Central Ohio Entrepreneurial Signature Program

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(No Transcript)
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TECHCOLUMBUS
Accelerating the Business of Technology

• Technology Business Venture Development
• Business planning, coaching
• Advisory, technical, professional services
• Capital access and preparation
• Incubation and Accelerator specialized facilities
  and services for tech-based companies
• Membership Connect, Learn and Grow

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CENTRAL OHIOEntrepreneurial Signature Program
Delaware Fairfield Fayette Franklin Hocking Knox L
icking Logan Madison Marion Morrow
Perry Pickaway Ross Union
3 Years 15 M Award7.5 M Match 22.5 M
Total EnhancedManagement Access to Capital
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ESP Partners
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TechColumbus Venture Development Impact
FY 2003-2008
Invested directly in 44 tech companies by
TechColumbus and Ohio TechAngels
10.3 million
111
Companies incubated in TechColumbus world class
incubation facilities
665
Jobs created in funded and incubated companies
Average salary of portfolio and incubated
company jobs
65,200
125.6 million
Follow-on capital raised by funded companies
145.3 million
Revenues generated by funded and incubated
companies
207.8 million
In follow on capital raised by funded and
incubated companies
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Accelerating the Business of Technology
TECHCOLUMBUS
Venturable
Traditional
B2B
B2C
Must Have
Nice to Have
Many Choices
Few Alternatives
Multiple X Better
Comparable
Changing Market
Established Market
Primarily Product
Primarily Service
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TECHCOLUMBUS
Accelerating the Business of Technology

• Technology based Opportunity
• 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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TECHCOLUMBUS
Accelerating the Business of Technology

• ENGAGE
• 3 pg Executive Summary to address 9 Questions
• COACHING
• Evolve plan to a scalable, investable model
• Validate assumptions to reduce risk
• Understand the investors perspective
• CONNECT
• Identify and introduce individuals that add value
• Identify appropriate capital resources

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TECHCOLUMBUS
Accelerating the Business of Technology

• 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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Tech Startup Funding Continuum
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• Very early, generally pre-company grant to
  validate commercial potential.
• Market Research, Prototyping, IP Analysis and/or
  Development
• Typically grant

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• Convertible debt investment
• 250,000 - 500,000 amounts
• Milestone-based cash draws
• EIR imbedded in portfolio company

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• Ohio TechAngel Fund
• 10.5 M in three affiliated funds, 198 units
• OTAF is the 3rd largest angel group in the nation
• 21 investments since 2004
• 3.1M of investments from OTAF I II and
  Co-Investment Fund
• Total leverage for these investments 91
  million

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Questions?