© 2008 by the Ewing Marion Kauffman Foundation. All rights reserved. © 2008 by the Ewing Marion Kauffman Foundation. All rights reserved.

The Economic Future Just Happened

Monica Doss, Director

Ewing Marion Kauffman Foundation

© 2008 by the Ewing Marion Kauffman Foundation. All rights reserved.

Torture the numbers and they will confess

© 2008 by the Ewing Marion Kauffman Foundation. All rights reserved.

Strategic Approach to Entrepreneurial Ecosystem

Integrated: Focus on the entire entrepreneurial ecosystem

(innovation, commercialization, entrepreneurship, capitalization)

Resist or correct fragmentation and scattering of resources

Context is king

Iterative: Get going and start learning. Adapt to evidence you

gather and market signals

Speed matters

By definition a volatile endeavor

Resist the curse of success

Networked: build extensive high-value add networks of human

capital and resources

The right mentor with the right network at the right time.

Scale to the opportunity

© 2008 by the Ewing Marion Kauffman Foundation. All rights reserved.

Successful E Strategies

Dominant, demanding, risk tolerant culture

Evidence driven, leapfrogging

REALLY collaborative, transparent and open

Based on stage appropriate and forward facing capital

strategies

Contextual – globally and regionally

Entrepreneur focused

Take the Long View

© 2008 by the Ewing Marion Kauffman Foundation. All rights reserved.

Want to know what’s important to

entrepreneurs? Ask them.

© 2008 by the Ewing Marion Kauffman Foundation. All rights reserved.

Dynamic Needs of Entrepreneurial

Communities

Dynamic and Evolving Entrepreneurial Communities

© 2008 by the Ewing Marion Kauffman Foundation. All rights reserved.

© 2008 by the Ewing Marion Kauffman Foundation. All rights reserved.

Contacts for more information

Monica Doss, mdoss@kauffman.org

E.J. Reedy (research), ejreedyt@kauffman.org Studies

“On the Road to an Entrepreneurial Economy: A Research and Policy Guide”

www.kauffman.org/items.cfm?itemID=770

“Entrepreneurship and Urban Success: Toward a Policy Consensus”

www.kauffman.org/items.cfm?itemID=1013

Websites

Kauffman.org

Entrepreneurship.org

Entrepreneurship Research and Policy Network

www.ssrn.com/erpn/index.html

Growthology

www.growthology.org/

© 2008 by the Ewing Marion Kauffman Foundation. All rights reserved.

EDUCATION- FastTrac to the Future

Series1, Education, 0, 0%

Less Than High School Diploma

2% High School

Diploma or Equivalent

4%

Series1, Education Some College, 338, 28%

Series1, Education Bachelor's

Degree, 372, 30%

Master's Degree 27%

Series1, Education

Advanced/Professional Degree, 88,

7%

Series1, Education

No Answer, 31, 2%

© 2008 by the Ewing Marion Kauffman Foundation. All rights reserved.

RACE/ETHNICITY- FastTrac to the Future

African-American/Black

45%

Caucasian/White

27%

Hispanic/Native American/Asian/

No Answer 28%

© 2008 by the Ewing Marion Kauffman Foundation. All rights reserved.

Gender- FastTrac to the Future

Series1, Female, 564,

46% Series1, Male,

557, 46%

Series1, No Answer, 99,

8%