Three Keys to Growing Entrepreneurial Communities

• From the Global Entrepreneurship Monitor (GEM, over 10 years of study;~80 countries)

• #1. People believe they are personally prepared to be entrepreneurs – they SEE themselves as truly entrepreneurial.

• IDAHO's Status? K-12 & CC's with growing potential (universities has loooong way to go). Non-school programs also high potential

• NEEDS: World-class education broad/deep across the state & citizens that focuses on growing mindset not skills

• The “ask”: Get started! Start with K-12 and CC's (eg, IDLA, IEN, Ice House, Lean Launchpad

Three Keys to Growing Entrepreneurial Communities (2)

• From the Global Entrepreneurship Monitor (GEM, over 10 years of study;~80 countries)

• #2. Local social & cultural norms are seen by entrepreneurs as supportive

• Idaho's Status: We're a great small business state but not yet an “entrepreneurial” state -but it's within reach

• Needs: More communication/conversation with entrepreneurial community → better maps of ecosystem; strategic intent (commitment)

• The “ask”: Rigorously surveying & mapping the ecosystem, listening session, regular forums; informal engagement. Work the media better

Three Keys to Growing Entrepreneurial Communities (3)

• From the Global Entrepreneurship Monitor (GEM, over 10 years of study;~80 countries)

• #3. Ease of doing (& starting) business• Idaho's Status: A real strength for Idaho! Not perfect (eg, biz

property tax) but we listen

• Needs: We can always get better at connecting our businesses (again, maps & surveys). Teach communities to do even better; help them grow connectors. Ties into #2

• The “ask”: Again, help our firms understand the ecosystem & competitive arenas so they can connect better (maps, surveys, listening sessions). Cutting-edge training for communities to support businesses.