Northeast Ohio gets a hefty share of Ohio Third Frontier Commission awards
Case Western Reserve University, Cleveland Clinic, JumpStart Inc. and several other organizations and small companies in Northeast Ohio are among the recipients of a total of nearly $73 million from the Ohio Third Frontier Commission. The commission late Wednesday, March 10, announced it had approved $72.7 million in funding “that will provide capital to innovative
Ohio Providing Early-Stage Capital
Third Frontier Growing Technology Startups & Talent Today, the Ohio Third Frontier Commission approved $72.7 million in funding that will provide capital to innovative startup companies, advance medical technology, and foster young talent through a new High School Tech Internship Pilot Program. “We are investing in technology that will attract private capital from across the
How An Entrepreneur Raised $3.8 Million For AI Vending Machine PopCom
Dawn Dickson-Akpoghene’s “high IQ” kiosks use AI, biometrics and computer vision to enable retailers to retain customers through data stored on the blockchain. With $3.8 million in funding, Popcom’s $20,000 unit is in Polaris Fashion Place in Ohio. Click the image above to watch the video, courtesy of Forbes.
SoLo Funds Banks $10M Series A For Peer-to-Peer Lending
SoLo Funds is building an alternative to predatory lending through a new type of peer-to-peer lending in which strangers fund strangers asking for short-term personal loans for immediate needs. “Even before the pandemic, 70 percent of Americans were living paycheck to paycheck, and many didn’t have $400 in their savings account,” Travis Holoway, co-founder and
Time2Talk app looks to make learning a language more accessible
Speaking and understanding a new language can be difficult and frustrating. Time2Talk helps tackle that problem by connecting users with native speakers in their home countries. The app, which was launched with Spanish coaches, allows people to practice the language at any time and pay a per-minute fee. “When you are in the process of
Entrepreneur sees a business angle for software startup Emvitals in pandemic
Certainly she couldn’t have anticipated it, but entrepreneur Jennifer Hunter sees a role for her nearly 2-year-old business, Emvitals Inc., in easing the emotional stresses aggravated by the COVID-19 pandemic — maybe even helping people cope with the recent clash at the U.S. Capitol. Hunter, a mental health therapist by training, is building a software
Urban League of Greater Cleveland unveils UBIZ Loan Fund for minority-owned small businesses
The Urban League of Greater Cleveland is unveiling a program to provide capital exclusively to minority-owned small business in the Cleveland area — and it’s looking for some additional donors interested in furthering racial equity in Northeast Ohio. The latest initiative, dubbed the UBIZ Loan Fund, will be launched officially through a virtual event at
‘Now the fun begins’ for BoxCast, which is growing quickly and is coming off $20M Series A round
Prior to the pandemic, BoxCast, in the words of board member Mike Marchetti, “was on a great sales trajectory.” The Cleveland company’s revenue and customer base were increasing, and a 2019 acquisition strengthened a core component of its business. But COVID-19, with large in-person events put on hold and more people staying home, sped everything
Movers & Shakers: Teleangé Thomas on innovating in Cleveland, promoting inclusion and carving her own path
All over Ohio, entrepreneurs are on the cutting edge of their fields. And across the state, very few organizations are as close to their entrepreneurial community as Cleveland’s JumpStart. For the entrepreneur-focused group, the next step in connecting with their community comes in the form of Teleangé Thomas, an exciting new addition to the JumpStart
Neuros Medical closes $38.5 million funding round
Neuros Medical Inc., a medical device company in Willoughby Hills that’s developing high-frequency nerve block technology for patients with intractable post-amputation pain, said it has closed a financing round totaling $38.5 million. In a news release issued Thursday, Jan. 7, Neuros said the Series BB financing was co-led by new investors Amzak Health and Sectoral
BoxCast raises $20 million in Series A funding, could double employee count within a year
BoxCast is shaping up to be another Cleveland success story. In many respects, it already is. The Cleveland company, which delivers high-definition streaming services, has raised $20 million in Series A funding. The fundraising round follows a 2019 acquisition of Sunday Streams, a Florida company with a clientele that allowed BoxCast to strengthen its position
Teleangé Thomas Tapped to Lead JumpStart’s Advancement and Public Partnership Efforts
JumpStart Inc. has hired Teleangé Thomas to fill its newly created Chief Advancement and Relationships Officer role. Thomas will be responsible for leading the organization’s strategic fundraising initiatives, strengthening partnerships and spearheading JumpStart’s involvement in civic initiatives including the Cleveland Innovation Project, the MidTown Innovation District and other initiatives JumpStart anticipates pursuing in the coming