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Martin Babinec & Nasir Ali Business Incubator Association of NYS – June 11, 2010

Martin Babinec & Nasir Ali Business Incubator Association of NYS – June 11, 2010. New York has formidable tech assets . Upstate Venture Capital not in proportion with our region’s assets. Venture Capital Investment 1999 to 2007. 12 Other Markets $98B. Silicon Valley $109B. Upstate NY

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Martin Babinec & Nasir Ali Business Incubator Association of NYS – June 11, 2010

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  1. Martin Babinec & Nasir Ali Business Incubator Association of NYS – June 11, 2010

  2. New York has formidable tech assets

  3. Upstate Venture Capital not in proportion with our region’s assets Venture Capital Investment 1999 to 2007 12 Other Markets $98B Silicon Valley $109B Upstate NY $1B Philadelphia Metro $9B NY Metro $28B California outside of SV $32B New England $39B Martin Babinec presents “Upstate Perspective on Lessons from Silicon Valley” Colorado $10B 3 Source: PWC Moneytree

  4. Private capital backed companies are creating the kind of jobs sought by top talent Source: National Venture Capital Association

  5. NY’s innovation assets not fulfilling potential to drive economic growth and/or retain top talent

  6. Beneficiary of being in the right ecosystem

  7. Upstate’s industrial cultural legacy: Barrier to new economy innovation

  8. New York has substantial innovation economy assets - but they are dispersed and disconnected

  9. Entrepreneurial hubs are characterized by high degrees of visibility and connectivity Role models/peers Experienced mentors Talented people Growth capital Strategic partners New markets www.uvc.org

  10. UVC Vision: Reduce friction involved with linking entrepreneurs to resources who want to help them

  11. UVC’s VCONNECT web-based platform will link regional entrepreneurship clusters to a globally accessible mega-community ROCHESTER Vconnect ITHACA Venture News SYRACUSE Venture Events Syndication Venture Supporters Venture Jobs Upstate Alumni & Expatriates Venture Talent Venture Metrics Venture Entrepreneurs Mentor Intros Angel/VC Intros UVC Regional Entrepreneurs in Residence (EIRs) Mentors & Angels Partner Intros

  12. Accelerating transformational change by fostering:1000 Startups in 2000 Days

  13. Increasing the volume of capital efficient startups

  14. Vision for expanding network via Universities 500,000/yr X 20!

  15. UVC Announcing Founding Partner Relationships

  16. UVC .org will push content to incubator partners

  17. Key Goal: Building a network of qualified mentors

  18. The talent is here – it’s up to us to build the ecosystem if we’re going to mine what we have Martin Babinec presents “Upstate Perspective on Lessons from Silicon Valley”

  19. 1000 Startups in 2000 Days – Join Us! • For a copy of this deck: • 1. Register at www.UVC.org • 2. E-mail: MaryLou@UVC.org Martin@UVC.org Nasir@UVC.org Martin Babinec presents “Upstate Perspective on Lessons from Silicon Valley”

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