1. 2.1. Stock vs Loan
2.2 Partnership
2.3 Venture Capital/Angel Money
2.4 Bank

2. Dekker/CRC (2003)
from CRC Press (2009)

3. This Book Chapter MBA Course Curriculum
Chapter 1 Industrial Evolution Entrepreneurship
Chapter 2 Best Selling Devices N/A
Chapter 3 Corporation Startup Entrepreneurship
Chapter 4 Business Plan Strategic Management; Entrepreneurship
Chapter 5 Corporate Capital and Funds Entrepreneurship
Chapter 6 Corporate Operation Management Accounting;
Financial Management
Managerial Economics;
Investment Analysis
Chapter 7 Quantitative Business Analysis Quantitative Business Analysis
Chapter 8 Marketing Strategy Marketing Management
Chapter 9 Intellectual Properties N/A
Chapter 10 Human Resources Human Resource Management
Chapter 11 Business Strategy Strategic Management; Policy Analysis
Chapter 12 Corporate Ethics Business and Society;
Ethics in Management
Chapter 13 Now Your Turn Perspectives on Management;
Managerial Communications

6. 2.1. Stock vs Loan
2.2 Partnership
2.3 Venture Capital/Angel Money
2.4 Bank

7. Stock (Equity):
• You do not need to pay back the initial investment amount
• You need to pay the stock dividend with the effective
annual return rate around 10-12%, higher than the interest
rate of loan.
• The dividend distribution may not start in the first 5 -7
years after the startup.
Loan (Debt):
• You must pay back the total amount of the principal and
the interest by the end of the loan period.
• The interest rate is usually lower than the stock return rate,
typically 5 – 10%.
• A short-term loan (less than one year) has a lower interest
rate than a long-term loan (3-5 years).

9. 2.1. Stock vs Loan
2.2 Partnership
2.3 Venture Capital/Angel Money
2.4 Bank

11. Eligibility of Small Business Innovation
Research (SBIR) or Small Business
Technology Transfer (STTR) programs:
Small Business =
(1) with 500 or fewer employees, and
(2) with annual revenue under
$5,000,000

14. 2.1. Stock vs Loan
2.2 Partnership
2.3 Venture Capital/Angel Money
2.4 Bank

20. 2.1. Stock vs Loan
2.2 Partnership
2.3 Venture Capital/Angel Money
2.4 Bank

22. 2.1. Stock vs Loan
2.2 Partnership
2.3 Venture Capital/Angel Money
2.4 Bank

24. SBIR Criteria (Important 5):
1. 500 or fewer employees,
2. annual revenue under $5,000,000.
3. Is independently owned and operated, not dominant in
the field of operation in which it is proposing, has a
place of businesses in the United States and operates
primarily within the United States or makes a
significant contribution to the US economy, and is
organized for profit.

27. 1. Cover page, including the submitter's information.
2. Executive summary, including the most attractive picture or figure
of your proposed product.
3. Background, including the market trends, how much your company
can expect for the revenue based on this investment.
4. Literature survey, sub-sectioned into several number of the
previous studies, with a final summary table in terms of merit/
demerit of each previous design.
5. Your proposed design: Explicitly mention your targeted specs, and
how your design overcomes the previous problems.
6. Approach and Milestone: Detailed discussion, including the time
and money (related with the budget calculation).
7. Others, which include patent application, future manufacturing plan
8. References, Principal Investigator's capability (bio) and facility
introduction
9. Budget summary
10. Appendix, including the support letter from the partners.

28.  CENTRE COUNTY INDUSTRIAL
DEVELOPMENT CORPORATION
www.centrecountyidc.org
 PENNSYLVANIA INDUSTRIAL
DEVELOPMENT AUTHORITY
www.pidc-pa.org/svc-fina-loanprog-h.asp?
itemid=1

29. CENTRE COUNTY INDUSTRIAL
DEVELOPMENT CORPORATION
Eligible Activities
 Acquisition of land & buildings
 New construction or rehabilitation
 Leasehold Improvements
 Machinery & Equipment
 Working Capital
 To acquire inventory or wages of new employees

30. CENTRE COUNTY INDUSTRIAL
DEVELOPMENT CORPORATION
Revolving Loan Fund
• Create or retain one new job for every
$50,000 in loan proceeds.
• Reten;on projects are compe;;ve
– Financial stability
– 175% of minimum wage

31. PENNSYLVANIA INDUSTRIAL
DEVELOPMENT AUTHORITY
Eligibility
 Manufacturing
 Industrial
 Research & Development
 Agricultural Processor
 Firms establishing a national or regional
headquarters
 Computer/clerical operation centers

32. PENNSYLVANIA INDUSTRIAL
DEVELOPMENT AUTHORITY
LOW INTEREST FINANCING THROUGH INDUSTRIAL
DEVELOPMENT CORPORATIONS FOR LAND AND
BUILDING ACQUISITION, CONSTRUCTION, OR
RENOVATION RESULTING IN THE CREATION OR
RETENTION OF JOBS
• Land and building acquisi;on
• Building construc;on and renova;on
• Industrial Park Development
• Mul;‐tenant spec building construc;on,
acquisi;on and renova;on

33. END
Thank you!