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Growing Oklahoma ’ s Entrepreneurial Economy

Growing Oklahoma ’ s Entrepreneurial Economy. Tom Walker CEO & President Innovation Economy Making Place Matter June 14, 2011. January 6, 2011. Fifth on Forbes: “America's Best Job Markets”. #2 for Small Business Vitality "Ranking. April 11, 2011.

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Growing Oklahoma ’ s Entrepreneurial Economy

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  1. Growing Oklahoma’s Entrepreneurial Economy Tom Walker CEO & President Innovation Economy Making Place Matter June 14, 2011

  2. January 6, 2011 Fifth on Forbes: “America's Best Job Markets” #2 for Small Business Vitality "Ranking April 11, 2011 Kauffman Index of Entrepreneurial Activity- Oklahoma the most active for entrepreneurial activity 4th Best City to Get a Job February 1, 2011 First in Tech Job Growth December 7, 2010

  3. Mission Nurturing entrepreneurs… building high growth companies in Oklahoma

  4. i2E Impact Since 2000 Companies Assisted 500 Products Launched 390 Portfolio Jobs 1500+ Average Wage $65,202 2010 Revenues $200MM Total Invested by i2E $15MM Additional Funds Leveraged $665MM Student Entrepreneurship $1MM

  5. Best Practices 2008 Entrepreneurship Summit recognized as a principal source of high value-added human & intellectual capital 2009 Best Practices Award Tech-based Economic Development for comprehensive commercialization services 2010 Excellence in Technology-based Economic Development Increasing Access to Capital 2010 Standards for Excellence second Oklahoma non-profit organization 2011 Recognized as a leader in the Venture Development Market

  6. …providing resources at critical stages

  7. …a catalyst for growth by providing Venture expertise.

  8. i2E Portfolio Oklahoma is primed for start-ups Deal Flow#’s Inquiries 250 Initial Meeting 100 New Clients 25 Companies Positioned $ 25 Investment Pipeline 10-15 Concept Funding Pipeline 7-10 Seed Funding Pipeline 3-5

  9. …increasing the capacity of start-ups through Entrepreneurial Development.

  10. Entrepreneur in Residence (EinR) • Provide access to seasoned entrepreneurs and investors • Build bridges with other entrepreneurial regions • Lead EinR- Bill Payne

  11. …growing companies and investment resources through targeted Access to Capital initiatives. Staged Approach Proof-of-Concept 110 Companies; 55% Survival Rate 38% Financed by Paybacks $9.5MM Leveraged $250MM in Private Investment Seed Fund $17MM 7 Companies 14 Rounds $4MM Leveraged $18MM in Private Investment SeedStep Angels 20 in OKC 7 in Tulsa 4 Deals Targets group in 400 mile driving radius

  12. SBIR/STTR Services • Supports Manufacturers • Increase quality and number of SBIR Awardees • Improve the success of Phase I to Phase II • Reinforce commercialization strategy • Serve 10 new companies • Create 4 collaborations

  13. Catalyst for Organized Capital i2E Investor Initiatives Power of Angel Investing EinR Angel Networking VentureSource Research Investor Competition • Fulltime Management • Deal Flow Infrastructure • OKC and Tulsa Chapters • Routine Deal Meetings • 4 deals closed • 3 in Due Diligence

  14. i2E Portfolio attracts Regional Investment • $665MM Follow on Funding • 55% Concept Fund Investments still in business since 1998 • 10 companies raised more than $.5MM in follow on investment in 2010 • $425MM of Private Capital in more than 345 financing rounds Funding SourceAmount Venture Capital $316,209,986 Angel $109,317,970 Corporate $143,365,468 Grants $81,294,646 Seed/TBFP $13,491,832 Banks/Lending $1,318,000 Total $664,996,902

  15. Office of Entrepreneur Development • Promote high growth entrepreneurship in region • Enhance entrepreneurial networks and programs • Angel/Entrepreneur Networking Events • Entrepreneur Training Events • Impact availability of risk capital • SBIR Program • Investor Competition

  16. Media and Publications

  17. Partners

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