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How might we restore vibrancy in cities and regions facing economic decline? Read the challenge brief

Inspiration

Mission #5 Surprise Us Find out more...

Venture for America - starting with students

It's a vicious circle: cities that lose their industry are not attractive for young college graduates, and so there's no new talent, no new young fresh ideas to boost the economy. Venture for America takes this challenge head on.
Venture for America recruits graduate students to work for two years in startups. But rather than pick the usual suspects: silicon valley or New York, it focusses on placing those graduates in 'low-cost' cities which are struggling: Detroit, Providence, New Orleans, etc. Here's a quote from their site:

"OUR MISSION

Venture for America will recruit the best and brightest college grads to work for two years at emerging start-ups and early-stage companies in lower-cost cities (e.g., Detroit, Providence, New Orleans). Modeled after Teach for America, Venture for America will provide a path for entrepreneurship to college grads who want to learn how to build companies and create jobs.

Goals:

  • Drive talent to create jobs and spur enterprise in lower-cost cities.
  • Provide a path for entrepreneurship for young, talented college graduates.
  • Encourage entrepreneurship in parts of the United States that struggle to attract young college graduates.

The goal is that a substantial proportion of the VFA Fellows will become successful entrepreneurs, preferably rooted in the communities to which they’re assigned. Venture for America's purpose is job generation - our goal is to generate 100,000 U.S. jobs by 2025."

It's so inspiring to see approaches like this, which frame what might be seen as a problem by some, and turn it into an opportunity.

Check out Venture for America here. Is there something like this where you live in the world? Add it to the challenge!


Mission #5 Surprise Us Find out more...

Comments

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November 20, 2011, 11:07AM
This seems somewhat similar to The Detroit Revitalization Fellows Program - http://wayne.edu/detroitfellows - in which mid-career professionals are placed in minimum 2 year placements in civic organisations in Detroit.
November 11, 2011, 12:34AM
Hi Nathan, thanks for sharing this!
It's a very inspirational program, and attractive to me as I see myself in that target audience.

It reminds me of a similar program my home town of Porto in Portugal set up a couple years ago, by the 'Youth Foundation' in Portugal. It's called 'Talent Factory', and is based in the old town of the city, smack in its center, an area which is quite degraded at the moment, needing a lot of renovation, but has a huge history and is beautiful. The Talent Factory opened as a "project aiming to support maximum integration of Young Artists in working life, providing tools and strategies to support development of their projects, supporting them through training, creativity, production, and promotion of their work" it's a mix of an office rental space with education, for young people in the art world. (Note: This is a public institution.)

Link with Google Translate: http://translate.google.com/translate?sl=pt&tl=en&js=n&prev=_t&hl=en&ie=UTF-8&layout=2&eotf=1&u=http%3A%2F%2Fwww.fjuventude.pt%2Fequipamentos-15-palacio-das-artes-fabrica-de-talentos
Nathan Waterhouse's reply to Charlotte Fliegner's comment
November 11, 2011, 03:39AM
Ana, that's brilliant! Why don't you add that as a separate inspiration? I think it's really interesting.
Ana Cecilia Santos's reply to Charlotte Fliegner's comment
November 11, 2011, 11:41AM
Glad you found that interesting Nathan.. I might just do that this afternoon when I have some spare time :)
November 09, 2011, 09:22PM
I appreciate how this program encourages entrepreneurship in parts of the country that struggle to keep graduates and attract talent.

While definitely not a "low-cost" city, New York has a program aiming to "keep kids off the Street"--meaning Wall Street--and to cultivate an innovation community that supports start ups, etc. instead. You can find out more about the HackNY program here: http://hackny.org
November 08, 2011, 09:37PM
As you highlight, Nathan – brilliant reframing of a problem as an opportunity. Way to go Venture For America! Who knows of other platforms which engage students to venture beyond their usual paths which we might also learn from?
Vincent Cheng's reply to Charlotte Fliegner's comment
November 08, 2011, 10:40PM
Agreed. Great reframing & recognition that problems are also opportunities.

Think it's interesting to note that Venture For America targets certain high potential industries such as energy, biotech, nanotech, & internet.

I wonder what industries both 1) have less need for the infrastructure already in place in more thriving areas, and 2) have the potential to not only grow but also build infrastructure that paves the path for other development (economic & otherwise) as a result.

Sort of like the economic equivalent of moss breaking down rocks, creating conditions for plants that require soil to grow.
Amanda R's reply to Charlotte Fliegner's comment
November 09, 2011, 03:01AM
Venture for America sounds like a wonderful program!

I just built on this inspiration with the addition of the Blue Engine Fellowships- which offers year long fellowships for college grads to work with students in high-need public schools before seeking a "conventional" job.

Another great student platform is Design for America, started at Northwestern (http://designforamerica.com/) for college students to start on-campus design studios with an emphasis on addressing local needs through innovative products!
November 08, 2011, 10:24PM
Wow, this is a great project! Thanks for sharing this Nathan.
I'm also linking it to the Studio H inspiration, even though the latter targets high school students rather than grads.
Nathan Waterhouse's reply to Charlotte Fliegner's comment
November 08, 2011, 10:26PM
Thanks for pointing that out, I've added it as a build.
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