Black Innovation & Competitiveness Initiative
Black Innovation & Competitiveness Initiative
BICI Johnathan M. Holifield CEO, Black Innovation and Competitiveness Initiative [email protected] March 8, 2011
www.BlackInnovation.org
Black Innovation & Competitiveness Initiative Significance of this Moment and Place Montgomery, Alabama At the close of the Bridge Crossing Jubilee, the annual commemoration of the Selma to Montgomery March and a pilgrimage to walk across the Edmund Pettus Bridge . . . The Montgomery Bus Boycott officially started on December 1, 1955, was a seminal moment in Black America’s quest for Constitutional Citizenship . . . First Annual Alabama State University-HBCU Conference started on March 7, 2011, is a seminal moment in Black America’s quest for Equity Citizenship!
Black Innovation & Competitiveness Initiative
Where we are: New Narrative Innovation Economy: The economic period of the late 20th and early 21st centuries marked by radical socioeconomic changes brought about by the globalization of commerce, democratization of information, exponential growth of entrepreneurship and acceleration of new knowledge creation. Constitutional Citizenship: Citizens of the United States by birthright, as enshrined in the Constitution. Constitutional citizens are full and equal American citizens under law, but they do not have much, if any, underlying ownership interests in the nation and do not share in the best national opportunities. Equity Citizenship: Citizens of the United States who are partners and have meaningful ownership interests in the nation. Equity citizens are entitled and able to access an equitable proportion of America’s best opportunities to achieve economic prosperity.
Black Innovation & Competitiveness Initiative
BICI: What is it? The Black Innovation and Competitiveness Initiative (BICI), is a national startup not-for-profit corporation providing an online community platform and a wide range of intermediary advocacy and advisory services to governments, communities, organizations, education institutions and businesses, designed to aggressively address the innovation and competitiveness crisis in Black America.
Black Innovation & Competitiveness Initiative
BICI Mission Statement The Black Innovation and Competitiveness Initiative is an open, collaborative and innovative platform that fosters solutions-based approaches to 21st century community economic development. Supported by three essential pillars of innovation — education, capital and entrepreneurship — the BICI strategy seeks to leverage existing assets within Black American communities to create new opportunities and ensure competitiveness in the global Innovation Economy. The BICI will facilitate a new narrative to inspire free exchange of innovative ideas among community, business, government and education leaders, students and entrepreneurs, with a goal of achieving exponentially greater economic growth and prosperity throughout Black America.
Black Innovation & Competitiveness Initiative
BICI: The Crisis
Black Innovation & Competitiveness Initiative Funding 2010
% Black-owned tech businesses received just 1% of angel and venture capital funding compared to: 12% for Asians and 87% for Whites. source CB Insights Report 2010
Black Innovation & Competitiveness Initiative BLACK AMERICA GDP
$137.4B
%
Black America produced LESS THAN ONE PERCENT of the total U.S. GDP in 2010. Source: U.S. Census based on 2007 data
$14T
Black Innovation & Competitiveness Initiative FEDERAL R&D SUPPORT AT HBCUs
$294.2M
%
$25B
On average, HBCUs received JUST OVER ONE PERCENT of the total federal R&D support. Source: Federal Research and Development Funding at Historically Black Colleges and Universities, Updated September 26, 2008
Black Innovation & Competitiveness Initiative Black Business Productivity = Less than 1% of U.S. economy
< 1%
GDP: The measure of an economy adopted by the United States in 1991; the total market values of goods and services produced by workers and capital within a nation's borders during a given period (usually 1 year). wordnetweb.princeton.edu/perl/webwn
Total number of U.S. businesses = 27,110,362
Black-owned businesses = 1.9 million Receipts = $137.4B (up 55% since 2002) Source: Census (based on 2007 data)
Billion vs Trillion
Black Innovation & Competitiveness Initiative Average Annual Sales 2010
$439K
White Business: $439,579
$74K
Black Business: $74,018 Firms with number of employees (thousands)
Total Firms None 1 - 4
5-9
10-19
20-49
50-99 100-499
500+
Black
95
19
47
14
7
4
1
1
BICI Johnathan M. Holifield CEO, Black Innovation and Competitiveness Initiative [email protected] March 8, 2011
www.BlackInnovation.org
Black Innovation & Competitiveness Initiative Significance of this Moment and Place Montgomery, Alabama At the close of the Bridge Crossing Jubilee, the annual commemoration of the Selma to Montgomery March and a pilgrimage to walk across the Edmund Pettus Bridge . . . The Montgomery Bus Boycott officially started on December 1, 1955, was a seminal moment in Black America’s quest for Constitutional Citizenship . . . First Annual Alabama State University-HBCU Conference started on March 7, 2011, is a seminal moment in Black America’s quest for Equity Citizenship!
Black Innovation & Competitiveness Initiative
Where we are: New Narrative Innovation Economy: The economic period of the late 20th and early 21st centuries marked by radical socioeconomic changes brought about by the globalization of commerce, democratization of information, exponential growth of entrepreneurship and acceleration of new knowledge creation. Constitutional Citizenship: Citizens of the United States by birthright, as enshrined in the Constitution. Constitutional citizens are full and equal American citizens under law, but they do not have much, if any, underlying ownership interests in the nation and do not share in the best national opportunities. Equity Citizenship: Citizens of the United States who are partners and have meaningful ownership interests in the nation. Equity citizens are entitled and able to access an equitable proportion of America’s best opportunities to achieve economic prosperity.
Black Innovation & Competitiveness Initiative
BICI: What is it? The Black Innovation and Competitiveness Initiative (BICI), is a national startup not-for-profit corporation providing an online community platform and a wide range of intermediary advocacy and advisory services to governments, communities, organizations, education institutions and businesses, designed to aggressively address the innovation and competitiveness crisis in Black America.
Black Innovation & Competitiveness Initiative
BICI Mission Statement The Black Innovation and Competitiveness Initiative is an open, collaborative and innovative platform that fosters solutions-based approaches to 21st century community economic development. Supported by three essential pillars of innovation — education, capital and entrepreneurship — the BICI strategy seeks to leverage existing assets within Black American communities to create new opportunities and ensure competitiveness in the global Innovation Economy. The BICI will facilitate a new narrative to inspire free exchange of innovative ideas among community, business, government and education leaders, students and entrepreneurs, with a goal of achieving exponentially greater economic growth and prosperity throughout Black America.
Black Innovation & Competitiveness Initiative
BICI: The Crisis
Black Innovation & Competitiveness Initiative Funding 2010
% Black-owned tech businesses received just 1% of angel and venture capital funding compared to: 12% for Asians and 87% for Whites. source CB Insights Report 2010
Black Innovation & Competitiveness Initiative BLACK AMERICA GDP
$137.4B
%
Black America produced LESS THAN ONE PERCENT of the total U.S. GDP in 2010. Source: U.S. Census based on 2007 data
$14T
Black Innovation & Competitiveness Initiative FEDERAL R&D SUPPORT AT HBCUs
$294.2M
%
$25B
On average, HBCUs received JUST OVER ONE PERCENT of the total federal R&D support. Source: Federal Research and Development Funding at Historically Black Colleges and Universities, Updated September 26, 2008
Black Innovation & Competitiveness Initiative Black Business Productivity = Less than 1% of U.S. economy
< 1%
GDP: The measure of an economy adopted by the United States in 1991; the total market values of goods and services produced by workers and capital within a nation's borders during a given period (usually 1 year). wordnetweb.princeton.edu/perl/webwn
Total number of U.S. businesses = 27,110,362
Black-owned businesses = 1.9 million Receipts = $137.4B (up 55% since 2002) Source: Census (based on 2007 data)
Billion vs Trillion
Black Innovation & Competitiveness Initiative Average Annual Sales 2010
$439K
White Business: $439,579
$74K
Black Business: $74,018 Firms with number of employees (thousands)
Total Firms None 1 - 4
5-9
10-19
20-49
50-99 100-499
500+
Black
95
19
47
14
7
4
1
1
