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What are some of the ways Vermont can strengthen our entrepreneurial ecosystem? How is the Agency of Commerce providing support today? What concrete steps can Vermont towns take to cultivate a startup community? A few ideas presented to the Better Middlebury Partnership, where a vibrant community is taking shape.
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Startup Stories and the NewVermont Economy
PRESENTATION TOTHE BETTER MIDDLEBURY PARTNERSHIP
April 16, 2014
SPORTS AND RECENERGY AND ENV
MANUFACTURINGFOOD PRODUCTS
BIOSCIENCESWEB SERVICES
“Between the Tigris of I-91 and the Euphrates of Rt 7”
STARTUP COMMUNITIES
Places where the conditions are favorable to the spread of ideas and business formation.
* Brad Feld, Startup Communities: Building an Entrepreneurial Ecosystem in Your City
STARTUP COMMUNITIES
Led by entrepreneurs.
STARTUP COMMUNITIES
Led by entrepreneurs.Long-term commitment.
STARTUP COMMUNITIES
Led by entrepreneurs.Long-term commitment.Philosophy of inclusiveness.
STARTUP COMMUNITIES
Led by entrepreneurs.Long-term commitment.Philosophy of inclusiveness.Engage entrepreneurial stack.
VERMONT’S OPPORTUNITY
Montreal ~ Games & Visual Effects
New York ~ Film & New Media
Massachusetts ~ Biotech & Energy
New York ~ Nanotech & Optics
Community Colleges of Vermont
Vermont State Colleges
Economic GrowthIncentive
Procurement TechnicalAssistance
Growth support
Startup finance and support
Idea generation and concept development
The ecosystem is the conversation...
HOW THE AGENCY OF COMMERCESUPPORTS THE STACK
OCE SPONSORSHIPS
18 events11 towns statewide$18,000 disbursed$350,000 in expenditures
HOW THE AGENCY OF COMMERCESUPPORTS THE STACK
31 projects21 communities$2,000,000 in credits$18,000,000 leveraged
DOWNTOWN TAX CREDITS
HOW THE AGENCY OF COMMERCESUPPORTS THE STACK
83 awards37 companies$387,000 approved
STEM INCENTIVE
HOW THE AGENCY OF COMMERCESUPPORTS THE STACK
519 contracts83 companies$73,822,954 in awards
PROCUREMENT TECHNICALASSISTANCE
HOW THE AGENCY OF COMMERCESUPPORTS THE STACK
37 approved/active applications$33,709,818 in incentives authorized$546,615,638 capital investment6,145 new jobs projected
VERMONT EMPLOYEE GROWTHINCENTIVE
HOW THE AGENCY OF COMMERCESUPPORTS THE STACK
FEEDING THE STACK
• Young entrepreneurs orgs• Office hours• Tech meetups• Coffee clubs• Startup weekend• Ignite, pitching• Mentor marketplace
• Welcome mat, road map• Beta days• Startup digest• New venture challenge• Startup week• Entrepreneurs foundation• Accelerators
@VermontOCE
facebook.com/vermontoce
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instagram.com/vermontoce
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Thank You!Lars Hasselblad Torres
