Ohios Entrepreneurial Assistance and Capital Formation Programs

1
Ohios Entrepreneurial Assistanceand Capital
Formation Programs

• Lisa Delp
• Ohio Department of Development
• Technology Innovation Division

2
Our Mission

• To facilitate the introduction of innovative
  technologies, products and processes into the
  marketplace
• To maximize the economic return of State
  investments through the Divisions Programs and
  Project Grants
• To utilize business practices that are designed
  to optimize quality, efficiency and
  accountability and,
• To substantially increase public awareness of
  Economic Development Programs.

3
Economic Development Programs Support

• Research Commercialization Collaborations
• Entrepreneurial Assistance
• Cluster Development
• Product Innovation Technology Insertion
• Investment in Ohio Technology Companies

4
Technology Focus Areas

• Advanced Materials
• Advanced Energy
• Biomedical
• Instruments, Controls, Electronics
• Power Propulsion
• Cross-cutting
• Advanced Manufacturing
• Information Technology

5
Guiding Principles

• Develop, implement and manage programs designed
  to catalyze economic development through the
  technology commercialization pipeline.

6
Commercialization Framework
7
Imagining Stage Activities

• Ideas
• Basic Knowledge
• Fundamental Principles
• Potential Markets
• Platform Technology

8
Ohio Supports Early Imagining of Opportunities

• Ohio Research Scholars
• Wright Mega Centers
• Wright Centers of Innovation

9
Incubation Activities

• IP Development
• Proof of Concept
• Prototype Development
• Clinical Trials
• Initial Market Assessment

10
Ohio Incubates Companies, Technologies and
Products

• Biomedical and Engineering Research Comm.
  Program
• Wright Projects
• Edison Incubators
• Technology Investment Tax Credit
• Entrepreneurial Signature Program
• Pre-Seed Funds

11
Demonstration Activities

• Alpha/Beta Testing
• Performance Data
• Customer Feedback
• Manufacturing Scale-up
• Regulatory Certification

12
Ohio Helps Demonstrate the Potential

• Fuel Cell Program
• Advanced Energy Program
• Ohio Venture Capital Authority
• Ohio Research Commercialization Grant Program

13
Market Entry Activities

• Commercial Product
• Business Plan
• Revenues
• Manufacturing Plan
• Supply Chain

14
Ohio Supports Market Entry

• Edison Centers
• Worker Training
• Internships
• Targeted Industry Attraction

15
Growth and Sustainability Activities

• Research Development
• New Product
• Efficiency

16
Ohio Finances Growth and Sustainability

• Manufacturing ExtensionPartnership
• Innovation Ohio LoanProgram
• Job Stimulus Programs inBiomedical,
  Bioproducts,and Advanced Energy

17
Contact Information

• Lisa Delp
• Technology and Innovation Division
• [phone]
• Lisa.Delp_at_development.ohio.gov