Cincinnati Entrepreneurial Ecosystem

What, Where, Who, & Why

By:Patrick Longo

Hamilton County Business CenterNovember 17, 2011

A Little Background on Patrick LongoLocal Product / Been Elsewhere / HomerSomewhat EducatedSomewhat ExperiencedSomewhat ConnectedRestless SpiritPart time Risk TakerDecent ListenerLikes to Try New Things

So, is entrepreneurship “??? Alive or Dead ???” in Greater Cincinnati?

Do we have innovative and scaleable ideas?Do we have talent?Do we have capital?Do we have a track record?Do we have the assistance tools in place to make this all

happen?

One man’s opinion ………….....Entrepreneurship is “Alive” in Greater Cincinnati!!!

What’s happening “Entrepreneurially” in Greater CincinnatiIntermediary Agencies are listeningCapital is availableGovernment is actingUniversities are being leveragedResults are occurringMedia is paying attentionEntrepreneurs are getting more engagedLocation – Greater Cincinnati

Entrepreneurial Assistance Available to Greater Cincinnati EntrepreneursOne on One Counseling / CoachingIncubation ProgramsNetworking Events Structured Entrepreneurial TrainingAccess to Capital (Traditional & Non-Traditional) Connectivity to Local UniversitiesClearinghouse Services Media

Sources – SBDC Clearing House Resource and HCDC/HCBC

Who’s Playing in the Entrepreneurial Sandbox

C-CapThe CircuitTechSolveBio/StartSCOREUCXUMiami UniversityHCBC / HCDCMinority Business CoalitionBrandery

Queen City AngelsCincyTech USAGCVASBDC’sLocal Capital ProvidersN. Ky E ZoneEntrepreneurs Experienced Business

PeopleBusiness IntermediariesMedia – Enquirer,

Soapbox, etc

Growing the Assistance Continuum

<--------Business Incubation----------->

<-------Morning Mentoring------->

<----Brandery ------->

<-----------Regional Entrepreneurs Forum----------->

<--------Vaanguard------->

-----------Outreach----------------><-------------CincyTech---------------->

What does HCBC offer? Full Service Business Incubation Program Outreach Program Angel HQ SBA 504 Loan Program State of Ohio 166 Loan Program HCBC Small Loan Program Hamilton County Office of Economic Development Procurement Technical Assistance Center Morning Mentoring SoundingBoard Regional Entrepreneurs Forum Bootcamp Vaanguard Mentoring Network

HCBC’s Business Incubation & Outreach Target Areas

Early StageInnovativeScaleable

Business IncubationServices Offered

Business Plan Review and Implementation Assistance

Technology Commercialization AssistanceSBIR Grant AssistanceGoal & Milestone SettingBusiness CoachingConnections to Region’s ResourcesAccess to Capital Programming & ServicesNetworkingEducational ProgramsFlexible Rental Space and Equipment Vibrant Environment

HCBC – Tale of the TapeHistory - Since 1989

Clients Served – 280 Graduate Revenues - $210 MM+

annuallyAccess to Capital – $102 MM Average Salary / Job - $48K +Total Jobs – 1,750Graduate Companies – 115Success Rate – About 60%

HCBC – Tale of the TapePast 12 months

Current Clients – 48Client Revenues – $17.2 MMAccess to Capital – $7.8 MMAverage Salary / Job - $51K +New Jobs – 48Total Jobs – 197Graduate Companies - 2

Early Stage, Local Companies to watch

Entrepreneur Start Up Check ListHave you written a business plan?Have you bounced your plan off of friends and

family? (Comfort Zone)Have you connected to local business assistance

resources? (Non-Comfort Zone)Are you networking in the right places?Can a local university or incubation program be of

assistance to your start-up or growing venture?If necessary, have you connected with traditional

and non-traditional capital providers?Remember that these resources are still available

to you even after you have started your ventureGet Active, Get Connected, and Grow Your Business

Questions & Thank YouPatrick LongoHCBC1776 Mentor AvenueCincinnati, Ohio 45212(513) 631-8292Longo@HCDC.comwww.HCDC.com/incubationTwitter -

http://twitter.com/entrementor