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Texas Emerging Technology Fund II ETF II North Texas Regional Center for Innovation Commercialization RCIC

Texas Emerging Technology Fund ? North Texas Regional Center for Innovation

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Texas Emerging Technology Fund II ETF II North Texas Regional Center for Innovation Commercialization RCIC

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    1. Texas Emerging Technology Fund – North Texas Regional Center for Innovation & Commercialization 17919 Waterview Pkwy, Suite 1.50 Dallas, TX 75252 www.ntxrcic.org Ph: 972-883-4920 Fax: 972-883-4919 Texas Emerging Technology Fund II (ETF II) North Texas Regional Center for Innovation & Commercialization (RCIC)

    2. Texas Emerging Technology Fund – North Texas Regional Center for Innovation & Commercialization 17919 Waterview Pkwy, Suite 1.50, Dallas, TX 75252 Ph: 972-883-4920; Fax: 972-883-4919 www.ntxrcic.org Texas Excels in INVENTION Typically 2nd or 3rd in annual patent filings Texas Lags BADLY in Commercialization Typically 13th-15th in tech-based startups Biggest comparative ‘shortages’: Tech-savvy, early-stage investors Experienced ‘serial’ entrepreneurs

    3. Texas Emerging Technology Fund – North Texas Regional Center for Innovation & Commercialization 17919 Waterview Pkwy, Suite 1.50, Dallas, TX 75252 Ph: 972-883-4920; Fax: 972-883-4919 www.ntxrcic.org 2005 HB 1188-- ETF Objectives Accelerate the formation of high-potential, new technology-based businesses in Texas: Commercialize Texas’ University-developed technologies in Texas. Invest “Seed Funding” in selected new companies Increase the applied research capabilities in Texas Higher Education. Attract more external R&D funds for Texas schools and companies. Create high-skill, high-pay jobs for Texans.

    4. Texas Emerging Technology Fund – North Texas Regional Center for Innovation & Commercialization 17919 Waterview Pkwy, Suite 1.50, Dallas, TX 75252 Ph: 972-883-4920; Fax: 972-883-4919 www.ntxrcic.org ETF Regions and “Centers for Innovation & Commercialization”

    5. Texas Emerging Technology Fund – North Texas Regional Center for Innovation & Commercialization 17919 Waterview Pkwy, Suite 1.50, Dallas, TX 75252 Ph: 972-883-4920; Fax: 972-883-4919 www.ntxrcic.org Our North Texas Region Population = ~7.6 million (over 1/3 of the state) 40% of Texas’ annual Gross Domestic Product 63 counties, incl. the Dallas/Fort Worth “Metroplex” 64 Institutions of Higher Education and research: 1 medical school, 2 Health Science Centers, 11 public and 18 private universities Wide variety of research, e.g., bio-medical, semiconductor, nanotechnology, telecommunications, information systems. Major concentration of high-tech industries, e.g.: Texas Instruments, etc. in semiconductors Raytheon, Lockheed-Martin in electronics and defense Telecommunications, information services, etc.

    6. Texas Emerging Technology Fund – North Texas Regional Center for Innovation & Commercialization 17919 Waterview Pkwy, Suite 1.50, Dallas, TX 75252 Ph: 972-883-4920; Fax: 972-883-4919 www.ntxrcic.org The RCIC’s Regionally-funded, non-profit entities that: Are the Regional representative and ‘marketing arm’ to create awareness of the ETF program Work with regional Higher Education Institutions to foster technology commercialization Identify and prepare Regional tech startups for application to the ETF. Mentor ‘client companies’ from ETF pre-application through final funding and subsequent growth Each quarter solicits, evaluates and recommends the ‘regional best’ to the state for investment.

    7. Texas Emerging Technology Fund – North Texas Regional Center for Innovation & Commercialization 17919 Waterview Pkwy, Suite 1.50, Dallas, TX 75252 Ph: 972-883-4920; Fax: 972-883-4919 www.ntxrcic.org Allocation of ETF II Funds HB 1188 (2007) $193 million over the biennium (9/07 - 8/09) Plus Private, Industry and Federal funds attracted or catalyzed by ETF.

    8. Texas Emerging Technology Fund – North Texas Regional Center for Innovation & Commercialization 17919 Waterview Pkwy, Suite 1.50, Dallas, TX 75252 Ph: 972-883-4920; Fax: 972-883-4919 www.ntxrcic.org Emerging Technology Sectors Semiconductors Information Technology Computer software technology Energy Manufactured energy systems Micro-electro mechanical systems Nanotechnology Biotechnology Medicine Life Sciences Defense/Aerospace Petroleum refining and chemical processes “Clean” and “Green” technologies Others as approved by the Governor

    9. Texas Emerging Technology Fund – North Texas Regional Center for Innovation & Commercialization 17919 Waterview Pkwy, Suite 1.50, Dallas, TX 75252 Ph: 972-883-4920; Fax: 972-883-4919 www.ntxrcic.org

    10. Texas Emerging Technology Fund – North Texas Regional Center for Innovation & Commercialization 17919 Waterview Pkwy, Suite 1.50, Dallas, TX 75252 Ph: 972-883-4920; Fax: 972-883-4919 www.ntxrcic.org Technology-Based Ventures The “Gap”

    11. Texas Emerging Technology Fund – North Texas Regional Center for Innovation & Commercialization 17919 Waterview Pkwy, Suite 1.50, Dallas, TX 75252 Ph: 972-883-4920; Fax: 972-883-4919 www.ntxrcic.org Supporting Technological Entrepreneurship

    12. Texas Emerging Technology Fund – North Texas Regional Center for Innovation & Commercialization 17919 Waterview Pkwy, Suite 1.50, Dallas, TX 75252 Ph: 972-883-4920; Fax: 972-883-4919 www.ntxrcic.org ETF “Pre-Seed” Investments Early-stage, “fledgling” company w/ < $500K prior investment and an attractive, basic business idea Initial award of <$250K Total $1M ‘reserved’ Incrementally (<$250K) accessible by milestone progress Resulting state interest is as ‘convertible debt’ Interest bearing @ 8% Secured by future company equity Company has 30 months to secure add’l investment and fix value of ETF’s equity investment.

    13. Texas Emerging Technology Fund – North Texas Regional Center for Innovation & Commercialization 17919 Waterview Pkwy, Suite 1.50, Dallas, TX 75252 Ph: 972-883-4920; Fax: 972-883-4919 www.ntxrcic.org There are quarterly application opportunities statewide 4/14/09 is the next application date Companies typically work w/ RCIC for ~2 months Investment-worthy companies are selected in all ETF Regions for state evaluation If chosen by the ETF Adv. Comm.: Thorough due diligence by state staff Must get unanimous appv’l of state “Leadership” Award results in contract with the state

    14. Texas Emerging Technology Fund – North Texas Regional Center for Innovation & Commercialization 17919 Waterview Pkwy, Suite 1.50, Dallas, TX 75252 Ph: 972-883-4920; Fax: 972-883-4919 www.ntxrcic.org The ETF Decision Flow

    15. Texas Emerging Technology Fund – North Texas Regional Center for Innovation & Commercialization 17919 Waterview Pkwy, Suite 1.50, Dallas, TX 75252 Ph: 972-883-4920; Fax: 972-883-4919 www.ntxrcic.org “Must Have” Criteria for ETF Commercialization Awards Potential to create significant number of high-quality, new jobs in Texas Competitive advantage based on proprietary emerging technology Ongoing collaboration with a Texas Institution of Higher Education Commitment to remain a Texas-based company for at least 10 years

    16. Texas Emerging Technology Fund – North Texas Regional Center for Innovation & Commercialization 17919 Waterview Pkwy, Suite 1.50, Dallas, TX 75252 Ph: 972-883-4920; Fax: 972-883-4919 www.ntxrcic.org Technology Entrepreneurship - The Essential Elements

    17. Texas Emerging Technology Fund – North Texas Regional Center for Innovation & Commercialization 17919 Waterview Pkwy, Suite 1.50, Dallas, TX 75252 Ph: 972-883-4920; Fax: 972-883-4919 www.ntxrcic.org Technology Entrepreneurship - The Essential Elements

    18. Texas Emerging Technology Fund – North Texas Regional Center for Innovation & Commercialization 17919 Waterview Pkwy, Suite 1.50, Dallas, TX 75252 Ph: 972-883-4920; Fax: 972-883-4919 www.ntxrcic.org Technology Entrepreneurship - The Essential Elements

    19. Texas Emerging Technology Fund – North Texas Regional Center for Innovation & Commercialization 17919 Waterview Pkwy, Suite 1.50, Dallas, TX 75252 Ph: 972-883-4920; Fax: 972-883-4919 www.ntxrcic.org How “hot” is the Opportunity ?

    20. Texas Emerging Technology Fund – North Texas Regional Center for Innovation & Commercialization 17919 Waterview Pkwy, Suite 1.50, Dallas, TX 75252 Ph: 972-883-4920; Fax: 972-883-4919 www.ntxrcic.org ‘Calibrating’ the Opportunity

    21. Texas Emerging Technology Fund – North Texas Regional Center for Innovation & Commercialization 17919 Waterview Pkwy, Suite 1.50, Dallas, TX 75252 Ph: 972-883-4920; Fax: 972-883-4919 www.ntxrcic.org ‘Calibrating’ Your Opportunity

    22. Texas Emerging Technology Fund – North Texas Regional Center for Innovation & Commercialization 17919 Waterview Pkwy, Suite 1.50, Dallas, TX 75252 Ph: 972-883-4920; Fax: 972-883-4919 www.ntxrcic.org ‘Calibrating’ Your Opportunity

    23. Texas Emerging Technology Fund – North Texas Regional Center for Innovation & Commercialization 17919 Waterview Pkwy, Suite 1.50, Dallas, TX 75252 Ph: 972-883-4920; Fax: 972-883-4919 www.ntxrcic.org ‘Calibrating’ Your Opportunity

    24. Texas Emerging Technology Fund – North Texas Regional Center for Innovation & Commercialization 17919 Waterview Pkwy, Suite 1.50, Dallas, TX 75252 Ph: 972-883-4920; Fax: 972-883-4919 www.ntxrcic.org ‘Calibrating’ Your Opportunity

    25. Texas Emerging Technology Fund – North Texas Regional Center for Innovation & Commercialization 17919 Waterview Pkwy, Suite 1.50, Dallas, TX 75252 Ph: 972-883-4920; Fax: 972-883-4919 www.ntxrcic.org ETF Commercialization Perspective

    26. Texas Emerging Technology Fund – North Texas Regional Center for Innovation & Commercialization 17919 Waterview Pkwy, Suite 1.50, Dallas, TX 75252 Ph: 972-883-4920; Fax: 972-883-4919 www.ntxrcic.org Comm’l Application Process Flow

    27. Texas Emerging Technology Fund – North Texas Regional Center for Innovation & Commercialization 17919 Waterview Pkwy, Suite 1.50, Dallas, TX 75252 Ph: 972-883-4920; Fax: 972-883-4919 www.ntxrcic.org Counseled 358 potential companies on ETF Plus 40-50 more re moves to Texas, etc. Received 158 Commercialization applications About 10% “refunded rejects” (no pre-counseling) Recommended 54 to the state Adv. Comm. Committee recommended 30 for ETF funding Recent 4 Rounds had ~70% success rate Only 1 failed to gain Leadership Consensus

    28. Texas Emerging Technology Fund – North Texas Regional Center for Innovation & Commercialization 17919 Waterview Pkwy, Suite 1.50, Dallas, TX 75252 Ph: 972-883-4920; Fax: 972-883-4919 www.ntxrcic.org

    29. Texas Emerging Technology Fund – North Texas Regional Center for Innovation & Commercialization 17919 Waterview Pkwy, Suite 1.50, Dallas, TX 75252 Ph: 972-883-4920; Fax: 972-883-4919 www.ntxrcic.org ETF Awards Through 1/08 Commercialization State N. Texas* 55 companies $ 54.2 M (13) $10.9 M Research Superiority 13 projects $ 52.3 M (4) $20.5 M Research Matching 12 projects $ 34.9 M (2) $ 9.5 M Total $141.4 M (19) $40.9 M * N. Texas projects and companies funded to date. There are also 17 additional ventures for ~$15 million awaiting announcement.

    30. Texas Emerging Technology Fund – North Texas Regional Center for Innovation & Commercialization 17919 Waterview Pkwy, Suite 1.50, Dallas, TX 75252 Ph: 972-883-4920; Fax: 972-883-4919 www.ntxrcic.org N. TX ETF-Funded Companies Hanson Robotics, Inc (Richardson) $1.50M OptiSense Networks, Inc (Bridgeport) $1.50M Global Contours (Rockwall) $ .95M Photodigm (Richardson) $ .75M Resonant Sensors Incorporated (Arlington) $ .60M PrincipleSoft (Plano) $ .75M SNR Labs, Inc. (Richardson) $ .75M Texas Piezoelectric (Dallas) $ .25M MicroTransponder (Dallas) $1.40M Net Watch Solutions (Richardson) $ .50M DentLight (Richardson) $ .25M Codekko (Dallas) $1.50M EQMA (Waco) $ .25M Total: $10.9M NOTE: 17 more N. TX companies have been recommended by the State ETF Committee. All should be funded by mid-2009.

    31. Texas Emerging Technology Fund – North Texas Regional Center for Innovation & Commercialization 17919 Waterview Pkwy, Suite 1.50, Dallas, TX 75252 Ph: 972-883-4920; Fax: 972-883-4919 www.ntxrcic.org Our Strategic Intent The Goal: Evolve from the NTXRCIC into a major, networked regional asset to accelerate the incubation process for new ventures. A “full-service” Entrepreneur’s Resource Network to support the development of fledgling entrepreneurs. That connects and leverages existing resources in the region, i.e., doesn’t compete with them. That establish web-based and multiple local “resource outlets” for ready access by entrepreneurs across the N. TX region. The “mature” NTXRCIC will help regional entrepreneurs to identify, assemble and facilitate access to supportive resources available from “Resource Partners” of the N TX RCIC, e.g., higher educational institutions, “business incubators”, law firms, established business/industry, etc. across the North Texas region and beyond. Some will be physically located in and supported by the local economic development corporations, it will provide the full support of and access to the resource base of the N TX RCIC including the Texas Emerging Technology Fund. The local Universities/College will help to provide the education necessary to foster new businesses. The “mature” NTXRCIC will help regional entrepreneurs to identify, assemble and facilitate access to supportive resources available from “Resource Partners” of the N TX RCIC, e.g., higher educational institutions, “business incubators”, law firms, established business/industry, etc. across the North Texas region and beyond. Some will be physically located in and supported by the local economic development corporations, it will provide the full support of and access to the resource base of the N TX RCIC including the Texas Emerging Technology Fund. The local Universities/College will help to provide the education necessary to foster new businesses.

    32. Texas Emerging Technology Fund – North Texas Regional Center for Innovation & Commercialization 17919 Waterview Pkwy, Suite 1.50 Dallas, TX 75252 www.ntxrcic.org Ph: 972-883-4920 Fax: 972-883-4919 For additional and current information, forms, frequently-asked-questions, etc. see: www.ntxrcic.org or www.emergingtechfund.com For the latest and most comprehensive source of information on the ETF and the NTXRCIC visit their website noted here.For the latest and most comprehensive source of information on the ETF and the NTXRCIC visit their website noted here.

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