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Technology Ventures Summit Provides Support and Investment Opportunities to Local Entrepreneurs
Oklahoma Capital Investment Board. November 12, 2008
Tulsa – Nanotechnology that makes cotton resistant to stain, methods to harness the advertising power of social media networking: these are a few of the ideas and technologies emerging from Oklahoma research institutes and entrepreneurs. Many of these ideas and advancements were the focus of the second Technology Ventures Summit held November 12-13 at the Tulsa Downtown Doubletree. The Technology Ventures Summit offered intensive training and showcased emerging technology deals and opportunities and strategies for Oklahoma angel investors and entrepreneurs.
“Oklahoma has a significant entrepreneurial talent pool and the Technology Venture Summit provides an opportunity to showcase that talent to investors so these ideas and technologies can make it to the marketplace,” said Dave Humphrey, President of OEP.
The two-day event, which was co-hosted by the Oklahoma Capital Investment Board, Oklahoma Equity Partners, LLC (OEP) and the Oklahoma Business Roundtable, included concurrent one-day workshops providing practical advice and training to entrepreneurs and angel investors. The second day offered an opportunity for 12 local entrepreneurs to present their technological advances to potential venture capital and angel investors.
‘The Power of Angel Investing’ provided a comprehensive overview of the angel investing process. This workshop, for new-to-investing angels also shared best practices of due diligence, valuation, pricing and structuring and was developed by the Ewing Marion Kauffman Foundation and presented by i2E.
The workshop ‘Swing for the Fences’ was geared for small technology-oriented businesses and offered attendees the skills to prepare financing plans for early seed-stage ventures. Designed by the nation's leading seed investors for the National Association of Seed and Venture Funds, entrepreneurs got a candid view of how seed investors think, work and choose their investments. Jim Troxel, of the Chicago firm Development Capital Networks facilitated this training with four local venture investors assisting him.
Lunch on November 13 featured keynote speaker Steve Mercil, founder of RainSource Capital and one of the nation’s pioneers in building successful angel investor networks. Conference details conference are available online at www.ocib.org/tvs.
About Oklahoma Equity Partners
Oklahoma Equity Partners (OEP) was formed with the goal of seeking superior risk adjusted returns for its investors while expanding the supply of professionally managed equity capital available to businesses in the State of Oklahoma. OEP invests in operating companies that offer the potential for exceptional performance and long-term financial success.
About Oklahoma Capital Investment Board
The Oklahoma Capital Investment Board is the State of Oklahoma’s institution for building the private venture capital industry in Oklahoma. Since 1993, the Board has supported investment in nineteen venture capital funds, which in turn have attracted equity investment of over $120 million to Oklahoma projects. In addition, the board has supported nearly $42 million in development loans to just under 1,450 small Oklahoma companies.
Contact
Kym Koch Thompson
(405) 831-8668