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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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TECH COLUMBUS Presents Tech Start

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Tech columbus presents tech start l.jpg

TECHCOLUMBUSPresentsTechStart


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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


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TechColumbus Impact


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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


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TechStart Partners


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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


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TechStart Impact


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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,


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Entrepreneurs Seek $

“Just Add Money”

IDEA = DEAL

/


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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


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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


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  • 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.


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  • Very early, generally pre-company grant to validate commercial potential.

    • market research, prototyping, IP analysis and or development,

  • Typically grant < $50k – possible $90K total


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  • Convertible debt investment

  • $250,000 - $500,000 amounts

  • Milestone-based cash draws

  • Assigned an EIR


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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


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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


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What now?

  • Community Leaders

    • Communicate your assets and your successes

    • Connect your technology community

  • Entrepreneurs

    • ENGAGE at www.TECHCOLUMBUS.ORG

    • Start Networking


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Questions?

Stefphanie R. Harper

TECHCOLUMBUS

Director, Venture Development Outreach

ENGAGE at

www.TECHCOLUMBUS.ORG


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