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Page 1: Veterans Initiative Panel: Veterans Opportunity Fund

Veterans’ Opportunity Fund1

Page 2: Veterans Initiative Panel: Veterans Opportunity Fund

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

Page 3: Veterans Initiative Panel: Veterans Opportunity Fund

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

Page 4: Veterans Initiative Panel: Veterans Opportunity Fund

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

Page 5: Veterans Initiative Panel: Veterans Opportunity Fund

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

Page 6: Veterans Initiative Panel: Veterans Opportunity Fund

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

Page 7: Veterans Initiative Panel: Veterans Opportunity Fund

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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


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