MassVentures relaunch and commitment to fueling the innovation economy in Massachusetts

1.
JUNE
14,
2012
Secretary
Greg
Bialecki,
Chairman
of
the
Board
for
MTDC
and
Jerry
Bird,
President
of
MTDC
are
pleased
to
announce….

2. Fueling
the
Growth
of
InnovaEve,
Technology-­‐driven
Companies
in
MassachuseGs
#massventures

3. Overwhelming
consensus
that
a
capital
gap
exists…
Yes
No
No
Responses
86%
10%
3%
Is
there
a
shortage
of
equity
capital
in
MassachuseGs
for
start-­‐up
technology
companies?
The
Opportunity

4. 32%
36%
25%
6%
1%
$0-­‐$500K
$500k-­‐$1
million
$1
million
-­‐
$3
million
$3
million
to
$5
million
$5
million
to
$10
million
…and
93%
believe
the
gap
is
between
$0-­‐$3M

5. Other
gaps
that
exist
for
early-­‐stage
companies
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0%
10%
20%
30%
40%
50%
60%
70%
Funding
for
1st
Eme
entrepreneurs
Funding
for
underserved
industries
Funding
for
underserved
MA
regions
%
that
believe
a
gap
exists
in
particular
areas

6. MassVentures’
Recommitment
We
are
recommiGed
to
nurturing,
funding,
and
growing
innovaEve
companies
across
all
technologies
in
the
Commonwealth.
– Re-­‐energized
board
–
¾
of
the
board
is
new
within
the
year
– New
leadership
– SEmulaEng
private
investment
– Focus
on
responding
to
the
gap
which
is
holding
back
the
technology
entrepreneur

7. Leveraging
our
Past
Success
• Invested
$82M
in
131
companies
• Leveraged
10x
of
private
capital
resulEng
in
$800M+
of
investment
in
MA
companies
• Produced
$115M
in
realized
and
unrealized
proceeds
at
14.8%
gross
IRR,
16
IPOs
• Created
over
7,000
jobs
@
a
cost
of
$2K
per
job
Our
future
success…

8. • $5
million
tradiEonal
investment
capital
from
MassDevelopment’s
Emerging
Technology
Fund
• $3
million
from
recent
porjolio
exits
• $6
million
START
program
Capital

9. • Taking
the
lead
in
investments
• 4-­‐7
new
investment
per
year
• Work
closely
with
the
angels
and
angel
groups
for
iniEal
financing
• Broaden
networks
with
VCs
for
later
stage
growth
Commitment

10. • The
MassVentures’
Seed
program
-­‐
early
stage
equity
or
converEble
debt
funding
of
up
to
$50K
• The
MassVentures’
First
Round
program
-­‐
iniEal
investments
of
$250K
-­‐
$500K
in
Series
A
equity
capital
and
follow-­‐on
funding
• START:
grants
for
SBIR
phase
II
recipients
Programs

11. Thank
you!
Follow
us
@massventures

12. Fueling
the
Growth
of
InnovaEve,
Technology-­‐driven
Companies
in
MassachuseGs
#massventures