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© 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, [email protected]
E.J. Reedy (research), [email protected] 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%