Portfolio

Background on the Funds

 

OTAF I:  

  • Launched in 2004
  • 98 members
  • Invested in 16 companies
  • 3 lucrative exits (HTP, ClearSaleing, and SageQuest)
  • 6 write-downs

OTAF II:

  • Launched in 2007
  • 98 members
  • Invested in 16 companies
  • 1 lucrative exit (Znode)
  • 3 write-downs

OTAF III:

  • Launched in late 2009
  • 98 members
  • Invested in 13 companies (to-date)
  • No realized investments

 

 

 

Exacter, Inc., based in Columbus, is a diagnostic service provider that enables electric utilities to proactively avoid power outages.  Distribution reliability is the top industry problem.  Their service is marketed as Intelligence-Based Preventive Maintenance™ which is based upon mobile EXACTER™ surveying instrumentation units connected to a web portal via cellular communications.  EXACTER units require no new rolling stock, new personnel, training, or capital expenditures for the customer.  The utility maintenance dispatchers use the web portal to access data that locates failing equipment and its fault severity — Maintenance Merit™ — in a timely manner for the purpose of setting priorities for work crews to replace or repair failing equipment.

 
FlyMuch Inc.

 
 

FlyMuch’s www.venueseen.com site pulls location-specific content uploaded to Instagram, Foodspotting and Foursquare into one central dashboard. This new service makes it easy for business owners and marketers to identify and interact with the people who are shaping their business's story one photo, comment, tip or review at a time. (OTAF II, OTAF III)
 

Great Lakes Pharmaceuticals, Inc. is a Cleveland based clinical stage company focused on development and commercialization of products designed to prevent infections associated with indwelling catheters. Their first product, B-Lock™, is an anti-coagulant catheter lock solution with strong, broad spectrum activity against bacterial and fungal microorganisms known to form biofilm structures in indwelling catheters. Clinical testing of B-Lock™ is planned to start in the fourth quarter of 2008.

HTP Inc., located in Columbus, develops software for the healthcare industry that improves efficiency, profitability and service quality for hospitals, insurance companies, physician groups, managed care organizations, third-party administrators and public sector health plans. The company's software also enables secure information exchange through Regional Health Information Organizations (RHIOs).

 I2C designs, develops, integrates, supports and distributes Internet Protocol video surveillance solutions and access control on the basis of its proprietary state-of-the-art system software and customized integrations.

Midwest MicroDevices LLC (MMD) is a Toledo-based manufacturer for the fast-growing MEMS market.  Micro-electro-mechanical systems or MEMS are tiny silicon sensors and actuators fabricated with thin-film processes similar to those used in silicon chip manufacture.  With its dedicated clean-room facilities, MMD serves the market as a Silicon Foundry, focusing entirely on the manufacture of customer products using its specialized thin-film process capabilities.  The MEMS market is large and fast-growing, with $7+ billion in 2005 world-wide sales and a projection to reach $10 billion by 2008.  MMD seeks volume growth applications in Instrumentation, Telecom, Biomedical, and Aerospace/DoD. 

Minimally Invasive Devices LLC (MID) is a medical device company that develops innovative products that facilitate and simplify Minimally Invasive Surgery. Surgery performed through less invasive access is the dominant growth opportunity in all surgical disciplines and is highly dependent upon the development of clever devices that enable difficult surgical maneuvers or allow them to be performed by more surgeons. MID will develop as its first two products Clear-Vu, a device to improve visualization during laparoscopic surgery, and Clear-Path, a device to facilitate the removal of kidney stones from the ureter. MID will continue to develop products that apply existing engineering technology to unmet needs in minimally invasive surgery through the principles of shape and access.

NanoStatics LLC,based in Circleville, Ohio is opening the door to the commercial use of nanomaterials through their high throughput nanofiber production technology. Their proprietary approach allows practical use of nanofibers in non-wovens, filters, medical and surgical dressings and wipes, packaging, drug scaffolding, fuel cells, composites and textiles. NanoStatics offers development services, equipment design, fabrication and installation, and in house manufacturing capacity. They have found that the utilization of nanofibers below 500 nanometers in diameter can provide significant performance advantages in solid/liquid, solid/gas, liquid/gas, and liquid/liquid separation processes.     

nChannel
nChannel provides an easy-to-use, cloud-based management platform for multi-channel retailers that enables the management and exchange of sales, customer, and product data from transactions that occur at a register, in the warehouse, or via a web-store.  The system is sold direct to subscribers via the nChannel website, but is also available through nChannel’s network of value-added resellers.  (OTAF III)

Neuros is a Cleveland based company focused on developing proprietary neurostimulation therapies for unmet needs to patients worldwide. Its patented platform technology, Nerve Block, is focused on the elimination of chronic pain in a variety of applications including neuroma, chronic post-surgical pain, residual limb pain, chronic migraine and trigeminal neuralgia.