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Business Innovation Zone

Business Innovation Zone. Mike Colwell Executive Director Business Innovation Zone 700 Locust St.  Suite 100 Des Moines, IA 50309 515-286-4915 mcolwell@desmoinesmetro.com. Iowa, Entrepreneurs and their needs. Iowa: An avenue for Iowans to start and grow high impact businesses

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Business Innovation Zone

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  1. Business Innovation Zone Mike Colwell Executive Director Business Innovation Zone 700 Locust St.  Suite 100 Des Moines, IA 50309 515-286-4915 mcolwell@desmoinesmetro.com

  2. Iowa, Entrepreneurs and their needs • Iowa: An avenue for Iowans to start and grow high impact businesses • Entrepreneurs: • Mentoring and professional development • Assistance in developing business strategy and plans • Connections to key partners

  3. The environment for the entrepreneur • With corporate benefits shrinking and job security evaporating, the risk of striking out on one’s own is decreasing compared with the risk of staying on • Current environment makes it easier to attempt and fail at entrepreneurship. Many companies see great value in these experiences

  4. The BIZ Mission Mission: The Business Innovation Zone of Central Iowa supports the creation and expansion of high impact businesses through direct mentoring and connections to an extensive network of resources. We exist to improve the probability of success for Iowa entrepreneurs and businesses.

  5. Formation of the BIZ • Founding partners: • Sponsors:

  6. Client Benefits of The BIZ • Mentoring, consulting and counseling • Referrals to qualified, select business partners • Education on and access to capital • Networking with like minded persons • Select long term development engagements

  7. BIZ Client Process • Rate 5 key attributes • Strategic fit of product or service • Business plan • Proper talent • Leadership • Adequate capital • Create action plan to address areas of opportunity

  8. Uniqueness of the BIZ • Long Term Development Program for highest potential clients • Independent • Depth and breadth of partner network • Reasonable cost • $200 for individual • $1000 for companies < 50 employees • $2500 for companies > 50 employees

  9. Partner: Qualified referrals with high potential clients Point of referral for clients in need of mentoring Network with a large and diverse group of entrepreneurs Sponsor Exposure to and referrals for potential customers Opportunity to showcase work Network with a large and diverse group of entrepreneurs Benefits of the BIZ • Investor: • Early look at high potential business and business concepts • A place to send under-developed business ideas

  10. Call to action • Direct entrepreneurs to the BIZ • First meeting is free • Partnering with the BIZ • Sponsor the BIZ • Become a mentor • Join us! Thank you!

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