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“Catalytic Entrepreneurship with Social & Venture Capital”

Prof. James Dimitrios Constantine Seferis

GloCal Systems Management (GSM)

Manager of GloCal Investment Ventures Enterprise (GIVE-TANEO FUND)

Partner of Archimedes Center of Innovation and Creation (ACIC)

www.glocalventurecapital.gr

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People Equipment Project

SET-IN-PLACE

SORT

STANDARDIZATION

SUSTAIN

SHINE

SIX SIGMA

QUALITY-PLATFORM(5 S + 6

Research

Polymeric

Composites

Laboratory

Team Education

Engineering

Business

Environmental

CO-WORK

B E D R(Business, Education, Design & Research)

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GloCal maintains a relationship with many affiliates through the Business Education Design and Research (“BEDR”) Global Group Network,

“BEDR” has been in existence since the late 1990s. Affiliates include globally located customers, manufacturers, and suppliers to the commercial aerospace industry, chemical

manufacturers, universities, and banks. In 2008 the following organizations were associated with us:

Academy of Athens, Greece AEROFLEX, Arlington, Virginia, USAAdvanced Fiber Techniques, CanadaAirbus, France, Germany, USAAir Force Office of Scientific Research, USA Alenia Aeronautica, Italy A.G.L.O.C.A.L.P. Academy of GloCal Processes, Tokyo, JapanArchimedes Center for Innovation & Creation, GreeceArizona State University, USA Athena Partners, USA Athens University of Economics & Business, GreeceAthens Laboratory of Business Administration (ALBA) Biorasis, Connecticut, USASwiss Italian Bank Corporation (Formerly, Banca del Gottardo, Switzerland) BKB Trading Company, JapanBAIM/BAIMTECHDavis. Wright and Tremaine, USAC.C. Cramer, GermanyCentral European University, Hungary CIRA (Centro Italiano Ricerche Aerospaziali), Italy CSIRO (Commonwealth Scientific and Industrial Research Organization), Australia Composite Systems Technology (CST), USACYTEC Engineered Materials, USA

easyJet/easyGroup, United KingdomEcole Polytechnique Federale de Lausanne, Switzerland Ecole Superieure de Commerce (ESC) de Lille, FranceEcole Superieure de Commerce (ESC) de Toulouse, France Ecole des Hautes Etudes Commerciales (EDHEC), FranceRobert Edson Swain, Archtects and Design Eleftheroudakis Bookstore, Greece Eurobank, GreeceCyprus Bank, CyprusFederal Aviation Authority (FAA), USA Foundation for Research Experiential Educational Developmental

Operational Management, (FREEDOM), USAFuture of Flight Museum, Everett, Washington, USA GloCal Network Corporation

Polymeric Composites LaboratoryGloCal UniversityGloCal Investment Ventures Enterprize (G.I.V.E.) GloCal Systems Management (G.S.M.)

Hellenic Aerospace, Greece Hexcion, Houston, TexasHexcelHeatcon, Tukwila, Washington, USA Indian Institute of Technology, India Itochu Trading Company, Japan

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Japan Times / NIFCOJCH Consultants INC, USAJapan AerospaceKYOWA, JapanKanazawa Institute of Technology, Japan Korean Air Lufthansa, Germany MicrosoftMETSOMITSUI Cosmetics, JapanNanophase Technologies, USA NASA, USA Nanoridge, Houston, Texas, USANational Aerospace Laboratory of Japan National Research Council – US Academies

Science Museum of the national academy of sciences

National Building Museum, USANational Science Foundation (NSF), USA National Technical University of Athens, GreeceOlympic Airways, Athens, Greece Pacific Northwest National Laboratory, USA Patria Aerospace Structures, Finland Perkin Elmer, USA Philosophy in Business (PIB), USAPORTEON, Portland, Oregon, USA Process Administration Institute (PAI), France RMIT University, Australia Scaled Systems Technology, Ireland Sefko Greece-USA-Finland

Seiko, Japan Seoul National University, Korea Setaram, FranceStematix, Houston, Texas, USAStony Brook University Suk-Kwang Co., Korea Sung-Kyun-Kwan University, KoreaTANEO (New Economy Development Fund), GreeceTA Instruments, USATAKU River, Alaska, USA The Boeing Company, USA

Boeing Commercial Airplane GroupBoeing InternationalPhantom Works Group 787 Program

Tokyo University of Science, Japan Toray Industries, Inc., JapanUniversity of Connecticut, USA University of Cyprus, CyprusUniversity of Delaware, USA University of Lecce, ItalyUniversity of Patras, Greece University of Perugia, Italy University of Tokyo, Japan War Museum, Athens, GreeceXerox, USA

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INTRODUCTION to

The Seferis Groupof

Companies and

Non-profit organizations

Integrative Global/loCal Networked System

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Polymeric Composites Laboratory

GloCalInvestmentVenturesEnterprize

GloCal Systems Management

The

SE

FK

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roup

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de &

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rade

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roke

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roup

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deve

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Non

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fit/

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roup

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Jap

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apan

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tem

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roup

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ogy

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echn

olog

y &

Fin

ance

The

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ervi

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artn

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&P

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Development, Scaling, Sustainability

withPeople Partnerships Processes

Development, Scaling, Sustainability

withPeople Partnerships Processes

U.S

.A.

U.S

.A.

Fin

land

Fin

land

Fran

ceFr

ance

Gre

ece

Gre

ece

Irel

and

Irel

and

The GloCal Network CorporationAn Integrative Global/loCal Networked Development Corporation

The GloCal Network CorporationAn Integrative Global/loCal Networked Development Corporation

Business Education Design and ResearchB.E.D.R – a Global Group Network

Business Education Design and ResearchB.E.D.R – a Global Group Network

P. C. L.G. I. V. E.G. S. M.

The Structure of GloCal

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Professor James Dimitrios Constantine Seferis

INTEGRATED GROUPS

SEFKOTrade & BrokeringAri Vihersaari

SYSTEMSTecchnology & FinanceChris Velisaris

GloCalPartnerships & ServicesJames C. Seferis

NPOSocio-Economic DevelopmentNikos Floros

SEFKO LLCSeattle U.S.A.

Composite Systems TechnologyUSA

GloCal Network CorporationSeattle, U.S.A.

F.R.E.E.D.O.M.U.S.A.

SEFKO EPEAthens, Greece

SEFKO OyTuusula, Finland

GloCal Systems ManagementAthens, Greece

Scaled Systems TechnologyDublin, Ireland

GIVE-TANEO FundAthens, Greece

ARCHIMEDESAthens, Greece

Process Admin. InstituteParis, France

AGLOCALPTokyo, Japan

Polymeric Composites LabShubang Gan

GloCal Venture Capital

SEFKO GloCal SystemsChina

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GloCal Venture CapitalFunds

GIVE – TANEO FUND => Greece

(closed end)

GIVE – EUROCY => Europe from Cyprus

(open end)

GIVE – L3C => U.S.A.

January 2010(open end)

GIVE – BRICK => China

2011(closed end)

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10

EARLY-STAGE CAPITAL CONTINUUM – VALUE-CREATION STAGES Value or

revenue

TimeCumulative company ageYears

0.5-1.0 1.5-4.0 2.5-7.0

Typical funding

Attributes of business

• Business idea/ concept

• Technology (invention or IP) de-velopment

• Business plan

• Some proof-of-concept or prototype of technology

• Expressions of customer interest

• Refined revenue/profit model & business plan

• Product (service) developed and manufactured

• Customer validation, customer adoption and at least some revenue

• Realistic plan for positive cash flow and/or profitability

• Revenues/customers• Clear timeline to positive cash

flow/profitability and/or establishment of positive cash flow/profitability

• Scaled execution of growth plan

ValueRevenues

Financing round

-1 0 First Second Third Fourth/bridge

Financing stages

Stage durationYears

0.5-1.0 1.0-3.0 1.0-3.0

$25-100 thousand

$100-250 thousand

$250 thousand-2 million

$1-3 million $3-5 million $5-50 million

Pre-seed Early-stage VC Later-stage VCSeedTargeted liquidity

event

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EARLY-STAGE CAPITAL CONTINUUM – COMPANY ATTRIBUTES

Typical funding*

Employees None (onlyfounder/s)

1-5 3-20 20-100+

Manage-ment

• Founders and/or project leader

• CEO (professional management)

• Other key senior team members

• CEO plus full team

Marketing/ sales

• Market assessment

• Market research

• Market-entry strategy

• Distribution network• Market-expansion strategy

• Market entry

• Distri-bution strategy

Technology-specific milestones (medical device example)*

• Proof of concept• Regulatory path outlined• Clinical thought leaders

identified

• Product complete• Next generation

under way• Clinical studies• Regulatory path

defined and clearwith possible FDA approval

• Next generation developed• Clinical study complete• FDA approval

Financing round

-1 0 First Second Third Fourth/bridge

Financing stages

$25-100 thousand

$100-250 thousand

$250 thousand-2 million

$1-3 million $3-5 million $5-50 million

* Amounts may be understated for medical device example

Jobs 1 3 7 12 40 100 300

Pre-seed Early-stage VC Later-stage VCSeedTargeted liquidity

event

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EARLY – STAGE CAPITAL CONTINUUM – SOURCES OF FUNDS

Typical funding

Financing round

-1 0 First Second Third Fourth/bridge

Financing stages

$25-100 thousand

$100-250 thousand

$250 thousand-2 million

$1-3 million $3-5 million $5-50 million

Average funding size

$30 thousand $150 thousand $1 million $2 million $4 million $10+ million

Pre-seed Early-stage VC Later-stage VCSeedTargeted liquidity

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GloCal Venture CapitalPotential Core Investments

(November 2009)

ECOGREEN POWER S.A. PolyNanoTech eduDOTcom XI-LA COMPOSITE AEROSTRUCTURES AMAP e-Garage Healthylogics

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GloCal Venture CapitalPRESENCE

GloCal Venture Capital

In Greece is composed of

GloCal Investment Ventures Enterprise (GIVE-TANEO) Fund

managed by

GloCal Systems Management (GSM)

with membership

in European Venture Capital Association(EVCA)

in partnership with

Archimedes, Center for Innovation and Creation

a non-profit corporation

GloCal Venture Capital

In the U.S. is part of

GloCal Network Corporation

a Delaware corporation with offices and laboratory

in Seattle, Washington dba(doing business as)

GloCal Venture Capital

In the states of Delaware and Washington.with membership

in National Association of Start-up and Venture Funds (NASVF)

in partnership with

Foundation for Research Experiential Educational Developmental Operational

Management (F.R.E.E.D.O.M.) a 501 © non-profit corporation

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as

Chief Science and Technology Advisor to

Poly Nano Tech. net(U.S., Greece, Cyprus, Korea)

Composite Systems Technology (CST)

Established as an (S) corporation in 1983 by

Dr. J.C.Seferis and now part of system group (Seattle, Dublin, Athens) has formed dba(doing business as)

Poly Nano Tech. net in Boston, Massachusetts (PNT)

to commercialize technology from CST membership in the Massachusetts Institute of Technology(MIT) consortium

Nano-Engineered Composite aerospace Structures

Under the leadership of

Professor Brian L. Wardle

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First round of financing (12months)Euro 2,500,000

Preliminary details:

GIVE-TANEO Fund of Greece will fundPoly Nano Tech.gr under the leadership of:

- Dr. Teni Boulikas as CEO(Founder & CEO of Regulon S.N. and Dedrigen S.A.) - Dr. Charalambos C. Doumanidis, Vice President and Chief technology officer of Poly Nano Tech.net(Professor, University of Cyrus / former Director of NSF Nanotechnology Initiative) - Dr. Constantine Paleos, Chief Scientific Officer, (Dedrigen and NCSR “Demokritos” (ret))

In collaboration with:

- Dr. Dimitrios Niarchos, Chairman of the Board National Center for Scientific Research (NCSR) “Demokritos” - Dr. Athanasios Mamalis, Professor National Technical University of Athens and NCSR “Demokritos”- Dr. Nick Kanellopoulos, Director, European Center of Excellence on Nano-Porous Solids and Materials for Environmental Separation Laboratory, NCSR “Demokritos”- Dr. Achileas Kanellopoulos, President of American University in Athens

(1)

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GloCal Venture Capital in Greece and U.S.

will be lead investor and solicit additional participation from other Venture Capital funds, NECST members, and State Economic

Development Agencies

Preliminary details:

Poly Nano Tech.gr will establish (incorporate):

Poly Nano Tech. U.S.A. in partnership with CST and Professor Brian L. Wardle

Poly Nano Tech. Cyprus in partnership with ADT Nano and Professor Charalambos C. Doumanidis

Poly Nano Tech. Korea in partnership with J.D. Tech and Professor Jae Do Nam

(2)

(3)

(4)

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-GloCal University-Polymeric Composites Laboratory-Designed Composites

Composite Systems Technology (CST)

SEFKO EΠE (Greece)

P.A.I.

A.C.I.C.

A.G.L.O.C.A.L.P.

SEFKO Oy

F.R.E.E.D.O.M.SEFKO LLC

SSTGIVE / GSM