Are You a Fit?

CincyTech provides core entrepreneurial support services and investment to high growth potential opportunities in these technology areas:

  • Enterprise software, business software applications and technology-enabled services
  • Digital marketing technologies and consumer digital companies
  • Healthcare/biotech products (Drugs, Diagnostics & Devices)
  • Digital health care information technology

Opportunities should also meet these criteria:

  • Seed stage
  • Annual addressable market of $250 million
  • High gross margin business model
  • Rapid path to market
  • Capital efficient

Before you apply, consider the parameters of taking other people’s money. Taking outside capital is a statement that you are serious about building a growth company, that you respect the risk incumbent in that path, and that you are raising your own expectations.

People who are thinking big, who are problem solvers with market-changing technology or discoveries, who expect to work hard and make sacrifices, are the ones best suited to receiving a venture investment.

 

 

Applying to CincyTech

All companies or individuals seeking investment or assistance from CincyTech should fill out an application. The application asks questions about your business and your business idea and helps CincyTech respond more effectively.

 

After you have filled out the application, CincyTech will respond to you with the next steps within 7-10 business days. Many factors affect the speed at which you progress through each of these steps: your business model and financial strategy, your competitive landscape, your intellectual property, your staffing needs and the time it takes to find other investors.

CincyTech’s initial review of your application includes a number of objective factors, including whether you are located or willing to locate in Southwest Ohio and whether your business is a high-growth, technology-based opportunity with a total annual addressable market of at least $250 million.

 

CincyTech investments are typically, but not exclusively, in information technology or life sciences. These objective criteria must be met before CincyTech does a more detailed screening of the opportunity.

Advise is the first stage of the decision-making process for investment. CincyTech will conduct more detailed market and competitive research, evaluate your product, meet other team members, and build a detailed assessment of the opportunity. As each opportunity is different, the objective is to work with you to understand exactly what the next phase in the company’s development should be and how much capital is required.

 

We will evaluate your opportunity and come to one of three conclusions:

    • The opportunity is not a good candidate for a CincyTech investment. In this case you will be referred to other community resources that may be able to provide assistance or funding
    • The opportunity is a future candidate for a CincyTech investment, but there are pre-funding milestones that investors require before moving to the accelerate phase.
    • The opportunity is a good candidate for a CincyTech investment. In this case it will begin due diligence for an investment. CincyTech executives will discuss likely terms for the investment, based on discussions with investment partners, and present the investment terms to you before proceeding to the accelerate phase.

If the opportunity is a good candidate for a CincyTech investment, it will begin to build out a detailed due-diligence plan, identify other prospective investors, and work closely with you on a near-term plan for the period of funding and a longer-term plan to fully capitalize and build a high-growth enterprise.CincyTech also will work with you on a detailed plan for the phase of development it is proposing to fund. This will include key quantitative and qualitative milestones that should be met to attract the next round of investment. In many cases CincyTech and its syndicate partners will fund your company in tranches based on milestone achievement.

 

Due diligence will include detailed review of the legal documents of the company, past investment, customer or prospect interviews, detailed competitive research, and interviews and background checks on all management team members. It also will include presentations to other investor groups, and sometimes to members of its investment committee.

 

Early in this phase CincyTech or a co-investor will generate a term sheet summarizing the financial and other terms for investment acceptable to you and to the investors. Once terms are agreed to and diligence is completed, these terms will be formalized into appropriate investment documents.

After a formal investment closing, CincyTech will continue to assist and monitor your progress toward becoming a high-growth company that will attract additional investment. Attracting additional investment capital is a time-consuming activity for an operating CEO, and CincyTech will work in concert with you to identify and pursue follow-on capital.

 

In addition, CincyTech will continue to assist in key employee recruitment, business planning, introductions to prospective customers and business partners, and other issues or challenges you may encounter.

All companies or individuals seeking investment or assistance from CincyTech must first complete this application, which helps CincyTech respond more effectively.  Do not enter any proprietary or confidential information.

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