cincy tech eco may2008 gcva

& the Greater CincinnatiEntrepreneurial

Ecosystem

Jan ‘06 Planning Group

Entrepreneurial Signature Program

• •

Grant $22.5 Million

Program Components

• Executives in residence

• Intensive due diligence process

• $10.4M seed fund

• $1.5M Imagining grants

Investment Criteria

• High Growth Companies

• IT, Bio or Advanced Mfg/Materials

• Southwest Ohio

• Management talent and passion

• Capacity to get to an “A” round

Executive Committee

The Team

Supporters, Partners and Resources

CITY OF MASON

Short & LongTerm

• Long Term - Companies, Revenue, Employment

• Short Term - Process, Team, Investments, Network of Capital

Rigorous Process

• Start with the end in mind

• Deep dive due diligence

• Plan to get to “A” round

Rigorous Process

Built the Team

• 4 Executives in Residence

• 1 Investment Development Dir.

• 3 Investment Associates

• 1 Entrepreneur-in-Residence

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

Investor Connections Current

Private Investors and

Future Rounds

Investor Connections Future RoundsFuture RoundsCurrent

Private Investors and

Representing more than

$8 BILLIONin investment capital

Entrepreneurial EcosystemEcosystem

Universities

VCFunds

StateGov’t

Support

AngelFunds

NetworkGrassrootsInitiatives

Incubators

Adapted from Jack Wyant’s GCVA Keynote on the State of Venture Capital- Sept 21 2002

Events

StateGov’t

Third Frontier ProgramEdison ProgramSBDCs166 LoanOhio Innovation FundTechnology Investment Tax Credit Program

Innovation & Commericialization ProgramKentucky Enterprise Fund Grants/Loans/EquityHigh Tech Investment PoolSBIR Matching Funds

Support

Entrepreneur BootcampAngel Investor BootcampMonday MentoringVaanGuard Mentoring NetworkBreakfast Bytes SeminarsRegional Entrepreneur ForumNKU Master Entrepreneur ProgramNKU HS ChallengeNKU Chelgren Entrepreneur Speaker SeriesUC Spirit of Enterprise CompetitionSCORE

Incubators

Universities

GrassrootsInitiatives

Angel/SeedFunds

and PRIVATE INVESTORS

VCFunds

Cincinnati Midwest

Network

Events

MHINMidwest Health

Investors Network

Universities

VCFunds

StateGov’t

Support

AngelFunds

NetworkGrassrootsInitiatives

Incubators Events

Entrepreneurial Ecosystem

Universities

VC

StateGov’t

Support

AngelFunds

NetworkGrassrootsInitiatives

Incubators Events

ALIVE AND ALIVE AND ALIVE AND Universities

ALIVE AND Universities

ALIVE AND Gov’tALIVE AND Gov’tALIVE AND Support

ALIVE AND Support

WELL!WELL!WELL!FundsWELL!FundsWELL!Network

WELL!Network

WELL!InitiativesWELL!Initiatives

ALIVE AND WELL!