Investment Criteria

Since the Funds were established with specific goals in mind, companies chosen for investment must meet the criteria below:

• The company must have its primary place of business in Ohio, or intend to move to Ohio upon funding.
• Technology must be a primary driving force for the company's business. The current focus areas for investment are:
  • Advanced Materials related to advanced polymers, ceramics, composites, carbon fibers and nanotubes, and specialty metals and alloys
  • Aero propulsion Power Management
  • Fuel Cells and Energy Storage
  • Medical Technology related to imaging, surgical instruments/equipment, implant devices, and regenerative medicine
  • Software Applications for business and healthcare
  • Sensing and Automation Technologies
  • Situational Awareness and Surveillance Systems
  • Solar Photovoltaics
• The First Fund will typically provide the first investment of capital outside of the founder and his/her "friends and family".
• With the capital supplied by the Fund, the company should be able to reach significant milestones, and be in a position to attract conventional equity funding upon the completion of that work.
• The company should be following a business model and targeting a market which will make it attractive to venture capitalists in its later stages.
  

Members of the Fund will make the final determination regarding how well a company meets these and other investment criteria.