chagnontalk.tfpopportunities091007.ppt

Third Frontier Project

FY 2008 Funding Opportunities

• Vision– In targeted areas of technology, Ohio has established regional and

statewide clusters of excellence that sustain our global competitive advantage in company and product formation, job creation and economic growth.

Strategies

– Guided by a focus on Ohio research and industrial strengths:

• Increase the quantity of high quality research that has commercial relevance for Ohio.

• Expand the availability of investment capital needed to form and grow new companies.

• Grow and nurture an increasingly experienced pool of entrepreneurial management talent supported by organized systems of services and networking.

• Expand the availability of capital and assistance to support product innovation in established companies.

• Attract new-to-Ohio company activity that grows and strengthens the function of specific clusters of excellence.

Focus Areas

Based on a 2002 study by Battelle, the Third Frontier Project adopted

five technology focus areas:

Advanced Materials

Biosciences

Information Technology

Instruments, Controls, Electronics

Power and Propulsion

Screening Criteria

• Impact on Ohio

•State/Regional Priorities

• Potential for Leverage

• Potential for Products

• Sustainable competitive

advantage (Fly wheels)

• Size of opportunity

• Vision for success

• Roadmaps for success

• Supporting workforce

• Importance to key existing

and emerging OH industry

drivers

• Anchor Companies

• Research Capacity

• Receptive Capital Markets

+

Regional Focus Group Input

•Barriers to entry by others•Global trends•Leadership assets•Timeliness of the opportunity•Stage of market development•Customer readiness for product ideas

+• Past Performance• Evidence of proposal building on previous TFP investments

– To achieve the vision and strategies, the following program categories have been adopted:

• Research and Commercialization Collaborations

• Entrepreneurial Support

• Product Development Assistance

• Company Attraction

FY 2008 Programs

Research and Commercialization Collaborations– Continue

» New Research & Development Center Cost Share» Engineering & Physical Science RCP» Biomedical RCP

– Restart» Wright Projects

– New» Ohio Research Scholars Program

FY 2008 Programs

RFP Open RFP Close Review Period Award Date

Rolling N/A TBD TBD

New Research & Development Center Cost Share Program• Continue

• Total Amount Available - $9 million

Research and Commercialization Collaborations

Schedule

Eligibility Award Amount Cost Share

Collaborators

Ohio-based organization

15% of prime award up to $5 million

N/A At least 1 Ohio-based organization (for profit if

not lead)

FY 2008 Programs

Engineering & Physical Science RCP• Continue




October January Feb-June June

Schedule


Collaborators


$2 - 5 million 1:1 At least 1 Ohio-based organization (for profit if

not lead)

FY 2008 Programs

Biomedical RCP• Continue




October January Feb-Jun June

Schedule


Collaborators


$2 - 5 million 1:1 At least 1 Ohio-based organization (for profit if

not lead)

FY 2008 Programs

Wright Projects• Restart




December March Apr-Jun June

Schedule


Collaborators

State Supported/Assisted

College/University or

Non-profit

$1- 3 million

Up to 25% project award in operating funds ($500 K max)

1:1 At least 1 Ohio-based

for profit

FY 2008 Programs

Ohio Research Scholars Program• New

• Total Amount Available - $122 to $150 million



October February Feb-May May

Schedule


Collaborators

Ohio

College/University

$2.5 - 50 million 1:1 At least 1 Ohio

Public College/University

FY 2008 Programs

Early-stage capital• Continue


Entrepreneurial Support


TBD TBD TBD TBD

Schedule

*** Specific Program type TBD ***

FY 2008 Program Recommendations

Product Development Assistance

– Continue» Ohio Research Commercialization Grant Program» Third Frontier Fuel Cell Program

– New» Advanced Energy Program

FY 2008 Programs

Ohio Research Commercialization Grant Program• Continue




November January Jan-Feb March

Schedule


Collaborators

For profit company receiving SBIR II, STTR

II or ATP award

Up to $350,000 None None

FY 2008 Programs

Third Frontier Fuel Cell Program• Continue




October December Jan-Mar March

Schedule


Collaborators


$250,000 to $1 million 1:2 At least one Ohio-based organization

FY 2008 Programs

Advanced Energy Program• New

• Total Amount Available - $ 21 million



October December Jan-Mar March

Schedule


Collaborators


$250,000 to $1 million 1:2 At least one Ohio-based organization

FY 2008 Programs

Company Attraction– Continue

» Targeted Industry Attraction Grants

FY 2008 Programs

Targeted Industry Attraction Grant Program• Continue


Company Attraction


Rolling N/A TBD TBD

Schedule


Collaborators

New to Ohio for profit company activity

Biosciences, Fuel Cells,

Advanced Polymers

Up to $1 million N/A N/A

*** Potential opportunities developed in consultation with ODOD ***

FY 2008 Programs

Third Frontier Internship Program • Modified


Up to $3,000 per internship; STEM students up to doctoral level

Brokered through regional affiliate organizations

https://ohio3fip.com/

Other

FY 2008 Programs

Commercialization Framework

Research Scholars

New R&D Center CS

Wright Projects

RCPs

Early-stage Capital

ORCGP

Fuel Cell/ Adv Energy

TIA

Valley of Death

Third Frontier Project: General Process

• RFP materials released on web site: www.thirdfrontier.com• Letters of Intent required• Bidders conference held• Email submission of questions, online FAQ response• Independent External Evaluators • Third Frontier Commission approval• State Controlling Board final approval

http://www.thirdfrontier.com/

chagnontalk.tfpopportunities091007.ppt

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ohio company activity

ohio public collegeuniversity

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frontier project fy

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