A joint initiative of THE WHITE HOUSE | MICROSOFT | AMERICA21

2012 1 U. Netherlands 7. Sweden 3.THE CHALLENGE In order to keep pace with a rapidly growing global innovation economy.S. Finland 5. needs to respond with effective solutions. Denmark 8. The U. Singapore 4. United Kingdom 6. ranks 10th in the world for Global Innovation. United States Source: World Intellectual Property Organization.S. rank among developed nations for the proportion of college students receiving undergraduate degrees in science or engineering. Hong Kong (China) 9.S. Switzerland 2. 80% 3 Percentage of jobs in the next decade that will require technical skills. the U. Ireland 10. 2 10 GLOBAL INNOVATION RANKINGS 1. 27 th .

1% Source: CB Insights 87% 77% Percentage of Black entrepreneurs that received tech investments in 2010.THE CHALLENGE How do we engage an increasingly diverse U. population to take part in the innovation economy? Blacks and Latinos make up less than 3% of the entire Silicon Valley tech workforce. and less than 1% of all tech start-up entrepreneurs. Population (18+) .S.S. Racial Composition of VC-Backed Founders vs. Census (Jan 30-June 2010) 11% 1% 4% 12% White Black Asian Founders U.

S.S. U. Cities (Source: McKinsey Global Institute) 10% Percentage of global GDP that will come from large U.S. is becoming a majority-minority country. cities by 2025. too. The U.S. . GDP was generated by 256 large cities in 2010.WHY DOES IT MATTER? As the country’s demographics shift so. By 2050. population lives in large cities. should access to opportunities for minorities. Source: 2011. Census Bureau 85% of U. minorities will make up 54% of the population. 80% of the U.S.S. U.

The three main elements needed for this to be successful include: .WHAT IS THE SOLUTION? We need to develop strong public-private partnerships to create a robust STEM pipeline of skilled workers and entrepreneurs to drive urban economic growth.

Microsoft Research and America21 which will be a catalyst for making America’s cities vibrant and inclusive centers of innovation and entrepreneurship. The ALC will connect STEM talent in diverse communities to opportunities in the rapidly growing innovation economy. .THE PARTNERS The Activating Local Innovation Communities initiative (ALC) is a public-private partnership between the White House.

America21’S TRACK RECORD Over the past two years. NJ • Gathering of Angels – November. San Francisco. OH • Closing the Wealth Gap – September. America21 has actively promoted the ALC Initiative through related events such as: • Screenings of the CNN Documentary. and Newark. 2011 in partnership with Rutgers Business School and the Center for Urban Entrepreneurship and Economic Development (CUEED) • MBEC – May. CA. 2012 Minority Biomedical Entrepreneurship Conference in partnership with BioEnterprise in Cleveland. OR. 2012 in partnership with Emerging Technology Consortium (ETC) and OpenGovernment TV . The New Promised Land: Silicon Valley (with Soledad O'Brien) in Portland.

10x Increase in minority tech start-ups 8% Increase in STEM graduates . ranks first in global innovation.WHAT DOES THE FUTURE OF URBAN INNOVATION LOOK LIKE? #1 The U. 2 million new tech jobs 4% Increase in urban GDP within five years.S. 2x The number of angel-backed minority tech companies.

WHAT DOES THE URBAN INNOVATION ECOSYSTEM LOOK LIKE? Urban Innovation EXPO White House Initiatives Diverse individuals schools Innovators & entrepreneur s Urban Innovation Index Microsoft Tools nonprofits Online Media businesses National Programs Community organizations Urban Innovation Roundtables Local. State and Federal Government Consulting .

OUTCOMES The ALC Initiative is ambitious and focused. Over the next three (3) years. 20% 20 Cities 3 1 Urban Innovation Summits Online Platform . we anticipate the following outcomes: 10x Increase in flow of capital to STEM programs of entrepreneurs from diverse backgrounds receive access to capital investments.

+ Minority Tech Entrepreneurs + STEM Workforce + Capital = INNOVATION Patrick Gusman 646.9956 .