May 23, 2013
10:00 am - 11:00 am
Caffeinated Ideas is growing and expanding. Please join us at the Braintree Business Development Center as we provide an atmosphere and forum where entrepreneurs can test out ideas in front of a group of helpful professionals across an array of industries. These resource people will help refine the entrepreneur's idea and shape the business model in a way that saves the entrepreneur vital time and money in the normal trial and error learning process.
We will continue to entertain and explore your ideas no matter what stage the concept is in. Bring your ideas and let us help you explore how to bring your to market. Our goal is to develop more of your ideas into marketable products. Our goal is to be informal and flexible. Our
desire is to help grow the business community locally and organically through group interaction and collaboration and of course drink coffee...
We will meet at Braintree
201 E 5th Street, Mansfield, OH
|Hyperlocal funds help boost Ohio entrepreneurship|
Hyperlocal funds help boost Ohio entrepreneurship
Article by Lee Chilcote from HiVelocity to view entire article use this link.
To spur economic development and create jobs in their communities, several Ohio cities have created new, hyperlocal funds that offer attractive financing to entrepreneurs that may have the next great business idea, yet lack the actual cash to implement it. The catch? They must be willing to put down roots and grow their businesses locally.
One example of a growing Ohio business that recently took advantage of such hometown love is ManuscriptTracker, a Wooster-based firm that sells web-based software that automates the peer review process for academic journals. Co-founder Brian Boyer says a $35,000 deferred-payment loan from the Wooster Opportunities Loan Fund made it possible for him to bring his product to market last year.
"We saw lots of potential to grow our business, but funding is very hard to come by for start-up software companies," says Boyer, a Wooster native. "Thanks to receiving funding last year, we were able to develop a market version of our software, as well as sales resources such as a database, marketing collateral and potential client list."
ManuscriptTracker's software organizes and automates peer review tracking for busy academics that don't have the time or resources to manage the process themselves. The stringent nature of the peer review process, particularly with scientific journals, often necessitates involving as many as 20 individuals in a single review.
"To be published in an academic journal, your work must be vetted by the research of your peers, but that means asking top researchers to set aside their time," explains Boyer. "We simplify and organize the process and provide helpful reporting forms. We also help academics to track who in their network is quick and knowledgeable."
With the assistance of the economic development nonprofit Jumpstart, similar hyperlocal funds have also been created in Barberton, Canton and Mansfield.
As the New Year kicked off, ManuscriptTracker had already secured one new client, and Boyer says he's hopeful that the new software will attract additional clients soon.
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