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Technology Programs and Assistance Region 8

Technology Programs and Assistance Region 8. Dennis Gaddis Ohio Dept of Development Technology Division 614-466-3887 dgaddis@odod.state.oh.us. What’s it all about?. Technology Investment Tax Credit (TITC) www.odod.state.oh.us/tech/titc.

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Technology Programs and Assistance Region 8

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  1. Technology Programs and AssistanceRegion 8 Dennis Gaddis Ohio Dept of Development Technology Division 614-466-3887 dgaddis@odod.state.oh.us

  2. What’s it all about?

  3. Technology Investment Tax Credit (TITC)www.odod.state.oh.us/tech/titc • Ohio Technology Companies < $2.5M in net book value or revenue during last fiscal year • >50% employees and assets in Ohio • Approved investors into approved companies receive 25% tax credit • Investor not an insider & > 5% of ownership or control. • Each investment up to $250K, $1.5M total investments per company • Apply through Edison Center

  4. Definition of Technology Company • Qualified Technology Company activities: • Research & development, Technology Transfer, Bio-technology, Information Technology, applying new technology • Excluded: • Service companies (engineering, accounting, etc.), consultants, financial companies, farms, hotels, restaurants, hospitals, nursing homes, and similar type businesses

  5. Distressed and EDGE • 30% credit for investment into companies in distressed counties • 30% credit for EDGE companies (A business assistance program for socially and economically disadvantaged business enterprises with the goal of Encouraging Diversity Growth and Equity in Ohio's marketplace. Certification through Ohio DAS) • Each investment up to $300K, $1.5M total per company

  6. Innovest • Ohio’s Premier Venture Capital Event • May 13 – 14, 2004, Cincinnati Westin • 30 companies present business plans • Companies are groomed by investment professionals & presentation coach • www.innovest.org

  7. Incentives for Tech Companieswww.connectohio.com/bus_resources/ • Ohio Job Creation Tax Credit (JCTC) • Create 25 jobs @ 150% of minimum wage or 10 jobs @ 400% • Net Worth Tax Exemption for High-Tech Start-up Companies • Exempts <3 year old Tech company from Corporate Franchise Tax www.state.oh.us/tax/Business.html

  8. Incentives for Tech Companieswww.connectohio.com/bus_resources/ • Research and Development Sales Tax Exemption • Unit Exemption Certificate www.state.oh.us/tax/business_forms_sales.html • Ohio Investment in Training Program • Provides financial assistance and technical resources for customized training involving employees of new and expanding Ohio businesses.

  9. Points of Contact • Fran Migliorino, Governor’s Region 8 Economic Development Office • 216-787-3240 fmigliorino@odod.state.oh.us • Brad Biggs, (Acting) Region 8 Business Development • 800-848-1300, 614-644-8201, bbiggs@odod.state.oh.us • Dennis Gaddis, Mgr. Technology Business Assistance • 800-848-1300, 614-466-3887, dgaddis@odod.state.oh.us

  10. What’s the truth about Government Grants?

  11. The truth is: Despite what Matthew Lesko’s advertisements suggest: • We know of no grants to individuals. • There are no State of Ohio business start-up grants. • There are very few State of Ohio grants to companies. • Federal grants are not free money! They are competitively awarded and require compliance to statements of work.

  12. How to Get the $$ Find: • the Person with the PROBLEM… • who has the MONEY to solve the problem… • and the MEANS with which to give YOU the money to solve the problem. Contract Or Grant

  13. Department of Defense • Defense Technical Information Center (DTIC) http://www.dtic.mil/dtic/dticorg/regional/mw_regional.html “The Rosetta Stone for dealing with the Defense Department” Debie Francis Midwestern Regional Office at DaytonATTN: DTIC-BPDBuilding 29, Area B, Room 1032245 Monahan WayWright-Patterson AFB, OH 45433-7022 Phone: (937) 255-7905 x 249FAX: (937) 656-7002 Email:dfrancis@dtic.milOffice hours: Monday-Friday 7:30 a.m. to 4:30 p.m. Eastern

  14. Advanced Technology Program (ATP) • National Institute of Standards and Technology (NIST) • RFP open Feb 13 – Apr 14, 2004 • Cost-shared funding for high-risk R&D • Individual and Industry-led joint projects • Important, path-breaking new technologies • $30M for new projects • www.atp.nist.gov

  15. SBIR Program Small Business Innovation Research • Federal Program established in 1982 • Eleven federal agencies participate • 2.5% of agency’s extramural R&D budget (over $100M) • FY 2003 funding $1.6 Billion • Reauthorized through 2008

  16. SBIR Participating Agencies • Department of Agriculture - $15.69M • Department of Commerce - $7M • Department of Defense - $773M • Department of Education - $8.7M • Department of Energy - $94M • Department of Health & Human Services - $482M • Department of Homeland Security - • Department of Transportation - $4M • Environmental Protection Agency - $8M • National Aeronautics & Space Administration - $102.9M • National Science Foundation - $77.6M *2005 – Dept of Justice & perhaps Interior & HUD New!!

  17. How SBIR/STTR Work • Agencies have mission needs and R&D $$ • Agencies issue solicitations • Small businesses submit 25 page proposals by solicitation closing dates • Agencies review proposals, select winning proposals and negotiate agreements within 6 months of the closing date • Small business awardees commence R&D efforts

  18. SBIR - Three Phase Process • Phase I – Feasibility/Proof of Concept • Generally 6 month effort • Up to $100K in SBIR funding • No more than 33% subcontracted • Phase II - Full R&D/Prototype • Generally 2 year effort • Up to $750K in SBIR funding • No more than 50% subcontracted • Phase III - Commercialization • No SBIR funding

  19. STTR Program • Small Business Technology Transfer – small business must collaborate with non-profit research institution • Phase I – Feasibility/Proof of Concept • 1 year effort • Up to $100K in STTR funding • No more than 30% subcontracted • Phase II - Full R&D/Prototype • 2 year effort • Up to $750K in STTR funding • Phase III - Commercialization • No STTR funding New!!

  20. STTR Program • Five participating agencies • Dept of Defense (separate solicitations) • Dept of Energy (combined solicitation) • Dept of Health and Human Services (combined solicitation) • NASA (combined solicitation) • National Science Foundation (combined solicitation)

  21. Where Ohio Stands in SBIR Awards • In 2002, Ohio ranked 6th in SBIR awards - 220 SBIR awards totaling $63.5M • 152 Phase I, 68 Phase II awards • Rankings : CA, MA, VA, MD, CO, OH, NY, PA, TX, NJ, WA, AZ, AL, FL, MN, MI, CT, NC, NM, NH, OR, IL, UT, WI, GA, TN, IN, DC, NV, MO, NT, SC, RI, IA, KS, OK, KY, ID, HI, LA, MS, WY, DE, ME, VT, SD, AR, NE, ND, WV, PR, AK

  22. Services offered by Ohio’s SBIR Outreach Program • One to one consultations targeted to the company’s needs • Regional workshops and conferences • www.odod.state.oh.us/tech/sbir • Proposal writing strategies and guidelines • Administrative proposal review • Post award support • Referrals to SBDC network, economic development • Ohio Research Commercialization Grant Program New!!

  23. Ohio Research Commercialization Grant Program • Grants to fund commercialization of SBIR, STTR and ATP projects. • $150K to $175K • IP, marketing, market analysis, business consulting, cost engineering, sourcing • Next RFP open Autumn 2004 • www.thirdfrontier.com

  24. Helpful Information • Small Business Innovation Research (SBIR) and Small Business Technology Transfer (STTR) • www.odod.state.oh.us/tech/sbir • SBIR Gateway: www.zyn.com/sbir • SBIR World: www.sbirworld.com • Grants.gov www.grants.gov • Grants Portal for Federal Agencies • State Science and Technology Institute • SSTI Weekly Digest – Subscribe www.ssti.org • SBIR Alert – Pacific Northwest National Laboratory • http://lyris.pnl.gov/cgi-bin/?enter=sbir-alert Topic Search

  25. Starting a business? • First Stop Business Connection 800-248-4040 or 614-466-4232 http://www.odod.state.oh.us/onestop/index.cfm • FREE business information kit will contain the basics a business must know and the state-level regulations and forms specifically required for the business.

  26. Small Business Development Center Program www.ohiosbdc.org Small Business Development Centers (SBDC) Manufacturing, Defense and Technology Small Business Development Centers (MSBDC) International Trade Assistance Centers (ITAC) Ohio Procurement Technical Assistance Centers (PTAC) Sources of Assistance

  27. Partnership of ODOD, U.S. SBA, Chambers of Commerce, Colleges, Universities, Edison Centers and Incubators (hosts) Certified Business Analysts Confidential in-depth counseling Business planning Financial Assessment Training Supports start-up and existing businesses Small Business Development Centers

  28. Northeast Ohio SBDC offices The Ohio SBDC at Lake County Economic Development Center Catherine C. Haworth, DirectorLake Erie College391 West Washington StreetPainesville, Ohio 44077 (440) 357-2290 Fax (440) 357-2296 Email: chaworth@lcedc.org The Ohio SBDC at Lorain County Chamber of Commerce Patrick McGowan-Doyle, Director6100 S. Broadway; Suite 201Lorain, Ohio 44053 (440) 233-6500 Fax (440) 246-4050Email: PMcGowan-Doyle@LorainCountyChamber.com.

  29. Northeast Ohio SBDC offices The Ohio SBDC at the Akron Industrial Incubator 526 S. Main Street, Suite C-11, Akron, Ohio 44311(330) 375-2111 The Ohio SBDC at Kent State University Kent-Portage Campus Linda Yost, Director, Kent Regional Business AllianceCollege of Business Administration, Summit & Terrace, Room 300AKent, Ohio 44242 (330) 672-1275 Ext. 254 Fax (330) 672-9338Email: lyost@bsa3.kent.edu The Ohio SBDC at Kent State University, Stark Campus Donald Schneck 6000 Frank Avenue, NW, Canton, Ohio 44720(330) 244-3296 Fax (330) 244-3340 Email:  dschneck@stark.kent.edu

  30. Partnership of U.S. SBA, Ohio SBDC Program, ODOD Technology Div, NIST Mfg Extension Center, hosts For manufacturing and technology businesses Information Resources Referrals Counseling Market opportunities Technology linkages Ohio’s MSBDC at Kent State University School of Technology Tom Southards, Director, (330) 672-2892 fax (330) 672-2894, email tsouthards@tech.kent.edu Manufacturing Small Business Development Centers

  31. Partnership of Ohio SBDC Program, ODOD International Trade Div, U.S. Dept of Commerce, hosts For businesses entering international marketplace Information Resources Referrals Counseling North Coast ITAC Lake County Development Center, David Simerly, Director (440) 357-2290 x29, fax (440) 357-2296, email itac@lcedc.org International Trade Assistance Centers

  32. Partnership of Ohio SBDC Program, ODOD Office of Minority Affairs, U.S. Defense Logistics Agency, hosts For businesses selling goods/services to local, state and federal government Marketing and procurement information Technical and quality assurance counseling Bid matching services Product and procurement histories Military specifications and trade events PTAC of Ohio at Cleveland Community Improvement Corporation of Lake County, Bob Fenn, Director, (440) 357-2290 x30, fax (440) 357-2296, email bobfenn@lcedc.org PTAC of Ohio at KRBA, Inc Kent State University, Keith Tarbett, Director, (330) 672-9448 fax (330) 672-9338, email ktarbett@bsa3.kent.edu Ohio Procurement Technical Assistance Centers

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