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Advisory Board and Commission Retreat September 11-12, 2013.

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Presentation on theme: "Advisory Board and Commission Retreat September 11-12, 2013."— Presentation transcript:

1 Advisory Board and Commission Retreat September 11-12, 2013

2 Innovation & Entrepreneurship Objectives: 1.Foster a vibrant entrepreneurial ecosystem in Ohio that increases the number of quality technology start-ups 2.Improve the likelihood of success and accelerate the growth of young Ohio technology companies by providing high-value coaching, resources, and connections to entrepreneurs 3.Increase the capital invested in Ohio technology companies; attract or retain top entrepreneurial talent in Ohio 4.Promote entrepreneurial successes and generate buzz about entrepreneurship in Ohio

3 Services: 1.Intensive coaching from seasoned entrepreneurs, industry experts, and investors 2.Market research and validation; business strategy and path to market 3.Connections to customers, strategic partners, and investors, recruiting C-level and technical talent 4.Investment preparation; access to capital 5.Legal, tax, and accounting support 6.Patent protection; regulatory strategy

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7 Capital Objectives: 1.Fill a gap in the capital continuum by increasing the amount of early-stage capital and loan financing available to young Ohio technology companies 2.Help companies bridge the gap to sufficiently mature in order to attract venture capital funds or other forms of commercial financing 3.Increase the number of professionally managed pre-seed funds investing throughout Ohio; attract or retain top fund management talent 4.Create a risk capital climate that supports the development, retention, and attraction of investable technology companies in Ohio

8 Services: 1.Loans to capitalize for-profit and non-profit pre-seed funds that have attracted the support of private investors 2.Working capital/fixed asset loans to support young Ohio technology companies in addressing the barriers to commercialization of technology products and processes in Ohio.

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11 Commercialization Objectives: 1.Increase the number and quality of technologies from Ohio universities/research institutions that are licensed to Ohio companies and improve upon their viability 2.Leverage nationally recognized Ohio university/research institution technology platforms in the acceleration of late-stage technologies, the creation of new companies and the attraction of investment capital to support them 3.Spur the development and commercialization of industry relevant and company directed late-stage technologies and new products and new product innovations

12 Services: 1.Validation of potentially commercializable technologies, and access to initial funding for start-up companies licensing university technologies 2.Business acceleration of tech-based start-ups that form from or cluster around commercialization centers 3.Access to university technical expertise and resources, business expertise mentoring, and professional investment capital for tech- based start-ups 4.Access to university innovation platforms for established companies wanting to “in-source” those capabilities for the development of new products 5.Access to and collaboration around highly specialized technical equipment and facilities for companies developing new product 6.Subsidization and attraction of major R&D centers focusing on industry relevant technology development

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