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The Anoka Sherburne CountyCapital fundandtheCity of Elk Hiuer • Conrafulafe Genesis Business Centers, Winner of a1001 Tekne Award. The Partners y:- 0 • Genesis Business Centers :� ea-;-t Genesis is a private economic develop- ment company which provides assistance ` `4.4.7.: -'' _ to Minnesota's best and brightest seed • . ..- .. stage technology companies. ''',4*'4. i ?„ ° _ ►Anoka Sherburne County Capital Fund • The ASCCF is a for-profit fund created ,. * 4, by the Anoka County Economic f-41{.1''' : 'd'° k .4. n Development Partnership which does ?R_ - ` " economic development work in and for Anoka County.The Fund makes equity r -, ...".0""t,;,, investments in emerging technology I companies that are or will locate in Anoka �ta ' "' or Sherburne counties. ►City of Elk River The light industrial manufacturing hub i . a , .*ir of the northwest;Elk River is 8 miles .. - .' A north of the I-404 beltline.The city's 0 .'I'r. ' ' „, t affordable land,Energy City status,and financial assistance has proven appealing Cymbet Demonstrates the Power of Partnering to firms in all stages of growth--from incubator to international;from garage startup to regional rollout.Elk River has ltimately,batteries in hearing aids,cell approached the City of Elk River about the more than 200 acres available. phones,and PDAs will disappear from Incubator Program,a collaboration between the consumer's consciousness and the city and Genesis. Clients Served become an integral part of the product. Genesis helped Mark launch his firm ►The ASCCF has invested in StepMate, Cymbet's goal is to develop a unique manu- with an initial bridge loan of$400,000 in Cymbet Corporation,Micro Surfaces, facturing process to produce these ultra seed capital.A significant portion of this Northstar Phototonics,and Vertical Publishing as a result of the Genesis thin,solid state batteries which will be infi- investment came from the ASCCF and the program in Elk River.In addition,the nitely rechargeable through wireless means. Elk River Investment Club,a unique local ASCCF has made 25 investments in Brian Shiffman,Cymbet's vice president business network. companies located in Anoka County of business development explains,"We did a Harlan Jacobs,president of Genesis says, thorough site selection for a location that "We took Cymbet overseas to Helsinki, For More Information could support our high-tech research and Finland and Tel Aviv,Israel to secure a total ►Harlan T.Jacobs,President .z CC0ESIS manufacturing firm.We chose Elk River, of$4.5 million in venture capital funding. Fli 4 1 BUSINESS CEHTEFS.LTO. lxn�,,,r;P�1 Minnesota because we were impressed with This allowed the company to finalize its www.GenesisCenters.com the financial assistance from the Elk River technology transfer agreement with the (763) 782-8576 Investment Club,the Anoka-Sherburne Oak Ridge National Laboratory." ►Roger Jensen,President County Capital Fund,and Genesis Business Cymbet recently expanded from the incu- ASCCF Centers." bator into it's own headquarters.Cymbet's Anoka Sherburne County Capital Fund • Genesis Business Centers and the ASCCF Shiffman notes,"Now,that we've moved wwwacedp.org excel at identifying and assisting emerging into our new facility,we're thankful for (763)786-0869 ►Cathy Mehelich,Director , technology companies as they strive to go Elk River's hometown flavor,the business City of Elk River,EDA cty of from laboratory to marketplace. community's camaraderie and the city's www.ci-elk-river.mn.us Elk Cymbet's founder Mark Jenson first development expertise." (763)441-7420 River