We Challenge the Status Quo with Ground Breaking Technologies
International Technology
Capitalization & Commercialization
Washington DC | Cleveland OH
5iTech advances innovative technologies to market and participates in the resulting commercial success
- We build and manage companies based on technologies emerging from large and small corporations, research institutions, as well as individual inventors
- We provide advisory services to qualified partners seeking to build value based on technology and intellectual property
- We share risks and rewards with our technology partners and clients
About
5iTech specializes in bringing to market paradigm-shifting technologies both as a founder of early stage ventures, and as provider of advisory services on matters related to intellectual property-driven business growth, strategic planning, patent portfolio optimization, and acquisition advice.
The company has extensive international transactional expertise and has launched a number of transnational
technology companies.
As a founding member of its technology ventures, 5iTech actively guides its companies to market and wields decisive influence over its subsidiaries development.
Each 5iTech company typically owns its intellectual property and each is designed to aggressively and efficiently.
Our Philosophy
Substantial commercial value can be built on the basis of carefully selected and effectively managed technical innovations.
The growth and recognition of such value by markets depends largerly on the skill and ability of the commercialization team to build critical mass behind the project.
An effective commercial launch ultimately depends on the construction of true partnerships among the interested parties and their dedication to the effort.
Our Leadership
Contact
330-554-6856
Info@5itech.com
Leon Polott
Leon Polott is the Founder, President and Chief Executive Officer of 5iTech. He is an entrepreneur, technology commercialization professional, experienced deal maker and attorney. Over ~25 years, Mr. Polott has specialized in technology commercialization, technology transfer, strategic planning, startup operations and funding.
Prior to launching 5iTech, Mr. Polott practiced law with prominent law firms in Southern California and Ohio. He represented U.S. and foreign clients in multi-million dollar negotiations and advised them with respect to commercialization of novel technologies, international business ventures and market penetration strategies. He was repeatedly elected to chair the International section of the Cleveland Bar Association and served in that position from 1999 to 2001.
The US Department of Commerce appointed Mr. Polott to the U.S. - Russia Innovation Council on High Technology (an entity organized at the direction of President Bush and President Putin) where he served as one of 5 US business representatives from 2005 to 2011.
Mr. Polott is a native of Moscow; he immigrated to the United States, earned a BA with honors in government from Oberlin College, and earned his Juris Doctorate from The University of Texas School of Law where he was a member of the Texas International Law Journal.
Frank Nagorney
Frank Nagorney is General Counsel to 5iTech. He also serves as a Partner with the law firm of Kaufman, Drozdowski & Grendell in Cleveland, Ohio. Mr. Nagorney focuses on corporate finance and capital formation for his entrepreneurial clients, with an emphasis on investment banking and strategic planning issues. He also advises clients on taxation, mergers, acquisitions, licensing of intellectual property, and international transactions.
In addition to his extensive experience in the legal profession, Mr. Nagorney has also been involved as a principal and held management positions in several private manufacturing companies with niche manufacturing markets.
Mr. Nagorney counsels and represents real estate clients on financing and syndications, including historic tax credits, low income housing tax credits, new market tax credits, FHA and HUD financing, and environmental compliance. He also provides representation for charitable and tax exempt organizations and foundations.
His recent projects include licensing of domestic and foreign intellectual property rights, private venture capital financing for pharmaceutical and medical device clients, purchase and sale of internet properties, restructuring of a financially troubled enterprise, institutional banking (including letter of credit supported revenue bond), factoring of accounts receivable for a manufacturing client, negotiating contract terms for an India manufacturing facility, HUD financing of an urban residential apartment project, advising executives of a public relations firm regarding compensation, personal stock options and non-competition requirements in connection with the sale of the firm.
Mr. Nagorney earned his Juris Doctor from New York University and a Bachelor of Science in Accounting from Case Western Reserve University.