Accelerators, incubators and venture development organizations like JumpStart have traditionally focused attention on a specific kind of business — high-tech, venture capital-backed startup. At JumpStart, we’ve spent more than a decade helping these kinds of ventures (and the entrepreneurs behind them). Along with our partners, we’ve helped more than 1,000 companies raise $1.7 billion in
Economic developers have long used tax incentives to attract companies to their communities. By some estimates, 95% of U.S. municipalities use these incentives in one form or another, spending upwards of $50-80 billion annually. At that same time, mounting evidence seems to be showing these tax incentives produce only marginal results, leading to a growing
We all know the proverb. Give a man a fish and you feed him for a day; teach a man to fish and you feed him for a lifetime. The underlying message is clear, it’s better to teach someone to do something than to do if for them. At JumpStart, we’ve found this proverb can
This post originally appeared on The Huffington Post on December 3, 2015. Ask any expert what made Silicon Valley possible and it won’t be long until they bring up Stanford University. Combined with the rest of the local research community – much of it military-based – Stanford’s outpouring of innovative ideas helped ignite one of
Let me ask you a question. Would a wise money manager invest in a company they knew nothing about? The answer, of course is no. A wise money manager would investigate the company, scrutinize the financials, probe management, explore the industry and delve into key trends. Anything less would risk giving away the client’s money.
Customer relationship management (CRM) software is often thought of as a tool for salespeople; but a well-customized CRM system is also critical to the success of most modern nonprofits. While these organizations may not have “customers” in the traditional for-profit sense, they do have plenty of “clients” or “constituents” whose interactions they need to manage.
For me it was 100 pounds of popcorn. Not actual popcorn, mind you, but a book I read in the second grade called “100 Pounds of Popcorn,” written by Hazel Krantz. Reading it again now, it’s a pretty standard Beverly Cleary style children’s story featuring a whole host of wholesome 50’s characters (think “Leave it
Last night the leading candidates for the GOP shared their vision and ideas for the nation in JumpStart’s home city of Cleveland. Two days earlier, I was fortunate to be invited to 1600 Pennsylvania Ave, where President Barack Obama held the first ever White House Demo Day, an event focused on promoting greater diversity and
It’s a great time to be working in Northeast Ohio. There is a palpable feeling among those in the know that our entrepreneurial ecosystem is on the right track. Our homegrown ventures are routinely making national news for their exciting deals and venture capitalists are now making comparisons between Ohio in 2014 and Silicon Valley in 1975.
The Youngstown Business Incubator (YBI) has been named the number one University-linked incubator in the world by the University Business Incubator Index (UBI). This ranking represents a big win for our state in a competitive category populated by incubators from Stanford, Cornell and UC Berkeley, to name a few. YBI is affiliated with
As CEO of JumpStart Inc., a non-profit organization founded to address the lack of entrepreneurial growth in Northeast Ohio, I am sometimes called upon to address the 30-year trend of shrinking entrepreneurship in the U.S. These numbers are frustrating to many because, from a technological perspective, it should be easier than ever to start a