CAPCO Funding: Filling the Early Stage Finance Need

A distinguished group of panelists from New York’s Certified Capital Companies will gather at Pace University in late March to discuss what CAPCOs have to offer early stage and emerging companies for business development.

Contact: Bill Caldwell, Office of Public Information, Pace University, 212-346-1597, wcaldwell@pace.edu

“CAPCO Funding: Filling the Early Stage Finance Need”-
SCI2, Pace University’s Business Incubator hosts Downtown Seminar March 23

Event to explore New York’s Certified Capital Companies,
and the millions they have to invest in University-based early stage companies

New York, NY – March 7, 2005 — A distinguished group of panelists from New York’s Certified Capital Companies will gather at Pace University in late March to discuss what CAPCOs have to offer early stage and emerging companies for business development.

The informational seminar, hosted by Pace University’s Second Century Innovation and Ideas Corp (SCI2) commercialization accelerator, will be held Wednesday, March 23, from 8:30 to 11 a.m., at One Pace Plaza (across from City Hall) in New York City.

A certified capital company, or CAPCO, is a special type of venture capital fund. The CAPCO program has two features that differentiate it from private sector VC funds: first, the leading objective of the program is to foster economic development; and second, CAPCO funds are established through investment by insurance companies. Tens of millions of dollars have been made available through this program for funding early stage startups, including a portion of funds that can only be allocated to University-based companies.

The panel discussion and networking event, sponsored by youngStartup Ventures, Heller Ehrman Attorneys Venture Law Group, and Geller & Company, is open to private investors, venture capitalists, corporate investors, heads of early stage companies, and professional service firms. Participants will have the opportunity to interact with the panelists during Q&A and networking sessions after the discussion.

Pace’s Second Century Innovation and Ideas Corporation, or SCI2, opened one year ago to operate a type of business incubator called a commercialization accelerator in downtown New York City and Yonkers, NY. SCI2 combines the knowledge capital at Pace University in partnership with seasoned VC and business development partners on behalf of early stage startup companies.

“This is part of a Pace commitment to economic development in our communities and elsewhere, which includes a myriad of valuable services and offers of expertise to startup companies, as well as giving valuable experiences to our students,” said Victor Goldsmith, Executive Director of SCI2 and Associate Provost for Research and Economic Development at Pace.

The panel will be made up of:

Bob Dennen, Managing Director, Enhanced Capital Partners, LLC. Dennen is responsible for overseeing the firm’s investment activity in New York. He is a member of the firm’s New York investment committee and is on the Board of Managers for the New York fund. He has made investments in nine New York-based small businesses. He is a member of the firm’s Investment Committee and serves on the Board of Directors of Partsearch Technologies, Inc. and CORESense, Inc.

Joe Gitto, Head of Geller & Company’s New Jersey Office, and a senior member of Geller & Company’s Emerging Business Group. Gitto is responsible for serving as CFO for venture-backed and other growth companies, both public and private. With a career spanning over 22 years, he has extensive experience with IPOs, private financings, venture financings, acquisitions and divestitures. He has also worked with companies to develop full business plans, financial projections and models, financial infrastructure, internal controls and budget disciplines.

Ari David Kocen, Vice President, Stonehenge Capital Co., LLC. Kocen is responsible for the origination of mezzanine and equity investments with special emphasis on underserved market opportunities. Throughout his career, Kocen has focused on a variety of investments, with concentrations in manufacturing, service and other industrial concerns. He has served on several boards of directors, in both voting and observing capacities, in situations ranging from high growth startups to late stage divestiture. He is a founding member and current Board Member of the Upstate Venture Association.

Scott Murphy, Principal, Advantage Capital Partners. Murphy’s primary responsibility is the management of the firm’s New York portfolio. Prior to Advantage Capital Partners, he served as the principal of his own management consulting practice in New York. From 1998 to 2000 he was the Chief Operating Officer of a division of IXL, managing over 280 people and handling financial and P&L functions. He was the founder and CEO of Small World Software from 1994-1998, when his company was sold to IXL.

Jack Van Wie, Consultant and Assistant Director, ESD – Small Business Technology Investment Fund (SBTIF). Van Wie’s involvement with the SBTIF venture capital program has spanned a period of over sixteen years. During this time he has also been responsible for marketing the State’s high technology programs, along with representing client company products, at over 70 domestic and international trade events. He coordinated the State’s R&D Grants, SBIR Program, Bio-Manufacturing, National Infrastructure Center for Engineering Systems and Technology among other initiatives.

For more information or to register, visit http://www.youngstartup.com/events
Early bird registration savings expire Tuesday, March 15.

To learn more about Pace University’s Business Incubator, please visit www.sci2.org or call 212-346-1064.

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