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In such a brief data with regards to the ohio state universitys fisher college center for entrepreneurship launches.
For Immediate Release
April 8, 2011
Media Contact:
Mike Hogan
614.383.1617
The Ohio State University’s Fisher College Center for Entrepreneurship
Launches New 10x Tech Accelerator for Aspiring Tech Entrepreneurs
NCT Ventures Guarantees One Team $200,000 in Follow-On Funding
Columbus, OH –The Ohio State University’s Fisher College Center for Entrepreneurship announced
today the launch of 10x, Ohio’s newest technology accelerator focused on the professional
development of young technology entrepreneurs and their innovative ideas for new businesses. 10x is
made possible through funding provided by the Ohio Third Frontier’s just-established Ohio’s New
Entrepreneurs (ONE) Fund.
The ONE Fund initiative is being spearheaded by Mark Kvamme, director of job creation for the State of
Ohio. Kvamme is a Silicon Valley venture capitalist and partner at Sequoia Capital, who was recruited
to head JobsOhio, Gov. John Kasich's new private economic-development corporation.
Modeled after other established and successful accelerators like Y-Combinator and TechStars, 10x will
recruit the strongest technology entrepreneurial teams, provide seed funding, and along with
experienced mentors and coaches, develop these young entrepreneurs and their innovative ideas to
attract significant follow-on venture capital. Young entrepreneurial teams will compete for 10 coveted
spots that will each receive $20,000 for business and living expenses during the 11-week development
program.
“We are organizing some of the nation’s best entrepreneurial development resources in support of the
10x teams,” said Michael Camp, executive director of Ohio State’s Center for Entrepreneurship and the
architect of the 10x program. “We expect to attract young entrepreneurs from around the world to come
and learn about the exciting and robust startup infrastructure in Ohio.”
NCT Ventures, a Columbus-based venture capital firm, is so confident in the Ohio entrepreneurship
community that they are guaranteeing one team to graduate the inaugural 10x program with $200,000
in follow-on funding to further pursue their venture.
“We see hundreds of young entrepreneurs every year that need only experience and guidance to be
venturable,” said Rich Langdale, founder and managing partner at NCT. “With the guidance and
support of the 10x program, we are confident that a number of these teams will not only raise significant
venture capital but will also become great companies in their own right.”
The participants must agree to live in Ohio for the duration of the program, and any company formed
through the program must be set up in Ohio. The teams will have access to all the resources provided
by the Center for Entrepreneurship, Ohio’ ONE Fund, NCT Ventures and the robust startup community
in central Ohio.The application is available at 10xelerator.com/
Applications are due no later than April 24, 2011. The 10x program begins June 13, 2011 and ends
September 1, 2011. Participants will have the opportunity to pitch their ideas to dozens of Ohio and
national venture capital and angel investor firms at the New Venture Showcase summit this fall.
“With the seed funding provided by the ONE Fund, the quality mentorship provided by 10x and the
guaranteed follow-on funding by NCT, our teams have a great chance of seeing their innovative ideas
become reality,” Camp noted.
Ranked by U.S. News and World Report among the top 25 business schools in the country, The Ohio State
University’s Fisher College of Business offers full-time, part-time, and executive MBA, Master of Accounting,
Master of Labor and Human Resources, Master of Business Logistics Engineering, and Master in Operational
Excellence programs. The college of business was started in 1916, and was named the Fisher College of
Business in 1993, in honor of Max M. Fisher, a noted philanthropist, industrialist, and alumnus of the college.
10X is a New Venture Accelerator launched this summer by the Fisher College of Business’ Center for
Entrepreneurship. 10x is a mentorship-driven investment program, focusing on technology startups. The program
focuses on providing money, mentors, and markets for its energetic information technology entrepreneurs.10x
mentors technology start-ups from ideation through execution.
Ohio Third Frontier, an unprecedented and bipartisan commitment to create new technology-based products,
companies, industries, and jobs, has attracted more than $5.9 billion in other investments to Ohio, and has a
nearly 9:1 return on investment since its inception. The Ohio Third Frontier has also assisted in the creation and
retention of more than 68,000 direct and indirect jobs for Ohioans. For more information, visit
ohiothirdfrontier.com.
NCT Ventures is a venture capital firm founded by entrepreneurs that are passionate about people and believe
that an idea is only as good as the entrepreneur tasked with turning that idea into a great business model. Over
the past 20 years, NCT has helped build many successful companies. The firm is always excited about sharing its
partners’ experiences, methods and time with entrepreneurs through hands-on operational support. NCT believes
strongly in fostering an entrepreneurial culture in Central Ohio through a strong venture capital organization that
supports the launch and growth of venturable businesses in the central Ohio region.
Working with partners across business, state and local governments, academia, and the nonprofit sector, the
Ohio Department of Development works to attract, create, grow, and retain businesses through competitive
incentives and targeted investments. Engaged every day in marketing, innovating, investing, and collaborating,
the Ohio Department of Development works at the speed of business to accelerate and support the teamwork
that is necessary for success by providing financial, informational, and technical assistance to those making an
investment in Ohio’s future.
###
doc_317064019.pdf
In such a brief data with regards to the ohio state universitys fisher college center for entrepreneurship launches.
For Immediate Release
April 8, 2011
Media Contact:
Mike Hogan
614.383.1617
The Ohio State University’s Fisher College Center for Entrepreneurship
Launches New 10x Tech Accelerator for Aspiring Tech Entrepreneurs
NCT Ventures Guarantees One Team $200,000 in Follow-On Funding
Columbus, OH –The Ohio State University’s Fisher College Center for Entrepreneurship announced
today the launch of 10x, Ohio’s newest technology accelerator focused on the professional
development of young technology entrepreneurs and their innovative ideas for new businesses. 10x is
made possible through funding provided by the Ohio Third Frontier’s just-established Ohio’s New
Entrepreneurs (ONE) Fund.
The ONE Fund initiative is being spearheaded by Mark Kvamme, director of job creation for the State of
Ohio. Kvamme is a Silicon Valley venture capitalist and partner at Sequoia Capital, who was recruited
to head JobsOhio, Gov. John Kasich's new private economic-development corporation.
Modeled after other established and successful accelerators like Y-Combinator and TechStars, 10x will
recruit the strongest technology entrepreneurial teams, provide seed funding, and along with
experienced mentors and coaches, develop these young entrepreneurs and their innovative ideas to
attract significant follow-on venture capital. Young entrepreneurial teams will compete for 10 coveted
spots that will each receive $20,000 for business and living expenses during the 11-week development
program.
“We are organizing some of the nation’s best entrepreneurial development resources in support of the
10x teams,” said Michael Camp, executive director of Ohio State’s Center for Entrepreneurship and the
architect of the 10x program. “We expect to attract young entrepreneurs from around the world to come
and learn about the exciting and robust startup infrastructure in Ohio.”
NCT Ventures, a Columbus-based venture capital firm, is so confident in the Ohio entrepreneurship
community that they are guaranteeing one team to graduate the inaugural 10x program with $200,000
in follow-on funding to further pursue their venture.
“We see hundreds of young entrepreneurs every year that need only experience and guidance to be
venturable,” said Rich Langdale, founder and managing partner at NCT. “With the guidance and
support of the 10x program, we are confident that a number of these teams will not only raise significant
venture capital but will also become great companies in their own right.”
The participants must agree to live in Ohio for the duration of the program, and any company formed
through the program must be set up in Ohio. The teams will have access to all the resources provided
by the Center for Entrepreneurship, Ohio’ ONE Fund, NCT Ventures and the robust startup community
in central Ohio.The application is available at 10xelerator.com/
Applications are due no later than April 24, 2011. The 10x program begins June 13, 2011 and ends
September 1, 2011. Participants will have the opportunity to pitch their ideas to dozens of Ohio and
national venture capital and angel investor firms at the New Venture Showcase summit this fall.
“With the seed funding provided by the ONE Fund, the quality mentorship provided by 10x and the
guaranteed follow-on funding by NCT, our teams have a great chance of seeing their innovative ideas
become reality,” Camp noted.
Ranked by U.S. News and World Report among the top 25 business schools in the country, The Ohio State
University’s Fisher College of Business offers full-time, part-time, and executive MBA, Master of Accounting,
Master of Labor and Human Resources, Master of Business Logistics Engineering, and Master in Operational
Excellence programs. The college of business was started in 1916, and was named the Fisher College of
Business in 1993, in honor of Max M. Fisher, a noted philanthropist, industrialist, and alumnus of the college.
10X is a New Venture Accelerator launched this summer by the Fisher College of Business’ Center for
Entrepreneurship. 10x is a mentorship-driven investment program, focusing on technology startups. The program
focuses on providing money, mentors, and markets for its energetic information technology entrepreneurs.10x
mentors technology start-ups from ideation through execution.
Ohio Third Frontier, an unprecedented and bipartisan commitment to create new technology-based products,
companies, industries, and jobs, has attracted more than $5.9 billion in other investments to Ohio, and has a
nearly 9:1 return on investment since its inception. The Ohio Third Frontier has also assisted in the creation and
retention of more than 68,000 direct and indirect jobs for Ohioans. For more information, visit
ohiothirdfrontier.com.
NCT Ventures is a venture capital firm founded by entrepreneurs that are passionate about people and believe
that an idea is only as good as the entrepreneur tasked with turning that idea into a great business model. Over
the past 20 years, NCT has helped build many successful companies. The firm is always excited about sharing its
partners’ experiences, methods and time with entrepreneurs through hands-on operational support. NCT believes
strongly in fostering an entrepreneurial culture in Central Ohio through a strong venture capital organization that
supports the launch and growth of venturable businesses in the central Ohio region.
Working with partners across business, state and local governments, academia, and the nonprofit sector, the
Ohio Department of Development works to attract, create, grow, and retain businesses through competitive
incentives and targeted investments. Engaged every day in marketing, innovating, investing, and collaborating,
the Ohio Department of Development works at the speed of business to accelerate and support the teamwork
that is necessary for success by providing financial, informational, and technical assistance to those making an
investment in Ohio’s future.
###
doc_317064019.pdf