Assoc. Prof. Dr. Ahmet Yozgatlıgil ODTÜ Growth Circuit : A Unique Model For a Technology Fund
San Francisco focused global acceleration programs for all levels of technology companies San Francisco coworking space Early stage investment to technology startups Co-working space at ODTU BILIM
TEAM Ahmet Yozgatlıgil İ lknur İ lkyaz Gül Board Chairman General Manager Ozan Sönmez Ömer Nurlu Rohit Chhetri Beliz Bediz Sinan Toygun Tuncer Managing Director Investment Advisor Community Manager Investment Coordinator Co-working Manager
GROWTH CIRCUIT VENTURES Fund Name Growth Circuit Ventures (Teknokent Girişim Destek ve Yatırım A.Ş. 1st closing held Dec’17 ($1.5M) Target Size 2nd closing will be Aug’18 (+$0.5M, $2.0M total) 3rd closing will Jun’19 (+$2M, $4.0M total) Stage Focus Late Seed, Startups, Early Series A Ticket Size USD 25k to 250k Target # of Investments 10 companies with or without follow-on investments Continuous Mentorship by Experienced Team on Product, GC Value Add Commercialization, Corporate Transformation, Extensive Executive & Professional Network, Global Expansion Potential Exit Routes Strategic Acquisition by Local & Global Corporates, Private Equities Fund Administration BTS- legal structuring, Ankara-Vienna-London Team
GROWTH CIRCUIT VENTURES Equity Corporate and Individual ODTU TEKNOKENT & KOSGEB Investors ODTU TEKNOKENT’s direct financial 2M USD Fund contribution and 3.7 M USD operating for early stage startups capital from KOSGEB in addition to the dealflow structures.
DEAL FLOW FOR TURKISH ECOSYSTEM LAST 5 YEARS Seed & Growth Series C Series A Series B Startup Capital USD 5M – 10M < USD 250k USD 250K – 2M USD 2M- 5M > USD 10M 4
WHERE WE LOCATED? Seed & Growth Series Series Series Startup Capital A B C Ticket size > USD 10M USD 250K – 2M USD 2M- 5M USD 5M – 10M < USD 250k (~ ¼ of U.S.)
FY’18 & FY’19 Investment Plan Investment Internal Pass Committee 500 350 companies 200 15 40 10 enter our will 1st DD system Get in and 2nd Term sheets Fact Sheets investments screen Pitch
Investment Committee Hürsel Kendir Elbruz Yılmaz İ lknur İ lkyaz Gül Fırat İş becer Melih Ödemi ş
GROWTH CIRCUIT VENTURES
GROWTH CIRCUIT VENTURES
FIRST INTERNATIONAL INCUBATOR 2014 San Francisco Acceleration Center, T-Jump Office � 2018 T-Jump Office name was changed as Growth Circuit � Office space for 16 startups @ � The Turkish Startup region is guided in the Silicon Valley � Contribution to the network development of Turkish � entrepreneurs Promotion of Turkish Startup environment in SF � ecosystem with constantly organized activities at Growth Circuit
GROWTH CIRCUIT GLOBAL ACCELERATOR Founding Institution Supporting Institution Partners
GROWTH CIRCUIT GLOBAL ACCELERATOR KOSGEB International Incubation Center Establishment Program Program Duration 5 Years Support Organization and Hardware Support 100.000 USD Upper Limit Operational Expense Support 3.750.000 USD Support Rate 1st and 2nd years %80, 3rd, 4th and 5th years %60
GROWTH CIRCUIT GLOBAL ACCELERATOR Acceleration programs for each stage of startups IP Focused Idea Stage Early Stage Pre/Post -Money Think Global Labs Out Scale Global Born Global
ACCELERATOR FUNDING SYSTEM 1 st Stage • 1K USD for Idea Stage Startups • 4K USD for Product Stage Startups 2 nd Stage • 21K USD for Startups selected for USA
PORTFOLIO – 2017 BATCH Conversation Marketplace Online Customer Seyisco creates Website based for bakeries communication loyalty and unique Smart monitoring language where and scheduling marketing Governance, platform learning customers can platform for platform for Smart Mobility leveraging platform order bakery sport venues retail and Smart serverless products and and their businesses that Infrastructure infrastructure. It custom cakes clients. value data- solutions. check if your by using 3d driven growth. website is up design editor. and notify you if anything BIC goes wrong. Investment with 1.5M TL valuation
PORTFOLIO – 2018 BATCH Blockchain Produces Publins Web based Personalized Gatepay is an Mixoper is a Sensgreen AI-based solutions to the next helps video AI tool for instant customer provides legal help generation brands making FOREX payment service energy and assistant for electricity food from reinvent automation trades that gateway for tool,based time saving law firms to distribution edible their system that increases daily on solutions automate companies insect. businesses helps people traders cryptocurrency augmented for legal tasks manage the with AI to make profit using usage. reality commercial and bolster remuneration powered professional AI trained technology. real estates human of small scale tools. videos with by intelligence electric without historical optimizing using deep producers on knowing any transactions various use learning their grid designer and results cases with technology. with P2P skills. of traders. data driven payment models and technology. advanced sensors.
LABS OUT Research based (intellectual property focused) startup accelerator � Objective: Help identify, develop, and speed up the commercialization of university- � based intellectual property through commercialization by licensing the technology to the new startups established by the inventors. Labs Out is not offering to replace technology transfer and commercialization � activities that exist in the university but rather wants to complement it. It is designed to help the university to increase the number of intellectual property- � based startups while working in parallel and in collaboration with existing support structures.
LABS OUT - Outcomes Adaptation of the Lean Startup and IP development approaches � The creation of in-depth business models and advanced commercialization planning for � their technologies Potential identification of targets for university licenses to commercial interests � Supporting information for grant proposals or venture funding � Personal development of entrepreneurial skills for academics � It may also be an outcome that this technology is either not ready for commercialization � or is not commercially viable in any format. Increased collaboration by universities in the region around commercialization activities. �
LABS OUT – Participants and Eligibility Invite-only program for academics who wish to investigate the potential of their � technology and build a IP Based Startup based on their research. It is suggested that the teams have at least completed an invention disclosure and � preferable that a full patent or a provisional patent (or a prior art study) has already been issued, or that some form of protection is being prepared. It is a team-based activity therefore teams of two or more people who are the inventors � or agreed students, postdocs who are working on the commercialization of the technology, should attend. The program is suitable for teams, inventors, academics, students who are working on a � technology that is passed TRL4/5.
LABS OUT - Program Program Partners Mark Searle Elizabeth Saunders Ozan Sönmez Managing Director Program Director Managing Director UC Berkeley Innovation Acceleration Group UC Berkeley Innovation Acceleration Group Growth Circuit San Francisco
LABS OUT - Program Phases Program Team presentations Business model design & customer development Bootcamp @ODTU Product market fit: value proposition + customer segments (3 Days) Customer interviews Customer developer: customers, users, and payers Team presentations and teacher comments Online Mentoring Lecture discussion: Distribution channels, Customer relationships, ( 5 Weeks) Revenue model Final presentations Bootcamp @ODTU Lecture discussion: Metrics that matter, Key resources and costs (2 Days) Storytelling, pitching, raising Money, Investment readiness, Team dynamics review Investment presentations Bootcamp @Berkeley 1-1 Mentoring sessions 5 Days Lectures: Being effective at receiving mentoring, Intellectual property law, Team dynamics and recruiting, Fundraising, Financial modelling
LABS OUT - Teams Realization of advanced drugs for targeted non-invasive cancer treatment. A new IR detector and an IR imaging method based on mechanical vibrations of micro plates. Virtual Reality Exposure Therapy System for the treatment of the social anxiety disorder namely social phobia.
LABS OUT - Teams Nanotechnology based high performance heaters for wearable equipment. ZeoTR converts natural rocks and waste byproducts into nature compatible, eco-friendly and tailored zeolites in a cost effective, well designed and application based approach. Develops robust technology to fabricate multifunctional particles
LABS OUT - Teams Andre Marquis Berkeley Exec. Education UC Berkeley
LABS OUT - Teams Labsout Teams @ San Francisco Rocket Space Foreign Startups Event
Recommend
More recommend
