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Semelhante a John Wahrgren - Capital Issues and Business Lifecycles
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John Wahrgren - Capital Issues and Business Lifecycles
- 1. Oregon Business Plan - Capital Issues Benchmarking States Finance Tools March 2010 John Wahrgren
- 4. Industrial Development Revenue Bonds
- 5. Tax Credit Incentives (Income/Property)
- 6. MetricsNote: Most states used public-private organizations as a means to deliver both earlier & later stage finance tools.
- 7. State Finance Tools Lifecycle-Stage Continuum Phase 0 Fund/Proof of Concept grants/Partner Connections Grants /Loans - royalty payback Angel Tax Incentive Commercialization Competitions Potential profitability State Venture Funds & Guarantees/Recruitment Incentives State Loan & Loan Enhancement Funds Angel/Grants Venture Capital Friends/Family/Founders/Corporate Investors Equity Markets/Banks Business not fully established TIME
- 9. “State” includes finance tools provided by a public and/or public-private organization. *Smaller Pop.: AZ/CO/CT/IN/IA/KS/KY/LA/MD/MA/MN/OK/OR/ SC/TN/UT/VA/WA/WI. Larger Pop.: CA/FL/GA/IL/MI/NJ/NY/NC/OH/PA/TX. Other: ME/NM. “Comparable State” Selection Process
- 11. A few states provide direct equity, although more offer fund-of-funds venture.
- 12. R&D tax credits (93% of states).
- 14. State Finance Tools Lifecycle-Stage Continuum Phase 0 Fund/Proof of Concept grants/Partner Connections Grants /Loans - royalty payback Angel Tax Incentive Commercialization Competitions Potential profitability State Venture Funds & Guarantees/Recruitment Incentives State Loan & Loan Enhancement Funds Angel/Grants Venture Capital Friends/Family/Founders/Corporate Investors Equity Markets/Banks Business not fully established TIME
- 16. Encourage pre-seed/start-up gap funding: foundation grants, loans with royalty payback, corporate partners, and increase early-stage Angel investor incentives.
- 17. Encourage networking – Angel/Venture.Policy Considerations: Early-Stage
- 21. Communicate early-stage policies & metrics.Policy Considerations: Early-Stage (continued)
- 23. Recapitalize current tools (e.g. OBDF).
- 25. New credit enhancement tools (e.g. Deposit Loan Program).
- 27. Design & implement metrics for all finance tools.
Notas do Editor
- “Most comparable”: Connecticut, Georgia, Illinois, Maryland, Massachusetts, New Jersey, New York, Pennsylvania and Virginia.