Whether it is helping to craft a product that the market will buy or figuring out how to meet financing needs until the company can generate its own positive cash flow, at i2E it's our job to help entrepreneurs weave together all the components that a new business needs to successfully take root and grow.
We have a proven model that can dramatically increase an Oklahoma entrepreneur's chance to succeed. Even so, a significant percentage of startups are going to fail. That's the nature of innovation.
That means that while we are constantly working to improving our rate of success, Oklahoma also needs to focus economic resources toward increasing the number of startup saplings we plant.
Scott Meacham is president and CEO of i2E Inc., a nonprofit corporation that mentors many of the state's technology-based startup companies. i2E receives state appropriations from the Oklahoma Center for the Advancement of Science and Technology. Contact Meacham at i2E_Comments@i2E.org.
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Angel investments created 106,400 new jobs in the U.S.in the first half of 2012, with 3.9 jobs per angel investment.