The Female Founder's Guide To Raising Capital

Connect with @jumpstartinc

Sponsored by:

KEY:

TECHNOLOGY COMPANIES ONLY

NORTHEAST OHIO <$100,000 FUNDERS

ALL BUSINESSES

HIGH GROWTH POTENTIAL

FUNDING AND RESOURCES TARGETED TO WOMEN

TYPE OF INVESTMENT

INVESTMENT SIZE

NEXT APPLICATION DEADLINE

Fixed Loan (Prime Rate +4%)

$1,000-$35,000

Rolling Application

Loan

Up to $25,000

8/31/2016

Awards

Up to $25,000

Rolling Application

Equity

Up to $25,000

Cleveland/Akron & Columbus 10/17/16

Equity

Up to $25,000

Rolling Application

TYPE OF INVESTMENT

INVESTMENT SIZE

NEXT APPLICATION DEADLINE

Loan

Up to $100,000

Rolling Application

Preferred Equity Investments

$250,000$500,000

Rolling Application

Appleseed Microfinance Provides loans to small businesses (less than $1 million in revenue) in the 21 counties of NEO. Loans can be used for equipment, inventory, business debt restructuring, working capital and short-term projects. Startups and existing businesses, as well as home-based companies, are encouraged to apply.

Website: www.braintreepartners.org/capital/appleseed-microfinance

Bad Girl Ventures Bad Girl Ventures is an accelerator/venture fund that seeks to invest in women-led companies. BGV pairs an eight week accelerator-style class with an investor pitch competition where participants are eligible to earn up to $25,000 in a loan payment.

Bad Girl Ventures reserves the right to invest $25,000 in one company or award several loans totaling $25,000. The cost of the class is $500.

Website: www.badgirlventures.com/locations/cleveland/

Innovation Fund - A Requirements: Company's idea is formed, but the concept needs to be proven and the prototype needs to be developed and tested. A formal business structure is in place (LLC, C-Corp, S-Corp). Need to provide an internship for a student at Lorain Community College or a partner university to receive funding.

Website: www.innovationfundamerica.org/northeast-ohio/

Pipeline Angels Pipeline Angels invests in companies that are founded or cofounded by women through their pitch summit process. Summits are held all over the United States.

Pipeline Angels also makes equity investments into women-led, owned or controlled companies with a particular focus in social impact organizations.

Website: www.pipelineangels.com

X Squared Angels Companies must have at least one woman in a C-level position for an investment from X Squared Angels. The organization invests primarily in early stage IT, software, biosceince, advanced materials and medical devices.

Website: www.rev1ventures.com/investments/x-squared-angels/

NORTHEAST OHIO $100,000+ FUNDERS Innovation Fund - B Requirements: Company has a developed technology and an existing prototype. A formal business structure is in place (LLC, C-Corp, S-Corp). An experienced CEO and/or business team is in place. The entrepreneur needs to secure dollar-for-dollar match.

Need to provide an internship for a student at Lorain Community College or a partner .

Website: www.innovationfundamerica.org/northeast-ohio/

JumpStart Evergreen Fund A $10M nonprofit pre-seed/seed capital fund focused on high-potential technology startups located in Northeast Ohio which makes investments of $250,000 to $500,000.

Website: www.jumpstartinc.org/apply/

NORTHEAST OHIO $100,000+ FUNDERS

TYPE OF INVESTMENT

INVESTMENT SIZE

NEXT APPLICATION DEADLINE

Preferred Equity Investments

$250,000$600,000

Rolling Application

Preferred Equity Investments

$1M-5 Million

Rolling Application

Preferred Equity Investments

$250,000

Rolling Application

Loan

$700-$350,000

Rolling Application

TYPE OF SERVICES

COST

REQUIREMENTS

JumpStart Focus Fund The JumpStart Focus Fund invests in tech companies that are led by women or minorities. Potential companies must either be based in Ohio or willing to move their operations to Ohio post investment.

Website: www.jumpstartinc.org/apply/

Mutual Capital Partners Mutual Capital Partners make investments in high-growth companies that are able to generate $1 million or more of run-rate revenue, achieve gross margins of 50% or higher and require equity capital of less than $10 Million within 12 months of funding.

Website: www.mutualcapitalpartners.com

North Coast Angel Fund Targeting early-stage ventures in information technology, life sciences, advanced materials and electronics and controls. Company must be based in (or plan to be) in Ohio and a NCAF member must serve on the board. The fund often partners with other angel funds/VCs to raise $1 million or more. $200,000 is held in reserve for possible follow-on funding.

Website: www.northcoastangelfund.com

Womenâ&#x20AC;&#x2122;s Business Center at ECDI The Women's Business Center at ECDI offers loans as small as $700 and up to $350,000 through their association with ECDI - Cleveland. Applicant companies must be for-profit businesses that can demonstrate an ability to repay the loan.

Website: www.wbcohio.org

RESOURCES Akron Global Business Accelerator/ The Bit Factory The Akron Accelerator provides high-quality business consultation services and affordable rental spaces to technology-based startup companies. The Akron Accelerator provides a range of services including business advising, in-house collaboration and startup events, legal assistance and investment for The Bit Factory client companies. Additionally, the Akron Accelerator leverages a larger network of service providers to offer specific and targeted services.

Website: www.akronaccelerator.com

Business Consultation, Events & Legal Assistance

None

TechnologyBased Startup Companies

Burning River Coffee Community The Burning River Coffee Community is a monthly group meeting to discuss the difficulties facing women entrepreneurs as well as broader discussions and business advice in general. The monthly meetings alternate between the Embrace Pet Insurance offices and Panera Bread in Independence.

Website: www.facebook.com/BurningRiverCoffeeCommuinty/

Fifth Third Bank Fifth Third Bancorp is a diversified financial services company headquartered in Cincinnati, Ohio. Fifth Third has 80 Banking Centers in Northeastern Ohio. Fifth Third is among the largest money managers in the Midwest and, as of June 30, 2016, had $305 billion in assets under care, of which it managed $26 billion for individuals, corporations and not-for-profit organizations. Member FDIC, Equal Housing Lender.

Website: www.53.com

Monthly Meetings and Discussions

Commercial Banking, Branch Banking, Consumer Lending, Wealth and Asset Management

None

None

Varied

Varied

$100-$1,000 per Year

Small Business

Hispanic Business Center The Hispanic Business Center (run by the Hispanic Chamber of Commerce) provides a broad range of services for members of the Cleveland Hispanic community. From informational and educational events, to business classes, the HBC has a variety of ways that they can help your business grow.

Website: www.hbcenter.org/

Seminars, Networking, Advising, Business Courses

RESOURCES

COST

REQUIREMENTS

Advising

None

Located in NEO

Events, Networking, Advising

$50 Regular Membership, $20 for Students

Hispanic Women

TYPE OF SERVICES

JumpStart Advising Services JumpStart provides advice and critical experience in areas such as sales, marketing, venture capital fundraising, board formation/management and human resources to entrepreneurs in Northeast Ohio. We work with entrepreneurs to help grow their ideas and businesses.

Webiste: www.jumpstartinc.org/apply/

LATINA Inc. LATINA Inc. seeks to grow the number of Hispanic/Latina women in the workforce by creating a large information network connecting individuals in the business world in Northeast Ohio. The organization sponsors a number of different events in the area that are both informational and focused on networking.

Website: www.facebook.com/LATINAinc/

LaunchNET LaunchNET consists of four NEOLaunchNET sites in Northeast Ohio (powered by the Burton D. Morgan Foundation) that promote entrepreneurial thinking and venture creation on collegiate campuses

LaunchNET at Baldwin Wallace University

Advisors, Events, 3D Printing

None

Student/Faculty/ Alumni of Each School

Website: www.bwlaunchnet.org

LaunchNET gives Baldwin Wallace students and alumni the skills, knowledge and guidance they need to start and grow companies. The services are free, confidential and available to all classes and majors. Students can join LaunchNET's regional network of collegiate entrepreneurs and START SOMETHING BW!

LaunchNET at Kent State University

Website: www.kent.edu/launchnet/

LaunchNET Kent State runs a number of programs specific to female entrepreneurs, including All the CEO Ladies, an ongoing, bi-monthly program in partnership with the Kent State Women’s Center; the annual Girl Power Pitch competition (local and regional); and hosts the EXPLORE series of workshops with Bad Girl Ventures Cleveland and Maker Girl workshops aimed at encouraging STEM exploration for girls.

LaunchNET at Lorain County Community College

Website: www.lccclaunch.com

LaunchNET at LCCC provides services to entrepreneurs and startups affiliated with LCCC to help get their businesses off the ground. These services include frequent events, advising and connections with other area partners who are able to expand upon the initial guidance provided by LaunchNET at LCCC.

LaunchNET at Case Western Reserve University

Website: www.students.case.edu/career/entre/launchnet/

The CWRU LaunchNet serves Case Western Reserve University, the Cleveland Institute of Art and the Cleveland Institute of Music. CWRU LaunchNet helps entrepreneurs navigate through intellectual property protection, business plan creation, enterprise organization, market definition, technological infrastructure, materials research, fundraising, pitch competitions and more.

National Association of Women Business Owners The Cleveland chapter of the National Association of Women Business Owners is part of a national organization that seeks to give opportunities to women entrepreneurs through networking opportunities, speaker series, workshops and their national network that also lobbies on a national level to improve the entrepreneurial climate for women.

Website: www.nawbocleveland.org

Women’s Business Center - Cleveland The WBC of Cleveland provides a number of services to entrepreneurs in Northeast Ohio. In addition to access to a furnished workspace open during normal business hours, the WBC provides workshops and classes, counseling services and other business assistance.

Website: www.wbcohio.org

Networking Opportunities, Workshops, Speaker Series, National Network

Workspace, Classes, Networking, Counseling

$20-$40/Month & $100 Initiation Fee

$45

Must be a Sole Proprietor of an LLC or Corp

None

Women Presidents' Organization The Women Presidents’ Organization (WPO) is an international organization serving second-stage, women-led, multimillion-dollar companies. The WPO helps women from diverse, noncompetitive industries take their companies to the next level through monthly peer to peer roundtable discussions which focus on members learning by sharing experiences.

Website: www.womenpresidentsorg.com

RoundtableChapter Meetings with Other Women Business Leaders; Advisors

$900-$5,000

Women who own Interest in a Business with Multi-Million Dollar Annual Sales