When Crisis Created an Opportunity for Arizona Startup Ecosystem

When Crisis Created an Opportunity for Arizona Startup Ecosystem

There is no doubt that Phoenix is rising and can become a hub for innovation. Traditionally most investments in Arizona have been real estate based and have undeniably shaped the state’s economic development policies. Risk adverse, these investors have long been distrustful of high-risk tech ventures. Despite the lack of local funds available at the time, and the 2008/2009 economic crisis, over the past ten years, the Phoenix entrepreneurial scene has built itself from the ground up. From native tech companies, like InfusionSoft, making it big, to ASU Entrepreneurship + Innovation programs, to CO+HOOTS recently named the ?1 most innovative co-working space in the U.S., to PHX Startup Week, the #yesphx community, and many other participants, all the pieces of the puzzle slowly but surely are starting to come together. Where are we now? Over 6,000 attendees attended the third edition of PHX Startup Week held in February of this year, Over two dozen incubators and co-working spaces. Mounting numbers of local and regional pitch competitions such as novel ASU Innovation Open. Rising number of angel funds including the latest addition, Arizona Founders Fund. Pit stop for DC-based VC tours like Rise of the Rest and Results Junkies Yet just a little over $200 million of VC investments for Arizona startups in 2016. It sounds that what may have been lost in the hype is how sustainable the Phoenix ecosystem really is. How do we build a unique and sustainable ecosystem? In biology, per the Convention on Biological Diversity, (CBD), signed by almost 200 nations, an ecosystem has the following definition: “Ecosystem” means a dynamic complex of plant, animal and...
These Are The States With The Best Economic Prospects For 2017

These Are The States With The Best Economic Prospects For 2017

These Are The States With The Best Economic Prospects For 2017 If you’re looking to move to the state with the most positive economic outlook for 2017, look no further than North Dakota. A recent study by Expert Market gathered data from the Bureau of Labor Statistics, the Bureau of Economic Analysis, the Kauffman startup Index, and Zillow, and determined that North Dakota is enjoying the most rapid economic growth in the nation, followed by Oklahoma and...

4 Key Elements in a Successful Entrepreneurial Ecosystem

4 Key Elements in a Successful Entrepreneurial Ecosystem In business, as in life, success is often a matter of who you know, as much as what you know. A new paper released Wednesday from the Kauffman Foundation, entitled Examining the Connections Within the Startup Ecosystem , sheds some light on why that is, as seen through the lens of the nascent startup environment in...