cincy tech eco may2008 gcva
DESCRIPTION
TRANSCRIPT
& the Greater CincinnatiEntrepreneurial
Ecosystem
Jan ‘06 Planning Group
Entrepreneurial Signature Program
• •
Grant $22.5 Million
Program Components
• Executives in residence
• Intensive due diligence process
• $10.4M seed fund
• $1.5M Imagining grants
Investment Criteria
• High Growth Companies
• IT, Bio or Advanced Mfg/Materials
• Southwest Ohio
• Management talent and passion
• Capacity to get to an “A” round
Executive Committee
The Team
Supporters, Partners and Resources
CITY OF MASON
Short & LongTerm
• Long Term - Companies, Revenue, Employment
• Short Term - Process, Team, Investments, Network of Capital
Rigorous Process
• Start with the end in mind
• Deep dive due diligence
• Plan to get to “A” round
Rigorous Process
Built the Team
• 4 Executives in Residence
• 1 Investment Development Dir.
• 3 Investment Associates
• 1 Entrepreneur-in-Residence
Investments
• 5 Equity Investments of $1.0M
• Additional Investments of $5.0M
• 1st “A” Round of $15M
• Assisted in raising $8.0M for other companies
Investor Connections Current
Private Investors and
Future Rounds
Investor Connections Future RoundsFuture RoundsCurrent
Private Investors and
Representing more than
$8 BILLIONin investment capital
Entrepreneurial EcosystemEcosystem
Universities
VCFunds
StateGov’t
Support
AngelFunds
NetworkGrassrootsInitiatives
Incubators
Adapted from Jack Wyant’s GCVA Keynote on the State of Venture Capital- Sept 21 2002
Events
StateGov’t
Third Frontier ProgramEdison ProgramSBDCs166 LoanOhio Innovation FundTechnology Investment Tax Credit Program
Innovation & Commericialization ProgramKentucky Enterprise Fund Grants/Loans/EquityHigh Tech Investment PoolSBIR Matching Funds
Support
Entrepreneur BootcampAngel Investor BootcampMonday MentoringVaanGuard Mentoring NetworkBreakfast Bytes SeminarsRegional Entrepreneur ForumNKU Master Entrepreneur ProgramNKU HS ChallengeNKU Chelgren Entrepreneur Speaker SeriesUC Spirit of Enterprise CompetitionSCORE
Incubators
Universities
GrassrootsInitiatives
Angel/SeedFunds
and PRIVATE INVESTORS
VCFunds
Cincinnati Midwest
Network
Events
MHINMidwest Health
Investors Network
Universities
VCFunds
StateGov’t
Support
AngelFunds
NetworkGrassrootsInitiatives
Incubators Events
Entrepreneurial Ecosystem
Universities
VC
StateGov’t
Support
AngelFunds
NetworkGrassrootsInitiatives
Incubators Events
ALIVE AND ALIVE AND ALIVE AND Universities
ALIVE AND Universities
ALIVE AND Gov’tALIVE AND Gov’tALIVE AND Support
ALIVE AND Support
WELL!WELL!WELL!FundsWELL!FundsWELL!Network
WELL!Network
WELL!InitiativesWELL!Initiatives
ALIVE AND WELL!