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The third leg: Entrepreneurship in Central Oregon

Bend Rotary : September 25 th 2013. The third leg: Entrepreneurship in Central Oregon. The third leg of EDCO. Recruitment Retention Entrepreneurship. Venture Catalyst Manager. Why important?. With few large employers in Central Oregon, entrepreneurship is critical for job growth.

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The third leg: Entrepreneurship in Central Oregon

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  1. Bend Rotary : September 25th 2013 The third leg: Entrepreneurship in Central Oregon

  2. The third leg of EDCO • Recruitment • Retention • Entrepreneurship

  3. Venture Catalyst Manager Why important? • With few large employers in Central Oregon, entrepreneurship is critical for job growth

  4. The Garden: An Entrepreneurial Ecosystem

  5. The Funnel: Lots of ideas but fewsuccessful companies

  6. Money and Advisory Services Startup Growth Sustainability Courtesy Pat Scruggs

  7. Venture Catalyst Manager Connecting The Dots: Support scalable startups in the traded sector to access financial and human resources EntrepreneurPrograms: Run EDCO’s programs for entrepreneurs: Stable of Experts, PubTalks, Bend Venture Conference Create/Build Infrastructure: Strategic goal to develop and support long-term infrastructure

  8. 1.Connecting the Dots • Target Companies • Export/Traded sector • Scalable: the pizza parlor vs. an innovation to help all pizza parlors • All sectors: tech, consumer, you name it! • Is it innovative? Does it solve a real problem? • Connecting the dots: access to human and $$ capital • Nearly 200 meetings with entrepreneurs last year

  9. 2.Venture Catalyst Programs • Pub Talks • Very popular casual event that highlights start-ups • Opportunity for start-ups to get exposure and experience • Held 8 times a year through-out the region • Average attendance this year 105 vs. 77 last year

  10. 2.Venture Catalyst Programs • Stable of Experts: mentors on demand • Currently 90 mentors; up from 62 in 2011 • 66 referrals made in last fiscal year • Broad array of pro-bono expertise • Grow Oregon partnership with SBDC • Other resources

  11. 2. Venture Catalyst ProgramsBend Venture Conference: Process BendBroadband Award Pub Talk 5 finalists Concept Stage Upstart Day Investor Due Diligence 5 meetings 5 finalists Launch Stage LLC Investment

  12. 3.Create/Build Infrastructure • Bend Venture Conference • Pub Talks • BVC Concept Stage Award • BVC Up Start Day • Revitalized Tech Alliance • Start-Up Weekend • CRAFT3– non profit CDIF lender • FoundersPad—tech accelerator

  13. FoundersPad

  14. Central Oregon Seed Fund (2013) • Provide small amounts of capital ($25k-$250k) • Mentoring linked to specific milestones • Support for early stage companies (bridging the investment gap from earliest stage to growth stage) • Minimum of 90% of investable dollars dedicated to rural Oregon (defined here as outside of Portland metro)

  15. Cascade Angels (2013) • Angel fund based on Bend Venture Conference principals • Angel driven • Year round investing • Like BVC broad range of potential companies • 30 investors have either expressed commitment or strong interest in investing

  16. The Central Oregon Ecosystem

  17. The Central Oregon Ecosystem

  18. The Central Oregon Ecosystem

  19. The Third Leg: VCM • Funding—thank-you! • Bank of the Cascades • Deschutes County • City of Bend • EDCO

  20. Venture Catalyst Manager Thank You

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