Advisory Board and Commission Retreat

1. Advisory Board and Commission Retreat September 11-12, 2013

2. Innovation & Entrepreneurship Objectives: • Foster a vibrant entrepreneurial ecosystem in Ohio that increases the number of quality technology start-ups • Improve the likelihood of success and accelerate the growth of young Ohio technology companies by providing high-value coaching, resources, and connections to entrepreneurs • Increase the capital invested in Ohio technology companies; attract or retain top entrepreneurial talent in Ohio • Promote entrepreneurial successes and generate buzz about entrepreneurship in Ohio

3. Services: • Intensive coaching from seasoned entrepreneurs, industry experts, and investors • Market research and validation; business strategy and path to market • Connections to customers, strategic partners, and investors, recruiting C-level and technical talent • Investment preparation; access to capital • Legal, tax, and accounting support • Patent protection; regulatory strategy

7. Capital Objectives: • Fill a gap in the capital continuum by increasing the amount of early-stage capital and loan financing available to young Ohio technology companies • Help companies bridge the gap to sufficiently mature in order to attract venture capital funds or other forms of commercial financing • Increase the number of professionally managed pre-seed funds investing throughout Ohio; attract or retain top fund management talent • Create a risk capital climate that supports the development, retention, and attraction of investable technology companies in Ohio

8. Services: • Loans to capitalize for-profit and non-profit pre-seed funds that have attracted the support of private investors • Working capital/fixed asset loans to support young Ohio technology companies in addressing the barriers to commercialization of technology products and processes in Ohio.

11. Commercialization Objectives: • Increase the number and quality of technologies from Ohio universities/research institutions that are licensed to Ohio companies and improve upon their viability • Leverage nationally recognized Ohio university/research institution technology platforms in the acceleration of late-stage technologies, the creation of new companies and the attraction of investment capital to support them • Spur the development and commercialization of industry relevant and company directed late-stage technologies and new products and new product innovations

12. Services: • Validation of potentially commercializabletechnologies, and access to initial funding for start-up companies licensing university technologies • Business acceleration of tech-based start-ups that form from or cluster around commercialization centers • Access to university technical expertise and resources, business expertise mentoring, and professional investment capital for tech-based start-ups • Access to university innovation platforms for established companies wanting to “in-source” those capabilities for the development of new products • Access to and collaboration around highly specialized technical equipment and facilities for companies developing new product • Subsidization and attraction of major R&D centers focusing on industry relevant technology development