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TECH COLUMBUS Presents Tech Start TECH COLUMBUS Accelerating the Business of Technology: Acceleration of company formation & growth Business planning, coaching Advisory, technical, professional services Capital access and preparation

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Presentation Transcript
tech columbus
TECHCOLUMBUS

Accelerating the Business of Technology:

  • Acceleration of company formation & growth
    • Business planning, coaching
    • Advisory, technical, professional services
    • Capital access and preparation
    • Accelerator specialized facilities and services for tech-based companies
  • Membership Connect, Learn and Grow
central ohio tech start
Central Ohio TechStart

Delaware

Fairfield

Fayette

Franklin

Hocking

Knox

Licking

Logan

Madison

Marion

Morrow

Perry

Pickaway

Ross

Union

3 Years

$15 M Award

$7.5 M Match

$22.5 M Total

Enhanced

Management

Access to Capital

tech start
TechStart
  • Building on our regional strengths
  • Increase the creation of high growth, scalable, technology based businesses
  • Connecting ideas, talent, and capital
  • Coaching and mentoring to shape ideas into investable, scalable deals
target technology based opportunities
Target: Technology Based Opportunities
  • Early Stage $0 - $5M in Revenues
  • Scalable $30 - $50 M in 3 – 7 years
  • Market Opportunity $100 M or more
  • Investable willing and able to provide return
  • Coachable willing & capable to implement
  • Experienced team with market knowledge
  • Unique Value Proposition that solves a problem
  • Barriers to compete, IP, exclusives,
entrepreneurs seek
Entrepreneurs Seek $

“Just Add Money”

IDEA = DEAL

/

engage process
ENGAGE Process
  • ENGAGE
    • 3 pg Executive Summary to address 9 Questions
  • COACHING
    • Evolve plan to a scalable, investable model
    • Validate assumptions to reduce risk
    • Understand the investor’s perspective
  • CONNECT
    • Identify and introduce individuals that add value
    • Identify appropriate capital resources
introduction of the opportunity
Introduction of the Opportunity

3-4 page description of business opportunity

  • What will the business do
  • What makes it unique
  • How it will make money
  • Who will be the customers or partners
  • How large is the market opportunity
  • What are the competing solutions
  • When will the business be successful
  • Who we are and our strategic partnerships
  • What is needed to be successful
slide13

Focused on providing support for promising SBIR and STTR grants in Central Ohio.

  • ESP will provide up to $4,000 for proposal writing expertise for selected grants.
slide14
Very early, generally pre-company grant to validate commercial potential.
    • market research, prototyping, IP analysis and or development,
  • Typically grant < $50k – possible $90K total
slide15
Convertible debt investment
  • $250,000 - $500,000 amounts
  • Milestone-based cash draws
  • Assigned an EIR
slide16

Ohio TechAngel Fund

  • $10M in three funds, 196 units
  • 3rd largest angel group in the nation
  • 20 investments since 2004
  • Approx $2.3 M investments w/ $24 M leverage
slide17

Additional Capital Programs

  • Small Business Innovation Research (SBIR)
    • www.sbirworld.com
  • Ohio Research and Commercialization Program
    • www.thirdfrontier.com
  • Technology Investment Tax Credit
    • www.odod.state.oh.us/tech/titc/
  • Innovation Ohio Loan Fund
    • www.thirdfrontier.com
what now
What now?
  • Community Leaders
    • Communicate your assets and your successes
    • Connect your technology community
  • Entrepreneurs
    • ENGAGE at www.TECHCOLUMBUS.ORG
    • Start Networking
questions
Questions?

Stefphanie R. Harper

TECHCOLUMBUS

Director, Venture Development Outreach

ENGAGE at

www.TECHCOLUMBUS.ORG

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