- JumpStart Entrepreneurial Network - Meet the Network: A Festive Holiday Mixer
December 12, 2013 (4:30 pm - 7:00 pm)
- Entrepreneur 2 Employer Session 3
January 29, 2014 (7:30 am - 8:30 am)
'JumpStart Entrepreneurial Network - Meet The Network: A Festive Holiday Mixer'
Talk about your plans for the new year (or your next business venture) at this festive seasonal mixer with representatives from Northeast Ohio’s incubators, accelerators, seed funds and educational programs. Whether you’re an entrepreneur looking to make a few more connections or you are thinking about launching a startup, join us at JumpStart, where you’ll be warmed by networking, conversation and insights from Cleveland Whiskey entrepreneur Tom Lix. Free food and drink are provided, including some sweet samples from Fears' Confections.. A program of the JumpStart Entrepreneurial Network with a special thanks to our sponsor Goldman Sachs.
December 12, 2013 - 4:30 pm
JumpStart, 6701 Carnegie Ave., Cleveland, 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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