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FLORIDA OPPORUNITY FUND

FLORIDA OPPORUNITY FUND. Florida Opportunity Fund (FOF) . Fund of Funds Structure Created in 2007 legislation $29.5 appropriation Equity Investments in other Venture Funds only Invests in only early/seed stage funds Managed by Florida First Partners (FFP). Florida Opportunity Fund (FOF).

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FLORIDA OPPORUNITY FUND

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  1. FLORIDA OPPORUNITY FUND

  2. Florida Opportunity Fund (FOF) • Fund of Funds Structure • Created in 2007 legislation • $29.5 appropriation • Equity Investments in other Venture Funds only • Invests in only early/seed stage funds • Managed by Florida First Partners (FFP)

  3. Florida Opportunity Fund (FOF) • Fund of Funds Structure (continued) • Currently $23 million committed to Venture Funds • Element Partners-Clean Energy • Inflexion Partners-Communication, IT and Life Sciences • New Enterprise Associates-Healthcare/Life Sciences, Clean Energy and Information Technology • Harbert Venture Partners-IT, Healthcare, Communications • 5 AM Ventures-Life Sciences Technology, Pharmaceuticals • Stonehenge Growth Capital-IT, Business Services

  4. Florida Opportunity Fund (FOF) • Energy/Cleantech Direct Investment Fund • Invests directly to Florida based businesses • $36 million of funding from the Governor’s Energy Office by way of Stimulus funding from US Department of Energy • Managed by Florida First Partners (FFP) • FOF Board will make final investment decision

  5. Florida Opportunity Fund (FOF) • Florida First Partners is joint venture between Milcom Venture Partners and Credit Suisse • FOF will typically act as a lead investor and form a syndicate of investors • FOF cannot be a sole investor for any project

  6. Florida Opportunity Fund (FOF) • Program will have an energy efficiency mandate • Facility and Equipment Improvement • Renewable Energy Products • Process Improvement • Energy Efficiency Technology Improvement

  7. Florida Opportunity Fund (FOF) • Funding cannot be used for research & development • Program awaiting completion of documentation between all involved parties

  8. Florida Opportunity Fund (FOF) • Application will be available online at www.floridaopportunityfund.com • Main Contact at Florida First Partners • Jennifer Dunham-jennifer@floridaopportunityfund.com

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