International Technology Capitalization & Commercialization
Washington DC  |  Cleveland OH
We Challenge the Status Quo with Groundbreaking Technologies

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

OUR LEADERSHIP

Leon Polott is the Founder, President and Chief Executive Officer of 5iTech.   He is a 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 is General Counsel to 5iTech. He also serves as an attorney with the law  firm of Buckley King, LPA 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 marektes.   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 a medical device clients, purchase  and sale of internet properties, restructuring of a finically 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. 

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  advance its products to market. 

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.    
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International Technology Capitalization & Commercialization
Washington DC  |  Cleveland OH
We Challenge the Status Quo with Groundbreaking Technologies

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

OUR LEADERSHIP

Leon Polott is the Founder, President and Chief Executive Officer of 5iTech.   He is a 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 is General Counsel to 5iTech. He also serves as an attorney with the law  firm of Buckley King, LPA 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 marektes.   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 a medical device clients, purchase  and sale of internet properties, restructuring of a finically 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. 

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  advance its products to market.

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.  
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