C02 - CincyTech
Q.1
According to President and CEO, Bob Coy, Cincy Tech was formed in 2006 to address the gap in Southwest Ohio’s entrepreneurial ecosystem. Mr. Coy discussed the dynamic resources that were available in the region at that time. Of the items listed below, which was not one of those resources?
Two research institutes
Nine Fortune 500 companies
Fifteen business incubators
The Queen City Angels
Q.2
According to Mr. Coy, at the time Cincy Tech formed, the biggest obstacle to further grow the region’s ecosystem was the lack of capital for entrepreneurs to properly demonstrate their value proposition and attract further follow on capital necessary to grow their companies. How much capital did Cincy Tech determine was needed?
$500-000 to $1,000,00 over two years
$1,500,000 to $2,000,000 over two years
$2,000,000 to $2,500,000 over two years
$500,000 for the first year
Q.3
Cincy Tech has provided guidance and capital to 52 Information Technology, Bioscience and Advanced Materials companies. Of the $23,000,000 invested, what percentage was given to Information Technology companies?
50%
65%
75%
85%
Q.4
Mr. Coy shared the success story of Assure X Health, which has the potential to grown into one of the largest life science companies in the region. Where was the technology developed for Assure X Health?
University of Cincinnati
Cincinnati Children’s Hospital
Cincy Tech
Downtown Cincinnati Alliance for Health
Q.5
Another success story from Cincy Tech was a startup company that designed an app called, Chore Monster, which was designed to make chores fun for kids. What accelerator program was Chore Monster invited to participate in?
Flash Starts
Blackstone Launch Pad
BizDom
Disney