Measuring Our Impact: Highlights from the FY 2021-2022 Annual Impact Report
2021 will always be the year we marked as the New Orleans flywheel officially turning! In crunching the numbers from The Idea Village’s last fiscal year (July 1, 2021 - June 30, 2022), it is truly remarkable to see how far we’ve come as a New Orleans startup community.
Our collective success is in large part thanks to the investment, dedication, and relentlessness of the founders in our community and the thousands of people in our #VILLAGE– which include passionate mentors, entrepreneurs, leaders, donors, community partners, and more – who work diligently to develop leading programs and create opportunities for founders to scale successful startups from New Orleans and across the Gulf South region.
In 2021 alone, the Greater New Orleans area saw 11 exited companies, realizing 2.5+B in acquisitions.
7 of those companies are alumni of The Idea Village, ON our Board OF DIRECTORS, or HOLD OTHER leadership roles IN AFFILIATION with The Idea Village.
The Idea Village’s role in the startup community of the Greater New Orleans region can be seen through our latest annual impact data, which also gives a window into the state of the region’s entrepreneurial ecosystem. The report is filled with insightful data and showcases the impact of The Idea Village’s programs over the last fiscal year and cumulatively over time.
We’ve pulled out a few highlights below, and you can click here to read The Idea Village’s full FY2021-22 Impact Report.
A Cumulative View: The Idea Village’s Impact Over 20 Years
The big 3: capital, revenue, and jobs generated by Alumni Companies OF THE IDEA VILLAGE
Our flagship VILLAGEx accelerator generates its own outcomes that demonstrate what is possible when rising high-growth founders are paired with world-class mentorship and resources. Looking again at the 3 major metrics - revenue, capital, and jobs - to indicate startup success and future potential, we can see below that the VILLAGEx 2022 cohort is collectively raising the bar for founders across the Gulf Coast and beyond.
Major contributions to these outcomes include 830+ hours of direct mentorship, coaching, or services to the founders in the VILLAGEx 2022 cohort, valued at $215,000+.
IMPACT BY The 12 Companies in the VILLAGEx 2022 Cohort
Entrepreneurship and innovation are thriving in New Orleans, and our latest FY21-22 Impact Report shows how companies that go through The Idea Village’s programs are contributing to major outcomes. We hope that these outcomes demonstrate that Louisiana is a state that produces highly successful and promising startup companies, on par with ventures emerging from the East and West Coasts. Aspiring founders can glean optimism and inspiration to build a high-growth company from New Orleans, and become part of the tens of thousands of entrepreneurs served by The Idea Village. This data inspires us to continue our work to support, invest, and cultivate more home-grown entrepreneurs for the next 20 years and beyond.