Intensive Assistance And Support For Diverse Entrepreneurs

iNTENSIVE aSSISTANCE aND sUPPORT FOR dIVERSE eNTREPRENEURS

JumpStart guides minority, women and inner city-based entrepreneurs seeking to build larger-scale, high-impact firms.

jumpstartinc.org • 216.363.3400 follow us: @jumpstartinc

A Focus on inclusivity Overview

“A f rica n- American- owned bu si nesses drove job cre atio n over the 5-year period of 2002 and 2007, with em ploy ment g rowing 2 2 % , e xceed ing that of non-m inorit y- owned bu si nesses .”

— U.S. Census Bureau’s 2007 Survey of Business Owners, released in 2011

At JumpStart, economic inclusion is at the core of how we do business. It’s a genuine commitment that allows us to help realize a rich diversity of entrepreneurial talent and promise.

Creating more scalable firms holds great promise for creating economic impact and alleviating inner city economic challenges because, statistically, high growth minority firms employ minority workers at more than twice the rate of non-minority firms. Still, there is a critical gap in funding and support for high potential, women- and minority-led businesses. To address this requires: • Encouraging minority and women entrepreneurs to think differently about entrepreneurship and consider starting high growth firms.

• Increasing the number of high growth women- and minority-owned businesses seeking venture or angel capital investment and helping them prepare to pitch for and receive that investment.

• Increasing the amount of risk capital invested in women- and minority led companies.

1997

I N 1 9 9 7, J U ST U N DE R 1 M I L L I O N ( 9 2 9, 4 4 5 ) WO M E N - OWN E D F I R M S

• Connecting minority talent, investors, researchers and other historically underrepresented communities to the entrepreneurial ecosystem.

IN 2007, MO RE THAN O NE -FIF TH OF THE NATION'S 27.1 M ILLION FIRMS WERE MINORIT Y- OWNED.

WE RE OWN E D BY WO M E N O F C O LO R (1 7 % )

2013

I N 2 0 1 3 , 2 . 7 M I L L I O N WO M E N - OWN E D

M INORIT Y ENTREPRENEURSHIP I N C R E A S E D 6 5 % B E T W E E N 1996 &

F I R M S WE RE OWN E D BY WO M E N O F

2012, with minorities now accounting for 38% of new entrepreneurs.

C O LO R ( 3 1 % )

To engage with and advance the needs of diverse entrepreneurs, JumpStart’s five-prong approach includes: Outreach: We promote, host and produce educational or networking events

Program Fast Facts

and communications specifically targeted to diverse entrepreneurial audiences.

JumpStart also works closely with the regional chapters of the National Black MBA Association and National Society of Hispanic MBAs, and we are connected to national organizations such as the National Society of Black Engineers, the Society of Hispanic Professional Engineers and the American Association of Blacks in Energy.

Intensively assisted

149

companies

Storytelling: We share stories of diverse entrepreneurs who are working to grow bigger businesses, such as the members of the Charter One Launch100 Leadership Circle. Established in 2012, the Circle recognizes diverse entrepreneurs committed to turning their business ideas into some of the region’s most impactful companies.

Intensive Hands-on Assistance: We provide hands-on strategic planning to enable high potential minority, women and inner city entrepreneurs to articulate high growth plans, access investment funds and move their businesses through key growth milestones.

Access to Capital & Connections to First Clients: We introduce diverse entrepreneurs to a national network of capital sources. And, in partnership with the

$137 M

Clients Raised in follow-on funding

$37 M in revenue collectively generated by clients

Northern Ohio Minority Supplier Development Council, the First Client Pilot Initiative helps thoroughly vetted client companies identify, approach and secure their first major client upon completing a structured pilot or beta test with a major corporation.

Embedded Inclusion: We are committed to embedding inclusion across our organization. This means hiring talented women and minorities, as well as seeking out diverse board leadership, subject matter experts and service providers. By increasing broader participation in the economic development and venture capital worlds, we are generating awareness, connections and opportunity for these traditionally disconnected audiences.

E• GAG EN

TE • EMPOWER EDUCA •

The Charter One Launch100 Leadership Circle recognizes Northeast Ohio entrepreneurs committed ELE VAT E

LAUNCH100 LEADERSHIP CIRCLE

HONOREE BRO

UG H T

T O YO U B Y J U

AR T MP ST

to turning their business ideas into some of the region’s most impactful minority-owned or –led companies. The high potential startups in the Leadership Circle include: • Algae Producers of America, Inc.

• QueenAnn Inc.

• Amplified Wind Solutions

• Rapid Charge Technologies

• Body Phyx

• RKN Corporation

• CFRC Water & Energy Solutions

• Renter’s BOOM

• Design Flux Technologies

• SafeCare

• King J Transportation

• Simply Southern Sides

• MET Innovations

• Wahconah Group

• On Demand Interpretation Services

• Wellness Integrated Network

• Optima Lender Services

• Zuga Medical

• OrthoData

Cleantech

Healthcare

Amplified Wind Solutions’ award-winning system produces electricity for telecommunications applications by capturing and magnifying wind power.

Body Phyx is developing a revolutionary, automated medical device, The Nerve Mobilizer, to treat and reduce musculoskeletal pain. bodyphyxinternational.com

Avotronics Powertrain Inc. is creating an affordable fuelsaving technology that can be installed on almost any vehicle. avotronics.com

Intellirod Spine is a medical device company developing a breakthrough implantable spine fusion sensor. intellirodspine.com

CFRC Water and Energy Solutions’ products reduce water and energy consumed by showers. cfrcsolutions.com

RKN is developing a patientcontrolled hand sanitation dispenser to minimize patient contribution to hospital-acquired infections (HAIs).

Design Flux Technologies has a combined hardware and software turnkey solution for industries, businesses and consumers designfluxtech.com

SafeCare provides continuous background checks on longtermcare and hospital workers to protect residents and patients. safecarenow.com

MET Innovations develops processes that convert nonhazardous hydrocarbon industry byproducts into industrial raw materials. Its spinoffs include MCAT Services [mcatservicesllc.com] and MAR Systems [marsystemsinc.com].

Rapid Charge Technologies is commercializing a proprietary rapid battery charging technology, holding an exclusive license for two patents for battery rapid charging and reconditioning techniques.

WIN has developed a mobile web-based application that enables users to track their dietary intake and recommends meals and physical activities. wellnessintegratednetwork.com Zuga Medical creates products that use familiar, safe and efficient procedures to enable general dentists to provide patients with clinically preferred implants over less preferred bridges. zugamedical.com

Business & Consumer Products & Services Algae Producers of America has

established exclusive distribution and license agreements to issue natural products derived from algae. algaeproducersinc.com King J Transportation increases the efficiency and probability of its primary market, independent motor carriers and fleet owners, by providing a variety of freight services.

M.O.M. Tools, LLC produces punch tool products with a patented design that significantly reduces the cost of stamping metal and plastic components and increases available production time. mom-tools.com Optima provides third-party vendor management services related to residential and commercial loan portfolios. optimalenderservices.com

QueenAnn Inc. has created a patented food preparation process that produces ‘convenient, all-natural, cost-effective’ Bubba’s Q De-Boned Baby Back Rib Steaks.

A subsidiary of Urban Food Concepts, LLC, Simply Southern Sides provides quick and convenient Southern-style comfort foods through an extensive line of slow-cooked, boil-in-bag vegetables and side dishes. simplysouthernsides.com The Wahconah Group is dedicated to designing, manufacturing, marketing and distributing innovative apparel. wahconahgroup.com

Information Technology BOLD Guidance’s mobile app makes applying to college less stressful and more efficient for everyone by allowing students to follow a checklist specific to each college’s application, and stay on track with automatic reminders for deadlines and tasks. boldguidance.com

On Demand Interpretation Services has developed a live video teleconferencing solution that allows courtroom interpreters to appear remotely. ondemandinterpreters.com

Renter’s BOOM is an innovative online solution that connects property managers with potential tenants using socially integrated leasing. rentersboom.com

Sivad Marketing, DBA “The Food Stretcher Plus,” has developed a proprietary electronic coupon marketing system that targets low income and government subsidized consumers, allowing them to stretch their shopping dollars.

To apply: w w w.jumpstartinc.org/apply For more information : w w w.jumpstartinc.org/inclusion