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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.

TO LEARN MORE
    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.
        “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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P&G thinks young with ad deal
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Some things aren't forever
- High-tech startups get help
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