OSAGE UNIVERSITY PARTNERS OVERVIEW March 2014 University Innovatjon, Realized. Contact Us 50 Monument Rd, 201, Bala Cynwyd, PA 19004 +1.484.434.2255 • info@osagepartners.com CONFIDENTIAL & PROPRIETARY
Osage University Partners Fund I Overview -- $100 M UNIQUE VENTURE FUND THAT PARTNERS WITH UNIVERSITIES TO INVEST IN THEIR SPIN-OUTS BY EXERCISING THEIR PARTICIPATION RIGHTS • Osage invests in early, middle, and late stage university spinouts across all technology sectors PARTNER UNIVERSITIES SHARE IN OSAGE PROFIT AND BENEFIT FROM SIGNIFICANT SUPPORT IN LAUNCHING AND PROMOTING START-UPS • Osage provides programmatc help to TLOs and their start-ups to promote funding, hiring, strategic partnerships, and more • Osage holds in person University Summits with partner universites to share best practces • Osages shares proprietary data with partners re licensing database, fjnancing trends, and more OSAGE HAS GROWN TO 65+ PARTNER INSTITUTIONS IN FOUR YEARS OUP I HAS A STRONG PORTFOLIO WITH MULTIPLE EARLY EXITS • 31 investments; 3 early IPOs, 1 M&A event ($300 million+ acquisiton price), and many more companies maturing towards an exit 2 CONFIDENTIAL & PROPRIETARY
Partjcipatjon Rights Are the Key Partcipaton Rights provide shareholders a fair mechanism to protect against diluton by allowing them to invest in future fjnancing rounds Partcipaton Rights are not free: investors put up capital at the same tme, price, and terms as others in the fjnancing round University Partcipaton Rights provide access to a small percentage of a fjnancing so the rights do not interfere with a company’s fjnancing plan Partcipaton Rights can provide access into compettve fjnancing rounds Partcipaton Rights remain actve through all future rounds, even if not exercised 3 CONFIDENTIAL & PROPRIETARY
Partjcipatjon Rights (to be included in licenses) PARTICIPATION RIGHTS If the Company proposes to sell any equity securites or securites that are convertble into equity securites of the Company, then the University and/or its Assignee (as defjned below) will have the right to purchase up to 10% of the securites issued in each ofering on the same terms and conditons as are ofered to the other purchasers in each such fjnancing. Company shall provide thirty days advanced writen notce of each such fjnancing, including reasonable detail regarding the terms and purchasers in the fjnancing. The term “Assignee” means (a) any entty to which the University’s partcipaton rights under this secton have been assigned either by the University or another entty, or (b) any entty that is controlled by the University. This paragraph shall survive the terminaton of this agreement. 4 CONFIDENTIAL & PROPRIETARY
Investment Focus ALL STAGES OF NEW VENTURES Seed Early Mature $100,000 to $250,000 $500,000 to $2,000,000 $2,000,000 and $5,000,000 BROAD RANGE OF MARKET SECTORS Cleantech & Energy Informatjon Technology Life Sciences Materials 5 CONFIDENTIAL & PROPRIETARY
Technology Investments Informatjon Technology SurfCrew Advanced Materials & Semiconductors EVOLV Technologies Cleantech & Energy 6 CONFIDENTIAL & PROPRIETARY
Life Science Investments ONCOLOGY CARDIOVASCULAR RESPIRATORY CNS ENT OPHTHAMOLOGY HEMATOLOGY GENE THERAPY DIAGNOSTICS DEVICES SIDERI S PHARMACEUTICALS 7 CONFIDENTIAL & PROPRIETARY
Investments Diversifjed Across Stage 1 st Round 2 nd Round 3 rd Round 4 th Round + Seed SurfCrew SIDERIS PHARMACEUTICALS EVOLV Technologies 8 CONFIDENTIAL & PROPRIETARY
Strong Group of Co-investors 9 CONFIDENTIAL & PROPRIETARY
University Partners Have Made Exclusive Assignments of Their Rights EXCLUSIVE UNIVERSITY PARTNERS IN OUP I Exclusive partnerships with exceptonal universites where OUP is assigned all Partcipaton Rights on existng and future companies for duraton of fund, subject to 50% co-investment by universites PROFIT SHARING OUP shares part of its carry with universites in exchange for access to partcipaton rights DEEP COVERAGE Close working partnership with each university allows OUP to track company progress from an early stage to evaluate company progress EXPANSION For Fund II, Osage will more than double the number of university partners 10 CONFIDENTIAL & PROPRIETARY
Associate Partners DEAL SPECIFIC z z Proprietary relatonships that provide company specifjc Partcipaton Rights and profjt sharing BROAD COVERAGE Broadens sector and stage balance of investment opportunites, allowing for complete coverage of the entre university startup landscape EXPANSION Contnue to expand to new universites, research OUP signed 60 Associate Partners insttutons, and non- traditonal research centers during the fjrst three years of OUP I 11 CONFIDENTIAL & PROPRIETARY
Contact Us University Innovatjon, Realized. SUMMARY Osage University Partners (OUP) invests in startups that have licensed technologies from universites and research insttutons. OUP has partnered with over 65 academic insttutons to invest in pioneering technologies and visionary entrepreneurs targetng large market opportunites. The Fund invests across a range of technology sectors and company stages, and typically co-invests with other leading venture funds. PERSONNEL Name Title Email Robert Adelson Managing Partner radelson@osagepartners.com Founding Partner lberneman@osagepartners.om Louis Berneman Sudip Chakrabart Vice President sudip@osagepartners.com Mathew Cohen Associate mcohen@osagepartners.com William Harrington Managing Partner bharrington@osagepartners.com Contact Us Bryce Istvan Analyst bistvan@osagepartners.com 50 Monument Rd, Suite 201 Bala Cynwyd, PA 19004 John Lee Associate jlee@osagepartners.com 484.434.2255 Martn Lehr Senior Associate mlehr@osagepartners.com www.osageuniversitypartners.com Marc Singer Managing Partner msinger@osagepartners.com 12 CONFIDENTIAL & PROPRIETARY
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