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 company should meet the requirements for the Ohio Technology Investment Tax Credit as defined by the Ohio Department of Development (www.odod.state.oh.us/tech/titc/).
• 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.