NYC Startup Ecosystem Current pain points

Idea generation and mining Limited interactions b/w siloed scientists, engineers and entrepreneurs Difficult to data mine across multiple academic tech transfer offices Inadequate commercial perspectives among visionaries (e.g., scientists on ex-US commercial needs)

Team formation and expansion Limited talent

Business model refinement Limited know-how

Financing

Current pain points

o Experienced o Specific skill sets

Few structured ways to connect with them

Investors complain about deal quality in events Limited early stage capital in NYC

o SBIT/STTR utilization o VC/Angels

Embryonic ecosystem (few interactions between stakeholders) Events are fragmented, poorly organized (little structure/mostly social), and have low quality control Heavy focus on tech at exclusion of others (e.g., biotech)

NOTE: Pipeline stages do not necessarily take place in serial order

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NYC Startup Ecosystem Current activities/organizations

Idea generation and mining Examples Social media IP

Team formation and expansion CEO/CFO Engineers Advisors Service providers Online job boards (NYTech) Job fairs (AOL event) Social networks (LinkedIn) Alumni databases (MIT enterprise forum)

Business model refinement Prototype Business plan

Financing

Angels VCs

Current existing activities / orgs

Siloed courses on innovation typically within biz schools Siloed IP databases in individual tech transfer offices Select events (e.g., Hackerspaces, Hackatons, Hackers and Founders)

N/A

Pitch events (e.g., HBS Angels) AngelList Limited set of VCs NY SEED (collab between NYC and VC)

General live events (NYTech, DigitalDumbo) How To courses (GA, blogs, StartUp days) Biz plan competitions Incubators (GA, Y, NY Accelerator)

NOTE: Pipeline stages do not necessarily take place in serial order

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NYC Startup Ecosystem Potential solutions

Idea generation and mining Proposed solutions (impact/ feasibility score1) Data mining spider to consolidate tech transfer office databases (4,4) Structured interactions b/w visionaries, enablers and investors (live, web) (5,3) Invention exploitation company (5, 2.5)

Team formation and expansion Promote existing job boards and events; consider launching our own (3,5) Recruiting agency (4,1.5) Attract ex-NYC engineers (e.g., scholarships) (5,1)

Business model refinement Biz advice company that can review prototypes/biz models (3, 2)

Financing

Angellist-like tool with pre-review by team (3, 2)

Focus activity (e.g., leverage a purposespecific TEDx conference)

Vertical networking events outside tech (e.g., biotech) (4,5) How To courses (video, live events) such as IP protection, staffing selection (contract vs. full-time hire) and SBIR/STTR (3.5,5)

 Structured mentoring platform (live, web) (4,3)  Consolidate existing events to reduce fragmentation (2.5, 2)

NOTE: Pipeline stages do not necessarily take place in serial order 1 Scoring approach (0=lowest, 5=highest) For questions and printing permission please contact Safa Sadeghpour (safangelo@gmail.com)

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