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

Growing Oklahoma’s Entrepreneurial Economy

Tom WalkerCEO & President

Innovation EconomyMaking Place MatterJune 14, 2011

First in Tech Job Growth

#2 for Small Business Vitality "Ranking

4th Best City to Get a JobFebruary 1, 2011

April 11, 2011

January 6, 2011

December 7, 2010

Fifth on Forbes: “America's Best Job Markets”

Kauffman Index of Entrepreneurial Activity- Oklahoma the most active for entrepreneurial activity

MissionNurturing entrepreneurs…

building high growth companies in Oklahoma

i2E Impact Since 2000

Best Practices

2010 Excellence in Technology-based Economic Development

Increasing Access to Capital

2010 Standards for Excellence second Oklahoma non-profit organization

2009 Best Practices Award Tech-based Economic Development for comprehensive commercialization services

2008 Entrepreneurship Summitrecognized as a principal source of high value-added human & intellectual capital

2011 Recognized as a leader in the Venture Development Market

…providing resources at critical stages

…a catalyst for growth by providing Venture expertise.

i2E Portfolio Oklahoma is primed for start-ups

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

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

Staged Approach

…growing companies and investment resources through targeted Access to Capital initiatives.

Proof-of-Concept110 Companies;

55% Survival Rate38% Financed

by Paybacks$9.5MM Leveraged $250MM in Private

Investment

Seed Fund $17MM7 Companies 14 Rounds

$4MM Leveraged $18MM in Private

Investment

SeedStep Angels20 in OKC7 in Tulsa 4 Deals Targets group in 400

mile driving radius

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

Fulltime Management

Deal Flow Infrastructure

OKC and Tulsa Chapters

Routine Deal Meetings

4 deals closed

3 in Due Diligence

i2E Investor Initiatives

Power of Angel Investing

EinR Angel Networking

VentureSource Research

Investor Competition

Catalyst for Organized Capital

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

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

Media and Publications

Partners