Community Venture Capital

by Cody Fleischfresser | Apr 03, 2013
| 1 Comment

Summary:

My idea is to use the 1 Million dollars to create an organization focused on the development and sustainability of the local economy through providing capital and capacity building around entrepreneurship. This organization would essentially be a Community Venture Capital organization that invests in the next big idea, but also in the everyday businesses that are necessary to make St. Paul 'the most livable city.'

About You

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About You

First Name

Cody

Last Name

Fleischfresser

City

St. Paul

County

Ramsey

Country

United States

Website (if you have one)

Names of others who helped contribute to my idea

How did you hear about the Forever Saint Paul Challenge?

About Your Organization (if applicable)

Organization Name (if applicable)

NA

Organization Website

Organization Phone

Organization Address

City

Organization Country

United States

Your idea

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Title of your idea

Community Venture Capital

Give us the highlights of your idea for making Saint Paul great (2,000 characters maximum or approx. 250 words)

My idea is to use the 1 Million dollars to create an organization focused on the development and sustainability of the local economy through providing capital and capacity building around entrepreneurship. This organization would essentially be a Community Venture Capital organization that invests in the next big idea, but also in the everyday businesses that are necessary to make St. Paul 'the most livable city.'

Website address (if applicable)

Innovation

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What makes your idea different or unexpected? (4000 characters maximum or approx. 500 words)

This organization would have two distinct goals:
1) Create an atmosphere in St. Paul where innovation can thrive - where the next 3M, Intel, or Facebook could be born in St. Paul.

2) Create a vibrant and healthy local economy that prioritizes local ownership and local connection through investment and consultation with local businesses

Impact

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This Entry is about (Issues)

How will your idea make a difference in Saint Paul? (4000 characters maximum or approx. 500 words)

See Innoavation section:

This impact this organization would have is pretty self evident. St. Paul can position itself as a hub on innovation an economy that will be increasingly dependent upon innovation and deeper meaning in products and services. This means good jobs, attracting people to the city, and a healthy civic culture that fosters collaboration between government, enterprise, and the community.

There is also the opportunity to develop and promote local businesses. We cannot simply rely on the next big idea to help make St. Paul a great place to live and work, but we need strong locally owned businesses providing the an increasing share of the goods and services the residents of St. Paul (and the larger metro area) need everyday. We can help these businesses thrive.

Sustainability

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Why do you think people will recognize or remember your idea after it comes to life? How might it inspire others to do something similar in their community? (4000 characters maximum or approx. 500 words)

Developing the next big idea, and simultaneously building local business requires capital. Which is why the Forever St. Paul Challenge gift is so important to getting this idea off of the ground. If properly managed - and leveraged in a way to raise additional funding - this 1 million dollar prize can live on into perpetuity and have a sustained and meaningful impact to St. Paul

bhjhgj hgjjg said: Capital should be higher. In the business you really have to do your part. - YOR Health about this Competition Entry. - 2625 days ago read more >

Cody Fleischfresser updated this Competition Entry. - 2848 days ago

Cody Fleischfresser submitted this idea. - 2849 days ago