entrepreneurial connection
DESCRIPTION
The JumpStart Entrepreneurial Network accelerates the successes of diverse, high growth Northeast Ohio entrepreneurial early stage companies by providing seed capital, space and advice, and helping these promising firms access and leverage the right resources at the right time in their development.TRANSCRIPT
THE JUMPSTART ENTREPRENEURIAL NETWORK accelerates the
successes of diverse, high growth Northeast Ohio entrepreneurial early stage
companies by providing seed capital, space and advice, and helping these promising
firms access and leverage the right resources at the right time in their development.
ENTREPRENEURIAL CONNECTIONA NORTHEAST OHIO NETWORK COMMITTED TO STARTUP SUCCESS
entrepreneurs start here: jumpstartnetwork.org
A comprehensive regional innovation center, resource
hub and business incubator, GLIDE offers assistance across the entire business development continuum, from idea assessments and educational resources to access to capital. glideit.org
As part of its efforts to support, educate and champion manufacturing, MAGNET provides a
comprehensive package of business assistance services to support the growth of companies and significantly shorten the time it takes them to get to market. magnetwork.org
JumpStart provides critical support (such as mentoring, investment, talent attraction and
marketing) and connections to diverse, early-stage entrepreneurial companies in order to accelerate their growth. jumpstartinc.org
Through a combination of a customer-centric curriculum, mentoring, business development and investment, the LaunchHouse Accelerator program helps promising tech startups in software, mobile apps and hardware/robotics achieve success. launchhouse.com
The organization stimulates the development of regional innovation
clusters in advanced energy and flexible electronics by designing growth strategies with government policy leaders, and building relationships among cluster members to foster funding, research and business opportunities. nortech.org
A contributed capital and “sidecar” pre-seed investment fund, North Coast Angel Fund focuses
on young tech companies with significant growth potential in the biosciences, advanced materials, information technology and energy industries. northcoastangelfund.com
THE JUMPSTART HIGHER EDUCATION COLLABORATION COUNCIL This organized collaboration of 22 Northeast Ohio-based higher education institutions and community members connects these institutions to their communities, JumpStart and the Northeast Ohio entrepreneurial community.
WHAT IS THE NE T WORK?The Network is a formal group of entrepreneurial support resources that are located across the 21 counties of Northeast Ohio. These partners work together to provide efficient, complementary and cost-effective support to the region’s promising high growth firms.
The members of this Network fall into several major categories: •incubators and accelerators•investors in early stage opportunities•entrepreneurial education programs •innovation-focused research foundations
•other sector-specific entrepreneurial support organizations
WHO DOES THE NE T WORK HELP?
The Network helps early stage Northeast Ohio companies in high growth sectors such as healthcare, IT and cleantech, mainly by providing funding and/or significant high-impact business assistance. These growing businesses may have received low-cost or no-cost services including (but not limited to) help accessing capital, recruiting and hiring a key team member, signing an early customer, developing their board or even creating marketing materials.
“ManuscriptTracker would never have gotten off the ground without people who have been extremely supportive, giving me advice and connecting me to resources.”Brian Boyer | ManuscriptTracker
NET WORK PARTNER ORGANIZAT IONSThe business incubator provides affordable lab, manufacturing and
office space (as well as technical, administrative and professional services) to biomedical, IT, advanced materials and advanced energy companies. akronaccelerator.com
The regional forum introduces angel investors to promising
technology companies, with a particular focus on those leveraging the region’s strengths in healthcare, IT, polymers and advanced materials. uakron.edu/archangels
Akron Regional Change Angels
This collaboration between hospitals, higher education
institutions and funders accelerates translational research to biomedical commercialization, focuses on education initiatives, and improves access, prevention, treatment and disease management. abiakron.org
This business formation,
recruitment and acceleration initiative provides management, networking and funding assistance to help Northeast Ohio healthcare companies grow and commercialize bioscience technologies. bioenterprise.com
The 75,000-square-foot technology incubation and entrepreneurship facility
gets business ideas headed in a profitable direction by providing access to a variety of resources—including low-cost collaborative spaces, mentoring, funding and business assistance. braintreepartners.org
The nonprofit accelerator helps launch and grow innovative, scalable web- or tech-based startups via a combination of
mentoring, networking and funding. bizdom.com
The University is committed to active
engagement and support of innovation, technology development and entrepreneurial activities, including technology commercialization in the biomedical industry and an enriched biomedical incubator. neomed.edu
The research arm of Ohio State University’s College of Food, Agricultural and Environmental Sciences, OARDC works with government and industry leaders
to capture and grow the agricultural biosciences sector and to transform research into new business ventures and jobs. oardc.ohio-state.edu
This nonprofit institute enhances the state’s aerospace competitiveness by fostering research and technology
development, and bringing together the best companies, universities and government entities for collaborative research, technology development and commercialization projects. oai.org
The nonprofit University of Akron Research Foundation (UARF) aids technology-
based economic development by supporting and commercializing university research. uakron.edu/research/uarf.dot
This nonprofit entrepreneurial center and business incubator
supports the development of commercially viable business-to-business (B2B) software companies and other compelling technologies by offering support, education and space to entrepreneurs. techudson.org
The incubator helps accelerate emerging businesses—specifically information technology and B2B software—by providing an array of critical development resources,
including facilities, equipment, entrepreneurial counseling and networking opportunities. ybi.org
The mixed-use facility cultivates research and technical
potential, with the overarching goal of developing and commercializing early stage cleantech, energy and natural resource technologies. tbeic.org
THE NE T WORK’S IMPAC T SELEC T NE T WORK CLIENTS
cumulative risk capital raised by client companies to-date
$1.5B
clients that have received significant business assistance
824
direct jobs created and retained by client companies
2,568
cumulative revenue generated by client companies in 2013
$128M
companies receiving assistance that are minority- or women-owned
30%
p o w e r s y s t e m sEchogen Power Systems develops and
manufactures an engine that recovers
thermal energy from a wide variety of
sources and transforms it into usable
energy. echogen.com
•Echogen launched in the Akron Global
Business Accelerator and received both
funding and assistance from JumpStart.
The BoxCast video-sharing broadcast
box allows anyone with a video camera
to conveniently stream live video through
websites, email, Twitter and Facebook.
boxcast.com
•BoxCast received an Innovation Fund award, a
Cuyahoga County North Coast Opportunities
Fund loan and MPAcT grant from MAGNET; the
latter enabled the company to manufacture its
video-sharing broadcast box more easily and
cost-effectively.
Renter’s BOOM is an innovative online
solution that connects property managers
with potential tenants using socially
integrated leasing. rentersboom.com
•JumpStart and MAGNET client Renter’s
BOOM (which is also a Bizdom portfolio
company) received a Tech Sprout grant
through the Braintree Business Development
Center and an Innovation Fund award.
Funding Partner
Incubators and AcceleratorsAkron Global Business Accelerator
BioEnterprise
Bizdom
Braintree Business Development Center
Great Lakes Innovation and Development Enterprise (GLIDE)
JumpStart Inc.
LaunchHouse
TECHudson
The Incubator at MAGNET
Youngstown Business Incubator
Venture Capital and Angel FundsConcept Capital
North Coast Angel Fund
Other Service ProvidersARCHAngels
Austen BioInnovation Institute in Akron
IdeaCrossing
NorTech
Northeast Ohio Medical University
Ohio Aerospace Institute
Ohio Agricultural Research and Development Center
Tech Belt Energy Innovation Center
University of Akron Research Foundation
Pre-Seed and Seed FundsAkron BioInvestments Funds
Alliance Startup Fund
Appleseed Microfinance
Barberton Growth Fund
Canton Entrepreneur Launch
Cuyahoga County North Coast Opportunities Fund
Glengary LLC
Innovation Fund,Founded by the Lorain County Community College Foundation
JumpStart Evergreen Fund
Tech Sprout
Wooster Opportunity Loan Fund
EducatorsThe JumpStart Higher Education Collaboration Council
NET WORK-AFFILIATED REGIONAL FUNDSCAPITAL SOURCE
Akron BioInvestments Fund(Rapid Commercialization
Loan Fund)up to $250,000 loan (convertible note or equity) City of Akron
Alliance Startup Fund up to $35,000 low-interest loan City of Alliance
Appleseed Microfinance $1,000-$35,000 loan Northeast Ohio
Barberton Growth fund up to $50,000 low-interest loan City of Barberton
JumpStart Evergreen Fund up to $250,000 convertible note Northeast Ohio
Tech Sprout up to $2,000 for NE Ohio up to $6,000 for Braintree tenants micro-grant Northeast Ohio
Cuyahoga County North Coast Opportunities Fund $25,000-$125,000 low-interest loan Cuyahoga County
Canton Entrepreneur Launch up to $250,000 convertible note or equity City of Canton
Innovation Fund of Lorain County Community College Foundation up to $100,000 Series A grant, Series B loan Northeast Ohio
Wooster Opportunity Loan Fund up to $100,000 low-interest loan Wayne County
AMOUNT T YPE OF FUNDING GEOGRAPHICAL REQUIREMENTS
Ohio Third Frontier is an internationally recognized $2.3 billion technology-based economic development initiative. It supports existing industries that are transforming themselves with new, globally competitive products and fostering the formation and attraction of new companies in emerging industry sectors. Ohio Third Frontier provides funding to Ohio technology-based companies, universities, nonprofit research institutions and other organizations to create new products, companies, industries and jobs.