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Z 900.5 E61r 2003 c.l The Entrepreneur's Resource Guide for Oklahoma The Center for Entrepreneurship . at The Entrepreneur's Resource Guide for Oklahoma Compiled & Edited Bv: Monika lackev The Center for Entrepreneurship at Ell A special thank you to Dr. Grady Pennington and the Oldahoma Small Business Development Center for providing funding for this publication. Acknowtedqements. Also, thanks to Dr. Bill Mayfield, Dean of the ECU School of Business and Director or the Center for Entrepreneurship, for his input and oversight of this project. The Project The purpose of this project is to make the entrepreneur's search for information and resources easy, less confusing, and less time consuming. This project was conceived from its very beginning as an evolving and dynamic process. The research methods employed were of normal Internet search using several publications as the anchor or beginning point for our search. We used several configurations of the term "entrepreneur" in our keyword search process. Needless to say there was an enormous quantity of information to sift through. Further, each organization appearing in this edition was e-mailed or otherwise notified and requested permission to use your web information. Many of you responded favorably and many of you never responded. We hope all of you will be pleased at the format in which we presented your information. If you wish to make changes please notify us at the address below as we wish to include the proper information that represents what you do. We acknowledge that this first edition is not complete as we recognize the dynamic environment in which entrepreneurship occurs. Therefore, please accept our apology if there is an organization, a service, or an institution that we have not included in this first edition. We encourage you to notify us at: Dr. William M. Mayfield The Center for Entrepreneurship School of Business East Central University 1100 East 14th Street Ada, Oklahoma 74820 wmayfield@mailclerk.ecok.edu. If anyone knows of an organization that we have omitted please notify us and we will include them in next year's edition. Likewise if there is any organization, service, or institution that is included and the information is incorrect we request that you notify us ant the addresses above so that we may provide the correct information to the entrepreneurs of Oklahoma. "This Cooperative Agreement is partially funded by the U.S. Small Business Administration. SBA's funding is not an endorsement of any products, opinions, or services. All SBA funded programs are extended to the public on a nondiscriminatory basis." ACKNOWLEDGEMENT To all of the entrepreneurs in Oklahoma whose visions will change the face of Oklahoma, let it be known that this book is the first attempt to identify all of the resources available in Oklahoma to assist you in accomplishing your dreams. This edition could not have been possible if it weren't for the following people and institutions. First and foremost Ms. Monika Lackey, who voluntarily spent hours on the Internet, reading, compiling and reviewing the information in this first edition. Second, Dr. Duane Anderson, without whose guidance this edition would never have been published. Dr. Bill S. Cole, President of East Central University whose vision in creating the Center for Entrepreneurship brought the people together to create this volume. Finally, Dr. Grady Pennington, State Director of the Oklahoma Small Business Development Centers, his kind words of encouragement and especially his funding without which this first edition would never have been published and distributed. Table of Contents AdaJobsFoundation 1 Bankof Oklahoma 2 Business ResourceEconomic Center 3 CareerTech 5 Centerfor Entrepreneurshipat ECU 7 ChisholmPrivateCapital 9 Davis, TuttleVenturePartners 10 DeepForkAdvisors 13 Entrepreneursof Tulsa 15 EnterpriseOKVentureFund 16 First Capital Corporation 18 First United Bank 19 ForemanInvestmentCapital 20 Metafund 22 Micro BusinessResourceOffice 25 OklahomaAlliancefor ManufacturingExcellence 26 OAME- LeanEnterpriseProgram 27 Oklahomacapital Network 29 OklahomaCenterfor the Advancementof Science& Technology 31 OCAST-OklahomaAppliedResearchProgram 33 OCAST-SmaBllusinessResearchAssistanceProgram 35 OCAST-TechnologByusinessFinanceProgram 37 Oklahoma Department of Commerce Oklahoma Department of Tourism & Recreation Oklahoma Developmental Finance Authority Oklahoma Industrial Finance Authority Oklahoma Inventor's Assistance Services Oklahoma Investment Forum Oklahoma Jobs Creation Oklahoma ute Sciences Fund Oklahoma Native American Business Development Council Oklahoma Small Business Development Center Oklahoma Technology Commercialization Council OTCC-Angel Accredited Investor Network OTCC-Business Accelerator Program Oklahoma Venture Forum Open Mind Ventures Program for Investment in Micro-Entrepreneurs Quality Jobs Program RBCVentures Rural Enterprises Inc REI- Equipment Program REI- Financial Services REI- Rural Women's Business Center SpiritBank 40 42 46 48 50 52 53 54 56 58 61 63 65 72 73 74 76 77 79 81 82 83 84 Appendix Oklahoma Department of Commerce Locations Oklahoma Certified Business Incubators OSBDCState Office Locations Career Tech Locations A 1-1 A2-1 A3-1 A4-1 1 Ada Jobs Foundation Organization: Ada Jobs Foundation Address: 300W. Main Ada, OJ( 74820 Phone: (580) 332-2506 Fax: (580) 580} 332-2578 Contact Name: Evan Zorn, CEO Web Site: www.adaworks.org Email: NjA Services: BusinessTechnical Assistance General Information: The mission of the Ada Jobs Foundation is to create and retain quality jobs for the Ada area. We serve as a "one-stop-shop" by coordinating with the city and other entities for your benefit. Pleasecontact us and let us show you how your company can be very successful doing business here in Ada. Preferred Industry: NjA Assistance: Ada Jobs Foundation can help you locate your business in Ada, Oklahoma by connecting the right location, equipment, and facilities for your business. They can also help you take part in the local business incentives offered. Eligibility: NjA NjA NjA NjA Evaluation Criteria: Special Conditions: Additional Information: Bank of Oklahoma Organization: Bank of Oklahoma Address: 7701 S. Western Ave Oklahoma City, OK 73139 Phone: (405) 616-7501 Fax: (405) 616-7546 Contact Name: Kevin Guarnera, Senior Vice-President WebSite: www.bok.com Email: kguarnera@bokf.com Services: Financing General Information: Bank of Oklahoma, N.A. is certified and preferred lender in the U.S. Small Business Administration Joan programs. Preferred Industry. N/A Assistance: Commercial and Small Business loans, Treasury Management, International Services, Personal Trust and Wealth Management, Employee Benefit Plans. Eligibility: N/A Evaluation Criteria: N/A Special Conditions: NjA Additional Information: N/A 2 3 Business Resource Economic Center- Carl Albert State College Organization: Business Resource Economic Center- Carl Albert State College Address: Carl Albert State College 1507 South McKenna Poteau, OK74953 Phone: (918) 647-1219 Fax: (918) 647-1218 Contact Name Un Bohanan, Dean of Economic & Global Development WebSite: www.carlalbert.ed4..brec/lndex.htm. Email: joycethomas@carlalbert.edu Services: Business Technical Assistance General Information: BREC'sMission: Toprovide quality consulting services that contribute to the economic growth of businesses, industries and communities in southeast Oklahoma. Assistance: BREC'sServices: To provide information on developing, expanding, or reorganizing a business or industry, To assist in defining global markets, production strategies, and modern technologies aimed at growing businesses, And to offer instruction in cutting-edge theories related to management systems, operations, public and private sector contract procurement, financing, engineering, and international trade practices Eligibility: Evaluation Criteria: Special Conditions: Additional Information: BRECconsultants offer services to any existing or developing business or industry requesting assistance. These professional services are free and confidential. However, certain materials or third-party consultants may impose an expense when agreed to in advance by the client. Call or write for an appointment with a BRECconsultant tOday. N/A Sponsored by The OkJahoma State Regents for Higher Education in association with the program partners listed below. The OkJahoma Alliance for Manufacturing Excellence The OkJahoma Small Business Development Center The OkJahoma Department of Commerce CASe's faculty and academic programs 4 Career Tech Organization: Oklahoma Dept. of career and Technology Education Address: Phone: Fax: Contact Name Web Site: Email: Services: General Information: Assistance: 900 N. Stiles P.O. Box 26980 Oklahoma City,OK73126 (405) 815-5110 NjA VikJdDearing, Economic Development Uaison www.okcareertech.orglmain/busind.htm vikJd_dearling@odoc.state.ok.us Business Technical Assistance & Employee Training When it comes to serving business and industry, Oklahoma's career and technology education system knows how to do it right. They understand that productivity and profit matter. Whether you are a company considering locating in Oklahoma, an existing Oklahoma company, a small business person wishing to grow your business, or an entrepreneur just getting started - they have programs and services in place to help you achieve your goals. Their system of 54 technology center campuses covers the state so, no matter where you are located or thinking of locating they are there to serve you. New and expanding qualifying companies can count on having a productive workforce at start up - at no cost to the company - by taking advantage of our Training for Industry (TIP)program. Oklahoma companies can make sure existing employees are up-to-date with the latest skills and knowledge by taking advantage of programs like Customized Business and IndUstry Training, Existing Industry Training, Management and Organization Development, career Development for Adults and our award-winning Safety Training. 5 Small businesses and entrepreneurs can expand and grow stronger by taking advantage of programs like Small Business Management and Self-Employment Training. In addition, several technology centers sponsor or have connections to business incubators. Companies of all types and sizes may find that they can benefit from the Oklahoma Bid Assistance Network and the Oklahoma Electronic Commerce Connection Eligibility: IWA Evaluation Criteria: IWA Additional Information: Seeappendix for Career-Tech locations. 6 Organization: The Center for Entrepreneurship at ECU Center for Entrepreneurship At East Central University Address: 1100 E. 14th Ada, OK 74820 Phone: (580) 310-5274 Fax: (580) 421-9801 Contact Name: Dr. Bill Mayfield Dean of the ECUSchool of Business and Director of the Center for Entrepreneurship WebSite: NjA Services: Entrepreneurship Training Emai/: wmayfield@mailclerk.ecok.edu General Information: Mission: The Center for Entrepreneurship at ECUgrows entrepreneurs. We do this by facilitating opportunities, curriculum, internship, business plan competition, and community outreach. Preferred Industry: NjA Assistance: The Center for Entrepreneurship at ECU offers a Ouick Advantage Entrepreneurship program. The University Also offers Oklahoma's only undergraduate degree in Entrepreneurship. The ECUOuick-Advantage Entrepreneurship program creates entrepreneurs. It is a non-degree certificate program created to work with any person wishing to create or expand a business. 1. Course work 2. Business Plan Development 3. "Aftercare" The program comprises of three interrelated segments: 7 The program consists of four courses delivered on the ECUcampus. The certificate of completion is awarded only to those individuals completing the four courses within the twelve-month time frame. Each course in the curriculum is specifically designed to deliver a portion of the total set of tools you will need to successfully start and grow a new business or expand an existing business. The courses will be offered on Saturdays. The courses offered consist of: opportunity Recognition Entrepreneurial Finance Marketing for the Entrepreneur Venture Creation and Growth Eligibility: NfA Evaluation Criteria: NfA SPecial Conditions: NfA Additional Information: NfA 8 Chisholm Private Capital, Inc. Organization: Chisholm Private capital. Inc. Address: 211 N. Robinson, Suite 1900 Oldahoma City, OK 73102 Phone: (405) 605-1111 Fax: (405) 605-1115 Contact Name John Frick. General Partner Web Site: www.chisolmvc.com Email: jfrick@chisolmvc.com Services: Financing General Information: Their General Partners work with founders and entrepreneurs to create and realize significant shareholder wealth. Each investment receives a unique approach of non-financial and financial support from Chisholm. This support evolves over the life of the investment. Chisholm is entrepreneur friendly, and frequentfy invests with management teams without prior IPO experience. They actively participate as Board members and frequentJy recruit qualifIed, Independent directors as well as key managers. Their extensive contacts provide critical access to ideas, opportunities and information. Assistance: Chisholm typically invests $ 1 to 5 million in a company, normally In stages as goals or milestones are met. They seek to ensure that each company has enough capital available at each stage to take advantage of unexpected opportunities or overcome unanticipated difficulties. Eligibility: Chisholm does not Invest in life-style businesses, those that lack full-time management, businesses with significant regulatory risk. or non-U.S. based companies. Evaluation Criteria: N/A NjA NjA Special Conditions: Additional Information: 9 Davis. Tuttle Venture Partners Organization: Davis, Tuttle Venture Partners Address: 320 S. Boston, Suite 1000 Tulsa, OK74103 Phone: (918) 584-7272 Fax: (918) 584-3404 Contact Name Barry Davis WebSite: www.davistuttJe.com Email: bdavis@davistuttJe.com Services: Financing General Information: Davis, Tuttle Venture Partners (OTVP)is a private investment partnership formed to provide emerging growth companies with the necessary long-term development capital, as well as vital management counsel and support. Assistance: OTVP invests in traditional venture capital situations, as well as acquisitions and other special opportunities. Its goals are to invest in companies distinguished by exceptional management and extraordinary growth opportunities - and then to maximize investment returns by supporting management in strategic matters and by providing Objectivity and discipline to company policy decisions. Eligibility: People, not capital, turn dreams into realities. Accordingly, in evaluating an investment opportunity, the caliber, depth, and dimension of a company's management team are all-important. The key managers should: • Be a well-balanced group in terms of technical competence and proven managerial skiffs 10 • Have strategic philosophies, policies, and goals compatible with DTVP • Have a material commitment to the venture's success • Be honest and reliable - exemplars of the highest standards of conduct • Demonstrate the ability to make money The prospective portfolio company should embody: • Extraordinary potential for growth and capital appreciation • Distinctive competitive advantages and products or services with clear-cut market differentials • Investment needs in the $500,000 to $5,000,000 range - up to $20,000,000 in certain situations • Application of proven state-of-the-art technologies to their products and services • A coherent growth strategy presented in a clear and concise business plan • A high probability of generating investment returns proportional to the risks Requirements: When DTVPbecomes aware of an investment possibility, the following process begins: Preliminary Screening - DTVPwill review the business plan prepared by the company. This plan describes the management, history and background, marketing, competition, financial information, product or service differentiation, and upside potential and downside risk. Personal Meeting - DTVPwill meet with the management team. 11 Investment Structure - DlVP will examine each opportunity according to its discreet risks, liquidity, upside potential and financing needs. Detailed Review and Due Diligence - DlVP will undertake a thorough review and survey to validate the company's strategies, the uniqueness of its products or services, its financial and managerial strength, and other vital factors. Final Approva'- DTVPwill prepare a comprehensive internal investment memorandum. This document reviews DTVP'sfindings as well as the investment terms and conditions that will lead to a final decision and closing of the transaction. After an investment has been closed, DTVP'sprincipals begin monitoring progress and providing active company support. Again, this is where some of DlVP's most significant enhancements to the company's vitality and future value are made. DTVPencourages prospective companies to submit their business plans. They will be treated in strictest confidence and responded to in a timely manner. Special Conditions: NjA Additional Information: NjA 12 Fax: (918) 298-1711 Deep Pork Advisors Organization: Deep ForI<Advisors Address: 8801 S.Yale, Suite 405 Tulsa, 01< 74137 Phone: (918) 298-0488 Contact Name Jon Weise, CEO Web Site: www.deepforl<advisor.com Email: jon@deepforl<advisor.com Services: Financing and Consulting General Information: Deep Fork Advisors is dedicated to guiding their clients to deliver sustained, superior performance by providing strategy consulting, investment capital and leadership coaching. They worl< with entrepreneurs and corporate managers to develop comprehensive strategies that will accelerate, reposition or turn around their businesses. Assistance: They offer experience, perspective, proven results and unique contacts gained during the past two decades of leading firms through periods of rapid change. Using their proprietary Business DNA process, Deep ForI<Advisor's provide measurable improvements in strategic positioning, revenue growth, operating margins, employee and customer satisfaction. All of their Advisors have proven success at starting, accelerating and transforming businessess of all sizes. l3 Eligibility: N/A Evaluation Criteria: Valuation: lessthan $4MM Stage: growth (product development complete, beta clientsJor managed growth (revenue, accelerating marketingJ Industry: web services, wireless, communications hardware/software Management Team: proven relevant experience, personally invested, passionate, work well together Market Size:$1B market opportunity Business Model: scaleable to $25MM+ revenue in year five; simple revenue model Defensible Barriers: strong control points or "speed bumps" that create some barrier to entry Value Proposition: demonstrable, economic value proposition @ 5-1OX best alternative Location: Oklahoma, North Texas Miscellaneous: real customers, repeat clients even better, draft business plan, low capex, reasonable valuation, new product in an old market Special Conditions: N/A Additional Information: N/A 14 Entrepreneurs of Tulsa Organization: Entrepreneurs of Tulsa Address: 401 S.Boston, Suite 1810 Tulsa, Oklahoma 74103-40 18 Phone: (918) 582-6131 Fax: (918) 584-4213 Contact Name: Jon McLearan Web Site: www.etulsa.org Email: johnm@wordspinners.com Services: Networking General Information: Entrepreneurs of Tulsa (ET)is a 13-year-old organization that is dedicated to serving entrepreneurs. Our mission is: Toprovide leadership and assistance for entrepreneurs to be successful by providing education, information and group mentoring. All of us who are entrepreneurs know how critical it is to develop a network of business contacts. There is no better place to network and collaborate with fellow Entrepreneurs than Entrepreneurs of Tulsa. Come share show of the most pressing issuesfacing businesspeople today, And, hopefully, you will take some solutions back to your businesses. Assistance: NjA Eligibility: To be a part of this exciting organization, all you have to do is complete the membership information form. Dues are $60 a year for individuals. There are company and corporate memberships as well. We guarantee you there is no better value for an Entrepreneur in Tulsa. Evaluation Criteria: NjA Special Conditions: NjA Additional Information: NjA 15 Enterprise OK Venture Fund Organization: Oklahoma Capital Network Address: 840 Research Parkway, Suite 250 Oklahoma City, OK 73104 Phone: (405) 235-2305/ (800) 337-0TCC Fax: (405) 235- 2252 Contact Name Tom Francis Web Site: www.otcc.org Email: Tom_Francis@otcc.org Services: General Information: The Enterprise Oklahoma Venture Fund is an Oklahoma company formed to make venture capital investments in Oklahoma-based companies. Eligibility: To qualify as an Oklahoma-based company, 50% of the company's assets or employees must be located in Oklahoma after the venture investment. Companies must also meet the federal Small BusinessAdministration (SBA)requirements for small businesses, usually less than 500 employees, or $5.0 to $25.0 million in revenue, depending on SBAStandard Industry Classification size definitions. 16 • Oil and Gas Exploration • Real Estate Development, Salesor leasing • Wholesale Sales • Retail Sales • Farming and Ranching • Banking, lending, Investing and Insurance Evaluation Criteria: NjA Special Conditions: The following industries are NOT qualified for investment from the Enterprise Oklahoma Venture Fund: All other industries in any stage of development will be considered for investment. Additional Information: Other investment criteria that must be met to qualify for investment from the fund have been developed by the fund's Investment Committee. 17 First Capital Corporation Organization: First Capital Corporation Address: 3520 N.W. 58th Street Oklahoma City, OK 73112 Phone: (405) 917-1117 Fax: (40S) 917-9660 Contact Name Mr. Ross Norwood, Regional Director WebSite: rnorwood@frstcapital.com· Email: www.frstcapital.com Services: Leveraged Financing General Information: Our Mission: First Capital's mission is to deliver unique solutions to the financial challenges facing our nation's developing and growing enterprises. Driven by our dedication to deliver true value with uncompromising integrity, we will respond with timeliness and vision to our customers' needs. Building and nurturing trusting relationships will serve as the cornerstone to our success. Assistance: First Capital Corporation provides a unique solution to business funding- asset-based financing. Eligibility: To find out if you are eligible to receive a loan fill out the online application form or call (405) 917-1117. NjA NjA NjA Evaluation Criteria: Special Conditions: Additional Information: 18 Organization: First United Bank - SBIC First United Bank - SBle Address: P.O. Box 130 Durant, OK 74702 Phone: (580) 924-2211 Fax: (580) 924-0916 Contact Name: Brian Mantzey WebSite: www.firstunitedbank.com/servicesSBIC.cfm Emall: brianm@firstunitedbank.com Services: Leveraged Financing General Information: First United Venture Capital Isa licensed Small Business Investment Company (SBIe) operating as a wholly owned bank subsidiary. Headquartered In Durant, OkJahoma, First United provides capital to growing companies for acquisition & expansion. The preferred investment range would be from $100,000 to $500,000 with flexibility In structuring debVeqully instruments appropriate to a defined intermediate term exit strategy. First United places emphasis on Investment In non-metropolitan operating companies, which comptements the bank's commitment to support economic development In small communities in Oklahoma and Texas. First United VenbJre Capital has the unique ability to draw upon bank resources and traditional bank products while strengthening target company capital structure through direct investment. Assistance: N/A Eligibility: NjA Evaluation Criteria: ~A Special Conditions: ~A Additional Information: N/A 19 Foreman Investment Capita. Organization: Foreman Investment Capital Address: Mid<ontinent Tower 401 S. Boston, Suite 900 Tulsa, OK 74103 Phone: (918) 295-8054 Fax: (918) 295-8048 Contact Name Scott Zarrow, President Web Site: www.foremancap.com Email: sfz@zarrow.com Services: Financing: Working Capital, Financing Venture Capital General Information: We are a Tulsa-based investment firm. Investing for our own account, Foreman's approach is that of a long-term, buy and hold investor. We are especially sensitive to the unique concerns of family owned businesses considering a sale. Assistance: Foreman's focus is on buyouts of established manufacturers of branded industrial low to medium technology products, Eligibility: NjA Evaluation Criteria: Buyouts Our focus is on established manufacturers of branded industrial low to medium technology products. Location: Prefer but do not require businesses located within 500 miles of Tulsa. Revenues: $5 - 20 million. Pretax cash flow: Above $500,000, steady or growing, Management: Strong team interested in continuity. 20 Special Conditions: Additional Information: Venture Investments We also make minority investments in profitable, growing companies anywhere in the U.S.seeking to expand their production, technical or marketing capabilities. We are not interested in real estate, oil & gas, or retail opportunities. NjA 21 MetaFund Organization: MetaFund Address: Phone: Fax: Contact Name Web Site: Email: Services: General Information: 2225 N. May Oklahoma City, Of{ 73107 (405) 949-0001 (405) 949-9005 Michael W. Harlan www.MetaFund.org Mharlan@MetaFund.org Financing MetaFund's Vision The vision of METAFUNDCORPORATION("MetaFund") is to create a collaborative Ol<lahoma environment of financial and social capital, citizenship, and civil society, in which virtually any viable community, economic, and/or workforce development initiative can be realized. MetaFund's Mission MetaFund's mission is to help bring about that vision by convening collaborative, non-competitive partnerships among banks, non-profit and for-profit entities, government agencies, and individuals to provide credit (loans) and investment (venture capital) for community, economic, and workforce development; to aid and promote job creation and self-employment opportunities, housing and property development/rehabilitation and maintenance; to serve underserved populations and investment areas throughout Oklahoma 22 Eligibility: Evaluation Criteria: Spe~(a' Conditions: Additional Information: Housing development & construction Down payment assistance Development Services & Technical Assistance Small business training Homebuyer training Personal financial management training Other life-skillstraining America's Promise Targeted low-to-moderate income census tracts Enterprise, Empowerment, & HUBzones, etc. Other distressed geographic areas, neighborhoods, or specific properties MetaFund's Mission Qualification Requirement For any funding proposal to be considered by MetaFund, it must satisfy MetaFund's mission. That can only be accomplished if the proposed project's purpose is one of the following: to provide or improve affordable housing (including multifamily rental housing) for target demographics (as listed below). to provide job creation or retention, or other direct benefits for target demographiCS. to promote housing, job creation or retention, or other direct benefits for persons who are residents of target geographies (as listed above). to revitalize or stabilize target geographies. Low-moderate income persons Underserved minorities Other underserved populations MetaFund's Structure 23 Meta Fund is a certified Community Development Financial Institution (CDFIJand an Oklahoma non-profit 501 (cJ(3J corporation. Since opening for business on January 3, 2000, Meta Fund has raised more than S 10 million in capital from Oklahoma banks. Its staff includes five employees, one ArneriCorps* VISTAmember, and more than a dozen loaned executives. MetaFund's Partners Banks Non-profit organizations For-profit corporations Government entities Foundations Schools Religious and faith organizations Leadership & civic groups Community volunteers & interested citizens 24 Micro Business Resource Office Organization: Oklahoma State University Cooperative Extension Service Micro Business Resource Office (MBRO) Address: 135 HES Oklahoma State University Stillwater, Oklahoma 74078-6111 Phone: (405) 744-5776 Fax: (405) 744-5506 Contact Name Glenn Muske Web Site: fcs.okstate.edujmicrobizj Services: Business Technical Assistance Email: muske@okstate.edu General Information: MBRO's goal is to help you open a successful business throughout education research and outreach. Assistance: answer individual questions, assist in developing marketing plans, provide education seminars and materials, and report on future small business trends Eligibility: NjA Evaluation Criteria: NjA NjA NjA Special Conditions: Additional Information: 25 Oklahoma Alliance for Manufacturing Excellence Organization: Oklahoma Alliance for Manufacturing Excellence Address: 525 S.Main, Suite 210 Tulsa, Oklahoma 74103-0722 Phone: (918) 592-0736 Fax: (918) 592-1417 Contact Name Joe Epperly, Director of Communications WebSite: www.okalliance.com Email: joe_epperley.alliance@okalliance.com Services: Business Technical Assistance General Information: Our Mission: Provide leadership and assistance to Oklahoma manufacturers to help them become progressively more successful in their marketplace. The Oklahoma Alliance for Manufacturing Excellence was created in 1991 by Oklahoma manufacturers and public-private stakeholders. The Alliance assistssmall and medium-sized Oklahoma manufacturers. Irs an economic development effort, helping manufacturers in national and international markets by securing the assistance they need to compete. Assistance: NjA Eligibility: NjA Evaluation Criteria: NjA Speci~~Conditions: NjA Additional Information: NjA 26 Services: Business Technical Assistance Lean Enterprise Program - OAME Organization: Oklahoma Alliance for Manufacturing Excellence Address: 525 S. Main, Suite 210 Tulsa, Oklahoma 74103-0722 Phone: (918) 592-0736/ (800) 637-4634 Fax: (918) 592-1417 Contact Name Joe Epperley, Director of Communications WebSite: www.okalliance.com Email: joe_epperley.alliance@okalliance.com General Information: A Lean Enterprise produces more wIth existing resources by eliminating non-value added activities. Manufacturers are facing increased competition and the stakes are high. The winners in this competition work to eliminate overproduction caused by traditional scheduling systems and only make what customers want when they want it. Lean establishes a systematic approach to eliminating waste and creating flow throughout the whole company. It also helps develop and implement a long-term plan to streamline operations for success. Assistance: How can Lean optimize your operations? The Alliance will assess how your plant gets things done, work with you to identify a baseline, then identify where Lean can have an impact. This provides a solid list of objectives. Design the solution: This is where the blueprint is created that leads to a new and improved operation. Employees are trained to "think Lean," so everyone is focused on the same goals. A set of "maps" are developed to provide the most direct route to where you want to be. Impfement the solution: First, a pilot project is chosen and deployed to showcase the 27 success of Lean principles. From there, a phased rollout progresses. Lean is a multi-step process that involves mentoring, facilitation, knowledge transfer, and joint implementation with your company's team. Stay involved: Lean isn't something you do, then forget about. It's an ongoingjoumey where the rewards get greater and greater. As you meet your business objectives and improve your performance, it's important to keep the momentum going. Sure, you don't want to slip back, but even better, you want to realize even more benefits. It's an area where The Alliance excels. We can help you continually enhance your competitive edge, measure performance, and constantly improve. Eligibility: NjA Evaluation Criteria: NjA Special Conditions: NjA Additional Information: NjA 28 Contact Name NjA Oklahoma Capital Network Organization: Oklahoma Technology Commercialization Center Address: 840 Research Parkway, Suite 250 Oklahoma City, OK 73104 Phone: {405J23>2305/{800J337~TCC Fax: {405J 23> 2252 WebSite: www.otcc.org Email: info@otcc.org Services: Funding General Information: The Oklahoma Capital Network {OCNJis the investor services division of the Oklahoma Technology Commercialization Center (Tech Center). The programs and services offered under the OCN are designed to enhance capital formation efforts for technology investment opportunities, and to foster the continued development of an educated, organized and qualified angel investment network within the state of Oklahoma. The OCN includes the OCASTTechnology Business Finance Program (TBFP),an Accredited Angel Investor Network, Venture Capitalists, the Enterprise Oklahoma Venture Fund, and ACE-Net Assistance: The OCASTTechnology Business Finance Program (TBFP)makes state appropriations available for "pre-seed investment" opportunities with qualifying, advanced technology Oklahoma companies. TBFP funds can be used for proof of concept, market validation, business planning and other business development needs. TBFPawards require a one to one new cash equity and 2 to 1 in kind match. 29 Eligibility: Evaluation Criteria: Special Conditions: Additional Information: Accredited Angel Investor Network is the backbone of the OCN, providing the early stage seed capital that is so critical to the success of start up companies. The Tech Center maintains a database of angel investors and investor groups over 300 strong, and maintains an investment opportunities portfolio available to network members who have provided the Tech Center with an Investor's Profile. The Tech Center also makes presentations to interested investors and organizations and provides organizational and administrative support for investor groups as requested Venture Capital Firms provide valuable insight into early stage client companies and receive an early introduction to future investment opportunities. The Tech Center's capital formation strategy involves identifying, contacting, and interacting with venture capital firms, nation wide. The Enterprise Venture Capital Fund is a private venture capital fund formed by Enterprise Venture Management Company, a subsidiary of the Oklahoma Technology Development Corporation, to make venture capital investments in Oklahoma companies that qualify for Oklahoma tax credits. The Access to Capital Electronic Network (ACE-Net)is a national electronic network developed by the U.S. Small Business Administration Office of Advocacy. It is designed to increase small, growing companies' access to the entrepreneurial capital marketplace. The Tech Center, in partnership with OCASTand Rural Enterprises of Oklahoma, Inc. is the ACE-Net local network operator for Oklahoma. NjA NjA NjA Each program has it's own evaluation criteria and Conditions, please see the program's page for more information. 30 Oklahoma Center for the Advancement of Science & Technology Oklahoma Center for the Advancement of Science and Technology Organization: Address: Phone: Fax: Contact Name: Web Site: Email: Services: General Information: Assistance: 4545 N. Uncoln Blvd., Ste. 116 Oklahoma City, Oklahoma 73105-3413 (405) 524-1357 / (866) 265-2215 (405) 521-6501 N/A www.ocast.state.ok.us info@ocast.state.ok.us Technology Transfer and Financing The Oklahoma Center for the Advancement of Science and Technology is the state's only agency focusing solely on technology - its development, transfer, commercialization and impact on our state's economy In 1987 the Oklahoma legislature created the Oklahoma Center for the Advancement of Science and Technology (OCAST)to: Build the infrastructure of expertise and equipment needed to conduct nationally competitive research and development in Oklahoma and Stimulate Oklahoma firms applying and producing technology. Since inception, OCASThas administered $118 million in state-appropriated money and leveraged $5.68 for every dollar spent. That leverage represents more than one half billion dollars invested in Oklahoma research. Seed funds for human health research Matching funds for research with commercial potential Assistance with the cost of preparing SBIRproposals 31 Eligibility: Evaluation Criteria: Special Conditions: Additional Information: Modernization assistance for small and medium-sized Oklahoma manufacturers Instruction in preparing applications for OCASTpeer reviewed funding competitions Written expert commentary on all proposals submitted to OCASTfunding competitions Development of state proposals and management of grants to the state of federal funds Supporting manufacturing extension, technology transfer, and commercialization. Information on federal research and technology transfer opportunities for businesses Assistance for small Oklahoma firms with accessing and using federal and state technology resources N/A NfA N/A OCAST'sscope includes these different programs: The Oklahoma Technology Commercialization Center The Oklahoma Applied Research Program The Small Business Applied Research Assistance Program The Oklahoma Health Research Program The Oklahoma Alliance for Manufacturing Excellence The Oklahoma Inventors Service The OCASTTechnology Business Financing Program 32 Oklahoma Applied Research Support- OCAST .Organization: Oklahoma Center for the Advancement of Science and Technology Address: 4545 N. Uncoln Blvd., Ste. 116 Oklahoma City, Oklahoma 73105-3413 Phone: (405) 524-1357 or (866) 265-2215 Fax: (405) 521-6501 Email: mmcfarland@ocast.state.ok.us Contact Name: Michelle McFarland, Program Officer WebSite: www.ocast.state.ok.usjoars.htm Services: Research and Development Assistance General Information: The Oklahoma Applied Research Support (OARS)program was initiated to accelerate the development of technology with potential for producing a commercially successful product, process or service, which will benefit Oklahoma's economy. OCAST,through the OARSprogram, provides incentive funding to applied research projects under terms which increase industrial R&Dinvestment and reward collaborative efforts when combining the resources of two or more organizations is advantageous to the commercial outcome of a project. State incentive funding helps recipients leverage the capital required to develop and market a technology. Preferred Industry: High Technology Assistance: Reimbursement contracts are competitively awarded to Oklahoma businesses, universities and non-profit research organizations for one- to three-year R&Dprojects. A minimum of one dollar matching support is required for each State dollar awarded; no indirect costs are allowed. Continued funding is contingent on satisfactory annual performance evaluations and availability of funds. Eligibility: NjA 33 Evaluation Criteria: Special Conditions: Additional Information: Reviewers with technical and market expertise, a majority of whom reside outside Oklahoma, evaluate the proposals for technical merit, potential economic impact and commitment of the participating organization(s). Written reviewer input assists applicants in revision of proposals for resubmission to OCASTor other funding organizations. Reviewers also conduct annual performance evaluations of funded projects. The OARSCommittee selects all reviewers. N/A N/A 34 Small Business Research Assistance Programs- OCAST Organization: Address: Phone: Fax: Contact Name Web Site: Email: Services: General Information: Oklahoma Center for the Advancement of Scienceand Technology 545 N. Lincoln Blvd., Ste. 116 Oldahoma City, Oldahoma 73105-3413 (405J 524-1357 ext. 232 N/A Dan Luton www.ocast.state.ok.us/sbra dluton@ocast.state.ok.us ResearchAssistance OCAST'sSmall Business Research Assistance (SBRA) programs address the statutory goals of supporting applied research and facilitating technology transfer by leveraging federal and private resources and catalyzing action. SBRAprograms motivate and assist qualifying Ol<lahoma firms to compete for research funding under the federal Small Business Innovation Research (SBIRJand Small Business Technology Transfer (STTR)Programs to develop commercializable products. The OCASTprograms defray a portion of a qualifying firm's federal SBIRor STTRPhase I proposal preparation costs and provide bridge funding between Phase I and Phase II federal SBIRgrants. The programs provide information and assistance to improve the quality of proposals. Through the SBIRprogram, 11 federal agencies provide seed support for product feasibility studies and prototype development generally found lacking in the private investment community. The federal STTRprogram accomplishes this same purpose, while forging research collaborations between small firms and university or other non-profit research institutions. 35 Assistance: Eligibility: Evaluation Criteria: Special Conditions: Additional Information: SBIRPHASE I Incentive The SBIR Phase I Incentive Funding Program encourages small, innovative Oklahoma businesses to apply for federal Small Business Innovation Research Phase I grants. The three-phase federal SBIR Program allows small firms to meet the research & development needs of federal agencies while taking steps toward possible commercialization of new technologies. SBIR funds the critical start-up stages and encourages the commercialization of the technology, product, or service. SBIRMATCHING FUNDS The OCAST SBIR Matching Funds Program encourages Oklahoma firms which have won SBIR Phase I awards to pursue the more substantial federal SBIR Phase II awards. The program sustains small businesses through the funding gap which occurs between completion of the Phase I grant and the initiation of a Phase II award. OCAST matches, at $.50 on the dollar, a federal Phase I SBIRaward when the firm submits a qualified Phase II proposal (up to the annual limit set by the OCAST board). STTRINCENTIVE FUNDING OCAST operates an Small Business Technology Transfer (STTR)Incentive Funding program to complement the federal Small Business Technology Transfer program. The federal STTRProgram makes awards to small firms for research and development conducted jointly with a research institution. N,lA N/A N,lA Additional Information for each phase can be found at www.ocast.state.ok.us 36 Technology Business Finance Program -OCAST Organization: Address: Phone: Fax: Contact Name: Web Site: Email: Services: General Information: Preferred Industry: Assistance: Eligibility: OCAST 840 Research Parkway, Suite 250 Oklahoma City, OK 73104 Atlas Ute Buifding 415 South Boston, Suite 800 Tulsa, OK 74103 OKC: (405) 232-2305 Toll Free: (800) 337-OTCC Tulsa: (918) 582-5592 OKC: (405) 232-3353 NjA Tulsa: (918) 582-3392 www.ocast.state.ok.us info@ocast.state.ok.us Financing The Oklahoma Technology Commercialization Center is the Program Manager for the OCAST Technology Business Finance Program (TBFP) designed to provide Oklahoma-based, high-tech, start-up companies with pre-seed financing and early stage risk capital to stimulate additional investments from private sources. high technology Matching funds programs. Eligible firms must be technology-based, sufficiently innovative to provide a competitive advantage in the marketplace and have the potential for Significant, high performance growth. They must also exhibit significant potential for high sales per employee, substantial value added per employee, wage levels 35-40% higher than average, and other indicators related to the generation of wealth for Oklahoma's economy. 37 Evaluation Criteria: Special Conditions: Eligible applicants must be in the process of commerciali2ing advanced technology, defined as a state of the art. proprietary product, process, material, design, and/or know-how. Industries assisted by the Program include, but are not limited to: • Ufe sciences • Information technologies • Communications technologies • Aerospace • Electronics and related fields • Materials • Robotics • Medical devices and instruments • Telecommunications • Agra-sciences • Energy Service and related firms developing a proprietary product or technology for these industries are also eligible to compete for Program funds. Firms applying for assistance under this Program must be located in, or must have relocated to, and be primarily domiciled in Oklahoma prior to the receipt of Program funds. Eligible firms must be classified as small businesses in accordance with the U.S.Small Business Administration. Eligible firms should primarily be in a development stage prior to full production. This is further defined as any stage from idea conceptualization up to, and prior to, established and steady market sales. This, for the most part. suggests firms in the development, proof of concept, and prototype stages of their life cycle. Firms needing "pre-seed" capital are also eligible, with funding allowed for prototype development, completion of business plans, executive recruiting, and detailed market analysis needs. (usually no more than 500 employees) A completed application, and required document attachments including four (4) copies of a complete business plan, must be filed with the Program Manager. The Tech Center staff will review all applications and business plans for completeness and compliance with eligibility requirements. Those applications/business plans that meet the standard criteria will be forwarded to an expert, independent review committee for analysis and scoring. Applicants whose plans 38 Additional Information: exceed the minimum required score will be offered an award contract at the recommended funding level until Program funds are exhausted. Guidelines for writing business plans and a description of the qualification and scoring criteria are available from the Tech Center. The Tech Center can also help applicants identify service providers to assist them. Applicants are encouraged to use these resources to help them prepare successful application materials. Firms not eligible for funding under this Program include: • Retail services • Oil and gas exploration and production franchisees • Real estate development, management, and investment companies • Any technology or non-technology firms that do not have a proprietary product or service. (Firms will not be disqualified because their customers are in such industries) 39 Oklahoma Department of Commerce Organization: Address: Phone: Fax: Contact Name: Web Site: Email: Services: General Information: Preferred Industry: Assistance: Oklahoma Department of Commerce 900 N. Stiles Oklahoma City, OK (800) 879-6552 or (405) 815- 6552 (405) 815-5109 NjA www.odoc.state.ok.us info@odoc.state.ok.us Business Technical Assistance, Export Assistance, Minority Business Assistance, Business Incubators, and Export Assistance The Oklahoma Department of Commerce provides resources, information and services to all sizes and types of businesses in Oklahoma to assist in expanding, finding new markets nationally and overseas, and resolving technical and regulatory issues. NjA ODOC has a variety of available service that tailor to Oklahoma businesses, they include: Start-up Referral Labor Surveys Business Financing Training for Industry Program Women Owned Business Certification Program Minority-Owned Business Services Building and Site Location Assistance Business Incubator Certification Business Ucensing Program Export Assistance Export Financing 40 Business Incentive Analysis Business Incentive Tax Training Industrial Park Certification Needs Assessment/Problem Resolution Census, Economic, and Demographic Data Business Visitation and Surveys Business Expansion and Retention Eligibility: NjA Evaluation Criteria: Program Specific Special Conditions: NjA Additional Information: The list of Oklahoma Department of Commerce agencies is located in the appendix. 41
Object Description
Description
Title | Entrepreneurs pt1 |
OkDocs Class# | Z900.5 E61r 2003 |
Digital Format | PDF, Adobe Reader required |
ODL electronic copy | Deposited by agency in print; scanned by Oklahoma Department of Libraries 7/2011 |
Rights and Permissions | This Oklahoma state government publication is provided for educational purposes under U.S. copyright law. Other usage requires permission of copyright holders. |
Language | English |
Full text |
Z 900.5 E61r 2003 c.l
The Entrepreneur's
Resource Guide
for Oklahoma
The Center for Entrepreneurship .
at
The Entrepreneur's
Resource Guide
for Oklahoma
Compiled & Edited Bv:
Monika lackev
The Center for Entrepreneurship
at Ell
A special thank you to Dr. Grady Pennington and the
Oldahoma Small Business Development Center for
providing funding for this publication.
Acknowtedqements.
Also, thanks to Dr. Bill Mayfield, Dean of the ECU
School of Business and Director or the Center for
Entrepreneurship, for his input and oversight of this
project.
The Project
The purpose of this project is to make the entrepreneur's search for information
and resources easy, less confusing, and less time consuming. This project was
conceived from its very beginning as an evolving and dynamic process. The
research methods employed were of normal Internet search using several
publications as the anchor or beginning point for our search. We used several
configurations of the term "entrepreneur" in our keyword search process.
Needless to say there was an enormous quantity of information to sift through.
Further, each organization appearing in this edition was e-mailed or otherwise
notified and requested permission to use your web information. Many of you
responded favorably and many of you never responded. We hope all of you will
be pleased at the format in which we presented your information. If you wish to
make changes please notify us at the address below as we wish to include the
proper information that represents what you do.
We acknowledge that this first edition is not complete as we recognize the
dynamic environment in which entrepreneurship occurs. Therefore, please
accept our apology if there is an organization, a service, or an institution that we
have not included in this first edition.
We encourage you to notify us at:
Dr. William M. Mayfield
The Center for Entrepreneurship
School of Business
East Central University
1100 East 14th Street
Ada, Oklahoma 74820
wmayfield@mailclerk.ecok.edu.
If anyone knows of an organization that we have omitted please notify us and we
will include them in next year's edition. Likewise if there is any organization,
service, or institution that is included and the information is incorrect we request
that you notify us ant the addresses above so that we may provide the correct
information to the entrepreneurs of Oklahoma.
"This Cooperative Agreement is partially funded by
the U.S. Small Business Administration. SBA's
funding is not an endorsement of any products,
opinions, or services. All SBA funded programs are
extended to the public on a nondiscriminatory basis."
ACKNOWLEDGEMENT
To all of the entrepreneurs in Oklahoma whose visions will change the face of
Oklahoma, let it be known that this book is the first attempt to identify all of the
resources available in Oklahoma to assist you in accomplishing your dreams.
This edition could not have been possible if it weren't for the following people and
institutions. First and foremost Ms. Monika Lackey, who voluntarily spent hours
on the Internet, reading, compiling and reviewing the information in this first
edition. Second, Dr. Duane Anderson, without whose guidance this edition would
never have been published. Dr. Bill S. Cole, President of East Central University
whose vision in creating the Center for Entrepreneurship brought the people
together to create this volume. Finally, Dr. Grady Pennington, State Director of
the Oklahoma Small Business Development Centers, his kind words of
encouragement and especially his funding without which this first edition would
never have been published and distributed.
Table of Contents
AdaJobsFoundation 1
Bankof Oklahoma 2
Business ResourceEconomic Center 3
CareerTech 5
Centerfor Entrepreneurshipat ECU 7
ChisholmPrivateCapital 9
Davis, TuttleVenturePartners 10
DeepForkAdvisors 13
Entrepreneursof Tulsa 15
EnterpriseOKVentureFund 16
First Capital Corporation 18
First United Bank 19
ForemanInvestmentCapital 20
Metafund 22
Micro BusinessResourceOffice 25
OklahomaAlliancefor ManufacturingExcellence 26
OAME- LeanEnterpriseProgram 27
Oklahomacapital Network 29
OklahomaCenterfor the Advancementof Science& Technology 31
OCAST-OklahomaAppliedResearchProgram 33
OCAST-SmaBllusinessResearchAssistanceProgram 35
OCAST-TechnologByusinessFinanceProgram 37
Oklahoma Department of Commerce
Oklahoma Department of Tourism & Recreation
Oklahoma Developmental Finance Authority
Oklahoma Industrial Finance Authority
Oklahoma Inventor's Assistance Services
Oklahoma Investment Forum
Oklahoma Jobs Creation
Oklahoma ute Sciences Fund
Oklahoma Native American Business Development Council
Oklahoma Small Business Development Center
Oklahoma Technology Commercialization Council
OTCC-Angel Accredited Investor Network
OTCC-Business Accelerator Program
Oklahoma Venture Forum
Open Mind Ventures
Program for Investment in Micro-Entrepreneurs
Quality Jobs Program
RBCVentures
Rural Enterprises Inc
REI- Equipment Program
REI- Financial Services
REI- Rural Women's Business Center
SpiritBank
40
42
46
48
50
52
53
54
56
58
61
63
65
72
73
74
76
77
79
81
82
83
84
Appendix
Oklahoma Department of Commerce Locations
Oklahoma Certified Business Incubators
OSBDCState Office Locations
Career Tech Locations
A 1-1
A2-1
A3-1
A4-1
1
Ada Jobs Foundation
Organization: Ada Jobs Foundation
Address: 300W. Main
Ada, OJ( 74820
Phone: (580) 332-2506
Fax: (580) 580} 332-2578
Contact Name: Evan Zorn, CEO
Web Site: www.adaworks.org
Email: NjA
Services: BusinessTechnical Assistance
General Information: The mission of the Ada Jobs Foundation is to create and
retain quality jobs for the Ada area. We serve as a "one-stop-shop"
by coordinating with the city and other entities for your
benefit. Pleasecontact us and let us show you how your
company can be very successful doing business here in Ada.
Preferred Industry: NjA
Assistance: Ada Jobs Foundation can help you locate your business
in Ada, Oklahoma by connecting the right location,
equipment, and facilities for your business. They can also help
you take part in the local business incentives offered.
Eligibility: NjA
NjA
NjA
NjA
Evaluation Criteria:
Special Conditions:
Additional Information:
Bank of Oklahoma
Organization: Bank of Oklahoma
Address: 7701 S. Western Ave
Oklahoma City, OK 73139
Phone: (405) 616-7501
Fax: (405) 616-7546
Contact Name: Kevin Guarnera, Senior Vice-President
WebSite: www.bok.com
Email: kguarnera@bokf.com
Services: Financing
General Information: Bank of Oklahoma, N.A. is certified and preferred lender in
the U.S. Small Business Administration Joan programs.
Preferred Industry. N/A
Assistance: Commercial and Small Business loans, Treasury Management,
International Services, Personal Trust and Wealth
Management, Employee Benefit Plans.
Eligibility: N/A
Evaluation Criteria: N/A
Special Conditions: NjA
Additional Information: N/A
2
3
Business Resource Economic Center-
Carl Albert State College
Organization: Business Resource Economic Center-
Carl Albert State College
Address: Carl Albert State College
1507 South McKenna
Poteau, OK74953
Phone: (918) 647-1219
Fax: (918) 647-1218
Contact Name Un Bohanan, Dean of Economic & Global Development
WebSite: www.carlalbert.ed4..brec/lndex.htm.
Email: joycethomas@carlalbert.edu
Services: Business Technical Assistance
General Information: BREC'sMission:
Toprovide quality consulting services that contribute to the
economic growth of businesses, industries and communities
in southeast Oklahoma.
Assistance: BREC'sServices:
To provide information on developing, expanding, or
reorganizing a business or industry,
To assist in defining global markets, production strategies,
and modern technologies aimed at growing businesses,
And to offer instruction in cutting-edge theories related to
management systems, operations, public and private sector
contract procurement, financing, engineering, and
international trade practices
Eligibility:
Evaluation Criteria:
Special Conditions:
Additional Information:
BRECconsultants offer services to any existing or developing
business or industry requesting assistance. These professional
services are free and confidential. However, certain materials
or third-party consultants may impose an expense when
agreed to in advance by the client. Call or write for an
appointment with a BRECconsultant tOday.
N/A
Sponsored by The OkJahoma State Regents for Higher
Education in association with the program partners listed
below.
The OkJahoma Alliance for Manufacturing Excellence
The OkJahoma Small Business Development Center
The OkJahoma Department of Commerce
CASe's faculty and academic programs
4
Career Tech
Organization: Oklahoma Dept. of career and Technology Education
Address:
Phone:
Fax:
Contact Name
Web Site:
Email:
Services:
General Information:
Assistance:
900 N. Stiles
P.O. Box 26980
Oklahoma City,OK73126
(405) 815-5110
NjA
VikJdDearing, Economic Development Uaison
www.okcareertech.orglmain/busind.htm
vikJd_dearling@odoc.state.ok.us
Business Technical Assistance & Employee Training
When it comes to serving business and industry, Oklahoma's
career and technology education system knows how to do it
right. They understand that productivity and profit matter.
Whether you are a company considering locating in
Oklahoma, an existing Oklahoma company, a small business
person wishing to grow your business, or an entrepreneur just
getting started - they have programs and services in place to
help you achieve your goals.
Their system of 54 technology center campuses covers the
state so, no matter where you are located or thinking of
locating they are there to serve you.
New and expanding qualifying companies can count on
having a productive workforce at start up - at no cost to the
company - by taking advantage of our Training for Industry
(TIP)program.
Oklahoma companies can make sure existing employees are
up-to-date with the latest skills and knowledge by taking
advantage of programs like Customized Business and IndUstry
Training, Existing Industry Training, Management and
Organization Development, career Development for Adults
and our award-winning Safety Training.
5
Small businesses and entrepreneurs can expand and
grow stronger by taking advantage of programs like
Small Business Management and Self-Employment
Training. In addition, several technology centers sponsor
or have connections to business incubators.
Companies of all types and sizes may find that they can
benefit from the Oklahoma Bid Assistance Network
and the Oklahoma Electronic Commerce Connection
Eligibility: IWA
Evaluation Criteria: IWA
Additional Information: Seeappendix for Career-Tech locations.
6
Organization: The Center for Entrepreneurship at ECU
Center for Entrepreneurship
At East Central University
Address: 1100 E. 14th
Ada, OK 74820
Phone: (580) 310-5274
Fax: (580) 421-9801
Contact Name: Dr. Bill Mayfield Dean of the ECUSchool of Business and
Director of the Center for Entrepreneurship
WebSite: NjA
Services: Entrepreneurship Training
Emai/: wmayfield@mailclerk.ecok.edu
General Information: Mission: The Center for Entrepreneurship at ECUgrows
entrepreneurs. We do this by facilitating opportunities,
curriculum, internship, business plan competition, and
community outreach.
Preferred Industry: NjA
Assistance: The Center for Entrepreneurship at ECU offers a Ouick
Advantage Entrepreneurship program. The University
Also offers Oklahoma's only undergraduate degree in
Entrepreneurship.
The ECUOuick-Advantage Entrepreneurship program creates
entrepreneurs. It is a non-degree certificate program created
to work with any person wishing to create or expand a
business.
1. Course work
2. Business Plan Development
3. "Aftercare"
The program comprises of three interrelated segments:
7
The program consists of four courses delivered on the
ECUcampus. The certificate of completion is awarded
only to those individuals completing the four courses
within the twelve-month time frame.
Each course in the curriculum is specifically designed to
deliver a portion of the total set of tools you will need to
successfully start and grow a new business or expand an
existing business. The courses will be offered on
Saturdays. The courses offered consist of:
opportunity Recognition
Entrepreneurial Finance
Marketing for the Entrepreneur
Venture Creation and Growth
Eligibility: NfA
Evaluation Criteria: NfA
SPecial Conditions: NfA
Additional Information: NfA
8
Chisholm Private Capital, Inc.
Organization: Chisholm Private capital. Inc.
Address: 211 N. Robinson, Suite 1900
Oldahoma City, OK 73102
Phone: (405) 605-1111
Fax: (405) 605-1115
Contact Name John Frick. General Partner
Web Site: www.chisolmvc.com
Email: jfrick@chisolmvc.com
Services: Financing
General Information: Their General Partners work with founders and entrepreneurs to
create and realize significant shareholder wealth. Each
investment receives a unique approach of non-financial and
financial support from Chisholm. This support evolves over the
life of the investment. Chisholm is entrepreneur friendly, and
frequentfy invests with management teams without prior IPO
experience.
They actively participate as Board members and frequentJy recruit
qualifIed, Independent directors as well as key managers. Their
extensive contacts provide critical access to ideas, opportunities and
information.
Assistance: Chisholm typically invests $ 1 to 5 million in a company, normally
In stages as goals or milestones are met. They seek to ensure that
each company has enough capital available at each stage to take
advantage of unexpected opportunities or overcome
unanticipated difficulties.
Eligibility: Chisholm does not Invest in life-style businesses, those that lack
full-time management, businesses with significant regulatory
risk. or non-U.S. based companies.
Evaluation Criteria: N/A
NjA
NjA
Special Conditions:
Additional Information:
9
Davis. Tuttle Venture Partners
Organization: Davis, Tuttle Venture Partners
Address: 320 S. Boston, Suite 1000
Tulsa, OK74103
Phone: (918) 584-7272
Fax: (918) 584-3404
Contact Name Barry Davis
WebSite: www.davistuttJe.com
Email: bdavis@davistuttJe.com
Services: Financing
General Information: Davis, Tuttle Venture Partners (OTVP)is a private
investment partnership formed to provide emerging
growth companies with the necessary long-term
development capital, as well as vital management
counsel and support.
Assistance: OTVP invests in traditional venture capital
situations, as well as acquisitions and other special
opportunities. Its goals are to invest in companies
distinguished by exceptional management and
extraordinary growth opportunities - and then to
maximize investment returns by supporting
management in strategic matters and by providing
Objectivity and discipline to company policy
decisions.
Eligibility: People, not capital, turn dreams into realities.
Accordingly, in evaluating an investment opportunity,
the caliber, depth, and dimension of a company's
management team are all-important. The key
managers should:
• Be a well-balanced group in terms of technical
competence and proven managerial skiffs
10
• Have strategic philosophies, policies, and goals
compatible with DTVP
• Have a material commitment to the venture's
success
• Be honest and reliable - exemplars of the
highest standards of conduct
• Demonstrate the ability to make money
The prospective portfolio company should embody:
• Extraordinary potential for growth and capital
appreciation
• Distinctive competitive advantages and
products or services with clear-cut market
differentials
• Investment needs in the $500,000 to
$5,000,000 range - up to $20,000,000 in certain
situations
• Application of proven state-of-the-art
technologies to their products and services
• A coherent growth strategy presented in a clear
and concise business plan
• A high probability of generating investment
returns proportional to the risks
Requirements: When DTVPbecomes aware of an investment
possibility, the following process begins:
Preliminary Screening - DTVPwill review the business
plan prepared by the company. This plan describes the
management, history and background, marketing,
competition, financial information, product or service
differentiation, and upside potential and downside
risk.
Personal Meeting - DTVPwill meet with the
management team.
11
Investment Structure - DlVP will examine each
opportunity according to its discreet risks, liquidity,
upside potential and financing needs.
Detailed Review and Due Diligence - DlVP will
undertake a thorough review and survey to validate
the company's strategies, the uniqueness of its
products or services, its financial and managerial
strength, and other vital factors.
Final Approva'- DTVPwill prepare a comprehensive
internal investment memorandum. This document
reviews DTVP'sfindings as well as the investment
terms and conditions that will lead to a final decision
and closing of the transaction.
After an investment has been closed, DTVP'sprincipals
begin monitoring progress and providing active
company support. Again, this is where some of DlVP's
most significant enhancements to the company's
vitality and future value are made.
DTVPencourages prospective companies to submit
their business plans. They will be treated in strictest
confidence and responded to in a timely manner.
Special Conditions: NjA
Additional Information: NjA
12
Fax: (918) 298-1711
Deep Pork Advisors
Organization: Deep ForI |
Date created | 2011-07-25 |
Date modified | 2011-07-25 |