meet ben what we invest in beyond capital · designers, prototypers, engineers, and small...
TRANSCRIPT
![Page 1: Meet Ben What we invest in Beyond capital · designers, prototypers, engineers, and small manufacturers offering companies a partnership for design, ra pid prototyping, and fabrication;](https://reader033.vdocument.in/reader033/viewer/2022052803/5f250e9500b5cf03e55c40c2/html5/thumbnails/1.jpg)
![Page 2: Meet Ben What we invest in Beyond capital · designers, prototypers, engineers, and small manufacturers offering companies a partnership for design, ra pid prototyping, and fabrication;](https://reader033.vdocument.in/reader033/viewer/2022052803/5f250e9500b5cf03e55c40c2/html5/thumbnails/2.jpg)
What we invest in
Beyond capital
Meet Ben
What we look for
![Page 3: Meet Ben What we invest in Beyond capital · designers, prototypers, engineers, and small manufacturers offering companies a partnership for design, ra pid prototyping, and fabrication;](https://reader033.vdocument.in/reader033/viewer/2022052803/5f250e9500b5cf03e55c40c2/html5/thumbnails/3.jpg)
![Page 4: Meet Ben What we invest in Beyond capital · designers, prototypers, engineers, and small manufacturers offering companies a partnership for design, ra pid prototyping, and fabrication;](https://reader033.vdocument.in/reader033/viewer/2022052803/5f250e9500b5cf03e55c40c2/html5/thumbnails/4.jpg)
At Ben Franklin Technology Partnersof Southeastern PA,we are partners witha purpose
4
![Page 5: Meet Ben What we invest in Beyond capital · designers, prototypers, engineers, and small manufacturers offering companies a partnership for design, ra pid prototyping, and fabrication;](https://reader033.vdocument.in/reader033/viewer/2022052803/5f250e9500b5cf03e55c40c2/html5/thumbnails/5.jpg)
For over 30 years,Ben has been the leading seed stage capital provider for the region’s tech sectors
5
![Page 6: Meet Ben What we invest in Beyond capital · designers, prototypers, engineers, and small manufacturers offering companies a partnership for design, ra pid prototyping, and fabrication;](https://reader033.vdocument.in/reader033/viewer/2022052803/5f250e9500b5cf03e55c40c2/html5/thumbnails/6.jpg)
Three decades of success have forged ourreputation as a venture investment leader, both nationally and in the region.
Ben is the most active investor in Philadelphia metro – Q3 2015
- PwC MoneyTreeTM
10Physical Sciences
Deals
18IT Deals
10Health Deals
10Digital Health
Deals
![Page 7: Meet Ben What we invest in Beyond capital · designers, prototypers, engineers, and small manufacturers offering companies a partnership for design, ra pid prototyping, and fabrication;](https://reader033.vdocument.in/reader033/viewer/2022052803/5f250e9500b5cf03e55c40c2/html5/thumbnails/7.jpg)
Steady source of qualifieddeal flow
An ally, focused on
growing technology
communities, industries, jobs and revenue
ForEntrepreneurs
ForInvestors
For Innovators and
Community Builders
What is Ben Franklin?
Non-profit venture capital
firm
![Page 8: Meet Ben What we invest in Beyond capital · designers, prototypers, engineers, and small manufacturers offering companies a partnership for design, ra pid prototyping, and fabrication;](https://reader033.vdocument.in/reader033/viewer/2022052803/5f250e9500b5cf03e55c40c2/html5/thumbnails/8.jpg)
Early Stage investments up to
$1MM lifetime$50K - $750K Core Investments
(at least 1:1 cash match, often more)
Best in class Due Diligence
Hands-on business development & management
assistance
Business development, management
consulting, fundraising, and
networking support
Extensive network of partners
Resources to help both young and
established ventures
Capital Counsel Connections
Why Ben Works
8
![Page 9: Meet Ben What we invest in Beyond capital · designers, prototypers, engineers, and small manufacturers offering companies a partnership for design, ra pid prototyping, and fabrication;](https://reader033.vdocument.in/reader033/viewer/2022052803/5f250e9500b5cf03e55c40c2/html5/thumbnails/9.jpg)
OUR INNOVATIVE PARTNERSHIPWhat we invest in
9
![Page 10: Meet Ben What we invest in Beyond capital · designers, prototypers, engineers, and small manufacturers offering companies a partnership for design, ra pid prototyping, and fabrication;](https://reader033.vdocument.in/reader033/viewer/2022052803/5f250e9500b5cf03e55c40c2/html5/thumbnails/10.jpg)
Ben Franklin’s Technology Sectors
10
IT Health Physical Sciences
Combined resources from IT
and Health
![Page 11: Meet Ben What we invest in Beyond capital · designers, prototypers, engineers, and small manufacturers offering companies a partnership for design, ra pid prototyping, and fabrication;](https://reader033.vdocument.in/reader033/viewer/2022052803/5f250e9500b5cf03e55c40c2/html5/thumbnails/11.jpg)
Technology to Ben Franklin
11
New scienceNew engineering
New ITNew health/digital health
New manufacturingNew uses for existing technology
Broadly defined, with a purpose.
![Page 12: Meet Ben What we invest in Beyond capital · designers, prototypers, engineers, and small manufacturers offering companies a partnership for design, ra pid prototyping, and fabrication;](https://reader033.vdocument.in/reader033/viewer/2022052803/5f250e9500b5cf03e55c40c2/html5/thumbnails/12.jpg)
12
IT Sector Overview
30Total Company
Exits
$203Min follow-on funding
raised
107 Deals Since 2011
Investments total
$14.5M since 2011
![Page 13: Meet Ben What we invest in Beyond capital · designers, prototypers, engineers, and small manufacturers offering companies a partnership for design, ra pid prototyping, and fabrication;](https://reader033.vdocument.in/reader033/viewer/2022052803/5f250e9500b5cf03e55c40c2/html5/thumbnails/13.jpg)
13
SUCCESS STORY
Ben Participation:Three investments totaling $350K in 2012 and 2013 for testing, development and commercialization.
Growth:• 3 employees to 13 employees since
Ben’s investment.
Success:• Signed major retailers including
Bed Bath and Beyond, and Lord & Taylor;• More than 5M downloads since launch;• Acquired by Slyce for $6.5M;
o Project Liberty’s first exit;o Company staying in Philadelphia, PA.
![Page 14: Meet Ben What we invest in Beyond capital · designers, prototypers, engineers, and small manufacturers offering companies a partnership for design, ra pid prototyping, and fabrication;](https://reader033.vdocument.in/reader033/viewer/2022052803/5f250e9500b5cf03e55c40c2/html5/thumbnails/14.jpg)
59 Deals Since 2011
14
Health Sector Overview
9Total Company
Exits
$415Min follow-on funding
raised
Investments total
$10.5M since 2011
Digital Health
![Page 15: Meet Ben What we invest in Beyond capital · designers, prototypers, engineers, and small manufacturers offering companies a partnership for design, ra pid prototyping, and fabrication;](https://reader033.vdocument.in/reader033/viewer/2022052803/5f250e9500b5cf03e55c40c2/html5/thumbnails/15.jpg)
SUCCESS STORY
Ben Participation:$750K invested since 2006 for the testing and deployment of a migraine treatment patch.
Growth:• 3 employees to 20+ employees since
Ben Franklin investment
Success:• IPO raising more than $50M to develop a
revolutionary transdermal migraine patch, in 2010
• In 2013, NuPathe's Zecuity was approved by the FDA
• Acquired by Teva Pharamceuticals for $144M
15
![Page 16: Meet Ben What we invest in Beyond capital · designers, prototypers, engineers, and small manufacturers offering companies a partnership for design, ra pid prototyping, and fabrication;](https://reader033.vdocument.in/reader033/viewer/2022052803/5f250e9500b5cf03e55c40c2/html5/thumbnails/16.jpg)
55 Deals Since 2011
16
Physical Sciences Sector Overview
17Total Company
Exits
$580Min follow-on funding
raised
Investments total
$12.5M since 2011
![Page 17: Meet Ben What we invest in Beyond capital · designers, prototypers, engineers, and small manufacturers offering companies a partnership for design, ra pid prototyping, and fabrication;](https://reader033.vdocument.in/reader033/viewer/2022052803/5f250e9500b5cf03e55c40c2/html5/thumbnails/17.jpg)
17
SUCCESS STORY
Ben Participation:$250K investment in 2012, $200K in 2014 to accelerate sales and deployment.
Growth:• 8 employees at time of acquisition.
Physical Expansion:In late 2013, the Navy Yard GridSTAR Smart Grid Experience Center was developed with PSU, PIDC, DOE, and the Commonwealth of Pennsylvania.
Success:• Solar Grid Storage Awarded DOE SunShot Award
for Innovative Approach to Solar + Storage Deployment;
• Acquired by SunEdison in March 2015;o Company staying in Philadelphia, PA.
![Page 18: Meet Ben What we invest in Beyond capital · designers, prototypers, engineers, and small manufacturers offering companies a partnership for design, ra pid prototyping, and fabrication;](https://reader033.vdocument.in/reader033/viewer/2022052803/5f250e9500b5cf03e55c40c2/html5/thumbnails/18.jpg)
OUR INNOVATIVE PARTNERSHIPBeyond capital
18
![Page 19: Meet Ben What we invest in Beyond capital · designers, prototypers, engineers, and small manufacturers offering companies a partnership for design, ra pid prototyping, and fabrication;](https://reader033.vdocument.in/reader033/viewer/2022052803/5f250e9500b5cf03e55c40c2/html5/thumbnails/19.jpg)
19
Structured as a virtual accelerator, FabNet provides a network of designers, prototypers, engineers, and small manufacturers offering
companies a partnership for design, rapid prototyping, and fabrication; Matching funds; and access to specialized facilities.
$92KFunds
Deployed
20Client
Engagements
40Companies
Assisted
9New
Products Developed
$800KBen Franklin
Funding
$1.5MAdd’l Follow on Funding
![Page 20: Meet Ben What we invest in Beyond capital · designers, prototypers, engineers, and small manufacturers offering companies a partnership for design, ra pid prototyping, and fabrication;](https://reader033.vdocument.in/reader033/viewer/2022052803/5f250e9500b5cf03e55c40c2/html5/thumbnails/20.jpg)
Regional Accelerators/Incubators
20
![Page 21: Meet Ben What we invest in Beyond capital · designers, prototypers, engineers, and small manufacturers offering companies a partnership for design, ra pid prototyping, and fabrication;](https://reader033.vdocument.in/reader033/viewer/2022052803/5f250e9500b5cf03e55c40c2/html5/thumbnails/21.jpg)
University Commercialization Partnerships
21
![Page 22: Meet Ben What we invest in Beyond capital · designers, prototypers, engineers, and small manufacturers offering companies a partnership for design, ra pid prototyping, and fabrication;](https://reader033.vdocument.in/reader033/viewer/2022052803/5f250e9500b5cf03e55c40c2/html5/thumbnails/22.jpg)
A new public/private partnership designed to ensure Pennsylvania’s
prominence in the life science industry by retaining and
redeploying highly qualified employees.
22
Navigator offers flex space and virtual services that provides a
risk reduced “soft landing,” market entry services, and an
established network in the Greater Philadelphia area
market.
Ben programs
![Page 23: Meet Ben What we invest in Beyond capital · designers, prototypers, engineers, and small manufacturers offering companies a partnership for design, ra pid prototyping, and fabrication;](https://reader033.vdocument.in/reader033/viewer/2022052803/5f250e9500b5cf03e55c40c2/html5/thumbnails/23.jpg)
23
Partners Description• Regional open innovation model to address health
care challenges, stimulate & attract innovation, & create a virtual test bed across major institutions.
Goal• Accelerate commercialization & adoption of
health care solutions to increase quality of care and reduce costs.
Highlights• Informed by “Digital Health: Building on our Strengths,”
produced by Ben Franklin, CEO Council for Growth, EY, Fairmount Partners, and the Greater Philadelphia Alliance for Capital and Technologies (PACT);
• Dedicated staff within CEO Council for Growth;• Integrated with restructured Ben Franklin process for
health care investments.
Health Care Innovation Collaborative
![Page 24: Meet Ben What we invest in Beyond capital · designers, prototypers, engineers, and small manufacturers offering companies a partnership for design, ra pid prototyping, and fabrication;](https://reader033.vdocument.in/reader033/viewer/2022052803/5f250e9500b5cf03e55c40c2/html5/thumbnails/24.jpg)
Med Device Stakeholders Meetings
24
On a quarterly basis a group
of executives from leading
health providers and insurers
are brought together to help
our partners gain insight
about how best to face
industry challenges.
![Page 25: Meet Ben What we invest in Beyond capital · designers, prototypers, engineers, and small manufacturers offering companies a partnership for design, ra pid prototyping, and fabrication;](https://reader033.vdocument.in/reader033/viewer/2022052803/5f250e9500b5cf03e55c40c2/html5/thumbnails/25.jpg)
OUR INNOVATIVE PARTNERSHIPWhat we look for
25
![Page 26: Meet Ben What we invest in Beyond capital · designers, prototypers, engineers, and small manufacturers offering companies a partnership for design, ra pid prototyping, and fabrication;](https://reader033.vdocument.in/reader033/viewer/2022052803/5f250e9500b5cf03e55c40c2/html5/thumbnails/26.jpg)
Location
26
![Page 27: Meet Ben What we invest in Beyond capital · designers, prototypers, engineers, and small manufacturers offering companies a partnership for design, ra pid prototyping, and fabrication;](https://reader033.vdocument.in/reader033/viewer/2022052803/5f250e9500b5cf03e55c40c2/html5/thumbnails/27.jpg)
Investment Criteria
27
Company must match Ben Franklin investment at least
dollar for dollar
All cash match more competitive; likely to need more than 1-1
Ben Franklin funding should be
spent in Pennsylvania, if
feasible
Funds may not be used for
purchasing equipment or basic
research
The company must be a sustainable, for-profit business (not necessary to be a venture-type business)
Milestone-based technology &/or
commercialization activities
Sound financial management and
corporate governance
![Page 28: Meet Ben What we invest in Beyond capital · designers, prototypers, engineers, and small manufacturers offering companies a partnership for design, ra pid prototyping, and fabrication;](https://reader033.vdocument.in/reader033/viewer/2022052803/5f250e9500b5cf03e55c40c2/html5/thumbnails/28.jpg)
Application Process
28
Submit non-confidential Executive Summary, with Budget and Milestones
Submit complete application
Q&A with Technical Advisory Committee
Due diligence review
Presentation to Investment Advisory Committee
Board Action
Roughly 8-16 Weeks
![Page 29: Meet Ben What we invest in Beyond capital · designers, prototypers, engineers, and small manufacturers offering companies a partnership for design, ra pid prototyping, and fabrication;](https://reader033.vdocument.in/reader033/viewer/2022052803/5f250e9500b5cf03e55c40c2/html5/thumbnails/29.jpg)
What you need to start the conversation
29
Executive Summary Business PlanOR
![Page 30: Meet Ben What we invest in Beyond capital · designers, prototypers, engineers, and small manufacturers offering companies a partnership for design, ra pid prototyping, and fabrication;](https://reader033.vdocument.in/reader033/viewer/2022052803/5f250e9500b5cf03e55c40c2/html5/thumbnails/30.jpg)
Contact us
30
Khalilah RajisCoordinator, Client &
Partner Relations215.972.6700 x3225
Mark S. TrabboldDirector, Technology Commercialization215.972.6700 x3010
![Page 31: Meet Ben What we invest in Beyond capital · designers, prototypers, engineers, and small manufacturers offering companies a partnership for design, ra pid prototyping, and fabrication;](https://reader033.vdocument.in/reader033/viewer/2022052803/5f250e9500b5cf03e55c40c2/html5/thumbnails/31.jpg)
31
Questions?
![Page 32: Meet Ben What we invest in Beyond capital · designers, prototypers, engineers, and small manufacturers offering companies a partnership for design, ra pid prototyping, and fabrication;](https://reader033.vdocument.in/reader033/viewer/2022052803/5f250e9500b5cf03e55c40c2/html5/thumbnails/32.jpg)
Thank You