Entretech Nitro Overview


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Entretech Nitro Overview

  1. 1. Igniting LA’s Breakthrough Businesses www.nitro.la Page 1 11/25/2008 3:15 PM
  2. 2. Here’s the problem in Greater LA • Early entrepreneurs struggle to find help • Shortage of management talent • Brain drain from LA to Northern California • Region is under-served with fewer venture capital funds • LA’s size & traffic discourages collaboration Page 2 11/25/2008 3:15 PM
  3. 3. Nitro’s Mission Get more companies funded in Greater Los Angeles Page 3 11/25/2008 3:15 PM
  4. 4. Nitro’s Goals • Build a supportive eco-system for the region’s emerging companies and technologies – Increase the number of startups including companies spun- out from Caltech, UCLA and USC – Improve the development eco-system for successful entrepreneurs – Get more startups funded and ultimately successful • Retain successful companies in Greater Los Angeles Page 4 11/25/2008 3:15 PM
  5. 5. What is Nitro? • Nitro is part of Entretech, a nonprofit organization • Manages an elite Mentoring/EIR network across greater Los Angeles • Model is based on San Diego Connect’s successful Springboard program and MIT’s Venture Mentoring Service • Supported by a network of strategic sponsors including Caltech, UCLA and USC Page 5 11/25/2008 3:15 PM
  6. 6. Mentor/EIR Program • Roster includes successful entrepreneurs, executives and experts • Serve as either Mentors or Entrepreneurs-in- Residence (EIRs) • Entrepreneurs apply for a 3-5 month mentoring process and are matched with an appropriate and interested Mentor or EIR Page 6 11/25/2008 3:15 PM
  7. 7. Present Board Affiliations Page 7 11/25/2008 3:15 PM
  8. 8. Entretech Board of Directors • Chairs – Chairman, Michael Giardello, founder and CEO, Materia, Caltech technology spin- out – Vice Chairman, John Morris, managing director, GKM Ventures; chairman emeritus, Tech Coast Angels • Directors – Kathryn A. Atchison, Vice Provost, UCLA Intellectual Property and Industry Relations – Zareh Baghdasarian, President and CEO, Tahoe Associates – Randy Churchill, Director, Business Development, PricewaterhouseCoopers – Bassil Dahiyat, Founder and CEO, Xencor, Caltech Life Science Spin-out – Fred Farina, Asst. Vice President, Office Of Technology Transfer, Caltech – Krisztina Holly, Vice Provost For Innovation, University Of Southern California; Executive Director, USC Stevens Institute For Innovation – Richard Jones, Partner, Emerging Company Practice, Nixon & Peabody – Albert Schneider, Co-founder and Vice Chairman, Pasadena Angels; President, Tech Coast Angels, Los Angeles Network – Louise J. Wannier, Founder and CEO, myShape Page 8 11/25/2008 3:15 PM
  9. 9. Value to Sponsors • First look at proprietary, unique deal flow • Brand awareness in elite community • Access to network of companies, entrepreneurs and Mentors/EIRs • Member of Nitro’s advisory board • Produce business education programs supporting mission • Catalyze regional growth, ensure future opportunities • Participate with a two year funding commitment: $10,000 + $15,000 Page 9 11/25/2008 3:15 PM
  10. 10. Access to Unique Resources • Combines commercialization efforts of Caltech, UCLA and USC • $1.7 billion in annual research grants • Access to world-class technical talent pool and technology commercialization • Facilities of Strategic Sponsors provide virtual footprint Page 10 11/25/2008 3:15 PM
  11. 11. To participate, contact: Aaron Ross Program Director, Entretech Nitro aaron@pebblestorm.com Cell 310-751-0656 John Morris, Entretech Vice Chairman Managing Director, GKM Ventures jmorris@gkmventures.com Cell 310-720-5643 Page 11 11/25/2008 3:15 PM