This document summarizes a panel discussion on funding sources and incentives for investment in Connecticut. The panelists represented various state programs, a private investment firm, and a law/accounting firm. They discussed state tax credits, grants, loans, and equity investments available from Connecticut Innovations and the Department of Economic and Community Development. The private investment firm described their debt and equity investments in Connecticut companies. The law/accounting firm overviewed various state tax credits for businesses. The event concluded with announcements of upcoming networking events from the hosting organization.
This is the deck from PeerRealty's October 8, 2015 webinar on the Ameritus Real Estate Fund, our latest real estate crowdfunding offering. Visit http://resources.peerrealty.com/ameritus-real-estate-fund-webinar-video to view the replay of this webinar.
Civitas is a global alternative investment manager with a decade-long track record of leadership in EB-5. Because of the firm’s expertise in U.S. real estate and lodging, Civitas has helped investors from over 40 countries participate in the EB-5 Immigrant Investor Program on their path to living the American Dream.
To find investments that work for EB-5 investors, Civitas focuses on niche,
differentiated investment strategies, operating a billion-dollar alternative
investment platform that serves both institutional and qualified individual
investors worldwide.
Civitas’ competitive advantage comes from its deep expertise in U.S. markets
paired with its international cultural competency.
This is the deck from PeerRealty's October 8, 2015 webinar on the Ameritus Real Estate Fund, our latest real estate crowdfunding offering. Visit http://resources.peerrealty.com/ameritus-real-estate-fund-webinar-video to view the replay of this webinar.
Civitas is a global alternative investment manager with a decade-long track record of leadership in EB-5. Because of the firm’s expertise in U.S. real estate and lodging, Civitas has helped investors from over 40 countries participate in the EB-5 Immigrant Investor Program on their path to living the American Dream.
To find investments that work for EB-5 investors, Civitas focuses on niche,
differentiated investment strategies, operating a billion-dollar alternative
investment platform that serves both institutional and qualified individual
investors worldwide.
Civitas’ competitive advantage comes from its deep expertise in U.S. markets
paired with its international cultural competency.
How to Prepare Your Startup for Venture Capital Investmentideatoipo
Getting venture capital funding is the ultimate yet often elusive goal of many Silicon Valley startups. Venture capital funding dramatically improves a startup's chances of having a big IPO or buy out exit. Most startups at their inception have the hope, if not the expectation, that they will eventually receive venture capital funding.
In the current environment, venture capital funding has become more competitive, but it is still available. This presentation will cover what a startup should do to prepare for venture funding, what essential steps to take, what venture capitalists expect and how to avoid venture capital deal breakers.
Social Finance and Impact Investing in CanadaKarim Harji
Presentation at OISE - November 21, 2012
• An overview of the state of social finance and impact investing across Canada
• An analysis of why Canada is well positioned to become a leader globally
• A participatory discussion on the key issues such as:
-- The perceived trade-offs between social impact vs. financial return;
--- How philanthropy can complement social finance;
--- Measurement of social value creation;
--- Legislation and public policy; and
--- Bridging silos between sectors and organizations.
Presented by David Floyd, Managing Director, Social Spider, at NCVO's 2015 Evolve Conference.
One of two presentations covering the alternative finance landscape.
Presented at the ANSER Conference, 28th May, 2009
Based on a forthcoming paper on the social finance landscape in Canada, from an investor perspective. Download the paper from carleton.ca/3ci
Presented at NCVO's Trustee Conference on Monday 11 November 2014.
The presentation was by Geetha Rabindrakumar, Big Society Capital, Tim Willis, Chair, London Early Years Foundation and Edward Baker, Chair, Furnistore. These slides look at what trustees need to know, how to know if it is right for your organisation and how you access it?
To learn more about governance: http://www.ncvo.org.uk/practical-support/governance
To find out about NCVO's Trustee Conference: http://www.ncvo.org.uk/training-and-events/trustee-conference
Power point presentation from the small business administration (pdf)CVSSurveyors701
CVS Surveyors has an excellent track record.In rating we have an average reduction rate of 9.2%,an industry enviable average.In rent we have reduced our Clients rent liabilities by an average of 10.4%.
Other NGOs such as Dustho Shasthya Kendro (DSK), Nijera Kori, ASA etc should give an positive steps to follow BRAC, Grammen Bank and Gono Shasthya Kendro (GSK) to develop social business in order to earn fund in collaboration of overseas investors who consider the impact of their investment and profit. The local NGOs should change their mind and reform themselves to attract overseas investments.
U.S. Small Business Administration Overviewnado-web
Betsy Markey, Regional Administrator of the U.S. Small Business Administration provided a presentation on the work of the center during the conference Create, Challenge, Change: Economic Development Conference for the Denver Region. This presentation occurred during the session "Promoting Innovation, Entrepreneurship, and Ideas that Create Businesses and Jobs."
Measuring Social Enterprise Impacts and Benefits:Emerging Approaches and IssuesKarim Harji
Presentation at the CASC/ANSER conference, Ottawa, May 27, 2009
For many social enterprises, the important issues of accountability and performance often get funneled into a discussion around metrics and measurement. Yet the measurement of the “blended value” (financial, social and environmental) that is created by social enterprise is a relatively under-developed facet of the social finance marketspace. This session will present emerging approaches and methods to assess, manage and communicate the complexity of social and financial value creation. Drawing on Canadian and international examples, the potential contributions of these approaches to the broader debate around social impact measurement will also be examined.
The Clean Tech Funding Roller Coaster - A CVG Second Thursday Event, 9/12/13Paige Rasid
Energy is one of the largest markets in the world. Clean air, water and environment are highly prized and in short supply worldwide. Technologies exist to economically address these issues in sustainable ways and more clean technologies are being developed every day. So how is it that venture dollars for this sector have dried up and even public sector project financing is in short or at best erratic supply? Panelists shed some light in a very green way on industry trends and how entrepreneurs and investors are actually benefiting from this challenging market.
How to Prepare Your Startup for Venture Capital Investmentideatoipo
Getting venture capital funding is the ultimate yet often elusive goal of many Silicon Valley startups. Venture capital funding dramatically improves a startup's chances of having a big IPO or buy out exit. Most startups at their inception have the hope, if not the expectation, that they will eventually receive venture capital funding.
In the current environment, venture capital funding has become more competitive, but it is still available. This presentation will cover what a startup should do to prepare for venture funding, what essential steps to take, what venture capitalists expect and how to avoid venture capital deal breakers.
Social Finance and Impact Investing in CanadaKarim Harji
Presentation at OISE - November 21, 2012
• An overview of the state of social finance and impact investing across Canada
• An analysis of why Canada is well positioned to become a leader globally
• A participatory discussion on the key issues such as:
-- The perceived trade-offs between social impact vs. financial return;
--- How philanthropy can complement social finance;
--- Measurement of social value creation;
--- Legislation and public policy; and
--- Bridging silos between sectors and organizations.
Presented by David Floyd, Managing Director, Social Spider, at NCVO's 2015 Evolve Conference.
One of two presentations covering the alternative finance landscape.
Presented at the ANSER Conference, 28th May, 2009
Based on a forthcoming paper on the social finance landscape in Canada, from an investor perspective. Download the paper from carleton.ca/3ci
Presented at NCVO's Trustee Conference on Monday 11 November 2014.
The presentation was by Geetha Rabindrakumar, Big Society Capital, Tim Willis, Chair, London Early Years Foundation and Edward Baker, Chair, Furnistore. These slides look at what trustees need to know, how to know if it is right for your organisation and how you access it?
To learn more about governance: http://www.ncvo.org.uk/practical-support/governance
To find out about NCVO's Trustee Conference: http://www.ncvo.org.uk/training-and-events/trustee-conference
Power point presentation from the small business administration (pdf)CVSSurveyors701
CVS Surveyors has an excellent track record.In rating we have an average reduction rate of 9.2%,an industry enviable average.In rent we have reduced our Clients rent liabilities by an average of 10.4%.
Other NGOs such as Dustho Shasthya Kendro (DSK), Nijera Kori, ASA etc should give an positive steps to follow BRAC, Grammen Bank and Gono Shasthya Kendro (GSK) to develop social business in order to earn fund in collaboration of overseas investors who consider the impact of their investment and profit. The local NGOs should change their mind and reform themselves to attract overseas investments.
U.S. Small Business Administration Overviewnado-web
Betsy Markey, Regional Administrator of the U.S. Small Business Administration provided a presentation on the work of the center during the conference Create, Challenge, Change: Economic Development Conference for the Denver Region. This presentation occurred during the session "Promoting Innovation, Entrepreneurship, and Ideas that Create Businesses and Jobs."
Measuring Social Enterprise Impacts and Benefits:Emerging Approaches and IssuesKarim Harji
Presentation at the CASC/ANSER conference, Ottawa, May 27, 2009
For many social enterprises, the important issues of accountability and performance often get funneled into a discussion around metrics and measurement. Yet the measurement of the “blended value” (financial, social and environmental) that is created by social enterprise is a relatively under-developed facet of the social finance marketspace. This session will present emerging approaches and methods to assess, manage and communicate the complexity of social and financial value creation. Drawing on Canadian and international examples, the potential contributions of these approaches to the broader debate around social impact measurement will also be examined.
The Clean Tech Funding Roller Coaster - A CVG Second Thursday Event, 9/12/13Paige Rasid
Energy is one of the largest markets in the world. Clean air, water and environment are highly prized and in short supply worldwide. Technologies exist to economically address these issues in sustainable ways and more clean technologies are being developed every day. So how is it that venture dollars for this sector have dried up and even public sector project financing is in short or at best erratic supply? Panelists shed some light in a very green way on industry trends and how entrepreneurs and investors are actually benefiting from this challenging market.
Digital 2022: Ethiopia
This page contains all the data, insights, and trends you need to help you understand how people in Ethiopia use connected devices and services in 2022.
You’ll find our complete Digital 2022 report on Ethiopia in the “full report” section below, but let’s start by taking a look at the essential headlines for digital adoption and use in Ethiopia this year.
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Ethiopia’s population in 2022
Ethiopia’s total population was 119.3 million in January 2022.
Data show that Ethiopia’s population increased by 2.9 million (+2.5 percent) between 2021 and 2022.
50.0 percent of Ethiopia’s population is female, while 50.0 percent of the population is male.
At the start of 2022, 22.7 percent of Ethiopia’s population lived in urban centres, while 77.3 percent lived in rural areas.
Note: gender data are currently only available for “female” and “male”.
Ethiopia’s population by age
The median age of the population in Ethiopia is 19.9.
For additional context, here’s a look at how the population in Ethiopia breaks down by age group:
• 14.3 percent of Ethiopia’s population is between the ages of 0 and 4.
• 20.3 percent of Ethiopia’s population is between the ages of 5 and 12.
• 11.3 percent of Ethiopia’s population is between the ages of 13 and 17.
• 14.5 percent of Ethiopia’s population is between the ages of 18 and 24.
• 15.5 percent of Ethiopia’s population is between the ages of 25 and 34.
• 10.0 percent of Ethiopia’s population is between the ages of 35 and 44.
• 6.5 percent of Ethiopia’s population is between the ages of 45 and 54.
• 4.0 percent of Ethiopia’s population is between the ages of 55 and 64.
• 3.6 percent of Ethiopia’s population is aged 65 and above.
Note: percentages may not sum to 100 percent due to rounding.
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Internet use in Ethiopia in 2022
There were 29.83 million internet users in Ethiopia in January 2022.
Ethiopia’s internet penetration rate stood at 25.0 percent of the total population at the start of 2022.
Kepios analysis indicates that internet users in Ethiopia increased by 731 thousand (+2.5 percent) between 2021 and 2022.
For perspective, these user figures reveal that 89.50 million people in Ethiopia did not use the internet at the start of 2022, meaning that 75.0 percent of the population remained offline at the beginning of the year.
However, issues relating to COVID-19 continue to impact research into internet adoption, so actual internet user figures may be higher than these published numbers suggest (see here for further details).
For the latest insights into internet adoption and use around the world, follow our regular Global Statshot reports.
Go global: see how Ethiopia’s current “state of digital” compares with connectivity in other countries by reading our flagship Digital 2022 Global Overview Report, which includes hundreds of slides of global digital data, and our in-depth analysis of what these numbers might mean for you.
Internet connection speeds in Ethiopia in 2022
Data
Par Chad Williams - Red Cloud Klondike Strike Inc. Redéfinir les investissements miniers – Le sociofinancement par actions, solution efficace de mobilisation de capitaux pour les petites sociétés minières
One of the biggest challenges of starting a company is to maintain a steady cash flow. An entrepreneur's worst nightmare is: "What if I run out of money!"
Jo Van Betsbrugge is an Innovation Advisor at the National Research Council’s Innovation Access circa November 2013. He will be sharing his experiences with you on: starting and running a company in Quebec, and will demisify exactly how he successfully raised over $1M without the help of venture capital.
He helps entrepreneurs and small and medium-sized businesses navigate through the multitude of available innovation support programs offered by provincial and federal governments.
Through a historic new community-based Local Social Impact Investment Note, California residents can harness the power of local investment and help launch the Mendocino Wool Mill project. Economic Development & Financing Corporation (EDFC) offers investors an opportunity to shift their money from Wall Street to "Main Street" with the first Direct Public Offering of its kind in the state of California.
Spearheaded by local sheepshearer, Matt Gilbert, the wool mill will help revive a traditional industry that has huge potential to support local ranchers and artisans, and create new jobs while producing many fine locally-processed wool products.
EDFC is a 501(c)3 non-profit Community Development Financial Institution (CDFI), that has been operating in Mendocino County since 1995, with extensive lending history. Our mission is to connect money and ideas with entrepreneurs to create sustainable prosperity. We believe in building a healthy community that encourages resourcefulness, creativity and abundance for future generations. If you share this vision, we want to know you.
Details: The DPO mitigates risk by matching investments with grant funding and portfolio insurance. Each note has a 6-year term with a 2% annual interest rate. We are aiming to raise a minimum of $250,000 by February 2016. We have raised over $100k to date, see website to track our progress!
Please contact EDFC for more information and an investor packet. invest@edfc.org edfc.org
LightCastle takes a look at the role of NGOs/NPOs in Impact Investment and how they can make a change in the journey of budding SMEs and small businesses.
HUB:BLE-1 Boosting Local Enterprise - Business AdviceSpace IDEAS Hub
HUB:BLE-1 Boosting Local Enterprise -
Session 2 - Business Advice
Including: Business loans without banks, export marketing research, supportive environments for business and satellite applications catapult
in today’s business environment entrepreneurs need comprehensive and up-to-date information about finance and funding. Whether financing an innovative start-up or growing a mature business, sources of funding are not always easy to find. While the most common source of funding is a loan from a bank, many start-up’s cannot provide the security needed to borrow in today’s tight credit environment and need to find alternative sources such as special loan programs, crowdfunding, grants and business investors.
Any business needing additional funding will usually find that they need to assemble any number of financing pieces almost as if they are assembling a puzzle. that is why we are launching this revised edition of sources of funding to assist business leaders and entrepreneurs in finding the funding sources available to both start-ups and mature businesses.
We’ve included private equity, state and local grants, incentives as well as conventional debt financing.
We hope this publication will help business owners and entrepreneurs like you continue to create jobs and drive our economy forward.
What's important for your next phase of growth? In this webinar, CEO of Lighter Capital BJ Lackland will walk you through:
- Different funding options for today's SaaS (Software-as-a-service) companies
- How to create a funding strategy that's aligned with your growth objectives
- How to get your business fundraising ready
• Presentations from sources of grant, debt and equity funding, as well as business support agencies operating in the region
• The presentations will be short and sharp giving the delegate a basis for an assessment of which funding stream/funder matches their requirements
• To have a targeted session depending on your business needs – with a session focussed on start-up/early stage businesses
• Presentations from sources of grant, debt and equity funding, as well as business support agencies operating in the region
• The presentations will be short and sharp giving the delegate a basis for an assessment of which funding stream/funder matches their requirements
• To have a targeted session depending on your business needs – with a session focussed on start-up/early stage businesses
From recruiting more passionate staff members to acquiring a bigger board of directors and most importantly, generating greater impact of CFED's work, 2000 was a fundamental year of growth for CFED. Mobilizing a strategic three-year plan at the beginning of the year, CFED has channeled it's resources into acquiring individual assets, enterprise development, and sustainable economies that have resulted in a remarkable vision for economic opportunity in years to come.
“Cyber Liability & Cyber Insurance” - A discussion on best practices around Prevention, Detection, and Response!
Sponsored by Datto and Webster Bank
Series brought to you by the Connecticut Technology Council.
____________
TOPIC FOCUS:
1. Evolution and acceptance of Cybersecurity insurance
a. Understanding risk & effect on businesses
i. Used to be major brands, now widespread.
ii. Risk recognized, business leaders looking to minimize risk
b. Describing changes in cybersecurity insurance
How coverages have evolved - not just for biggest companies
i. Insurers are working with (tech) companies to get it right
ii. Where is it going from here? Trends, specialty insurance
2. Describe insurance types/ specifics and how they perform when needed
. Not all policies are the same
a. What to look for
b. How they vary by type of business (Healthcare vs. Retail vs. Software Co.)
c. What gaps still remain (What can’t get covered?)
3. How to minimize cost, get most value for your company
. Some protections on your current policies
a. Gating elements - What the insurance companies want to see - how that might help costs
4. Best practices generally
Women Of Innovation® 2016 Honoree Bios & Event ProgramPaige Rasid
Honoring the energy, creativity and success of
sixty-five women and students from Connecticut’s science
and technology community.
In this program, we salute this year’s Women of Innovation who are working as scientists, engineers, and entrepreneurs for their contributions to their organizations or schools.
Their biographies in this program are testimony to their
remarkable careers, fields of study, and their professional
and personal accomplishments. We also thank the individuals who nominated these outstanding women and all who are here to celebrate their achievements.
After twelve years, there is an alumnae group of nearly
600 Women of Innovation!
By gathering this community of accomplished women, we continue to promote, support and encourage young women and girls to pursue STEM careers and to foster a collaborative network. www.CT.org
Social Media & Mobile Tech - CVG Entrepreneur and Investor EventPaige Rasid
Sixty-five movers and shakers from the Crossroads Venture Group Community gathered to grow the Social Media and Mobile Tech industries in Connecticut. There were company showcases and presentations, an investor panel that gave live feedback to presenting companies, as well as an inspiring keynote speaker!
Life Cycle of a Data Breach - Cybersecurity Seminar SeriesPaige Rasid
“Life Cycle of a Data Breach” - A discussion on best practices around Prevention, Detection, and Response!
Sponsored by Frontier Communications, Datto, Day Pitney LLP, and First Niagara
Series brought to you by the Connecticut Technology Council.
The 2015 Women of Innovation Awards Program honors accomplished and successful women in science, technology, engineering and math. This event is presented, annually, by the Connecticut Technology Council.
Crossroads Venture Group hosts monthly networking events and in march the focus was Medical Devices. David Wang was keyonter and we had three presenting companies pitch to a panel of experienced investors.
The 2014 IT Summit is a program for Executives and professionals in IT. Once a year the Connecticut Tech Council and Mohegan Sun Convention Center host the IT Summit.
At the Marcum Tech Top 40 event, forty companies are recognized for outstanding revenue growth. Each TT40 company is categorized under one of six industry verticals.
Funding Sources and Incentive for Investment in Connecticut - CVG Second Thursday, 1/10/13
1. Funding Sources and Incentives for
Investment in Connecticut
Moderator
Patrick O’Neill, P.E.
Director, Investments
Connecticut Innovations
Panelists
Dana R. Bucin, Esq. Claire R. Leonardi
Updike, Kelly & Spellacy Connecticut Innovations
William B. Claffey, Esq. John Strahley
Fiondella Milone & LaSaracina
Ironwood Capital
2. Funding Sources and
Incentives for Investment in
Connecticut
A Second Thursday Event
presented by
Crossroads Venture Group
January 10, 2013
University of Connecticut Health Center (UCHC)
Farmington
3. Funding Sources and Incentives for
Marketing at the ConnecticutLight
Investment in
Speed of
Welcome
Moderator
Patrick O’Neill, P.E.
Director, Investments
Connecticut Innovations
4. Funding Sources and Incentives for
Marketing at the ConnecticutLight
Investment in
Speed of
Panelist
Dana R. Bucin, Esq.
Updike, Kelly & Spellacy
5. Funding Sources and Incentives for
Marketing at the ConnecticutLight
Investment in
Speed of
Panelists
William B. Claffey, Esq.
Fiondella Milone & LaSaracina
6. Funding Sources in Connecticut – State Tax
Credits
William B. Claffey, Director of State Tax,
Credits & Incentives
Fiondella, Milone, & LaSaracina, LLP
7. Funding Sources in Connecticut – State Tax
Credits
FML, LLP Firm Overview:
– Regional accounting firm headquartered in Glastonbury with
satellite offices in Stamford, New Haven and Bristol
– Founded in 2002 when 3 founding partners broke away from a
national firm; currently 8 partners
– Strong focus on providing audit and tax services to high-
growth venture capital back companies.
– PCAOB registered with growing SEC practice
– Strong Accounting and Tax Consulting Services
8. Funding Sources in Connecticut – State Tax
Credits
Dispelling a Myth
– Is Connecticut bad for business?
– State Comparisons
Connecticut Tax Advantages
– Apportionment
– Tax Credits / Incentives
10. Funding Sources in Connecticut – State Tax
Credits
Tax Credits – What if I can’t use them?
– Refundable Credits
– Transferable Credits
– Value to the financial statements
Dealing with DRS/DECD
Questions?
11. Funding Sources in Connecticut – State Tax
Credits
Helpful Resources
– Information Publication 2010(13)
– www.ct.gov/drs
– www.ct.gov/ecd
– www.fmlcpas.com
12. Funding Sources and Incentives for
Marketing at the ConnecticutLight
Investment in
Speed of
Panelists
Claire R. Leonardi
Connecticut Innovations
14. Investing in Connecticut
CI grows businesses and jobs in Connecticut by providing
innovative financing and strategic assistance.
Access to
Capital
Strong
Expertise Track
Record
Strategic
Talent Advisers Partners
15. CI brings together best practices to grow
innovative businesses
Support high-growth small businesses – financing, active
engagement, connections
Help existing businesses innovate to grow and sustain
market position
Foster an entrepreneurial environment
Leverage outside support
Promote collaboration
Historically self-sustaining
VC program -- 18%+ gross IRR; invested $210 million;
leveraged over $1 billion in private capital
Loans -- $750 M loans; leveraged with $1.9 B from private-
sector partners
15
16. CI Financial Assistance
Equity and Risk Capital Investments
Debt Financing
Small Business Innovation (SBI) Funding & Services
17. Equity and Risk Capital
Startup Support
□ TechStart Fund
□ Pre-Seed Fund
□ Seed Investment Fund
Eli Whitney Fund – flagship fund
Venture & Mezzanine Debt Fund
Bioscience Facilities Fund
Connecticut Clean Tech Fund
18. Small Business Innovation
Supporting innovation, promoting collaboration and
fostering an entrepreneurial environment in Connecticut
through a variety of exciting initiatives:
Business counseling and strategic evaluation
Guidance on finding and obtaining resources and creating
collaborative partnerships
Talent development and retention
18
19. Other Tech Initiatives
CTech - technology business incubators
Angel Investor Tax Credit Program
Innovation Ecosystem
Connecticut Stem Cell Research Program
The Jackson Laboratory facility at UConn Health Center
20. Debt Financing
Financing from $25,000 to $5 million
Initiatives:
□ Direct loans
□ Loan Guarantee Program
□ Participation loans
□ URBANK Capital Access Program
□ Information technology financing
□ Brownfields redevelopment financing
Financing support through collaborations with network
of lending institutions statewide
21. DECD Financial Assistance
First Five Program
□ Large scale projects
□ Requires creation of 200 full-time jobs over 2 years or investment of
more than $25 million plus 200 jobs over 5 years
Direct loans
□ Low interest and flexible
□ May include forgiveness for reaching predetermined job creation goals
Tax credit programs
□ Job Expansion Tax Credit
□ Urban and Industrial Site Reinvestment Credit
□ Film Production and Digital Media Tax Credit
□ Enterprise Zone Program
□ Sales and Use Tax Exemption
□ Municipal Property Tax Abatement
22. Small Business Express Program
Goal and requirements
□ To provide capital to “Main Street” businesses with < 100 employees to
help create jobs
□ Must be a CT company that has been in operation at least 1 yr
Types of assistance
□ Revolving loan fund ($10,000 to $100,000)
□ Matching grant program ($10,000 to $100,000)
□ Job creation loan fund ($10,000 to $300,000)
Uses: machinery and equipment, construction, leasehold
improvements, training, working capital and other business related
expenses
Terms
□ Up to 4% interest and maximum 10-year term
□ DECD determines loan terms, conditions, and collateral requirements in a
manner that prioritizes job creations
26. $93.0 million unit of Ironwood Capital, a 25-year old, $600+
million investment manager based in Avon, Connecticut
All investment capital provided by insurance companies doing
business in Connecticut; formed as a Connecticut Insurance
Reinvestment Fund
Focused on and experienced in making a broad range of debt
and equity investments in early-stage through mature
Connecticut companies
27. Business must be based in Connecticut
Must have fewer than 250 employees
Must have less than $10 million of net income
80% of the employees must be Connecticut residents
Strong growth potential
Ability to service debt
Identified exit strategy
28. We invest between $1 - $10 million of capital in later-stage
growth and cash flowing companies to:
◦ Support organic growth
◦ Make acquisitions
◦ Augment existing capital providers
◦ Refinance existing debt
We can provide more flexible terms and conditions than many
traditional sources of capital:
◦ Fixed and variable interest rates
◦ Flexible amortization tailored to meet business needs
◦ Streamlined process
◦ Pragmatic underwriting
29. Investment Experience – 12/31/2012
$48 million invested in 24 Connecticut companies
Investment types:
◦ 80% Debt
◦ 20% Expansion Equity & PreSeed Investments
Broad Industry Representation:
◦ Manufacturing
◦ Information technology
◦ Business Services
◦ Environmental Services
◦ Green Tech and Clean Tech
30. Ironwood Capital Connecticut
Victor Budnick, Managing Director
◦ (860) 409-2108
◦ Budnick@ironwoodcap.com
John Strahley, Managing Director
◦ (860) 409-2106
◦ Strahley@ironwoodcap.com
Alex Levental, Director
◦ (860) 409-2109
◦ Levental@ironwoodcap.com
Mike Benson, Senior Associate
◦ (860) 409-2115
◦ Benson@ironwoodcap.com
31. Funding Sources and Incentives for
Marketing at the ConnecticutLight
Investment in
Speed of
Upcoming CVG Events and Closing Remarks
Liddy Karter
Executive Director, Crossroads Venture Group
Managing Partner, Enhanced Capital Partners
33. THANK YOU CVG SPONSORS
A Round
Venture Capital Sponsors
Professional Service Firms
34. Upcoming Events
February 12
A Guide to the Digital Media Market Ask about CVG’s 2013
University of Connecticut, Stamford
4:30 PM – 7:00 PM
Boardroom
Series
March 14
Navigating the FDA: Getting to Market
Anylan Center, Yale University, New Haven
4:30 PM – 7:00 PM