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11/25/2008 3:15 PMPage 1
Igniting LA’s Breakthrough Businesses
www.nitro.la
11/25/2008 3:15 PMPage 2
Here’s the problem in Greater LA
• Early entrepreneurs struggle to find help
• Shortage of management talent
• Brain drain from LA to Northern California
• Region is under-served with fewer venture capital funds
• LA’s size & traffic discourages collaboration
11/25/2008 3:15 PMPage 3
Nitro’s Mission
Get more companies funded in Greater Los Angeles
11/25/2008 3:15 PMPage 4
Nitro’s Goals
• Build a supportive eco-system for the region’s emerging companies and technologies
– Increase the number of startups including companies spun- out from Caltech, UCLA and USC
– Improve the development eco-system for successful entrepreneurs
– Get more startups funded and ultimately successful
• Retain successful companies in Greater Los Angeles
11/25/2008 3:15 PMPage 5
What is Nitro?
• Nitro is part of Entretech, a nonprofit organization• Manages an elite Mentoring/EIR network across
greater Los Angeles• Model is based on San Diego Connect’s successful
Springboard program and MIT’s Venture Mentoring Service
• Supported by a network of strategic sponsors including Caltech, UCLA and USC
11/25/2008 3:15 PMPage 6
Mentor/EIR Program
• Roster includes successful entrepreneurs, executives and experts
• Serve as either Mentors or Entrepreneurs-in- Residence (EIRs)
• Entrepreneurs apply for a 3-5 month mentoring process and are matched with an appropriate and interested Mentor or EIR
11/25/2008 3:15 PMPage 7
Present Board Affiliations
11/25/2008 3:15 PMPage 8
Entretech Board of Directors
• Chairs– Chairman, Michael Giardello, founder and CEO, Materia, Caltech technology spin-
out– Vice Chairman, John Morris, managing director, GKM Ventures; chairman emeritus,
Tech Coast Angels• Directors
– Kathryn A. Atchison, Vice Provost, UCLA Intellectual Property and Industry Relations
– Zareh Baghdasarian, President and CEO, Tahoe Associates– Randy Churchill, Director, Business Development, PricewaterhouseCoopers – Bassil Dahiyat, Founder and CEO, Xencor, Caltech Life Science Spin-out– Fred Farina, Asst. Vice President, Office Of Technology Transfer, Caltech– Krisztina Holly, Vice Provost For Innovation, University Of Southern California;
Executive Director, USC Stevens Institute For Innovation– Richard Jones, Partner, Emerging Company Practice, Nixon & Peabody– Albert Schneider, Co-founder and Vice Chairman, Pasadena Angels; President, Tech
Coast Angels, Los Angeles Network– Louise J. Wannier, Founder and CEO, myShape
11/25/2008 3:15 PMPage 9
Value to Sponsors
• First look at proprietary, unique deal flow
• Brand awareness in elite community
• Access to network of companies, entrepreneurs and Mentors/EIRs
• Member of Nitro’s advisory board
• Produce business education programs supporting mission
• Catalyze regional growth, ensure future opportunities
• Participate with a two year funding commitment: $10,000 + $15,000
11/25/2008 3:15 PMPage 10
Access to Unique Resources
• Combines commercialization efforts of Caltech, UCLA and USC
• $1.7 billion in annual research grants• Access to world-class technical talent pool and
technology commercialization• Facilities of Strategic Sponsors provide virtual
footprint
11/25/2008 3:15 PMPage 11
To participate, contact:
Aaron RossProgram Director, Entretech [email protected] 310-751-0656
John Morris, Entretech Vice ChairmanManaging Director, GKM [email protected] 310-720-5643