CenterState CEO Innova.on and Entrepreneurship Por6olio. Summary prepared for Hon. Charles E. Schumer U.S. Senate

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1 CenterState CEO Innova.on and Entrepreneurship Por6olio Summary prepared for Hon. Charles E. Schumer U.S. Senate

2 Vision Innova.on l Collabora.on l Transforma.on Members CenterState CEO 2,000 members across 12 Central and Northern New York coun.es Core Focus Areas Business Expansion, Reten.on and AMrac.on Infrastructure and Urban Redevelopment Workforce and Talent Ini.a.ves CenterState Chamber Business Services Government Rela.ons Tourism and Regional Marke.ng

3 CEO Innovation Assets 35 colleges & universi.es; 138,000 students $2 billion in R&D in region; $4 billion in NY Workforce 20% above the U.S. average for graduates with advanced degrees Comprehensive Economic Development, Commercializa.on and Tech Transfer Programs with strong academic and public partners: Cornell, Clarkson, Syracuse University, SUNY College of Environmental Science & Forestry, SUNY Upstate Medical University SBA, EDA, NY State Energy Research Dev. Authority, Empire State Dev. Corp. Direct partnerships with interna.onal thought leaders: Ford & Surdna Founda.ons, Brookings Ins.tu.on

4 CEO Innovation Assets The Tech Garden, a 33,000 sq _ incubator in downtown Syracuse 29 Companies with over 100 employees 400+ Virtual tenants and program par.cipants Several industry foci: Clean Tech, So_ware/IT, Media, Mobile Web, Gaming Syracuse CoWorks first downtown coworking space Tech Garden is the home to CEO s Innova.on and Entrepreneurship Programs Partner with Syracuse Center of Excellence in Environmental and Energy Systems to staff the Office of Industry Collabora.on Access and synergies w/ the 2000 members of CEO

5 CEO Innovation Programs Idea4on Accelera4on Commercializa4on & Tech Transfer Startup Weekends Emerging Business Compe44on Grants For Growth Business Development CEO Ventures Sandbox Startup Labs PreSeed Workshop* Clean Tech Center Student Business Plan Compe..ons* Proof of Concept Center* Commercializa.on Assistance Program* Tech Garden Incuba4on * Programs in bold highlighted below, others are programs lead in partnership with other economic development groups and le_ out for that reason

6 Ideation Startup Weekend Host and Organize Syracuse Startup Weekend Avg. 150 amendees Integrated curriculum at local universi.es with students earning credit for par.cipa.ng Facilitate Startup Weekends: Albany, Rochester, Ithaca, Binghamton, and Buffalo

7 Ideation and Student Entrepreneurship Syracuse Student Sandbox Student venture incubator and accelerator program Joint partnership with The Tech Garden, Syracuse University and 13 regional colleges Featuring the $1.7 million SU Raymond von Dran IDEA Fund Recognized by the Kauffman Founda.on as a na.onal model 50+ ventures in program 115 Mentors Over $3 million in follow on funds raised by par.cipant companies Rounded Co. (2010 par.cipant) became anchor tenant of Tech Garden via revenue funding with 15 employees inside of 2 years

8 Acceleration New York s Crea4ve Core Emerging Business Compe44on Over $1 million in total prize dollars 6 winning companies since 2007 each with: 57 new employees 19 new patents $12,025,000 in follow on funding One of the largest business plan compe..ons in the country Diverse par.cipa.on by companies in 12 coun.es in and around Syracuse

9 Acceleration 22 day program $350K in Seed Funding Statewide reach Mentorship Interna.onal Accelerator Program & connec.on to emerging markets Focus on product and market valida.on

10 Tech Commercialization Grants for Growth Commercializing University IP 25K Proof of Concept Grants 150K Conver.ble Debt Concept to Market Notes 35+ ventures in the program 52 Patents $38.4 million in follow on funding 7 University Partners $4 million in New York State Investment University Research Centers Industry Partners

11 Business Development CEO Ventures Short accelera.on, fee- for- service engagements to provide long term success for early stage companies: Provide incuba.on space Access to local business leaders Business and Technical Development ac.vi.es with consul.ng and mentorship Provide strategic board of advisors 2 startups engaged, launched in 2012

12 Business Development Clean Tech Center $1.5 NYSERDA- funded clean energy incubator Commercialize technology & launch companies Consor.um model: academic, industry, bus. dev. and investor partners Top ten cleantech cluster region in the world Physical and virtual tenant model at Tech Garden Pursuing second funding support for Results to date: 25 Client Companies 17 Product Launches $16M Private Funding $8M Follow- on Grants 86 Employees

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