Five local OH startup companies raised $275,000 from Innovation Fund at Lorain County Community College
Five local startup companies have raised $275,000 from the Innovation Fund at Lorain County Community College. Two companies received $100,000 non-recourse loans, which only need to be paid back if the companies are successful. The other three received $25,000 grants, according to a news release from the Fund. The loans went to Apollo Medical Devices […]
Case Western student project-turned-tech startup surpasses $1M in funding
An idea that sprang from the minds of Case Western Reserve students frustrated with getting locked out of their dorm rooms is now a prominent name in the emerging technology startup culture in Northeast Ohio. On Aug. 19, Everykey Inc. announced that with the closing of its seed round of funding, the company has raised […]
VentureOhio studying feasibility for statewide $100M fund of funds to invest in outside VC firms
Members of VentureOhio are studying the feasibility of forming a private “fund of funds” of $100 million or more to invest in venture capital groups and thus draw investor attention to Ohio startups. “Having a fund of funds in Ohio will be really important in our ecosystem,” VentureOhio Executive Director Falon Donohue told me. I […]
JumpStart data shows record $338 million invested into young Northeast Ohio technology companies in 2014
The numbers look good — at first. Last year, investors pumped a record $338 million into young technology companies in Northeast Ohio. That total easily eclipses the previous record: Local startups raised $264 million in 2013. Sounds great, right? JumpStart CEO Ray Leach is happy with the overall total, but he’s not 100% enthused when […]
University of Dayton, Wright State Research Institute, and Dayton hospitals funded a startup company to commercialize technology
The major hospitals in Dayton are banding together to fund a company that will help commercialize health care technology. The 28 hospitals of the Greater Dayton Area Hospital Association are partnering with Cincinnati-based design firm Kaleidoscope Inc. to launch a business that will focus on commercializing health care technology from the hospitals, the Air Force […]
Ohio Capital Fund notches 8.7 percent return on investment since 2006 founding
Ohio’s $150 million state-backed fund for venture-capital investments is showing stronger returns and has attracted more than $1 billion investment to the state, but still is performing below expectations. The Ohio Capital Fund LLC has generated an 8.7 percent annualized return from 2006 through the end of last year, fund managers on Thursday told the […]
$35M OSU-OU venture capital fund ready to launch
Three years after its unveiling, the $35 million venture-capital fund being pooled by Ohio State University and Ohio University is taking concrete steps toward launching. The OSU-OU Innovation Fund has selected a managing partner and expects to announce the pick this month, pending final contract negotiations, said Stephen Golding, Ohio University’s vice president for finance […]
IDEA Reaches Gap Funding Milestone: 6 Ventures Receive Non-Equity Grants
Northeastern University’s Venture Accelerator IDEA recently reached a monumental milestone in their mission to coach, fund, and launch ventures: in February, IDEA completed its largest round of Gap Funding that provided six ventures with $10,000 to overcome a specific gap in each of their businesses. The bi-monthly Gap Fund IDEA provides ventures the opportunity to […]
Ohio Third Fronteir supports University of Akron professor develops super-strong, reusable adhesive that could be used in automobile and aerospace industries
A University of Akron professor has developed a super-strong, reusable adhesive that works on numerous surfaces. A company he co-founded has been awarded a $736,000 National Science Foundation grant to prepare the adhesive, spun from polymer fibers, for commercial use. The product, developed by Josh Wong, a professor of mechanical engineering, was inspired by the ability […]
New Ohio venture fund could help fill a local investment gap – Cleveland Business News – Northeast Ohio and Cleveland – Crain’s Cleveland Business
The “angels” in charge of Northeast Ohio’s newest venture capital fund have been flying below the radar. But they have been busy. Some investors involved with North Coast Angel Fund have formed their own venture capital firm: North Coast Venture Fund. Over the past year, they’ve raised $5 million and invested in seven technology companies, […]