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Cities and Startups: Cultivating Deep Engagement
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Transcript of Cities and Startups: Cultivating Deep Engagement
Bloomberg Philanthropies Mayors Challenge Winner
Redefine urban challenges as opportunities
Accelerate the most promising solutions
Pilot solutions / launch companies
Reform and build new procurement processes to enable cities to effectively deploy solutions
FASTFWD PROCESS
FASTFWD ACCELERATE
RECRUIT International Solicatation Big Think Conference Objective: Descriptive, not prescriptive
EVALUATE • Innovation • Impact • Implementation • Engagement • Entrepreneurship
SELECT Diversity of approach, difficulty, geography and identity $100k in Fellowships for 10 Social Entrepreneurs
FASTFWD ACCELERATE
CORE CURRICULUM 12 weeks – deconstruct the business model • Value Proposition • Revenue and Margin Model • Market Analysis • Competitive Advantage • Go to Market Strategy • Team and HR • Scalability • Capital Strategy
PARTNERS / TRACKS • PennDesign/Think Brownstone/Primed Associates– Design
• PennLaw – Legal • Wharton – Finance
FASTFWD CITY ENGAGEMENT
ACCELERATOR PANELS Dissecting the Business Model What does this mean for developing a business around working with and for government / public sector?
ACCELERATOR CORE CURRICULUM FEEDBACK
Broad engagement from across city departments Weekly Peer Review Sessions, with city staff level engagement for each module
INTENTIONAL PARTNERSHIP
Engage “Startup Sherpas” – innovators from across city government who will connect with startups to participate in design curriculum
DESIGN CURRICULUM Designing a great Pilot Project - Design Thinking - Persona Development - Interview Skills - Hypothesis Development - Engaging Partners - Hypothesis Testing and Ongoing Feedback
FASTFWD LAUNCH
REFORM Change rules through which entrepreneurs and cities can collaborate.
PILOT | FUND Provide opportunities for graduates to pilot solutions with city government and companies to receive launch funding.
$100K in Pilot Funding
SHARE | SCALE Extend partnership opportunities beyond Philadelphia to cities across the country and further afield.
FASTFWD WHAT’S NEXT
REFORM Change rules through which entrepreneurs and cities can collaborate: TOOLKIT Development • Challenge Development / Problem Articulation • Communication of Opportunities • Legal Tools / RFP Templates • Evaluation Best Practices • What works: Registry / pilot database? • Pilot Funding
INSTITUTIONALIZE | FUND Figure out how FastFWD can be supported
SHARE | SCALE Extend partnership opportunities beyond Philadelphia to cities across the country and further afield to develop best practices for sharing solutions. • Problem definition process • Solution sharing / buyer forum
@FastFWDPHL www.fast-fwd.org