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Massachusetts Technology Development Corporation

Massachusetts Technology Development Corporation. Bob Crowley President September 22, 2010. Introduction to MTDC. Who We Are. Primary Objectives. Quasi-public corporation chartered in 1978 to provide venture capital to start-up and early-stage MA-based technology companies.

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Massachusetts Technology Development Corporation

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  1. Massachusetts TechnologyDevelopment Corporation Bob Crowley President September 22, 2010

  2. Introduction to MTDC Who We Are Primary Objectives Quasi-public corporation chartered in 1978 to provide venture capital to start-up and early-stage MA-based technology companies. Evergreen investment fund. Investment team of 4 experienced investors. Governed by a Board of Directors all of whom are appointed by the Governor. Help create employment in MA through the investment of capital & expertise in MA based companies with potential for high growth. Target technologies, regions and companies that aren't adequately served by private investors. Complement, not compete with the private venture and angel investors – leverage MTDC dollars with private capital.

  3. MTDC’s Role in Venture Capital • Address the “Capital Gap” for start-up and expansion of early-stage technology companies • Vacuum exists for companies seeking to raise $2-4mm Series A rounds • Likely too small for traditional VC fund but may be too large for Angel investors • The management team may not have IPO or large M&A experience • The CEO may be a first-time CEO • The company’s industry is out of vogue with most VCs (i.e. Harvest Automation)

  4. Investment Profile Sector Coverage Typical Investment Size: $250K - $500K in Series A round of ~$1mm – $4mm Total investment ~$2mm over time Criteria: Strong management teams Address critical market need Large market opportunity Differentiated solution Attractive exit opportunities Invest broadly across technology sectors: Software Industrial Automation Internet & Digital Media Healthcare IT Green Technology

  5. Portfolio Companies

  6. Our Value-Add • Address the “Capital Gap” • Engaged, patient investment staff • Well connected in the venture capital, financial, government, industrial, and academic communities • Experience working as a team enables us to provide strong, creative, and stable investment management leadership • Successful track record attracting co-investors • Actively investing

  7. Q&A Contact Information: Bob Crowley President, MTDC 40 Broad Street, Suite 230 Boston, MA 02109 Direct Phone: 617-226-2833 Email: rcrowley@mtdc.com

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