1 / 10

Joe Zilcosky Delaware Economic Development Office Emerging Technology Specialist

Joe Zilcosky Delaware Economic Development Office Emerging Technology Specialist. Prepared By: Delaware Economic Development Office’s Center of Excellence. Tech-Based Seed Fund. Goal To provide funding for the creation of technology based “gazelle entrepreneurs”

floriane
Download Presentation

Joe Zilcosky Delaware Economic Development Office Emerging Technology Specialist

An Image/Link below is provided (as is) to download presentation Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author. Content is provided to you AS IS for your information and personal use only. Download presentation by click this link. While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server. During download, if you can't get a presentation, the file might be deleted by the publisher.

E N D

Presentation Transcript

  1. Joe ZilcoskyDelaware Economic Development OfficeEmerging Technology Specialist Prepared By: Delaware Economic Development Office’s Center of Excellence

  2. Tech-Based Seed Fund Goal • To provide funding for the creation of technology based “gazelle entrepreneurs” • To foster high-wage, fast growing small businesses in technology fields such as biotechnology, advanced materials, clean energy, information technology, and new chemical applications. Delaware Economic Development Office – Centers of Excellence

  3. Emerging Technology Center Services • Access to Intellectual Property • Access to Capital • Access to Service Partner Network • Access to Other Entrepreneurs Delaware Economic Development Office – Centers of Excellence

  4. Tech-Based Seed Fund • Early stage financing: up to $50,000 TBSF 1 and $100,000 TBSF 2 for start-up expenses • Convertible Debt • Collateral: Negotiable; targeted IP, professional entrepreneurial service donation to ETC. • Timing: Open, year round solicitation • Review Process: 4 layer process • Complimentary Funding: Emerging Technologies Venture Fund and VC groups • Commitment from the recipient to grow the company in Delaware. Delaware Economic Development Office – Centers of Excellence

  5. Access To Capital • Pre-Venture Fund: Governor Minner’s new initiative under the New Economy Initiative of $5 million for FY 2008 Delaware Economic Development Office – Centers of Excellence

  6. Access to Service Partner Network At a pro bono or reduced rate: • Accounting • Business Development • Product Commercialization • Legal Services • Marketing/Communications Delaware Economic Development Office – Centers of Excellence

  7. Access To Intellectual Property • Qualified entrepreneurs are able to license donated patents from the ETC Delaware Economic Development Office – Centers of Excellence

  8. About the Program The State of Delaware's Economic Development Office (DEDO) has acquired more than 250 patented technologies from du Pont and Hercules Corporation. DEDO’s goal is to utilize this technology transfer process to stimulate business start-up and growth in Delaware. Delaware Economic Development Office – Centers of Excellence

  9. About the Program The State of Delaware also formed a partnership with Hercules Corporation as part of the company’s commitment to the State for its support of the Hercules Research Center Revitalization Project. In addition to the patent donations, the company is building a new Paper Applications Laboratory. Delaware Economic Development Office – Centers of Excellence

  10. Access To Capital • ETC sponsored events to connect ‘Angel Investors’ to start-ups • Access to DE’s Technology Based Seed Funds and Venture Funds • ETC sponsored events to connect businesses to regional and national venture and equity funding sources Delaware Economic Development Office – Centers of Excellence

More Related