Markham 2020: Success By Design Focus on Small and Medium Size - - PowerPoint PPT Presentation

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Markham 2020: Success By Design Focus on Small and Medium Size - - PowerPoint PPT Presentation

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Markham 2020: Success By Design Focus on Small and Medium Size Enterprises Don De Los Santos, Manager Markham Small Business Centre Presentation to Economic Development Committee March 1, 2016 Contents Context SME overview in Markham Who are

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Markham 2020: Success By Design

Focus on Small and Medium Size Enterprises

Don De Los Santos, Manager Markham Small Business Centre

Presentation to Economic Development Committee March 1, 2016

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Contents

Context SME overview in Markham Who are Markham’s Entrepreneurs? MSBC Economic Impact The origin and evolution of ventureLAB ROI for the City of Markham Impact and Results Economic Development Challenges

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Markham 2020 Context

  • 10 year Economic Strategy adopted by Council

in 2008

  • A successful blueprint for guiding the City’s economic

development program

  • Identified need to support small business and

entrepreneurship, particularly among youth and the innovation/business sectors

Context

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Overview of Markham 2020 – Build Talented Markham, Build Branded Markham

BRANDED MARKHAM TALENTED MARKHAM

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(insert video)

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SMEs Overview # of Businesses by Size in Markham, 2007 to 2014

1000 2000 3000 4000 5000 6000 7000 8000 9000 Small (1-19 employees) Medium (20-99 employees) Large (100-499 employees) Very Large (500+ employees)

7142 949 189 20 8329 1123 246 22

2007 2014

Business Size Category 2007 (# of businesses) 2007 (% of Total) 2014 (# of businesses) 2014 (% of Total) Small (1-19 employees)

7,142 86.1% 8,329 85.7%

Medium (20 – 99 employees)

949 11.4% 1,123 11.6%

Large (100 – 499 employees)

189 2.2% 246 2.5%

Very Large (500+ employees)

20 0.3% 22 0.2%

Total

8,300 100.0% 9,720 100.0%

Source: York Region Employment and Industry Report (annual)

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SMEs Overview % of Total Jobs by Business Size in Markham, 2007 to 2014

Source: York Region Employment and Industry Report (annual)

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0.0% 5.0% 10.0% 15.0% 20.0% 25.0% 30.0% Small (1-19 employees) Medium (20-99 employees) Large (100-499 employees) Very Large (500+ employees)

26.0% 29.4% 26.4% 18.2% 25.6% 28.8% 29.3% 16.3%

2007 2014

Business Size Category 2007 (# of Jobs) 2007 (% of Jobs) 2014 (# of Jobs) 2014 (% of Jobs) Small (1-19 employees)

34,772 26.0% 39,958 25.6%

Medium (20 – 99 employees)

39,253 29.4% 44,955 28.8%

Large (100 – 499 employees)

35,311 26.4% 45,596 29.3%

Very Large (500+ employees)

24,274 18.2% 25,381 16.3%

Total

133,610 100.0% 155,890 100.0%

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SMEs Overview % of Businesses by Industry in Markham, 2007 to 2014

0.0% 5.0% 10.0% 15.0% 20.0% 25.0%

3.2% 8.9% 10.5% 19.6% 1.4% 1.4% 4.2% 2.8% 13.2% 3.5% 3.3% 6.0% 1.2% 8.1% 11.5% 3.6% 7.1% 9.5% 18.1% 1.3% 2.0% 4.5% 2.7% 12.6% 3.4% 4.3% 8.0% 1.3% 8.3% 12.3%

2007 2014

Source: York Region Employment and Industry Report (annual)

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Who are Markham’s Entrepreneurs? % of Businesses by Industry served by MSBC, 2012 to 2014

0.0% 5.0% 10.0% 15.0% 20.0% 25.0%

4.0% 4.6% 9.9% 10.9% 1.7% 1.7% 21.5% 2.3% 3.6% 2.6% 12.5% 12.2% 10.9% 3.2% 3.8% 7.9% 12.5% 0.9% 0.5% 20.6% 1.1% 4.3% 7.9% 9.3% 8.4% 16.3%

2012 2014

Source: Markham Small Business Centre Client Demographics

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Who are Markham’s Entrepreneurs? Age and Gender of Clients Accessing MSBC Services

0.0% 10.0% 20.0% 30.0% 40.0% 50.0% 60.0% 29 or under 30 to 49 50 to 64 65 or over

28.4% 58.7% 11.9% 44.7% 43.5% 11.8%

2012 2014 30.0% 35.0% 40.0% 45.0% 50.0% 55.0% 60.0% Male Female

53.8% 46.2% 52.4% 47.6%

2012 2014

Source: Markham Small Business Centre Client Demographics

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Who are Markham’s Entrepreneurs? Newcomers Accessing MSBC Services

0.0% 10.0% 20.0% 30.0% 40.0% 50.0% 60.0% 70.0% China

  • S. Asia

Middle East Europe Philippines Latin America Other

53.5% 10.6% 13.5% 8.8% 2.9% 1.2% 9.5% 61.3% 22.6% 2.2% 8.6% 2.2% 2.1% 1.0%

2012 2014

Source: Markham Small Business Centre Client Demographics

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Who are Markham’s Entrepreneurs?

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MSBC Services for Entrepreneurs

  • MSBC specializes in start-up and early-stage growth
  • Shift over past 3-4 years toward continuum of training
  • Now serving more Markham and regional entrepreneurs
  • One-on-One Consultation by Appointment
  • MSBC conducts over 500 in-depth consultations each year
  • Supplemented by special guest speaker topics:

Social Media, Legal, Sales, Branding, Finance, Import and Export

  • Annually >60 seminars / workshops / networking events
  • On average, reaching out to 2,000 clients every year

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MSBC Services for Entrepreneurs

  • Offering Youth Entrepreneurship Training and Mentoring Programs

— over the past 10 years, issued more than $350,000 in financial grants to youth in our community (primarily funded by Province) 19 awarded through Starter Company 103 awarded through Summer Company 58 awarded in Business Plan Competition

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Collaboration for Client Success

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MSBC Economic Impact (direct)

Direct Impact in Markham: 2007 to 2014 — Businesses Expanded: 58 — Businesses Started: 604 — Jobs Created: 911 Direct Impact in Markham: Past 9 months — Businesses Expanded: 11 — Businesses Started: 54 — Jobs Created: 113

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ventureLAB

The Regional Innovation Centre Serving Markham Entrepreneurs

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Jeremy Laurin President and CEO

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About ventureLAB

We help entrepreneurs BUILD high-growth, innovative, scalable businesses.

MISSION VISION

Where entrepreneurs create real businesses.

WHO WE ARE

ventureLAB is where talented entrepreneurs can access proven tools, expert mentors and business support to grow their innovative, scalable and growth-

  • riented businesses.

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It Takes An Ecosystem To Raise An Entrepreneur

Markham Convergence Centre

  • ventureLAB
  • York Angels
  • Markham Small Business Centre
  • York University – Innovation

York

  • Ontario Centres of Excellence

Seneca College

  • HELIX

York University

  • Launch YU

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Where ventureLAB came from

2005 2011 2003

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  • Programs & Services

– Education – Mentoring – Specialized programs

  • Board of Directors

– Representative of entrepreneurs, including public and private sectors

  • Areas of Expertise

– Advanced health technologies – Digital media – Information communications technology (ICT) – Clean technology – Green energy – Advanced materials and manufacturing – Social innovation

A Publicly Funded Regional Innovation Centre with Global Performance Standards and Objectives

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  • Financially supported by:

– City of Markham – Regional Municipality of York – Ministry of Research and Innovation (MRI) – NRC-IRAP – Canadian Digital Media Network (CDMN) – Event sponsorships

  • Investments made by funders since 2011:

– $1.5M from City of Markham – $7.5M from other funding partners

Funding and Leverage

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  • Leadership / Prestige / Reputation
  • Programs and Services / Capacity
  • Strategic Collaborations
  • Talent Recruitment and Retention
  • Business Retention and Attraction
  • Digital Corridor

Return On Investment (ROI) for the City of Markham

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ventureLAB Programs

Driving innovation in healthcare. Connecting entrepreneurs to investors in Ontario. Helping entrepreneurs plan, launch and expand a new venture.

Youth Entrepreneurship

  • Startup Canada York Region
  • Y2 high school boot camp
  • FIRST LEGO LeagueBOOST funding

Women in Technology and Innovation

  • Women Leaders in Innovation Peer Group
  • Women in Technology Mentorship

Program

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Driving social innovation and entrepreneurship.

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pulseHUB: Our Latest Initiative

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ventureLAB Clients

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ventureLAB Impact and Results

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ventureLAB Workshops & Events

CIHR Workshops Markham Convergence Centre Global Impact Competition Markham Civic Centre

Ministry of Research and Innovation Youth Jobs Strategy Announcement Markham Convergence Centre

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Client Success Stories

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  • 5-year Anniversary of ventureLAB
  • York University @ Markham Centre
  • Go Open Data Conference

May 6 & 7, 2016 at Seneca College Markham Campus “Building a better future through Open Data” Looking Ahead

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Economic Development Challenges

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  • Observed Challenges for SMEs:
  • Finding new clients
  • Need for mentors with direct experience in their specific type of

business/industry

  • Lack of government funding support
  • For growing companies: finding great staff
  • Gaps/weaknesses to address
  • Follow-up more regularly in early stages
  • Offer more content/interaction through online channels
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Scaling for Growth: Challenges

  • Active and growing innovation ecosystem = increased client demand
  • Changing trends and best practices = curriculum updates needed

regularly

  • Limited resources to meet demand
  • Help existing businesses scale up and grow
  • Connected Community Partners = It Takes an Ecosystem to

Raise an Entrepreneur

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Markham 2020: Success by Design

Public Engagement Sponsored by: