Hawaii Strategic Development Corporation (HSDC), High Technology - PowerPoint PPT Presentation

Hawaii Strategic Development Corporation (HSDC), High Technology Development Corporation (HTDC) and Enterprise Honolulu December16, 2010

JumpStart’s Mission JumpStart’s mission is to increase the economic impact and sustainability of Northeast Ohio’s entrepreneurial ecosystem, while leveraging our experience and expertise to catalyze entrepreneurship nationally.

JumpStart’s History • Case Western • JumpStart is • JumpStart • JumpStart’s • IdeaCrossing • Expand direct • JumpStart’s Reserve launched receives portfolio launches services for portfolio University and and makes its second reaches 23 (online entrepreneurs achieves its NorTech first grant from invest- community with focus on 75th announce investments Ohio Third ments in resource expansion of investment collaboration in 5 Frontier 19 co.’s focused on support for in its 53rd in creation of companies helping earlier-stage company a new entre- & diverse • JumpStart • Expand organization preneurs find entrepre- receives first focus to to support business neurs Ohio Third managing Northeast assistance Frontier entre- Ohio’s and grant preneurial entrepreneurs investment ecosystem capital • Expand advisory services to regions outside Ohio

Two robust programs to support regional entrepreneurs directly Guides innovative, early- Provides targeted resources stage Northeast Ohio and investment capital to companies towards high-growth, early-stage creating wealth by minority, women, and inner- providing seed capital, city based business through experienced advisors and an integrated network of a network of vital regional stakeholders. resources. Associated NEO Investment Funds: North Coast Angel, Innovation Fund, North Coast Opportunities, Glengary LLC, Em erging Market, Euclid Ventures 4

Kevin Berner Logos Energy • One of BusinessWeek ’s “World’s 25 Most Intriguing Companies” • #70 of top 1,400 biofuel companies • Secures JumpStart funding • Raises significant additional angel and grant capital • 42 employees • Pilot plant in Hawaii 2005 - 2007 - 2006 2010 Projected growth path 5

Claude Kennard MAR System s • Claude, in partnership with the Environmental Protection Agency, identifies the media materials and their features • Receives investment from JumpStart Ventures • Further develops solution (customized “media” mixes” ) • Raises VC Round of capital • Moves into commercial pilot MAR System s has com m ercialized a patented solution to cleanse industrial 2005 - 2007- 2009 - w aste w ater stream s of harm ful 2006 2008 2010 contam inants, such as m ercury and arsenic. Projected growth path

Impact of First 5 Years 50 portfolio com panies Com m unity engagem ent • Over 4 50 jobs • 35,0 0 0 + community • $245MM in capital members raised • 8 7,750 hours of free 20 0 8 50 9 • Received 250+ patents assistance $75.7M • Regional and national • Approached by 8 ,30 7 recognition entrepreneurs 346 • Received 2, 317 business 502 346 30 8 plans Econom ic im pact 308 • $267MM in econom ic Inclusion focus • Assisted 48 client im pact in 2006-2009 20 0 6 $42.8 M companies that hold 15 • Generated $12.1 MM in patents taxes in 2009, $3MM • $24MM in capital raised over entire budget • Created 8 11 jobs • Launched JumpStart Launch100 initiative 7

Increasing JumpStart’s Northeast Ohio Collaborative Role • The JumpStart Entrepreneurial Network – Providing day-to-day operational leadership to all Ohio Third Frontier supported ESP (Entrepreneurial Signature Program) initiatives in NEO – Connecting collaborators across NEO that are not part of the ESP to each other including higher educational institutions, public and private sector partners, investors, individual experts 8

Members of the JumpStart Entrepreneurial Network

National Recognition & Media Coverage 2010 & 2009 SSTI Excellence in Technology-Based Economic Development “ Jum pStart’s success dem onstrates that w ell-executed capital initiatives can help catalyzes entrepreneurship.” – SSTI President & CEO, Dan Berglund 2009 EDA Excellence in Development “ Jum pStart Inc. represents the best and brightest in 21 st century econom ic developm ent.” – Commerce Secretary Gary Locke June 2009 ‘Charities Work to Lure Start-Up ‘Venture Investing with a How Cleveland, Ohio, is becoming… Businesses to Cleveland’ Mission Beyond Profit’ A City For Entrepreneurs May 2009 July 2008 Novem ber 2009 10

Newest program is to help increase entrepreneurship in other U.S. regions Engages with regions across the U.S. who desire to develop, fund and execute regional entrepreneurial action plans that will lead to the creation of a high-performance entrepreneurial ecosystem. Communities: Minnesota, Indiana, Michigan, New York, Ohio

Our Work in Other Regions Regional Entrepreneurship Action Plan ( REAP) • Development: Form an advisory group of regional commercial and community leaders • Resources: Engage with local, regional, state and national organizations who desire to support the implementation of the REAP • Implementation: Work with the regional partners and collaborators to put in place the capabilities identified in the REAP

JumpStart is a P4: Public/ Private/ Philanthropic Partnership 13

Public/ private/ philanthropic partners have contributed almost $60 million to JumpStart 14

Allocation of resources through FY 2010

Questions? Contact Information: Ray Leach CEO, Jum pStart Inc. 216.363.3400 Ray.leach@jumpstartinc.org www.jumpstartinc.org