JumpStart Inc.

JumpStart Inc. is a nonprofit venture development organization based in Cleveland, Ohio. The company is dedicated to fostering economic vitality by connecting entrepreneurs to the opportunities and resources they need to succeed. Established in 2004, JumpStart has transformed diverse and ambitious entrepreneurs into scalable enterprises that drive regional economic growth.

Services and Programs

JumpStart offers a comprehensive suite of services tailored to meet the unique needs of both tech startups and small businesses.

• Tech Startup Services: These include specialized programs such as the Software Accelerator and HealthTech Accelerator, designed to support startups in software innovation and healthcare sectors, respectively.
• They provide venture capital opportunities, offering early-stage funding from seed through Series A for visionary tech founders.
• Operational support services cover six core functions, complemented by networking and educational events to enhance growth prospects.
• Small Business Resources: The Impact Program is an intensive 12-week educational initiative offering focused business advising, education on essential business topics, and key tools to help owners pursue growth.
• This program is available in Cleveland and Stark County, Ohio.

Venture Capital Investment

Through its division, JumpStart Ventures, the organization manages over $140 million across four funds—Evergreen, NEXT, Focus, and the Healthcare Collaboration Fund. These funds provide pre-seed, seed, and Series A funding to early-stage technology startups throughout Ohio.

The focus is primarily on business-to-business software (SaaS) and healthcare and life science technologies. Since 2005, JumpStart has invested $70 million into more than 145 technology startups across Ohio, with 82% located in Greater Cleveland.

Community Impact

JumpStart's efforts have contributed significantly to the regional economy. In 2019, companies served by JumpStart and its partners supported an estimated $1.3 billion of economic output, $713 million of labor income, and 7,174 households.

The organization responded proactively during the COVID-19 pandemic by launching a resource and assistance guide and committing more than $3 million in emergency funding to clients and community stabilization funds.

Headquarters and Location

In November 2024, JumpStart relocated its headquarters to the Midtown Collaboration Center in Cleveland's historic Hough neighborhood. This strategic move places JumpStart near world-class institutions, business incubators, and community organizations, fostering enhanced collaboration and innovation.

Locations

• Cleveland, OH, USA

Through its comprehensive support services, strategic investments, and community-focused initiatives, JumpStart Inc. continues to play a pivotal role in driving inclusive economic growth and empowering entrepreneurs across Ohio.