Startup Development Organizations Critical to our Future

Startups are a series of lessons from failures, pivoted into new opportunities while avoiding mistakes.

  • A hub, such as 2112 in Fort Knox Studios in Chicago, connects large parts of a startup ecosystem and makes it easier for everyone to connect and get involved — all under one roof: office space, shared common areas, entrepreneurs, advisors, capital, and mentors. I find myself in Houston as we speak, at ion, easily one of the most innovative uses of space in the country; the region’s hub from which spokes reach to other programs and places.
  • Entrepreneurs and intrapreneurs benefit from Innovation Labs, such as (outside the box I suspect since you might be focused on R&D, wet labs in biotech, or corporate innovation programs), AFWERX, the innovation arm of the United States Air Force. Innovation labs, and organizations by other names, help develop and commercialize Intellectual Property (IP and patented works) through collaboration with companies and incubators aligned with industry objectives.
  • Incubators which teach entrepreneurs and work with product or business ideas to develop solutions and start companies more likely to succeed, thanks to resources, networks, curriculum, and programming. Greentown Labs a Houston incubator focusing on climate technology is a wonderful example in a sector beyond our own programs for MediaTech
  • Accelerators increase sustainability and impact, drive growth, and evolve startups into competitive, scalable companies. Assuredly, the best known among accelerators is Techstars; typically, Accelerators are defined by extensive communities of partners and investors, media relations as startups are ready for the world stage, and their own financial investment (ranging from $10,000 to $100,000).
  • Venture studios, or as I prefer to call them, Startup Studios, establish replicable models for the early phases of startup development, reducing the risks for founders and investors, by participating themselves as one of the partners in the new ventures — Startup Studios serve as a technical co-founder, at least and if not more so, with ownership in exchange for the work.

Developing Startup Ecosystems

Venture Development

Developing a Flourishing Startup Ecosystem

Companies

Incubators

Coworking

Startup Studios

Accelerators

Venture Capital

The Venture Capital facet of Austin, TX is flourishing today, as an example of aggregation and signal, because it's today, a result of recent years of development, that Austin meaningfully has each of these facets in place.
  • Incubators are not Accelerators, as I already alluded
  • Companies are private entities developing IP whereas Startup Studios are doing similar work but more publicly — as labs or partners
  • And Venture Capital sits across from Coworking because the benefits of reduced costs and coincidental collisions in person means that founders are more wisely allocating capital resources to the work they should be doing.
Footnote: What is Venture Development?  [Get in touch with us here if this is your goal] The focus of the private sector, in support of the public sector, to improve the outcomes of the efforts of entrepreneurs and early stage investors, through the direction, promotion, and development of the startup stage of an economy, driving innovation and new ideas, creating opportunities, and enabling a distinct, diverse, and accessible culture and ecosystem in which startups thrive. Venture development could be simply defined as increasing the rate of startup development and investor return. Many times these objectives include building or attracting Startup Development Organizations; improving economic policy in support of innovation spaces and coworking; ensuring sector-specific education to foster a workforce ready to work on behalf of startups in the region; enhancing community and communications to remove barriers to entry and create greater awareness; and incentivizing established companies to open a location in the region as those companies bring resources to bear on behalf of the entrepreneurs.

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CEO of MediaTech Ventures, CMO to #VC, #Startup Advisor. I get you funded. Father, marketer, author, #Austin. @seobrien & @AccelerateTexas. https://seobrien.com

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Paul O'Brien

Paul O'Brien

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CEO of MediaTech Ventures, CMO to #VC, #Startup Advisor. I get you funded. Father, marketer, author, #Austin. @seobrien & @AccelerateTexas. https://seobrien.com