This state is always going to have to reconcile times of boom and bust until we reduce our collective dependence on oil and gas. We need investment from the state, but we also need creative participation from everybody else. There are Oklahoma corporations, initiatives, and people who get that and are doing something. One such business is Kimray, Inc., a world-class manufacturer of control equipment used extensively in oil and gas production around the globe.
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This state is always going to have to reconcile times of boom and bust until we reduce our collective dependence on oil and gas. We need investment from the state, but we also need creative participation from everybody else. There are Oklahoma corporations, initiatives, and people who get that and are doing something. One such business is Kimray, Inc., a world-class manufacturer of control equipment used extensively in oil and gas production around the globe.
BrewFest attracts more than 500 people. It’s a unique opportunity for the entrepreneurial community in Oklahoma to come together for a few hours to network and enjoy tasting products from yet another emerging and nontraditional segment of Oklahoma’s entrepreneurial ecosystem. Events like BrewFest draw together people from across Oklahoma who are interested in the innovation economy here. In this casual environment, they learn things they didn’t know about making wine, brewing beer and about what’s happening in innovation across Oklahoma.
As the cost of living continues to rise on either coast, but particularly in places like California and New York City, it is becoming more and more attractive for entrepreneurs to start companies somewhere else. They need talent and capital to do that of course, but as those critical components are more in evidence, we’re seeing startup activity branching out geographically.
For venture and economic development organizations like i2E, a key aspect of our responsibility is acceleration. It’s figuring how to find the best athletes, amp up their training, speed up the track, improve the car. We also measure and communicate the metrics of innovation progress over time by distributing an economic impact survey to our entire population of client companies every year. In March, we submitted the 2016 economic impact survey to 153 active clients.
The Kauffman Index of Startup Activity focuses on new business creation activity and people engaging in business startup activity. In 2016, Oklahoma ranked No. 4 for startup activity for smaller states, up from No. 8 in 2015.
The Achilles heel of entrepreneurship is thinking you know all the answers. Everyone agrees that it takes phenomenal confidence and courage to start any business from scratch. But when confidence and courage become certitude and cockiness, it leads to disaster. As most of us in the investment industry can tell you, we see too many entrepreneurs who believe that they have figured everything out.
There are many entrepreneurs who are developing a product that would have the best chance at success if someone else took that product to market. Instead, we see entrepreneurs — and this gets back to “loving the baby” — who are determined to try and break into a market that’s already dominated by powerful players such as Microsoft, Cisco or P&G.
Three OSU teams make Governor’s Cup finals By Ariel West © 2016 – Spears School of Business @ Oklahoma State University The School of Entrepreneurship at Oklahoma State University has three teams in the High Growth division finals of Innovation to Enterprise’s statewide Donald W. Reynolds Governor’s Cup Competition. The OSU finalists are: Haley KurtzRead more
Since we introduced the Donald W. Reynold’s Governor’s Cup collegiate business plan competition 12 years ago, more than 1,700 college students have taken the Gov Cup challenge. This year, 55 teams entered business plans. This competition involves college students across the state, with divisions for two-year and regional colleges, for research universities, and for graduate students.
I get really excited when I see an Oklahoma startup improving the lives of people who have incurable debilitating disease. That’s the story of Progentec Diagnostics, a startup that is focused on developing breakthrough diagnostics. The firm’s initial focus is on developing a diagnostic test to identify patients at increased risk for flare in lupus, an incurable autoimmune disease that afflicts 1.5 million patients in the U.S.
New Year’s resolutions could help entrepreneurship grow in Oklahoma By Scott Meacham Copyright © 2016, The Oklahoma Publishing Company As I talk with people about entrepreneurship, it’s always interesting just how many people from different walks of life express a heartfelt desire for entrepreneurs to succeed. I’m not one for a long list of NewRead more
New year is a time to seize momentum on diversifying Oklahoma’s economy By Scott Meacham Copyright © 2015, The Oklahoma Publishing Company It’s that time of the year again — a time for facing forward while looking back at what has occurred over the past year. In the world of startups, there’s no time toRead more
Sometimes, Oklahoma investors don’t realize the great opportunities for early-stage companies that exist in this state. When Oklahoma money goes “off-shore” to invest in entrepreneurs, startups, and innovation in Texas, Colorado or California, we need to speak up and remind people to take a good hard look at the early stage opportunities that exist right here before they help create jobs and wealth in some other state.
Tulsa entrepreneurship makes strides, but work remains for business creation By Robert Evatt Copyright © 2015 BH Media Group Holdings, Inc Things have been going well for Two Guys Bow Ties — the Tulsa clothing accessory company has been featured on “Shark Tank” and uncrate.com, its products have been worn by celebrities seen at the MTVRead more
Dr. Elaine Hamm, vice president, Accele Biopharma Inc., will lead the students in the Who Wants to Be workshop where they will learn the basics of writing and presenting a business plan, including what investors are looking for in an entrepreneur.
Scott Meacham: OKC would benefit from new fiber network By Scott Meacham Copyright © 2015, The Oklahoma Publishing Company Oklahoma entrepreneurs should be pinching themselves upon hearing the news this week that Google may bring high-speed fiber to Oklahoma City. Because, frankly, they need speed. They want to build their ideas right in their ownRead more
The Oklahoma Technology Showcase, the state’s “show-and-tell” event of world-class technology, returns Wednesday to the Broken Arrow campus of Northeastern State University.
Oklahoma needs to boost ‘deal factories’ to move forward in science technology By Scott Meacham Copyright © 2015 The Oklahoma Publishing Co. I sit on the governor’s Science and Technology Council, which was reinstated by Gov. Mary Fallin to help move the state forward in areas of science and technology. Many council members are successfulRead more
From Staff Reports Copyright © 2015 The Oklahoma Publishing Co. i2E Inc. and Accele Venture Partners recently closed a $600,000 follow-on investment in Synereca Pharmaceuticals, a portfolio company of Accele Biopharma, an Oklahoma City-based biotechnology accelerator. With the most recent investment, Synereca has now received $2.5 million in funding to support its development of compoundsRead more
