WCEDC September 5, 2019 OUR MISSION JumpStart unlocks the full - - PowerPoint PPT Presentation

WCEDC

September 5, 2019

JumpStart unlocks the full potential of diverse and ambitious entrepreneurs to economically transform entire communities.

OUR MISSION

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ABOUT US

A non-profit venture development organization providing investment capital and technical assistance to entrepreneurs. Founded in 2004; currently 70+ employees headquartered in Cleveland, OH with satellite

• ffices in Toledo, Canton, and Upstate New York.

BY THE NUMBERS

$5.6B

Economic impact created by these client companies in OH since 2010

10K+

Jobs created by these client companies

10K+

Clients served by JumpStart and its partners to date

$54.9M

Invested by JumpStart alone into 116 companies to date

We leverage strong partners with shared goals to dramatically scale outcomes in the future. Diversity & Inclusion are important parts of our work and we continue to evolve our mission, programs, services and staff based on our learnings to increase equity.

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DIVERSITY

• INCLUSION
• EQUITY

WHAT WE DO

ECOSYSTEM INFLUENCERS:

Entrepreneurs Investors Educational Institutions Centers of Research Chambers of Commerce Community Initiatives Government Stakeholders Philanthropic Stakeholders Corporate Innovators

JumpStart works with ecosystem influencers and funders to help entrepreneurs start and grow businesses. FUNDERS:

Government: Federal, State, County, City Philanthropic: Foundations, Private Individuals Corporate: Foundations, Innovation Stakeholders

DIVERSITY

• INCLUSION
• EQUITY

E N T R E P R E N E U R S INVESTING INTER- MEDIARY SERVICES

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WHAT WE DO

ECOSYSTEM INFLUENCERS:

Entrepreneurs Investors Educational Institutions Centers of Research Chambers of Commerce Community Initiatives Government Stakeholders Philanthropic Stakeholders Corporate Innovators

JumpStart works with ecosystem influencers and funders to help entrepreneurs start and grow businesses. FUNDERS:

Government: Federal, State, County, City Philanthropic: Foundations, Private Individuals Corporate: Foundations, Innovation Stakeholders

DIVERSITY

• INCLUSION
• EQUITY

E N T R E P R E N E U R S INVESTING INTER- MEDIARY SERVICES

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SERVICES

We provide impactful business assistance services to help entrepreneurs and small business owners grow their companies and create jobs.

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Advisory Services

• One-to-one
• One-to-many

Mentoring Programs

• Burton D. Morgan Mentor

Program

A continuum of programs & services to support entrepreneurs:

Pilot-Based Programs

• Medical Capital Innovation

Competition

Cohort-Based Programs

• Impact Programs
• CLE, Canton, Toledo

Talent Recruiting

• Emerging Talent Network
• Entrepreneurial Talent Services

Pitch Competitions

• Open Mic Pitch Night
• NWO Pitch Competition

BUSINESS ASSISTANCE SERVICES

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Burton D. Morgan Mentoring Program

BETH POTRATZ

FOUNDER, PRESIDENT & CEO | Drive My Way

5,470+

Companies engaged to date by JumpStart

925

Companies engaged in 2018

51%

Led by women

44%

Led by people

• f color

OUR CLIENTS

BY THE NUMBERS

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Successful Exits

Acquired by: IgnitionOne (undisclosed) Acquired by: Medtronic ($94M) Acquired by: McKesson ($1.4B) Acquired by: Johnson-Matthey (undisclosed) Acquired by: Ring and Amazon (undisclosed) Acquired by: (undisclosed)

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INTERMEDIARY WORK

We work with our funders to deploy grants, manage collaborations and instill a culture of accountability as we administer their entrepreneurially focused economic development and workforce initiatives.

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The Ohio Third Frontier was our founding strategic partner and serves as the largest contributor to the NEO and NWO entrepreneurial ecosystems. The goal of the Entrepreneurial Services Provider (ESP) is to significantly increase tech based commercialization outcomes.

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A significant partnership between our organizations to achieve KeyBank’s Community Benefits Plan. Funding is dedicated to non-profit grantmaking and technical assistance to clients.

We have always had a commitment to diversity, demonstrated by our aspirations, values, activities,

• utreach practices, services, client mix, investing

practices and our own board and staff diversity.

OUR COMMITMENT TO DIVERSITY & INCLUSION

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51%

Of companies JumpStart engaged in 2018 were led by women

47%

Of JumpStart portfolio companies are led by women

BY THE NUMBERS

ALYSHA ELLIS

CO-FOUNDER & CEO | FRESHLY ROOTED

OUR CLIENT & PORTFOLIO COMPANIES

44%

Of companies JumpStart engaged in 2018 were led by people of color

15%

Of JumpStart portfolio companies are led by people of color

CLIENT COMPANIES PORTFOLIO COMPANIES

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For the communities we serve to be leaders in inclusive innovation and entrepreneurship.

OUR VISION FOR THE FUTURE

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OUR VISION FOR THE FUTURE

Creating spaces where diverse and ambitious entrepreneurs, innovators, business leaders, investors and academics can interact to create new products, services and firms Creating more capital

• ptions for both tech and

non-tech companies

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Strengthening existing strategic partnerships and creating new ones to scale impact

OUR VISION FOR THE FUTURE

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QUESTIONS?

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THANK YOU

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APPENDIX

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How We Started

Formation of The Center for Venture Development The “Center” merges with Case Western Reserve University (CWRU) and changes its name to Enterprise Development Inc. (EDI) EDI changes its name to JumpStart, Inc. and expands its service area from Greater Cleveland (15 counties) to Northeast Ohio (21 counties)

1983 1987 2002 2003

Northeast Ohio’s civic, community and philanthropic leaders gather to address the need for more entrepreneurial companies and job creation

2004

Ohio's Third Frontier (OTF) program awards a $1.1M grant to the Northeast Ohio Technology Coalition (NorTech) to provide technical assistance and make investments in startup companies JumpStart Inc. launches publicly with full support from the private, public and philanthropic communities JumpStart named one of the country’s most active seed investors by Entrepreneur Magazine

2006

EDI obtains two Edison grants for similar purposes JumpStart makes its first investments in startup tech companies NorTech joins CWRU as a founding members of JumpStart. NorTech's OTF funds are sub-granted to JumpStart

A PPEN D IX 1

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Our Last Decade

Receives National Excellence in Economic Development Award from U.S. Dept. of Commerce Creates the Focus Fund - its first fund focused exclusively on companies

• wned/led by women and people of color

Begins serving non-tech companies positioned to grow and hire aggressively

2014

Begins providing targeted services to companies located in Cleveland's core neighborhoods

2016 2015 2008 2009

Begins managing the Northeast Ohio Startup Network, a collaborative of

• rganizations receiving state funding

to support tech startups

2012 2017

Receives transformative $24M grant to launch the KeyBank Business Boost & Build Program, powered by JumpStart in OH & NY NorTech merges with Team NEO

2018

Evergreen Fund returns exceed 2.5X times founding capital; these returns expand and extend JumpStart’s programming and activities to more fully achieve its non-profit mission

2011

Launches JumpStart America program in partnership with the White House and

• ther national foundations, consults

leaders in 25 regions across U.S.

2016

Launches a $20M for-profit venture capital fund known as the NEXT Fund

A PPEN D IX 1

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