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Across the world, various economicdevelopment organizations, government agencies, and non-profits are putting in admirable and well-intentioned efforts to developstartup ecosystems. Take the example of goTenna , a thriving communications hardware startup located in Downtown Brooklyn that employees almost 50 people.
The companys collaboration with the New Jersey EconomicDevelopment Agency is a boost to the states program to attract AI companies for its innovation economy. This collaboration represents the best of what private-public partnerships can achieve, said Brian Venturo, CoreWeaves chief strategy officer.
“Communities seeking to grow their economy need to understand the impact entrepreneurship and small business play in economic growth.” — Grow Your Own: Entrepreneurship-based EconomicDevelopment for Local Communities, Dell Gines, Federal Reserve Bank of Kansas City. They understand it from a general sense.
Washingtons Premier Connector of Tech and Policy Leaders Welcomes the Next Generation of Innovators that includes Delta Force, an annual cohort designed to support 6-10 of DCs most promising startup founders. Additionally, STATION DC is launching Delta Force, an annual cohort designed to support 6-10 of DCs most promising startup founders.
To support and accelerate this momentum, the National Entrepreneur Center (NEC) and Orange County Government have partnered with SourceLink, tapping into our consulting services, software solutions and national network to strengthen and build upon the rich tradition of collaboration the NEC and Orlando entrepreneurial ecosystem have forged.
Consequently, metros like Nashville, Indianapolis, Salt Lake City, and Phoenix have attracted more transplants from coastal hubs — a shift that helps spur economicdevelopment but also puts pressure on housing costs and public services. Collaboration is the hardest, but arguably the most important.
Individuals who had never considered launching a startup began creating businesses out of a combination of necessity and opportunity. The campaign introduces people to the path of entrepreneurship, creates opportunity for collaboration and facilitates access to capital and other resources that are vital to entrepreneurial success.
During my tenure with the local University I worked with economicdevelopers all across Iowa, from Sioux City to Davenport and a great many small but mighty communities in-between: Grinnell, Parkersburg, Webster City and Lamoni to name a few. Starting and growing a business can prove to be a daunting endeavor within any market.
Although the numbers are impressive, the Startup Fort Worth White Paper that the Sparkyard team developed to build on the data includes community-sourced recommendations to further improve their economy through a focus on startups. More than 25,000 jobs were created in 2018 by firms 0-1 years old in Tarrant County.
In fact, many communities start with just one area of focus and develop their program over time to realize economic impact. In 2018, the state of Nebraska released Blueprint Nebraska, a strategic plan aimed at identifying the state’s core economicdevelopment challenges to create pioneering solutions. Not going it alone.
March 18, 2025) Last week, the New Jersey EconomicDevelopment Authority (NJEDA) Board approved the creation of the Next New Jersey Program – AI and the AI Innovation Challenge Administration Grant Program. For more information, including additional eligibility requirements, click here.
From navigating complex regulations and securing funding to connecting with and growing a network, entrepreneurs in Vietnam face a unique set of challenges as they build their businesses: Access to capital: Securing funding for a new business can be elusive, particularly for startups.
Building Startup Communities is the Way to Economic Growth and Recovery. And yet, our economic policies espoused by governments and traditional economicdevelopment approaches continue to focus on attracting big businesses. It’s time for a radical rethink in how we do economicdevelopment.
Having spent close on a decade working in and reporting on our small but burgeoning startup ecosystem, and a decade before that “building my chops” in other various entrepreneurial endeavours, I am familiar with the toll that entrepreneurship can exact on founder mental health.
Driving innovation through collaboration to create jobs is the entire reason for being of the public-private consortium of the Oklahoma Center for the Advancement of Science and Technology (OCAST), the Oklahoma Manufacturing Alliance (OMA), the Oklahoma State University New Product Development Center (NPDC) and i2E.
Register Bain & Company, a prominent global management consulting firm, has revealed its plans to acquire the Asia-Pacific division of Rainmaking, a renowned venture-building and startupdevelopment studio. program, a SGD 20 million initiative introduced by the Singapore EconomicDevelopment Board.
After three eventful years , I’m excited to say that my new book— The Startup Community Way: Evolving an Entrepreneurial Ecosystem , with Brad Feld —is officially available to the public today! I learned so much in the process and developed a large number of meaningful relationships along the way that will last a lifetime.
A groundbreaking advancement in electric vehicle (EV) charging technology is set to transform the industry as Greenville-based startup, Advanced Power & Energy, secures a significant investment of $500,000 from the Mercer County Innovation Fund, in collaboration with Ben Franklin Technology Partners of Central & Northern Pennsylvania.
PureLine Putting (Michael Irvin), creators of a revolutionary putting aid for golfers, clinched the runner-up position, walking away with $5,000 to further develop their product. link] The post Two Local Erie Startups win Ben Franklin’s TechCelerator Business Bootcamp first appeared on BFTP/CNP.
SEE FULL SCREEN LEADING INNOVATION AND ECONOMIC RESILIENCE IN PA As we reflect on the remarkable journey of the past year, I am filled with pride and gratitude for the ongoing impact that our program has had in driving economicdevelopment and fostering innovation throughout Pennsylvania. EconomicDevelopment Administration.
a nonprofit dedicated to fostering the growth of startups and entrepreneurs in Oklahoma, is proud to announce surpassing the $100 million mark in total investments. This achievement highlights their continued commitment to driving innovation and economic growth across Oklahoma and beyond. i2E, Inc., Novazyme Pharmaceuticals Inc.
Igniting Startup Ecosystems. What ignites a startup ecosystem? Thriving startup ecosystems are good for the economy, good for society, and good for pretty much everyone. Successful startup communities often grow organically without any deliberate plans or resources. They collaborated. It’s a list and a map.
Does it mean that big tech will always choose to invest in coastal cities, further enriching strong startup ecosystems? But to say that the end result dispels the notion that great companies can start and scale anywhere suggests that startup ecosystems require a big tech outpost to progress. I just don’t believe that to be true.
The unicorns in Michigan demonstrate a fertile startup ecosystem with unlimited opportunities. A couple weeks ago, StockX became the state’s newest in a quickly-growing cohort of unicorns, which includes two other startups that also earned the elite status this year. Acquired by Cisco last year for $2.35
Oklahoma was also the first collaboration for recognized industry greats Richard Rodgers and Oscar Hammerstein. Oklahoma, the play, is a unique story—and not the only unique story of innovation and collaboration with an “Oklahoma” stamp. the OIM is a catalyst for economicdevelopment in rural, regional, and urban economies.
Choo Heng Tong, the Executive Vice President for New Ventures and Innovation, EDB, said delivering sustainability goals is now more pressing as it also presents an opportunity for collaboration across the ecosystem to build and scale climate tech ventures.
Now there is a new book to add to the ecosystem building library — Creating Startup Junkies: Building Sustainable Venture Ecosystems in Unexpected Places by Jeff Amerine and Jeff Standridge. Many ecosystem builders may already be familiar with Amerine and Stanbridge through the Startup Junkies podcast.
As CEO of the nonprofit Digitalundivided, she oversaw the organization’s biennial reports known as ProjectDianne, which tracked the progress of underrepresented women founders in the startup ecosystem. But I also know that there are so many other ways for me to continue serving and collaborating with the ecosystem.
Tara Sabre Collier is an early-stage impact investor with more than 15 years of experience at the intersection of economicdevelopment, social entrepreneurship and impact investment. Over the last five years, Brazil has witnessed a startup boom.
In collaboration with statewide economicdevelopment partners, the DPP team works with site selectors, executives and developers focused on where to locate or grow a business and helps with reviewing potential sites, cost-of-living analyses and funding opportunities, including available tax credits and incentives.
Collaborative research focused on developing the field of ecosystem building would allow the field to identify the principles and practices that are most effective for fostering successful entrepreneurship. I’m about to participate in the Startup Champion Network’s Ecosystem Health Challenge from April through June 2020.
You’ve decided to launch a technology-enabled startup with a positive social impact! Now the bad news: some venture capitallists have a bias against startups with an explicit positive social impact, on the grounds that they have a smaller addressable market, and that the founders are not sufficiently focused on creating shareholder wealth.
(May 1, 2024) – Yesterday, Governor Phil Murphy, Newark Mayor Ras Baraka, and the New Jersey EconomicDevelopment Authority (NJEDA) joined company leaders to cut the ribbon on HAX, LLC’s newly constructed United States flagship headquarters located at 707 Broad Street in Newark. headquarters.
What we found through our research are three essential areas to foster the professional and personal development of entrepreneurial ecosystem builders: Justifying and valuing their work: Building the business case for inclusive ecosystem building through fieldwide metrics . How to measure the impact of people collaborating. Mara Hardy.
Deci , a startup company with 50 employees who are developing a platform to build and optimize AI-powered systems, today announced that it closed a $25 million Series B financing round led by Insight Partners with participation from Square Peg, Emerge, Jibe Ventures, Fort Ross Ventures, and ICON that brings the company’s total raised to $55.1
In doing so, they’re participating in an economic revival that could change the destiny of the depressed Atlantic region. Business writer Gordon Pitts pinpoints 2011 as the game-changing year for the Atlantic startup scene. About 100 companies are created every year in fields as diverse as life sciences, cleantech and ocean tech.
startup has come top with a “decentralized workspace” idea which it plans to roll out across the U.K. Patch will take empty local high street shops and turn them into “collaborative cultural spaces” with its “Work Near Home” proposition aimed at traditional commuters. Now, a new U.K. Grays Yard.
The Kauffman Foundation’s ESHIP Goal 3 recognizes this as an ongoing challenge, stating, “Strong collaboration will require alignment on our desired outcomes for ecosystem building and a common terminology for this work. They bring people together to share insights, experiences, and stories and to collaboratively problem solve.
Tom Wolf today announced that his proposed 2020-21 General Fund budget will include a $5 million increase for the Ben Franklin Technology Development Authority (BFTDA), which funds the statewide Ben Franklin Technology Partners initiative, one of the most widely known and emulated state technology-based economicdevelopment programs in the nation.
Register South Korea’s largest accelerator program for foreign startups, K-Startup Grand Challenge (KSGC) , is accepting applications for its 2022 edition. month all-paid residency program invites global startups to participate in this program known as an entry point for business in the Asian market. Besides the 3.5-month
Providing additional assistance throughout the site search and other location processes was Bill Pfaff , director of economicdevelopment for Sussex County. “We DPP advances a culture of innovation in Delaware, working with innovators and startups to connect them with resources and showcase their successes.
NJ FAST is the fourth Strategic Innovation Center in the state and will support research and development, innovation, and entrepreneurship in the Fintech and Insuretech Sectors HOBOKEN, N.J. The Strategic Innovation Center (SIC) will serve as a hub for financial technology (fintech) and insurance technology (insuretech) startups.
LEADING INNOVATION AND ECONOMIC RESILIENCE IN PA As we reflect on the remarkable journey of the past year, I am filled with pride and gratitude for the ongoing impact that our program has had in driving economicdevelopment and fostering innovation throughout Pennsylvania. EconomicDevelopment Administration.
in income replacement grants and mentorship to first-time entrepreneurs, creating 10 new businesses and helping fuel innovation in strategic sectors The New Jersey EconomicDevelopment Authority (NJEDA) today announced the inaugural cohort of the New Jersey Innovation Fellows (NJIF) program.
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