2009 Tech Columbus Annual Report

ANNUAL REPORT October 23, 2009 FACESOFINNOVATION Advertising supplement to Columbus Business First SPONSORED BY: 102309 TechCols 28.indd 1 10/15/09 1:28:52 PM

2 Advertising Supplement to Columbus Business First Faces of Innovation - TechColumbus annual report 10.23.09 FACESOF INNOVATION Welcome letter from Jay Jordan and Ted Ford BOARD OF DIRECTORS Chair Alan Cullop Health System, the OhioHealth announcement Jay Jordan Executive Vice President Welcome to TechColumbus’ fourth strengthened Central Ohio’s position as a leader CEO & CIO annual report to the community. in healthcare delivery. OCLC Inc. NetJets Inc. is past year has been a dizzying ride, and while • TechColumbus reported in its 2009 Innovation Vice Chair E. Gordon Gee a measure of calm has returned, the ride isn’t over. Capital Report that early stage risk capital for Dwight Smith President Founder, President & CEO As the nation’s “#1 Up and Coming Tech City,” young Central Ohio tech companies continued to The Ohio State University Sophisticated Systems, Inc. how has our emerging tech economy fared? Cen- grow despite a dramatic downturn in the availabil- tral Ohio tech companies took some casualties, but ity of venture capital nationwide. e vast majority Michael Keller Secretary Executive VP and CIO Central Ohio also continued to move ahead and of young tech companies in Central Ohio have Steve Allen Nationwide position itself for the coming upturn. Consider the retooled their business plans, are weathering the CEO following: storm, and are preparing to resume their growth. Nationwide Children’s Robert Massie Hospital • In the past several months, Central Ohio has • At the depth of the economic downturn, Tech- President CAS been highly ranked nationally as one of the best Columbus, Sterling Commerce and other busi- Treasurer places to do business (Wall Street Journal Mar- nesses collaborated to launch the first ever In- Rhonda DeMuth Richard Rosen ketwatch 2008), a great place to find tech-related novation Summit in Central Ohio, attracting 175 Chair and CEO Vice President, Education employment (US News and World Report 2009). attendees who shared their insights into promot- TDCI, Inc. and Philanthropy e City of Dublin was ranked by Fox Business ing innovation in the workplace. TechColumbus Battelle (2009) as one of the best smaller cities in the na- membership grew 69% from July 2008 to June David Bianconi tion in which to launch a business. 2009 as companies, entrepreneurs and investors Founder & CEO Michael Petrecca banded together to support and learn from one Progressive Medical, Inc. Managing Partner • Nationwide Children’s Hospital broke ground on another. PricewaterhouseCoopers a new 720,000 square foot hospital tower, as well What explains our region’s ability to continue to Ted Celeste as expansions in research capacity, that will make advance despite the worst economic downturn in President Caroline Whitacre it one of the largest free-standing pediatric facili- decades? It’s a combination of attitude and ability. Celeste & Associates Vice President for ties in the nation. We have determined and visionary leadership com- Research John Cullivan bined with a growing recognition that we can do The Ohio State University • Battelle announced a $200 million expansion at Business Consultant this and will do this. It’s people. its main facility in Columbus and its West Jeffer- TechColumbus son research facilities, demonstrating the strength As you read this year’s annual report to the Com- 1275 Kinnear Rd. Columbus, OH 43212 of its commitment to Central Ohio. munity, you’ll learn more about the many creative, (614) 487-3700 talented and determined people who are building (614) 487-3704 fax • More recently, OSU announced a $1 billion ex- a robust regional tech economy here in Central pansion of its medical center complex, the largest Ohio. Once again, Central Ohio is on the move! project ever undertaken at the university and one that is sure to continue to raise OSU’s stature as one of the nation’s premiere medical care and Sincerely, STAFF DIRECTORY research institutions. OSU also made significant advances in planning a high density research park on its West Campus. • OhioHealth announced a $150 million expan- Ted Ford Platform Lab Andy Dickson sion of its Riverside campus. Combined with Jay Jordan Ted Ford Steve Gruetter Director, Ohio President & CEO Platform Lab Director TechAngels Funds expansions at Nationwide Children’s Hospi- CEO, OCLC President and CEO Chair, TechColumbus Board of Directors TechColumbus Pete Dunleavy tal, OSU Medical Center, and Mount Carmel Finance and Accounting Joe Butvin Allison Finkelstein Manager New Business Sales Sr. Director Funds Representative Management Michelle Murcia VP Finance & Russell Schmidt Kevin Gadd Lead Tech, Director IT PARTNERS Administration and CFO Platform Labs Commercialization Diane VanDeusen Executive Assistant TechStart Team Stefphanie Harper Will Indest Director, Venture Client Services Team VP, Venture Development Outreach Teresa Cline Development Client Service Manager Rick Focht Dan Meek Entrepreneur in SUSTAINING PUBLIC AND TECHSTART Tracy Watterman Client Service Director, Commercialization Residence MEMBERS COMMUNITY PARTNERS PARTNERS Representative Services Burton Page Sr. Director Technology AEP BioOhio City of Columbus Marketing and Chris Anderson Commercialization Startup Specialist Battelle City of Columbus City of Dublin Membership Team Tim Haynes George Proicou Cardinal Health Columbus Chamber City of Upper Arlington VP Member Services Stephen Anderson Director of Life Science CAS Columbus Metropolitan Library Columbus Chamber and Marketing Business Development Commercialization Representative, Huntington Columbus State Community College – The Research Institute at Paul Anthony TechStart Gary Rawlings The Ohio State University Small Business Development Center Nationwide Children’s Hospital Director of Marketing Director Technology COSI Nationwide Franklin County Dan Casey Commercialization Caroline Haskett Entrepreneur in Nationwide Children’s Hospital Ohio Department of Development Greif Marketing Coordinator Residence Scott Rebele OCLC Ohio IT Alliance Huntington TechStart, Accounting/ PolymerOhio Laura Coffee Reporting State of Ohio NCT Ventures Kay Shabazz Event Planning and TechStart, Member OhioHealth Member Support Outreach Susan Stanton Ohio TechAngels Manager Technology Rick Coplin Commercialization Ohio’s Third Frontier Program Leslyn Wheeless Business Development Consultant OSU Fisher College – Center for Director, Membership Representative, Entrepreneurship Sales TechStart The Ohio State University Village of New Albany 102309 TechCols 28.indd 2 10/15/09 1:28:54 PM

10.23.09 Faces of Innovation - TechColumbus annual report Advertising Supplement to Columbus Business First 3 LEADERSHIPANDCOMMON GOALS make innovation a top priority in Central Ohio Bing Tan, Amy Heintz, Joel Elhard – Battelle B ehind every culture of inno- “The program has, in fact, been a vation is a dynamic group In April, Fox Business News ranked Dublin catalyst for economic growth and of leaders committed to the No. 1 small city for startups. I believe its renewal will support their companies and com- Columbus was named the No. 1 Up-and- our community’s development munities, and determined to create a positive future for both. In Coming tech city in the nation. and the expansion of high tech the past year, reports of the nation’s The Wall Street Journal’s MarketWatch companies across our state.” ranked Columbus No. 7 on its best places economic downturn have caused many to do business list, up from No. 14 the Ohio Gov. Ted Strickland other regions in the country to “pull in year before. their horns” and wait for the recession And the list of accolades could go on and on. “To lure tech businesses and venture capital to end. But in Central Ohio, many of the Creating a true snowball effect for the region is to the region, Central Ohio has to tell its story area’s top leaders recognize that, more a combination of top-down economic develop- cleanly and consistently,” Ford said. “It has long than ever, this is the time to make inno- ment efforts by the state of Ohio, and ground- been a great story. What has changed is that vation a driving force in the region. breaking work by Central Ohio’s innovation- Central Ohio is telling it and speaking with one nurturing community. This includes educational voice. That makes a tremendous difference in and research institutions, and the increasingly the competitive economic development mar- In their thoughts and deeds these leaders in networked entrepreneurial and tech commu- ketplace.” education, industry and government seek to nity, along with stakeholders in business – all create an innovation mindset that will sustain joining forces to head in the same direction. The funding that Ohio Third Frontier has fun- Central Ohio throughout its next phase of neled in the Central Ohio area through Tech- growth and productivity. “What we need to do is to make sure that we Columbus’ incubator and entrepreneurial as- partner with Battelle, with Nationwide, with sistance programs, angel funding and venture The result is high-paying jobs, new and develop- TechColumbus, with everyone, to create this capital introductions, daily training and annual ing companies, and products and services that kind of energetic opportunity for ideas to be events has deﬁnitely resulted in a big part of the are increasing global productivity. The rest of turned into reality almost immediately. And impact our region is enjoying. By the end of last the country is taking note. that’s what Columbus provides – it’s a hotbed year, Ohio Third Frontier had created 7,700 jobs for that, right here,” says Ohio State University and leveraged a total of $3.5 billion in private In August, U.S. News and World Report President E. Gordon Gee. and federal funds since 2002. named Columbus on its “Best Places to Find a Job” list, citing Central Ohio’s TechColumbus CEO Ted Ford puts a slightly “The program has, in fact, been a catalyst for health care and high tech industries as different spin on the same concept. economic growth and I believe its renewal will drivers of growth. LEADERSHIP continued on page 5 102309 TechCols 28.indd 3 10/15/09 1:28:56 PM

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10.23.09 Faces of Innovation - TechColumbus annual report Advertising Supplement to Columbus Business First 5 Message from President Message from President & CEO E. Gordon Gee The Ohio State University Jeff Wadsworth Battelle W B ithout question, the economic difficulties of the past attelle’s 80-year commitment to the central Ohio community dates year have been substantial. But I fully believe that to the will of Gordon Battelle, which funded the establishment of the scale of our opportunities – for the University, what today is the world’s largest independent research and develop- Columbus and Ohio – far exceeds the challenges. e current ment organization. In fact, Gordon’s will mandates Battelle’s mission as economic crisis will fundamentally reset our country for the next 50 years. It will reset being “for the benefit of mankind.” our values and our direction, and will also create new opportunities to compete and Over the years, we have contributed hundreds of millions of dollars to the central Ohio com- excel globally. In the new knowledge economy, higher education will be at the center of munity, from education grants to United Way to COSI, and we’re proud to play a leading role in those foundational changes. fostering the growth of STEM schools with our community partners. All of us at Ohio State are fully committed to leading the way. We have an unmatched We lend our scientific expertise to TechColumbus because we know that innovation and partner- breadth and depth of faculty expertise, gifted students, the country’s most spirited ships go hand-in-hand, and the collaborative efforts TechColumbus is leading are critical to the alumni, and talented, motivated staff. We are also deeply fortunate to have the staunch growth of the area economy, the creation of high paying jobs, and the attraction and retention of support of our elected leaders, who believe, as I do, that Ohio’s bright future is tied talent. to an educated, entrepreneurial workforce. eir strategic investment builds our core Having worked in three major R&D centers elsewhere in the United States, I know how critical strength. With resources from Ohio ird Frontier, for example, we work with other it is to have collaborative community leadership to create and help drive economic growth, and I universities and with businesses to conduct leading-edge research that will improve lives applaud your efforts to bring talent, funding and leadership to the table as we pursue our goal of and transform Ohio’s economy to compete in the 21st century. making this area a national center of science and technology innovation. GEE continued on page 11 Continued: LEADERSHIPANDCOMMON GOALS make innovation a top priority in Central Ohio support our community’s development and the providing them with usage information. Columbus expansion of high tech companies across our is fertile ground for new ideas, says AEP’s CEO Mi- Fast-Tracking Innovation A state,” said Ohio Gov. Ted Strickland in his ad- chael Morris, because of the advantages that the s the region’s premier institutions grow, they are dress during this year’s TechColumbus Innovation tightly-knit and growing tech community confers. focusing more than ever on creating an internal Summit. infrastructure that will allow them to continue “I think this is one of the few areas that has this to foster innovation, from research and development, to Columbus Mayor Michael B. Coleman also approach to helping young firms get on their products and services, to the art of human resources. supports the concept of working together feet,’” says Morris. for the common good. “Thanks in part to This year, for the third year in a row, Fortune magazine tremendous assets such as TechColumbus, Ohio State University’s dedication to the com- has named OhioHealth one of the country’s “Best places Battelle, the Ohio State University, our hospitals munity is well-documented and its investment in to Work.” OhioHealth was the highest ranked organiza- and other community partners, Columbus is research to advance the greater good, not just tion in Ohio and the second highest ranked healthcare nationally recognized as a leader in research in the tech community, but in the community system in the nation. “We are again honored by Fortune and technology,” Coleman says. “We invest at large, makes the institution a jewel in Central magazine’s recognition of OhioHealth as one of the best in TechColumbus because of the crucial Ohio’s crown. places to work,” said Dave Blom, president and CEO of role it plays in creating jobs and promoting OhioHealth in a release in January. “It is an affirmation entrepreneurship.” “We have an unmatched breadth and depth of that, together, we have built a strong culture and a faculty expertise, gifted students, the country’s healthy work environment that ultimately results in better Central Ohio’s already strong research, educa- most spirited alumni and talented, motivated care for our patients.” tional institutions and corporations are continu- staff,” said President E. Gordon Gee. “We work ing to grow in stature and achievements. with other universities and with businesses to Another Central Ohio health care organization recognized conduct leading-edge research that will improve year after year for its achievements is Nationwide Chil- Battelle Memorial Institute, the largest private lives and transform Ohio’s economy to compete dren’s Hospital. research and development organization in the in the 21st century.” world, committed in January to a $200 million In June, the hospital earned a spot on U.S. News and expansion of research, production and other Ohio State is also committed deeply to research, World Report’s 2009 prestigious list of America’s Best facilities at its Columbus-area campuses. Battelle development and commercialization, expanding its Children’s Hospitals for the fourth consecutive year. The employs 2,500 in the Central Ohio region and Office of Technology Licensing and Commercializa- rankings are a testimony to the strides the hospital has 24,000 worldwide. Battelle is widely recognized tion and planning expansions of its high technol- been making in expanding its research capacity and com- for its lab management excellence as well as the ogy research park on its West Campus property. mitment to clinical programs, said CEO Dr. Steve Allen. application and commercialization of scientific Nationwide Children’s brings in some $50 million per year research. in active grants to further that research. “Battelle’s 80-year commitment to the Central Part of the legacy of Nationwide Children’s belongs to its Ohio community dates to the will of Gordon Battelle, which funded the establishment of INNOVATION IS... excellent and talented staff members who help facilitate technology transfer and usher medical ideas into the what today is the world’s largest independent marketplace. This year, the hospital hired Dr. Chris Will- research and development organization. In “… the art of creating something son, former assistant director of the Office of Technology fact, Gordon’s will mandates Battelle’s mission new or making something old into Transfer at the University of Louisville, to head the new as being ‘for the benefit of mankind,’ ” said something new. A business that Department for Technological Commercialization. fails to innovate will be relegated Battelle President and CEO Jeffrey Wadsworth. to a place in the file drawer of history. A business that innovates Columbus’ growing reputation is an important factor in American Electric Power (AEP), headquartered in will live to see another day.” the hospital’s growth and ability to hire globally-recog- Columbus, is at the forefront of “Smart Grid” nized staff physicians and researchers. “Clearly, people in efforts that would upgrade the nation’s electric our business perceive there is a buzz in Columbus, and in power transmission network to incorporate com- particular with Nationwide Children’s, which has allowed munications technologies, allowing residential and Susan Rector | Schottenstein Zox & Dunn us to recruit people who can go anywhere in the world small commercial customers to reduce costs by they want,” Allen said. 102309 TechCols 28.indd 5 10/15/09 1:28:57 PM

6 Advertising Supplement to Columbus Business First Faces of Innovation - TechColumbus annual report 10.23.09 ACTIONS BIG AND SMALL harmonize to foster innovation Columbus Metro High School students Kamara Willoughby, Wenliang Fu, Katarina Stone, Charisma Boamah. I nnovation doesn’t just happen Robert Massie has served on the TechColum- “An organization such as bus board since the organization’s inception in – like anything of value, it 2005, and prior to that, he served on the board TechColumbus is key to needs to be encouraged and of the Columbus Technology Council which in facilitating the connections nurtured. From specialized 2005 merged with the Business Technology medicine to advanced materials Center to form TechColumbus. that advance Central Ohio’s to sophisticated information tech community and allow “An organization such as TechColumbus is key technologies and software, Central to facilitating the connections that advance the region to build upon the Ohio’s innovation community is a Central Ohio’s tech community and allow the knowledge of everyone.” region to build upon the knowledge of every- mosaic of organizations, companies one,” Massie said. “CAS was one of the found- Robert Massie, CAS and the people behind them – all ing organizers of TechColumbus. We believe working to advance technology and it is vital for our region to have a technology- oriented economic development organization “At Battelle, we believe that STEM skills are influence our future. like TechColumbus.” necessary for everyone,” said Diana Wolter- man, Battelle Education Project Manager in Whether they do it directly through research Pipeline to a tech-based economy Residence at Metro. and development, or indirectly by supporting Fostering innovation begins early in Central those who create new products and services, Ohio. A tech-based economy depends heavily STEM is not a group of courses, but a way of educators, researchers, government officials, on talented employees, and the region’s aca- thinking and a set of skills that help students health care workers, nonprofit organizations demic institutions place a high priority on pre- to get into and succeed in college. “There is a and corporations all play their parts in fostering paring the next generation of professionals. shortage of STEM-literate employees and in- innovation in the region. creasing the number of students with the abil- Metro High School in Columbus was created in ity to go into STEM careers is good for Battelle, Columbus-based Chemical Abstract Service 2006 by a partnership between Battelle, Ohio our community and our country,” she said. (CAS) has been a supporter of innovation in State University and the Educational Council, Central Ohio as well as the rest of the nation an alliance of the 16 Franklin County school Metro High School’s business internship class is for decades. CAS, which celebrated its 100 year districts. a great example of the school’s pipeline from anniversary in 2007, has provided generations education to innovation, Wolterman said. “I’m of scientists with unparalleled access to one of Front and center of Metro’s curriculum is the currently working on placing 30 of our students the most comprehensive collections of chemical STEM program (science, technology, engineer- with partner organizations so they can experi- information in the world. ing and math), which provides students with ence career fields and start to network with knowledge and critical thinking skills. So valu- professionals.” One of the ways CAS supports the local tech able to their ability to advance business strate- community is through its leadership’s contribu- gies and competitiveness, these skills form a tion to the region’s boards of directors. CEO foundation for building their own careers. ACTIONS continued on page 7 102309 TechCols 28.indd 6 10/15/09 1:28:59 PM

10.23.09 Faces of Innovation - TechColumbus annual report Advertising Supplement to Columbus Business First 7 ACTIONS BIG AND SMALL harmonize to foster innovation Souba Jr., Senior Vice President and startups as is TechColumbus, but sev- ny’s researchers invented the first MRI- ACTIONS continued from page 6 Executive Dean for Health Sciences and eral tech-based startups began there. compatible treadmill, which overcame CEO of the Medical Center. “When One of these is EXCMR Ltd., founded the obstacle of magnetism in the MRI On the other end of the pipeline, Entro- OSUMC builds commercial partnerships by cardiologist Lon Simonetti. Simonetti in order to diagnose heart disease while tech Inc. is one company that sees the with TechColumbus and others, it en- was recruited to OSU through support the patient is undergoing stress test- potential of talented students and helps courages discovery and innovation be- from the Cardiovascular Bioengineer- ing. EXCMR was named the winner of them develop into top-notch employ- cause people from the business and ing Enterprise, an initiative dedicated to TechColumbus’ Innovation Award for ees. Entrotech CEO James McGuire says academic worlds collaborate and share establishing the state’s preeminence in Outstanding Startup Business in 2008. his advanced materials company taps ideas, which enhance further innovation cardiovascular technology and funded by The company also received a commer- the incredible resources of the nearby and creativity.” Ohio Third Frontier. cialization funding grant from the Global OSU chemistry department. “We’re very Cardiovascular Innovations Center this focused on our intern program,” said Jean E. Schelhorn, OSU Associate Vice EXCMR is a developer of medical devices year. McGuire. “The student talent in our area President of Commercialization, said the that enhance cardiovascular magnetic is second to none.” Entrotech has estab- Medical Center is not an incubator for resonance imaging (MRI). The compa- lished a foundation to develop promising interns’ skills. McGuire said the skills of his innovative staff – whether in creating new microbes, inventing better ways to store data or even developing new ways to protect a vehicle’s paint – enables Entro- tech to compete on a global scale. From research to marketplace Translating research into marketable products that enhance the quality of life for everyone is an important way innovation and technology go hand-in-hand in our region. Columbus-based startup, Traycer Diag- nostic Systems, is doing its part to advance the detection and prevention of cancer with research and commercialization of new techniques based on the power of terahertz radiation. “Terahertz radiation has been shown in pre-clinical studies to have a high specificity and sensitivity for detection of breast cancer,” said H. Lee Mosbacker, Traycer’s Chief Technology Officer. An OSU technology licensee, Traycer is developing products that would allow terahertz techniques to be applied to a wide range of practical applications. Technology commercialization is a major focus at The Ohio State University Medi- cal Center. “Innovation at OSU fosters commercialization when discoveries lead to new products,” said Wiley ‘Chip’ INNOVATION IS... “... creating a solution to That's why Fox Business News Power Rankings lists Dublin as the an existing problem in the “No. 1 City in the Country for Start-ups” community and and BusinessWeek Online says Dublin is commercializing “The Best Small City in Ohio for Start-ups” it.” If you're looking for an innovative, entrepreneurial and Smart Community, look to Dublin. It's Greener in Dublin! JIM MCGUIRE | entrotech 102309 TechCols 28.indd 7 10/15/09 1:29:00 PM

Join the movement. Membership in TechColumbus provides insight and community to help companies and professionals succeed—fortune 500s, small startups, and everyone in between. Why join TechColumbus? TechColumbus provides information, community and support designed to help businesses and individuals grow. As a TechColumbus member company, your full-time employees receive the full beneﬁts of membership, and are welcome to participate in our events and programs. Stay Connected networking and professional development events each year. and gain access to key contacts in TechColumbus’ member database. Promote Your Company with our members-only online tools. Build Your Business and Develop Your Skills you and your employees discover new ideas, learn and grow. events, forums and sponsorships. Save Money Fuel Local Innovation economy. For more information, please contact our membership sales department at 614.340.1688 or membership@TechColumbus.org. Network with more than 500 + member companies representing over 100,000 employees, including: Academic Institutions Large Organizations Professional Services Technology Companies Columbus State Community College Accenture Battelle Franklin University Cardinal Health CAS Cranel Huntington Deloitte & Touche Health Care Nationwide Fahlgren NetJets Nationwide Childrens Hospital Qwest Sterling Commerce Test your Satisﬁed clients nationwide. limits The best value for IT testing, development Save time, save money, and improve and project infrastructure in the nation. your processes and systems. 614.675.3711 | info@PlatformLab.org | PlatformLab.org 102309 TechCols 28.indd 8 10/15/09 1:29:01 PM

10.23.09 Faces of Innovation - TechColumbus annual report Advertising Supplement to Columbus Business First 9 PARTNERSHIPSLAYGROUNDWORK for solid innovation economy N ew Albany’s director of is located in the Dublin Entrepreneurial Center. One “TechColumbus is one of the top of the center’s big success stories is Vitality Distribut- development Jennifer Chrysler says she ‘go-to’ organizations when we ing, Inc., a tenant of the center and creator of Avitae energy water. The center and Dublin helped Vitality by was thrilled when the are contacted by an out-of-state connecting the company with the Center for Innovative village partnered with tech company looking to locate Food Technology and the Small Business Development TechColumbus to create the New Albany in Franklin County... ” Center which provides technical and business expertise to small businesses in the region. Business Development Center, a facility to James Schimmer, Franklin County assist and encourage startups. The village Public and private sector partners had already successfully convinced Fortune What’s so incredible is the number and breadth of “We do have a lot of partnerships,” said Colleen Gilger, public and private industry entities who contribute in 100 companies to establish headquarters Economic Development Administrator for the City of a variety of ways to the region’s innovation economy. and facilities within New Albany. They Dublin. Dublin is home to the Dublin Entrepreneurial They do so because of the tremendous benefits they wanted to create an economic climate that Center, which like the New Albany Business Center, see to the region in terms of economic growth and is a development hub for startups and was created in the creation of “knowledge economy” jobs across the would support smaller businesses and partnership with TechColumbus. Gilger said Dublin is region. startups. working hard to foster strong partnerships between the community’s established businesses and the startups. “The Franklin County Commissioners are very focused TechColumbus works with the city to encourage estab- on start-up businesses,” said James Schimmer, Director The center, which opened in June, already hosts several lished businesses to get involved by offering classes and of Franklin County’s Economic Development and Plan- new businesses including Hiring Force, a staffing ser- providing free or discounted services to the startups ning Department. He said the county relies heavily on vice, and eProximiti, an electronic marketing company. that the Dublin Entrepreneurial Center attracts. Rea & TechStart to reach this goal and contributed $200,000 Chrysler was pleasantly surprised when these startups Associates, a Dublin accounting and financial services this year toward pre-seed funding. The county also began partnering with New Albany’s large, established firm, hosts classes and offers its services. DHB Net- helps companies including tech startups that gradu- companies. “We didn’t anticipate the extent to which works, which provides citywide WIFI service, is a partner ate from the TechColumbus TechStart program by these businesses would provide products and services who offers its service free to the center. making available tax incentives provided through En- that enhance existing businesses,” she said. terprise Zones and Community Reinvestment Areas. “We have a great relationship with the City of Dublin,” Collaboration and partnerships are so critically im- said Rick Coplin, TechColum- PARTNERSHIPS continued on page 11 portant to gaining momentum and building a thriv- bus Business Development ing business community, particularly in the current Specialist whose office economy,” said Will Indest, TechColumbus Vice President of Venture Development. Ohio businesses and other stakeholders in the region understand the impor- tance of an innovation-focused business development culture that depends on the collaboration with others to make it happen. Louise Rodino, Nancy Davis and Janaiah Kota - Nationwide Children’s Hospital 102309 TechCols 28.indd 9 10/15/09 1:29:03 PM

Inspiration. Expertise. Innovation. That’s Buckeye pride! DO SOMETHING GREAT osu.edu 102309 TechCols 28.indd 10 10/15/09 1:29:04 PM

10.23.09 Faces of Innovation - TechColumbus annual report Advertising Supplement to Columbus Business First 11 PARTNERSHIPSLAYGROUNDWORK for solid innovation economy PARTNERSHIPS FOR GROWTH Public and private partners have been work- Partnerships create a bond within the coming hard to create a fertile ground in which to munity that allows the people who drive our PARTNERSHIPS continued from page 9 grow and attract high technology companies and innovation successes to learn from each other The county also refers to TechColum- INNOVATION IS... industries. and grow from the strength of that collaborative energy. bus companies that can benefit from Cooperative efforts between TechColumbus and its services. “TechColumbus is one of local governments such as Dublin, New Albany, TechColumbus is a bridge builder in the tech the top ‘go-to’ organizations when we “... key to the continued Franklin County, City of Columbus and others, community, bringing together major players and are contacted by an out-of-state tech growth and development as well as private and public partners such as startups, entrepreneurs and capital, technologists company looking to locate in Franklin of our region.” Ohio State, Battelle and many of the region’s top and business strategists. Nationwide Children’s County, or someone locally who has a corporations, are creating pockets of innovation Hospital, for instance, links to the local high great idea but doesn’t know where to throughout the region. Many are in the forms of tech community in part through deep connec- turn,” Schimmer said. ndustrial parks and entrepreneurial incubators tions with TechColumbus – from Nationwide whose goals are similar to TechStart, TechColum- Children’s Hospital CEO Steve Allen’s presence on TY MARSH | Columbus Chamber All about business bus’ first cradle for tech-based businesses. TechColumbus’ board to employee participation In addition to collaborations that ex- in education programs and events. pand funding, referrals and technical ening the logistics technology assets These tech corridors are more than physical assistance, partnerships are bringing within the region can further build the locations for businesses. Their campuses host a “We see the collaboration with TechColumbus greater awareness and marketing pow- Columbus area’s logistics industry com- vast repertoire of resources, from the technical as being very important to our developing our er to the region’s tremendous economic petitiveness. and operational, to educational, to funding op- tech commercialization initiative at the hospi- assets, including the emerging technol- portunities available through Ohio Third Frontier tal. There’s a synergy in having like-minded ogy sector. Partnering for a dollars and a rapidly growing number of private people with different skill sets work together win-win for everyone capital funds. toward common purposes,” says Allen. Ty Marsh, president and CEO of the Co- Aside from government and munici- lumbus Chamber says the community pal support, Central Ohio innovation worked together to host reporters and receives a huge boost from industries media when Forbes Magazine named whose lifeblood is dependent on a Columbus the No. 1 Up-and-Coming Tech City in the United States, in March highly educated and technologically advanced workforce. Nationwide Chil- PARTNERINGOPPORTUNITIES 2008. “We brought in reporters to tour dren’s Hospital is one example of such Those at Dublin Entrepreneurial Center, New Albany Business Development Central Ohio,” he said, and spread the an entity within the health care industry Center and all of TechColumbus’ partners are doing everything they can to help word about what a great region Central that both encourages and benefits from Ohio is by touting its amazing tech re- partnering with the region’s innovation innovation businesses and help people connect with to each other so they have sources and businesses such as Battelle, community. the best opportunities to flourish. Opportunities to partner with TechColumbus OCLC, Sterling Commerce, TechColum- and other organizations in the region’s tech community abound. One of the bus and many others The nationally ranked Research Insti- tute at Nationwide Children’s Hospital best ways to stay connected to those opportunities is through TechColumbus’ In addition, TechColumbus collaborates is focused on developing new tech- Web site: www.techcolumbus.org. with the Chamber as part of a 24-mem- nology in products and health care ber team charged with developing a delivery to improve the quality of life strategy to grow the region’s logistics for children everywhere. Commercial- industry, which is now under full imple- ization of research to create products mentation. “The logistics industry has and systems is a strategic imperative been the focus of economic develop- and an investment focus for the or- ment in the Columbus region for many ganization. GREAT IDEAS years,” said Marsh. “This long-range strategic plan really focuses our commu- “We have a lot going on, and a strong nity’s efforts to ensure that this industry desire to work with local companies,” is sustainable and that our community said Dr. John Barnard, President of the makes the most from an opportunity that is unique to Columbus.” Research Institute. TechColumbus has been “exceedingly helpful” to Chil- ARE A NATURAL The logistics industry in the region, dren’s Hospital in the commercialization of new products developed there, Bar- BYPRODUCT made up of the eight-county metropoli- nard said. Barnard adds that “these are tan statistical area, already accounts for the early days of working with Central Clearing your path to business success. 100,000 jobs and nearly 14 percent of Ohio’s tech community,” and he can the region’s private sector employment. only see more involvement and contin- You’ll love belonging to an association full of successful sful JOIN! Expanding this capability and strength- ued growth in the future. business people. Especially when new relationships could lead to new ideas and new business. W NO sory er Advi new Pe d Tables Roun v. 3 start No If you haven’t checked out NAWBO, we invite you Message from E. Gordon Gee to do so. Over 200 of Central Ohio’s brightest women n continued from page 5 entrepreneurs will tell you, “NAWBO is a GREAT IDEA.” EA.” By extending those efforts and aggressively reaching out to establish new kinds of partnerships, we have an opportunity of a lifetime – to become the leading force for innovation and change in this state and this country. In collaboration with public and private partners of all sorts, we can become the hub • Revenue Growth of scientific and medical advances that directly improve lives and stimulate long-term Opportunities economic growth. e most innovative and dynamic community in the nation. And the • Peer Advisory Round Tables • Strategic Connections integrated resource for help in our neighborhoods and around the world. • Mentorship Networks • 26% of NAWBO • Monthly Power Luncheons members have • Dynamic Programs nawbocolumbusohio.com In Ohio State’s work to advance the greater good, one of our key partners is TechColum- businesses with bus. Working with TechColumbus facilitates the translation of research into results, and revenue over $1million annually furthers our mission to be the transformative economic force for the region and beyond. Today, we have an unprecedented moment of opportunity. Together, we must move quickly, think creatively, and press forward with a common purpose that is unerring. One that will enable us to make good on our great promise. 102309 TechCols 28.indd 11 10/15/09 1:29:05 PM

12 Advertising Supplement to Columbus Business First Faces of Innovation - TechColumbus annual report 10.23.09 FUNDINGACCELERATESREGION’S tech economy Curtis Crocker, Reservoir Venture Partners; John Huston, Ohio Tech Angels; Peter Kleinhenz, Fletcher Spaght Ventures and Rich Langdale; Andy Mansinne; Jeff Lamb; Laura Brooks of DoMedia. S tarting a tech company Funding Sources TechColumbus assists tech companies with fund- is tough. You start with a ing in several ways: It invests directly in promising great innovation, then you companies, informs them about additional funding sources, assists with grant applications and provides “The fact that our Ohio startup have to build a client base, hire employees, find office coaching and technical assistance to prepare com- portfolio companies have raised panies for angel and venture capital due diligence. space, and more. There are plenty TechColumbus’ direct investment funds are Tech- almost a quarter of a billion dollars of hurdles to overcome, but one that Genesis, The TechColumbus Pre-Seed Fund II and over the last eight years shows many entrepreneurs find most daunting The Co-Investment Fund. Other funding sources that innovation is thriving and risk include angel and venture capital groups such as The is raising capital, especially in this Ohio TechAngels, Reservoir Venture Partners, NCT capital is accessible in Ohio.” challenging economy. Ventures,Fletcher-Spaght Ventures and The Ohio Will Indest, TechColumbus Capital Fund (a fund of funds) and state funding through The Innovation Ohio Loan Fund; The Global The good news is that Central Ohio technology en- Cardiac Innovation Center; and the Ohio Technology trepreneurs still have a wide array of capital resources Investment Tax Credit. and funding available for all phases of their startups’ growth. The TechColumbus TechStart team assists in moving innovations from the idea stage to the investment stage, including funding tools that give the Where Angels Tread most promising ideas a chance at achieving measur- able returns through commercial success. E Since 2001, TechColumbus and its predecessors verybody wins when companies win funding. Once they Rector most recently served on Ohio TechAngels’ due diligence invested $11.5 million in 67 Ohio technology compa- make it past initial hurdles, startups that have a proven committee reviewing Znode, a Dublin-based company that nies through its venture and angel investment funds. product or service may be ready for angel funding. In develops and markets its flexible, online storefront platform Those companies subsequently raised more than performing due diligence on companies, angel fund members to advertising and web-design agencies and large enterprises. $245.9 million in follow-on capital from investors, determine whether a company has the potential to reap a return grants and other sources during that period. on investment. “We looked at Znode because its technology created a superior product at a lower price that is faster and easier to implement “The fact that our Ohio startup portfolio companies Susan Rector, Ohio TechAngel member and leader of the Intel- than other e-commerce storefront platforms, and the company have raised almost a quarter of a billion dollars over lectual Property Practice Group at Schottenstein Zox & Dunn Co. had 200 paying customers at the time,” Rector said. the last eight years shows that innovation is thriving LPA law firm in Columbus, has served on various due diligence and risk capital is accessible in Ohio,” said Will Indest, committees for Ohio TechAngels. Znode first used a Regional Commercialization Fund loan to get TechColumbus Vice President of Venture Develop- the company ready for external funding. “Due diligence involves ment. “However, as the region continues to produce “We look at the company’s management, competition, technol- looking at whether the company has the right people, the right more and more venture-ready companies, additional ogy, sales and marketing, finance, size of the opportunity and plan and the right product to be commercially successful,” Rector local investment dollars and entrepreneurial talent are exit strategy,” Rector said. “Exit strategy is important because said. The company’s experience in fielding questions from the needed as well,” he added. investors get paid if the company is sold or merges. There could Ohio TechAngels’ due diligence team has prepared it for its con- also be an initial public offering, but those exits are rare in this tinuing efforts to attract funding from other angel groups around In fiscal 2009 alone, those companies raised more economic climate.” the state, including North Coast Angels based in Cleveland. than $28 million and reported more than $55 million in revenue. 102309 TechCols 28.indd 12 10/15/09 1:29:07 PM

10.23.09 Faces of Innovation - TechColumbus annual report Advertising Supplement to Columbus Business First 13 ANGELANDVENTURE capital funding 30-30-30 Savings! Ohio TechAngels The Ohio TechAngels (OTA), based in Colum- bus, was formed in 2004 by 50 accredited NCT Ventures NCT Ventures was created in 1986, when founder Rich Langdale began the company Save 30 on each service for your % investors to provide a unique statewide public- Digital Storage Inc. Since then, it has helped entire term when you private investment partnership aimed at find- create many successful companies by support- purchase Internet, ing, funding and mentoring Ohio’s most prom- ing early-stage ventures in early growth op- Phone and Cable TV with ising technology entrepreneurs. Since then, portunities. The company recently expanded its a two-year agreement. it has leveraged its two Ohio Third Frontier team to address those growing opportunities, Act by 12/31/2009. grants to attract more investors and establish Langdale says. “We look for opportunities that multiple funds. Today OTA has more than 200 allow us to get involved early, apply our opera- Call 1.877.784.1315 members, making it the second largest angel tional expertise and exit with great returns for or visit twcbc.com/midohio group in North America. our investors,” he says. Though NCT has had success in many different industries, its primary OTA has two funds that are managed by Tech- focus is on marketing, logistics and companies Columbus and is raising a third fund. The group using technology to make a marketplace more Time Warner Cable Business has established a co-investor network that has efficient. “Regardless of the industry, we are Class keeps your business brought even more funding to OTA’s 25 port- always looking for companies that are highly running at full speed with the folio companies. The Ohio TechAngel Funds, scalable, have a large and expanding market, power of high-speed Internet OTA members, co-investing angels, venture have a sustainable competitive advantage, access. Combined with Phone capital firms and other follow-on funders have, disrupt traditional business models and have and Cable TV service, we in total, provided $96 million in capital to these a strong management team,” Langdale says. provide a communication companies. OTA’s portfolio companies have “An idea is only as good as the person behind solution that fits your business combined revenue of $88 million and employ it. At NCT Ventures, we invest in people first, perfectly. So you always stay 304 technology workers at an average annual ideas second.” ahead of the competition. salary of $75,800. Fletcher Spaght Ventures A proud supporter of John Huston, the group’s founding member, is Boston-based Fletcher Spaght Ventures opened TechColumbus. optimistic about the future. “We’ve had won- a satellite office in Columbus in 2008 when it derful support from Ohio Third Frontier, and the started Fletcher Spaght Ventures II, the result Offer valid for new business customers only with a minimum two-year agreement. Includes high-speed Internet, minimum one line of Business Class Phone service with the unlimited local and nationwide long distance calling plan (in the United States, Canada and Puerto Rico), and Cable TV. If additional lines are purchased, pace of initial and sidecar investment continues of a joint investment from the Ohio Capital discounted rates will apply to each additional line for the unlimited local and nationwide long distance plan only, up to 12 lines. Discount does not apply to Cable TV premium channels. Standard installation and construc- unabated despite an ambiguous economy,” Fund and Battelle. “Ohio has tremendous tion rates (if applicable) apply. Offer not transferable and may not be combined with any other offer. Excludes applicable taxes and fees. Early termination fee may apply. After two-year term agreement ends, standard pric- Huston says. “The quantity and quality of the investment potential and Columbus is one of ing will apply for all services and phone lines. Business Class Phone does not include back-up power and should there be a power outage, Business Class Phone, including the ability to access 911 services, may not be avail- deal flow is the best we’ve ever seen.” the cities that represent that potential,” says able. Additional charges apply for taxes, fees, Directory Assistance, Operator Services and calls to International locations. Offer valid for new business customers in Business Class Phone serviceable areas. Offer may not be Michelle Murcia, who recently led the Fletcher available in all areas. Some restrictions apply. Time Warner Cable Business Class reserves the right to discontin- ue any feature or offer at any time. Subject to change without notice. Contract must be signed by 12/31/09 to Other angels Spaght’s Ohio operation and continues to work take advantage of the offer. Products and services not available in all areas. ©2009 Time Warner Cable, Inc. All rights reserved. Time Warner Cable Business Class is a trademark of Time Warner Inc. Used under license. Because of networking among organized funds closely with them as Vice President of Finance across Ohio, angel groups can benefit from the & Administration and CFO for TechColumbus. due diligence of others and this leads them to Peter Kleinhenz, an experienced venture capi- frequently co-invest on deals. For example, talist, joined the Fletcher Spaght team this year North Coast Angel Funds might invest in a as a Venture Partner in Ohio. “Columbus has TechAngels’ deal, as might Queen City Angels. access to tremendous research and develop- Likewise, TechAngels might invest in a deal led ment from a number of institutions focused on by one of them. This cooperation leads to deals technology commercialization, including OSU, of up to $1.5 million to $2.0 million. OhioHealth, Battelle and Nationwide Children’s Hospital.” Kleinhenz added, “There are significant opportunities to leverage intellectual Local Venture Capital firms property and develop sustainable businesses Reservoir Venture Partners in Central Ohio. Reservoir Venture Partners (RVP) is a Colum- bus-based venture capital firm that brings The Ohio Capital Fund capital, business building acumen, and a strong Another fund deeply committed to Ohio’s network of advisors to entrepreneurs and their early-stage companies is The Ohio Capital Fund team. The firm’s focus is to identify, invest in, (TOCF). TOCF is a state-sponsored initiative and help build early stage information technol- that invests in venture capital firms that com- ogy companies. RVP targets investments in mit to invest in Ohio early-stage companies. companies with an emphasis on health care, At least 50 percent of all money TOCF invests information technology and clean technology. in venture capital funds – no matter where The firm provides entrepreneurs of its portfolio the funds are located – is reinvested into Ohio companies with guidance in all key aspects of companies. Historically, TOCF venture funds operations, governance and strategy. have significantly exceeded their 50 percent investment commitment in Ohio Companies. “We are strongly focused in Ohio. Our limited partners have a strong interest in the region,” Paul Cohn, Vice President & Regional Director says Steven Jaffee, general partner with RVP. for Fort Washington Capital Group and TOCF, “The deals are backed by large well-known says TOCF is gearing up for future funding institutions that support the core of the Co- of current early stage companies. “What is lumbus economy. There also has been a lot dynamic about Central Ohio is that Ohio Third of investment support from the state of Ohio, Frontier has provided funding to TechColumbus which has supported TechColumbus. The state and the Ohio TechAngels that has resulted in has done well making smart investments to a large increase of funding for very early-stage grow early-stage technology in the region. It’s companies,” he says. “The challenge is that good to see an increasing flow of follow-on all of those companies will need continued funding and promising entrepreneurs moving funding for growth, and that is what we are through the system.” here for.” 102309 TechCols 28.indd 13 10/15/09 1:29:08 PM

Central Ohio: Pumping More and More Winning Ideas Every Day. Central Ohio’s innovation economy is surging forward. Built on a deep foundation of technology assets in industry, healthcare and research, this #1 up-and-coming tech region (Forbes, 2008) is realizing its potential. And with the support of the Ohio Third Frontier and many local partners, TechColumbus continues to assist a growing pipeline of opportunities that will only add to the region’s impressive results. In 2008, 57 companies received funding—up from 37 in 2007. Venture investment increased by 9.1% over the previous year. 102309 TechCols 28.indd 14 10/15/09 1:29:09 PM

Regional Impact * $ 11.5 million Invested directly in technology startup companies 245.9 $ million Capital Raised by Funded and Incubated Companies $ 214.1 million Revenues Generated by Funded and Incubated Companies 912 Jobs Created by Funded and Incubated Companies $ 62,393 Average Annual Salary of Jobs Created * Impact as of September 2009 for the TechColumbus Incubator and managed funds, the OhioTechAngels, and the Co-Investment Fund. And pre-seed and seed-stage deals more than doubled with the support of investments made by Ohio TechAngels, To see what’s in the pipeline, visit: the second largest angel investment group in the nation. TechColumbus.org As the catalyst, TechColumbus is accelerating company OhioTechAngels.com creation, attracting investment dollars and increasing business revenues and high paying job opportunities. We’ve got the numbers to prove that the impact is signiﬁcant. And we have the mission, programs, and the investor support to keep the results ﬂowing. 102309 TechCols 28.indd 15 10/15/09 1:29:09 PM

16 Advertising Supplement to Columbus Business First Faces of Innovation - TechColumbus annual report 10.23.09 TECH STARTUP FUNDING CONTINUUM TECHNOLOGY INVESTMENT T CREDIT / 9 TAX OHIO-MIDWEST FUND / 14 RESEARCH GRANTS / 8 SBIR I / 10 SBIR II / 11 LOAN FUND / 12 OHIO CAPITAL FUND / 13 T IMAGINING INCUBATING A DEMONSTRATING A MARKET ENTRY GROWTH & the commercial to define products & to prove SUSTAINABILITY T opportunity commercial processes in commercial to generate stability commercial context r viability financial returns FED GRANT ASSIST / 1 PRESEED FUND II / 3 OTAF / 5 T VENTURE CAPITAL / 6 M&A OR IPO / 7 TECHGENESIS / 2 CO-INVESTMENT FUND / 4 State or Federal A TechStart Public/Private ccess to capital resources in Ohio now spans many sources. Market Sources In addition to the Ohio Third 2 Frontier TechStart program, Ohio has a host of grant funding and TechGenesis Fund capital access programs in place to TechGenesis is a grant fund to transition early-stage, 5 research-driven technologies from the concept stage facilitate innovation, collaboration and into true commercialization activities. Grants are the commercialization of promising available to researchers, inventors, and entrepreneurs. Ohio TechAngel Funds (OTAF) research and technologies. Funds must be used for commercialization activities The Ohio TechAngel Funds are contributed capital and such as validation, market identification or definition, “sidecar” angel funds targeted to qualified entrepre- prototyping, IP analysis and/or development, and neurs with late incubating and demonstration phase Central Ohio entrepreneurs now have a wide ar- regulatory research. (www.techcolumbus.org) technology companies. OTAF is the second largest ray of capital resources available at all phases of angel fund in the country. Portfolio companies their tech startup’s maturity. From the earliest stage must be located in, or willing to move to Ohio, prefer- when an idea is identified, called “imagining”, 3 ably Central Ohio. TechColumbus provides manage- through market entry and business growth, these ment services for the Ohio TechAngel Funds. (www. resources give entrepreneurs and companies the ohiotechangels.com) opportunity for success. The diagram shows what Pre-Seed Fund II resources are available across Central Ohio’s Tech This fund enables promising technology startups to 6 Startup Funding Continuum. Summarized below are complete the steps necessary to attract follow-on descriptions for each. funding from venture capital firms and other sources. The process focuses on incubating Central Ohio tech- MARKET SOURCES CENTRAL OHIO ENTREPRENEURIAL nology startups that have the reasonable expectation Venture Capital SIGNATURE PROGRAM (TECHSTART) of reaching $30 million in revenue in three to seven Venture capital is a fundraising source for companies The Ohio Third Frontier TechStart program has four years and address a market of at least $100 million. who are willing to exchange equity for capital to grow investment funds to address funding needs at the (www.techcolumbus.org) or expand the business. Venture capital firms typically most critical stages of startup development. These invest in the market entry stage or later. Venture pre-seed and seed funds are intended to give en- firms typically invest in the market entry stage seek trepreneurs the opportunity to validate the com- 4 opportunities with the strong likelihood of a high mercialization potential and build the management return on investment within five years or less. Some infrastructure needed to attract follow-on funding. examples of Venture Capital funds in Central Ohio The Co-Investment Fund include: Reservoir Venture Partners (www.reservoirvp. The purpose of the $2.5 million Co-Investment Fund com), NCT Ventures, (www.nctventures.com), Adena 1 is to bring more local investment dollars into selected Ventures, (www.adenaventures.com), CID Capital OTAF II or Pre-Seed II companies, amplifying the (www.cidcap.com), Fletcher Spaght Ventures(www. value of the pre-seed or angel investment round and FletcherSpaght.com), and Athenian Venture Partners Federal Grant Proposal Support expanding opportunities for regional tech-based eco- (www.AnthenianVP.com.) In addition to investment funds, the Ohio Third nomic development. (www.techcolumbus.org) Frontier TechStart program provides funding and assistance to Central Ohio companies seeking to access grants related to Small Business Innovation Research (SBIR), Small Business Technology Transfer (STTR) and other federal small business development funding areas. (www.techcolumbus.org) 102309 TechCols 28.indd 16 10/15/09 1:29:10 PM

10.23.09 Faces of Innovation - TechColumbus annual report Advertising Supplement to Columbus Business First 17 7 12 13 14 M&A or IPO Innovation Ohio Loan Fund The Ohio Capital Fund Ohio Midwest Fund Mergers, acquisitions and initial public The Innovation Ohio Loan Fund assists The Ohio Capital Fund is designed to increase The Ohio Public Employees Retirement offerings (IPOs) are typical for founders, Ohio companies having difficulty securing the amount of private investment capital for System (“PERS”) and Credit Suisse created early investors, and other stakeholders to funds from conventional sources due to Ohio companies in the seed or early stage of the Ohio-Midwest Fund to encourage the “cash out” or receive returns from capital technical and commercial risk factors in business development by creating a “fund growth of small businesses within the they committed in growing a company to developing new products. The program of funds” portfolio of seed and early stage state of Ohio and the surrounding Mid- this stage. provides competitive financing terms on capital investments. The fund is currently at west region. This fund of funds is capital- loans to finance the acquisition, construc- $150 million from private sources for invest- ized with $100 million from PERS and $2 Mergers typically take place with a strate- tion, and related costs of technology, ment and to date more than $111 million in million from Credit Suisse. As of January gic partner where the value of accessing facilities, and equipment. Typical loans are capital has been committed to 21 investment 2007, it has made investments of over each other’s customers and synergy of between $500,000 and $2 million. Since funds,17 of which have an Ohio presence. $72 million in over a dozen funds . (www. combining operations provides an oppor- its conception in 2004, over $60 million ohioinvestmentfund.com) tunity for growth beyond what the com- in loans have been committed from this The Program is overseen by the Ohio Venture panies would be capable of individually. fund. (www.thirdfrontier.com) Capital Authority (OVCA) and is managed by Acquisitions usually involve the purchase Buckeye Venture Partners, LLC. of a smaller company by a larger firm. An (www.ohiocapitalfund.com) IPO is the first sale of stock by a private company to the public. IPOs are issued by small, young companies seeking capital to expand, but may also involve large privately owned companies looking to BRING BIG IDEAS TO A become publicly traded. 8 LOCATION THAT BREEDS STATE OR FEDERAL Research Grants There are numerous research grants avail- INNOVATION. able from state and federal sources that include, basic discovery, translational research, technology validation and development. Many of these federal grants can Whether your organization is just starting or already be accessed from www.grants.gov and thriving, the Fairfield 33 Corridor helps bring your many of the Ohio research and commer- technology and innovation-focused ideas to fruition cialization grants can be found at www. with access to: thirdfrontier.com. Educational and research resources from Ohio’s largest universities 9 A regional workforce totaling nearly one million and a local workforce of approximately 270,000 Ohio Technology TechColumbus’ TechStart mentoring program Investment Tax Credit for young tech-based companies in the central The state’s Technology Investment Tax Ohio region Credit enables Ohio taxpayers who invest A sophisticated transportation network that in small, research and development and makes it easy to move people throughout the technology-oriented Ohio-based firms to region, country and world reduce their state taxes by 25% of the amount invested in qualified tech com- High quality, high speed fiber optic Internet panies. connections A variety of local, regional, state and national The company and the investor must be programs that offer low-interest financing approved before the investment is made and financial assistance for hiring and and the company cannot currently have more than $2.5 million in revenues or training employees FEATURED net book value. Eligible companies may receive up to $1.5 million in investments TECHNOLOGY from approved investors and Ohio must be their principle place of business. (www. COMPANIES odod.state.oh.us/tech/titc/) port columbus NFOCUS CONSULTING, INC columbus customized software development and data center DIAMOND ELECTRONICS 10 11 pickerington closed-circuit television and related products violet township canal winchester AEROSPORT MODELING AND DESIGN Small Business Innovation bloom greenfield township appearance models and prototype parts Research (SBIR I and II) rickenbacker township fairfield co. airport These grants provide federal funding to airport INTERACTIVE CARE NETWORK, LLC small, high technology businesses to per- customized software for the healthcare industry lancaster form research and development projects that meet federal agency mission needs. These grants issued in the first phase are approximately $100,000 and then FAST TRACK YOUR $750,000 in the second phase. (www. BUSINESS SUCCESS. sbirworld.com) Contact the Fairfield 33 Development Alliance for comprehensive business assistance. Call us at wide open opportunities. 740.652.1546 or visit fairfield33.com/requestinfo 102309 TechCols 28.indd 17 10/15/09 1:29:11 PM

18 Advertising Supplement to Columbus Business First Faces of Innovation - TechColumbus annual report 10.23.09 CENTRAL OHIO A LEADER in economic development Andy Strange, James McGuire, Donna Jeffers - entrotech A gram, a $22.5 million effort supported by Ohio Third Frontier s the global economy begins and regional businesses, local governments, and higher Partners in our its recovery, Central Ohio is positioning itself to capitalize education partners. innovation economy on its opportunities as an • Large investments by Ohio Third Frontier, OSU, Battelle and many businesses in the region accelerate the development Over the past few years, TechColumbus has come emerging tech economy. and commercialization of cutting edge technologies. State into its own as the Central Ohio catalyst through Consider the following: investments have attracted millions of dollars in matching which a coalition of industry, academic and govern- funds from industry and propelled OSU to one of the top ment leaders can accelerate tech-based growth, universities in the nation in terms of industry sponsored says TechColumbus CEO Ted Ford. • Early-stage venture capital funding in Ohio has increased by research. 50 percent according to a study by the OSU Fisher Colleges Ford says the focus for future economic develop- Center for Entrepreneurship, while nationally, levels of seed “The Third Frontier initiative has, in fact, been a game ment efforts will be on continuing to expand and and early-stage investment dropped by 20 percent. changer for Central Ohio and the rest of the state,” leverage key strengths and partnerships in the said Ted Ford, President and CEO of TechColumbus. region. • In Central Ohio, venture capital dollars invested in startups “When I talk with my peers around the country, all increased by 10 percent in 2008, according to TechColum- are envious of the commitment the state has made to “Ohio State University is ranked No. 2 in the coun- bus’ 2008 Innovation Capital Report. technology-based economic development.” try in terms of industry-sponsored research, and it is renewing its focus on the development of a re- • Following Forbes’ naming of Columbus the nation’s No. 1 up- Recent studies by the Ohio Department of Develop- search park. The university is attracting companies and-coming tech city in the country in 2008, Entrepreneur ment (ODOD) estimate that every $1 invested by to the region to work with them, so it makes sense Magazine named the TechColumbus business incubator Ohio Third Frontier has generated about $9 in di- for those companies to create R&D operations lo- among the top 10 in the nation in 2009 rect corporate investments, grants won by research cally that can take full advantage of the faculty, institutions and other sources. “We’ve created and students and other resources at the university. • In August, Columbus was among the top ten cities named in helped capitalize over 500 new technology companies TechColumbus is working with the university to the U.S. News and World Report’s America’s Best Places to and each one of them has the opportunity to be a help make that happen,” Ford says. Find a Job 2009. The magazine cited strength in the health spectacular success in the future,” says John Griffin, care and technology sectors as job drivers. ODOD Technology Division Director. “Both organizations have at least one goal in common, to provide a real advantage to the region,” What’s driving this region’s These numbers represent years of economic develop- says Caroline Whitacre, OSU’s Vice President for growth and visibility? ment work carried out by a coalition of corporate Research. • The strength of Central Ohio’s research and technology base, partners, government officials, academia and others. including both the volume of research at Battelle and OSU TechColumbus has worked with Ohio’s Third Frontier OSU is also expanding its Office of Technology and the talent both institutions attract to the region. No Program to invest funds, help entrepreneurs start and Licensing and Commercialization office to better other city has one of the nation’s top ten research universities grow companies, and create connections between leverage the $700 million in funding its researchers across the street from the world’s largest nonprofit indepen- inventors, entrepreneurs, investors, and management bring in. Additionally, Whitacre points to the recent dent research and development organization. talent. establishment of the Industry Liaison Office, led by Sharell Mikesell, as the new point of focus for the • The commitment of the region’s business, government and “TechColumbus become a front door into all the tech university’s commercialization efforts. higher education leaders to support and grow the regional programs the state and local communities have to of- tech economy. fer,” Griffin says. “At the state level, we don’t have “We really needed to provide a front door for indus- the person power to interact with all the companies try to come in and engage Ohio State. Also, when • The availability of entrepreneurial support and assistant in the way they do.” through initiatives such as TechColumbus’ TechStart pro- PARTNERS continued on page 19 102309 TechCols 28.indd 18 10/15/09 1:29:11 PM

10.23.09 Faces of Innovation - TechColumbus annual report Advertising Supplement to Columbus Business First 19 PARTNERS continued from page 18 faculty want to find the right industry on the incubator are bio-related in one the outside to either work with for ad- form or another,” says Tony Dennis, ditional funding, or to collaborate with, BioOhio’s President and CEO. that office will function in that capacity as well,” Whitacre says. “Six years ago, Ohio was forming bioscience companies at the rate of six per TechColumbus also will continue to year. In the last two years, that number work with development partners like is 58 per year. All of the statistics are BioOhio, the statewide organization going in the right direction, and a lot devoted to growing the bioscience in- of the leadership is coming out of the dustry in the state, which is co-located Central Ohio area,” says Dennis. with TechColumbus on Kinnear Road. “Economic development across the state is robust in the biosciences. At TechColumbus, something like one- third or one-half of all companies at Incubator plays key role in economic development I n June 2009, Entrepreneur Magazine space at 1275 Kinnear Road, the home of named the TechColumbus incubator as TechColumbus two dozen tech companies. one of the 10 best in the country. From its OSU’s SciTech Corporation recently completed headquarters on Kinnear Road to satellite renovation of an additional 100,000 square facilities in Dublin and New Albany, TechCo- feet of space in the TechColumbus building lumbus provides expert entrepreneurial sup- for use by incubator graduates and other tech port and cutting-edge facilities to qualified companies requiring larger spaces. startup tenant companies in the advanced materials, bioscience and information technol- The city of Dublin continues development of ogy fields. its 1,500-acre Central Ohio Innovation Center, a high-tech commercial/industrial park at the “We have made tremendous progress in the intersection of State Routes 161 and 33 in past four years in terms of launching startups, Dublin. The 40,000 square foot anchor build- Syed Atif Syed AtifAtif said Ford. “We have learned a lot and gained ing at the site, known as the Dublin Entre- “Franklin’ program gave “Franklin’s program gave me the tools and con dence I needed to take on more responsibilities.” nklins prog g responsibilities. p considerable momentum. We have been able preneurial Center, includes a virtual incubator to not only fund many companies because of staffed by TechColumbus, as well as satellite ”.seitilibisnopser erom no ekat ot dedeen I ecned noc dna sloot eht em evag margorp s’nilknarF“ Third Frontier funds and local partners, but locations for the Columbus State Community COMPUTING DRIVES fitA deyS also have been able to attract significant fund- College Small Business Development Center, ing from angel investors and venture capital TechColumbus’ Platform Lab and tenants. BUSINESS STRATEGY firms from outside of Central Ohio, which is a very positive indicator,” says Ford. To the east, TechColumbus has partnered with the Village of New Albany to create the The TechStart program has assisted 111 New Albany Business Development Center, startups to date, giving them a head start to which houses startups and serves as a central As a CIS professional, you can play a vital role commercialization. Of those, 75 percent have location for business services to entrepre- in today’s global economy by aligning business reached sales success or commercialization. neurs in northeast Franklin, Licking, Delaware and information strategies to maximize the Already, its tenants have earned $87.4 million and surrounding communities. In addition to return on an investment in technology. in combined revenue, resulting in high-paying TechColumbus, the New Albany Business De- jobs for 265 Ohioans. velopment Center provides access to the Ohio Gain the specialized skills you need to succeed in your TechAngels, the Ohio Small Business Develop- area of interest with a degree from Franklin University. Tech Corridor revisited ment Center, the New Albany Chamber of You’ll learn how to analyze systems and implement Building on work done by the City of Colum- Commerce, Platform Lab and ActionCoach. software, plan and manage an organizational IT bus in 2006, TechColumbus has worked with infrastructure, and construct Web-based applications. key stakeholders to develop a “TechCorridor” along State Route 315 near OSU and Battelle. in addition, new business technology parks Undergraduate Majors are under development in Dublin and New Al- Computer Science bany, and in planning stages along Route 33 Information Technology south of Columbus. Rickenbacker is emerging Management Information Sciences as a center for advanced logistics. “...turning thoughts and ideas Web Development Over the next five years, much of OSU’s into solutions that make the West Campus may be transformed into a high density research park, with as much as world a better Graduate Program place. It’s only M.S. in Computer Science 2 million square feet of lab and office space in freedom of where industry researchers will work side by imagination side with OSU faculty and students to create new products. where ideas are turned into “The ultimate goal is simply to advance innovations.” economic development in the region,” says OSU’s Vice President for Research, Caroline Find yourself at Whitacre. The research park will complement the al- www.franklin.edu most 300,000 square feet of tech-friendly Alan Arman | 3X 102309 TechCols 28.indd 19 10/15/09 1:29:12 PM

Customer Experience.Next When it comes to using cutting-edge technology to connect with customers, Nationwide® is doing some pretty cool things. Like our Nationwide Mobile app for iPhone and iPod touch. It helps customers start the claims process at the scene of the accident and allows them to share photos and other information that could help speed up the claims process — using their iPhone. It’s just another way we’re using technology to allow Available on the customers to interact with us in ways that make sense for them. Want to help create the next big innovation? nationwide.com/careers Nationwide, the Nationwide framemark and On Your Side are service marks of Nationwide Mutual Insurance Company. 102309 TechCols 28.indd 20 10/15/09 1:29:22 PM

10.23.09 Faces of Innovation - TechColumbus annual report Advertising Supplement to Columbus Business First 21 YOUMAYHAVE FACEBOOK, but don’t miss out on face time Stefphanie Harper, Stephen Anderson, Rick Coplin, Chris Anderson – TechColumbus Venture Development Team. T wo-time Nobel Prize winner “Entrepreneurs tend to be so cluding funding assistance. The company is a TechCo- lumbus incubator tenant and received help with initial Linus Pauling once remarked deeply involved in their businesses, fundraising, which is one of Arman’s most significant before a gathering of scientists: they don’t spend time searching boosts to date. “In some things, the old out other resources they need, 3X provides businesses with data management solu- ways are still the best.” The famed biochemist was referring to the so TechColumbus fosters an tions. The company has had its products on the market for about a year and is in the process of expanding sometimes tedious methods related to environment where entrepreneurs sales and marketing for a national rollout. gene research, but his phrase rings true feel very comfortable gathering for networking as well. with like-minded people” With Techcolumbus’ assistance, 3X raised three rounds of funding from Ohio TechAngel investors Hugh Cathey, Columbus-Partners and from the TechColumbus Pre-Seed Fund. Arman says TechColumbus’ Entrepreneur in Residence program brought valuable advice that made the funding While some might argue that old-fashioned, face-to- routinely hosts events and gatherings of key members possible. face networking may not be the best way to com- of support resources such as attorneys, accountants, municate in a world of electronic messaging, it is still financial planners and others – all with experience in “I have been an entrepreneur all my life. But TechCo- a powerful tool that can help build your business. the tech industry and a keen interest in helping in- lumbus brought a different type of experience. They novation succeed in the region. have connections with venture capitalists and know Leaders of companies of all sizes agree that Central what the venture capital investors are looking for,” Ohio offers a multitude of opportunities for personal “Entrepreneurs tend to be so deeply involved in their Arman said. interaction. businesses that they don’t spend time searching out other resources they need, so TechColumbus fosters “I’d say that Columbus is in the top 10 percent of an environment where entrepreneurs feel very com- cities nationwide as far as technical-business resources fortable gathering with like-minded people,” Cathey for entrepreneurs,” said Hugh Cathey, founder of Co- said. lumbus-Partners, a growth strategy consulting firm. Reaching out for capital INNOVATION IS... That’s high praise from a seasoned entrepreneur Having orchestrated five successful startup companies whose experience with startups has taken him across over the past twenty years, Alan Arman is familiar “...inspiration. the country, engineering the growth of industry gi- with the challenges facing entrepreneurs. Among his Innovation inspires ants like Qwest Communications International and XO companies are LanSoft, a global email outsourcing Communications, formerly known as Nextlink Mid- company, and Nexus Technology Group. “When you people to think out of west, the second-largest competitive local telephone have a startup company, it’s a lonely world out there,” the box and beyond service provider in the U.S. Arman said. what their perceived limits are.” Columbus-Partners often works with TechColumbus Raising venture capital is something he had never to connect its clients with the region’s resources, faced alone before. His new company 3X is taking from training to capital, Cathey said. The organization advantage of multiple TechColumbus resources, in- JENNIFER CHRYSLER | City of New Albany 102309 TechCols 28.indd 21 10/15/09 1:29:22 PM

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10.23.09 Faces of Innovation - TechColumbus annual report Advertising Supplement to Columbus Business First 23 CREATING NETWORKS OF SOLUTIONS Platform Lab team and attendees from recent TechColumbus events. M ichael Swartz, president of West- erville manufacturer Lakeshore “I can’t tell you how many times we have taken “…I can’t tell you how Cryotronics, has been participating advantage of situations where someone else in in TechColumbus networking pro- the group has already figured out how to do many times we have taken grams for years. something and because we’ve been in the meet- advantage of situations ing, we were able to adopt it. I see it as free For Swartz, TechColumbus events and services consulting in some ways,” Mazzocco said. where someone else in the provide great learning opportunities for all com- group has already figured panies because they facilitate sharing of best Mazzocco said he was able to put into action a out how to do something.” practices and provide other valuable learning swine flu disaster preparedness plan shared by opportunities. Nationwide Children’s Hospital’s IT department Angelo Mazzocco, Progressive Medical at a TechColumbus CIO Forum. Schwartz cites as an example the tremendous benefits made possible by sharing experiences regarding business spending. “Learning from the mistakes of others can save many man hours when you’re preparing to make similar purchases,” Swartz said. “In IT, people really PLATFORM LAB see the need for collaboration because things are happening so fast it’s hard to keep up.” P latform Lab – the IT test resource offered “We provide the best value to any company, any- Large companies benefit as much as smaller by TechColumbus – is active in bring- where that wants to perform an IT test or project. ones, says Angelo Mazzocco, CIO of Progressive ing the IT community together through Combined with a one-gigabit Internet connec- Medical, a Westerville-based medical cost con- a variety of networking and educational tion through TW Telecom and 14 load test tool tainment services company with 500 employees. events. vendors, Platform Lab has become the nation’s Not only are many of Progressive Medical’s exec- value leader for load and stress testing,”says utives participating in TechColumbus programs, Every week, organizations host and attend tech- Steve Gruetter, Platform Lab Director. but the company’s employees are urged to get nical seminars presented by Platform Lab. Tech- involved as well. Mazzocco says that at least half nology vendors make presentations using the The Platform Lab Cloud provides up to 1,000 vir- of his IT staff has taken part in TechColumbus lab’s hardware. OEMs use the facilities for prov- tual machines allocated anywhere in the world events and benefited. ing their solution to prospective clients. Nonprofit and is driving businesses from around the world professional development organizations such as to TechColumbus to conduct test projects. For ex- the VMware Users Group, the Project Manage- ample, a data security administrator from Cleve- ment Institute, the Ohio Network for Health Care land Clinic attended a security seminar Platform Information Assurance and the Information Sys- Lab hosted at TechColumbus and immediately INNOVATION IS... tems Security Association educate their members recognized the how to solve one of its pressing at events hosted Platform Lab at TechColumbus. issues. Since then, the clinic has used the lab six weeks a year for the past six years. “...the next great idea, The dozens of technology-driven meetings at be it technological or TechColumbus are providing unique technical “We want to bring people in here networking, entrepreneurial.” education for local companies large and small, sharing and learning,” Gruetter said. “And while and are also spreading the word around the they’re here, they are exposed to the resources country about TechColumbus and its IT test and offered by TechColumbus, which can give them training resource Platform Lab, and the broad another competitive edge to expand their busi- range of services the lab makes available to the ness.” tech community. DANA MCDANIEL | City of Dublin 102309 TechCols 28.indd 23 10/15/09 1:29:24 PM

24 Advertising Supplement to Columbus Business First Faces of Innovation - TechColumbus annual report 10.23.09 EVENTSANDPROGRAMMING key to sense of community Attendees at recent TechColumbus events. E very community needs a gaged and how vibrant the community has become. village green – a place to come There has been a snowball effect, particularly in the INNOVATION IS... together, talk, celebrate and past three to four years,” says Haynes. share. The tech community is November’s annual CIOhio event will bring 300 chief no different. information officers and senior IT and business lead- “...what will allow Columbus ers together for a one-day conference to explore the to achieve its potential as a theme: “Facing Challenge, Emerging Stronger Tomor- national and international The more than 140 events, forums and symposiums row.” Keynote speakers include Gary Hamel, author hub for entrepreneurship.” TechColumbus holds each year form a big part of that of “Leading the Revolution;” Steve Steinour, President virtual village green for the tech community, says Jim and CEO of Huntington Bancshares; and Gerry McNa- Hendrickson, Vice President of Corporate Development mara, CIO Practice Leader for Heidrick & Struggles, a for Sterling Commerce. Chicago-based global executive search and leadership consulting firm. “TechColumbus’ events and programs are educating LUKE BARBARA | OSU the industry in this community, and are helping to CIOhio has tripled in size during the past seven years, incubate and bring along emerging capacity,” says says Haynes, allowing it to attract speakers such as Hendrickson. “They help bring the business, academic Hamel, ranked by the Wall Street Journal in June as the and technical communities together. For Sterling, all most influential business strategist in the world. Other events include the TechColumbus IdeaPitch and three of those things are very important.” Industry Forum – part competition, where students In May, the first ever Innovation Summit proved so develop and pitch a business plan to judges from the That’s why Sterling’s sponsorship and participation in popular that planning for a second event is now in industry, and part panel discussion of industry pro- many of those events is a true investment for the com- the works. The full day conference for CEOs is focused fessionals and leaders on trends and roles, allowing pany, Hendrickson says. on innovation leadership strategies, and was born out students to discuss and explore a future in Ohio’s high of ideas generated from TechColumbus’ Executive Fo- tech community. “TechColumbus gives us the ability to foster our rums, says Haynes. investment in the community, gives us an outlet for “These are people who would not normally be mix- employees who want to teach what they’ve learned, “Sterling Commerce stepped in at the very beginning ing, like students, technical folks, entrepreneurs and and also helps provide an ongoing stream of techni- and said they wanted to endorse and underwrite that venture capitalists,” says Anker Bell, partner in the cal people available to meet our company’s growth event,” says Haynes. “It was through their support Columbus law office of Vorys Seymour Sater and Pease needs,” he says. that we could bring in two big-name keynote speakers LLP, and a member of TechColumbus’ program plan- - Terry Jones, the founder of Travelocity.com, and Rita ning committee. From small-format meetings, where open discussion McGrath of Columbia Business School.” and deep problem solving is the order of the day, Startup Weekend in July had a similar effect – gath- to large, national-scale conferences with acclaimed ering 150 people full of ideas, from accountants to experts, TechColumbus events are multiplying and Eight executive marketing gurus to technologists, to generate the gaining popularity every year. They also are sponsored forums and scores more seeds of 11 startup companies over the course of a by industry leaders like Microsoft, Timer Warner Cable, TechColumbus’ eight executive-level forums are also single weekend. HP and VMWare. expanding in number and popularity, and have proven to be a valuable way to exchange ideas on topics from “By doing some of the things we’re doing, we’re also business growth to human resources strategies. showing the broader business community some of the Three premier conferences people who are truly focused on technology,” says All three of TechColumbus’ premier events – the In- “For any officer to take out four to six hours of their Bell. novation Awards, CIOhio and the Innovation Summit time away from their families and businesses every – have seen tremendous growth, says Tim Haynes, month is incredible, but they’re very committed and “This started as a small idea from one of our employ- TechColumbus’ Vice President of Member Services and they find a lot of value in it. I think that comes from ees who had seen it in other markets. We agreed to Marketing. getting to know each other well and recognizing that sponsor it only if TechColumbus would get behind it, they now have a resource of 20 peers they can go to and it ended up being a big program that got national “The Innovation Awards started 12 years ago with 100 if they need to,” says Charlotte Collister, owner of coverage. We like that when TechColumbus puts its people during lunch. It’s grown to 1,000 attendees. The Collister Company and facilitator of four of the weight behind something, they bring the entire tech That’s a reflection of how many more people are en- forums. community,” says Hendrickson. 102309 TechCols 28.indd 24 10/15/09 1:29:24 PM

Global leader. Local citizen. From our Columbus headquarters, Chemical Abstracts Service (CAS) stands at the digital crossroads of world science. This year, we kept pace with the accelerating rate of global discovery and innovation when CAS REGISTRYSM grew from 40 to 50 million substances in just nine months. CAS, the summer home of the Columbus Symphony Orchestra and the inaugural launch site for Pelotonia, is pleased to support the efforts of TechColumbus and Central Ohio’s rapidly growing technology community. We are proud to be a global leader and even prouder to be part of the Columbus community. A division of the American Chemical Society 2540 Olentangy River Road, Columbus, OH 43202 www.cas.org 102309 TechCols 28.indd 25 10/15/09 1:29:25 PM

26 Advertising Supplement to Columbus Business First Faces of Innovation - TechColumbus annual report 10.23.09 SPONSOR MESSAGE Leveraging innovation to Battelle’s innovation extends achieve high-performance beyond the laboratory develop solutions to help clients around the pursue technological careers. But more world: importantly, we recognize the value of solid literacy in science and mathematics • Enter new markets. as a foundation for success in any pursuit • Increase revenues in existing markets. By: Rich Rosen in life. By: Jim Struntz • Improve operational performance. Battelle Vice President Columbus • Deliver their products and services more of Education and There has never been a more important Managing Partner Philanthropy effectively and efficiently. time in our history to enable every student – especially those historically underserved For Accenture, high performance is more than by an outmoded education system – to an aspiration for our work with clients. It is the learn from inspiring teachers who have A B ccenture is a global management con- commitment of Accenture people to each other, attelle is innovation. Throughout our the preparation to make sure that science, sulting, technology services and out- to our neighbors, to our shareholders and to 80-year history, we have played an technology, engineering and mathematics sourcing company with approximately all those with whom we interact. During 2008, important role in the technology- (STEM) are relevant to student life. 177,000 people serving clients in over 120 Accenture invested more than $22.1 million in based economy that defined 20th century countries. Committed to delivering innovation, communities across the country, and Accen- America. Whether it’s the new technolo- The criticality of our mission is matched by Accenture collaborates with its clients to help ture people gave more than 150,000 hours of gies and products we create or the services the priority we have placed on it with our them become high-performance businesses and volunteer service through company-sponsored we make better, our focus is to accelerate resources and time. We have increased our governments. With deep industry and business programs. the process of innovation. It’s no different emphasis on connecting education to eco- process expertise, broad global resources and when it comes to our education and com- nomic growth and apply 80 percent of our a proven track record, Accenture can mobilize At the local level, each of our Ohio offices has munity impact. charitable distributions to this area. But it’s the right people, skills and technologies to a cohesive task force that provides a platform about more than just the monetary dona- help clients improve their performance. We for local employees to get involved in a diverse Corporate citizenship is an integral part of tions. Battelle also is committed to bringing have extensive relationships with the world’s offering of volunteer and community service our operation. We believe that applying the nontraditional education stakeholders to leading companies and governments and work activities. innovation of our global operating busi- help teachers and students by redefining with organizations of all sizes—including 96 of nesses – and the creativity of our people the concept of the classroom. TechColum- the Fortune Global 100 and more than three Accenture employs nearly 900 dedicated pro- – to public and private partnerships is one bus has been instrumental as a partner and quarters of the Fortune Global 500. Our com- fessionals throughout the State of Ohio, in- of the best uses of Battelle to advance com- mentor in this journey. mitment to client satisfaction strengthens and cluding over 300 locally in Central Ohio. We munities and our quality of life. extends our relationships. proudly support TechColumbus, and salute its By connecting the innovation workforce member organizations, as they foster the spirit As an employer of thousands of scientists in Central Ohio to the next generation, Using our industry knowledge, service-offering of innovation that continues to place Central and engineers, we have an intense inter- we are all building a better future for our expertise and technology capabilities, we iden- Ohio at the forefront of technology-driven est in stimulating our next generation to community and our world. tify new business and technology trends and advancement. The ‘Gold Standard’ Research Universities: economic development engines for Ohio and beyond reaches a milestone more than 40-year-old mission to uniquely resultant technology transfer of university identify chemical substances and important research and capabilities to industry grow information about those substances. the industry base in Ohio and beyond. Reaching the 50 million mark is an indicator Tour the areas surrounding our university By: of the accelerating pace of scientific discov- Jean Schelhorn campuses and you will find the ingredi- By: Robert J. Massie President, CAS ery in areas ranging from pharmaceuticals Associate Vice President, ents of economic development. Young to industrial manufacturing. In fact, the Technology Licensing and companies are making their homes in our last 10 million substances were registered by Commercialization research parks and other locations close Office of Research CAS within the past nine months at a rate of to the university. You may not see any 25 unique substances per minute. small company signs; instead, you may see C AS produces and distributes the incubator signs. Inside, you will find small T world’s highest quality and most This astounding rate of growth in REG- he Ohio State University and all Ohio companies striving to be the next Google comprehensive databases of chemi- ISTRY is a tribute to the roughly 500 public and private universities play or Medtronic. Continue on your tour and cal information. Our customers are scientific scientists—most based in Columbus—who important roles in the economic devel- you will see evidence of allied service busi- and intellectual property researchers in the use advanced technology to analyze journal opment of our region and beyond through nesses providing small companies with the most important patent offices, pharmaceu- and patent documents in more than 50 our educational, research, and service proj- services critical to success. You will see tical, life science, and chemical companies, languages. At the same time, CAS IT staff ects and access to our unique equipment organizations that provide grants, start-up as well as universities on every continent. orchestrates the flow of information into and capabilities. Our faculty educate and capital, and support to small companies at CAS has called Columbus home for 100 our databases and designs the software train our future and often our current a crucial point in their existence. Surround- years and is fortunate to have experienced products that customers use to access the workforce. Our researchers conceive new ing our universities you will also see big record performance, top and bottom line, information stored in Columbus. ideas and seek and receive grant funding to companies. These companies want to stay throughout the past two years of economic advance the state of knowledge in a host of close to both the university research and upheaval. That performance reflects our The CAS REGISTRY is considered the “gold socially- and commercially-relevant fields. the smaller companies that may become dedication to product quality, our global standard” of substance collections, even In doing this innovative work, our research- their pipeline of new products and services customer base, and the inexorable growth by our competitors. All of us at CAS, and ers bring hundreds of millions of dollars to for the future. of scientific information and its essential role our partners around the world, are proud the state, develop commercially-viable tech- in fueling research. to have earned that recognition. As we nologies, and facilitate the creation of new Universities are economic development en- mark the 50 millionth substance milestone, jobs. Our centers of excellence and our re- gines. The Ohio State University has proud- On September 7, 2009, we recorded the 50 we also look ahead to expanding vistas of searchers’ expertise attract small and large ly served in this role since 1870 – providing millionth chemical substance in CAS REG- discovery and rededicating ourselves to our companies to work in close proximity to inspiration, expertise, and innovation. ISTRYSM, a database that represents CAS’ mission, whatever the economic outlook. our campus. These collaborations and the 102309 TechCols 28.indd 26 10/15/09 1:29:28 PM

10.23.09 Faces of Innovation - TechColumbus annual report Advertising Supplement to Columbus Business First 27 SPONSOR MESSAGE Central Ohio benefits from innovation growth Schottenstein Zox & Dunn commends Tech- Columbus for accelerating the growth of the innovation economy. Our firm’s Intellectual Property Practice Group is convinced that Gray Matter Matters,® so much so that we have adopted that tagline for our practice By: Susan Rector group. We are enthusiastic partners of Tech- Partner, Intellectual Property Columbus, TechAngels and other Central and Technology Practice Ohio initiatives assisting technology-based Group businesses innovate and succeed. SZD designed its Legal Fundamentals Pro- C ongratulations TechColumbus on your gram with startup and entrepreneurial, tech- most successful year yet in fostering nology businesses in mind to anticipate their innovation in Central Ohio. The re- changing needs as they grow. This allows us cently released Ohio Third Frontier impact to provide cost effective and yet comprehen- study quantifies the economic activity, job sive professional services to rapidly growing creation and employee wage and benefits technology-based businesses. attributable to Ohio Third Frontier expen- We help smart, creative businesses protect ditures. TechColumbus has served Central their intellectual property and intangible Ohio well in leveraging these funds. assets. We grow with our clients and assist In a year in which investments shrank in oth- them with angel or venture capital financing, er parts of the country, venture capital grew mergers and acquisitions and legal counsel by 9 percent in Central Ohio. Central Ohio to guide decisions at every stage. continued its track record of funding invest- We are proud to join Accenture, Battelle, able ideas in 57 companies up from 37 in the Chemical Abstracts Service and The Ohio previous year. Investments in pre-seed and State University in sponsoring TechColum- seed stage companies more than doubled in bus’ annual report of progress in Central Central Ohio filling companies’ capital needs Ohio. We look forward to continued facilita- at their earliest stages of development. Ohio tion, collaboration and innovation with these TechAngels has led the investment in early and other partners to advance the region’s stage companies in Central Ohio. It is rais- technology economy. ing its third fund to continue and expand its investments. In In these uncertain times... ... one thing is absolutely certain: if you have no ad in Columbus Business First, you will have no chance at new business from your best new business prospects; our readers. Be Certain. Go to SuccessEvenNow.com/columbus for proven ideas and essential information. Contact Ad Director Donna Kanoski at dkanoski@bizjournals.com or 614.220.5416. Credits: Design and photo illustrations by: Rick W. Titus; Photographs by: Larry Hamill and Paul Anthony Stories by: Martha Leonard, Cindy Bent Findlay, Scott Rawdon; Editor: Martha Leonard 102309 TechCols 28.indd 27 10/15/09 1:29:28 PM

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2009 Tech Columbus Annual Report

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