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Kristin Leutz

Kristin Leutz says the inaugural Innovation Fest will provide a solid foundation on which to build.

HUBweek in Boston. Denver Startup Week. The Tom Tom Summit & Festival in Charlottesville, Va. South by Southwest in Austin, Texas.

These are just a few of the many highly successful and very well-attended entrepreneurship and innovation events now taking place across the country.

Some of them go on for a few days, others for a whole week, as their names make clear, said Kristen Leutz, executive director of Springfield-based Valley Venture Mentors (VVM), who has been to Startup Week and will likely attend some of those other gatherings in the months and years to come as she seeks to learn more about entrepreneurship ecosystems, how they work, and how they can be developed and expanded.

For right now, though, she’s busy putting together the latest addition to that list of summits. It will be called the Springfield Innovation Fest, or SIF for short, although its probably too early for an acronym to take hold.

Indeed, Leutz and her team at VVM are essentially starting from scratch and scrambling to pull things together for the June 12 event, to be staged at the Innovation Center on Bridge Street in Springfield. As she tells the story, those at VVM had been thinking about and talking about a summit — an event that would showcase this region’s burgeoning entrepreneurship ecosystem (and the many other things that are happening in and around Springfield) and take VVM’s Accelerator Awards banquet to a new and much higher plane. But they were initially focused on 2020, a round-number year with all kinds of meaning — until they decided not to wait that long to get the ball rolling.

“We decided to do this on a very short time frame,” she said. “Once we came up with the vision, we were all excited; we didn’t want to wait a another year. We said, ‘let’s lean into it and see what we can pull off.’”

Leutz told BusinessWest that the Springfield Innovation Fest certainly has a long way to go before it can be mentioned in the same sentence as those events in Boston, Denver, Central Texas, and Northern Virginia, but one has to start somewhere, create some buzz, and continually build on the foundation that’s been laid, and that is the very informal business plan for the festival.

“We decided to do this on a very short time frame. Once we came up with the vision, we were all excited; we didn’t want to wait a another year. We said, ‘let’s lean into it and see what we can pull off.’”

“Startup Week certainly wasn’t built in a day — or a week,” she said. “We want to see if we can gain some excitement and momentum for next year.”

The inaugural event, still very much in the planning stages, as noted, will feature a number of speakers, ample amounts of networking, and opportunities to get a taste of Springfield — figuratively and quite literally, with tours of the Springfield Museums and Fresh Paint mural art, as well as a visit to What’s on Tap Wednesday.

There are many goals for this year, said Leutz, listing everything from celebrating this region’s history of innovation and ‘firsts’ to recognizing the winners (and all the companies) in this year’s VVM Accelerator class, to moving the needle when it comes to putting Springfield and this region on the map as a startup and innovation hub.

“In the vein of these other festivals that showcase the startup and innovation economies, I thought that, given all that’s happening in Springfield, it was time for our own startup event,” she explained. “I want visibility for the work of entrepreneurship and innovation and how it affects our economy and how it affects traditional businesses as well as startups.

“The idea of being innovative goes beyond a startup company — it infiltrates everything that we do,” she went on. “Springfield is a city of firsts, and we really believe in that heritage and history, and we want people to see that it still is a city of innovation.”

For this issue and focus on business innovation, BusinessWest talked with Leutz about the launch of the SIF, what to expect this year, and where this summit can go in the years to come.

Summit Meeting

“How to Bootstrap the Bejeezus out of Your Startup.” “Think Like a Placemaker Transforming Neighborhoods.” “Future Forward: Live Better with Innovation in Healthcare.” “How to Help Female Founders Succeed (and Every Other Founder, Too).”

These are titles for just some of the presentations scheduled for the SIF, said Leutz, noting that they will cover two tracks — a startup track and an innovator track — and feature speakers that include both young entrepreneurs and leaders of several of the groups within that aforementioned entrepreneurship ecosystem.

And these presentations represent just one aspect of the festival, she went on, adding that there will be, as mentioned, several breaks for networking and collision-making, a showcase and lunch at which attendees can meet the VVM Accelerator and Summer Collegiate Accelerator startups as they showcase their businesses and compete for ‘VVM bucks,’ and also a pitch competition featuring the top five in the Accelerator and the awarding of prizes.

The full lineup is still very much a work in progress, even at this late date (remember, they started late), and the general ideas are to both call attention to the growing startup community and innovative energy in the region, and also give attendees something to take back home — whether that’s across the state or maybe cross-country (although that’s more likely to happen down the road).

This is the formula that those festivals mentioned at the top have followed, said Leutz, noting that many of them are works in progress as well.

That’s certainly the case with HUBweek, which was launched just three years ago, but now brings together attendees from 59 countries, 46 states, and 38 industries, according to the event’s website. Marketed as a gathering “where art, science, and technology collide,” HUBweek was founded by the Boston Globe, Harvard, MIT, and Massachusetts General Hospital, and its website describes it as “a giant petri dish welcoming impact-oriented artists, entrepreneurs, researchers, executives, makers, and up-and-comers. HUBweek brings together the curious, those building our future.”

Startup Week in Denver is in many ways similar, said Leutz, adding that she attended last fall’s festival and came away inspired to bring something with the same vibe, and energy, to the City of Homes.

“It was incredible,” she said, using that adjective to describe the scope of the show, the depth of the speakers, and the amount of planning and marketing that went into the event. “They had 1,000 applications for talks.”

While something to aspire to, these shows more importantly represent a model that can be replicated on a considerably smaller scale, she said, adding that, like the Boston show, she wants an event where worlds can collide, and, like Denver, she wants a “community-created event,” where people submit ideas for talks.

For this first show, organizers have put together a schedule of talks targeted toward entrepreneurs and would-be entrepreneurs, and ‘innovators,’ a broad constituency to be sure, said Leutz. Speakers, many of them still to be confirmed, include Christian Lagier, executive director of TechSpring; Mo Reed-McNally of the MassMutual Foundation, and Laura Masulis, transformative development fellow with MassDevelopment (they’re handling the talk on transforming neighborhoods); Bill Cole, leader of Living Local, and Tessa Murphy-Romboletti, director of SPARK EforAll Holyoke, who will lead a discussion titled “How to Revive Main Street”; and Daquan Oliver, president of WeThrive, the first-prize winner in last year’s VVM Accelerator Awards.

As for this year’s Accelerator class, it is smaller — by design (16 companies) — in order to provide more in-depth, customized support to the startups, said Leutz, adding that a smaller group enabled VVM to have a higher ratio of entrepreneurs in residence to startups.

Meanwhile, some of the cash traditionally handed out at the annual banquet as prizes has been awarded already in order to help the startups advance their ventures, said Leutz, adding that there is still plenty at stake at the June 12 showcase and final pitch.

All-day passes to the SIF are $50 each ($45 each for blocks of three or more), and potential attendees can buy an extra ticket so an entrepreneur can attend for free, said Leutz, adding that the admission charge is essentially to cover the cost of the event. Sponsorship opportunities are available, starting at $1,000. For more information, visit www.valleyventurementors.org.

Getting Started

Like the companies taking part in the VVM Accelerator, the SIF is essentially a startup venture, Leutz acknowledged, and one with considerable promise to grow well beyond its current size and scope.

It will likely never be on the same level as HUBweek or Denver Startup Week, but like those other events, it provides an opportunity to bring several worlds together and spark more innovation.

SIF is not part of the local lexicon yet, but Leutz and her team believe it soon will be.

George O’Brien can be reached at [email protected]

Features

Collision Course

Kristin Leutz in VVM’s new space at Springfield’s Innovation Center.

Kristin Leutz in VVM’s new space at Springfield’s Innovation Center.

As Valley Venture Mentors completes its move into Springfield’s Innovation Center on Bridge Street, it is also moving into a new era in its history, one that is very entrepreneurial in nature — in keeping with its broad mission — and strives to continually expand and strengthen the region’s ecosystem for supporting and inspiring entrepreneurs.

‘Pivot.’

In the startup world, this term has become incredibly versatile, now serving as a verb, a noun, and an adjective. It has become the subject of lectures, books, and articles bearing titles that hint at its emergence — as in “The Art of the Pivot,” “Three Rules for Making a Successful Pivot,” “Five Steps for Pivoting into Entrepreneurship,” and countless others.

In simple terms, to pivot means to adapt, or to change the course or strategy of an emerging business based largely on customer wants and needs. Some of the most prominent companies in the world owe their success to a pivot, or several of them.

There are various methods of pivoting, as indicated by those article titles above, but the bottom line — both literally and figuratively — is for entrepreneurs to understand the importance of flexibility and the need to pivot, and to not be afraid to so.

Administrators and mentors at Valley Venture Mentors (VVM) have been preaching the need to pivot and showing people how since the nonprofit was launched eight years ago now. And these days, one might say it is practicing what it’s been preaching.

Well, sort of.

What VVM is engaged in now could be called a pivot, although its overall mission and strategy are not really changing. They are evolving, though, and being taken to a new and higher level as the organization completes its move into the long-anticipated, $7 million Innovation Center on Bridge Street in downtown Springfield.

“One of the barriers, especially in a region and city that smaller, like Springfield, is a lack of connectivity. Place-making is a foundational piece of that, creating a physical home for people to collide in and meet and have natural connection with each other across industry.”

The move began last summer, said Kristin Leutz, who assumed the role of CEO at VVM about the same time as the moving trucks started unpacking furniture. And it is ongoing, she said, as new furnishings arrive and new strategies emerge for making the best and most efficient use of the intriguing 10,000 square feet of space VVM now commands.

The agency will be using a small percentage of that space for its own administrative needs, with the rest devoted to revenue-producing, entrepreneurial-ecosystem-building endeavors, from signing on tenants for various co-working spaces and small offices to renting out the large, 175-seat auditorium that dominates the ground floor of VVM’s suite.

And this is where the pivoting comes in, said Leutz, adding that VVM is moving to a slightly adjusted, more entrepreneurial model, necessitated by the need to cover the expenses of what is, in many respects, a growing business in its own right.

These include the nearly $4,000 in monthly rent — a great bargain given the amount of space and the going rates downtown these days — as well as a growing staff and the myriad other costs of running such an operation.

From left, Stephanie Kirby, VVM’s director of Mentorship; Kristin Leutz, CEO; and Ron Molina-Brantley, COO.

From left, Stephanie Kirby, VVM’s director of Mentorship; Kristin Leutz, CEO; and Ron Molina-Brantley, COO.

“This space represents a micro entrepreneurship venture of our own,” she explained, adding that, like the startups mentored and supported by VVM, it has a business plan and a strategy for executing it.

In simple terms, it involves making the Innovation Center not merely a revenue center, although it will become that as well, but an entrepreneurial hub and a place where collisions can and will happen — collisions between fellow entrepreneurs, business owners and mentors, entrepreneurs and potential investors, and more.

“When we think about how to introduce people from Springfield and Western Mass. to the entry point when it comes to entrepreneurship and remove any barriers that exist, we come back to the all-important concept of place-making,” she told BusinessWest. “One of the barriers, especially in a region and city that’s smaller, like Springfield, is a lack of connectivity. Place-making is a foundational piece of that, creating a physical home for people to collide in and meet and have natural connection with each other across industries.”

Summings things up, Leutz noted VVM’s working slogan (“Give. Get. Grow.”) and said the new location and all its facilities — from different kinds of co-working space to a nursing room for new mothers; from a shared kitchen to areas where startups and mentors can meet and collaborate — provide individuals, startups, and the entrepreneurial ecosystem as a whole with more opportunities to do all of the above.

For this issue, BusinessWest talked with the staff at VVM about not only the move into the Innovation Center, but the organization’s pivoting action and the next crucial steps in its history.

Right Place, Right Time

VVM will stage a grand-opening ceremony at its new space on Thursday, Feb. 7, when it co-hosts the annual State of Entrepreneurship Conference with the Economic Development Council of Western Mass. The invite list for that event, and the ribbon cutting to follow, is rather lengthy, said Leutz, noting that it includes representatives of a number of entrepreneurial ecosystem partners — from the Grinspoon Foundation to TechSpring to area colleges and universities — as well as a number of other constituencies, including elected officials, VVM alums, mentors, and long-time supporters.

“We’re checking our occupancy level to see how many we can have in here legally,” she said, adding that the agency will test the upper limit of that number, whatever it is.

Getting to this ribbon-cutting ceremony has been an adventure, she noted, and a long journey that started when she and many other representatives of this region toured the Cambridge Innovation Center and came back determined to create a similar place-making facility in this region, preferably in downtown Springfield.

Fast-forwarding somewhat — this story has been well-chronicled — the historic structure at 270-276 Bridge St. was eventually chosen, and a number of funding partners, including MassDevelopment, MassMutual, Common Capital, and others, were secured. The project got underway in 2017, but as work proceeded and walls were taken down, it became clear that the cost of the work would far exceed preliminary estimates — and the amount raised.

Work was stopped for several months before eventually starting up again last spring. Leutz recalled the occasion.

“It was like a reunion — we got the architects back together with the contractor, we were meeting weekly in the space, there were holes in the floor … there was drama, but we were doing it,” she said. “And things moved fast; we knew in June that we were going to fast-track this thing and get it open by January, and we did.”

But as work was starting up again, VVM was going through a transformation of its own, starting at the top, where Leutz, who joined the organization as COO in the fall of 2017, was chosen to succeed Liz Roberts as CEO.

Kristin Leutz says VVM’s new co-working spaces, like the dedicated spaces for lease seen here, are “the beating heart of the startup community.”

Kristin Leutz says VVM’s new co-working spaces, like the dedicated spaces for lease seen here, are “the beating heart of the startup community.”

“I’ve always been a big fan of VVM,” said Leutz, who was a mentor with the organization in its earliest days and is perhaps best-known locally for the decade she spent as vice president for Philanthropic Services at the Community Foundation of Western Massachusetts.

She noted that, while at the Community Foundation, she helped VVM secure one of the first innovation grants awarded by that organization, a three-year commitment made to help launch its accelerator, among other programs. “I understood early on that this was something unique in Western Mass. and that it would really take off.”

And now that it has, she and fellow team members take on the assignment of plotting an ambitious course — and keeping it on the course, again, much like the startup businesses it helps mentor, she said, adding that when she came on board as COO it was to essentially help blueprint a new strategic plan for the nonprofit centered on its home and the new opportunities it offered, and she was intrigued by the assignment.

As was Ron Molina-Brantley, who joined VVM a few months before Leutz did and would eventually succeed her as COO.

Formerly an employee of the city of Springfield, working first in the Finance Department and then the Facilities Department as senior program manager — a perfect blend of skills for an organization moving into new space and also assuming new fiscal responsibilities — Molina-Brantley said he was looking to grow professionally, and VVM and the next stage in its development offered an intriguing challenge.

“VVM was the right place at the right time,” he told BusinessWest. “The environment and ecosystem they were trying to build really appealed to me; there was an instant love affair between me and VVM and the community. The atmosphere is amazing, the startups are amazing, and you just want to be part of it. It’s contagious.”

It was, and is, for Stephanie Kirby, as well, VVM’s director of Mentorship. An alum of the agency’s collegiate accelerator program, she started her own business (a music label) at age 14, and has continually honed and reshaped it over the years — so much so that she was known as the “pivot queen” when she took part in VVM’s first collegiate accelerator while attending Five Towns College in New York.

“I would pivot a lot within my business, and when you come to VVM, that’s what they teach you — how do you actually build your business,” she said, adding that she’s now working to help others master that skill.

Writing the Next Chapter

Together, these and other team members have taken on the assignment of moving VVM into a new era, if you will, one that poses some challenges for the agency, but myriad new opportunities for entrepreneurs and those mentoring them — and for strengthening the entrepreneurial ecosystem the region has built and that has gained considerable momentum in recent years.

To explain it in simple terms, Leutz said the VVM operation is in some ways similar in structure to a pyramid. At the base is the place — in this case, the Innovation Center — where things, meaning those collisions she mentioned, can happen. The next level in the pyramid is programming, which at VVM means mentorship and acceleration, specifically its two popular accelerator programs — a startup accelerator and a collegiate accelerator. And the top of the pyramid is what she called “an ecosystem builder,” meaning systems to support what others across the region, like the Grinspoon Foundation and the area’s colleges and universities, are doing.

VVM’s mentorship lounge, top, and the shared community kitchen are just some of the spaces carefully designed to promote collisions.

VVM’s mentorship lounge, top, and the shared community kitchen are just some of the spaces carefully designed to promote collisions.

“Within these realms, we hope to serve everyone, from the ideation stage, early, early, person-with-an-idea-on-napkin type of entrepreneur, to someone who has a venture and is on their way to raising their first round of capital or beyond,” she said. “It’s usually seed stage for us, and our programs are customized for that entrepreneur’s unique goals and challenges. What’s new for VVM, and what we’re really zeroing in on, is ‘how do we take a particular venture and uniquely help it to succeed?’

“Our big focus now is to think about 1,000 startups in the Pioneer Valley — what would that look like and how would that change the success rate, because we know a large number of startups fail,” she went on. “The more that you create, the greater chance you have for seeing transformational companies.”

And the Innovation Center and VVM’s new facilities are designed to help make that vision reality, she went on as she offered a tour that started on the ground floor, devoted to programming, and the auditorium, which is community space in every sense of that phrase.

“We encourage anyone and everyone to think about how to promote entrepreneurship in their industry, their business, or their community, and come talk to us, and we’ll make this space available,” she said, adding that the space was essentially created to showcase people’s ideas and their notion of entrepreneurship.

That first floor also includes a mentorship lounge, which represents a major upgrade from the spaces where mentors and entrepreneurs would get together in recent years when VVM was located in donated space in Tower Square. “We’ve never had a space like this; before, people were just hanging out on folding chairs in a big, open room.”

It also includes two private offices that can be rented out and café space as well.

The second floor, what she called the “beating heart of our startup community,” is where the co-working space is to be found. Half of the floor is dedicated to people who rent permanent spots on a month-to-month basis, she said, adding that three startups are currently doing so. There’s also the so-called ‘hot desk’ space — unassigned space that be rented for $25 a day, with other rates for more regular use — as well as a ‘brainstorming nook,’ a community kitchen, private phone rooms for entrepreneurs seeking some privacy, the private room for nursing mothers, and more.

Roughly 50% of the space that can be rented is now under lease, she said, adding that the goal is to get that number to 75% and perhaps 100% by the end of this year.

Describing the look and feel of VVM’s new home, Leutz noted that, while these spaces may have been inspired by similar facilities in other communities, they don’t look like those spaces.

“This space is meant to feel like it belongs in Springfield,” she said, adding that there is furniture made by local artists and the walls will feature what she described as ‘community-driven’ art. “It’s beautiful, and it’s aspirational, but it also feels like it’s home. It won’t feel like you’ve stepped into some place in downtown Manhattan, and it shouldn’t. It should feel like Springfield.”

Bottom Line

Summing up what’s been created on Bridge Street, Leutz went back to the goals put down on paper after the group visiting the Cambridge Innovation Center returned to Springfield and set about replicating what they encountered.

“This intention of this project was always to have it be a community-driven space focusing on the innovation economy and enlivening the economic activity downtown,” she said, adding that this is a broad mission, and, as noted, somewhat of a pivot for VVM.

An exciting pivot, for sure, and one that certainly bears watching in the months and years to come.

George O’Brien can be reached at [email protected]