TECH COLUMBUS Presents Tech Start - PowerPoint PPT Presentation

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TECH COLUMBUS Presents Tech Start

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  1. TECHCOLUMBUSPresentsTechStart

  2. 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

  3. TechColumbus Impact

  4. 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

  5. TechStart Partners

  6. 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

  7. TechStart Impact

  8. 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,

  9. Entrepreneurs Seek $ “Just Add Money” IDEA = DEAL /

  10. 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

  11. 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

  12. 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.

  13. Very early, generally pre-company grant to validate commercial potential. • market research, prototyping, IP analysis and or development, • Typically grant < $50k – possible $90K total

  14. Convertible debt investment • $250,000 - $500,000 amounts • Milestone-based cash draws • Assigned an EIR

  15. 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

  16. 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

  17. What now? • Community Leaders • Communicate your assets and your successes • Connect your technology community • Entrepreneurs • ENGAGE at www.TECHCOLUMBUS.ORG • Start Networking

  18. Questions? Stefphanie R. Harper TECHCOLUMBUS Director, Venture Development Outreach ENGAGE at www.TECHCOLUMBUS.ORG