Veterans’ Opportunity Fund1

Veterans’ Opportunity Fund2

TEDCO Grant Programs

• Technology Validation Program• TechStart• University Technology Development Fund

• Patent Assistance Program• Maryland Innovation Initiative • Rural Business Innovation Initiative• Maryland Stem Cell Research Fund

• Pre-Clinical & Clinical Program• Investigator Initiated Program• Exploratory Research Program• Post-Doctoral Fellowship Program

Veterans’ Opportunity Fund3

TEDCO Funding Programs

Proof of Concept

Product Design

Tech Commercialization Fund – $75,000

Basic ResearchRural Business Innovation – $7500

University Laboratory Corporate Activity

Tech. Validation – $50,000

Stem Cell Research Fund $110K - $750M

Commercial Launch

F, F, F & F Seed, SBIR & TBED

MD Innovation Initiative – $200,000

TEDCO Affinity Funds – $500,000

Patent Support – $10,000

Grants, Corp. R&D Angels & Venture

Veterans’ Opportunity Fund4

TEDCO Investment Programs

• Technology Commercialization Fund• TEDCO Affinity Funds

– Propel Baltimore Fund– Veterans’ Opportunity Fund1

– Orange Knock Cyber Fund1

– Chesapeake Crescent Fund1

1-Currently in formation stage

Veterans’ Opportunity Fund5

Why a Veteran Fund

• First venture capital fund dedicated to veterans

• Over 20 million veterans of the United States Armed Forces

• Military is reducing its size

• Service in America’s Armed Forces is a leading indicator of future success

Veterans’ Opportunity Fund6

Veterans’ Opportunity Fund

VOF invests in businesses that are owned by veterans of the U.S. Armed Forces

• Initial fund size: $35 million• Initial portfolio investment: $1.0 + million• Industry focus: Technology, business services,

specialized manufacturing and healthcare• Differentiation: Veteran focus• Partners: Gino Dellarocco, Stuart Sutley, Chris College,

Rob Rosenbaum, Randy Domolky

Veterans’ Opportunity Fund7

Investment Thesis

• Service in America’s Armed Forces is a leading indicator of future success

• The Veteran business network is a powerful way to accelerate growth

• A fund which is solely focused on veterans will benefit from focus, brand recognition and critical mass

• No competition: traditional organizations working with veterans are training and/or mentorship oriented, not focused on providing investment dollars