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It also promotes financial independence of early stage businesses by helping to secure assistance from a variety of public, private, and university resources.
Real Success
The TechColumbus Incubator is a nationally recognized leader in technology business development. More than 60 high-tech companies have successfully graduated from the program into the Central Ohio community. Of those, 75% have realized sales or commercialization success.
Local Impact
In the past 5 years, the TechColumbus Incubator tenants have greatly contributed to the Central Ohio economy:
- REVENUE: $87.4 Million
- CAPITAL RAISED: $53.4 Million
- RESEARCH & DEVELOPMENT GRANTS: $14.73 Million
- NEW JOBS FOR CENTRAL OHIOANS: 265
Key features and benefits
The Incubator and related entrepreneur services provide:
- Intellectual infrastructure, including mechanisms for technology transfer and commercialization, and domain-specific expertise in IT, bioscience, healthcare innovations and advance materials.
- Physical infrastructure, including office and laboratory space at the TECHColumbus Incubator, specialized finish-outs available through SciTech and the Science and Technology Campus of The Ohio State University, as well as extensive site selection and relocation services.
- Access to a highly skilled technical workforce and specialized business services, such as intellectual property or patent law, accounting, funding and human resources.
- Access to sources of risk capital including angel investors, venture capitalists, and other forms of private equity augmented by public resources and vast expertise in federal and state financing, funding, and tax credit programs.
Part of a state-wide effort
The TechColumbus Incubator is one of 11 incubator organizations comprising Ohio’s Thomas Edison Incubator Program, a state-funded initiative designed to promote state industry partnerships for technology company growth.
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The Incubator provides:
Consulting:
- Intellectual Property
- Commercialization
- Business Advisory
Services
- Strategic Planning
- Early stage mentoring
Facilities:
- Offices
- Labs (wet/dry, high-bay)
- Conference Space
- Testing and Training
- Meeting Rooms
Connections:
- Access to local technology leaders
- Networking and community building
Capital:
- TechColumbus and its partners manage almost $20 million in assets focused on the earliest technology investment opportunities
- Access to capital from the Ohio’s Third Frontier and Entrepreneurial Signature Programs, and other public and private funds
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