The Entrepreneur Boot Camp is designed to help startups reach commercialization faster by providing resources and developing an executive summary and funding plan. Graduates of the Boot Camp have received over $19 million in grants and $20 million in private equity for 181 companies employing 662 workers. An example of success is Compendia Biosciences, which attended the 2005 Boot Camp, received funding and consulting, and is now a 14-person company that won awards. The Boot Camp works with multiple partners and universities to identify coachable startup teams within 15 months of commercialization.

1. Entrepreneur Boot Camp OverviewAugust 2009

2. Start-up ServicesSPARK’s Business Accelerator is designed to shorten the time required to reach commercialization, attract capital, and secure customersAdditional Resources:Michigan Pre-Seed Capital Fund ($15 million) was established to provide access to capital for high-tech start-up companies and to position them for external investment

3. Micro Loan programs ($1,500,000) for innovative companies

4. Regional Incubator Network offers an opportunity to capitalize on the Ann Arbor region’s life science, IT/software, alternative energy, advanced automotive and materials sectors

5. Talent Services

6. Entrepreneur Education Boot Camp GoalsGraduates of the Entrepreneur Boot Camp will develop a concise executive summary which can be easily articulated in a brief “elevator pitch”

7. Campers will have a “go / no go” plan and be in a better position to garner funding through equity and/or grant requests

8. Gaps in staffing, funding, business development and product will be identified

9. Additional SmartZone and partner resources will be identified and a plan will be put in place for implementationBoot Camp ROIBoot Camp graduates have: Won GLEQ Business Plan competitions

10. Half of ACE Elevator Pitch competitors were Boot Camp graduates and won

11. Received funding from the MI Pre-Seed Capital Fund

12. Found advisory board members

13. Identified angel investors

14. Made life long business connections Boot Camp ROIBoot Camp graduates:181 companies

15. 662 FTE

16. >$19mm in grants

17. >$20mm in private equity

18. 53 received BA services Entrepreneurial Success Story Compendia BiosciencesFormed in 2005

19. Technologies developed by the University of Michigan

20. Bioinformatics-molecular oncology tools, data, and analysis software

21. Founder, Dan Rhodes, and co-founder Arul Chinnaiyan, MD

22. Attended Entrepreneur Boot Camp 2005

23. SPARK provided $49,000 consulting services; business development, marketing

24. Helped recruit CEO and technology manager

25. First year sales (2006 revenue ~$X million)

26. Received 21CJF award for $1,238,212, raised $600,000 in new equity including $250,000 from the MI Pre-Seed Capital Fund, won $2.4 million SBIR grant

27. Current employment - 14

28. Office located at 210 S. Fifth Avenue, downtown Ann Arbor (SmartZone)

29. Won 2007 “Innovation Company of Year” award from Business ReviewBoot Camp Pipeline/PartnersAnn Arbor-Ypsilanti, LDFA

30. GLEQ

31. Michigan SmartZones

32. New Enterprise Forum

33. SBTDC

34. U-M College of Engineering

35. U-M Medical Innovation Center

36. U-M Office of Technology Transfer

37. U-M Ross School of Business

38. U-M, WCC, EMU, WSU, MSU

39. U-M Zell Lurie Institute What businesses are we looking for? Boot Camp Candidates: Coachable entrepreneurs

40. 2-person team

41. Within 15 months of commercialization -- with one of the following achieved:

42. Sales revenue

43. Private equity investment

44. Partner with a going concern

45. SBIR grant

46. Capable of $10 million sales revenue in 5 years

47. Innovation-basedBoot Camp 2009

48. How can you help?Tonight:Give us feedback and suggestions for improving Boot Camp Ongoing:Identify and refer companies to Boot CampRefer participants to Entrepreneur Education 1.0http://www.annarborusa.org/start-ups/boot-camp/(with a direct link from annarborusa.org)

49. Questions: Amy@AnnArborUSA.orgwww.AnnArborUSA.org