Phosita IP Blog


Interesting commentary by Joshua Hall over at The Independent Institute considering Oklahoma’s interest in creating a billion dollar investment pool for innovation and entrepreneurship.

While of specific interest to me because of the Oklahoma connection, I would recommend it as an interesting twist on the debate occurring right now on the role of state investment in early stage innovation.

A snippet:

Using the number of sole proprietorships and patent activity in a state as measures of entrepreneurship, Kreft and Sobel find that increased entrepreneurship causes more venture capital to automatically flow into the state. More importantly, they find that influxes of new venture capital do not then cause entrepreneurship to increase. Crowding out of private venture capital is one possible reason why state funded venture capital fails to increase entrepreneurship. This suggests that the trend of state-sponsored venture capital funds have the cart before the horse. Since entrepreneurial activity appears to be what attracts venture capital into a state, the best way to encourage entrepreneurship within a state is to focus on creating a policy environment where individuals are free to be innovative.

Unfortunately Wisconsin is currently planning to invest $50 million from its $66.5 billion state employee trust fund state into venture capital firms that invest primarily in local companies. Similar efforts have been undertaken in other states, including Colorado, Michigan, Ohio, Oklahoma, and Minnesota. However Kreft and Sobel’s new research shows that state financing of venture capital in these states is unlikely to stimulate entrepreneurship.

How Should States Encourage Entrepreneurship?: Newsroom: The Independent Institute.



DC On Film Row

About DC on Film Row

DC on Film Row is a free event space open to everyone in our community.

We like to say that the space is a “home for creatives and innovators, home builders and the homeless, celebrators and the celebrated” so people understand that we are inclusive and want everyone from throughout our community using our space.

Our goal is to celebrate the incredible diversity of creativity, innovation, and passion within Oklahoma City and to provide a venue—free of charge—to those groups and individuals working to bind us all together and make our home a cooler and better place. No strings attached—no extensive rules to follow. We simply ask that all of our neighbors be honored and that all viewpoints be respected. Our criteria for use is simple: If the event, group, or meeting is something which strengthens our community and brings us all together, the space is available for use.

The space has hosted everything from charitable fundraisers to an underground nightclub party to celebrate Canterbury Choral Society’s 45th anniversary season. We host dinners for the OKC homeless population most Monday evenings where upwards of 250 people are served—we provide the space and soft drinks and a local church provides the food. We’ve hosted university planning retreats and monthly local rock concerts.

Every Wednesday, we open up the courtyard for lunch, invite a local food truck to set up outside our gates, and welcome our downtown neighbors into the space for a bit of socialization.

Our never-ending soda fountain seems to be the biggest hit with some of our neighbors while others spend time playing pool or simply chatting about what is happening on the weekend.

For October we turn the space into a haunted house and invite the neighborhood children to come out and trick-or-treat.

Got an idea for how to use the space? Just ask us – we’re almost certain to say yes!

The Space for Ideas.

Protecting all things creative

Who you are.

Who we are.

What we do.