Investing In Our Future

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Investing In Our Future. Contact: Michael Newell, Executive Director Address: 1300 Valley House Drive, Suite 100 Rohnert Park, CA 94928 Telephone:(707) 480-1577 SMBC & The North Bay iHub Oct 2011. 1. Where do we invest?. - PowerPoint PPT Presentation

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  • *Investing In Our FutureContact: Michael Newell, Executive DirectorAddress: 1300 Valley House Drive, Suite 100Rohnert Park, CA 94928Telephone:(707) 480-1577Website:www.somobc.orgSMBC & The North BayiHub

    Oct 2011

  • *Where do we invest?2/3 of all the net new jobs are created by companies that are less than 5 years old (Kauffman Foundation, 2009)

    Job Growth in U.S. Driven Entirely by Startups (Kauffman Foundation 2010)

    1977 - 2005, Existing firms lost 1M jobs net per year (job destroyers).1977 2005, New firms add an average of 3 million jobs in year 1.

    Startups & young companies need the most support to be successful

  • *SMBC the North Bays Business IncubatorMission: To create high value jobs in the North Bay by enabling and accelerating the success of innovative startups

    Goals: Be the entrepreneurial hub of the North Bay supplying the infrastructure to: - accelerate >100 start ups over 10 years - create >2000 high paying white/green collar jobs

  • *Plug and Play Office SuitesFurnished offices24/7 card access securityConference rooms with A/VShared reception areaLibraryKitchen LoungeBusiness services: copiers, fax, printers, data lines, mail, utilitiesEntrepreneurial ServicesIndividualized mentoringAdvisorsTechnical expertsService provider networkConnections to capital/fundingUniversity relations & facilities accessEducational and networking eventsEntrepreneurial environment29,000 sq.ft facility Office & lab spaceDesigned for LEED Gold Cert.What does SMBC provide? Future plansVirtual Incubator / Entrepreneur GroupSecond Incubator

  • *Why join an Incubator?Save time, Save $$Plug and play office space saves up to $10,000 in startup costsSaves weeks of your timeIncrease your chances of success (4X)You are 4x more likely to succeed if you are in an incubatorDo you want an 80% chance of success or failure?Reduce isolationJoin a community of entrepreneursBuilt in support group, keeps motivation highIts who you know, not what you knowIncrease your networkYour network is a big factor in determining success or failure

  • *Some Success StoriesPix2oLED video screensExclusive for Michael Jackson Tour

    BarspaceLive webcams in bars across USSocial networking/mobile app overlayStarted with 2 SSU studentsWestcoast SolarJoined for plug and play office space, mentoring & other servicesGraduated in

  • *Some Current SMBC ClientsAspenAirAir filters for residential & commercialSaves up to 30% on your heating/cooling billCleans the air betterNonProfitEasySoftware suite for managing non-profitsComprehensive & affordableK-DiagnosticRevolutionary solution for sleep apnea monitoringWinner of 2010 Seed Round Bus Plan Comp

  • *North Bay Innovation Hub (iHub)About Us Regional economic development organization focused on job creation by fostering innovation, entrepreneurship and commercialization of technology One of 12 iHubs in the State of CaliforniaiHubs designated by GOED (Governors Office of Economic Development)Tactics: Foster regional collaboration to provide an innovation platformLeverage assets like universities, technology incubators, and federal laboratories Three Programs created to date, see >>>>Coordinated by SMBC (501c3 non-profit)Received $200K matching grant from SBDC


  • *IHub Geographic RegionThree County Region Sonoma Marin Napa

  • North Bay iHub PartnersProgram Partners (to date)

    InnovationIncubationInvestmentSupporting Partners

    City of Rohnert ParkCity of Santa RosaCity of PetalumaRohnert Park Chamber of CommerceSanta Rosa Chamber of CommerceSonoma County EDBMarin Economic ForumSBDC(more organizations are in discussion)

  • Innovation Program, 2011The Seed Round Business Plan CompetitionSSU & SMBC co-producing$40,000 total prize packageOpen to North Bay EntrepreneursGive participants exposure (press & VC)35 applicants24 participants learn better business planning in workshop and received mentoringGrand finale Event June 1, 2011K-Diagnostic were the inaugural winnersCollaborators are SSU and SMBC

  • Incubation Program, 2011Sprout ProgramVenture Preparedness Program for StartupsHelp to achieve readiness for Angel/VC financing1:1 intensive mentoring for participants (up to 60 hrs over 6 8 weeks)Complete opportunity/needs assessmentComplete 18 month tactical planIntroductions to funding sourcesFirst 3 Seeds are sprouting Do you know a candidate for our Sprout program?Collaborators are Wavepoint Ventures and SMBC

  • Investment Program, 2010/2011North Bay Investor Summit, Nov 10, 2010CARS, CABERNET & CASH10 companies pitched for investment>150 investor attendees (VC and angel)Partnered with North Bay Angels and Keiretsu ForumExotic & Performance Car Expo Tesla, Lamborghini, Mercedes Gullwing. Fantasy Junction, Club SportivaWine Tasting of 5 of Californias finest cabs

    NBIS 2011Nov 9SMBC, Wavepoint Ventures, North Bay Angels & Keiretsu

  • *Were Here to HelpWe are here to help startups and entrepreneursWe have resources, programs & connectionsWe are helping the young innovative companiesThey will create the jobs that are vital to our futureContact: Michael Newell, Executive DirectorAddress: 1300 Valley House Drive, Suite 100Rohnert Park, CA 94928Telephone:(707)