OttawaMEDTECH Networking Breakfast & Seminar – May 28, 2008, Crowne Plaza Hotel, 101 Lyon St., Ottawa, ON
Wed, May 28 2008
Event: OttawaMEDTECH Networking Breakfast & Seminar
Title: Strategies for Obtaining Seed Capital and Subsequent Rounds of Funding:
Where to Look, How to Get it, and Lessons Learned
Date: Wednesday May 28, 2008
Time: 7:30 a.m. – 10:00 a.m.
Location: Crowne Plaza Hotel
Cost:
Early Registrations (Register before Monday May 26, 2008)
$ 40.00 - OCRI members (plus 5% GST)
$ 60.00 - Non-members (plus 5% GST)
$ 25.00 - Students (plus 5% GST)
Late/On-site Registrations
$ 50.00 - OCRI members (plus 5% GST)
$ 70.00 - Non-members (plus 5% GST)
$ 35.00 - Students (plus 5% GST)
Keynote Speaker
Jean T. Castonguay
President & CEO, ProDrive Systems Inc.
Keynote Summary
This interactive seminar will provide medical technology entrepreneurs an opportunity to understand how to approach funding sources, decide how much capital to raise, and assess current trends in funding strategies.
Where to Look: Finding the right funding source is imperative to getting an early-stage medical device off the ground. Understanding what angels, VCs and other investors are looking for is essential for securing funding. Locating alternative sources of capital, including government grants, is also critical.
How to Get It: Different funding strategies have shown varying degrees of success. Deciding how much capital to raise, from whom, and when to approach angels, VCs and other funding sources, as well as understanding the requirements necessary to raise capital, play significant roles in successful funding. It’s not just about the money. A catchy pitch, a demonstrable need in a sizable market, an experienced corporate team, a realistic plan for becoming cash-flow positive, technical acuity, and a sound financial plan are also important.
Lessons Learned: The funding market has changed dramatically over the last few years. The resulting movement towards greater adversity to risk has seriously affected the disbursement of funds by VCs for early-stage companies. Is the most likely exit still a sale, or is it preferable to move towards becoming a publicly traded company?
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Agenda:
7:30 a.m. Registration, Networking and Breakfast
8:30 a.m. Opening Remarks
David McInnes, Vice President, International Relations, MDS Nordion
Chair, OttawaMEDTECH
8:40 a.m. Strategies for Obtaining Seed Capital and Subsequent Rounds of Funding:
Where to Look, How to Get it, and Lessons Learned
Jean T. Castonguay
President & CEO, ProDrive Systems Inc.
9:10 a.m. Question and Answer
9:45 a.m. Closing Remarks
Cancellation Policy: Only cancellations received in writing by fax/email two (2) working days prior to the event date will be refunded, less 10%. Substitutions are permitted and notification prior to the event date is appreciated.
Registrar:
Gina Welch
613-828-6274 ext 224
gwelch@ocri.ca
Content Information:
Mandeep Rayat, Manager, Medical Technology Initiative
(613) 828-6274 ext.132
mrayat@ocri.ca
SPEAKER BIO
Jean T. Castonguay is a corporate attorney with 20 years of experience in mergers and acquisitions, financing, and licensing transactional matters. He is principally responsible for ProDrive Systems' growth through strategic and licensing alliances and capital relationships. Over the last ten years Jean has held senior management positions in growth companies. Jean graduated from
ABOUT PRODRIVE SYSTEMS INC.
The ProDrive Systems Inc. patented triangular bur and turbine system improves the performance of dental handpieces and enhances practice efficiency. ProDrive's innovations are poised to revolutionize dental technology and practice in North America. Visit www.prodrivesystems.com for more information.