Growing Oklahomas Entrepreneurial Economy December 16 th and 17 th - - PowerPoint PPT Presentation
Growing Oklahomas Entrepreneurial Economy December 16 th and 17 th - - PowerPoint PPT Presentation
Growing Oklahomas Entrepreneurial Economy December 16 th and 17 th 2010 Mission Home grown economic development by nurturing the growth of advanced technology companies in Oklahoma by providing Business & Advisory Services, Access to
Mission
Home grown economic development by nurturing the growth of advanced technology companies in Oklahoma… by providing Business & Advisory Services, Access to Capital, and Entrepreneurial Development
Energy & Environmental IT/Software Life Sciences Advanced Materials Other
About i2E
Legal Description: Private not for profit For Profit Subsidiaries Service Area: Oklahoma Formed: 1998 Staff: 17 Board of Directors: 26 Oklahoma leaders: business, academic and government
Community Impact
- 30% job growth rate 2007‐2010
- Nearly $200 million in annualized revenues
- $65,000 average annual wage
- 350 new products and services
i2E Financials
$2,901,148
National Certification
Team Expertise
Our Focus
To support the needs of entrepreneurs and researchers and advance Oklahoma’s technology-based entrepreneurial economy through our Business & Advisory Services, Access to Capital, and Entrepreneurial Development
The Capital Lifecycle
SEED START‐UP EARLY PROOF –OF‐CONCEPT
IDEA PROFIT TIME
BREAK EVEN GROWTH MATURITY
…a catalyst for growth by providing Business & Advisory expertise.
Staged Approach
…growing companies and investment resources through targeted Access to Capital initiatives.
SeedStep Angels
- 101 Companies
- 70% Survive
- 38% Financed by paybacks
- $9.5MM Leveraged $250MM
in private investment
- 14 Rounds
- 7 Companies
- $4MM Leveraged $18MM
in private investment
- Growing group
- Closed 3 Deals
- Targets group in 400 mile driving radius
…increasing the capacity of start‐ups through Entrepreneurial Development.
- 115 Direct Investments
- Leveraged $400M in private
investment
- 150 Entrepreneurs Supported Annually
- 300 College Students Reached Annually
- 10 Fellowships
- 90% of all VC deals last 10 years
Service Results
Success Stories
SOUTHWEST NANO TECHNOLOGIES AMETHYST RESEARH, INC. SELEXYS PHARMCEUTICAL;S