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Startup Investment Presentation

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					              Regional Growth-Global Competitiveness




From Innovation to Prosperity

Efforts to increase quantity and quality
 of Crescent science-based research
       reaching the marketplace
                             Chesapeake Crescent Initiative



• Leverage the Chesapeake Crescent Region’s unique
  mixture of assets – the Federal Region
   –   World class universities and Federal laboratories
   –   Amenities and natural resources
   –   Largest customer in world
   –   Skilled workforce
   –   National policy center
• When properly aligned and activated - a global leader
  in life science, energy, national/homeland security
  and more
                                   Regional Status



• Regional Strengths
   – Concentration of R&D expertise and $$’s
• Regional Weaknesses
   – Commercialization resources
• Solutions: adopt best practices
• Mission: model in aligning Federal, State, Local
  Government, Private Sector and Civic Leadership
  toward shared goals in innovation
• Outcomes: more highly-skilled jobs/employees and
  companies, enlarged tax base, lower regional costs
                                           Regional Venture Capital Analysis



                                                                                               Ratio of VC
                      2007           2004         VC Seed +     % of National
                                                                                Ratio of VC      seed +
                     Venture          R&D           startup          VC
                                                                                $$’s to R&D      startup
                     Capital        funding      investments    investment in
                                                                                    $$’s      investment to
                    (millions)     (millions)      (millions)   seed/startups
                                                                                                  CCR



California            $ 12,055       $ 18,041       $     535      45.4%           67%             12

Chesapeake
                     $    1,242      $ 18,454       $      46       3.9%              7%           1
Crescent Region

Massachusetts        $    3,489      $   5,324      $     115       9.8%           66%             9

North Carolina       $      577      $   1,677      $      48       4.1%           34%             11

Texas                $    1,416      $   5,025      $      31       2.6%           28%             2


Source: MoneyTree Report by PricewaterhouseCoopers and the National Venture Capital
Association
                              Regional Commercialization Analysis




                                                       Patents to   Start ups to
                                   Revenue
State                                                  Revenue       Revenue
                                   Ranking
                                                        Ranking      Ranking


California                             1                   3            16

Massachusetts                          2                  10            20

Chesapeake Crescent                    3                  19            37

Texas                                  5                  14            33

North Carolina                         9                  13            19

Source: AUTM Licensing Survey Results by State, 2006
                           Strategies for Innovation
                              Commercialization


•   Increase risk-taking culture
•   Develop business entrepreneur expertise
•   Asset mapping and portal
•   Increase early stage capital
•   Increase alignment and collaboration
                            Increased business/entrepreneur
                                    expertise earlier


• Qualify translational businesses
   – Accelerators
   – Other translational investment models
• Entrepreneur in Residence programs
   –   Modeled after CMU (SRI, MIT, DOE)
   –   Standardized terms (timeframe, field of use, consideration)
   –   Match serial entrepreneur with appropriate innovation
   –   Embed entrepreneur with research team
   –   Complete due diligence (marketing and funding plan)
• Increase educational/training investments
• MBA student support
                                 Asset Mapping and Portal
                                        80/20 rule


• Inventory of assets
   –   Facilities
   –   Equipment
   –   Entrepreneurs
   –   Federal funding sources
   –   Researchers
   –   High-tech startups
   –   Angels/VC’s
   –   Advisors
• Make assets visible, searchable, sortable, matchable
   – Provide platform for matchmaking between qualified parties-
     easily make qualified connections
                                  Increased Capital



• U of Wisconsin BAGR model
• X-Prizes
  –   Northrop Grumman Lunar Landing Challenge
  –   Ultimate Fuel Economy Challenge (100MPG car)
  –   Ansari X-Prize (re-usable small space shuttle)
  –   American Security Challenge (DHS tech challenge)
                                      Increase Collaborations



• Portal
• Clusters
   – Centers of Excellence
   – Customer convenings
   – Innovation enablers
       • Entrepreneurs, investors, advisors
   – Resources
       • Conference capabilities, MBA students
   – Lifestyle
       • Mixed-use, livable communities linked with multiple mobility options
              Contact
         George Vradenburg
           Vice Chairman
       Phone: (202) 414-0771
                 Or
            Roger London
Innovation Economy Program Director
       Phone: (410) 340-5335

				
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