Introducing Activating Local Communities - Slide Deck

7/29/2019 Introducing Activating Local Communities - Slide Deck

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A joint initiative of THE WHITE HOUSE | MICROSOFT | AMERICA21

THE ACTIVATING LOCAL INNOVATION COMMUNITIES (ALC) INITIATIVE


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THE CHALLENGEIn order to keep pace with a rapidly growing global innovation

economy, the U.S. needs to respond with effective solutions.

80%

Percentage of jobs

in the next decade

that will require

technical skills.

U.S. rank among developed

nations for the proportion of

college students receiving

undergraduate degrees in

science or engineering.

27th

2

10

13

Source: World Intellectual Property Organization, 2012

The U.S. ranks 10th in the world for Global Innovation.

GLOBAL INNOVATION RANKINGS

1. Switzerland

2. Sweden3. Singapore

4. Finland

5. United Kingdom

6. Netherlands

7. Denmark

8. Hong Kong (China)

9. Ireland

10. United States


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THE CHALLENGEHow do we engage an increasingly diverse U.S. population to

take part in the innovation economy?

1%Percentage of Black

entrepreneurs that received

tech investments in 2010.

Racial Composition of VC-Backed

Founders vs. Census(Jan 30-June 2010)Source: CB Insights

White Black Asian

77%

87%

11%

1%4%

12%

U.S. Population

(18+)

Founders

Blacks and Latinos make up less than 3%

of the entire Silicon Valley tech

workforce, and less than 1% of all tech

start-up entrepreneurs.


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WHY DOES IT MATTER?As the countrys demographics shift so, too, should access to

opportunities for minorities.

The U.S. is becoming a majority-minority country.

By 2050, minorities will make up

54% of the population.Source: 2011, U.S. Census Bureau

U.S. Cities(Source: McKinsey Global Institute)

10%

Percentage of global GDP

that will come from large

U.S. cities by 2025.

80%of the U.S. population

lives in large cities.

85%of U.S. GDP was generated by 256

large cities in 2010.


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WHAT IS THE SOLUTION?We need to develop strong public-private partnerships to create a robust

STEM pipeline of skilled workers and entrepreneurs to drive urban economic

growth. The three main elements needed for this to be successful include:


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THE PARTNERSThe Activating Local Innovation Communities initiative (ALC) is a public-private

partnership between the White House, Microsoft Research and America21 which

will be a catalyst for making Americas cities vibrant and inclusive centers of

innovation and entrepreneurship. The ALC will connect STEM talent in diverse

communities to opportunities in the rapidly growing innovation economy.


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America21S TRACK RECORDOver the past two years, America21 has actively promoted the ALC

Initiative through related events such as:

Screenings of the CNN Documentary, The New Promised Land:

Silicon Valley(with Soledad O'Brien) in Portland, OR; San Francisco, CA;

and Newark, NJ

Gathering of Angels November, 2011 in partnership with Rutgers

Business School and the Center for Urban Entrepreneurship and

Economic Development (CUEED)

MBEC May, 2012 Minority Biomedical Entrepreneurship

Conference in partnership with BioEnterprise in Cleveland, OH

Closing the Wealth Gap September, 2012 in partnership with

Emerging Technology Consortium (ETC) and OpenGovernment TV


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WHAT DOES THE FUTURE OF URBANINNOVATION LOOK LIKE?

#1The U.S. ranks first in

global innovation.

2xThe number of

angel-backed

minority tech

companies.

4%Increase in urban GDP

within five years.

2 millionnew tech jobs

10xIncrease in

minority tech

start-ups

8%Increase inSTEM

graduates


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WHAT DOES THE URBANINNOVATION ECOSYSTEM LOOK LIKE?

Diverse

individuals

nonprofitsInnovators &

entrepreneur

s

schools

businesses

Community

organizations

Local, State and

Federal

Government

Urban

Innovation

Index

Consulting

Urban

Innovation

EXPO

Online

Media

National

Programs

Microsoft

Tools

White HouseInitiatives

Urban Innovation

Roundtables


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10xIncrease in flow

of capital toSTEM programs

of entrepreneurs from diverse

backgrounds receive access

to capital investments.

20%

OUTCOMESThe ALC Initiative is ambitious and focused. Over the next three

(3) years, we anticipate the following outcomes:

2031

Cities

Urban Innovation

Summits

Online Platform


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+ Minority TechEntrepreneurs

+ STEM Workforce

+ Capital =

INNOVATION

Patrick [email protected]

646.835.9956
mailto:[email protected]:[email protected]:[email protected]

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Introducing Activating Local Communities - Slide Deck