Navigation Links
Experts Agree. Ohio's Technology Investment Future Looks Bright
Date:9/25/2007

COLUMBUS, Ohio, Sept. 25 /PRNewswire/ -- Experts in health care and technology investment discussed objectives, obstacles and opportunities for health care and technology-based economic growth in Ohio today at the Ohio Capital Fund's Annual Seed & Early Stage Summit. These experts will help shape Ohio's future as it rebounds from recent economic challenges.

"The economic environment for the State of Ohio is changing," said Paul Cohn Vice President and Regional Director of the fund. "We are tapping our state's rich history of innovation to fuel the ideas of tomorrow. The Ohio Capital Fund is investing in venture capital funds that have committed to invest into Ohio's greatest innovators, helping to build the State's 21st century entrepreneurial economy."

"Venture capital investments bridge a critical gap in the funding continuum for emerging industries across the state," said Lt. Governor Lee Fisher, who also serves as Director of the Ohio Department of Development. "By encouraging private investment to industries in the early stages of development, the Ohio Capital Fund provides Ohio companies with a distinct, competitive advantage not found in other states. These investments result in more jobs and a stronger economy for all Ohioans."

S. Michael Camp of the Ohio State University's Fisher College of Business discussed the status of venture capital in Ohio. He cited a study conducted by the university stating "There has been a tremendous amount of company formation in the seed and early stages over the past three years. These emerging companies need ever increasing amounts of capital to fuel their growth. Ohio is working to address their needs through programs like the Third Frontier and The Ohio Capital Fund. It's exciting to see the growth in entrepreneurship in Ohio and what that means to Ohio's future."

The summit also included panel discussions that featured Ohio technology company CEOs and Health-science venture capital investors.

About the Ohio Capital Fund

The Ohio Capital Fund is a fund of funds. It was established by the State of Ohio to help increase private investment in Ohio companies in the early stage of business development. The Ohio Capital Fund invests in venture capital funds that are committed to invest in Ohio early-stage companies to spur Ohio business growth. Oversight of the Ohio Capital Fund is through the Ohio Department of Development and it is managed by Buckeye Venture Partners, a joint venture between Fort Washington Investment Advisors, Inc. of Cincinnati and Peppertree Partners, LLC of Cleveland.

The Ohio Capital Fund Seed & Early Stage Summit III

Ohio Venture Capital Overview

S. Michael Camp, Ph.D.

The Center for Entrepreneurship

The Ohio State University, Fisher College of Business

September 25, 2007

- Core definitions include:

* "Seed Stage Investment" includes: startup, non-VC seed, seed,

individual, angel `and TITC funding

* "Early Stage Investment" includes: first round or early funding

* "Growth Stage Investment" includes: expansion, growth, "later

stage" including explicitly recorded 2nd, 3rd, 4th, 5th and later

rounds of funding

- Seed level funding is accelerating in Ohio suggesting a surge in new

deal flow.

- 124 companies have received Ohio seed and early stage investment from

2002-2006. And more than $121 million has been invested.

- 39% of the dollars invested have been in IT, Communications and

software; 21% in medical devices; 15% in Bio-Pharmaceuticals; 10% in

Healthcare IT and Services; 8% in Business and Consumer Services and $7

in Advanced Materials.

- 4 to 6 year lag from lab to market suggests a pending acceleration in

ideas and deals in Ohio (which is typical).

- Ohio's seed level funding needs in next 5 years could easily exceed

$330 million.

- To take surviving new seed companies through growth in 5-7 years could

easily exceed $2.1 billion.

- For every $1 in seed funding surviving ventures will require an

additional $7 to succeed.

- The rate of investment in Ohio by Funds from outside Ohio is increasing

because of a less competitive climate, better access to unique

technologies and talents, and an increase in qualified deals through

angels.

Full 21 page PowerPoint presentation from Dr. Camp is available.


'/>"/>
SOURCE Ohio Capital Fund
Copyright©2007 PR Newswire.
All rights reserved

Related medicine news :

1. Smoking a greater risk than HIV? Yes say health experts!!!!
2. Good carb, bad carb? Experts debate.
3. Serevent, to be examined by experts due to deaths associated with its use
4. Spread Of Rocky Mountain Spotted Fever Is A Probability, Say Experts
5. Experts Recommend Preventive Measures For Avian Flu To Begin From Farms
6. Experts Insist That Neonatal Herpes Be Reported Regularly
7. Experts State Strategies To Increase Good Cholesterol
8. Speed up bird flu vaccine, Bush tells experts
9. Tennis elbow not new among cricketers, say experts
10. Cancer Can Recur Any Time, Experts Caution
11. Experts Building Bird Flu Warning System
Post Your Comments:
*Name:
*Comment:
*Email:
(Date:6/26/2016)... ... June 26, 2016 , ... PawPaws brand pet supplements owned by ... to enhance the health of felines. The formula is all-natural and is made from ... the PawPaws Cat Kidney Support Supplement Soft Chews are Astragalus Root Extract ...
(Date:6/25/2016)... ... ... Austin residents seeking Mohs surgery services, can now turn to Dr. Jessica ... Peckham for medical and surgical dermatology. , Dr. Dorsey brings specialization to include Mohs ... Mohs Micrographic Surgery completed by Dr. Dorsey was under the direction of Glenn Goldstein, ...
(Date:6/25/2016)... ... , ... As a lifelong Southern Californian, Dr. Omkar Marathe earned his Bachelors ... Geffen School of Medicine at UCLA. He trained in Internal Medicine at Scripps Green ... hematology/oncology at the UCLA-Olive View-Cedars Sinai program where he had the opportunity to train ...
(Date:6/24/2016)... ... June 24, 2016 , ... A recent article ... are unfamiliar with. The article goes on to state that individuals are now more ... these less common operations such as calf and cheek reduction. The Los Angeles area ...
(Date:6/24/2016)... ... June 24, 2016 , ... ... Scientific Sessions in Dallas that it will receive two significant new grants to ... came as PHA marked its 25th anniversary by recognizing patients, medical professionals and ...
Breaking Medicine News(10 mins):
(Date:6/24/2016)... OAKLAND, N.J. , June 24, 2016 /PRNewswire/ ... in the design, development and manufacturing of collagen ... and regeneration announced today that Bill Messer ... Sales and Marketing to further leverage the growing ... surgery medical devices. Bill joins the ...
(Date:6/24/2016)... June 24, 2016   Bay Area Lyme ... Dean Center for Tick Borne Illness , ... Rehabilitation, MIT Hacking Medicine, University of California, Berkeley, ... announced the five finalists of Lyme Innovation ... More than 100 scientists, clinicians, researchers, entrepreneurs, and ...
(Date:6/24/2016)... 2016 Research and Markets ... Electronics 2015-2025: Applications, Technologies, Forecasts" report to ... In-Mold Electronics, Smart Skin, Structural Health Monitoring, Composite ... Structural electronics involves electronic and/or electrical components and ... dumb structures such as vehicle bodies or conformally ...
Breaking Medicine Technology: