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
- 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
|SOURCE Ohio Capital Fund|
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