JumpStart Evergreen Fund

Through our nonprofit Evergreen Fund, we invest seed capital in the highest potential companies in the 21 counties of Northeast Ohio. Our investments start at $250,000 and, upon receiving an investment, entrepreneurs are paired with an experienced Venture Partner.

Companies that qualify for an investment from us must be high potential and innovation-oriented. Because of this, they typically need to raise substantial capital, beyond our investment, to grow.

Here are the characteristics we and other investors look for in companies and their leaders:

  • Unique/breakthrough idea with barrier to entry (proprietary, patentable technology or, if service business, “secret sauce”)
  • Large ($1B) addressable market. (JumpStart reserves the right to consider and invest in companies where the addressable market is less than $1B, provided that the company is well-positioned to achieve a “quick exit” within 4-5 years of an initial investment.)
  • Entrepreneurs who are flexible, demonstrate excellence in all that they do, have skin in the game and have high growth ambitions. Marketing and sales skills in launching new technologies into new markets are particularly valued.
  • Exit potential. Entrepreneurs must demonstrate how they plan to position the company to be acquired or, possibly, achieve an initial public offering.

Watch The Overview Video Below To Learn More About JumpStart’s Evergreen Fund


We strive for a balanced portfolio. Because of this, we’re committed to investing in companies led by women and minority entrepreneurs, companies in varying stages of growth (though most are in the imagining or incubating stages and all must have less than $5 million in revenue), companies working in multiple industries and companies located across the 21 counties of Northeast Ohio.

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The Health-Tech Corridor Attraction Fund is a special carve-out of JumpStart’s $10 million Evergreen Fund, focusing specifically on companies that relocate to Cleveland’s burgeoning Health-Tech Corridor (HTC). The fund is supported by the City of Cleveland, the Cleveland Foundation and the Ohio Third Frontier.

Benefits of the HTC include:

  • Quick, easy access to four world-class research and clinical institutions
  • Close proximity to four colleges and universities, all of which actively seek partnerships with small businesses,
  • A wealth of affordable and flexible office and lab space
  • A rapidly growing entrepreneurial community in the surrounding vicinity

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