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Rocket Ventures Greg Knudson VP of Technology - RGP Director of Rocket Ventures knudson@rgp.org. Business Opportunities. RV has a need to find “Spin-Off” opportunities Small to large companies with technology / non-core segments
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Rocket Ventures Greg Knudson VP of Technology - RGP Director of Rocket Ventures knudson@rgp.org
Business Opportunities • RV has a need to find “Spin-Off” opportunities • Small to large companies with technology / non-core segments • RV is looking for manufacturing companies for design, proto-type development, manufacturing • Lockrey Mfg. and Pinnacle Technologies models – across technologies • RV needs to find “JV” partners for start-up companies • Leveraging strengths (engineering, manufacturing, technology)
Rocket Ventures - Program Definition • Pre-Seed, Early Stage Venture Fund • “Entrepreneurial Signature Program” for NWO • Program Financing: $15.0 Million ODOD $ 7.5 Million Private Investors $22.5 Million
Program Elements / Client Benefits • Enhanced Business Management Services • Networking • People, Engineering, Manufacturing • Distribution, Financing, Partners • The Pre-Seed Investment Fund
Portfolio Company Screening Criteria • 1. Location - Northwest Ohio • 2. Early Stage • 3. Scalability - $30M - $50M in 5 to 7 years • 4. Technology Cluster: • Biomedical, • Alternative Energy, • Advanced Materials and Manufacturing Technologies • 5. Intellectual Property (IP) Documented & Owned by / Licensed to Company • 6. Exit Strategy
The Pre-Seed Fund • $13.5 Million • $6.0M State / $7.5M Private Investors
Business Opportunities • RV has a need to find “Spin-Off” opportunities • Small to large companies with technology • RV is looking for engineering / manufacturing companies for design, proto-type development, manufacturing • Lockrey Mfg. and Pinnacle Technologies models – across technologies • RV needs to find “JV” partners for start-up companies • Leveraging strengths (engineering, manufacturing, technology, distribution)
Greg Knudson, VP and Director Rocket Ventures E-mail: knudson@rgp.org 419.252.2700 Ext. 313 www.rocketventures.org