT | STEPS
FOMO
Fear of Missing Out
Y
U
A
M
C
G
ECOSYSTEM DEVELOPMENT | ROLES IN SYSTEM
• Become 1st Customers of Startups
• Coach in Entrepreneurial Mindset
• Outsourced R&D Concepts
• Skunkworks & Private Accelerators
• Creation of New Businesses
• Growth of Existing Businesses
• Support New Entrepreneurs
• Design of New Business Models
• Encourage Creativity
• Development of the Future Workforce
• Create an Entrepreneurial Mindset
• Teach Coding
Youth Engagement | Basic Tools, Coding
Workshops, Creative Problem Solving
Programming | Immersion & Experiential
Learning, Live Case Study, Business Tools
Accelerators | Screening Methods, Mentoring,
Biz Modeling, Idea to Launch
Mentoring & Coaching | CEO Development,
Business Modeling, Growth Tools
Corporations | Entrepreneurial Mindset
Training, Innovation, Skunkworks, Partnerships
Government | Business Friendly Environment,
Support, Cultural Mindset
Align Your Vision for
Success
Ensure the definitions of success
match. Choose core measures.
Secure Business &
Stakeholder Support
Identify who is committed to help
create success.
Connect to Capital - Build
Funding Pipeline
Connect to Sources of Capital in the
Public and Private Sector.
Leverage Resources to
Drive Opportunities
Leverage resources to help create
wins with investable stories.
Organize Your Community
“Front Door”
Build partnerships: Entrepreneurs,
Mentors, Investors, Biz Partners
1 2 3
4 5
STEPS IN BUILDING A SUSTAINABLE
ENTREPRENEURIAL ECOSYSTEM
OUR LESSONS LEARNED
WHAT HAS HELPED CREATE OUR SUCCESS?
Businesses
Must Be
Engaged
It’s not about the
building – it’s
business helping
startups build
their team, test
business models,
capture market &
raise capital
Seed & Angel
Capital is
Required
Early stage capital
is essential to
create prototypes
and build out
technologies. The
best startups go
to the sources of
capital.
Execution, Not
Ideas Create
Value
Ideas are nice,
but there’s no
market for them.
Transforming an
idea into a
business requires
execution skill.
1. 2. 3.
The Ecosystem
Matters – a
LOT
The combination
of the creative
talent, seasoned
entrepreneurs,
business support,
programmers &
investors – they’re
all essential.
4.
CONTACT INFORMATION
Dr. Michael R. Burcham
c. 615.400.7662
e. michael@michaelburcham.com
w. www.michaelburcham.com
t. www.twitter.com/michaelrburcham
l. www.linkedin.com/in/michaelburcham
13

Contenu connexe

Tendances

1 introduction to entrepreneurship
1 introduction to entrepreneurship1 introduction to entrepreneurship
1 introduction to entrepreneurshipAlexey Efimov
 
INTHEBLACK Young Business Leaders 2014
INTHEBLACK Young Business Leaders 2014INTHEBLACK Young Business Leaders 2014
INTHEBLACK Young Business Leaders 2014CPA Australia
 
What is an Intrapreneur?
What is an Intrapreneur? What is an Intrapreneur?
What is an Intrapreneur? Vocoli
 
Entrepreneurial Mindset Matters for Engineers - The Why, What, & How
Entrepreneurial Mindset Matters for Engineers - The Why, What, & HowEntrepreneurial Mindset Matters for Engineers - The Why, What, & How
Entrepreneurial Mindset Matters for Engineers - The Why, What, & HowDouglas Melton
 
The Entrepreneurial Mindset (Part I)
The Entrepreneurial Mindset (Part I)The Entrepreneurial Mindset (Part I)
The Entrepreneurial Mindset (Part I)Chris Zobrist
 
The Entrepreneurial Mindset | 04.22.15
The Entrepreneurial Mindset | 04.22.15The Entrepreneurial Mindset | 04.22.15
The Entrepreneurial Mindset | 04.22.15Michael Burcham
 
Journey from Idea to a Real Business
Journey from Idea to a Real BusinessJourney from Idea to a Real Business
Journey from Idea to a Real BusinessMichael Burcham
 
Startup 101: Entrepreneurial Mindset, Go2Market and Growth Strategy (universi...
Startup 101: Entrepreneurial Mindset, Go2Market and Growth Strategy (universi...Startup 101: Entrepreneurial Mindset, Go2Market and Growth Strategy (universi...
Startup 101: Entrepreneurial Mindset, Go2Market and Growth Strategy (universi...Chris Franke
 
Entrepreneurship Management Defined
Entrepreneurship Management DefinedEntrepreneurship Management Defined
Entrepreneurship Management DefinedAndrew Dorko
 
Entrepreneurship an idea is an opportunity
Entrepreneurship  an idea is an opportunityEntrepreneurship  an idea is an opportunity
Entrepreneurship an idea is an opportunityKarim Soliman
 
ENTREPRENEURship Management
ENTREPRENEURship ManagementENTREPRENEURship Management
ENTREPRENEURship ManagementVijay Gujaran
 
Unleashing The Spirit Of Intrapreneurship
Unleashing The Spirit Of IntrapreneurshipUnleashing The Spirit Of Intrapreneurship
Unleashing The Spirit Of IntrapreneurshipManojSharma
 
Kuching | Jan-15 | Entrepreneurship as a Vehicle to Encourage Grass Roots Inn...
Kuching | Jan-15 | Entrepreneurship as a Vehicle to Encourage Grass Roots Inn...Kuching | Jan-15 | Entrepreneurship as a Vehicle to Encourage Grass Roots Inn...
Kuching | Jan-15 | Entrepreneurship as a Vehicle to Encourage Grass Roots Inn...Smart Villages
 
Entrepreneurship and Startup
Entrepreneurship and StartupEntrepreneurship and Startup
Entrepreneurship and StartupE-Cell IIT BHU
 
Technology opportunities in hampton roads (kaszubowski ), nasa technology day...
Technology opportunities in hampton roads (kaszubowski ), nasa technology day...Technology opportunities in hampton roads (kaszubowski ), nasa technology day...
Technology opportunities in hampton roads (kaszubowski ), nasa technology day...Marty Kaszubowski
 
Center for Enterprise Innovation (CEI) Summary for HREDA, 9-25-14
Center for Enterprise Innovation (CEI) Summary for HREDA, 9-25-14Center for Enterprise Innovation (CEI) Summary for HREDA, 9-25-14
Center for Enterprise Innovation (CEI) Summary for HREDA, 9-25-14Marty Kaszubowski
 

Tendances (20)

1 introduction to entrepreneurship
1 introduction to entrepreneurship1 introduction to entrepreneurship
1 introduction to entrepreneurship
 
INTHEBLACK Young Business Leaders 2014
INTHEBLACK Young Business Leaders 2014INTHEBLACK Young Business Leaders 2014
INTHEBLACK Young Business Leaders 2014
 
What is an Intrapreneur?
What is an Intrapreneur? What is an Intrapreneur?
What is an Intrapreneur?
 
Intrapreneurship
IntrapreneurshipIntrapreneurship
Intrapreneurship
 
Entrepreneurial Mindset Matters for Engineers - The Why, What, & How
Entrepreneurial Mindset Matters for Engineers - The Why, What, & HowEntrepreneurial Mindset Matters for Engineers - The Why, What, & How
Entrepreneurial Mindset Matters for Engineers - The Why, What, & How
 
The Entrepreneurial Mindset (Part I)
The Entrepreneurial Mindset (Part I)The Entrepreneurial Mindset (Part I)
The Entrepreneurial Mindset (Part I)
 
Intrapreneurship by Ryan Kauth
Intrapreneurship by Ryan KauthIntrapreneurship by Ryan Kauth
Intrapreneurship by Ryan Kauth
 
The Entrepreneurial Mindset | 04.22.15
The Entrepreneurial Mindset | 04.22.15The Entrepreneurial Mindset | 04.22.15
The Entrepreneurial Mindset | 04.22.15
 
Journey from Idea to a Real Business
Journey from Idea to a Real BusinessJourney from Idea to a Real Business
Journey from Idea to a Real Business
 
Startup 101: Entrepreneurial Mindset, Go2Market and Growth Strategy (universi...
Startup 101: Entrepreneurial Mindset, Go2Market and Growth Strategy (universi...Startup 101: Entrepreneurial Mindset, Go2Market and Growth Strategy (universi...
Startup 101: Entrepreneurial Mindset, Go2Market and Growth Strategy (universi...
 
Entrepreneurship Management Defined
Entrepreneurship Management DefinedEntrepreneurship Management Defined
Entrepreneurship Management Defined
 
Intrapreneur
IntrapreneurIntrapreneur
Intrapreneur
 
Entrepreneurship an idea is an opportunity
Entrepreneurship  an idea is an opportunityEntrepreneurship  an idea is an opportunity
Entrepreneurship an idea is an opportunity
 
ENTREPRENEURship Management
ENTREPRENEURship ManagementENTREPRENEURship Management
ENTREPRENEURship Management
 
Unleashing The Spirit Of Intrapreneurship
Unleashing The Spirit Of IntrapreneurshipUnleashing The Spirit Of Intrapreneurship
Unleashing The Spirit Of Intrapreneurship
 
Workshop on entrepreneurship
Workshop on entrepreneurshipWorkshop on entrepreneurship
Workshop on entrepreneurship
 
Kuching | Jan-15 | Entrepreneurship as a Vehicle to Encourage Grass Roots Inn...
Kuching | Jan-15 | Entrepreneurship as a Vehicle to Encourage Grass Roots Inn...Kuching | Jan-15 | Entrepreneurship as a Vehicle to Encourage Grass Roots Inn...
Kuching | Jan-15 | Entrepreneurship as a Vehicle to Encourage Grass Roots Inn...
 
Entrepreneurship and Startup
Entrepreneurship and StartupEntrepreneurship and Startup
Entrepreneurship and Startup
 
Technology opportunities in hampton roads (kaszubowski ), nasa technology day...
Technology opportunities in hampton roads (kaszubowski ), nasa technology day...Technology opportunities in hampton roads (kaszubowski ), nasa technology day...
Technology opportunities in hampton roads (kaszubowski ), nasa technology day...
 
Center for Enterprise Innovation (CEI) Summary for HREDA, 9-25-14
Center for Enterprise Innovation (CEI) Summary for HREDA, 9-25-14Center for Enterprise Innovation (CEI) Summary for HREDA, 9-25-14
Center for Enterprise Innovation (CEI) Summary for HREDA, 9-25-14
 

En vedette

The entrepreneurship ecosystem strategy for economic growth policy: iiea Dubl...
The entrepreneurship ecosystem strategy for economic growth policy: iiea Dubl...The entrepreneurship ecosystem strategy for economic growth policy: iiea Dubl...
The entrepreneurship ecosystem strategy for economic growth policy: iiea Dubl...Daniel Isenberg
 
Creating a vibrant Entrepreneurial ecosystem in India
Creating a vibrant Entrepreneurial ecosystem in IndiaCreating a vibrant Entrepreneurial ecosystem in India
Creating a vibrant Entrepreneurial ecosystem in IndiaAlok Mittal
 
The Entrepreneurial Ecosystem of Vietnam: A Snapshot
The Entrepreneurial Ecosystem of Vietnam: A SnapshotThe Entrepreneurial Ecosystem of Vietnam: A Snapshot
The Entrepreneurial Ecosystem of Vietnam: A SnapshotTri Dung, Tran
 
Entrepreneurship Ecosystems - Keynote Liverpool
Entrepreneurship Ecosystems - Keynote LiverpoolEntrepreneurship Ecosystems - Keynote Liverpool
Entrepreneurship Ecosystems - Keynote LiverpoolPeter Vogel
 
Entrepreneurial Ecosystem at the digital age
Entrepreneurial Ecosystem at the digital ageEntrepreneurial Ecosystem at the digital age
Entrepreneurial Ecosystem at the digital ageVincent PRETET
 
El arte de formular preguntas esenciales
El arte de formular preguntas esencialesEl arte de formular preguntas esenciales
El arte de formular preguntas esencialesmelissabuiles01
 
Entrepreneurship ecosystem
Entrepreneurship ecosystemEntrepreneurship ecosystem
Entrepreneurship ecosystemIlia Kenigshtein
 
Entrepreneurial ecosystem marker slides
Entrepreneurial ecosystem marker slidesEntrepreneurial ecosystem marker slides
Entrepreneurial ecosystem marker slidesNorris Krueger
 
BCN Biosciences I-corps@nih 121014
BCN Biosciences I-corps@nih 121014 BCN Biosciences I-corps@nih 121014
BCN Biosciences I-corps@nih 121014 Stanford University
 
Haro Pharmaceutical I-Corps@NIH 121014
Haro Pharmaceutical I-Corps@NIH 121014Haro Pharmaceutical I-Corps@NIH 121014
Haro Pharmaceutical I-Corps@NIH 121014Stanford University
 
Gammaglobulin I-Corps@NIH 121014
Gammaglobulin I-Corps@NIH 121014Gammaglobulin I-Corps@NIH 121014
Gammaglobulin I-Corps@NIH 121014Stanford University
 
Singapore startup ecosystem and entrepreneur toolbox - Aug 2015
Singapore startup ecosystem and entrepreneur toolbox - Aug 2015Singapore startup ecosystem and entrepreneur toolbox - Aug 2015
Singapore startup ecosystem and entrepreneur toolbox - Aug 2015Arnaud Bonzom
 
Chapter 3 The Research Process: The broad problem area and defining the pro...
Chapter 3 The Research Process: The broad  problem area and defining the  pro...Chapter 3 The Research Process: The broad  problem area and defining the  pro...
Chapter 3 The Research Process: The broad problem area and defining the pro...Nardin A
 
India's Startup Ecosystem and Entrepreneurial Toolbox
India's Startup Ecosystem and Entrepreneurial ToolboxIndia's Startup Ecosystem and Entrepreneurial Toolbox
India's Startup Ecosystem and Entrepreneurial ToolboxJoshua Flannery
 

En vedette (17)

The entrepreneurship ecosystem strategy for economic growth policy: iiea Dubl...
The entrepreneurship ecosystem strategy for economic growth policy: iiea Dubl...The entrepreneurship ecosystem strategy for economic growth policy: iiea Dubl...
The entrepreneurship ecosystem strategy for economic growth policy: iiea Dubl...
 
Creating a vibrant Entrepreneurial ecosystem in India
Creating a vibrant Entrepreneurial ecosystem in IndiaCreating a vibrant Entrepreneurial ecosystem in India
Creating a vibrant Entrepreneurial ecosystem in India
 
The Entrepreneurial Ecosystem of Vietnam: A Snapshot
The Entrepreneurial Ecosystem of Vietnam: A SnapshotThe Entrepreneurial Ecosystem of Vietnam: A Snapshot
The Entrepreneurial Ecosystem of Vietnam: A Snapshot
 
Entrepreneurship Ecosystems - Keynote Liverpool
Entrepreneurship Ecosystems - Keynote LiverpoolEntrepreneurship Ecosystems - Keynote Liverpool
Entrepreneurship Ecosystems - Keynote Liverpool
 
Entrepreneurial Ecosystem at the digital age
Entrepreneurial Ecosystem at the digital ageEntrepreneurial Ecosystem at the digital age
Entrepreneurial Ecosystem at the digital age
 
El arte de formular preguntas esenciales
El arte de formular preguntas esencialesEl arte de formular preguntas esenciales
El arte de formular preguntas esenciales
 
Entrepreneurship ecosystem
Entrepreneurship ecosystemEntrepreneurship ecosystem
Entrepreneurship ecosystem
 
Entrepreneurial ecosystem marker slides
Entrepreneurial ecosystem marker slidesEntrepreneurial ecosystem marker slides
Entrepreneurial ecosystem marker slides
 
BCN Biosciences I-corps@nih 121014
BCN Biosciences I-corps@nih 121014 BCN Biosciences I-corps@nih 121014
BCN Biosciences I-corps@nih 121014
 
Haro Pharmaceutical I-Corps@NIH 121014
Haro Pharmaceutical I-Corps@NIH 121014Haro Pharmaceutical I-Corps@NIH 121014
Haro Pharmaceutical I-Corps@NIH 121014
 
Gammaglobulin I-Corps@NIH 121014
Gammaglobulin I-Corps@NIH 121014Gammaglobulin I-Corps@NIH 121014
Gammaglobulin I-Corps@NIH 121014
 
Clinacuity I-Corps@NIH 121014
Clinacuity I-Corps@NIH 121014Clinacuity I-Corps@NIH 121014
Clinacuity I-Corps@NIH 121014
 
Affinity I-Corps@NIH 121014
Affinity I-Corps@NIH 121014Affinity I-Corps@NIH 121014
Affinity I-Corps@NIH 121014
 
CardiaX I-Corps@NIH 121014
CardiaX I-Corps@NIH 121014CardiaX I-Corps@NIH 121014
CardiaX I-Corps@NIH 121014
 
Singapore startup ecosystem and entrepreneur toolbox - Aug 2015
Singapore startup ecosystem and entrepreneur toolbox - Aug 2015Singapore startup ecosystem and entrepreneur toolbox - Aug 2015
Singapore startup ecosystem and entrepreneur toolbox - Aug 2015
 
Chapter 3 The Research Process: The broad problem area and defining the pro...
Chapter 3 The Research Process: The broad  problem area and defining the  pro...Chapter 3 The Research Process: The broad  problem area and defining the  pro...
Chapter 3 The Research Process: The broad problem area and defining the pro...
 
India's Startup Ecosystem and Entrepreneurial Toolbox
India's Startup Ecosystem and Entrepreneurial ToolboxIndia's Startup Ecosystem and Entrepreneurial Toolbox
India's Startup Ecosystem and Entrepreneurial Toolbox
 

Similaire à Building an Entrepreneurial Ecosystem

Introduction to Entrepreneurship 101/Finding and Validating your Idea - Entre...
Introduction to Entrepreneurship 101/Finding and Validating your Idea - Entre...Introduction to Entrepreneurship 101/Finding and Validating your Idea - Entre...
Introduction to Entrepreneurship 101/Finding and Validating your Idea - Entre...MaRS Discovery District
 
Entrepreneurial ecosystem p3 10 steps
Entrepreneurial ecosystem p3   10 stepsEntrepreneurial ecosystem p3   10 steps
Entrepreneurial ecosystem p3 10 stepsMichael Burcham
 
2014 February 20: UP GLOBAL BUSINESS ENGAGEMENT
2014 February 20:  UP GLOBAL BUSINESS ENGAGEMENT2014 February 20:  UP GLOBAL BUSINESS ENGAGEMENT
2014 February 20: UP GLOBAL BUSINESS ENGAGEMENTMichael Burcham
 
Enterprenuership dvelelopment.pptx
Enterprenuership dvelelopment.pptxEnterprenuership dvelelopment.pptx
Enterprenuership dvelelopment.pptxRatheeshKU
 
OTM Spring 2016 Draft1
OTM Spring 2016 Draft1OTM Spring 2016 Draft1
OTM Spring 2016 Draft1Jennifer Baeza
 
Entrepreneurial Excellence Report 2016_Small
Entrepreneurial Excellence Report 2016_SmallEntrepreneurial Excellence Report 2016_Small
Entrepreneurial Excellence Report 2016_SmallCharlene Boyce
 
Adventure Tourism EE Presentation, April 9, 2010
Adventure Tourism EE Presentation, April 9, 2010Adventure Tourism EE Presentation, April 9, 2010
Adventure Tourism EE Presentation, April 9, 2010Sandy Ratliff
 
Basic Ohio Economic Developers Course
Basic Ohio Economic Developers CourseBasic Ohio Economic Developers Course
Basic Ohio Economic Developers CourseRick Coplin
 
The Digital Side Of Startup Ecosystem Development GEC 2018 istanbul
The Digital Side Of Startup Ecosystem Development GEC 2018 istanbulThe Digital Side Of Startup Ecosystem Development GEC 2018 istanbul
The Digital Side Of Startup Ecosystem Development GEC 2018 istanbulGrow VC Group
 
A guidebook for viable values-based businesses
A guidebook for viable values-based businessesA guidebook for viable values-based businesses
A guidebook for viable values-based businessesVancity
 
RensonRoy_EntrepReportFinal.pptx
RensonRoy_EntrepReportFinal.pptxRensonRoy_EntrepReportFinal.pptx
RensonRoy_EntrepReportFinal.pptxRensonTacan
 
How to make social impact your growth strategy.
How to make social impact your growth strategy.How to make social impact your growth strategy.
How to make social impact your growth strategy.Ellis Jones
 
Entrepreneurship from a regional market perspective
Entrepreneurship from a regional market perspectiveEntrepreneurship from a regional market perspective
Entrepreneurship from a regional market perspectiveRajaranjan Senapati
 
NewcastleGateshead Initiative Business Leaders' Briefing 21 April 2016
NewcastleGateshead Initiative Business Leaders' Briefing 21 April 2016NewcastleGateshead Initiative Business Leaders' Briefing 21 April 2016
NewcastleGateshead Initiative Business Leaders' Briefing 21 April 2016newcastlegateshead
 
Organizational Structure Of A Successful Business
Organizational Structure Of A Successful BusinessOrganizational Structure Of A Successful Business
Organizational Structure Of A Successful BusinessJennifer Mower
 

Similaire à Building an Entrepreneurial Ecosystem (20)

Introduction to Entrepreneurship 101/Finding and Validating your Idea - Entre...
Introduction to Entrepreneurship 101/Finding and Validating your Idea - Entre...Introduction to Entrepreneurship 101/Finding and Validating your Idea - Entre...
Introduction to Entrepreneurship 101/Finding and Validating your Idea - Entre...
 
Entrepreneurial ecosystem p3 10 steps
Entrepreneurial ecosystem p3   10 stepsEntrepreneurial ecosystem p3   10 steps
Entrepreneurial ecosystem p3 10 steps
 
2014 February 20: UP GLOBAL BUSINESS ENGAGEMENT
2014 February 20:  UP GLOBAL BUSINESS ENGAGEMENT2014 February 20:  UP GLOBAL BUSINESS ENGAGEMENT
2014 February 20: UP GLOBAL BUSINESS ENGAGEMENT
 
Enterprenuership dvelelopment.pptx
Enterprenuership dvelelopment.pptxEnterprenuership dvelelopment.pptx
Enterprenuership dvelelopment.pptx
 
OTM Spring 2016 Draft1
OTM Spring 2016 Draft1OTM Spring 2016 Draft1
OTM Spring 2016 Draft1
 
Start Up! - An Introduction
Start Up! - An IntroductionStart Up! - An Introduction
Start Up! - An Introduction
 
Entrepreneurial Excellence Report 2016_Small
Entrepreneurial Excellence Report 2016_SmallEntrepreneurial Excellence Report 2016_Small
Entrepreneurial Excellence Report 2016_Small
 
ED Module-II.pptx
ED Module-II.pptxED Module-II.pptx
ED Module-II.pptx
 
Adventure Tourism EE Presentation, April 9, 2010
Adventure Tourism EE Presentation, April 9, 2010Adventure Tourism EE Presentation, April 9, 2010
Adventure Tourism EE Presentation, April 9, 2010
 
Basic Ohio Economic Developers Course
Basic Ohio Economic Developers CourseBasic Ohio Economic Developers Course
Basic Ohio Economic Developers Course
 
IR -EDP 2022.pptx
IR -EDP 2022.pptxIR -EDP 2022.pptx
IR -EDP 2022.pptx
 
The Digital Side Of Startup Ecosystem Development GEC 2018 istanbul
The Digital Side Of Startup Ecosystem Development GEC 2018 istanbulThe Digital Side Of Startup Ecosystem Development GEC 2018 istanbul
The Digital Side Of Startup Ecosystem Development GEC 2018 istanbul
 
Explore Starting Your Own Business
Explore Starting Your Own BusinessExplore Starting Your Own Business
Explore Starting Your Own Business
 
A guidebook for viable values-based businesses
A guidebook for viable values-based businessesA guidebook for viable values-based businesses
A guidebook for viable values-based businesses
 
RensonRoy_EntrepReportFinal.pptx
RensonRoy_EntrepReportFinal.pptxRensonRoy_EntrepReportFinal.pptx
RensonRoy_EntrepReportFinal.pptx
 
How to make social impact your growth strategy.
How to make social impact your growth strategy.How to make social impact your growth strategy.
How to make social impact your growth strategy.
 
Entrepreneurship from a regional market perspective
Entrepreneurship from a regional market perspectiveEntrepreneurship from a regional market perspective
Entrepreneurship from a regional market perspective
 
NewcastleGateshead Initiative Business Leaders' Briefing 21 April 2016
NewcastleGateshead Initiative Business Leaders' Briefing 21 April 2016NewcastleGateshead Initiative Business Leaders' Briefing 21 April 2016
NewcastleGateshead Initiative Business Leaders' Briefing 21 April 2016
 
Organizational Structure Of A Successful Business
Organizational Structure Of A Successful BusinessOrganizational Structure Of A Successful Business
Organizational Structure Of A Successful Business
 
Creativity: The Foundation of Innovation & Startups in Maine
Creativity: The Foundation of Innovation & Startups in Maine Creativity: The Foundation of Innovation & Startups in Maine
Creativity: The Foundation of Innovation & Startups in Maine
 

Plus de Michael Burcham

How to Pick the Right Investor
How to Pick the Right InvestorHow to Pick the Right Investor
How to Pick the Right InvestorMichael Burcham
 
Narus PPT Brochure 10.2.15
Narus PPT Brochure 10.2.15Narus PPT Brochure 10.2.15
Narus PPT Brochure 10.2.15Michael Burcham
 
05.21.15 Vanderbilt Presentation on Building Leadership Skills
05.21.15  Vanderbilt Presentation on Building Leadership Skills05.21.15  Vanderbilt Presentation on Building Leadership Skills
05.21.15 Vanderbilt Presentation on Building Leadership SkillsMichael Burcham
 
Managing a NonProfit Board of Directors
Managing a NonProfit Board of DirectorsManaging a NonProfit Board of Directors
Managing a NonProfit Board of DirectorsMichael Burcham
 
Nashville Leadership Breakfast
Nashville Leadership BreakfastNashville Leadership Breakfast
Nashville Leadership BreakfastMichael Burcham
 
King Fahd University of Petroleum & Minerals | Presentation to Students
King Fahd University of Petroleum & Minerals | Presentation to StudentsKing Fahd University of Petroleum & Minerals | Presentation to Students
King Fahd University of Petroleum & Minerals | Presentation to StudentsMichael Burcham
 
Emdeon | Healthcare Disruption Presentation for Pharma Conference
Emdeon | Healthcare Disruption Presentation for Pharma ConferenceEmdeon | Healthcare Disruption Presentation for Pharma Conference
Emdeon | Healthcare Disruption Presentation for Pharma ConferenceMichael Burcham
 
Presentation to HIMSS Summit of the Southeast 09.17.14
Presentation to HIMSS Summit of the Southeast 09.17.14Presentation to HIMSS Summit of the Southeast 09.17.14
Presentation to HIMSS Summit of the Southeast 09.17.14Michael Burcham
 
Women and Entrepreneurship
Women and EntrepreneurshipWomen and Entrepreneurship
Women and EntrepreneurshipMichael Burcham
 
Harbin Clinic Presentation | Part 2
Harbin Clinic Presentation | Part 2Harbin Clinic Presentation | Part 2
Harbin Clinic Presentation | Part 2Michael Burcham
 
Harbin Clinic Presentation | Part 1
Harbin Clinic Presentation | Part 1Harbin Clinic Presentation | Part 1
Harbin Clinic Presentation | Part 1Michael Burcham
 
Tennessee HFMA Conference | Turning Chaos Into Opportunity
Tennessee HFMA Conference | Turning Chaos Into OpportunityTennessee HFMA Conference | Turning Chaos Into Opportunity
Tennessee HFMA Conference | Turning Chaos Into OpportunityMichael Burcham
 
Executing a winning strategy
Executing a winning strategyExecuting a winning strategy
Executing a winning strategyMichael Burcham
 
10 things to keep in mind
10 things to keep in mind10 things to keep in mind
10 things to keep in mindMichael Burcham
 
Shiny object to business
Shiny object to businessShiny object to business
Shiny object to businessMichael Burcham
 
Managing a board of directors
Managing a board of directorsManaging a board of directors
Managing a board of directorsMichael Burcham
 
Entrepreneurial ecosystem p6 mentor1
Entrepreneurial ecosystem p6   mentor1Entrepreneurial ecosystem p6   mentor1
Entrepreneurial ecosystem p6 mentor1Michael Burcham
 
Entrepreneurial ecosystem p5 angels
Entrepreneurial ecosystem p5   angelsEntrepreneurial ecosystem p5   angels
Entrepreneurial ecosystem p5 angelsMichael Burcham
 
Entrepreneurial ecosystem p4 5 mdna
Entrepreneurial ecosystem p4   5 mdnaEntrepreneurial ecosystem p4   5 mdna
Entrepreneurial ecosystem p4 5 mdnaMichael Burcham
 

Plus de Michael Burcham (20)

How to Pick the Right Investor
How to Pick the Right InvestorHow to Pick the Right Investor
How to Pick the Right Investor
 
Narus PPT Brochure 10.2.15
Narus PPT Brochure 10.2.15Narus PPT Brochure 10.2.15
Narus PPT Brochure 10.2.15
 
05.21.15 Vanderbilt Presentation on Building Leadership Skills
05.21.15  Vanderbilt Presentation on Building Leadership Skills05.21.15  Vanderbilt Presentation on Building Leadership Skills
05.21.15 Vanderbilt Presentation on Building Leadership Skills
 
Managing a NonProfit Board of Directors
Managing a NonProfit Board of DirectorsManaging a NonProfit Board of Directors
Managing a NonProfit Board of Directors
 
Nashville Leadership Breakfast
Nashville Leadership BreakfastNashville Leadership Breakfast
Nashville Leadership Breakfast
 
King Fahd University of Petroleum & Minerals | Presentation to Students
King Fahd University of Petroleum & Minerals | Presentation to StudentsKing Fahd University of Petroleum & Minerals | Presentation to Students
King Fahd University of Petroleum & Minerals | Presentation to Students
 
Emdeon | Healthcare Disruption Presentation for Pharma Conference
Emdeon | Healthcare Disruption Presentation for Pharma ConferenceEmdeon | Healthcare Disruption Presentation for Pharma Conference
Emdeon | Healthcare Disruption Presentation for Pharma Conference
 
Presentation to HIMSS Summit of the Southeast 09.17.14
Presentation to HIMSS Summit of the Southeast 09.17.14Presentation to HIMSS Summit of the Southeast 09.17.14
Presentation to HIMSS Summit of the Southeast 09.17.14
 
Women and Entrepreneurship
Women and EntrepreneurshipWomen and Entrepreneurship
Women and Entrepreneurship
 
Harbin Clinic Presentation | Part 2
Harbin Clinic Presentation | Part 2Harbin Clinic Presentation | Part 2
Harbin Clinic Presentation | Part 2
 
Harbin Clinic Presentation | Part 1
Harbin Clinic Presentation | Part 1Harbin Clinic Presentation | Part 1
Harbin Clinic Presentation | Part 1
 
Tennessee HFMA Conference | Turning Chaos Into Opportunity
Tennessee HFMA Conference | Turning Chaos Into OpportunityTennessee HFMA Conference | Turning Chaos Into Opportunity
Tennessee HFMA Conference | Turning Chaos Into Opportunity
 
Executing a winning strategy
Executing a winning strategyExecuting a winning strategy
Executing a winning strategy
 
10 things to keep in mind
10 things to keep in mind10 things to keep in mind
10 things to keep in mind
 
Building the team
Building the teamBuilding the team
Building the team
 
Shiny object to business
Shiny object to businessShiny object to business
Shiny object to business
 
Managing a board of directors
Managing a board of directorsManaging a board of directors
Managing a board of directors
 
Entrepreneurial ecosystem p6 mentor1
Entrepreneurial ecosystem p6   mentor1Entrepreneurial ecosystem p6   mentor1
Entrepreneurial ecosystem p6 mentor1
 
Entrepreneurial ecosystem p5 angels
Entrepreneurial ecosystem p5   angelsEntrepreneurial ecosystem p5   angels
Entrepreneurial ecosystem p5 angels
 
Entrepreneurial ecosystem p4 5 mdna
Entrepreneurial ecosystem p4   5 mdnaEntrepreneurial ecosystem p4   5 mdna
Entrepreneurial ecosystem p4 5 mdna
 

Dernier

How To Get Rich With Bitcoin Even If You Have No Clue About Technology
How To Get Rich With Bitcoin Even If You Have No Clue About TechnologyHow To Get Rich With Bitcoin Even If You Have No Clue About Technology
How To Get Rich With Bitcoin Even If You Have No Clue About Technologyzaidashadali00
 
Tactics and tools to support remote workers
Tactics and tools to support remote workersTactics and tools to support remote workers
Tactics and tools to support remote workersManagry
 
Expense Management Maximizing Efficiency for Business Success
Expense Management Maximizing Efficiency for Business SuccessExpense Management Maximizing Efficiency for Business Success
Expense Management Maximizing Efficiency for Business SuccessManagry
 
Tuzapay Limited Digital Transformation.pptx
Tuzapay Limited Digital Transformation.pptxTuzapay Limited Digital Transformation.pptx
Tuzapay Limited Digital Transformation.pptxevancegitahi
 
Path to Traditional Pub - BookFest 2024 presentation - 03-23-2024.pdf
Path to Traditional Pub - BookFest 2024 presentation - 03-23-2024.pdfPath to Traditional Pub - BookFest 2024 presentation - 03-23-2024.pdf
Path to Traditional Pub - BookFest 2024 presentation - 03-23-2024.pdfContent Strategy Inc.
 
How to track billable hours - a step-by-step guide
How to track billable hours - a step-by-step guideHow to track billable hours - a step-by-step guide
How to track billable hours - a step-by-step guideManagry
 
7 Tips for Using a Mobile Clock-In App for Remote Employees
7 Tips for Using a Mobile Clock-In App for Remote Employees7 Tips for Using a Mobile Clock-In App for Remote Employees
7 Tips for Using a Mobile Clock-In App for Remote EmployeesManagry
 
Analysis Of FaarmTech | BBA | Business Plan
Analysis Of FaarmTech | BBA | Business PlanAnalysis Of FaarmTech | BBA | Business Plan
Analysis Of FaarmTech | BBA | Business Planmohsinrai101
 
Preventing Timesheet Fraud Strategies for Ensuring Accuracy and Compliance
Preventing Timesheet Fraud Strategies for Ensuring Accuracy and CompliancePreventing Timesheet Fraud Strategies for Ensuring Accuracy and Compliance
Preventing Timesheet Fraud Strategies for Ensuring Accuracy and ComplianceManagry
 
HDPE Pipe Fittings Manufacturer and Supplier
HDPE Pipe Fittings Manufacturer and SupplierHDPE Pipe Fittings Manufacturer and Supplier
HDPE Pipe Fittings Manufacturer and SupplierBhavin Kanani
 
The Benefits of SaaS. What is field service software?
The Benefits of SaaS. What is field service software?The Benefits of SaaS. What is field service software?
The Benefits of SaaS. What is field service software?Managry
 
What is the Best Way to Track Employee Vacation Time?
What is the Best Way to Track Employee Vacation Time?What is the Best Way to Track Employee Vacation Time?
What is the Best Way to Track Employee Vacation Time?Managry
 

Dernier (12)

How To Get Rich With Bitcoin Even If You Have No Clue About Technology
How To Get Rich With Bitcoin Even If You Have No Clue About TechnologyHow To Get Rich With Bitcoin Even If You Have No Clue About Technology
How To Get Rich With Bitcoin Even If You Have No Clue About Technology
 
Tactics and tools to support remote workers
Tactics and tools to support remote workersTactics and tools to support remote workers
Tactics and tools to support remote workers
 
Expense Management Maximizing Efficiency for Business Success
Expense Management Maximizing Efficiency for Business SuccessExpense Management Maximizing Efficiency for Business Success
Expense Management Maximizing Efficiency for Business Success
 
Tuzapay Limited Digital Transformation.pptx
Tuzapay Limited Digital Transformation.pptxTuzapay Limited Digital Transformation.pptx
Tuzapay Limited Digital Transformation.pptx
 
Path to Traditional Pub - BookFest 2024 presentation - 03-23-2024.pdf
Path to Traditional Pub - BookFest 2024 presentation - 03-23-2024.pdfPath to Traditional Pub - BookFest 2024 presentation - 03-23-2024.pdf
Path to Traditional Pub - BookFest 2024 presentation - 03-23-2024.pdf
 
How to track billable hours - a step-by-step guide
How to track billable hours - a step-by-step guideHow to track billable hours - a step-by-step guide
How to track billable hours - a step-by-step guide
 
7 Tips for Using a Mobile Clock-In App for Remote Employees
7 Tips for Using a Mobile Clock-In App for Remote Employees7 Tips for Using a Mobile Clock-In App for Remote Employees
7 Tips for Using a Mobile Clock-In App for Remote Employees
 
Analysis Of FaarmTech | BBA | Business Plan
Analysis Of FaarmTech | BBA | Business PlanAnalysis Of FaarmTech | BBA | Business Plan
Analysis Of FaarmTech | BBA | Business Plan
 
Preventing Timesheet Fraud Strategies for Ensuring Accuracy and Compliance
Preventing Timesheet Fraud Strategies for Ensuring Accuracy and CompliancePreventing Timesheet Fraud Strategies for Ensuring Accuracy and Compliance
Preventing Timesheet Fraud Strategies for Ensuring Accuracy and Compliance
 
HDPE Pipe Fittings Manufacturer and Supplier
HDPE Pipe Fittings Manufacturer and SupplierHDPE Pipe Fittings Manufacturer and Supplier
HDPE Pipe Fittings Manufacturer and Supplier
 
The Benefits of SaaS. What is field service software?
The Benefits of SaaS. What is field service software?The Benefits of SaaS. What is field service software?
The Benefits of SaaS. What is field service software?
 
What is the Best Way to Track Employee Vacation Time?
What is the Best Way to Track Employee Vacation Time?What is the Best Way to Track Employee Vacation Time?
What is the Best Way to Track Employee Vacation Time?
 

Building an Entrepreneurial Ecosystem

  • 1. BUILDING AN ENTREPRENEURIAL ECOSYSTEM THE NASHVILLE STORY 10.28.16 Dr. Michael Burcham michael@michaelburcham.com www.michaelburcham.com 615.400.7662
  • 2. ABOUT | NASHVILLE 2016 Fast Company | Top 3 Cities in America for Startups Inc | 10 Best Paces to Start a Business Entrepreneur Magazine | Hottest Startup City Forbes | Best Places for Business & Careers Glassdoor.com | Top 25 City for Jobs
  • 3. Organize | Create the “Front Door” BUILDING NASHVILLE’S ENTREPRENEURIAL ECOSYSTEM We have established the Nashville Entrepreneur Center as the city’s “Front Door” for Startup and Entrepreneurial Activity: - We have launched just over 100 new businesses in 48 months - They employ over 1,200 people and provide nearly $100M USD in economic impact
  • 4. We have focused our entrepreneurial efforts around the categories that represent both our large businesses and our investment community FOCUS | LEVERAGING NASHVILLE’S CORE ASSETS
  • 5. OUR GOAL: To help early stage entrepreneurs develop their businesses.
  • 6. • Ideas are Cheap | The Best Ones are Worth About $20. Don’t obsess over the idea. • Most Entrepreneurial Leaders Were Not the “Idea” Person on the Team. They are the ones who Do something with ideas. • Having an Entrepreneurial Mindset is a Learned Behavior - and the more you practice it, the better you get. • The Business Model Matters a Lot! • Execution Matters Even More • Money Follows GREAT Execution • The Glue within the Ecosystem is more important than the Entities MY BIAS THINGS WE’VE LEARNED | INSIGHTS
  • 7. THE DYSFUNCTION THESE FUNCTIONS NEED TO BE CONNECT TO A PURPOSE Mentoring Government Support
  • 8. Think of the Entrepreneurial Ecosystem as providing fertile soil and a climate in which to seed, nurture and grow new businesses. The enablers… • Venture Creators • Mentors & Advisors • University Partnerships and Programs • Support Organizations (Legal, Accounting, Technology) • Labor Markets • Investors • Government • Large Businesses These are all more effective when they are networked to encourage intellectual, financial and human capital to flow to enterprises at every phase of the startup journey.
  • 9. Ecosystem Assessment | Key Ingredients for Success ECOSYSTEM ASSESSMENT 1. Economic & Community Development | Planning via Entrepreneurial Goals ECD STRATEGY 2. Partners, Businesses, Investors, Universities & Government | Engagement in the Plan STAKEHOLDER ENGAGEMENT 3. Set Phased Priorities | Should Be Based Upon Findings and Funding of 1, 2 and 3 PRIORITY PLANNING 4. Do The Right Things | Do Things Right | Execute LAUNCH AND EXECUTION 5. Mentoring, Training, Capital Continuum | Founder to CEO BEST-IN-CLASS PROGRAMMING 6. Celebrate | Build on What Works BUILD ON SUCCESS 7. ECOSYSTEM DEVELOPMENT | STEPS FOMO Fear of Missing Out
  • 10. Y U A M C G ECOSYSTEM DEVELOPMENT | ROLES IN SYSTEM • Become 1st Customers of Startups • Coach in Entrepreneurial Mindset • Outsourced R&D Concepts • Skunkworks & Private Accelerators • Creation of New Businesses • Growth of Existing Businesses • Support New Entrepreneurs • Design of New Business Models • Encourage Creativity • Development of the Future Workforce • Create an Entrepreneurial Mindset • Teach Coding Youth Engagement | Basic Tools, Coding Workshops, Creative Problem Solving Programming | Immersion & Experiential Learning, Live Case Study, Business Tools Accelerators | Screening Methods, Mentoring, Biz Modeling, Idea to Launch Mentoring & Coaching | CEO Development, Business Modeling, Growth Tools Corporations | Entrepreneurial Mindset Training, Innovation, Skunkworks, Partnerships Government | Business Friendly Environment, Support, Cultural Mindset
  • 11. Align Your Vision for Success Ensure the definitions of success match. Choose core measures. Secure Business & Stakeholder Support Identify who is committed to help create success. Connect to Capital - Build Funding Pipeline Connect to Sources of Capital in the Public and Private Sector. Leverage Resources to Drive Opportunities Leverage resources to help create wins with investable stories. Organize Your Community “Front Door” Build partnerships: Entrepreneurs, Mentors, Investors, Biz Partners 1 2 3 4 5 STEPS IN BUILDING A SUSTAINABLE ENTREPRENEURIAL ECOSYSTEM
  • 12. OUR LESSONS LEARNED WHAT HAS HELPED CREATE OUR SUCCESS? Businesses Must Be Engaged It’s not about the building – it’s business helping startups build their team, test business models, capture market & raise capital Seed & Angel Capital is Required Early stage capital is essential to create prototypes and build out technologies. The best startups go to the sources of capital. Execution, Not Ideas Create Value Ideas are nice, but there’s no market for them. Transforming an idea into a business requires execution skill. 1. 2. 3. The Ecosystem Matters – a LOT The combination of the creative talent, seasoned entrepreneurs, business support, programmers & investors – they’re all essential. 4.
  • 13. CONTACT INFORMATION Dr. Michael R. Burcham c. 615.400.7662 e. michael@michaelburcham.com w. www.michaelburcham.com t. www.twitter.com/michaelrburcham l. www.linkedin.com/in/michaelburcham 13