JumpStart Press Releases
The JumpStart Press Release Page includes all of our official releases. Click on a headline to read current and archived official news from JumpStart.
Media inquiries should be directed to Vice President of Marketing, Tiffan Clark via email at Tiffan.Clark@JumpStartInc.org or phone 216.363.3400.
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.
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.
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.