JumpStart, which has offices in Cleveland and Toledo, led the proposal to the state’s “Entrepreneurial Services Program,” program, part of Third Frontier. The state awards money to organizations with a proven track record of boosting technology-based start-ups, whether through money, office space or other services.JumpStart in Cleveland received $26.5 million, and the organization in Toledo received $5.65 million. The $32.15 million will go to 14 different organizations across northern Ohio.“We’ve been focused for nearly two years on strengthening our collaborations with our partners in Northwest Ohio including our physical office in Toledo for almost a year now,” JumpStart CEO Ray Leach said in an emailed statement.“All of these developments and progress better positions us to serve entrepreneurs across northern Ohio.”The public funds must be matched with private investment before it can be “unlocked.” It will be distributed over three years, and JumpStart will serve as a “network manager,” consolidating the state reporting efforts and administrative work.
Who’s getting the money?In Northeast Ohio:BioEnterprise--Bounce--Braintree--Great Lakes Innovation and Development Enterprise--Manufacturing Advocacy and Growth Network--Northeast Ohio Medical University--Ohio Aerospace Institute--Tech Belt Energy Innovation Center--The University of Akron Research Foundation--Youngstown Business Incubator. In Northwest Ohio:Mercy Health--ProMedica--The University of Toledo
Source: JumpStart will coordinate $32 million in state funds across Northern Ohio: Braintree is a part of it. Here’s who else received money URL: https://www.cleveland.com/news/2019/11/jumpstart-will-coordinate-32-million-in-state-funding-across-northern-ohio-heres-who-received-money.html