technology programs and assistance region 8
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Technology Programs and Assistance Region 8. Dennis Gaddis Ohio Dept of Development Technology Division 614-466-3887 [email protected]. What’s it all about?. Technology Investment Tax Credit (TITC) www.odod.state.oh.us/tech/titc. - PowerPoint PPT PresentationTRANSCRIPT
Technology Programs and Technology Programs and AssistanceAssistanceRegion 8Region 8
Dennis GaddisOhio Dept of Development
Technology Division614-466-3887
What’s it all about?What’s it all about?
Ohio Technology Companies < $2.5M in net Ohio Technology Companies < $2.5M in net book value book value oror revenue during last fiscal year revenue during last fiscal year
>50% employees and assets in Ohio>50% employees and assets in Ohio Approved investors into approved Approved investors into approved
companies receive 25% tax credit companies receive 25% tax credit Investor not an insider & Investor not an insider & >> 5% of ownership 5% of ownership
or control.or control. Each investment up to $250K, $1.5M total Each investment up to $250K, $1.5M total
investments per companyinvestments per company Apply through Edison CenterApply through Edison Center
Technology Investment Tax Technology Investment Tax Credit (TITC)Credit (TITC)
www.odod.state.oh.us/tech/titcwww.odod.state.oh.us/tech/titc
Definition of Definition of Technology CompanyTechnology Company
Qualified Technology Company Qualified Technology Company activities:activities:– Research & development, Technology Research & development, Technology
Transfer, Bio-technology, Information Transfer, Bio-technology, Information Technology, applying new technologyTechnology, applying new technology
Excluded:Excluded:– Service companies (engineering, Service companies (engineering,
accounting, etc.), consultants, financial accounting, etc.), consultants, financial companies, farms, hotels, restaurants, companies, farms, hotels, restaurants, hospitals, nursing homes, and similar hospitals, nursing homes, and similar type businessestype businesses
30% credit for investment into companies 30% credit for investment into companies in distressed countiesin distressed counties 30% credit for EDGE companies (30% credit for EDGE companies (A business A business assistance program for socially and economically assistance program for socially and economically disadvantaged business enterprises with the goal of disadvantaged business enterprises with the goal of Encouraging Diversity Growth and Equity in Ohio's Encouraging Diversity Growth and Equity in Ohio's marketplace. Certification through Ohio DAS)marketplace. Certification through Ohio DAS) Each investment up to $300K, $1.5M total Each investment up to $300K, $1.5M total per companyper company
Distressed and EDGEDistressed and EDGE
InnovestInnovest
Ohio’s Premier Venture Capital EventOhio’s Premier Venture Capital Event May 13 – 14, 2004, Cincinnati Westin May 13 – 14, 2004, Cincinnati Westin 30 companies present business plans30 companies present business plans Companies are groomed by Companies are groomed by
investment professionals & investment professionals & presentation coachpresentation coach
www.innovest.orgwww.innovest.org
Incentives for Tech CompaniesIncentives for Tech Companieswww.connectohio.com/bus_resourceswww.connectohio.com/bus_resources
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Ohio Job Creation Tax Credit (JCTC)Ohio Job Creation Tax Credit (JCTC)– Create 25 jobs @ 150% of minimum Create 25 jobs @ 150% of minimum
wage or 10 jobs @ 400%wage or 10 jobs @ 400% Net Worth Tax Exemption for High-Net Worth Tax Exemption for High-
Tech Start-up CompaniesTech Start-up Companies– Exempts <3 year old Tech company Exempts <3 year old Tech company
from Corporate Franchise Tax from Corporate Franchise Tax www.state.oh.us/tax/Business.htmlwww.state.oh.us/tax/Business.html
Incentives for Tech CompaniesIncentives for Tech Companieswww.connectohio.com/bus_resourceswww.connectohio.com/bus_resources
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Research and Development Sales Tax Research and Development Sales Tax ExemptionExemption– Unit Exemption Certificate Unit Exemption Certificate
www.state.oh.us/tax/business_forms_swww.state.oh.us/tax/business_forms_sales.htmlales.html
Ohio Investment in Training ProgramOhio Investment in Training Program– Provides financial assistance and Provides financial assistance and
technical resources for customized technical resources for customized training involving employees of new involving employees of new and expanding Ohio businesses. and expanding Ohio businesses.
Points of ContactPoints of Contact
Fran Migliorino, Governor’s Region 8 Economic Fran Migliorino, Governor’s Region 8 Economic Development OfficeDevelopment Office– 216-787-3240 [email protected] [email protected]
Brad Biggs, (Acting) Region 8 Business Brad Biggs, (Acting) Region 8 Business Development Development – 800-848-1300, 614-644-8201, 800-848-1300, 614-644-8201,
[email protected]@odod.state.oh.us Dennis Gaddis, Mgr. Technology Business Dennis Gaddis, Mgr. Technology Business
AssistanceAssistance– 800-848-1300, 614-466-3887, 800-848-1300, 614-466-3887,
[email protected]@odod.state.oh.us
What’s the truth about What’s the truth about Government Grants?Government Grants?
The truth is:The truth is:
Despite what Matthew Lesko’s Despite what Matthew Lesko’s advertisements suggest:advertisements suggest:
We know of no grants to individuals.We know of no grants to individuals. There are no State of Ohio business start-up There are no State of Ohio business start-up
grants.grants. There are very few State of Ohio grants to There are very few State of Ohio grants to
companies.companies. Federal grants are not free money! They are Federal grants are not free money! They are
competitively awarded and require compliance to competitively awarded and require compliance to statements of work.statements of work.
How to Get the $$How to Get the $$
the Person with the the Person with the PROBLEMPROBLEM……
who has thewho has the MONEY MONEY to solve the to solve the problem…problem…
and the and the MEANSMEANS with which to give with which to give YOUYOU the money to solve the problem.the money to solve the problem.Contract
Or Grant
Department of Department of DefenseDefense
Defense Technical Information Center (DTIC) Defense Technical Information Center (DTIC) http://www.dtic.mil/dtic/dticorg/regional/mw_regional.htmlhttp://www.dtic.mil/dtic/dticorg/regional/mw_regional.html
““The Rosetta Stone for dealing with the Defense Department”The Rosetta Stone for dealing with the Defense Department”Debie FrancisDebie FrancisMidwestern Regional Office at DaytonMidwestern Regional Office at DaytonATTN: DTIC-BPDATTN: DTIC-BPDBuilding 29, Area B, Room 103Building 29, Area B, Room 1032245 Monahan Way2245 Monahan WayWright-Patterson AFB, OH 45433-7022 Wright-Patterson AFB, OH 45433-7022 Phone:Phone: (937) 255-7905 x 249 (937) 255-7905 x 249FAX:FAX: (937) 656-7002 (937) 656-7002 Email:Email: [email protected] [email protected] hours:Office hours: Monday-Friday 7:30 a.m. to 4:30 p.m. Eastern Monday-Friday 7:30 a.m. to 4:30 p.m. Eastern
Advanced Technology Advanced Technology Program (ATP)Program (ATP)
National Institute of Standards and National Institute of Standards and Technology (NIST)Technology (NIST)
RFP open Feb 13 – Apr 14, 2004RFP open Feb 13 – Apr 14, 2004 Cost-shared funding for high-risk R&DCost-shared funding for high-risk R&D Individual and Industry-led joint Individual and Industry-led joint
projectsprojects Important, path-breaking new Important, path-breaking new
technologiestechnologies $30M for new projects$30M for new projects www.atp.nist.govwww.atp.nist.gov
SBIR ProgramSBIR Program
SSmall mall BBusiness usiness IInnovation nnovation RResearchesearch
Federal Program established in 1982Federal Program established in 1982 Eleven federal agencies participateEleven federal agencies participate 2.5% of agency’s extramural R&D 2.5% of agency’s extramural R&D
budget (over $100M)budget (over $100M) FY 2003 funding $1.6 BillionFY 2003 funding $1.6 Billion Reauthorized through 2008Reauthorized through 2008
SBIR Participating SBIR Participating AgenciesAgencies
Department of Agriculture - $15.69MDepartment of Agriculture - $15.69M Department of Commerce - $7MDepartment of Commerce - $7M Department of Defense - $773MDepartment of Defense - $773M Department of Education - $8.7MDepartment of Education - $8.7M Department of Energy - $94MDepartment of Energy - $94M Department of Health & Human Services - $482MDepartment of Health & Human Services - $482M Department of Homeland Security - Department of Homeland Security - Department of Transportation - $4MDepartment of Transportation - $4M Environmental Protection Agency - $8MEnvironmental Protection Agency - $8M National Aeronautics & Space Administration - National Aeronautics & Space Administration -
$102.9M$102.9M National Science Foundation - $77.6MNational Science Foundation - $77.6M*2005 – Dept of Justice & perhaps Interior & HUD*2005 – Dept of Justice & perhaps Interior & HUD
How SBIR/STTR WorkHow SBIR/STTR Work
Agencies have mission needs and R&D Agencies have mission needs and R&D $$$$
Agencies issue solicitationsAgencies issue solicitations Small businesses submit 25 page Small businesses submit 25 page
proposals by solicitation closing datesproposals by solicitation closing dates Agencies review proposals, select Agencies review proposals, select
winning proposals and negotiate winning proposals and negotiate agreements within 6 months of the agreements within 6 months of the closing dateclosing date
Small business awardees commence Small business awardees commence R&D effortsR&D efforts
SBIR - Three Phase ProcessSBIR - Three Phase Process
Phase I – Feasibility/Proof of ConceptPhase I – Feasibility/Proof of Concept– Generally 6 month effortGenerally 6 month effort– Up to $100K in SBIR fundingUp to $100K in SBIR funding– No more than 33% subcontractedNo more than 33% subcontracted
Phase II - Full R&D/PrototypePhase II - Full R&D/Prototype– Generally 2 year effortGenerally 2 year effort– Up to $750K in SBIR fundingUp to $750K in SBIR funding– No more than 50% subcontractedNo more than 50% subcontracted
Phase III - CommercializationPhase III - Commercialization– No SBIR fundingNo SBIR funding
STTR ProgramSTTR Program
Small Business Technology Transfer – small Small Business Technology Transfer – small business must collaborate with non-profit business must collaborate with non-profit research institutionresearch institution
Phase I – Feasibility/Proof of Concept Phase I – Feasibility/Proof of Concept – 1 year effort1 year effort– Up to $100K in STTR fundingUp to $100K in STTR funding– No more than 30% subcontractedNo more than 30% subcontracted
Phase II - Full R&D/PrototypePhase II - Full R&D/Prototype– 2 year effort2 year effort– Up to $750K in STTR funding Up to $750K in STTR funding
Phase III - CommercializationPhase III - Commercialization– No STTR fundingNo STTR funding
STTR ProgramSTTR Program
Five participating agenciesFive participating agencies– Dept of Defense (separate Dept of Defense (separate
solicitations)solicitations)– Dept of Energy (combined solicitation)Dept of Energy (combined solicitation)– Dept of Health and Human Services Dept of Health and Human Services
(combined solicitation)(combined solicitation)– NASA (combined solicitation)NASA (combined solicitation)– National Science Foundation (combined National Science Foundation (combined
solicitation)solicitation)
Where Ohio Stands in SBIR Where Ohio Stands in SBIR AwardsAwards
In 2002, Ohio ranked 6th in SBIR awards In 2002, Ohio ranked 6th in SBIR awards - 220 SBIR awards totaling $63.5M- 220 SBIR awards totaling $63.5M
152 Phase I, 68 Phase II awards152 Phase I, 68 Phase II awards Rankings : CA, MA, VA, MD, CO, Rankings : CA, MA, VA, MD, CO, OHOH, NY, , NY,
PA, TX, NJ, WA, AZ, AL, FL, MN, MI, CT, PA, TX, NJ, WA, AZ, AL, FL, MN, MI, CT, NC, NM, NH, OR, IL, UT, WI, GA, TN, IN, NC, NM, NH, OR, IL, UT, WI, GA, TN, IN, DC, NV, MO, NT, SC, RI, IA, KS, OK, KY, DC, NV, MO, NT, SC, RI, IA, KS, OK, KY, ID, HI, LA, MS, WY, DE, ME, VT, SD, AR, ID, HI, LA, MS, WY, DE, ME, VT, SD, AR, NE, ND, WV, PR, AKNE, ND, WV, PR, AK
Services offered by Ohio’s SBIR Services offered by Ohio’s SBIR Outreach ProgramOutreach Program
One to one consultations targeted to the One to one consultations targeted to the company’s needscompany’s needs
Regional workshops and conferencesRegional workshops and conferences www.odod.state.oh.us/tech/sbir www.odod.state.oh.us/tech/sbir Proposal writing strategies and guidelinesProposal writing strategies and guidelines Administrative proposal reviewAdministrative proposal review Post award supportPost award support Referrals to SBDC network, economic Referrals to SBDC network, economic
developmentdevelopment Ohio Research Commercialization Grant Ohio Research Commercialization Grant
ProgramProgram
Ohio Research Ohio Research Commercialization Grant Commercialization Grant
ProgramProgram
Grants to fund Grants to fund commercialization of SBIR, STTR commercialization of SBIR, STTR and ATP projects.and ATP projects.
$150K to $175K$150K to $175K IP, marketing, market analysis, IP, marketing, market analysis,
business consulting, cost business consulting, cost engineering, sourcingengineering, sourcing
Next RFP open Autumn 2004Next RFP open Autumn 2004 www.thirdfrontier.comwww.thirdfrontier.com
Helpful InformationHelpful Information
Small Business Innovation Research (SBIR) and Small Business Innovation Research (SBIR) and Small Business Technology Transfer (STTR)Small Business Technology Transfer (STTR)– www.odod.state.oh.us/tech/sbirwww.odod.state.oh.us/tech/sbir– SBIR Gateway: www.zyn.com/sbirSBIR Gateway: www.zyn.com/sbir– SBIR World: SBIR World: www.sbirworld.comwww.sbirworld.com
Grants.gov www.grants.gov Grants.gov www.grants.gov – Grants Portal for Federal AgenciesGrants Portal for Federal Agencies
State Science and Technology InstituteState Science and Technology Institute– SSTI Weekly Digest – Subscribe www.ssti.orgSSTI Weekly Digest – Subscribe www.ssti.org
SBIR Alert – Pacific Northwest National SBIR Alert – Pacific Northwest National LaboratoryLaboratory– http://lyris.pnl.gov/cgi-bin/?enter=sbir-alerthttp://lyris.pnl.gov/cgi-bin/?enter=sbir-alert
Starting a business?Starting a business?
First Stop Business Connection First Stop Business Connection
800-248-4040 or 614-466-4232 800-248-4040 or 614-466-4232 http://www.odod.state.oh.us/onestop/index.cfmhttp://www.odod.state.oh.us/onestop/index.cfm
FREE business information kit will FREE business information kit will contain the basics a business must contain the basics a business must know and the state-level know and the state-level regulations and forms specifically regulations and forms specifically required for the business. required for the business.
Small Business Development Center Program Small Business Development Center Program www.ohiosbdc.orgwww.ohiosbdc.org– Small Business Development Centers Small Business Development Centers
(SBDC)(SBDC)– Manufacturing, Defense and Technology Manufacturing, Defense and Technology
Small Business Development Centers Small Business Development Centers (MSBDC)(MSBDC)
– International Trade Assistance Centers International Trade Assistance Centers (ITAC)(ITAC)
– Ohio Procurement Technical Assistance Ohio Procurement Technical Assistance Centers (PTAC)Centers (PTAC)
Sources of AssistanceSources of Assistance
Small Business Development Small Business Development CentersCenters
Partnership of ODOD, U.S. SBA, Partnership of ODOD, U.S. SBA, Chambers of Commerce, Colleges, Chambers of Commerce, Colleges, Universities, Edison Centers and Universities, Edison Centers and Incubators (hosts)Incubators (hosts)– Certified Business AnalystsCertified Business Analysts– Confidential in-depth counselingConfidential in-depth counseling– Business planningBusiness planning– Financial AssessmentFinancial Assessment– TrainingTraining– Supports start-up and existing Supports start-up and existing
businessesbusinesses
Northeast Ohio SBDC officesNortheast Ohio SBDC offices
The Ohio SBDC at Lake County Economic Development CenterCatherine C. Haworth, DirectorLake Erie College391 West Washington StreetPainesville, Ohio 44077 (440) 357-2290 Fax (440) 357-2296 Email: [email protected] Ohio SBDC at Lorain County Chamber of CommercePatrick McGowan-Doyle, Director6100 S. Broadway; Suite 201Lorain, Ohio 44053 (440) 233-6500 Fax (440) 246-4050Email: [email protected].
Northeast Ohio SBDC officesNortheast Ohio SBDC officesThe Ohio SBDC at the Akron Industrial Incubator526 S. Main Street, Suite C-11, Akron, Ohio 44311(330) 375-2111The Ohio SBDC at Kent State University Kent-Portage CampusLinda Yost, Director, Kent Regional Business AllianceCollege of Business Administration, Summit & Terrace, Room 300AKent, Ohio 44242 (330) 672-1275 Ext. 254 Fax (330) 672-9338Email: [email protected] Ohio SBDC at Kent State University, Stark CampusDonald Schneck 6000 Frank Avenue, NW, Canton, Ohio 44720(330) 244-3296 Fax (330) 244-3340 Email: [email protected]
Manufacturing Small Business Manufacturing Small Business Development CentersDevelopment Centers
Partnership of U.S. SBA, Ohio SBDC Program, ODOD Partnership of U.S. SBA, Ohio SBDC Program, ODOD Technology Div, NIST Mfg Extension Center, hostsTechnology Div, NIST Mfg Extension Center, hosts
For manufacturing and technology businessesFor manufacturing and technology businesses– InformationInformation– ResourcesResources– ReferralsReferrals– CounselingCounseling– Market opportunitiesMarket opportunities– Technology linkagesTechnology linkages
Ohio’s MSBDC at Kent State University School of Ohio’s MSBDC at Kent State University School of TechnologyTechnology– Tom Southards, Director, (330) 672-2892 fax (330) Tom Southards, Director, (330) 672-2892 fax (330)
672-2894, email 672-2894, email [email protected]@tech.kent.edu
International Trade Assistance International Trade Assistance CentersCenters
Partnership of Ohio SBDC Program, ODOD International Partnership of Ohio SBDC Program, ODOD International Trade Div, U.S. Dept of Commerce, hostsTrade Div, U.S. Dept of Commerce, hosts
For businesses entering international marketplaceFor businesses entering international marketplace– InformationInformation– ResourcesResources– ReferralsReferrals– CounselingCounseling
North Coast ITACNorth Coast ITAC– Lake County Development Center, David Simerly, Lake County Development Center, David Simerly,
Director (440) 357-2290 x29, fax (440) 357-2296, email Director (440) 357-2290 x29, fax (440) 357-2296, email [email protected]@lcedc.org
Ohio Procurement Technical Ohio Procurement Technical Assistance CentersAssistance Centers
Partnership of Ohio SBDC Program, ODOD Office of Minority Affairs, U.S. Defense Logistics Agency, hosts
For businesses selling goods/services to local, state and federal government– Marketing and procurement information– Technical and quality assurance counseling– Bid matching services– Product and procurement histories– Military specifications and trade events
PTAC of Ohio at Cleveland– Community Improvement Corporation of Lake County, Bob
Fenn, Director, (440) 357-2290 x30, fax (440) 357-2296, email [email protected]
PTAC of Ohio at KRBA, Inc– Kent State University, Keith Tarbett, Director, (330) 672-
9448 fax (330) 672-9338, email [email protected]