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1 “Fostering a global family of entrepreneurs who through their successes make the world a better place.”

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Presentation on theme: "1 “Fostering a global family of entrepreneurs who through their successes make the world a better place.”"— Presentation transcript:

1 1 “Fostering a global family of entrepreneurs who through their successes make the world a better place.”

2 ABOUT US OUR MISSION Entrepreneurs helping entrepreneurs commercialize innovative technologies 2

3 MEET TECH FORT WORTH 3 Non-profit funded through: Government Universities Clients Sponsors Emerging Technology Business Incubator Our Secret Sauce: We are entrepreneurs helping entrepreneurs launch and grow emerging technology companies without taking equity in the company. We connect the startups to the resources in the community best able to help foster their success. Founded in 1998 As Fort Worth MedTech Inc. with original focus of medical devices. Today we work with founders with any emerging technology ideas.

4 WHY WE WERE FOUNDED In mid-1990 defense spending cuts dealt a severe blow to Fort Worth. At the time the defense industry amounted to 30% of Fort Worth’s economy. In the span of two weeks Fort Worth lost over 40,000 jobs. That was 8% of the population. Founders included: City of Fort Worth  Harris Methodist  Johnson & Johnson  Amon Carter Foundation UNT Health Science Center  Fresnel Technologies  Grant

5 OUR APPROACH - PROGRAMS Identifying research potential Building the business model Launching & getting to sales Accelerating business growth Funding early stage companies

6 PROGRAMS YIELD RESULTS TECH Fort Worth Clients - 2007-2015 Funding Dollars Investments$412,324,705 Sales$91,986,584 Debt$27,473,146 Grants$4,061,786 Total Funding $535,846,221 Jobs - FTE/FTEE 2,025 * Direct dollars, no multipliers *Fiscal year ending September 30th *Excludes ZS Pharma $2.7B acquisition by AstraZeneca *Excludes Cowtown Angels activity.

7 RESULTS IMPACT THE ECONOMY Technology founded in Indiana. Relocated to Texas to work with TECH Fort Worth, UNTHSC, & the Texas ETF. Working with Director of Economic Development to build new facility here!

8 FOSTERING INVESTMENTS IN STARTUPS

9 CITY OF FORT WORTH ROI Some of our partners: City of Fort Worth  UT Arlington  UNT Health Science Center  Lockheed  Sabre  Southwest Bank  TCU TechFW ROI to City - Direct Contributions City Fort Worth Contributions Direct Funding Dollars '07-'08 $0$3,836,000 '08-'09 $227,342$11,068,120 '09-'10 $198,924$12,839,533 '10-'11 $170,506$16,139,628 '11-'12 $142,088$23,071,462 '12-'13 $113,670$78,475,203 '13-'14 $85,252$189,633,427 '14-'15 $56,834$200,782,848 '15-'16 $28,416$0 TOTAL $1,023,032$535,846,221 *Direct dollars, no multipliers *Fiscal year ending Sept. 30th *Excludes ZS Pharma $2.7B acquisition by AstraZeneca *Excludes Cowtown Angels activity.

10 STARTUP ECOSYSTEM OPPORTUNITIES Founders invest & stay where they get their start – money stays in Fort Worth Large companies relocate to where there is a vibrant startup community GE cites MassChallenge as reason for choosing to locate to Boston “ GE officials were excited about the young, up-and-coming talent pool, the amount of research and development work going on in Boston, and the overall innovation activity. http://bit.ly/1QUiugF http://bit.ly/1QUiugF Capitalize on TECH Fort Worth Internationally recognized “TECH Fort Worth has been selected by the United States Agency for International Development (USAID) to help a group of 20 successful Latin American health services businesses expand their operations to the U.S.” http://bit.ly/1MjJhO9http://bit.ly/1MjJhO9 Unique model that works with universities, corporations, & government agencies Focused on high growth emerging technology businesses Challenges - other cities are investing heavily in their startup community

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12 CONTACTS 12 1120 South Freeway Fort Worth, TX 76104 www.techfortworth.org 817.339.8968 ADDRESS: WEBSITE: PHONE: TECH Fort Worth EMAIL: jorge@techfortworth.org darlene@techfortworth.org JORGE VARELA DARLENE BOUDREAUX

13 13 Entrepreneurs helping entrepreneurs commercialize innovative technology


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