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

WCEDC September 5, 2019

OUR MISSION JumpStart unlocks the full potential of diverse and ambitious entrepreneurs to economically transform entire communities. 2

ABOUT US BY THE NUMBERS Founded in 2004; currently 70+ employees 10K+ headquartered in Cleveland, OH with satellite Clients served by JumpStart and its offices in Toledo, Canton, and Upstate New York. partners to date A non-profit venture development organization 10K+ Jobs created by these providing investment capital and technical client companies assistance to entrepreneurs. Economic impact $5.6B We leverage strong partners with shared goals to created by these dramatically scale outcomes in the future. client companies in OH since 2010 Diversity & Inclusion are important parts of our $54.9M Invested by JumpStart work and we continue to evolve our mission, alone into 116 companies to date programs, services and staff based on our learnings to increase equity. 3

JumpStart works WHAT WE DO with ecosystem influencers and funders to help entrepreneurs start and grow businesses. INVESTING DIVERSITY DIVERSITY FUNDERS: ECOSYSTEM - - Government: INFLUENCERS: INCLUSION INCLUSION E N T R E P R E N E U R S Federal, State, Entrepreneurs County, City - - Investors Educational Institutions EQUITY EQUITY Philanthropic: INTER- SERVICES Centers of Research MEDIARY Foundations, Chambers of Commerce Private Individuals Community Initiatives Government Stakeholders Corporate: Philanthropic Stakeholders Foundations, Corporate Innovators Innovation Stakeholders 4

JumpStart works WHAT WE DO with ecosystem influencers and funders to help entrepreneurs start and grow businesses. INVESTING DIVERSITY FUNDERS: ECOSYSTEM - Government: INFLUENCERS: INCLUSION E N T R E P R E N E U R S Federal, State, Entrepreneurs County, City - Investors Educational Institutions EQUITY Philanthropic: INTER- SERVICES Centers of Research MEDIARY Foundations, Chambers of Commerce Private Individuals Community Initiatives Government Stakeholders Corporate: Philanthropic Stakeholders Foundations, Corporate Innovators Innovation Stakeholders 5

SERVICES We provide impactful business assistance services to help entrepreneurs and small business owners grow their companies and create jobs. 6

Burton D. Morgan Mentoring Program A continuum of programs & services to support entrepreneurs: Advisory Services Mentoring Programs • • One-to-one Burton D. Morgan Mentor BUSINESS Program • One-to-many ASSISTANCE Cohort-Based Programs Talent Recruiting • • Impact Programs Emerging Talent Network • CLE, Canton, Toledo • Entrepreneurial Talent Services SERVICES Pilot-Based Programs Pitch Competitions • • Medical Capital Innovation Open Mic Pitch Night Competition • NWO Pitch Competition 7

BY THE NUMBERS Companies 5,470+ engaged to date by JumpStart 925 Companies engaged in 2018 OUR CLIENTS 51% Led by women 44% Led by people of color BETH POTRATZ 8 FOUNDER, PRESIDENT & CEO | Drive My Way

Successful Exits Acquired by: Acquired by: Acquired by: McKesson Ring and Amazon ($1.4B) (undisclosed) (undisclosed) Acquired by: Acquired by: Acquired by: Johnson-Matthey IgnitionOne Medtronic (undisclosed) (undisclosed) ($94M) 9

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. 10

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. 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. 11

OUR COMMITMENT TO DIVERSITY & INCLUSION We have always had a commitment to diversity, demonstrated by our aspirations, values, activities, outreach practices, services, client mix, investing practices and our own board and staff diversity. 12

BY THE NUMBERS Of companies JumpStart 51% COMPANIES engaged in 2018 were led by women CLIENT Of companies JumpStart 44% engaged in 2018 were led OUR CLIENT & by people of color PORTFOLIO Of JumpStart PORTFOLIO 47% COMPANIES COMPANIES portfolio companies are led by women Of JumpStart portfolio 15% companies are led by people of color ALYSHA ELLIS 13 CO-FOUNDER & CEO | FRESHLY ROOTED

OUR VISION FOR THE FUTURE For the communities we serve to be leaders in inclusive innovation and entrepreneurship. 14

Creating more capital options for both tech and non-tech companies OUR VISION FOR THE Creating spaces where diverse and ambitious entrepreneurs, FUTURE innovators, business leaders, investors and academics can interact to create new products, services and firms 15

OUR VISION FOR THE FUTURE Strengthening existing strategic partnerships and creating new ones to scale impact 16

QUESTIONS? 17

THANK YOU 18

APPENDIX 19

A PPEN D IX 1 How We Started 1983 2004 Formation of The Center for EDI changes its name to JumpStart, Inc. and expands its service area from Venture Development Greater Cleveland (15 counties) to 1987 The “Center” merges with Case Northeast Ohio (21 counties) Western Reserve University (CWRU) and changes its name to Enterprise NorTech joins CWRU as a founding Development Inc. (EDI) members of JumpStart. NorTech's OTF funds are sub-granted to JumpStart 2002 Northeast Ohio’s civic, community and philanthropic leaders gather to address JumpStart Inc. launches publicly with the need for more entrepreneurial full support from the private, public and companies and job creation philanthropic communities 2003 Ohio's Third Frontier (OTF) program JumpStart makes its first investments in awards a $1.1M grant to the Northeast startup tech companies Ohio Technology Coalition (NorTech) to provide technical assistance and 2006 JumpStart named one of the make investments in startup companies country’s most active seed investors by Entrepreneur Magazine EDI obtains two Edison grants for similar purposes 20

A PPEN D IX 1 Our Last Decade 2008 2015 Begins managing the Northeast Ohio Begins providing targeted services to Startup Network, a collaborative of companies located in Cleveland's core neighborhoods organizations receiving state funding to support tech startups 2016 NorTech merges with Team NEO 2009 Receives National Excellence in 2016 Economic Development Award from Launches a $20M for-profit venture U.S. Dept. of Commerce capital fund known as the NEXT Fund 2011 Launches JumpStart America program in 2017 Receives transformative $24M grant to partnership with the White House and launch the KeyBank Business Boost & other national foundations, consults Build Program, powered by JumpStart leaders in 25 regions across U.S. in OH & NY 2012 Creates the Focus Fund - its first fund 2018 Evergreen Fund returns exceed 2.5X focused exclusively on companies times founding capital; these returns owned/led by women and people of color expand and extend JumpStart’s programming and activities to more 2014 fully achieve its non-profit mission Begins serving non-tech companies positioned to grow and hire aggressively 21