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State Awards Grants to Aid Young Tech Companies

Tuesday, July 29, 2008

Excerpt of story provided by Crain's Cleveland Business
Written by Chuck Soder

A fund that aims at helping minority-owned businesses find investments was one of three Northeast Ohio organizations awarded a total of $4 million in state grants to get technology-based businesses off the ground...

...Other grant recipients included venture development organization JumpStart Inc., which is to receive two grants totaling $3 million, and the Lorain County Community College Foundation, which was awarded $500,000...

One of JumpStart’s grants, for $2 million, will go into the fund it uses to invest in early-stage technology companies. The other grant, for $1 million, will help pay for its entrepreneurial assistance efforts...

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