Assoc. Prof. Dr. Ahmet Yozgatlgil ODT Growth Circuit : A Unique - - PowerPoint PPT Presentation

• 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

Ozan Sönmez Managing Director Rohit Chhetri Community Manager Ömer Nurlu Investment Advisor Beliz Bediz Sinan Investment Coordinator Toygun Tuncer Co-working Manager İlknur İlkyaz Gül General Manager Ahmet Yozgatlıgil Board Chairman

TEAM

GROWTH CIRCUIT VENTURES

Fund Name Growth Circuit Ventures (Teknokent Girişim Destek ve Yatırım A.Ş. Target Size 1st closing held Dec’17 ($1.5M) 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 GC Value Add Continuous Mentorship by Experienced Team on Product, 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

Equity ODTU TEKNOKENT & KOSGEB Corporate and Individual Investors

ODTU TEKNOKENT’s direct financial contribution and 3.7 M USD operating capital from KOSGEB in addition to the dealflow structures. 2M USD Fund for early stage startups

GROWTH CIRCUIT VENTURES

DEAL FLOW FOR TURKISH ECOSYSTEM LAST 5 YEARS

Seed & Startup

Series A Series B Series C Growth Capital USD 250K – 2M USD 2M- 5M > USD 10M < USD 250k USD 5M – 10M

4

WHERE WE LOCATED?

Seed & Startup Series A Series B Series C Growth Capital

Ticket size (~ ¼ of U.S.)

USD 250K – 2M USD 2M- 5M > USD 10M < USD 250k USD 5M – 10M

FY’18 & FY’19 Investment Plan

500

companies enter our system

15

Term sheets Investment Committee Internal Pass

350

will 1st and 2nd Pitch

200

Get in screen

40

Fact Sheets

10

investments

DD

Investment Committee

İlknur İlkyaz Gül Elbruz Yılmaz Melih Ödemiş Fırat İşbecer Hürsel Kendir

GROWTH CIRCUIT VENTURES

GROWTH CIRCUIT VENTURES

• 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

FIRST INTERNATIONAL INCUBATOR

Founding Institution Supporting Institution Partners

GROWTH CIRCUIT GLOBAL ACCELERATOR

KOSGEB International Incubation Center Establishment Program

Program Duration 5 Years Support Upper Limit Organization and Hardware Support 100.000 USD Operational Expense Support 3.750.000 USD Support Rate 1st and 2nd years %80, 3rd, 4th and 5th years %60

GROWTH CIRCUIT GLOBAL ACCELERATOR

Think Global Scale Global Born Global Labs Out

Idea Stage Early Stage Pre/Post -Money IP Focused Acceleration programs for each stage of startups

GROWTH CIRCUIT GLOBAL ACCELERATOR

ACCELERATOR FUNDING SYSTEM

• 1K USD for Idea Stage Startups
• 4K USD for Product Stage Startups

1st Stage

• 21K USD for Startups selected for USA

2nd Stage

Conversation based language learning platform Marketplace for bakeries where customers can

• rder bakery

products and custom cakes by using 3d design editor. BIC Investment with 1.5M TL valuation Online communication and scheduling platform for sport venues and their clients. Customer loyalty and marketing platform for retail businesses that value data- driven growth. Seyisco creates unique Smart Governance, Smart Mobility and Smart Infrastructure solutions. Website monitoring platform leveraging serverless

• infrastructure. It

check if your website is up and notify you if anything goes wrong.

PORTFOLIO – 2017 BATCH

Personalized AI tool for FOREX trades that increases traders profit using AI trained with historical transactions and results

• f traders.

Blockchain solutions to help electricity distribution companies manage the remuneration

• f small scale

electric producers on their grid with P2P payment technology. Gatepay is an instant payment gateway for daily cryptocurrency usage. Mixoper is a customer service tool,based

• n

augmented reality technology. Produces the next generation food from edible insect. Publins helps brands reinvent their businesses with AI powered tools. Sensgreen provides energy and time saving solutions for commercial real estates by

• ptimizing

various use cases with data driven models and advanced sensors. Web based video making automation system that helps people to make professional videos without knowing any designer skills. AI-based legal assistant for law firms to automate legal tasks and bolster human intelligence using deep learning technology.

PORTFOLIO – 2018 BATCH

• 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

• 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
• r is not commercially viable in any format.
• Increased collaboration by universities in the region around commercialization activities.

LABS OUT - Outcomes

• 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
• r 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 – Participants and Eligibility

Program Partners

Mark Searle Managing Director UC Berkeley Innovation Acceleration Group Elizabeth Saunders Program Director UC Berkeley Innovation Acceleration Group Ozan Sönmez Managing Director Growth Circuit San Francisco

LABS OUT - Program

Phases Program Bootcamp @ODTU (3 Days)

Team presentations Business model design & customer development Product market fit: value proposition + customer segments Customer interviews Customer developer: customers, users, and payers

Online Mentoring ( 5 Weeks)

Team presentations and teacher comments Lecture discussion: Distribution channels, Customer relationships, Revenue model

Bootcamp @ODTU (2 Days)

Final presentations Lecture discussion: Metrics that matter, Key resources and costs Storytelling, pitching, raising Money, Investment readiness, Team dynamics review

Bootcamp @Berkeley 5 Days

Investment presentations 1-1 Mentoring sessions Lectures: Being effective at receiving mentoring, Intellectual property law, Team dynamics and recruiting, Fundraising, Financial modelling

LABS OUT - Program

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

LABS OUT - Teams