See the latest JumpStart news here. Click on a headline to read the release in its entirety. Releases older than one year can be found on the Archives page.
Media inquiries should be directed to Cathy Belk, JumpStart's Chief Marketing Officer, via email at Cathy.Belk@jumpstartinc.org or phone 216.363.3400.
CardioInsight Technologies Inc., a leading developer of non-invasive electrocardiographic mapping technology, recently closed a $6 million Series B round of funding. Draper Triangle Ventures, Case Technology Ventures, Dr. Michel Haissaguerre, a leading international electrophysiologist, and Company Management all participated in the funding round.
The 2009 Venture Capital Report for the Cleveland Plus Region announces that between 2005 and 2009, $1.1 billion has been invested by venture capitalists and angel investors in 183 unique companies in the region. In the last five years, these 183 Northeast Ohio companies have received 348 investments, contributing to the state of Ohio’s 2009 ranking as a top ten state for investment deal activity.
JumpStart Inc., the Northeast Ohio venture development organization that accelerates the progress of high growth early-stage businesses, and Portal Capital, a Cleveland-based private equity firm investing in life science companies, each announce an investment commitment of $250,000 in TheraVasc Inc., for a total commitment of $500,000. The Cleveland, Ohio company is commercializing a treatment for peripheral artery disease.
JumpStart Inc., the Northeast Ohio venture development organization that accelerates the progress of high growth early-stage businesses, announced a JumpStart Ventures investment commitment of $250,000 in Absorbent Materials Company LLC (dba ABSMaterials LLC). The Wooster, Ohio company is developing a novel, silica-based material that absorbs toxins in water.
JumpStart Inc., the Northeast Ohio venture development organization that accelerates the progress of high growth early-stage businesses, announced a JumpStart Ventures investment commitment of $250,000 in MAX Endoscopy Inc. The Macedonia, Ohio medical device manufacturer is using fiber optics to guide the treatment of hemorrhoids.
JumpStart Inc., the Northeast Ohio venture development organization that accelerates the progress of high growth early-stage businesses, announced a JumpStart Ventures investment commitment of $250,000 in Electron Database Company. The Richfield, Ohio company is creating a database software application that will dramatically improve the performance of enterprise applications, data warehouses, and cloud computing infrastructures.
JumpStart Inc., the Northeast Ohio venture development organization that accelerates the progress of high growth early-stage businesses, announced a JumpStart Ventures investment commitment of $250,000 in Checkpoint Surgical, LLC. A spinout of NDI Medical, the Highland Hills, OH medical device company is developing and commercializing a surgical handheld disposable nerve stimulator.
JumpStart Inc., the Northeast Ohio venture development organization that accelerates the progress of high growth early-stage businesses, was named a recipient of the State Science and Technology Institute’s (SSTI) 2009 Excellence in Technology-Based Economic Development Awards.
JumpStart Inc., the Northeast Ohio venture development organization that accelerates the progress of high growth early-stage businesses, announced an investment commitment of $200,000 in iGuiders, Inc. The Cleveland-based information technology company is developing a guided decision technology for the Internet that simplifies complicated searches through the use of question and answer logic. iGuiders has been a JumpStart Ventures portfolio company since it received an initial investment commitment of $275,000 from JumpStart in February of this year.
JumpStart Inc., the Northeast Ohio venture development organization that accelerates the progress of high growth early-stage businesses, announced a JumpStart Ventures investment commitment of $250,000 in Catacel Corporation. The Portage County clean energy company engineers and manufactures catalytic heat exchanging materials.
JumpStart Inc., the Northeast Ohio venture development organization that accelerates the progress of high growth early-stage businesses, announces a JumpStart Ventures investment commitment of $250,000 in Myers Motors LLC, a Tallmadge, OH company manufacturing electric vehicles.
The investments and activities of JumpStart Inc., the Northeast Ohio venture development organization that accelerates the progress of high growth early-stage businesses, generated $75.7 million in economic output impact in 2008 in Northeast Ohio, according to a recent study conducted by the Center for Economic Development at Cleveland State University. This is a 29 percent increase from JumpStart’s 2007 impact of $58.5 million. The report also highlighted $8.3 million in taxes generated, 502 jobs created or retained, and $20.9 million in household income generated in 2008 due to the activities of the organization.
JumpStart Inc., the Northeast Ohio venture development organization that accelerates the progress of high growth early-stage businesses, and Case Technology Ventures (CTV), a pre-seed stage venture capital and technology validation fund at Case Western Reserve University, recently announced an investment commitment of $375,000 in Neuros Medical, Inc., a Cleveland, OH company commercializing neurostimulation technology developed at Case Western Reserve University.
Last year the NorTech Venture Capital Advisory Task Force reported in its inaugural 2006 Venture Capital Report that the region would need to generate and attract over $1.2 billion in venture capital by 2011 in order to meet the capital needs of companies located in Northeast Ohio. According to the findings from the recently completed 2007 Venture Capital Report of the Cleveland+ region, to be released in print mid February, Northeast Ohio has made significant progress toward reaching this goal. With $318 million in new investments, compared to $157 million in 2006, the region saw a doubling in the amount of capital invested into its growing companies as well as a 40 percent increase in the total number of investments made during 2007.