Tools for the New Rural Entrepreneurship

Entrepreneurial Tools for a NewRural Economy

PRESENTATION TOPARTNERS FOR RURAL AMERICA

June 2, 2014

Background

Context

Tools

Background

“Between the Tigris of I-91 and the Euphrates of Rt 7”

Context

Community Colleges of Vermont

Vermont State Colleges

HighestNumber of Colleges, UniversitiesPer Capita

MontrealGames & Visual Effects

New YorkFilm & New Media

MassachusettsBiotech & Energy

New YorkNanotech & Optics

Surroundedby strong innovationmarkets

Albany ~ 1M

Montreal ~ 2.5M

Boston ~ 4.5M

New York City ~19M

Market of 80M within aOne Day Drive

Economic GrowthIncentive

Procurement TechnicalAssistance

Growth support

Startup finance and support

Idea generation and concept development

The ecosystem is the conversation...

Tools

Coworking

Competitions

Crowdfunding

Coworking is an answer to the question,How can we help entrepreneurs and creatives connect, grow their ventures, and foster startup communities?

Creative density

Foster collaboration

Break isolation

Lower entry costs

Benefits are

3-5 coming online in the next 6-12 months

Crowdfunding facilitates the flow of risk-tolerant financing toward startup ideas and creative projects.

Idea marketplaces

Benefits are

Lower transaction costs

Build markets

Lower individual risk

Benefits are

Award innovations for past achievement, stimulate new thinking, or stimulate and test new solutions to problems, generating new products and companies.

Competitive stimulation

Expose new actors

Strengthen networks

Benefits are

Reward achievement

Activate partners

Thank You!Lars Hasselblad Torres

[email protected]

@VermontOCE