JumpStart

JumpStart Inc. is a prominent non-profit venture development organization based in Cleveland, Ohio, dedicated to fostering economic growth and entrepreneurship in Northeast Ohio. Unlike traditional venture capital firms, JumpStart operates with a broader mission to provide comprehensive development assistance, including capital, connections, and coaching, to a diverse range of entrepreneurs and small businesses. Their strategic focus is on creating a robust ecosystem that supports innovation, job creation, and sustainable growth within the region.

The organization deploys capital through several specialized funds designed to address different stages and types of ventures. Their flagship Evergreen Fund primarily targets high-growth startups, typically making initial equity investments ranging from $250,000 to $1 million in seed and Series A rounds. Complementing this, the Impact Fund focuses on businesses in underserved communities, providing initial investments that generally fall between $50,000 and $250,000. Beyond equity, JumpStart also offers various small business programs that include loans and grants, further broadening their financial support spectrum for early-stage and community-focused enterprises.

Since its inception, JumpStart has played a significant role in the regional economy. As of 2023, the organization has invested over $70 million into more than 150 companies, demonstrating a substantial commitment to the local entrepreneurial landscape. This capital deployment is often coupled with extensive mentorship, strategic advisory services, and access to a network of industry experts and investors, aiming to enhance the success rates of portfolio companies. Their efforts extend beyond direct funding, contributing to the creation or retention of over 15,000 jobs in Northeast Ohio. JumpStart's unique model as a non-profit investor and ecosystem builder positions it as a critical resource for emerging businesses in the region.