2015 @jaxcoe innovation community conference

Northeast Florida Entrepreneurial Resources

By Carlton L. RobinsonJAX Chamber

“Every community has a significant pool of gifted and available entrepreneurs in search of opportunities to pursue. The challenge facing them is not just finding something, but finding the right thing. Some are actively searching; others aren't activated until that ideal opportunity appears.”

Question: What resources are needed to improve the Northeast Florida Entrepreneurial Ecosystem?

The JAX Chamber is certified by the National Center for Economic Gardening/Edward Lowe Foundation

Jacksonville is part of a national support network through the work of the SBDC at the University of North Florida

Small Business Administration District Office The home of One Spark (Entrepreneurial Festival)

Over 25 public organizations with programs and support services dedicated to entrepreneurs:http://www.jaxsmallbizhelp.org

Ranked #1 in the state for small business friendliness (Kauffman, 2013)

Thousands of for profit companies who have the capability to support entrepreneurs during growth and development stages

Jacksonville is ranked #6 for tech jobs (Forbes, 2013)

Jacksonville is a part of a global network through Startup Weekend

Jacksonville is one of 10 best cities for finding a job (Forbes, 2013)

Growing opportunities for coworking, incubators, and accelerators

Home to thousands of successful entrepreneurs and investors

Jacksonville is an entrepreneurial community

http://www.jaxsmallbizhelp.org/

Entrepreneurial Growth Division (Stage 0-2) JAX USA Partnership (Stage 3-4)

In the Jacksonville, FL (MSA) businesses contribute to economic development in four ways .(Edward Lowe Foundation, 2010):

Stage 0: 1 Stage 1: 2-9 Stage 2: 10-99$1m-$49mil

Stage 3: 100-499 Stage 4: 500+

Est 47,203 88,136 7,723 505 46

Jobs 47,203 245,238 185,586 85,210 65,652

World Economic Forum (2013)

(Aspen Network, 2014)

(Oneal, 2014)


Answer: Entrepreneurs– Employees with startup experience– Pay it forward mentality– Local startup success and exits– Startup density


Evidence says we have the resources and are in the game already…


Entrepreneurs:– Employees with startup experience– Pay it forward mentality– Local startup success and exits– Startup density

Resource Providers:– Innovative solutions – Collective recognition as a region

ScreeningInterest

Business Model

Validation

Funding Executive

s(Evaluate

capitalization strategies)

Same-Day Recommendation

(Funding Executives)

Referral Process Debt Financing

Equity Financing Mezzanine Financing

Strategic Partnership

Yes

Yes

YesYes

No

In-Person 20x20

S.C.O.R.E

No

Innovative Solution by JAX Chamber