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Internationally recognized, the BTC is often cited as a model by state
officials for its ability to attract and grow investable businesses. During
its 20 years of operation, the BTC has graduated 60 companies, with 75
percent of these businesses still in operation. This high level of success
has helped stimulate the growth of Ohio's economy while assisting Columbus
in its continuing quest to gain recognition as a leader in technology.
To better quantify its impact, BTC worked with the Thomas Edison Incubators
to develop a tracking system that helps measure the value these organizations
bring to the state and the return on public dollars invested. In the last
four years more than $30 million was invested in BTC client companies
to spur their growth and development. In turn, the success of BTC companies
resulted in the creation of more than 250 new jobs in information technology,
biosciences and advanced materials.
The BTC is innovative in how it collaborates with other central Ohio
business and technology development organizations, establishing new resources
for capital product development. A collaborative partnership among the
BTC, Scitech and OMERIS resulted in the launch of the First Fifty Fund,
a new source of early stage capital to help emerging central Ohio companies
become viable businesses. The BTC also partnered with the Ohio Supercomputer
Center to create Platform Lab, a non-profit information technology test
and training facility. Platform Lab provides computing hardware, software
and high-speed bandwidth for firms and organizations to affordably conduct
a variety of IT projects, including disaster recovery plan exercises and
applications stress testing.
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