The America21 Project introduces a new economic narrative to empower and connect historically disconnected sectors to America's 21st century innovation economy from pipeline to productivity.
The Innovation Economy consists of three core pillars:
STEM education and workforce development
High-growth Entrepreneurship
Access to Capital and Capital Formation
2. The America 21 Project: VISION & MISSION 21
VISION
The America 21 Project will be the leading national voice
for innovation and competitiveness empowering Urban
America toward full equity participation in the
21st century Innovation Economy.
MISSION
The America 21 Project will catalyze an unprecedented
growth of Urban American prosperity through increased
innovation capacity and economic competitiveness.
3. Historical Transitions in the U.S. Economy 21
19th century agrarian economy 20th century manufacturing and service economy
The 19th and 20th
century economies
were driven by
manual labor…
The 21st century innovation economy
… is knowledge-based … driven by science, technology and innovation.
Disruptive Ideas Risk Capital Technology/Social Media-Driven Exponential Growth
Platforms
4. America’s INNOVATION ECONOMY 21
Knowledge-Based Technology Driven Fueled by Risk Capital Investments
Three Foundation Pillars
STEM CAPITAL HIGH-GROWTH
Education Access / Investment Entrepreneurship
5. Lagging Global Competitiveness 2011
Revitalizing America’s economic vitality requires strengthening ALL of America’s innovative sectors
1 Switzerland Sept. 7, 2011 (AP) — The World Economic Forum
rankings, which the forum has issued for more than
2 Singapore three decades, are based on economic data and a
survey of 15,000 business executives across 142
3 Sweden nations.
4 Finland
The forum praised the U.S. for its productivity, highly
5 USA sophisticated and innovative companies, excellent
universities and flexible labor market. But it also cited
6 Germany “a number of escalating weaknesses” …
7 Netherlands
Denmark 2008 #1 Fall 2008: economic collapse
8
9 Japan 2010 #4
10 Britain 2011 #5
6. Historical Transitions in U.S. Demographics 21
1960 Young Urban
Non-Hispanic Whites
comprised 85% of
the U.S. population
85%
America is
growing
2011
Non-Hispanic Whites
comprise 67% of the
U.S. population
67%
By 2030, 79 million Baby Boomers will be 65+ years. The “elderly” age group will grow faster than any other age demographic.
2050
Non-Hispanic Whites
will be just 47% of 47%
the U.S. population
Source: Pew Research & Agora Financial
7. The America 21 Project: Addressing the Ecosystem 21
Filling the funnel from pipeline to productivity
STEM Education Entrepreneurship
Workforce development Job creation and growth
Black-owned Venture-backed
businesses businesses
$150B 1.9 million 4,025
Federal R&D
$137B Revenue $2.9T
< 1% % GDP 21%
1.8 million sole
proprietors
60% with no
employees
University Labs < 1% HBCUs
Source: Bureau of Labor Stats 2007: Before economic collapse
Source: National Venture Capital Association
< 5% STEM professionals Black American population 13%
8. PROBLEM 21
Per Capita Business Receipts (Census data for 2007; published 2010)
# Businesses Business receipts Population Per Capita
Total in 2007 Total annual gross revenue Estimate # of U.S. citizens Business receipts
Blacks 1.9 million $138B 37 million $3,729
0.8 percent total employment 0.5 percent of all receipts
Hispanics 2.3 million $351B 45.4 million $7,731
1.6 percent total employment 1.1 percent of all receipts
Asians 1.6 million $514B 13 million $39,538
2.4 percent total employment 1.7 percent of all receipts
Whites 22.6 million $10.2 trillion 224.5 million $45,434
89.3 percent ownership of all 34 percent of all receipts
scientific, tech & construction firms
9. America’s Innovation Economy
ALL net new job growth since 1980 has been produced by companies 5-years-old and younger.
(Kauffman Foundation)
21st
century
Entrepreneurial No Ecosystem
Ecosystem
Public-Private risk capital
No investment
infrastructure infrastructure
Exponential job growth No job growth
White America’s median wealth is 20 times Black America’s
10. BOLSTERING AMERICA’S COMPETITIVENESS 21
How do we connect Disconnected Americans to the Innovation Economy?
STEM
education
Federal R&D
investments
21st Century 20th Century
Angel &
Venture Capital
High-Growth The Innovation Entrepreneurial Ecosystem
Entrepreneurship
The bridge connecting urban communities to the 21st
century Innovation Economy is The America21 Project.
Startup America
Partnerships
Entrepreneurial
Ecosystem STEM High Growth Access/Investment
Education Entrepreneurship Capital
11. America’s FUTURE INNOVATION ECONOMY 21
Knowledge-Based Technology Driven Fueled by Risk Capital Investments
CURRENT GOALS
PIPELINE 2011 2050
Minorities Minorities
STEM 36% pop 53% pop
Education < 11% STEM 35% STEM
Achievable growth by investing in the technological future of America
PRODUCTIVITY
Minorities Minorities
HIGH-GROWTH Black/Hispanic Black/Hispanic
Entrepreneurship < 3.5% GDP 15% GDP
Achievable growth by investing in high-growth businesses to strengthen America
INVESTMENT
Minorities Minorities
CAPITAL Black/Hispanic Black/Hispanic
Access / Investment < 1% Angels 15% Angels
Achievable growth by recruiting minority high net worth individuals to invest
12. The America 21 Project STRATEGY 21
SOLUTIONSOLUTIONSOLUTIONSOLUTIONSOLUTIONSOLUTIONSOLUTIONSOLUTIONSOLUTIONSOLUTIONSOLUTIONSOLUTION
The America 21 Project seeks to
leverage existing assets within
Urban American communities to
create new opportunities and
ensure competitiveness in the
Innovation Economy.
13. The America 21 Project PLATFORM 21
Branded online-offline entrepreneurial ecosystem
Events – Forums, Summits & Symposia
Strategic Partnerships & Resources
Online proprietary ecosystem
• Innovation Nation Social Community
• Entrepreneur Academy
• Deal Flow (Angels & Entrepreneurs)
Social Media & Networking
14. The America 21 Project 21
connectconnectconnectconnectconnectconnectconnectconnectconnectconnectconnect
innovation
economy 2015
How do we CONNECT quickly?
STEM:
< 11% STEM field companies are minority-owned
CAPITAL:
Black investors represent less than 1% of all angels and venture capitalists
HIGH-GROWTH ENTREPRENEURS:
Black entrepreneurs received 1% of tech investments in 2010
15. Developing the America21 Urban Ecosystem 21
CONNECTINGCONNECTINGCONNECTINGCONNECTINGCONNECTINGCONNECTINGCONNECTINGCONNECTINGCONNECTING
Urban innovators are fragmented while surrounded by innovation ecosystems
15
17. The AMERICA 21 Project 21
ORGANIZATIONAL CHART
The America 21 Project
projects
National STEM Council Partnership for Urban America
initiatives
HBCU Innovation (R&D) initiative National Urban Innovation Campaign
Urban Innovation Fund
Urban Innovators Workshop
Innovation Nation
BUILDING THE URBAN ECONOMIC ECOSYSTEM
Spreading awareness, planting resource seeds, nurturing growth
18. National STEM Council 21
Convening innovative thought leaders, organizations, educators and investors
• STEM Symposiums
• Traveling program to HBCUs
• STEM Speakers
• Speakers bureau
• STEM Pitch-to-Angels
• Contests (online & offline)
• STEM HBCU Coalition
• Federal grants
• Commercialization of ideas
• Community outreach / impact
BUILDING THE URBAN ECONOMIC ECOSYSTEM
Spreading awareness, planting resource seeds, nurturing growth
19. America21 Project Urban Innovation Campaign 21
SOLUTIONSOLUTIONSOLUTIONSOLUTIONSOLUTIONSOLUTIONSOLUTIONSOLUTIONSOLUTIONSOLUTIONSOLUTIONSOLUTION
4 Forums
4 Cities
1 outcome:
2011-2012
Plant seeds of urban
economic development to
grow 21st century Innovation
Economy Ecosystems
BUILDING THE URBAN ECONOMIC ECOSYSTEM
Spreading awareness, planting resource seeds, nurturing growth
20. America21 Project Urban Innovation Campaign 21
NATIONAL URBAN INNOVATION CAMPAIGN
KEY NODES
in each region
Urban Urban
2011-2012
Funders Founders
BUILDING THE URBAN ECONOMIC ECOSYSTEM
Spreading awareness, planting resource seeds, nurturing growth
21. America21 Project Urban Innovation Campaign 21
NATIONAL URBAN INNOVATION CAMPAIGN
Urban Funders
The outcome the forum in each region
will be the seed development of a
group of high net worth individuals
willing to invest in the National Urban
Innovation Fund and engage in the
workshops that will educate them 2011-2012
toward becoming an active regional
angel investment group.
The America 21 Project will provide
partners to assist in the development.
At the end of year one, there will be at
least four urban funders groups.
BUILDING THE URBAN ECONOMIC ECOSYSTEM
Spreading awareness, planting resource seeds, nurturing growth
22. America21 Project Urban Innovation Campaign 21
NATIONAL URBAN INNOVATION CAMPAIGN
Urban Founders
The outcome the forum in each region
will be the seed development of a group
that orchestrates networking events,
workshops and resources designed for
the development of high-growth
entrepreneurs.
2011-2012
The education, training, mentoring and
channeling of high-potential innovators
toward deal flow in four urban founders
groups is the overall goal in 2012.
America 21 will provide resources as
needed to bolster regional capability.
BUILDING THE URBAN ECONOMIC ECOSYSTEM
Spreading awareness, planting resource seeds, nurturing growth
23. A TIMELINE
THE
MERICA
2 1 PROJECT
America21 will partner with local organizations and serve as an information-rich national resource.
A21 & Rutgers Business A21 & targeted region A21 & targeted region
School: Urban Angels & partner establish Urban partner establish Urban
Entrepreneurs Forum. Funders & Founders groups. Funders & Founders groups. A21 launches
National Urban
Innovation Fund
A21 Urban Innovation & A21 & targeted region & Innovation
Competitiveness Initiative partner establish Urban Nation online
(Kickoff National Urban Funders & Founders groups. platform.
Innovation Campaign in
Washington D.C.)
Nov. Nov.
2011 Q1 Q2 Q3 Q4 2012
GROUPS GROUPS GROUPS
LAUNCH 10 Urban Angels 25 Urban Angels 50 Urban Angels
Innovation Nation 50 Urban Founders 150 Urban Founders 250 Urban Founders
2012 2013 2014 2015
24. A
THE
MERICA
2 1 PROJECT Sponsorship
NATIONAL URBAN INNOVATION CAMPAIGN
America21 will publish information
Bronze Sponsor
programs on the Innovation
Economy and The America21 Listing in program
Project vision to develop “pipeline Logo on screen
to productivity” infrastructures in
target urban regions across the Silver Sponsor
nation. The programs will be used 1/4-page display ad
in subsequent leadership in program
roundtable discussions. Logo on screen
All sponsors receive reserved seating *Gold Sponsor
1/2-page display ad
in program
Logo on screen
Logo on table placements
Special Public Thanks
*limit 4
25. THE
A MERICA
2 1 PROJECT Sponsorship
NATIONAL URBAN INNOVATION CAMPAIGN
America21 will publish information
programs on the Innovation *TITLE
SPONSOR
Economy and The America21
Project vision to develop “pipeline
to productivity” infrastructures in
target urban regions across the In addition to receiving
nation. The programs will be used all of the value offered
in subsequent leadership other sponsors …
roundtable discussions.
FULL page ad in
program
5 mins @ podium
Sponsored by
Company name
*maximum two (2)
26. THE
A MERICA
2 1 PROJECT Sponsorship
NATIONAL URBAN INNOVATION CAMPAIGN
NATIONAL
Portland
Detroit
SPONSOR
Bay Area Recognized at ALL
Washington D.C
campaign events
nationwide
Full inside COVER in
Help support an economic printed program
renaissance that connects
historically disconnected
5 mins @ podium
sectors to America’s 21st
century Innovation Economy.
Contact us today. Company name
on front of print
programs and all online
*maximum two (2)
pdf distribution
27. CLICK HERE
Your browser will open to a video
So many successful entrepreneur accelerators exist across the U.S. that reality TV programs are
being made about them. The angel investing space exploded over the past decade despite the
economic tumult. With more private capital looking for quality deal flow, an industry grew to
accommodate the need. Where are the URBAN INNOVATORS?
28. EXCERPT
“The fact is that over the last three decades,
new startups by innovators and
entrepreneurs -- companies less than five
years old -- have accounted for nearly all
newly created jobs in the private sector. The
scarcity of these dynamic, fast-growing
companies in black communities has
contributed to some of the chronic
unemployment we see today.
“This is a problem that defies easy solutions.
We simply can't revitalize overnight
communities that have lost thousands of
jobs. And new corner stores or barbershops
certainly won't make up for the closing of
factories. Targeted government programs
help, but private-sector investment is critical
for sustained community development.”
CLICK HERE
Your browser will open to TheRoot.com website
Opinion by Rick C. Wade. He is senior vice president at GreenTech Automotive. He was senior
adviser and deputy chief of staff to Gary Locke when he was the U.S. secretary of commerce.
29. ABOUT The America 21 Project 21
TEAM
Click here for bios
Formerly the Black Innovation and Competitiveness Initiative
Johnathan Holifield Chad Womack, Ph.D Mike Green
Paul Richardson Nnena Ukuku Eugene Dibble Linda Bolliger
Contact Mike Green 541-730-2164 | http://blackinnovation.org | mike@blackinnovation.org
STEMEDUCATION | CAPITALACCESS & INVESTMENT | HIGH-GROWTHENTREPRENEURSHIP