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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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Bend rotary september 25 th 2013

Bend Rotary : September 25th 2013

The third leg: Entrepreneurship in Central Oregon


The third leg of edco
The third leg of EDCO

  • Recruitment

  • Retention

  • Entrepreneurship


Venture catalyst manager
Venture Catalyst Manager

Why important?

  • With few large employers in Central Oregon, entrepreneurship is critical for job growth




Money and advisory services
Money and Advisory Services

Startup Growth Sustainability

Courtesy Pat Scruggs


Venture catalyst manager1
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


1 connecting the dots
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


2 venture catalyst programs
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


2 venture catalyst programs1
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


2 venture catalyst programs bend venture conference process
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


3 create build infrastructure
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



Central oregon seed fund 2013
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)


Cascade angels 2013
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





The third leg vcm
The Third Leg: VCM

  • Funding—thank-you!

    • Bank of the Cascades

    • Deschutes County

    • City of Bend

    • EDCO



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