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Program of the

Program of the. Rocket Ventures Greg Knudson VP of Technology Director of Rocket Ventures The Northwest Ohio Manufacturing Forum November 20, 2009. NWO Manufacturing Forum Areas of Opportunity. RV has a need to find “Spin-Off” opportunities Small to large companies with technology

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Program of the

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  1. Program of the Rocket Ventures Greg Knudson VP of Technology Director of Rocket Ventures The Northwest Ohio Manufacturing Forum November 20, 2009

  2. NWO Manufacturing ForumAreas of Opportunity • RV has a need to find “Spin-Off” opportunities • Small to large companies with technology • RV is looking for manufacturing companies for development, proto-type development, manufacturing • Lockrey Mfg. and Pinnacle Technologies models – across technologies • RV needs to find “JV” partners for start-up companies • Bringing strengths together (engineering, design, manufacturing)

  3. Program Definition • Pre-Seed, Early Stage Venture Fund • Provide Management, Networking and Capital Resources • Sponsored by - “Ohio Third Frontier Program” • Program Financing: $15.0 Million ODOD $ 7.5 Million Private Investors $22.5 Million

  4. RegionalGrowth Partnership’s Launch Market Entry to Prove Commercial Viability INCUBATING to Define Commercialization IMAGINING the Commercial Opportunity Growth & Sustainability to Generate Financial Returns DEMONSTRATING Products & Processes in Commercial Viability Mobilizing Resources for Growth & Sustainability Mobilizing Resources for Demonstrating Mobilizing Resources for Market entry Mobilizing Resources for Incubating INCUBATING DEMONSTRATING IMAGINING GROWTH MARKETING “Valley of Death” Business Development Rocket Ventures Phases of Development

  5. Targeted Technologies

  6. Regional Partners and Collaborators

  7. Portfolio Company Screening Criteria • Located in Northwest Ohio • Early Stage: Imagining, Incubating and Demonstrating Phases • Scalable to $30M - $50M in 5 to 7 years • Targeted areas in Technology: • Biomedical, • Alternative Energy, • Advanced Materials and Manufacturing Technologies • Intellectual Property (IP) Documented & Owned by / Licensed to Company • Clear Business Plan and Exit Strategy

  8. Program Elements • Enhanced Business Management Services • Ignite!Development Grant • The Pre-Seed Fund

  9. Rocket Ventures Enhanced Business Management Services

  10. Enhanced Business Management Services • Provide Hand’s-on: • Business Management Support : • Market assessment • Financial modeling and planning • Finding sources of capital • Management expertise • Technology readiness • Marketing, sales and public relations • Grant pursuit assistance • Exit strategy development

  11. Rocket Ventures Ignite! Development Grants

  12. Program Elements • Ignite!Development Grant • Up to $50,000 per Grant • 26 Awarded • Funding to Accelerate Commercialization • Specific activities: • Marketing Analysis and Planning • Prototype Development • Beta Site Testing • Business and Technology Validation

  13. Lockrey Manufacturing Keyboard Stand CoreTrainer

  14. Rocket Venture Fund, LLC

  15. Program Elements • The Pre-Seed Fund • $13.5 Million - $6.0M State / $7.5M Private Investors

  16. Investment Process • Inquiry Via Electronic “Intake Form” • Fit with the Rocket Ventures Criteria • MOU Signed • Initial Company Validation (Technology / Business) • RV Team Analysis, Review, Comment and Decision • RV Commercialization Services Begin • Ignite! Grant – Potential / VC Primer / CEO Primer • Due Diligence on High Potential Clients • Term Sheet Development and Negotiation • Formal Presentation to Investment Committee • Investment Closing / Portfolio Company Management

  17. Risk and Return

  18. Rocket Ventures Portfolio Companies

  19. Rocket Ventures Performance Metrics

  20. Client Company Profile SOURCES OF DEAL FLOW + University Spin-Offs + Regional Outreach – 18 Counties + Company Spin-Offs + “ Garage Technologies” + Joint Venture Partnerships + Marketing, Communications, Events

  21. DenDroCo, LLC BioSys Medical

  22. 550inquiries 60newstart-ups 50 active clients 30state / federal grants 26Ignite Grants awarded

  23. Innovation to Commercialization Continuum + = +

  24. NWO Manufacturing ForumAreas of Opportunity • RV has a need to find “Spin-Off” opportunities • Small to large companies with technology • RV is looking for manufacturing companies for development, proto-type development, manufacturing • Lockrey Mfg. and Pinnacle Technologies models – across technologies • RV needs to find “JV” partners for start-up companies • Bringing strengths together (engineering, design, manufacturing)

  25. Thank you

  26. Questions / Comments

  27. Greg Knudson, VP and Director Rocket Ventures E-mail: knudson@rgp.org 419.252.2700 Ext. 313 www.rocketventures.org

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