Greater Oklahoma City Chamber - New year is a time to seize momentum on diversifying Oklahoma's economy

New year is a time to seize momentum on diversifying Oklahoma's economy

Wednesday, December 30, 2015

By Scott Meacham
For The Oklahoman

It's that time of the year again — a time for facing forward while looking back at what has occurred over the past year.

In the world of startups, there's no time to waste waiting for the last chorus of Auld Lang Syne, so at i2E we are briefly pausing to reflect on 2015's accomplishments as we are already preparing for a successful 2016.

That's the thing about entrepreneurship. It's a continuum. A state can't be successful if the commitment to new business creation is on-again, off-again. Legislatures, corporations, research institutions, and investors have to be in it for the long haul. The eventual payout will come through new, high paying jobs and the creation of wealth.

i2E has been the primary source of early stage and angel capital for Oklahoma's emerging small businesses for nearly two decades.

In fiscal year 2015, we provided assistance to 76 entrepreneurial companies, positioning 34 of those for funding, with 31 client companies obtaining more than $49MM in private equity capital. In the last year, we've invested in more companies with greater potential for growth than ever before.

It looks like our years of efforts in building a strong community of entrepreneurs and startups across the state is finally starting to pay big dividends.  

Read the rest of this story at NewsOK.com.

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.