America21 - Portland Urban Innovation Roundtable

Urban Innovation Roundtable

Portland, Oregon

Challenge: How does the greater Portland region ensure economic contribution and competitiveness from all communities to strengthen the overall economy for everyone in the region?

Pipeline to Productivity

education

workforce

entrepreneurs capital

jobs

liquidity event

wealth

high-wage workers

investors

Challenge: How do we establish a more level field of opportunity, investment and outcomes that effectively address historically chronic economic disparities and help the small grow big?


Goal: Increased productivity through inclusive economic competitiveness, resulting in greater job growth and wealth creation.

Education: How do we invest in the education pipeline to ensure a substantial increase in the flow of workers capable and qualified to contribute to a 21st century fast-paced, knowledge-based, tech-driven global innovation economy?


STEM Education: How do we ensure no child is left behind in an increasingly tech-driven entrepreneurial landscape?


Entrepreneurship: How do we inspire, prepare and equip high-growth entrepreneurs across the spectrum of economic disparities, resulting in growing companies that produce an increase in job growth in our region?


Capital: How do we provide channels of access to risk capital and innovative funding options for startups, existing small businesses and growth-stage enterprises?


Kauffman Foundation: Nearly all net new job growth in the U.S., since 1980, is due to companies five years old and younger.

Seeking Investment

Entrepreneur Resource Orgs Angel Groups Venture Capital Corporations Small Businesses Public School Districts Colleges / Universities Foundations Government agencies Financial Institutions Professional Associations Business Alliances Economic Development Orgs

CONNECTED Community Orgs

Social / Civic Orgs Public Schools

Churches

DISCONNECTED


BRIDGE: How do we connect the economically disconnected to the regional innovation ecosystem, from the pipeline of STEM education to the productivity of high-growth entrepreneurship?

How do we ensure equity investments in our communities to reap a greater economic output contribution that strengthens the regional economy?

Seeking Investment



Churches

DISCONNECTED


OUTCOMES: How do we create measurable outcomes in all regional communities across the three core foundations of the innovation economy?

• STEM Education & Workforce Development

• Entrepreneurship (Focus on High-Growth)

• Access to Capital & Capital Formation

INNOVATION ECONOMY

JOB GROWTH * WEALTH CREATION


Seeking Investment



Churches

DISCONNECTED


IDEA: Establish an Inclusive Decision-Making Leadership Body. Unite leaders from within the connected economic infrastructure with leadership in economically disconnected communities around a neutral roundtable of equality. Goal: Work together to develop multi-generational culturally competent inclusive economic strategies, milestones and outcomes that strengthen the region’s economy for the benefit of all residents.


Seeking Investment



Churches

DISCONNECTED


Increased STEM educated communities

Increased High-Growth Entrepreneurship

More Successful Companies and Jobs

measurable outcomes

Stronger Regional Economy

Increased tech-qualified workforce



Connecting the disconnected to an inclusive economic ecosystem from pipeline to productivity

How do we get started?


The America21 Project connects with stakeholders in the region, identifies a lead organization with which to partner, assembles the UIR and manages the initial process through the kickoff conference.

The UIR consists of two primary parts: Governing Board: Approves budget and provides resources necessary to implement and sustain the strategies developed by the working groups to ensure multi-generational outcomes and the overall success of the UIR. 3 Working Groups: Representing the 3 core foundations of the Innovation Economy, these Working Groups are comprised of collaborative leadership working together to develop strategies, milestones and outcomes that connect economically disconnected sectors to the regional innovation ecosystem.

STEM Education • Entrepreneurship • Access to Capital

Portland Urban Innovation Roundtable


UIR Working Groups

STEM Education & Workforce Development

Filling the Pipeline

High Growth Entrepreneurship

Mining Opportunity Reducing Fail / Risk

Access to Capital & Capital Formation

Providing Resources Relationships / Networks

Disconnected Communities African American

Hispanic Other

Regional Data / Analytics Asset Mapping


The America21 Project connects with stakeholders in the region, identifies a lead organization with which to partner, assembles the UIR and manages the initial process through the kickoff conference:

National Urban Innovation Conference and STEM Expo (2013)

Assembly Process:

• Identify lead organization; establish seed funding to cover assembly process • Identify and engage regional stakeholders; establish commitment to process • Establish and convene Governing Board • Establish and convene Working Groups • Provide UIR with Asset Mapping Report and Framework for Outcomes • Transition UIR to permanent structure established by stakeholders • America21 begins work of producing National Urban Innovation Conference


STEM Working Group:

Identifies Best Practices nationwide and extends invitation to participate in 2013 STEM Expo.

Establishes measurable goals for improved educational achievement and implementation of select STEM programs in participating schools.

Entrepreneur Working Group:

Establishes resource-rich programs to promote entrepreneurship, networking, education, mentoring and bridging disconnected sectors to the innovation ecosystem.

Establishes measurable goals for producing funded startups and expansion of existing businesses.*

Capital Working Group:

Identifies and structures local capital resources to support the outcomes of the Entrepreneur Working Group.

Establishes an Urban Angels Group with an Urban Innovation Fund. Recruits and educates high net worth individuals to growth the Urban Angels group.*

*Example Goal: 3 funded startups and 2 expanded local businesses in Y1. Successful model will reap exponential results in subsequent years.

Working Groups Assembly Structure: Example 1


INNOVATION NATION CHALLENGE:

America21 develops online national Startup Contest. Entries are vetted by the UIR Working Groups.

10 startups are chosen to come to Portland and work in a co-working facility (branded accelerator) with access to resources offered by the UIR for a specified time to launch or leave.

ACCELERATING INNOVATION:

UIR Working Groups choose 5 additional in-state startups to join the UIR accelerator.

Working Group members offer mentoring and wraparound resources to ensure the best possible opportunity for all of the companies to succeed.

Company founders (teams of 2-5 max) launch within six months or must leave the accelerator. Successful companies can extend up to an additional six months.

INNOVATION ECOSYSTEM:

UIR provides funding for the operation of the accelerator and an Urban Innovation Fund to invest in companies that pass the due diligence phase.

Companies agree to remain in the region and hire local talent and collaborate with local businesses in their supply chain as much as is reasonable.

Working Groups Assembly Structure: Example 2

INNOVATIONNATION CHALLENGE


National Urban Innovation Conference & STEM Education Expo

Portland will be the epicenter for Inclusive Competitiveness Strategies, attracting best practices leaders from around the nation. The White House will participate in support of its Urban Entrepreneurship Summit that has traveled the nation.

Official conference will kickoff the UIR with a nationwide spotlight

Urban Innovation Roundtable Portland, Oregon

Empowering economically disconnected urban sectors with innovative infrastructures to expand and strengthen the regional economic ecosystem.

THE UIR ASSEMBLY PROCESS 5 Phases



PHASE 1 SPONSOR • FUNDING • IN-KIND

Month 1-2

Secure office space & other resources

Secure seed funding

Establish partnerships for mapping / board development / fundraising

Secure commitments from leaders in established and disconnected sectors

Commit

Benefits: Develop New Economic Framework Establish New Collaborations Support Historic Effort Seat on Governing Board



PHASE 2 IDENTIFY • ENGAGE • INFORM

Month 2-4

Establish Advisory Groups from Disconnected Communities

Identify and Connect Disconnected Community Programs

Partner with Government & Regional Economic Agencies

Build Relationships with Local Educational Institutions

Identify and Connect with Existing Synergistic Initiatives

Engage

Benefits: Positive Community Relations Positive Media Relations Expand Reach / Branding



ASSET IDENTIFICATION • MAPPING REPORT Month 3-5

Identify Partner Organizations / Groups / Universities

Identify Specific Causes of Disparities

Develop Regional List of Categorized Assets

Develop Database

Publish Phase 1 Report for UIR

PHASE 3 Assess

Benefits: Positive Community Relations Empower Advisory Groups Establish Knowledge Base



GOVERNING BOARD • WORKING GROUPS • FUNDRAISING Month 3-5

Establish Governing Board from Connected & Disconnected Communities

Develop Shared Vision and Plan for Sustainable Growth

Engage STEM Oriented Working Group with Existing Groups

Establish Entrepreneurship Working Group to Onboard Disconnected

Form Work Group to Extend Angel/Capital Networks and Build Relationships

PHASE 4

Benefits: Positive Community Relations Create Alliance / Partnerships Historic Impact Strengthen Regional Economy Convene



LAUNCH UIR Month 6-8

Collaborative Urban Innovation Roundtable Launched

Shared Vision Execution Begins / Launch website & monthly newsletter

Establishes Portland as First Mover with Bragging Rights

Launch Production of Major Event with Regional / National Media Exposure

PHASE 5

Benefits: Positive Community Relations Create Alliance / Partnerships Historic Economic Impact Increase innovation infrastructure Strengthen Regional Economy Express

Portland Urban Innovation Program


DELIVERABLES 6-8 MONTHS

Baseline Asset Map of Target Regions

Advisory Group From Each Target Disconnected Community

Governing Board, Portland Urban Innovation Roundtable

Three Working Groups, Portland UIR

Communications Platform (website/newsletter/mobile/PR)

National Urban Innovation Conference Plan



Contact: Mike Green, Co-founder America21 [email protected] (541) 730-2164

mailto:[email protected]


Portland, Oregon

America21 - Portland Urban Innovation Roundtable

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