Friday, June 01, 2001
High-tech startups get help
Network to assist new owners
By John J. Byczkowski
The Cincinnati Enquirer
A Greater Cincinnati high-tech association has set up a network to help entrepreneurs get funding to start businesses, the group said Thursday.
The Circuit Cincinnati's Digital Connection calls its network C-Cap and has enlisted the Queen City Angels investment group and several accounting firms and law firms to help prepare entrepreneurs. The Queen City Angels have more than $3 million to help startups.
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TO LEARN MORE
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Information about C-Cap will soon be posted on the Circuit's Web site at http://www.thecircuit.net, or can be obtained by sending e-mail to c-cap@thecircuit.net.
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The goal is to help the entrepreneur with the financing and the resources he needs to be successful, Jim Cunningham, said director of C-Cap for the Circuit.
The Circuit is an alliance of more than 100 technology-based companies. Last year, when it was known as the Greater Cincinnati Software Association, it received a two-year, $500,000 Ohio technology grant to help develop the high-tech community in the region.
For C-Cap, the Circuit will help entrepreneurs shape their ideas to get their companies started. Mr. Cunningham said C-Cap has developed a template for a five-page business plan that entrepreneurs will complete and submit to investors.
The plans will be submitted to Queen City Angels, a group of investors led by Tony Shipley, the retired founder of Entek IRD in Mason. Investors who join the group must commit to investing $200,000 over two years, and $100,000 in the first year.
It's fun. That's one reason we're doing it, Mr. Shipley said.
As sponsors, C-Cap has lined up the accounting firms Ernst & Young, KPMG, Deloitte & Touche and PriceWaterhouseCoopers, as well as the law firms Graydon Head & Ritchey and Cors & Bassett.
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