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Boston World Partnerships

       GROWTH. IMPACT. VALUE THROUGH
       STRATEGIC PARTNERSHIPS.

Yoon Lee, Executive Director I yoon@bostonworldpartnerships.com I o 617-929-8627 I m 781-367-2403
ABOUT BOSTON WORLD PARTNERSHIPS


   Boston World Partnerships ("BWP"), founded and chaired by Mayor
      Menino, exists to promote Greater Boston as a vibrant place to live, work and
      do business.

   To achieve this goal, we have created an international influencer network with
      the mission of strengthening Greater Boston's economy by helping businesses
      and organizations identify business opportunities, make targeted
      connections in Greater Boston's diverse innovation economy, and access
      resources to grow in the region.

   The BWP network brings together innovators, entrepreneurs, and a wide range
      of business influencers and thought leaders. Through a varied range of
      partnerships with local business organizations, media and government, BWP
      is the sole economic development agency that represents Greater Boston
      region at the ground level.




Yoon Lee, Executive Director I yoon@bostonworldpartnerships.com I o 617-929-8627 I m 781-367-2403
BOSTON WORLD PARTNERSHIPS:
   Network-Powered Growth Engine


           We are leaders.
           Mayor Thomas M. Menino
           Founder & Chairman of the Board

           Mark Maloney
           President of the Board
           Former Chief Economic Development Officer of Boston

           Frank Britt
           CEO, Penn Foster
           Advisory Partner, Bain Capital Ventures

           John McArthur
           Former Dean
           Harvard Business School

           Chris Mayer
           Special Advisor
           Publisher, The Boston Globe


           *A select number of BWP board members to demonstrate its caliber.




Yoon Lee, Executive Director I yoon@bostonworldpartnerships.com I o 617-929-8627 I m 781-367-2403
BOSTON WORLD PARTNERSHIPS:
    Network-Powered Growth Engine



     We are Connectors.

     BWP Connectors are a unique and resourceful
     global network of committed professionals
     who represent the diverse business community
     of                Greater                 Boston:
     banking,       biotech,     healthcare,      high
     tech,               venture                capital
     investment, startup, consumer products, legal
     services, design, IT, academia, and arts.

     They are
        -subject matter expects
        -diverse
        -international
        -connected
        -involved




Yoon Lee, Executive Director I yoon@bostonworldpartnerships.com I o 617-929-8627 I m 781-367-2403
CONNECTORS ARE…
   Leaders in Greater Boston
        • 68% of Connectors are CXO level or higher in their organizations
        • 20% of all Connectors are either President or Founders/Co-founders of their organization
   Diverse
        • 28% are professionals, who represent global ethnic groups.
        • 41% of Connectors are women.
   International
        • Representing the most active international agencies, consulates, and business associations –
          e.g. swissnex, French Consulate, British Consulate, Boston Irish Business Association, Office
          of the Vice-Prime Minister of Belgium, to name a few
        • Traveling abroad often to conduct business, expanding networks in
          France, Germany, India, Argentina, Brazil and other countries
   Connected
        • 98% of Connectors have LinkedIn accounts, almost 60% of which have over 500 connections
        • 75% of Connectors have Twitter with an average of 1100 followers
   Involved
        • 100% of Connectors are in at least 1 more organization, 82% are in 2 more, and 15% in 5 or
          more organizations.
        • Over half of Connectors are leaders in non-profit or volunteer organizations




Yoon Lee, Executive Director I yoon@bostonworldpartnerships.com I o 617-929-8627 I m 781-367-2403
WHAT WE DO


                        Market Boston + Make Connections
                          = Generate Economic Growth

   INFORM                                                          CONNECT
   We inform the world about Boston’s                              We make
   innovative assets by social media                               targeted, timely, efficient business
   campaigns, offline events, strategic                            connections and help businesses
   partners and premier media                                      find resources, ideas, and talent.
   partnership.
      BOSTON =
     innovation + talent




Yoon Lee, Executive Director I yoon@bostonworldpartnerships.com I o 617-929-8627 I m 781-367-2403
WHAT IS BWP’S UNIQUE VALUE PROPOSITION?

                    PARTNERSHIPS + ACCESS

   GOVERNMENT                              BUSINESS




   BOSTON =
  innovation + talent

   MEDIA                              ACADEMIA




                                 * The logos represent a select number of partners in BWP community as examples.
Who does BWP serve?

  New entrants
  businesses and professionals looking to expand to and learn more about Boston

  Mid to large corporations
  who want to access and invest in Boston’s innovative capacity – its startup
  community, intellectual capital, emerging technologies

  Entrepreneurs
  international & local - exploring resources from a diverse network to launch their business

  Government & economic development agencies
  seeking to create bilateral relationships with Boston and Massachusetts

  Local businesses
  small to big, who are looking for current news about Boston, business
  opportunities, government connection, and access to talented minds

  Local professionals
  who offer their professional skills to enhance the city and community they love
BWP PROGRAMS
   Connector Program
       Boston World Partnership Connectors are the cornerstone of the organization. They inform the world
       about doing business in Boston and connect fellow businesspeople with the resources they need to
       launch, locate or grow.

   Global Business Hub on Boston.com
        BWP Connectors and guest bloggers contribute on Global Business Hub blog on Boston Globe’s
        Boston.com business section, making it one of the highest viewed blog on the site. Global Business Hub
        covers a wide range of topics: Boston’s innovation story, Business tips, Industry trends, event
        coverage, global perspective on Boston.

   Captains of Innovation
        A joint program with Venture Café Foundation of Cambridge Innovation Center, Captains of Innovation
        creates partnership and growth opportunities between multinational corporations and high-potential
        startups in Greater Boston. We serve as a trusted and knowledgeable local partner to navigate the
        diverse and dynamic startup community in Boston.

   Outer Spaces
        Outer Spaces matches unused office space in Greater Boston with startups and small businesses. It is an
        innovative program designed to provide entrepreneurs with a professional working environment and
        host companies with an efficient cost-cutting measure.

   Strategy Session
        BWP Strategy Sessions help early-stage entrepreneurs find the specific expertise they need. You tell us
        your hurdles, and we customize a panel of seasoned managers, investors, and industry experts to help
        you address those challenges.



Yoon Lee, Executive Director I yoon@bostonworldpartnerships.com I o 617-929-8627 I m 781-367-2403
Highlights of the Massachusetts Innovation Economy1
   •      Leading research universities, academic health centers, research institutes, and
          other non-profits in Massachusetts attract more than $3.3 billion annually to
          support research in advancing the frontiers of knowledge.

   •      Companies in Massachusetts perform more than $13.3 billion in corporate and
          federally-sponsored research, creating a climate for innovation that is among the
          most R&D intensive ($ R&D/$ GDP) in the world. (Measured as the ratio of R&D
          investment / gross state product)

   •      Massachusetts academic institutions grant 40% more engineering degrees per
          capita than the closest competing Leading Technology State.

   •      Massachusetts students ranked 2nd globally in international TIMSS exam for fourth
          grade science, 4th globally in fourth grade mathematics.

   •      Massachusetts has the highest level of venture capital investment per high
          technology establishment in the country – four times the US average and more
          than 35% higher than California, its closest competitor.

1 Massachusetts Technology Collaborative John Adams Innovation Institute




                                                                           Yoon Lee
Massachusetts: #1 in talent




#1 producer of college graduates
• 30% more per capita than the next
closest state in the U.S.
• #1 among leading nations

Boston area alone:
50+ colleges and universities with
225,000+ students
                                                                                 Yoon Lee
 Entrepreneurial Impact: The Role of MIT, E. Roberts, C. Eesley, MIT Sloan and the Kauffman Institutte, February 2009. Map: http://goo.gl/FmWlo
Boston is #1 in venture capital in the US




Source: NVCA 2009 Yearbook. Graphic taken from "Boston Startup Scene" presentation by Jeffrey Bussgang, Flybridge Capital Partners. http://www.slideshare.
net/bussgang/boston-startup-scene-picture-presentation-212
Massachusetts: a global hub of innovation, capital, and talent

•        In 2007, $25.4 billion was spent on R&D in                                      •   1st in the world in academic articles
         Massachusetts                                                                       published per capita (2007)
•        1st in science and technology capabilities in                                   •   3rd in the world in patents published per
         the United States (2010, The Milken                                                 billion dollars of GDP under the Patent
         Institute)                                                                          Cooperation Treaty (2009, WIPO)
•        1st in innovation capacity in the US                                            •   Kendall Square, in Cambridge, has the
         (2010, The Kauffman Foundation for                                                  highest concentration of venture-backed
         Entrepreneurship and Information                                                    biotech and IT firms in the world
         Technology & Innovation Foundation)
•        1st among states in education level of the
         workforce
•        1st among states in industry-performed R%D
         as a percent of industry output (2007)
•        1st among states in venture capital
         investment per capita, 34% higher than
         California (2010)
•        1st among states in technology licenses and
         options executed by universities, hospitals
         and nonprofit research institutes




    http://www.massitsallhere.com/sites/default/files/MA_Innovation_Revolution_PDF.pdf
Massachusetts: a low tax state

•   In 2007, Massachusetts (4.0%) ranked well below
    the national average (4.7%) in business taxes as a
    percentage of Gross State Product
•   This placed Massachusetts 8th of 50 states
•   Massachusetts (10.5%) also ranked well below the
    national average (11.3%) in all taxes as a percentage
    of State Personal Income
•   This placed Massachusetts 13th of 50 states


                          Yoon Lee
4 top reasons why you should invest in the state of
Massachusetts and in Boston

1.   Economic Development Incentive Program
2.   Investment Tax Credit (ITC)
3.   Research & Development Tax Credit
4.   Tax Increment Financing (TIF)




                         Yoon Lee
Economic Development Incentive Program

The Economic Development Incentive Program
  (EDIP) is a tax incentive program designed to
  foster job creation and stimulate business growth
  throughout the Commonwealth. Participating
  companies may receive state and local tax
  incentives in exchange for job
  creation, manufacturing job retention and private
  investment commitments.

http://www.mass.gov/hed/business/incentives/edip/


                                 Yoon Lee
Investment Tax Credit

The Massachusetts Investment Tax Credit (ITC)
  offers a three-percent credit for qualifying
  businesses against their Massachusetts
  corporate excise tax. The credit is to be used
  for the purchase and lease of qualified
  tangible property used in the course of doing
  business.

http://www.mass.gov/hed/business/incentives/investment-tax-credit.html

                                 Yoon Lee
Research and Development Tax Credit

The R&D tax credit closely resembles the federal
  credit program, however, it specifically offers
  qualifying Massachusetts companies many
  unique features for doing business in
  Massachusetts.

http://www.mass.gov/hed/business/incentives/r-and-d-tax-credit.html




                                  Yoon Lee
Tax Increment Financing

Massachusetts' version of Tax Increment Financing
 allows municipalities to provide flexible targeted
 incentives to stimulate job-creating
 development.

http://www.mass.gov/hed/business/incentives/tax-increment-financing-tif.html




                                  Yoon Lee
Contact:
Yoon Lee, Executive Director
yoon@bostonworldpartnerships.com
o 617-929-8627
m 781-367-2403

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Boston as a preffered Investment Destination

  • 1. Boston World Partnerships GROWTH. IMPACT. VALUE THROUGH STRATEGIC PARTNERSHIPS. Yoon Lee, Executive Director I yoon@bostonworldpartnerships.com I o 617-929-8627 I m 781-367-2403
  • 2. ABOUT BOSTON WORLD PARTNERSHIPS Boston World Partnerships ("BWP"), founded and chaired by Mayor Menino, exists to promote Greater Boston as a vibrant place to live, work and do business. To achieve this goal, we have created an international influencer network with the mission of strengthening Greater Boston's economy by helping businesses and organizations identify business opportunities, make targeted connections in Greater Boston's diverse innovation economy, and access resources to grow in the region. The BWP network brings together innovators, entrepreneurs, and a wide range of business influencers and thought leaders. Through a varied range of partnerships with local business organizations, media and government, BWP is the sole economic development agency that represents Greater Boston region at the ground level. Yoon Lee, Executive Director I yoon@bostonworldpartnerships.com I o 617-929-8627 I m 781-367-2403
  • 3. BOSTON WORLD PARTNERSHIPS: Network-Powered Growth Engine We are leaders. Mayor Thomas M. Menino Founder & Chairman of the Board Mark Maloney President of the Board Former Chief Economic Development Officer of Boston Frank Britt CEO, Penn Foster Advisory Partner, Bain Capital Ventures John McArthur Former Dean Harvard Business School Chris Mayer Special Advisor Publisher, The Boston Globe *A select number of BWP board members to demonstrate its caliber. Yoon Lee, Executive Director I yoon@bostonworldpartnerships.com I o 617-929-8627 I m 781-367-2403
  • 4. BOSTON WORLD PARTNERSHIPS: Network-Powered Growth Engine We are Connectors. BWP Connectors are a unique and resourceful global network of committed professionals who represent the diverse business community of Greater Boston: banking, biotech, healthcare, high tech, venture capital investment, startup, consumer products, legal services, design, IT, academia, and arts. They are -subject matter expects -diverse -international -connected -involved Yoon Lee, Executive Director I yoon@bostonworldpartnerships.com I o 617-929-8627 I m 781-367-2403
  • 5. CONNECTORS ARE… Leaders in Greater Boston • 68% of Connectors are CXO level or higher in their organizations • 20% of all Connectors are either President or Founders/Co-founders of their organization Diverse • 28% are professionals, who represent global ethnic groups. • 41% of Connectors are women. International • Representing the most active international agencies, consulates, and business associations – e.g. swissnex, French Consulate, British Consulate, Boston Irish Business Association, Office of the Vice-Prime Minister of Belgium, to name a few • Traveling abroad often to conduct business, expanding networks in France, Germany, India, Argentina, Brazil and other countries Connected • 98% of Connectors have LinkedIn accounts, almost 60% of which have over 500 connections • 75% of Connectors have Twitter with an average of 1100 followers Involved • 100% of Connectors are in at least 1 more organization, 82% are in 2 more, and 15% in 5 or more organizations. • Over half of Connectors are leaders in non-profit or volunteer organizations Yoon Lee, Executive Director I yoon@bostonworldpartnerships.com I o 617-929-8627 I m 781-367-2403
  • 6. WHAT WE DO Market Boston + Make Connections = Generate Economic Growth INFORM CONNECT We inform the world about Boston’s We make innovative assets by social media targeted, timely, efficient business campaigns, offline events, strategic connections and help businesses partners and premier media find resources, ideas, and talent. partnership. BOSTON = innovation + talent Yoon Lee, Executive Director I yoon@bostonworldpartnerships.com I o 617-929-8627 I m 781-367-2403
  • 7. WHAT IS BWP’S UNIQUE VALUE PROPOSITION? PARTNERSHIPS + ACCESS GOVERNMENT BUSINESS BOSTON = innovation + talent MEDIA ACADEMIA * The logos represent a select number of partners in BWP community as examples.
  • 8. Who does BWP serve? New entrants businesses and professionals looking to expand to and learn more about Boston Mid to large corporations who want to access and invest in Boston’s innovative capacity – its startup community, intellectual capital, emerging technologies Entrepreneurs international & local - exploring resources from a diverse network to launch their business Government & economic development agencies seeking to create bilateral relationships with Boston and Massachusetts Local businesses small to big, who are looking for current news about Boston, business opportunities, government connection, and access to talented minds Local professionals who offer their professional skills to enhance the city and community they love
  • 9. BWP PROGRAMS Connector Program Boston World Partnership Connectors are the cornerstone of the organization. They inform the world about doing business in Boston and connect fellow businesspeople with the resources they need to launch, locate or grow. Global Business Hub on Boston.com BWP Connectors and guest bloggers contribute on Global Business Hub blog on Boston Globe’s Boston.com business section, making it one of the highest viewed blog on the site. Global Business Hub covers a wide range of topics: Boston’s innovation story, Business tips, Industry trends, event coverage, global perspective on Boston. Captains of Innovation A joint program with Venture Café Foundation of Cambridge Innovation Center, Captains of Innovation creates partnership and growth opportunities between multinational corporations and high-potential startups in Greater Boston. We serve as a trusted and knowledgeable local partner to navigate the diverse and dynamic startup community in Boston. Outer Spaces Outer Spaces matches unused office space in Greater Boston with startups and small businesses. It is an innovative program designed to provide entrepreneurs with a professional working environment and host companies with an efficient cost-cutting measure. Strategy Session BWP Strategy Sessions help early-stage entrepreneurs find the specific expertise they need. You tell us your hurdles, and we customize a panel of seasoned managers, investors, and industry experts to help you address those challenges. Yoon Lee, Executive Director I yoon@bostonworldpartnerships.com I o 617-929-8627 I m 781-367-2403
  • 10. Highlights of the Massachusetts Innovation Economy1 • Leading research universities, academic health centers, research institutes, and other non-profits in Massachusetts attract more than $3.3 billion annually to support research in advancing the frontiers of knowledge. • Companies in Massachusetts perform more than $13.3 billion in corporate and federally-sponsored research, creating a climate for innovation that is among the most R&D intensive ($ R&D/$ GDP) in the world. (Measured as the ratio of R&D investment / gross state product) • Massachusetts academic institutions grant 40% more engineering degrees per capita than the closest competing Leading Technology State. • Massachusetts students ranked 2nd globally in international TIMSS exam for fourth grade science, 4th globally in fourth grade mathematics. • Massachusetts has the highest level of venture capital investment per high technology establishment in the country – four times the US average and more than 35% higher than California, its closest competitor. 1 Massachusetts Technology Collaborative John Adams Innovation Institute Yoon Lee
  • 11. Massachusetts: #1 in talent #1 producer of college graduates • 30% more per capita than the next closest state in the U.S. • #1 among leading nations Boston area alone: 50+ colleges and universities with 225,000+ students Yoon Lee Entrepreneurial Impact: The Role of MIT, E. Roberts, C. Eesley, MIT Sloan and the Kauffman Institutte, February 2009. Map: http://goo.gl/FmWlo
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  • 13. Boston is #1 in venture capital in the US Source: NVCA 2009 Yearbook. Graphic taken from "Boston Startup Scene" presentation by Jeffrey Bussgang, Flybridge Capital Partners. http://www.slideshare. net/bussgang/boston-startup-scene-picture-presentation-212
  • 14. Massachusetts: a global hub of innovation, capital, and talent • In 2007, $25.4 billion was spent on R&D in • 1st in the world in academic articles Massachusetts published per capita (2007) • 1st in science and technology capabilities in • 3rd in the world in patents published per the United States (2010, The Milken billion dollars of GDP under the Patent Institute) Cooperation Treaty (2009, WIPO) • 1st in innovation capacity in the US • Kendall Square, in Cambridge, has the (2010, The Kauffman Foundation for highest concentration of venture-backed Entrepreneurship and Information biotech and IT firms in the world Technology & Innovation Foundation) • 1st among states in education level of the workforce • 1st among states in industry-performed R%D as a percent of industry output (2007) • 1st among states in venture capital investment per capita, 34% higher than California (2010) • 1st among states in technology licenses and options executed by universities, hospitals and nonprofit research institutes http://www.massitsallhere.com/sites/default/files/MA_Innovation_Revolution_PDF.pdf
  • 15. Massachusetts: a low tax state • In 2007, Massachusetts (4.0%) ranked well below the national average (4.7%) in business taxes as a percentage of Gross State Product • This placed Massachusetts 8th of 50 states • Massachusetts (10.5%) also ranked well below the national average (11.3%) in all taxes as a percentage of State Personal Income • This placed Massachusetts 13th of 50 states Yoon Lee
  • 16. 4 top reasons why you should invest in the state of Massachusetts and in Boston 1. Economic Development Incentive Program 2. Investment Tax Credit (ITC) 3. Research & Development Tax Credit 4. Tax Increment Financing (TIF) Yoon Lee
  • 17. Economic Development Incentive Program The Economic Development Incentive Program (EDIP) is a tax incentive program designed to foster job creation and stimulate business growth throughout the Commonwealth. Participating companies may receive state and local tax incentives in exchange for job creation, manufacturing job retention and private investment commitments. http://www.mass.gov/hed/business/incentives/edip/ Yoon Lee
  • 18. Investment Tax Credit The Massachusetts Investment Tax Credit (ITC) offers a three-percent credit for qualifying businesses against their Massachusetts corporate excise tax. The credit is to be used for the purchase and lease of qualified tangible property used in the course of doing business. http://www.mass.gov/hed/business/incentives/investment-tax-credit.html Yoon Lee
  • 19. Research and Development Tax Credit The R&D tax credit closely resembles the federal credit program, however, it specifically offers qualifying Massachusetts companies many unique features for doing business in Massachusetts. http://www.mass.gov/hed/business/incentives/r-and-d-tax-credit.html Yoon Lee
  • 20. Tax Increment Financing Massachusetts' version of Tax Increment Financing allows municipalities to provide flexible targeted incentives to stimulate job-creating development. http://www.mass.gov/hed/business/incentives/tax-increment-financing-tif.html Yoon Lee
  • 21. Contact: Yoon Lee, Executive Director yoon@bostonworldpartnerships.com o 617-929-8627 m 781-367-2403