Diversity As A Competitive Advantage
Creating inclusive economic ecosystems is not about charity.
Diverse teams routinely outperform those dominated by one race or gender and industries ruled by sameness will never be as innovative as they should be. Despite these facts, there remains a critical gap in funding and support for high potential, women- and minority-led businesses.
At JumpStart, more than 30% of the companies we advise or invest in are owned or led by women and minorities. In addition, we are constantly looking for new ways to engage with disconnected populations who have not traditionally reaped the benefits of entrepreneurship.
We encourage minority and women entrepreneurs to think differently about entrepreneurship and consider starting high growth ventures or growing their existing small business.
We strive to increase the number of women- and minority-owned businesses seeking venture or angel capital investment and we help them prepare to solicit these investments.
We help connect minority talent, investors, researchers and other historically underrepresented groups to the larger entrepreneurial ecosystem.
inclusion at JumpStart
We Take Diversity Seriously
34% of our investments have gone to firms owned or led by women and minorities. 47% of our board members are minority or female and our staff is 59% female and 22% minority.
We promote, host and produce educational or networking events and communications specifically targeted to diverse entrepreneurial audiences. JumpStart also works closely with the regional chapters of the National Black MBA Association, National Society of Hispanic MBAs, Esperanza, Inc and Society of Hispanic Professional Engineers, and we are connected to national organizations such as the National Society of Black Engineers, the Association of Black Engineers Scientists and Technicians, Urban Financial Services Association, the Minority Business Development Agency (MBDA), The Initiative For A Competitive Inner City (ICIC), the United Negro College Fund and Historically Black Colleges and Universities.
We provide hands-on strategic planning to enable high-potential minority, women and core city entrepreneurs to articulate their high growth plans, access investment funds and move their businesses through key growth milestones.
By sharing stories of resilience and success, we inspire prospective and current diverse entrepreneurs to pursue their dreams of empowering their communities through business growth. Diverse entrepreneurs share their experiences and learnings through our e-zines, local and national media outlets, educational workshops, podcasts and recognition events.
We introduce diverse entrepreneurs to a national network of capital sources, including the recently launched Focus Fund, a $10 million fund that invests seed capital in tech-based companies led by minority and/or female entrepreneurs throughout Ohio.
Our relationships with regional and national certifying organizations and chief procurement officers of some of the nation’s largest corporations, help our thoroughly vetted client companies identify, approach and secure their first major client.