Transcript Document

2010 Successes
2011 Opportunities
©2006 Ann Arbor SPARK
Washtenaw Workforce
Investment Board
July 8, 2011
Mission Statement
“SPARK” will be the driving force in establishing the
greater Ann Arbor region as a desired place for
business expansion and location...by identifying and
meeting the needs of business at every stage, from those
that are established to those working to successfully
©2006 Ann Arbor SPARK
commercialize innovations.
Guiding Principles
 Attract and retain high-value, knowledge-intensive,
diverse workers
 Innovation in products, services and delivery
 Ann Arbor USA (brand entire region)
 Proactive versus reactive
 “Open Source Economic Development”
©2006 Ann Arbor SPARK
 Statewide Collaboration/Partnerships
Organization
• Public – Private partnership among academia, business,
government and not-for-profit organizations
• Governed by a dynamic board, executive committee and
officers
• Led by superior caliber employees, consultants and
volunteers
©2006 Ann Arbor SPARK
• To be funded by all members of the partnership
3
Organization
Ann Arbor SPARK
Innovation (Start-ups)
Business
Existing Business
Retention and Expansion
Attraction
Business Acceleration
Michigan Pre-Seed
Capital Fund
MLSIC
Wet Incubator
•Marketing and PR
•Events
•Talent Enhancement
SPARK Central
Incubator
•Research and Business Info.
•Incentive Preparation
SPARK East
Incubator
Microloan Funds
©2006 Ann Arbor SPARK
•Entrepreneurial Education
Vital Cycle of Success
A VITAL
COMMUNITY
which
encourages
Increased Prosperity,
Opportunity
which
helps
create
A GROWING enables…
Revenue
Growth for City
©2006 Ann Arbor SPARK
ECONOMY
©2006 Ann Arbor SPARK
Outward-Oriented Industries Drive Rest of the Economy
a
©2006 Ann Arbor SPARK
Community Success Factors Shaped By
Our Public-Private Partnership
Targeted Industry Sectors
Focus on a finite set of emerging technologies or industry sectors
• Advanced Automotive Manufacturing and Materials
• Aerospace Engineering and Manufacturing
• Cleantech
• Homeland Security and Defense
• IT / Software
• Life Sciences
• Optics / Measurement
©2006 Ann Arbor SPARK
• Printing and Publishing
11
Looking Forward: Strategic Plan
Broadened Regional Economic Development Effort
• Comprehensive package of assets and resources
• Definable metropolitan image, clear message
• Private sector appeal
• Breaks down barriers to increased collaboration
©2006 Ann Arbor SPARK
• Positive narrative for the region
19
SPARK Roles and Responsibilities
• Visible leadership in attraction
• Grow the business attraction and retention effort
• Scale and amplify acceleration and startup support
©2006 Ann Arbor SPARK
• Continue to emphasize talent
Talent Portfolio
• ETCS Grant for Talent is $130K for 2011
• Talent Enhancement - Focused on retaining and attracting high-value
talent within Michigan
– Job Portal – Ann Arbor SPARK initiated and currently being scaled to the
state level
– Hot Shots – Monthly Job Fair for Top Talent
– Communications – job seekers (weekly), employers (monthly), college
connections (quarterly)
• Entrepreneurial Education
– Shifting Gears – Ann Arbor SPARK initiated and currently being scaled to the
state level – bi-annual
– Mingle & Match – quarterly
– Boot Camp – quarterly
©2006 Ann Arbor SPARK
– Start Your Own Business – monthly
Talent Portfolio
Ann Arbor SPARK: Job Postings, By Month, July 2007 - Current
Jan
na
82
39
90
109
2007
2008
2009
2010
2011
Feb
na
91
65
90
147
Mar
na
64
76
157
169
Apr
na
68
50
76
123
May
na
99
77
103
127
June
na
90
62
92
188
July
60
78
71
123
Aug
97
66
76
136
Sept
71
105
76
106
Oct
84
67
132
141
Nov
60
59
80
131
Percent
End Change
429
909
53%
874
-4%
1324
34%
863 28% YTD
4399
Dec
57
40
70
79
TOTAL
still
growing
na = not available
Job Portal Statistics - Last Nine Months by Primary Position Category-Industry Type
2011
7
0
1
1
Sales/
Marketing
1
2011
6
2
9
20
28
42
50
29
8
188
2011
5
4
9
7
15
19
43
16
6
119
2011
4
3
8
7
10
25
27
13
1
94
2011
3
4
6
15
31
27
29
8
10
130
2011
2
7
6
11
20
21
30
12
3
110
2011
1
6
5
2
14
25
23
2
6
83
2010
12
0
0
0
1
0
4
0
0
5
2010
10
0
1
0
0
0
0
0
2
3
Month
Executive
Start-Up
Life Sciences
Professional/
Administrative
6
IT/ Software
Engineering
9
Engineering
(Non-Software)
6
Contract/
Consulting
2
Total
26
©2006 Ann Arbor SPARK
Year
2010 SPARK Success
• 42 company growth projects creating:
– $151 million in new investment commitments
– 1,425 new jobs
• Assisted 62 innovation start-ups
• Awarded 12 pre-seed investments and 30 microloans
• Nurturing 60 incubator tenants
©2006 Ann Arbor SPARK
• Assisted 400 companies with 1,300 job postings
Ann Arbor Region ROI
• 176 project successes - $1.25 billion new investment
commitments
• 10,474 new jobs and 6,236 jobs retained
• Assisted 278 innovation start-ups
• 54 Pre-Seed investments in 52 companies ($225k/company
average)
• 48 Microloans in 46 companies ($39k/company average)
• 177 tenants in three regional incubators
• Leveraged community investments to over $34 million –
through Federal and State grants, equipment donation to
MIED, foundations and other sources
• Assisted 1,401 companies with 4,105 job postings
• Assisted 4,300+ job seekers with employment searches
©2006 Ann Arbor SPARK
2006 – 2010 YTD Results
©2006 Ann Arbor SPARK
Discussion
Entrepreneurial Success Story
• Current employment - 26
• Office located in downtown Ann Arbor (SmartZone)
• Won 2007 “Innovation Company of Year” award from Michigan
Business Review
©2006 Ann Arbor SPARK
Compendia Biosciences
• Formed in 2005
• Technologies developed by University of Michigan professors
• Bioinformatics-molecular oncology tools, data, and analysis software
• Attended Entrepreneurs Boot Camp 2005
• SPARK provided $49,000 consulting services; business
development, marketing
• SPARK Talent team helped recruit CEO and technology manager
• Revenue 2009 ~$X million
• Received $3.7 million in grants and $3.6 million equity investments
including $250,000 from the MI Pre-Seed Fund