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How The Health-Tech Corridor Can Help Your Startup
Grow: Info-Session & Happy
HourOctober 19, 2016
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Our MissionJumpStart
unlocks the full potential of diverse and ambitious
entrepreneurs to economically
transform entire communities.
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Today’s Speakers
Project ManagerHealth Tech Corridor
Michael LalichSenior Partner,
InvestingJumpStart Inc.
Rem HarrisCEO-In-Residence
BioEnterprise
William Fuller
Michael Lalich, Project Manager
A destination for health-tech companies to begin & grow.
A destination for health-tech companies to begin & grow.
Why?
Four health-care and clinical research institutions.
Four higher education institutions.
Well over a dozen incubators, accelerators, lab & maker spaces.
The RTA HealthLine.
100 gig fiber.
50k+ stud
ents
80k+ med
ical
& te
chni
cal p
erso
nnel
Entr
epre
neur
Sup
port
N
etw
ork
inve
stm
ent &
at
trac
tion
fund
$100-300k$1B marketExit potential
180+ high
- & h
ealth
-tech
com
pani
es
500k+ sf new
/reno
vate
d of
fice
spac
e
$4B+ real
est
ate
inve
stm
ent
Com
mun
ity B
uild
ing
Plac
emak
ing
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The HTC Fund
73
Portfolio Companies
Capital Deployed
Revenue Generated
Jobs Created Retained Induced
Investment Returns
Why We InvestJumpStart was founded to
make early-stage investments in tech startups in growing industries in order to evolve
the economy in NEO by replacing jobs that have been
in decline.
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$33.2M
$539M
4,740
$12.3M
Follow-On Capital Raised
$702M
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$10M seed capital fund $10M seed capital
fund$20M investment
fund
75Evergreen Fund Investment Criteria• Experienced leadership team
• Sustainable competitive advantage
• Large ($1B) addressable market
• Capital efficient business models
• Software applications for business, healthcare and medical technologies
• Exit potential
Evergreen Fund
$8M
HTC Fund
$2M
Why the Health-Tech Corridor if you’re a life science company?William Fuller, CEO-in-ResidenceBioEnterprise
Cleveland’s Advantage
World-renown clinical and research institutions
Top-ranked hospitals Top 15 in biomedical engineering
Large and rapidly growing biomedical industry
> 700 biomedical companies > 20,000 industry professionals $285 million in NIH funding
(2015) > $2 billion raised by NEO
biomedical companies since 2003
Local Infrastructure
With more than 700 bioscience companies in NE Ohio you are covered from design to legal Product design & development (Smart
Shape, NS) Testing (ORL, NAMSA) Clinical Research Organizations Manufacturing (Astro, Valtronic, Parker) Regulatory support Legal and Financial
Talent Pool & Cost of Living
Educational Institutions and Workforce Northeast Ohio is home to 25 universities 18,000 graduates in biosciences from area
universities
Cost of Living Forbes ranked
Cleveland No. 7 – highest income when adjusted for cost of living (Nov. 2015)
As high as 20% below national average
State and Local Government Programs
BioEnterprise can help navigate your company through the various programsOhio Third Frontier – Research and Development Funding $2.3 billion initiative available to fund technology
developmentJobsOhio – Business Attraction Funding Tax Incentives Workforce training funding Construction and equipment low-interest loansCounty and Municipality Job creation and site buildout/development incentives
Investor Network
Northeast Ohio has a vast network of investors covering the spectrum of early to late stage funding 6 seed funds 6 Angel funds and networks
27 Ohio-based investment funds
88 national investors in Cleveland companies
BioEnterprise
We provide Access to bioscience venture capital,
private equity and grant funding opportunities
Experienced bioscience management guidance
Relationships with world-class research and clinical institutions
A network of technical services, equipment, professional service providers, and flexible development space
Strategic marketing and communications guidance
Assisted 350+ companies>$2B in Venture Capital Funding540+ Tech Transfer Deals
www.healthtechcorridor.com/ www.bioenterprise.com/
Thank YouPlease return your surveys to the registration table
www.jumpstartinc.org
