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BANSEM Asset Map: Strengthening Entrepreneurial Eco-System in Southeast Michigan

An overview submitted to Crain’s Detroit, informing leaders on leveraging BAN capabilities for sustainable companies. Identifies gaps in service activity, strengths network, and showcases regional profile and seed investments.

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BANSEM Asset Map: Strengthening Entrepreneurial Eco-System in Southeast Michigan

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  1. Business Accelerator Network of Southeast Michigan (BANSEM) Asset Map Overview Submitted to Crain’s Detroit – 3.21.11

  2. Purpose of BANSEM Asset Mapping Inform and guide leaders on leveraging and optimizing BAN capabilities to enable creation of sustainable companies Critical step in building a strong entrepreneurial eco-system in Southeast Michigan

  3. Objective of Asset Map Project • Provide a tool to identify gaps and overlaps in service activity and strategy • Inform recommendations of how to strengthen network • Leverage existing asset mapping efforts in State/region • Internal document for use by regional accelerator network – not a public tool

  4. Data Collection Partners • Ann Arbor Spark Staff and Volunteer Mentors • Automation Alley Staff and Volunteer Mentors • TechTown Staff and Volunteer Mentors • Macomb-Oakland Staff • MORE Project Team* * Partnered with Kauffman to collect all program and services data from incubator personnel

  5. Asset Mapping Scope

  6. BAN has over 500 individuals supporting entrepreneurs Charts based on actual numbers from BAN resources

  7. Regional Profile • Serves clients in all stages of startup business life cycle (Davies, 2009) • IT, Life science, Alternative energy, Manufacturing, Defense and Homeland security, Tech Services, Non-tech services*, and Creative arts* • Scalable high growth and micro-business models • Startup and established companies • Novice, intermediate, and advanced level entrepreneurs *TechTown only

  8. BAN has high amounts of incubation, lab, and event lease space • Combined, over 200,000 sq-ft active space for use by companies • Affordable office space with business amenities • Wet/dry labs • Conference rooms • Event space *120,000 sq-ft Tech-Two (scheduled to be fully operational by 1Q2011)

  9. BAN has a broad client base • 327 tenants • Approximately1,400 clients receiving education or acceleration support in a year • 68% through novice-based educational programming funded by NEI • 32% regional acceleration services and workshops • 966 members • At least 15,150 event attendees in 2009*

  10. BANSEM Seed Investments • $17.32 Million reported as invested since 2007 • 339 companies, attracting $101 Million additional investment • IT, Life Science, Clean Energy areas of focus (primarily) • County & State Microloan programs, Incubator funds, and State Pre-Seed fund • Approximate Investment Ratio of 6:1

  11. Distinctions and opportunities

  12. BANSEM has all sectors covered just needs work on more porous boundaries

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