NEOinc Overview

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