AN ECONOMIC IMPERATIVE
EIC is changing the way economic developers approach their work through innovation, equity, wealth creation, thought leadership and client success.
ACHIEVING IMPACT, TOGETHER
EIC is an essential building block for leading government agencies, nonprofits and economic developers across the country who are looking for new ways to empower entrepreneurs from all backgrounds. As we support their work through our tools and services, we also serve as a connector between these agencies and catalyze their ability to learn from one another, collaborate, develop and share best practices, and move the needle on entrepreneurship-led economic development.
BY THE NUMBERS
Cities with dedicated hubs and growing
App downloads on Apple and Android
Members of the Catalyst Network
Members using our platform
Small businesses being served
Learn how economic developers are using tech-based solutions to create an ecosysystem of support for small businesses to thrive and measure the impact of their work.
Connecting Underserved Small Business to Opportunity
The Commons on Champa (The Commons), a program of the Downtown Denver Partnership, is a first-of-its-kind economic development initiative to enhance public access to entrepreneurship resources and support. In 2019, The Commons implemented a virtual hub and searchable digital resource guide on Startup Space for entrepreneurs from underserved neighborhoods. To ensure a vibrant and democratized ecosystem for this region, The Commons hub on Startup Space organizes 100+ small business support organizations, delivers data analytics and tools to manage public coworking space and entrepreneurship training programs.
Building a Regional Business Support Network
The New Economy Initiative was founded by the Community Foundation for Southeast Michigan in 2007 to coordinate a large-scale effort to build and fund a culture of entrepreneurship and innovation for underserved entrepreneurs in the region. Startup Space provides the virtual platform for a network of organizations to deliver technical assistance to small business. In addition, the network uses Startup Space to conduct market research leading to insights about small business needs. In 2021, research conducted through Startup Space capabilities resulted in a public policy response to make PPP loan distribution more equitable and available to the region’s microbusinesses.
The Creation of Inclusive Entrepreneurial Ecosystems
How Technology and Data Can Help Communities Thrive
In June 2021, EIC announced a white paper with findings on how communities are using data and technology like Startup Space to build more inclusive virtual infrastructure to accelerate entrepreneurship and catalyze economic impact.
The white paper presents different approaches to reaching underserved communities using a navigation model and explores the issues and challenges associated with the adoption of technology-enabled solutions through real-world case studies.
Topics discussed in this white paper include:
- Traditional Entrepreneurship Infrastructure is Failing
- Minority and Underserved Communities
- The Role of Technology: A Transformational Solution?
- The Shift: 3 Key Innovations in Small Business Support & Community Development
- How to Leverage Technology in Your Hub and Spoke Model
- The Hub and Spoke Model in Practice
- The Tech-Enabled Hub and Spoke Model
Bonus 5-step Guide To Implementing A Technology Platform For Your Hub And Spoke Model