Venture Capital

Investing in Your Future
Why Invest in Oakland County                                               Michigan Universities:
Companies?              ...
Access to Capital
Oakland County's Economic Development Team will help find                  Traditional and Non-Tradition...
Michigan has The Resources to Support Emerging Technology
     Automation Alley - Southeast Michigan's Regional ...
Invest In Southeast Michigan -                                            Equity Financed
            Join the Crowd!     ...
Oakland County Can                                                    Oakland County is
Help Your Portfolio Company       ...
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Venture Capital


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Venture Capital

  1. 1. Venture Capital Investing in Your Future
  2. 2. Why Invest in Oakland County Michigan Universities: Companies? Research Centers Oakland County's Emerging Sectors program is an aggressive (Federal R&D funds received) strategy to attract and grow companies is in these industries: Advanced Electronics & Controls Advanced Materials & Chemicals Central Michigan University - $473,775 N Alternative Energy & Power Generation N Eastern Michigan University - $631,183 Biotechnology N Ferris State University - $499,998 Communications & Information Technology N Homeland Security N Grand Valley State University - $295,435 Medical Devices & Instrumentation N Kettering University - $61,043 Micro / Nanotechnology N Robotics & Automation N Lawrence Technological University Financial Services N Michigan State University - $108,303,249 N Michigan Technological University Northern Michigan University - $1,134,604 The Oakland County Advantage Oakland University - $4,361,432 University of Detroit Mercy More than one-third of the state's R&D facilities are located in Oakland County. Michigan ranks second in the nation in University of Michigan - $642,039,420 N R&D spending Innovation: Michigan companies file over 3,000 patents a Wayne State University - $158,702,457 year - placing it in the top 10 states for total number of N patents granted Western Michigan University - $8,927,784 Entrepreneurship is dynamic throughout Oakland County's Green - These universities are either located in or have campuses 61 cities, townships and villages, with almost 3,000 new N in Oakland County businesses formed every year Oakland County works with the leading research universities in Michigan to help commercialize new N technology We're engaging traditional companies into diversifying their products and processes into new sectors, teaching current N companies how to do R&D Oakland County is working with the educational system to Workforce: Educated, ensure the future workforce is technically skilled and Innovative & Motivated N globally trained Oakland Schools K-12 program: Students throughout Over 40% of Oakland County residents have college Oakland County can take summer classes in the above- degrees (national average is about 26%) N N mentioned emerging sectors Oakland County has the third-highest number of high-tech workers in the nation and twice the corporate R&D N professionals compared to the national average Population of Michigan workforce: 5.1 million 15 public universities, 50+ independent universities and N colleges, 29 community colleges N Over 96,000 college degrees are granted every year in Michigan - that's almost twice as many as the national N Photo Credits: All photos are of Oakland County companies and products average Cover: Upper panel Courtesy Hi-tex Inc. CREST and Beaumont Research Institute 2 ½ times the number of master's degrees were issued in Michigan than the national average N Cover: Lower panel Courtesy CREST, Oakland University, Somanetics, CRS, Oxford BioMedical Research, Energy Conversion Devices Inc. DSM Engineering Plastics, Siemens and Fanuc Robotics America Inc. Close to 1,500 Ph.D.s are granted in Michigan every year - almost twice the national average N Page Image Elements: Courtesy Oakland University, CREST and Oxford BioMedical Research
  3. 3. Access to Capital Oakland County's Economic Development Team will help find Traditional and Non-Traditional Financing - Oakland the best investment for your company. County's Business Finance Corporation and Economic Development Corporation help companies with the SBA 504 Michigan Venture Capital Association - Established by Loan and with Tax-Exempt Revenue Bond programs. Through venture capital and private equity investors in the state, the the Automation Alley Technology Center, emerging companies Michigan Venture Capital Association (MVCA) is the state's can be assisted with securing non-traditional and unique premier public policy advocate for the private equity/venture sources of financing and capital. capital industry. MVCA works to promote entrepreneurship and private equity investment. Venture Capital - In four years alone, more than $694 million in venture capital has been invested in over 100 MEDC - 21st Century Jobs fund businesses in Michigan. For new emerging technology $2 Billion Michigan Fund - The 21st Century Jobs fund, initiatives, the state has created the $150 million Venture which was created in 2006, gives emerging technology Michigan Fund to catalyze investment in early-stage firms companies access to the $2 billion Michigan has pledged to operating here. With the matching requirement, this initiative invest in the commercialization of emerging technologies in the will attract an additional $450 million in capital to Michigan for state in the next 10 years. investment in promising new companies. Angel Networks - Michigan has three active Angel Networks: The Great Lakes Angels, The Grand Angels and The Ann Arbor Angels. Oakland County, Michigan: An Emerging Sectors Hot Spot Number of Michigan Number of University Emerging Sector companies in this Sector Research Centers Focused on this Sector Advanced Electronics & Controls 188 30 Advanced Materials & Chemicals 82 22 Alternative Energy & Power Generation 123 17 Biotechnology 117 38 Communications & Information Technology 241 28 Homeland Security 85 22 Medical Devices & Instrumentation 69 13 Micro / Nanotechnology 74 25 Robotics & Automation 181 16 Top - Growth Businesses 158 N/A (Financial Services, Interactive Media, & Game Development Companies)
  4. 4. Michigan has The Resources to Support Emerging Technology Companies Automation Alley - Southeast Michigan's Regional Michigan Medical Device Association Technology Cluster N N Michigan Molecular Institute (MMI) Beaumont Research Institute (BRI) N Michigan Research Institute N Center for Biological Information N Michigan Small Tech Association N Center for Fuel Cell Systems & Powertrain Integration N Michigan Wind Working Group N Center for Genomic Technologies N Michigan's Hydrogen Highway Project N Center for Structural Biology N Michigan's Technology Tri-Corridor N Cooks-DeVos Center for Health Sciences N MMTC - Michigan Manufacturing Technology Center N Core Technology Alliance N MRI Institute for Biomedical Research N DTE Energy Hydrogen Research Parks N Nanoscience Center N EPA's National Vehicle & Fuel Emissions Laboratory N Nanotech Institute N GLIMA - Association of Technology-Oriented Professionals N National Automotive Center (NAC) N Great Lakes Renewable Energy Association N National Center for Manufacturing Sciences (NCMS) N IEEE - Michigan Chapter N National Institute of Industrial Technology (NAIT) N Internet2 N NextEnergy Center N Karmanos Cancer Institute N Proteome Consortium N MARC - Michigan Alternative & Renewable Energy Center N Robotics Industry Association (RIA) World Headquarters N Merit Network N Small Times Headquarters N MichBio - the state's key resource for biotech and N pharmaceutical companies Society of Manufacturing Engineers World Headquarters N N Michigan Animal Models Consortium N Telecommunications Association of Michigan U.S. Army Tank-Automotive Research, Development and N Michigan BioMass Energy Program (MBEP) Engineering Center (TARDEC) N N Michigan Clean Tech Cluster U.S. Tank-Automotive and Armaments Command (TACOM) N Michigan Infragard Members Alliance N N N Michigan Manufacturers Association Courtesy CREST Courtesy RHK Technology
  5. 5. Invest In Southeast Michigan - Equity Financed Join the Crowd! Companies (partial list): The following venture capital firms are investing in Michigan companies: 3IS 3i InterWest Partners ActiveHealth Management 401 Capital Partners Liberty Associated Partners and Alliance International Group Lead Dog Ventures Aboretum Ventures Alloyd Long Point Capital Fund Alta Partners Asterand M Group American Capital Strategies AVACore Technologies MPM Capital Apjohn Ventures Beholztech Nadal Investments Arbor Partners Cerenis Therapeutics Nationwide Mutual Capital Arboretum Ventures Cigital Inc. NGEN Partners LLC. Ardesta Clarity Technologies NIF Ventures ARCH Development Partners CrimeCog Technologies North Coast Technology Investors Automation Alley Technology Dellego Technologies Center Northern Rivers Innovation Fund Digital Focus Inc. AvTech Ventures Nth Power Discera Aviv Venture Capital Odin Capital Group. EcoDuro Inc. Beringea Oracle Capital Partners EcoSynthetix Biosciences Research Partech International eFinNet Commercialization Center at Prism Opportunity Fund Western Michigan University Friction Control Solutions QUALCOMM Bio-Star Fund Genetics Squared Ralph Wilson Equity Fund Cargill Ventures GeneWorks Inc. River Cities Capital CDP Capital Technology Ventures HandyLab SBV Venture Partners Chrysalis Ventures HealthMedia Sempra Energy Cooke & Moses Indigo Security Seneca Partners CrystalPoint Partners ISD Sloan Ventures DaVinci Capital Jingle Networks Inc. Smart Technology Ventures Delta Northern Rivers Fund Kinderstreet Sofinnova Partners Detroit Technology Ventures Loudey Corp. StarVest Partners Dow Chemical Corp. MedLogic Global Corp. Stockwell Capital Draper Fisher Jurvetson Number Six Software Inc. Technology Partners Duchossois TECnology Partners OmniFlight Inc. Tera Capital DuPont Ventures OneSoft Corp. TGap Ventures EDF Ventures Penda Corp. Thomas Weisel Healthcare Edison Development Corp. Performance Fabrics Ventures Endurance Ventures Power Trends TL Ventures Enterprise Development Fund Powerway Inc. TopSpin Partners First Round Capital ProNai Therapeutics Tullis Dickerson Firelake Capital Management Qualitor Twilight Ventures Fort Washington Capital Partners QuatRx Pharmaceuticals VantagePoint Venture Partners Frazier Healthcare Ventures Red Celsius Inc. VentureLink Diversified Balanced H.B. Fuller Ventures Fund RFIdentix Inc. HealthCap Waypoint Ventures Rubicon Genomics Hennessey Capital White Pines Management Sensicore Hillside Capital Wingspan STM Power H.J.G. Partnership Wolverine Venture Fund Twitchell IDG Ventures Boston Verity Biosystems VetGen Waterbury Xenaga Contact us with any additions or changes to this list
  6. 6. Oakland County Can Oakland County is Help Your Portfolio Company Strategically Located Our Economic Development Team offers free and confidential assistance in: 300 400 500 600 Site location 200 Toronto Financing Oakland N Tax incentives County N Liaison with state and local agencies Michigan 100 N Access to Start-up companies N New York Business Assistance Center (business consulting) N Chicago Cleveland distance is in miles Information products - to ensure you make the right N decision for your company's location Centrally located between Chicago, Toronto and Cleveland, N Oakland County is strategically positioned to capture the N entire Midwest market Oakland UK 6% The Michigan-Ontario border is the busiest U.S.-Canada County is an crossing in the country, making this area an ideal location N to reach the United States and the Canadian markets. International Ontario, less than an hour's drive from Oakland County, Hub generates some 40% of Canada's total gross domestic product France Japan Foreign firms make the 15% 27% strategic decision to locate in Oakland County Canada 10% because of the highly skilled workforce, strong Germany Other educational systems and 21% 17% Joint the international support Venture services available to them. 5% 653 foreign-owned firms from 24 countries are in Oakland County N 259 of these firms came to Oakland County in the last 12 years-that’s an average of two foreign companies a month N opening up a location in Oakland County Contact us today for more information: Oakland County Department of Economic Development & Community Affairs Planning & Economic Development Services 2100 Pontiac Lake Road, Building 41 West Waterford, MI 48328 Phone: (248) 858-8706 | Fax: (248) 975-9555 L. Brooks Patterson, Website: Oakland County Executive Oakland County's Venture Capital With the support of Contact: David Schreiber The Oakland County Board Email: of Commissioners © 2007 Oakland County, Michigan