1. Our Mission is to foster jobs and wealth creation in California by connecting innovative...
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It’s Time To Change The Game 1
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Transcript of 1. Our Mission is to foster jobs and wealth creation in California by connecting innovative...
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It’s Time To Change The Game
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Grow-California: Connecting Business with Opportunity
Our Mission is to foster jobs and wealth creation in California by connecting innovative entrepreneurs, growth companies and market leaders with capital, talent, academia, customers, and partners
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Games Change – All The Time
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The Economic Development Game Has Changed (Many Times)
Major corporate locations Main Street Programs Redevelopment Areas Biotech, Cleantech,Nanotech
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The New Game: Innovation Leadership› What does Innovation mean?› How do we make it meaningful to our
community or region?› What are the ingredients of success? › What are the rules?› How do we execute strategically to
succeed at this new game?
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The Key is Innovative Entrepreneurs
BOISE COMPUTER INDUSTRY CLUSTER
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4 Rules You Must Understand to Pass Go in The Innovation Game
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Rule 1: The Local Business Taxonomy
JOB
S IM
PAC
T
WEALTH OR PROSPERITY IMPACT
Micro-Enterprise
Small Business Serving
Local Market
Organic GrowthLifestyle Middle Market
Investment Backed
…BecomesLifestyle Company
Middle Market
BusinessSeeking
Growth or Liquidity
Venture Backed
on Exit Path
Major Corp. with Division
in Your Community
“Tweener” Small
Business
Local IconHQ
Company
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RULE 2: THE FINANCING FOOD CHAIN
FFF
LIFESTYLE
COMPANIES
ESTABLISHED MIDDLE-MARKET
COMPANIES
SCALABLE START-UPS REQUIRING
INVESTMENT
State & National BanksFFF
Angel Groups
SBIR Grant
Seed & Early VC Fund
Credit Unions
Mid and Late Stage VC
PE Funds
Investment Banks
Wall Street
Credit Unions
PE Funds
Investment Banks
Community Banks
Local RLF
Credit Unions
State & National Banks
Corporate Investors
Venture
Non-Affiliated Angels
Bus. Angels with own Networks
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RULE 3: “PIVOT POINT” ECONOMIC DEVELOPMENT11
M&A Firms, Wall Street
Major Corporation
s
Customers &
Competitors
Logistics, Transportation,
Distribution
Raw Material Providers
Professional Service
Providers
International Trade Liaisons
Sales & Marketing
Professionals
Industry Executives
Capital Sources
Media & Trade
Groups
Regulators & Policymakers
IPOAcquisition
Great Cash Flow Co.
Growth Company
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RULE 4: Finding a New Spigot
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BONUS RULE 5: Innovation Partners Have Different Objectives
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A Low-Cost, Sustainable, Five-Part Strategy
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Get Off the Bench, Get In the Game!
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Figure Out the Puzzle
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The Secret to Treasure Hunting
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Build the Bridge
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Matchmaker, Matchmaker – Make Me a Match
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www.GROW-California.com
Davis – July 20 & 21
Davis – July 20 & 21
Oakland – Sept. 14 & 15
Pleasanton – Nov. 16 & 17
