Cincy Tech Eco May2008 Gcva

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Cincy Tech Eco May2008 Gcva

  1. 1. & the Greater Cincinnati Entrepreneurial Ecosystem
  2. 2. Jan ‘06 Planning Group
  3. 3. Entrepreneurial Signature Program Grant $22.5 Million •
  4. 4. Program Components • Executives in residence • Intensive due diligence process • $10.4M seed fund • $1.5M Imagining grants
  5. 5. Investment Criteria • High Growth Companies • IT, Bio or Advanced Mfg/Materials • Southwest Ohio • Management talent and passion • Capacity to get to an “A” round
  6. 6. Executive Committee
  7. 7. The Team
  8. 8. Supporters, Partners and Resources CITY OF MASON
  9. 9. Short & Long Term • Long Term - Companies, Revenue, Employment • Short Term - Process, Team, Investments, Network of Capital
  10. 10. Rigorous Process • Start with the end in mind • Deep dive due diligence • Plan to get to “A” round
  11. 11. Built the Team • 4 Executives in Residence • 1 Investment Development Dir. • 3 Investment Associates • 1 Entrepreneur-in-Residence
  12. 12. Investments • 5 Equity Investments of $1.0M • Additional Investments of $5.0M • 1st “A” Round of $15M • Assisted in raising $8.0M for other companies
  13. 13. Investor Connections Current Future Rounds Private Investors and
  14. 14. Investor Connections Current Future Rounds Private Investors and Representing more than $8 BILLION in investment capital
  15. 15. Entrepreneurial Ecosystem State Universities Support Gov’t Grassroots Angel Network Initiatives Funds VC Incubators Events Funds Adapted from Jack Wyant’s GCVA Keynote on the State of Venture Capital- Sept 21 2002
  16. 16. State Gov’t Third Frontier Program Innovation & Commericialization Edison Program Program SBDCs Kentucky Enterprise Fund 166 Loan Grants/Loans/Equity Ohio Innovation Fund High Tech Investment Pool Technology Investment SBIR Matching Funds Tax Credit Program
  17. 17. Support Entrepreneur Bootcamp Angel Investor Bootcamp Monday Mentoring VaanGuard Mentoring Network Breakfast Bytes Seminars Regional Entrepreneur Forum NKU Master Entrepreneur Program NKU HS Challenge NKU Chelgren Entrepreneur Speaker Series UC Spirit of Enterprise Competition SCORE
  18. 18. Incubators
  19. 19. Universities
  20. 20. Grassroots Initiatives
  21. 21. Angel/Seed Funds and PRIVATE INVESTORS
  22. 22. VC Funds Cincinnati Midwest
  23. 23. Network
  24. 24. Events MHIN Midwest Health Investors Network
  25. 25. Entrepreneurial Ecosystem State ALIVE AND Universities Support Gov’t Grassroots Angel Network WELL! Initiatives Funds VC Incubators Events Funds

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