Core Entrepreneurial Assistance Services
Because most technology companies are not investment ready when we first work with them, CincyTech’s entrepreneurial services span the Evaluation/Improvement, Investment Readiness and Post-Investment stages of development. The range of assistance provided in these three stages is as follows:
Origination Stage Services:
Services at the origination stage are designed to generate qualified deal flow in our areas of technology focus. These activities include evaluation support for research institutions to assess, evaluate and curate deal flow based on their technology; grants to accelerators as well as assistance to them to evaluate applicants and support client companies; grants to collaborators to strengthen their ability to serve companies; evaluation of opportunities brought to us by private co-investors to advance opportunities they have found; and support for general networking and educational events to increase public awareness of support available to entrepreneurs in our region.
Evaluation/Improvement Stage Services:
In this stage of engagement CincyTech evaluates and shapes an opportunity to ensure it is on an investable path. Business services at this point include intellectual property evaluation and strategy, product strategy, concept/market/price validation, business model definition/optimization, and organizational design/gap analysis. In many cases ideas come to us that require significant refinement before being investment ready. In other cases, ideas are simply not viable as envisioned and founders/entrepreneurs are able to discover and adapt/abandon the concept accordingly.
Going forward, CincyTech is working on new deal flow collaboration opportunities with regional organizations that will help build regional strengths in advanced materials, technology products for the growing aging population, health care informatics and IT, and technologies emerging from pediatric hospitals. All of these initiatives will leverage our service and investment platform to advance local opportunities and import opportunities from across the country.
Investment Readiness Stage Services:
In this stage of engagement CincyTech works with concepts/ideas that are ready for the next stage of development and require investment. CincyTech’s services to the entrepreneur at this stage include legal formation/organization, business/financial plan definition, capitalization planning, talent recruiting, director recruiting, investor recruitment, presentation reviews/assistance and general education on the legal and financial elements required to raise outside capital.
In addition to providing these services to entrepreneurs, at this stage CincyTech typically provides the following to co-investors: shared legal, intellectual property and financial diligence, background checks and reference checks for founders/key management, negotiation of terms, legal process management and investment closing and general coordination of the investment process. By providing these services CincyTech is able to motivate a broad variety of private investors to invest in regional companies that they normally would not have the experience or resources to pursue.
Post-Investment Stage Services:
In this stage of engagement, CincyTech continues to work with portfolio companies to ensure progress against milestones, raise additional capital and deal with the myriad issues that arise in start-up company development. Specific services for portfolio companies include market/customer access assistance, advisor/director recruitment, capital formation (additional seed, venture and strategic), technical and executive recruiting, and continued assistance in strategy/business model/financial performance. These services are also of great value to many co-investors who depend on CincyTech to represent their interests and serve as the principal advocate for growing and maintaining the company in the region.
*A note about inclusion:
All great entrepreneurs begin with a great idea. Great ideas cross all lines of gender and culture. Our goal is to ensure that everyone in Southwest Ohio has an opportunity to participate in the entrepreneurial life of the community. We do this through outreach, mentoring and systemic intervention: using the connections of our staff, especially our Executives In Residence, to help minority and women business owners gain access to capital available throughout the region.