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PIPELINE. “ I see governments from all over the world ask how do we create new innovations at MIT, and they don ’ t get it. PIPELINE on the other hand really gets it and is moving at high speed to implement it. ” ---Joe Hadzima, MIT Global Enterprise Forum. PIPELINE.
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PIPELINE “I see governments from all over the world ask how do we create new innovations at MIT, and they don’t get it. PIPELINE on the other hand really gets it and is moving at high speed to implement it.” ---Joe Hadzima, MIT Global Enterprise Forum
PIPELINE A proven, nationally recognized program to identify, train, mentor, and connect the highest potential entrepreneurs in the region Organized around a one year immersion experience for classes of 10 – 15 entrepreneurs
History Founded by economic development (KTEC) Overlay on robust set of tools Issue at time was identifying, training and maintaining talent (Founders/leaders)
Program Growth 5 years in Kansas Kauffman conversations to scale early on High entrepreneur satisfaction Demand for program Kauffman grant – pilot 3 years multi state
Basics Modules Mentors Local, Regional & National Resources Peer/alumni focus
Lessons Learned NETWORK NETWORK NETWORK Peer magic – glue for each other and region Access to capital – killer Real time assistance, constant adaptation Fundamentals, however, matter Entrepreneurs = Leaders for the region
Case Study #1 Grew company from 2 to 25 organically Raised 2 rounds of funding Exited to private equity Rolled up 2 other companies (70 employees) Reinvested money from exit in two companies from PIPELINE Started new venture in 2012
Case Study #2 • #64 fastest growing company in U.S. (Inc 500) • Fastest growing company in Kansas City • 3-year growth: 3389% • Grew from $224k to $7.8 million • Grew from 5 to 35 employees
Case Study #3 • Started a company with 2 people and post PIPELINE grew to 85 employees (science based) • Acquired an additional business line 3 months post PIPELINE • 2 years later bought out a partner with investment from an European publicly traded company • Partial exit funds invested in 2 other small local companies • Now in the process of starting a new venture with 2 other PIPELINE colleagues
PIPELINE Leadership • Joni Cobb - Founding President and CEO • Michael Beckloff – Chairman of the Board • Current CEO of Beckloff, Associates, Inc. • (wholly owned subsidiary of Cardinal Health) • Named Top 100 Life Science Leaders in US
National Advisors • Ali Andalibi National Institutes of Health, Washington D.C. • Alec Dingee Founder, MIT Venture Monitoring Service, Cambridge, MA • Joe Hadzima Former Chairman MIT Global Enterprise Forum, Cambridge, MA • David Wilhelm Woodland Venture Management, Columbus, OH • Tom B. Pickens, III Astrotech, Austin, TX • Chris Bernard Microsoft, Chicago, IL • Clare Fairfield Concerto Advisors, Iowa City, IA • Chris Shipley GuideWire Group, San Francisco, CA • Cliff Reeves Microsoft Emerging Business Team, Redmond, WA
Contact pipelineentrepreneurs.com For more information contact: Joni Cobb President & CEO PIPELINE jcobb@pipelineentrepreneurs.com (913) 219-1199