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 Relationship Officer, via email at Cathy.Belk@jumpstartinc.org or phone 216.363.3400.
JumpStart Inc., a nationally recognized non-profit organizationcreating economic transformation in Northeast Ohio by providingresources to entrepreneurs, announces several organizational changes.The changes are a result of recent funding awards from Ohio ThirdFrontier, the Economic Development Administration, and others, whichdirectly support the organization’s vision of making Northeast Ohio anationally significant center of entrepreneurship and innovation.
JumpStart Ventures, which invests in and partners with innovative, early-stage companies in Northeast Ohio, announced an investment commitment of $250,000 in drug development company ChanRx. The two-year-old company is developing a pharmaceutical compound to treat atrial fibrillation, a heart condition that affects two million Americans, with 200,000 new cases being diagnosed each year.
JumpStart Ventures, which invests in and partners with innovative, early-stage companies in Northeast Ohio, ended its fiscal year with the highest number of investments made since its inception in 2004. With the closing of its two latest investments, JumpStart Ventures made 13 investments in fiscal year 2010, which includes nine investments in new companies and four additional investments in existing portfolio companies.
Rebecca Braun, President of JumpStart Ventures, spoke yesterday at The Congressional Forum on U.S. Economic Competitiveness in Washington D.C. about strategies for increasing the creation of globally-competitive companies and jobs. JumpStart Ventures is the investing arm of JumpStart Inc., a nationally recognized non-profit organization creating economic transformation by providing entrepreneurial development assistance to entrepreneurs leading high potential, early-stage companies.
JumpStart Inc., a nationally recognized non-profit organization creating economic transformation by providing resources to entrepreneurs leading high potential, early-stage companies, has received a $1 million grant from The Richard J. Fasenmyer Foundation of Fairlawn, Ohio. This is the first gift the Fasenmyer Foundation has made under its philanthropic mission of supporting entrepreneurship and free enterprise.
JumpStart Ventures, which invests in and partners with innovative, early-stage companies in Northeast Ohio, announces that its portfolio company, DIY Real Estate Solutions, a developer of web-based property management software solutions, was acquired by Yardi Systems, a global asset and property management software provider.
Ohio Third Frontier-backed JumpStart Inc. had an economic impact of $90 million in 2009, bringing its four year impact on Northeast Ohio to $267 million, according to a report published today by Cleveland State University. The work of the nationally recognized non-profit organization, which is creating economic transformation by providing entrepreneurial development resources to entrepreneurs leading high potential, early-stage companies, also helped create and retain 664 jobs in Northeast Ohio; this represents 162 more jobs than its 2008 impact (a 32 percent increase).
JumpStart Ventures, which invests in and partners with innovative, early-stage companies in Northeast Ohio, announced an investment commitment of $250,000 in Thermalin Diabetes Incorporated. The young biopharmaceutical company is developing new insulin treatments for patients with diabetes.
Governor Ted Strickland, Ohio Department of Development Director Lisa Patt-McDaniel and JumpStart Chief Economic Inclusion Officer Darrin Redus today announced the launch of a new initiative, “JumpStart Launch100” to 21 northeast Ohio counties.
JumpStart Ventures, which invests in and partners with innovative, early-stage companies in Northeast Ohio, announced an investment commitment of $250,000 in Melody Management. The four-year-old new media company has developed a Software-as-a-Service (SaaS) application for independent musicians to efficiently manage their online presence and digital music sales across multiple social networking websites.
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 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 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 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.