Changes

| We co-found the company with you. If the technology really is promising (with some third-party validation), we’ll do the work of setting up the cofounding company, licensing in the technology and working with you to design the next phase of development. At the beginning phases, we work for equityacquiring capital/grants, so that the seed money that we put in when the company is started all goes for third-party expenses to advance development. We’ll assign a senior Fannin manager to be responsible for the program, supported by in-house professionals, fellows and interns who will handle much of the day-to-day workadministration assistance. Because we manage many companies on a pooled basis, you won’t get all of our attention 100% of the time – but you will get 100% of our attention when it matters, and we’ve found that this approach works particularly well Assistance in life science product developmentexchange for equity. | Given the substantial time it takes most products to reach points of significant value enhancementseed money, we try to use early “seed” dollars sparingly and seek out non-dilutive grants and other funding sources to make the early equity go farther. We will not use the seed dollars we provide to fund basic research in your lab. But we will work with you to go after grants, and we have a great record of doing successfully. At some point in time, howeverinvestment, it may make sense to ramp up the effort – by building out the management team and seeking substantial institutional venture capital funding to accelerate development, but this is the exception and not the rule. More often, we reach out and identify strategic industry partners and we try move to involve them in the development program.next stage

| Fruition simplifies the steps Techpreneurs need to take to build their ideas into thriving business ventures through our 5 Simple Steps to Fruition: Unlock, Explore, Plan, Build and Launch. No matter what stage in the process you are in, your dedicated team of Fruition mentors and collaborators will lend their advice, expertise and talent to help your project reach its maximum potential and keep you and your team accountable every step of the way.