intensive assistance and support for diverse entrepreneurs

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Page 1: Intensive Assistance And Support For Diverse Entrepreneurs

JumpStart guides minority, women and inner city-based

entrepreneurs seeking to build larger-scale, high-impact firms.

jumpstartinc.org • 216.363.3400 follow us: @jumpstartinc

iNTENSiVE aSSiSTaNCEaND SUPPORT FOR DiVERSE ENTREPRENEURS

Page 2: Intensive Assistance And Support For Diverse Entrepreneurs

At JumpStart, economic inclusion is at the core of how we do business. It’s a genuine commitment that allows us to help realize a rich diversity of entrepreneurial talent and promise.Creating more scalable firms holds great promise for creating economic impact

and alleviating inner city economic challenges because, statistically, high

growth minority firms employ minority workers at more than twice the rate of

non-minority firms. Still, there is a critical gap in funding and support for high

potential, women- and minority-led businesses. To address this requires:

• Encouraging minority and women entrepreneurs to think differently

about entrepreneurship and consider starting high growth firms.

• Increasing the number of high growth women- and minority-owned

businesses seeking venture or angel capital investment and helping

them prepare to pitch for and receive that investment.

• Increasing the amount of risk capital invested in women- and minority

led companies.

• Connecting minority talent, investors, researchers and other historically

underrepresented communities to the entrepreneurial ecosystem.

a FOCUS ON iNClUSiViTyOVERViEw

IN 2007, MORE THAN ONE-FIFTH

OF THE NATION'S 27.1 MILLION FIRMS WERE MINORIT Y- OWNED.

MINORIT Y ENTREPRENEURSHIP INCRE ASED 65% BET WEEN 1996 &

2012, with minorities now accounting for 38% of new entrepreneurs.

“AfrICAn-AmErICAn- ownEd

buSInESSES drove job creation ovEr ThE 5-yEAr

pErIod of 2002 And 2007,

wITh EmploymEnT growIng

22%, ExCEEdIng ThAT of

non-mInorIT y- ownEd

buSInESSES.”

— u.S. Census bureau’s 2007 Survey of business owners, released in 2011

1 9 9 7

IN 1997, JUST UNDER 1 MILLION

( 929,445 ) WOMEN- OWNED FIRMS

WERE OWNED BY WOMEN OF COLOR (17%)

2 0 1 3

IN 2013, 2.7 MILLION WOMEN- OWNED

FIRMS WERE OWNED BY WOMEN OF

COLOR (31%)

Page 3: Intensive Assistance And Support For Diverse Entrepreneurs

To engage wiTh and advance The needs of diverse enTrepreneurs, JumpsTarT’s five-prong approach includes:

outreach: we promote, host and produce educational or networking events

and communications specifically targeted to diverse entrepreneurial audiences.

JumpStart also works closely with the regional chapters of the national black mbA

Association and national Society of hispanic mbAs, and we are connected to national

organizations such as the national Society of black Engineers, the Society of hispanic

professional Engineers and the American Association of blacks in Energy.

storytelling: we share stories of diverse entrepreneurs who are working to grow

bigger businesses, such as the members of the Charter one launch100 leadership

Circle. Established in 2012, the Circle recognizes diverse entrepreneurs committed to

turning their business ideas into some of the region’s most impactful companies.

intensive hands-on assistance: we provide hands-on strategic planning to enable high

potential minority, women and inner city entrepreneurs to articulate high growth plans,

access investment funds and move their businesses through key growth milestones.

access to capital & connections to first clients: we introduce diverse

entrepreneurs to a national network of capital sources. And, in partnership with the

northern ohio minority Supplier development Council, the first Client pilot Initiative

helps thoroughly vetted client companies identify, approach and secure their first

major client upon completing a structured pilot or beta test with a major corporation.

embedded inclusion: we are committed to embedding inclusion across our

organization. This means hiring talented women and minorities, as well as seeking out

diverse board leadership, subject matter experts and service providers. by increasing

broader participation in the economic development and venture capital worlds,

we are generating awareness, connections and opportunity for these traditionally

disconnected audiences.

CliENTS RaiSED $137 M in follow-on funding

$37 M in revenue collectively generated by clients

PROgRam FaST FaCTS

iNTENSiVEly aSSiSTED

149 companies

The Charter one launch100 leadership Circle recognizes northeast ohio entrepreneurs committed

to turning their business ideas into some of the region’s most impactful minority-owned or –led

companies. The high potential startups in the leadership Circle include:

• Algae producers of America, Inc.

• Amplified wind Solutions

• body phyx

• CfrC water & Energy Solutions

• design flux Technologies

• King J Transportation

• mET Innovations

• on demand Interpretation Services

• optima lender Services

• orthodata

• QueenAnn Inc.

• rapid Charge Technologies

• rKn Corporation

• renter’s boom

• SafeCare

• Simply Southern Sides

• wahconah group

• wellness Integrated network

• Zuga medical

BROUGHT TO YOU BY JUMPSTART

L AUNCH100LAUNCH100LEADERSHIP CIRCLE

ENGAGE • EDUCATE • EMPOWER • ELEVATE

HONOREE

Page 4: Intensive Assistance And Support For Diverse Entrepreneurs

CfrC water and Energy Solutions’ products reduce water and energy consumed

by showers. cfrcsolutions.com

design flux Technologies has a combined hardware and software turnkey

solution for industries, businesses and consumers designfluxtech.com

cleantech

Rapid Charge Technologies is commercializing a proprietary rapid battery charging technology, holding an exclusive license for two patents for battery rapid charging and reconditioning techniques.

Algae Producers of America has established exclusive distribution and license agreements to issue natural products derived from algae. algaeproducersinc.com

healthcare

m.o.m. Tools, llC produces punch tool products with a patented design that significantly reduces the cost

of stamping metal and plastic components and increases available production time. mom-tools.com

A subsidiary of urban food Concepts, llC, Simply Southern Sides provides quick and convenient

Southern-style comfort foods through an extensive line of slow-cooked, boil-in-bag vegetables and side dishes. simplysouthernsides.com

on demand Interpretation Services has developed a live video teleconferencing solution

that allows courtroom interpreters to appear remotely. ondemandinterpreters.com

Sivad marketing, dbA “The food Stretcher plus,”

has developed a proprietary electronic coupon marketing system that targets low income and government subsidized consumers, allowing them to stretch their shopping dollars.

renter’s boom is an innovative online solution that connects property

managers with potential tenants using socially integrated leasing. rentersboom.com

wIn has developed a mobile web-based application that enables users to track their

dietary intake and recommends meals and physical activities. wellnessintegratednetwork.com

information Technology

Business & consumer products & services

The wahconah group is dedicated to designing,

manufacturing, marketing and distributing innovative apparel. wahconahgroup.com

optima provides third-party vendor management services related to residential and commercial loan

portfolios. optimalenderservices.com

Avotronics powertrain Inc. is creating an affordable fuel-saving technology that can

be installed on almost any vehicle. avotronics.com

Amplified wind Solutions’ award-winning system produces electricity for

telecommunications applications by capturing and magnifying wind power.

body phyx is developing a revolutionary, automated medical device, The nerve mobilizer, to treat and reduce musculoskeletal pain.

bodyphyxinternational.com

mET Innovations develops processes that convert non-

hazardous hydrocarbon industry byproducts into industrial raw materials. Its spinoffs include MCAT Services [mcatservicesllc.com] and MAR Systems [marsystemsinc.com].

QueenAnn Inc. has created a patented food preparation process that produces ‘convenient, all-natural, cost-effective’ bubba’s Q de-boned baby back rib Steaks.

King J Transportation increases the efficiency and probability of its primary market, independent motor carriers

and fleet owners, by providing a variety of freight services.

rKn is developing a patient-controlled hand sanitation

dispenser to minimize patient contribution to hospital-acquired infections (hAIs).

SafeCare provides continuous background checks on longterm- care and hospital workers to

protect residents and patients. safecarenow.com

Zuga medical creates products that use familiar, safe and efficient procedures to enable general dentists to

provide patients with clinically preferred implants over less preferred bridges. zugamedical.com

To Apply: www.JumpSTArTInC.org/Apply for morE InformATIon : www.JumpSTArTInC.org/InCluSIon

Intellirod Spine is a medical device company developing

a breakthrough implantable spine fusion sensor. intellirodspine.com

bold guidance’s mobile app makes applying to

college less stressful and more efficient for everyone by allowing students to follow a checklist specific to each college’s application, and stay on track with automatic reminders for deadlines and tasks.boldguidance.com