Bend Rotary : September 25th 2013

RecruitmentRetentionEntrepreneurship

Why important?

With few large employers in Central Oregon, entrepreneurship is critical for job growth

Courtesy Pat Scruggs

Startup Growth Sustainability

Connecting The Dots:

Support scalable startups in the traded sector to access financial and human resources

Entrepreneur

Programs:

Run EDCO’s programs for entrepreneurs: Stable of Experts, PubTalks, Bend Venture Conference

Create/Build

Infrastructure:

Strategic goal to develop and support long-term infrastructure

Target Companies Export/Traded sector Scalable: the pizza parlor vs. an innovation

to help all pizza parlors All sectors: tech, consumer, you name it! Is it innovative? Does it solve a real

problem? Connecting the dots: access to human

and $$ capital Nearly 200 meetings with

entrepreneurs last year

Pub Talks Very popular casual event that

highlights start-ups Opportunity for start-ups to get

exposure and experience Held 8 times a year through-out the

region Average attendance this year 105 vs. 77

last year

Stable of Experts: mentors on demand Currently 90 mentors; up from 62 in

2011 66 referrals made in last fiscal year Broad array of pro-bono expertise Grow Oregon partnership with SBDC Other resources

Concept

Stage

Upstart

Day

Pub Talk

5 finalis

ts

Launch

Stage

Investor Due Diligen

ce5

meetings

5 finalis

ts

LLC Investme

nt

BendBroadband Award

Bend Venture ConferencePub TalksBVC Concept Stage AwardBVC Up Start DayRevitalized Tech AllianceStart-Up WeekendCRAFT3– non profit CDIF lenderFoundersPad—tech accelerator

# Companie

s

Funding To Date

# of Employee

s (new jobs)

Location

Session 1.0

6 $370,000 16 Founders from Bend

Session 2.0

5 250,000 8.5Founders from

NY, LA and Seattle

Session 3.0

7 tbd tbd tbd

TOTAL11

$620,000

24.5

Provide small amounts of capital ($25k-$250k)

Mentoring linked to specific milestones Support for early stage companies

(bridging the investment gap from earliest stage to growth stage)

Minimum of 90% of investable dollars dedicated to rural Oregon (defined here as outside of Portland metro)

Angel fund based on Bend Venture Conference principals

Angel drivenYear round investingLike BVC broad range of potential

companies 30 investors have either expressed

commitment or strong interest in investing

Lifecycle StagesOrganic(Idea Generation/ Education)

Pre-Seed (Concept)$0-$10k

Seed/Start-up $10k-$250k

Growth

$250k-$2mm

Expansion

+ $2mm

Lifecycle StagesOrganic(Idea Generation/ Education)

Pre-Seed (Concept)$0-$10k

Seed/Start-up $10k-$250k

Growth

$250k-$2mm

Expansion

+ $2mm

EDCO/VCM FoundersPad Accelerator

Oregon Seed Fund (planned)

Regional Angel Fund(planned)

Lifecycle StagesOrganic(Idea Generation/ Education)

Pre-Seed (Concept)$0-$10k

Seed/Start-up $10k-$250k

Growth

$250k-$2mm

Expansion

+ $2mm

EDCO/VCM FoundersPad Accelerator

Oregon Seed Fund (planned)

Regional Angel Fund(planned)

•Tech Alliance•CEED•Start-Up Weekend•OSU-Cascades

•BVC Concept Stage

•TechSpace Bend•SBDC•Business Oregon •PubTalks•CRAFT3

•BVC Launch•Oregon Angel Fund•Regional Angel Conferences•Banks

•Venture Capital•Debt Funds•Private Equity

Funding—thank-you! Bank of the CascadesDeschutes County City of BendEDCO

Thank You