All press releases that are over a year old can be found below.
JumpStart Inc., the nationally recognized Northeast Ohio venture development organization that accelerates the growth of early-stage businesses, announces that it has packaged its entrepreneurship offerings into three distinct lines of business: JumpStart Inclusion Advisors, which guides high impact minority and women-owned businesses; JumpStart TechLift Advisors, which serves the region's high potential technology entrepreneurs; and JumpStart Ventures, to invest in the region's most promising ideas and work with their entrepreneurs to build great companies.
JumpStart Inc., the Northeast Ohio venture development organization that accelerates the growth of innovative early-stage businesses and ideas, recently announced an investment commitment of $275,000 in iGuiders, Inc. The Cleveland-based information technology company is developing a guided Internet search technology that simplifies complicated searches through the use of question and answer logic.
Even in the challenging economic environment of 2008, more companies in the Cleveland Plus region received investment last year than in any of the last five. According to the 2008 Venture Capital Report for the Cleveland Plus region, 73 companies received $259 million in investment capital in 2008. This Report is compiled by the Venture Capital Advisory Task Force and will be released in printed version in mid-February.
JumpStart Inc., the Northeast Ohio venture development organization that accelerates the growth of innovative early-stage businesses and ideas, recently announced an investment commitment of $350,000 in BSKLive, Inc. The Cuyahoga County company’s flagship product, StaffKnex, is a web-based software as a service (SaaS) application that manages employee scheduling and staffing emergency resolution for companies in healthcare and other industries with shift-based workforces.
JumpStart Inc., the Northeast Ohio venture development organization that accelerates the growth of innovative early-stage businesses and ideas, recently announced an investment commitment of $400,000 in Wireless Environment, LLC, an Elyria, OH company developing and patenting technologies for use in a wide range of lighting products that use light emitting diodes (LEDs).
JumpStart Inc., the Northeast Ohio venture development organization that accelerates the growth of innovative early-stage businesses and ideas, today announced the close of an equity investment commitment of $380,000 in VasoLux MicroSystems, LLC, a company developing a minimally invasive device that measures the quality of cartilage. The technology will aid in not only identifying osteoarthritis, a condition caused by the degradation of cartilage that affects more than 20 million Americans, but in determining the most effective treatment plan.
JumpStart Inc., the Northeast Ohio venture development organization that accelerates the growth of innovative early-stage businesses and ideas, announced an investment commitment of $400,000 in DIY Real Estate Solutions (DIY), a Cleveland-based software developer that offers a complete management solution to the residential rental property management market.
JumpStart Inc., the Northeast Ohio venture development organization that accelerates the growth of innovative early-stage businesses and ideas, is pleased to announce two new additions to the management team. John Dearborn joins as Chief Development Officer and Cathy Belk as Chief Marketing Officer.
JumpStart Inc., the Northeast Ohio venture development organization that accelerates the growth of innovative early-stage businesses and ideas, today announced the close of an equity investment commitment of $380,000 in Freedom Meditech, Inc., a developer of a proprietary non-invasive ocular glucose measurement device for people with diabetes. The company’s device is based, in part, on patented technology developed at the University of Toledo.
The Center for Economic Development (CED) at Cleveland State University’s Maxine Goodman Levin College of Urban Affairs and JumpStart Inc. have released their third annual report summarizing the findings of an entrepreneurship confidence survey (conducted from May 30 to June 30, 2008) to assess the entrepreneurial climate and entrepreneurs’ confidence in their ability to start and sustain a business in Northeast Ohio.
JumpStart Inc., the Northeast Ohio venture development organization that accelerates the growth of innovative early-stage businesses and ideas, recently announced an investment commitment of $350,000 in MesoCoat, Inc., a wholly-owned subsidiary of Powdermet, Inc. MesoCoat was formed from Euclid-based Powdermet in 2007 to commercialize and further develop its line of proprietary, patented, environmentally-friendly nanocomposite coating materials and application technologies.
JumpStart Inc., the Northeast Ohio venture development organization that accelerates the growth of innovative early-stage businesses and ideas, has announced an investment commitment of $350,000 in Cleveland-based Tursiop Technologies, LLC. The JumpStart investment is part of a recently closed investment round that included $1 million from RMS Management of Cleveland, OH.
JumpStart Inc., the Northeast Ohio venture development organization that accelerates the growth of innovative early-stage businesses and ideas, has announced an investment commitment of $350,000 in CerviLenz™, Inc. The Cleveland-based company is commercializing a patented, Federal Drug Administration cleared medical device that allows obstetricians to easily measure cervical length in pregnant women, which has been established by the National Institutes of Health as an effective predictor of preterm birth risk.
JumpStart Inc., the Northeast Ohio venture development organization that accelerates the growth of innovative early-stage businesses and ideas, has announced its participation in STACK Media’s latest round of funding. The Cleveland-based media company develops unique content geared toward high school athletes and delivers it via both the Internet and hard copy magazines.
Great Lakes Pharmaceuticals, Inc. announced today the completion of Series A $2.4 million equity financing led by Ohio investment funds including the North Coast Angel Fund JumpStart Inc., Everett Partners, Ltd, Ohio TechAngel Fund and Case Technology Ventures. The Company intends to use the funds to finalize the pre-clinical development and initiate pivotal clinical study of B-Lock™, a heparin-free antimicrobial and antithrombotic catheter lock solution.
JumpStart Inc., the Northeast Ohio venture development organization that accelerates the growth of innovative early-stage businesses and ideas, recently announced an investment commitment of $400,000 in InSeT Systems LLC, which is developing real-time tracking and communications systems for underground mines.
JumpStart, an Ohio venture development firm focused on early-stage startups, announced that it has launched VentureCareers on its website to assist its portfolio companies with their recruiting needs in a tight labor market. Hosted by VentureLoop, a leading provider of software and services to the venture capital and startup communities, VentureCareers will enable JumpStart to offer a valuable resource by directing website visitors to job opportunities at their startup portfolio companies.
JumpStart Inc., Northeast Ohio’s venture development organization, has made an investment commitment of $350,000 in Advanced Materials Technology International LLC (AMTI). The Cleveland-based company is developing and commercializing a line of high-tech, energy-curable, nanoparticle materials for ink and coatings applications.
JumpStart Inc., Northeast Ohio’s venture development organization, has announced an investment commitment of $400,000 in Inspiron Logistics, a Summit county based company that provides wireless emergency notification services.
JumpStart Inc., Northeast Ohio’s venture development organization has announced an investment commitment of $350,000 in Aria Analytics, Inc. Aria is a Cleveland-based company commercializing a unique tool that measures the physical and chemical attributes of liquids based on unique profiles created by acoustically probing the sample during evaporation.
The Center for Economic Development (CED) at Cleveland State University’s Maxine Goodman Levin College of Urban Affairs and JumpStart Inc. have released their second annual report summarizing the findings of an entrepreneurship confidence survey conducted from April 18 to June 22, 2007.
JumpStart Inc., Northeast Ohio’s venture development organization announced an investment in reXorce Thermionics Inc., an Akron-based developer of a power generation device that creates energy (electricity, cooling and heating) from a wide range of heat sources.
AcelleRX Therapeutics, Inc., a Cleveland Clinic start up company, that develops regenerative medicine technologies for treatment of cardiovascular disease and other ischemic disorders, today announced the company received its first round of private funding.
IdeaCrossing (www.ideacrossing.org), an online community resource focused on helping entrepreneurs based in Northeast Ohio and beyond find the business assistance and investment capital they need to launch new business ventures, is leaving the beta stage having facilitated the first known connection to result in an investment. DimpleDough, Inc., a registered entrepreneur, received funding this spring from an IdeaCrossing Investor.
JumpStart Inc., Northeast Ohio’s non-profit venture development organization has announced an investment of $350,000 in RSP Tooling, LLC, a Solon-based developer of special tooling machines that use patented “rapid solidification process” technology.
JumpStart Inc., Northeast Ohio’s non-profit venture development organization, announced an investment commitment of $300,000 in Telerad Express, a provider of remote diagnostic image interpretation (teleradiology) services.
JumpStart Inc., Northeast Ohio’s non-profit venture development organization, announced an investment commitment of $300,000 in Great Lakes Pharmaceuticals, Inc., increasing their portfolio to 19 companies.
JumpStart Inc., Northeast Ohio’s non-profit venture development organization, will receive at least $5,360,000 over the next 3 years as a result of the Third Frontier Project’s Entrepreneurial Signature Program (ESP) announced in Columbus yesterday.
JumpStart Inc., Northeast Ohio’s non-profit venture development organization, announced an investment commitment of $300,000 in AnalizaDx, LLC, a Cleveland-based cancer diagnostics company that has developed a proprietary platform technology to improve cancer detection, diagnosis, progression, and prognosis.
The Center for Economic Development (CED) at Cleveland State University’s Maxine Goodman Levin College of Urban Affairs and JumpStart Inc. released a new report that summarizes the findings of a survey conducted from April 26 to June 2, 2006.
JumpStart Inc., Northeast Ohio’s non-profit venture development organization, announced an investment commitment of $400,000 in FLX Micro, Inc., a manufacturer of silicon carbide-based microsensors designed to work in harsh environments.
CardioInsight Technologies, Inc., a new Cleveland bioscience start-up company, will commercialize a unique technology known as electrocardiographic imaging that was developed by Case Western Reserve University, in association with University Hospitals of Cleveland.
JumpStart Inc., Northeast Ohio's non-profit venture development organization, announced an investment commitment of $400,000 in Contained Energy, a direct carbon fuel cell (DCFC) company.
JumpStart Inc., Northeast Ohio's non-profit venture development organization announced an investment commitment of $350,000 in Banyan Technology.
JumpStart Inc., Northeast Ohio's non-profit venture development organization announced an investment commitment of $350,000 in MAR Systems.
JumpStart Inc., Northeast Ohio's non-profit venture development organization announced an investment commitment of $250,000 in Cuyahoga County-based Knowledge Sphere, Inc.
JumpStart Inc., Northeast Ohio's non-profit venture development organization announced an investment commitment of $300,000 in Cuyahoga County-based, Nine Iron Innovations (d/b/a Charitee Golf).
JumpStart Inc., Northeast Ohio's non-profit venture development organization announced an investment commitment of $500,000 today in Akron-based Knotice. Today's announcement reflects the organizations third investment in Summit County.
JumpStart Inc., Northeast Ohio's non-profit venture development organization announced two new members to their team. Roy Phelan as Executive-in-Residence and Kerri Breen joins as Investment Associate.
JumpStart Inc., Northeast Ohio's regional entrepreneurial development and funding organization, announced an investment in Synapse Biomedical, a northeast Ohio based medical device company focused on the development and commercialization of minimally invasive neurostimulation technologies for the diagnosis and treatment of neurodegenerative disease.
JumpStart Inc., Northeast Ohio's venture development organization,announced that Entrepreneur-in-Residence Samuel Gerace will leaveJumpStart to join ChariteeTM as Chairman and Chief Executive Officer.
JumpStart Inc., Northeast Ohio's entrepreneurial development and funding organization, is pleased to announce that Leslie Sabo and Tiffan Clark have joined their team as Chief Development Officer and Marketing Director, respectively.
JumpStart has changed the application process to ensure continued responsiveness to Northeast Ohio entrepreneurs' urgent timing needs, especially as the rate and quality of applications forinvestment remains high.
JumpStart Inc., Northeast Ohio's entrepreneurial development and venture funding organization, announced that eight new board members will be joining JumpStart effective November 3rd, 2005.
JumpStart Inc., Northeast Ohio's entrepreneurial development and funding organization, announced an investment in Delta Plant Technologies, an Akron-based company working to develop a new commercial crop alternative for natural rubber.
JumpStart Inc., Northeast Ohio's entrepreneurial development and funding organization, announced an investment in Heritage Fare, Ltd., a minority owned manufacturer of a new fat replacement product called Nutrigras targeted primarily at the beef, pork and poultry markets.
JumpStart Inc., Northeast Ohio's entrepreneurial development and funding organization, announced an investment in ComSense Technology, Inc., (www.comsensetech.com) a manufacturer of innovative high temperature pressure sensors for harsh environments that enable more precise control of diesel, gasoline, and turbine engines resulting in improved fuel efficiency and reduced emissions.
JumpStart Inc., Northeast Ohio's entrepreneurial development and funding organization, is pleased to announce that Mozelle Jackson has joined their team as an Executive-in-Residence.
JumpStart Inc., Northeast Ohio's entrepreneurial development and funding organization, has committed to investing as much as $1,230,000 into five area companies in its first major round of funding.
U.S. Rep. Steven C. LaTourette (R-Concord) was joined on Friday October 22nd, by David A. Sampson, Assistant Secretary for Economic Development at the U.S. Department of Commerce, to announce several grants in EDA bill, S. 1134.
JumpStart Inc., Northeast Ohio's entrepreneurial development and funding organization, met with U.S. Secretary of the Treasury John W.Snow. Secretary Snow who had heard about JumpStart Inc. on a previous visit to Northeast Ohio had promised to return to find out more about the nonprofit entrepreneurial assistance organization.
JumpStart Inc., Northeast Ohio's entrepreneurial development and funding organization, has announced its second application cycle deadline for regional entrepreneurs to apply for funding. Entrepreneurs interested in applying are encouraged to visit the new JumpStart website at www.jumpstartinc.org.
JumpStart Inc., Northeast Ohio's new entrepreneurial funding and support organization, has completed its strategic operating plan and has concluded the integration of its predecessor organizations, announced JumpStart President & CEO Ray Leach.
JumpStart Inc., Northeast Ohio's entrepreneurial development and funding organization, has set its first formal deadline of July 1, 2004 for regional entrepreneurs to apply for funding.
Four Northeast Ohio organizations have joined forces to create a powerful center to support early-stage entrepreneurs in the region. The new entity, to be called JumpStart Inc., brings together EnterpriseDevelopment, Inc., NEOpreneur Inc., JumpStart Angel Fund LLC (nowrenamed JS I), and NEOpreneur Exchange.
Recognizing the need for increased focus within Northeast Ohio's entrepreneurial community, Case Western Reserve University and NorTech today announced an agreement to create a new organization that will combine the service lines of Case's Enterprise Development, Inc (EDI) and NorTech's NEOpreneur Inc.