intensive assistance and support for diverse entrepreneurs
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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
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%)
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
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