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NEOinc Overview
NEOinc Overview
NEOinc Overview
NEOinc Overview
NEOinc Overview
NEOinc Overview
NEOinc Overview
NEOinc Overview
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NEOinc Overview

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  • 1. NEOinc Overview March 13, 2007 NEOinc Northeast Ohio Incubator Collaborative
  • 2. NEOinc <ul><li>Northeast Ohio Incubator Collaborative </li></ul><ul><ul><li>Akron Global Business Accelerator </li></ul></ul><ul><ul><li>Braintree (Mansfield) </li></ul></ul><ul><ul><li>GLIDE (Lorain County) </li></ul></ul><ul><ul><li>MAGNET (Cleveland) </li></ul></ul><ul><ul><li>Youngstown Business Incubator </li></ul></ul>
  • 3. Serves All the Counties in NE Ohio <ul><li>“Front Door” for entrepreneurs </li></ul><ul><ul><li>Referral to most appropriate resources </li></ul></ul><ul><li>Focus on technology-oriented businesses </li></ul><ul><li>Managerial services </li></ul><ul><ul><li>Shorten time to market </li></ul></ul><ul><ul><li>Reduce “degrees of freedom” </li></ul></ul><ul><li>Facility services </li></ul><ul><ul><li>Allow tenants to focus on business development </li></ul></ul>
  • 4. Managerial Services <ul><li>Concept evaluation and critique </li></ul><ul><li>Business plan review </li></ul><ul><li>Marketing plan development </li></ul><ul><li>Competitive analysis </li></ul><ul><li>Links to business support specialists </li></ul><ul><li>Links to financial resources </li></ul><ul><li>Strategic planning </li></ul><ul><li>Financial planning </li></ul><ul><li>Access to technologies and know-how </li></ul><ul><li>Technology transfer assistance </li></ul><ul><li>Intellectual property protection advice </li></ul>
  • 5. Facility Services <ul><li>High quality office, manufacturing, and lab space </li></ul><ul><li>Affordable rates </li></ul><ul><li>Flexible lease terms </li></ul><ul><li>Office furniture / Shared office equipment </li></ul><ul><li>24 hour access </li></ul><ul><li>Security services / Secured parking </li></ul><ul><li>Utilities and janitorial services </li></ul><ul><li>Kitchens and eating facilities </li></ul><ul><li>Conferencing facilities </li></ul><ul><li>High-speed internet access </li></ul><ul><li>Discounted telephone rates </li></ul>
  • 6. Collaborations with Many Other Organizations <ul><li>Angel funds </li></ul><ul><ul><li>ARCHAngels </li></ul></ul><ul><ul><li>East Central Ohio Angels </li></ul></ul><ul><ul><li>Northcoast Angels </li></ul></ul><ul><ul><li>Ohio Tech Angels </li></ul></ul><ul><li>Ashland Area Chamber of Commerce </li></ul><ul><li>The Cleveland Engineering Society </li></ul><ul><li>BioEnterprise </li></ul><ul><li>COSE </li></ul><ul><li>Cuyahoga County Department of Development </li></ul><ul><li>Greater Akron Chamber of Commerce </li></ul><ul><li>Greater Cleveland Partnership </li></ul><ul><li>Greater Lorain County Growth Partnership </li></ul><ul><li>JumpStart, Inc. </li></ul><ul><li>Lorain County Department of Development </li></ul><ul><li>Lorain County Chamber of Commerce </li></ul><ul><li>MAGNET </li></ul><ul><li>Mansfield/Richland Chamber of Commerce </li></ul><ul><li>NASA’s Emergent Program </li></ul><ul><li>NEO411.biz </li></ul><ul><li>NEOSA </li></ul><ul><li>NorTech </li></ul><ul><li>Ohio Venture Association </li></ul><ul><li>Richland Economic Development Corporation </li></ul><ul><li>SBA </li></ul><ul><li>SCORE </li></ul><ul><li>SBDCs </li></ul><ul><li>Team Lorain County </li></ul><ul><li>University of Akron Research Foundation </li></ul><ul><li>Venture funds </li></ul><ul><li>Various colleges and universities </li></ul><ul><ul><li>University of Akron </li></ul></ul><ul><ul><li>Baldwin-Wallace </li></ul></ul><ul><ul><li>Carnegie Mellon </li></ul></ul><ul><ul><li>Case Western </li></ul></ul><ul><ul><li>Cleveland State </li></ul></ul><ul><ul><li>Cuyahoga Community College </li></ul></ul><ul><ul><li>Lorain County Community College </li></ul></ul>
  • 7. Powerful Portfolio of Companies <ul><li>98 Tenants* </li></ul><ul><ul><li>20 Minority/Women owned </li></ul></ul><ul><li>484 Employees* </li></ul><ul><li>80% Capacity Utilization </li></ul><ul><ul><li>~200,000 sq. ft. of space available </li></ul></ul><ul><ul><li>~160,000 sq. ft. occupied </li></ul></ul><ul><ul><li>~145,000 sq. ft. additional about to come on-line </li></ul></ul><ul><li>NEOinc staff provides significant counseling to 500+ companies/year </li></ul><ul><li>* As of 12/31/06 </li></ul>
  • 8. Proven Economic Results NEOinc Tenants (FY04-06) <ul><li>$145.8 Million—Total Sales Revenue </li></ul><ul><li>$59.6 Million—Total Investment </li></ul><ul><li>463 Jobs Created </li></ul><ul><li>$58 Million—Total Payroll </li></ul><ul><li>21 Patents Issued </li></ul><ul><li>87:1 Leverage on Edison Funding </li></ul>*(Sales Revenue + Investment)/Edison Funding

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