How Innovation is Accelerating NEOs
Economic FutureOctober 2 2013
In the past 30 years
in the US
all net new job growthstemmed from high growth entrepreneurial companies
Entrepreneur magazine
ldquoNEO has the Worst Performing Entrepreneurial
Outcomes for a Large US Region Between 1990-
2002rdquo
THAT EXPLAINS A LOT ABOUT NEOhellip
ANNUAL CHANGE IN GREATER CLEVELANDS GROSS REGIONAL PRODUCT VS NATIONAL GDP
NEO ranked worst across aggregate metrics
bull Number of new companiesbull of employees working for young firmsbull Amount of venture capitalbull Number of bankruptciesbull Per capital income growth
38 of Ohio GDP and population
3
NOT ALL COMPANIES CONTRIBUTE EQUALLY
bull In 2011 high tech companies between 1-5 years of age created a net 16700 jobs
bull Other businesses between 1-5 yrs of age in the private sector overall lost 513700 jobs
bull 87 of technology startups plan to hire new employees in 2013 according to an interactive report by Silicon Valley Bank
bull For each new job that is created in the tech sector 5 jobs are created in service fields
The manufacturing sector creates only about 17 support positions for each core job within the industry
4
High-tech startupsare forming at a higher rate than all other private-sector businesses
SOME GOOD NEWS ABOUT WHAT IS HAPPENING
5
Return-oriented fund
$10M with a management fee of 2
We can help
Interested in accelerating diverse entrepreneurial successes to spark significant economic growth in Northeast Ohio
OnShift | Cleveland Ohio
Northeast Ohio Opportunities
Advisor
Investor
Partner amp Advocate
Deliver high-impact business assistance directly to entrepreneurs
Invest directly in early stage high growth Northeast Ohio companies
Champion new regional resources and programs via a combination of promotion and advocacy
Resource Manager
Manage a Network of nearly 30 entrepreneurial resources to deliver efficient and effective support to entrepreneurs
7
Focused on Northeast Ohio
Delivering Resources to Regionrsquos Entrepreneurs
Specialized Services amp Resources
bull Raise and deploy much-needed early stage capital
bull Help startups access funding
bull Identify and recruit key talent for young firms
bull Deliver expert volunteer mentoring
bull Offer free educational and networking opportunities
bull Conduct market research for startup companies
bull Assist with marketing and public relations
bull Attract and develop new entrepreneurial resources
bull Specialized support for women minority and inner-city entrepreneurs
bull Manage a Network of connected seed funds mentors incubators and accelerators to ensure efficient cost-effective and complementary delivery of resources across 21 counties of Northeast Ohio
Delivering Resources to Regionrsquos Entrepreneurs
8Juventas Therapeutics | Cleveland Ohio
9
economic impact of NE Ohio startups on the entire state
Impact of Supported Companies
Capital Revenues Jobs Clients Are Measurably Contributing to NEOrsquos Economic
Vitality
revenue generated by client companies
in 2012
jobs created and sustained by client
companies
follow-on capital collectively raised by
clients
10JumpStartrsquos clients
JumpStartrsquos clients
JumpStartrsquos clients
Our Organizationrsquos Goals
Increase the economic impact and ensure the sustainability of JumpStartrsquos work while reducing our dependence on current Northeast Ohio charitable supporters
1 Deliver economic results that impact startup and high-potential firms
2 Build partnerships that lead to greater collective entrepreneurial impact and sustainability
3 Have the strongest ever-evolving knowledge and solutions for accelerating the economic impact of entrepreneurs and building entrepreneurial ecosystems
4 Offer a unique world-class set of programs for engaging with and accelerating results of minority and female entrepreneurs as well as an intentional approach to developing inclusive ecosystems
5 Organize to generate significant increased resources
Planning for the Future
11
Building Partnerships
12
Our partnership philosophy is to work together to achieve your
desired community business or philanthropic objectives
Entrepreneurial Signature Program
More than 600 entrepreneurs approach JumpStart and our ESP partners annually for support As a result wersquore
bull Implementing a new assessment continuum and service methodology enabling even more efficient use of resources and increased speed-to-outcomes for all entrepreneurial clients
bull Developing online learning and educational events to support entrepreneurs furthest from outcomes
bull Scaling the Burton D Morgan Mentoring Program
bull Expanding talent recruiting services to make them even more available to growing Northeast Ohio companies
bull Enhancing services to help companies attract follow-on funding and first customers
Delivering Coordinated High-Impact Assistance
ldquoWe wouldnt exist without JumpStartrdquo ndashLaura Bennett Embrace Pet Insurance
13
We Manage amp are part of a connected Network
14
A Coordinated Startup Network
Connected To A Larger System
15
PRISM is about Growth
Revenue Growth
Job Growth
Regional Economic Growth
Enabling growth at SMMs can lead to significant revenue and job growth in
Northeast Ohio
6900 Manufacturers in NEO 141 of regionrsquos
employment 190 of GRP 234 of regionrsquos wages 405 of Ohiorsquos
manufacturing employment
16
Through a network of EDOs research agencies amp labs higher education institutions manufacturers and other partners Northeast Ohio is
1 Home to many growing manufacturing companies 2 Emerging as a hotbed of talent3 Attracting manufacturing companies from elsewhere
ldquoGame-Changingrdquo Vision
17
Northeast Ohio is Internationally Renowned as a Center of Excellence in Manufacturing Education and Product Innovation
The Partnership for Regional Innovation Services to Manufacturers (PRISM) seeks to establish Northeast Ohio as a global center of excellence in
manufacturing innovation
Objective Drive regional economic growth from small-to-mid-sized manufacturers (SMMs) through three core strategies
Target SMMs as an untapped source of economic growth
Assist critical mass of SMMs in applying resources of the region in growth projects
Leverage the lessons learned from these engagements to develop sustainable more powerful resources to catalyze growth in the broader sector
What does PRISM do
SMMs account for more than 45 of activity in $30 Billion+ NEO manufacturing sector but their full growth potential is not being realized
18
Letrsquos Partner In New Ways to Leverage Innovation Into
NEO Economic Growth
Ray Leach CEOrayleachjumpstartincorg
- How Innovation is Accelerating NEOs Economic Future
- Slide 2
- That Explains A lot about NEOhellip
- NOT ALL COMPANIES CONTRIBUTE EQUALLY
- Slide 5
- Slide 6
- Focused on Northeast Ohio
- Specialized Services amp Resources
- Slide 9
- Capital Revenues Jobs
- Our Organizationrsquos Goals
- Building Partnerships
- Entrepreneurial Signature Program
- We Manage amp are part of a connected Network
- Slide 15
- PRISM is about Growth
- Slide 17
- Slide 18
- Letrsquos Partner In New Ways to Leverage Innovation Into NEO Econo
-
In the past 30 years
in the US
all net new job growthstemmed from high growth entrepreneurial companies
Entrepreneur magazine
ldquoNEO has the Worst Performing Entrepreneurial
Outcomes for a Large US Region Between 1990-
2002rdquo
THAT EXPLAINS A LOT ABOUT NEOhellip
ANNUAL CHANGE IN GREATER CLEVELANDS GROSS REGIONAL PRODUCT VS NATIONAL GDP
NEO ranked worst across aggregate metrics
bull Number of new companiesbull of employees working for young firmsbull Amount of venture capitalbull Number of bankruptciesbull Per capital income growth
38 of Ohio GDP and population
3
NOT ALL COMPANIES CONTRIBUTE EQUALLY
bull In 2011 high tech companies between 1-5 years of age created a net 16700 jobs
bull Other businesses between 1-5 yrs of age in the private sector overall lost 513700 jobs
bull 87 of technology startups plan to hire new employees in 2013 according to an interactive report by Silicon Valley Bank
bull For each new job that is created in the tech sector 5 jobs are created in service fields
The manufacturing sector creates only about 17 support positions for each core job within the industry
4
High-tech startupsare forming at a higher rate than all other private-sector businesses
SOME GOOD NEWS ABOUT WHAT IS HAPPENING
5
Return-oriented fund
$10M with a management fee of 2
We can help
Interested in accelerating diverse entrepreneurial successes to spark significant economic growth in Northeast Ohio
OnShift | Cleveland Ohio
Northeast Ohio Opportunities
Advisor
Investor
Partner amp Advocate
Deliver high-impact business assistance directly to entrepreneurs
Invest directly in early stage high growth Northeast Ohio companies
Champion new regional resources and programs via a combination of promotion and advocacy
Resource Manager
Manage a Network of nearly 30 entrepreneurial resources to deliver efficient and effective support to entrepreneurs
7
Focused on Northeast Ohio
Delivering Resources to Regionrsquos Entrepreneurs
Specialized Services amp Resources
bull Raise and deploy much-needed early stage capital
bull Help startups access funding
bull Identify and recruit key talent for young firms
bull Deliver expert volunteer mentoring
bull Offer free educational and networking opportunities
bull Conduct market research for startup companies
bull Assist with marketing and public relations
bull Attract and develop new entrepreneurial resources
bull Specialized support for women minority and inner-city entrepreneurs
bull Manage a Network of connected seed funds mentors incubators and accelerators to ensure efficient cost-effective and complementary delivery of resources across 21 counties of Northeast Ohio
Delivering Resources to Regionrsquos Entrepreneurs
8Juventas Therapeutics | Cleveland Ohio
9
economic impact of NE Ohio startups on the entire state
Impact of Supported Companies
Capital Revenues Jobs Clients Are Measurably Contributing to NEOrsquos Economic
Vitality
revenue generated by client companies
in 2012
jobs created and sustained by client
companies
follow-on capital collectively raised by
clients
10JumpStartrsquos clients
JumpStartrsquos clients
JumpStartrsquos clients
Our Organizationrsquos Goals
Increase the economic impact and ensure the sustainability of JumpStartrsquos work while reducing our dependence on current Northeast Ohio charitable supporters
1 Deliver economic results that impact startup and high-potential firms
2 Build partnerships that lead to greater collective entrepreneurial impact and sustainability
3 Have the strongest ever-evolving knowledge and solutions for accelerating the economic impact of entrepreneurs and building entrepreneurial ecosystems
4 Offer a unique world-class set of programs for engaging with and accelerating results of minority and female entrepreneurs as well as an intentional approach to developing inclusive ecosystems
5 Organize to generate significant increased resources
Planning for the Future
11
Building Partnerships
12
Our partnership philosophy is to work together to achieve your
desired community business or philanthropic objectives
Entrepreneurial Signature Program
More than 600 entrepreneurs approach JumpStart and our ESP partners annually for support As a result wersquore
bull Implementing a new assessment continuum and service methodology enabling even more efficient use of resources and increased speed-to-outcomes for all entrepreneurial clients
bull Developing online learning and educational events to support entrepreneurs furthest from outcomes
bull Scaling the Burton D Morgan Mentoring Program
bull Expanding talent recruiting services to make them even more available to growing Northeast Ohio companies
bull Enhancing services to help companies attract follow-on funding and first customers
Delivering Coordinated High-Impact Assistance
ldquoWe wouldnt exist without JumpStartrdquo ndashLaura Bennett Embrace Pet Insurance
13
We Manage amp are part of a connected Network
14
A Coordinated Startup Network
Connected To A Larger System
15
PRISM is about Growth
Revenue Growth
Job Growth
Regional Economic Growth
Enabling growth at SMMs can lead to significant revenue and job growth in
Northeast Ohio
6900 Manufacturers in NEO 141 of regionrsquos
employment 190 of GRP 234 of regionrsquos wages 405 of Ohiorsquos
manufacturing employment
16
Through a network of EDOs research agencies amp labs higher education institutions manufacturers and other partners Northeast Ohio is
1 Home to many growing manufacturing companies 2 Emerging as a hotbed of talent3 Attracting manufacturing companies from elsewhere
ldquoGame-Changingrdquo Vision
17
Northeast Ohio is Internationally Renowned as a Center of Excellence in Manufacturing Education and Product Innovation
The Partnership for Regional Innovation Services to Manufacturers (PRISM) seeks to establish Northeast Ohio as a global center of excellence in
manufacturing innovation
Objective Drive regional economic growth from small-to-mid-sized manufacturers (SMMs) through three core strategies
Target SMMs as an untapped source of economic growth
Assist critical mass of SMMs in applying resources of the region in growth projects
Leverage the lessons learned from these engagements to develop sustainable more powerful resources to catalyze growth in the broader sector
What does PRISM do
SMMs account for more than 45 of activity in $30 Billion+ NEO manufacturing sector but their full growth potential is not being realized
18
Letrsquos Partner In New Ways to Leverage Innovation Into
NEO Economic Growth
Ray Leach CEOrayleachjumpstartincorg
- How Innovation is Accelerating NEOs Economic Future
- Slide 2
- That Explains A lot about NEOhellip
- NOT ALL COMPANIES CONTRIBUTE EQUALLY
- Slide 5
- Slide 6
- Focused on Northeast Ohio
- Specialized Services amp Resources
- Slide 9
- Capital Revenues Jobs
- Our Organizationrsquos Goals
- Building Partnerships
- Entrepreneurial Signature Program
- We Manage amp are part of a connected Network
- Slide 15
- PRISM is about Growth
- Slide 17
- Slide 18
- Letrsquos Partner In New Ways to Leverage Innovation Into NEO Econo
-
Entrepreneur magazine
ldquoNEO has the Worst Performing Entrepreneurial
Outcomes for a Large US Region Between 1990-
2002rdquo
THAT EXPLAINS A LOT ABOUT NEOhellip
ANNUAL CHANGE IN GREATER CLEVELANDS GROSS REGIONAL PRODUCT VS NATIONAL GDP
NEO ranked worst across aggregate metrics
bull Number of new companiesbull of employees working for young firmsbull Amount of venture capitalbull Number of bankruptciesbull Per capital income growth
38 of Ohio GDP and population
3
NOT ALL COMPANIES CONTRIBUTE EQUALLY
bull In 2011 high tech companies between 1-5 years of age created a net 16700 jobs
bull Other businesses between 1-5 yrs of age in the private sector overall lost 513700 jobs
bull 87 of technology startups plan to hire new employees in 2013 according to an interactive report by Silicon Valley Bank
bull For each new job that is created in the tech sector 5 jobs are created in service fields
The manufacturing sector creates only about 17 support positions for each core job within the industry
4
High-tech startupsare forming at a higher rate than all other private-sector businesses
SOME GOOD NEWS ABOUT WHAT IS HAPPENING
5
Return-oriented fund
$10M with a management fee of 2
We can help
Interested in accelerating diverse entrepreneurial successes to spark significant economic growth in Northeast Ohio
OnShift | Cleveland Ohio
Northeast Ohio Opportunities
Advisor
Investor
Partner amp Advocate
Deliver high-impact business assistance directly to entrepreneurs
Invest directly in early stage high growth Northeast Ohio companies
Champion new regional resources and programs via a combination of promotion and advocacy
Resource Manager
Manage a Network of nearly 30 entrepreneurial resources to deliver efficient and effective support to entrepreneurs
7
Focused on Northeast Ohio
Delivering Resources to Regionrsquos Entrepreneurs
Specialized Services amp Resources
bull Raise and deploy much-needed early stage capital
bull Help startups access funding
bull Identify and recruit key talent for young firms
bull Deliver expert volunteer mentoring
bull Offer free educational and networking opportunities
bull Conduct market research for startup companies
bull Assist with marketing and public relations
bull Attract and develop new entrepreneurial resources
bull Specialized support for women minority and inner-city entrepreneurs
bull Manage a Network of connected seed funds mentors incubators and accelerators to ensure efficient cost-effective and complementary delivery of resources across 21 counties of Northeast Ohio
Delivering Resources to Regionrsquos Entrepreneurs
8Juventas Therapeutics | Cleveland Ohio
9
economic impact of NE Ohio startups on the entire state
Impact of Supported Companies
Capital Revenues Jobs Clients Are Measurably Contributing to NEOrsquos Economic
Vitality
revenue generated by client companies
in 2012
jobs created and sustained by client
companies
follow-on capital collectively raised by
clients
10JumpStartrsquos clients
JumpStartrsquos clients
JumpStartrsquos clients
Our Organizationrsquos Goals
Increase the economic impact and ensure the sustainability of JumpStartrsquos work while reducing our dependence on current Northeast Ohio charitable supporters
1 Deliver economic results that impact startup and high-potential firms
2 Build partnerships that lead to greater collective entrepreneurial impact and sustainability
3 Have the strongest ever-evolving knowledge and solutions for accelerating the economic impact of entrepreneurs and building entrepreneurial ecosystems
4 Offer a unique world-class set of programs for engaging with and accelerating results of minority and female entrepreneurs as well as an intentional approach to developing inclusive ecosystems
5 Organize to generate significant increased resources
Planning for the Future
11
Building Partnerships
12
Our partnership philosophy is to work together to achieve your
desired community business or philanthropic objectives
Entrepreneurial Signature Program
More than 600 entrepreneurs approach JumpStart and our ESP partners annually for support As a result wersquore
bull Implementing a new assessment continuum and service methodology enabling even more efficient use of resources and increased speed-to-outcomes for all entrepreneurial clients
bull Developing online learning and educational events to support entrepreneurs furthest from outcomes
bull Scaling the Burton D Morgan Mentoring Program
bull Expanding talent recruiting services to make them even more available to growing Northeast Ohio companies
bull Enhancing services to help companies attract follow-on funding and first customers
Delivering Coordinated High-Impact Assistance
ldquoWe wouldnt exist without JumpStartrdquo ndashLaura Bennett Embrace Pet Insurance
13
We Manage amp are part of a connected Network
14
A Coordinated Startup Network
Connected To A Larger System
15
PRISM is about Growth
Revenue Growth
Job Growth
Regional Economic Growth
Enabling growth at SMMs can lead to significant revenue and job growth in
Northeast Ohio
6900 Manufacturers in NEO 141 of regionrsquos
employment 190 of GRP 234 of regionrsquos wages 405 of Ohiorsquos
manufacturing employment
16
Through a network of EDOs research agencies amp labs higher education institutions manufacturers and other partners Northeast Ohio is
1 Home to many growing manufacturing companies 2 Emerging as a hotbed of talent3 Attracting manufacturing companies from elsewhere
ldquoGame-Changingrdquo Vision
17
Northeast Ohio is Internationally Renowned as a Center of Excellence in Manufacturing Education and Product Innovation
The Partnership for Regional Innovation Services to Manufacturers (PRISM) seeks to establish Northeast Ohio as a global center of excellence in
manufacturing innovation
Objective Drive regional economic growth from small-to-mid-sized manufacturers (SMMs) through three core strategies
Target SMMs as an untapped source of economic growth
Assist critical mass of SMMs in applying resources of the region in growth projects
Leverage the lessons learned from these engagements to develop sustainable more powerful resources to catalyze growth in the broader sector
What does PRISM do
SMMs account for more than 45 of activity in $30 Billion+ NEO manufacturing sector but their full growth potential is not being realized
18
Letrsquos Partner In New Ways to Leverage Innovation Into
NEO Economic Growth
Ray Leach CEOrayleachjumpstartincorg
- How Innovation is Accelerating NEOs Economic Future
- Slide 2
- That Explains A lot about NEOhellip
- NOT ALL COMPANIES CONTRIBUTE EQUALLY
- Slide 5
- Slide 6
- Focused on Northeast Ohio
- Specialized Services amp Resources
- Slide 9
- Capital Revenues Jobs
- Our Organizationrsquos Goals
- Building Partnerships
- Entrepreneurial Signature Program
- We Manage amp are part of a connected Network
- Slide 15
- PRISM is about Growth
- Slide 17
- Slide 18
- Letrsquos Partner In New Ways to Leverage Innovation Into NEO Econo
-
NOT ALL COMPANIES CONTRIBUTE EQUALLY
bull In 2011 high tech companies between 1-5 years of age created a net 16700 jobs
bull Other businesses between 1-5 yrs of age in the private sector overall lost 513700 jobs
bull 87 of technology startups plan to hire new employees in 2013 according to an interactive report by Silicon Valley Bank
bull For each new job that is created in the tech sector 5 jobs are created in service fields
The manufacturing sector creates only about 17 support positions for each core job within the industry
4
High-tech startupsare forming at a higher rate than all other private-sector businesses
SOME GOOD NEWS ABOUT WHAT IS HAPPENING
5
Return-oriented fund
$10M with a management fee of 2
We can help
Interested in accelerating diverse entrepreneurial successes to spark significant economic growth in Northeast Ohio
OnShift | Cleveland Ohio
Northeast Ohio Opportunities
Advisor
Investor
Partner amp Advocate
Deliver high-impact business assistance directly to entrepreneurs
Invest directly in early stage high growth Northeast Ohio companies
Champion new regional resources and programs via a combination of promotion and advocacy
Resource Manager
Manage a Network of nearly 30 entrepreneurial resources to deliver efficient and effective support to entrepreneurs
7
Focused on Northeast Ohio
Delivering Resources to Regionrsquos Entrepreneurs
Specialized Services amp Resources
bull Raise and deploy much-needed early stage capital
bull Help startups access funding
bull Identify and recruit key talent for young firms
bull Deliver expert volunteer mentoring
bull Offer free educational and networking opportunities
bull Conduct market research for startup companies
bull Assist with marketing and public relations
bull Attract and develop new entrepreneurial resources
bull Specialized support for women minority and inner-city entrepreneurs
bull Manage a Network of connected seed funds mentors incubators and accelerators to ensure efficient cost-effective and complementary delivery of resources across 21 counties of Northeast Ohio
Delivering Resources to Regionrsquos Entrepreneurs
8Juventas Therapeutics | Cleveland Ohio
9
economic impact of NE Ohio startups on the entire state
Impact of Supported Companies
Capital Revenues Jobs Clients Are Measurably Contributing to NEOrsquos Economic
Vitality
revenue generated by client companies
in 2012
jobs created and sustained by client
companies
follow-on capital collectively raised by
clients
10JumpStartrsquos clients
JumpStartrsquos clients
JumpStartrsquos clients
Our Organizationrsquos Goals
Increase the economic impact and ensure the sustainability of JumpStartrsquos work while reducing our dependence on current Northeast Ohio charitable supporters
1 Deliver economic results that impact startup and high-potential firms
2 Build partnerships that lead to greater collective entrepreneurial impact and sustainability
3 Have the strongest ever-evolving knowledge and solutions for accelerating the economic impact of entrepreneurs and building entrepreneurial ecosystems
4 Offer a unique world-class set of programs for engaging with and accelerating results of minority and female entrepreneurs as well as an intentional approach to developing inclusive ecosystems
5 Organize to generate significant increased resources
Planning for the Future
11
Building Partnerships
12
Our partnership philosophy is to work together to achieve your
desired community business or philanthropic objectives
Entrepreneurial Signature Program
More than 600 entrepreneurs approach JumpStart and our ESP partners annually for support As a result wersquore
bull Implementing a new assessment continuum and service methodology enabling even more efficient use of resources and increased speed-to-outcomes for all entrepreneurial clients
bull Developing online learning and educational events to support entrepreneurs furthest from outcomes
bull Scaling the Burton D Morgan Mentoring Program
bull Expanding talent recruiting services to make them even more available to growing Northeast Ohio companies
bull Enhancing services to help companies attract follow-on funding and first customers
Delivering Coordinated High-Impact Assistance
ldquoWe wouldnt exist without JumpStartrdquo ndashLaura Bennett Embrace Pet Insurance
13
We Manage amp are part of a connected Network
14
A Coordinated Startup Network
Connected To A Larger System
15
PRISM is about Growth
Revenue Growth
Job Growth
Regional Economic Growth
Enabling growth at SMMs can lead to significant revenue and job growth in
Northeast Ohio
6900 Manufacturers in NEO 141 of regionrsquos
employment 190 of GRP 234 of regionrsquos wages 405 of Ohiorsquos
manufacturing employment
16
Through a network of EDOs research agencies amp labs higher education institutions manufacturers and other partners Northeast Ohio is
1 Home to many growing manufacturing companies 2 Emerging as a hotbed of talent3 Attracting manufacturing companies from elsewhere
ldquoGame-Changingrdquo Vision
17
Northeast Ohio is Internationally Renowned as a Center of Excellence in Manufacturing Education and Product Innovation
The Partnership for Regional Innovation Services to Manufacturers (PRISM) seeks to establish Northeast Ohio as a global center of excellence in
manufacturing innovation
Objective Drive regional economic growth from small-to-mid-sized manufacturers (SMMs) through three core strategies
Target SMMs as an untapped source of economic growth
Assist critical mass of SMMs in applying resources of the region in growth projects
Leverage the lessons learned from these engagements to develop sustainable more powerful resources to catalyze growth in the broader sector
What does PRISM do
SMMs account for more than 45 of activity in $30 Billion+ NEO manufacturing sector but their full growth potential is not being realized
18
Letrsquos Partner In New Ways to Leverage Innovation Into
NEO Economic Growth
Ray Leach CEOrayleachjumpstartincorg
- How Innovation is Accelerating NEOs Economic Future
- Slide 2
- That Explains A lot about NEOhellip
- NOT ALL COMPANIES CONTRIBUTE EQUALLY
- Slide 5
- Slide 6
- Focused on Northeast Ohio
- Specialized Services amp Resources
- Slide 9
- Capital Revenues Jobs
- Our Organizationrsquos Goals
- Building Partnerships
- Entrepreneurial Signature Program
- We Manage amp are part of a connected Network
- Slide 15
- PRISM is about Growth
- Slide 17
- Slide 18
- Letrsquos Partner In New Ways to Leverage Innovation Into NEO Econo
-
High-tech startupsare forming at a higher rate than all other private-sector businesses
SOME GOOD NEWS ABOUT WHAT IS HAPPENING
5
Return-oriented fund
$10M with a management fee of 2
We can help
Interested in accelerating diverse entrepreneurial successes to spark significant economic growth in Northeast Ohio
OnShift | Cleveland Ohio
Northeast Ohio Opportunities
Advisor
Investor
Partner amp Advocate
Deliver high-impact business assistance directly to entrepreneurs
Invest directly in early stage high growth Northeast Ohio companies
Champion new regional resources and programs via a combination of promotion and advocacy
Resource Manager
Manage a Network of nearly 30 entrepreneurial resources to deliver efficient and effective support to entrepreneurs
7
Focused on Northeast Ohio
Delivering Resources to Regionrsquos Entrepreneurs
Specialized Services amp Resources
bull Raise and deploy much-needed early stage capital
bull Help startups access funding
bull Identify and recruit key talent for young firms
bull Deliver expert volunteer mentoring
bull Offer free educational and networking opportunities
bull Conduct market research for startup companies
bull Assist with marketing and public relations
bull Attract and develop new entrepreneurial resources
bull Specialized support for women minority and inner-city entrepreneurs
bull Manage a Network of connected seed funds mentors incubators and accelerators to ensure efficient cost-effective and complementary delivery of resources across 21 counties of Northeast Ohio
Delivering Resources to Regionrsquos Entrepreneurs
8Juventas Therapeutics | Cleveland Ohio
9
economic impact of NE Ohio startups on the entire state
Impact of Supported Companies
Capital Revenues Jobs Clients Are Measurably Contributing to NEOrsquos Economic
Vitality
revenue generated by client companies
in 2012
jobs created and sustained by client
companies
follow-on capital collectively raised by
clients
10JumpStartrsquos clients
JumpStartrsquos clients
JumpStartrsquos clients
Our Organizationrsquos Goals
Increase the economic impact and ensure the sustainability of JumpStartrsquos work while reducing our dependence on current Northeast Ohio charitable supporters
1 Deliver economic results that impact startup and high-potential firms
2 Build partnerships that lead to greater collective entrepreneurial impact and sustainability
3 Have the strongest ever-evolving knowledge and solutions for accelerating the economic impact of entrepreneurs and building entrepreneurial ecosystems
4 Offer a unique world-class set of programs for engaging with and accelerating results of minority and female entrepreneurs as well as an intentional approach to developing inclusive ecosystems
5 Organize to generate significant increased resources
Planning for the Future
11
Building Partnerships
12
Our partnership philosophy is to work together to achieve your
desired community business or philanthropic objectives
Entrepreneurial Signature Program
More than 600 entrepreneurs approach JumpStart and our ESP partners annually for support As a result wersquore
bull Implementing a new assessment continuum and service methodology enabling even more efficient use of resources and increased speed-to-outcomes for all entrepreneurial clients
bull Developing online learning and educational events to support entrepreneurs furthest from outcomes
bull Scaling the Burton D Morgan Mentoring Program
bull Expanding talent recruiting services to make them even more available to growing Northeast Ohio companies
bull Enhancing services to help companies attract follow-on funding and first customers
Delivering Coordinated High-Impact Assistance
ldquoWe wouldnt exist without JumpStartrdquo ndashLaura Bennett Embrace Pet Insurance
13
We Manage amp are part of a connected Network
14
A Coordinated Startup Network
Connected To A Larger System
15
PRISM is about Growth
Revenue Growth
Job Growth
Regional Economic Growth
Enabling growth at SMMs can lead to significant revenue and job growth in
Northeast Ohio
6900 Manufacturers in NEO 141 of regionrsquos
employment 190 of GRP 234 of regionrsquos wages 405 of Ohiorsquos
manufacturing employment
16
Through a network of EDOs research agencies amp labs higher education institutions manufacturers and other partners Northeast Ohio is
1 Home to many growing manufacturing companies 2 Emerging as a hotbed of talent3 Attracting manufacturing companies from elsewhere
ldquoGame-Changingrdquo Vision
17
Northeast Ohio is Internationally Renowned as a Center of Excellence in Manufacturing Education and Product Innovation
The Partnership for Regional Innovation Services to Manufacturers (PRISM) seeks to establish Northeast Ohio as a global center of excellence in
manufacturing innovation
Objective Drive regional economic growth from small-to-mid-sized manufacturers (SMMs) through three core strategies
Target SMMs as an untapped source of economic growth
Assist critical mass of SMMs in applying resources of the region in growth projects
Leverage the lessons learned from these engagements to develop sustainable more powerful resources to catalyze growth in the broader sector
What does PRISM do
SMMs account for more than 45 of activity in $30 Billion+ NEO manufacturing sector but their full growth potential is not being realized
18
Letrsquos Partner In New Ways to Leverage Innovation Into
NEO Economic Growth
Ray Leach CEOrayleachjumpstartincorg
- How Innovation is Accelerating NEOs Economic Future
- Slide 2
- That Explains A lot about NEOhellip
- NOT ALL COMPANIES CONTRIBUTE EQUALLY
- Slide 5
- Slide 6
- Focused on Northeast Ohio
- Specialized Services amp Resources
- Slide 9
- Capital Revenues Jobs
- Our Organizationrsquos Goals
- Building Partnerships
- Entrepreneurial Signature Program
- We Manage amp are part of a connected Network
- Slide 15
- PRISM is about Growth
- Slide 17
- Slide 18
- Letrsquos Partner In New Ways to Leverage Innovation Into NEO Econo
-
Return-oriented fund
$10M with a management fee of 2
We can help
Interested in accelerating diverse entrepreneurial successes to spark significant economic growth in Northeast Ohio
OnShift | Cleveland Ohio
Northeast Ohio Opportunities
Advisor
Investor
Partner amp Advocate
Deliver high-impact business assistance directly to entrepreneurs
Invest directly in early stage high growth Northeast Ohio companies
Champion new regional resources and programs via a combination of promotion and advocacy
Resource Manager
Manage a Network of nearly 30 entrepreneurial resources to deliver efficient and effective support to entrepreneurs
7
Focused on Northeast Ohio
Delivering Resources to Regionrsquos Entrepreneurs
Specialized Services amp Resources
bull Raise and deploy much-needed early stage capital
bull Help startups access funding
bull Identify and recruit key talent for young firms
bull Deliver expert volunteer mentoring
bull Offer free educational and networking opportunities
bull Conduct market research for startup companies
bull Assist with marketing and public relations
bull Attract and develop new entrepreneurial resources
bull Specialized support for women minority and inner-city entrepreneurs
bull Manage a Network of connected seed funds mentors incubators and accelerators to ensure efficient cost-effective and complementary delivery of resources across 21 counties of Northeast Ohio
Delivering Resources to Regionrsquos Entrepreneurs
8Juventas Therapeutics | Cleveland Ohio
9
economic impact of NE Ohio startups on the entire state
Impact of Supported Companies
Capital Revenues Jobs Clients Are Measurably Contributing to NEOrsquos Economic
Vitality
revenue generated by client companies
in 2012
jobs created and sustained by client
companies
follow-on capital collectively raised by
clients
10JumpStartrsquos clients
JumpStartrsquos clients
JumpStartrsquos clients
Our Organizationrsquos Goals
Increase the economic impact and ensure the sustainability of JumpStartrsquos work while reducing our dependence on current Northeast Ohio charitable supporters
1 Deliver economic results that impact startup and high-potential firms
2 Build partnerships that lead to greater collective entrepreneurial impact and sustainability
3 Have the strongest ever-evolving knowledge and solutions for accelerating the economic impact of entrepreneurs and building entrepreneurial ecosystems
4 Offer a unique world-class set of programs for engaging with and accelerating results of minority and female entrepreneurs as well as an intentional approach to developing inclusive ecosystems
5 Organize to generate significant increased resources
Planning for the Future
11
Building Partnerships
12
Our partnership philosophy is to work together to achieve your
desired community business or philanthropic objectives
Entrepreneurial Signature Program
More than 600 entrepreneurs approach JumpStart and our ESP partners annually for support As a result wersquore
bull Implementing a new assessment continuum and service methodology enabling even more efficient use of resources and increased speed-to-outcomes for all entrepreneurial clients
bull Developing online learning and educational events to support entrepreneurs furthest from outcomes
bull Scaling the Burton D Morgan Mentoring Program
bull Expanding talent recruiting services to make them even more available to growing Northeast Ohio companies
bull Enhancing services to help companies attract follow-on funding and first customers
Delivering Coordinated High-Impact Assistance
ldquoWe wouldnt exist without JumpStartrdquo ndashLaura Bennett Embrace Pet Insurance
13
We Manage amp are part of a connected Network
14
A Coordinated Startup Network
Connected To A Larger System
15
PRISM is about Growth
Revenue Growth
Job Growth
Regional Economic Growth
Enabling growth at SMMs can lead to significant revenue and job growth in
Northeast Ohio
6900 Manufacturers in NEO 141 of regionrsquos
employment 190 of GRP 234 of regionrsquos wages 405 of Ohiorsquos
manufacturing employment
16
Through a network of EDOs research agencies amp labs higher education institutions manufacturers and other partners Northeast Ohio is
1 Home to many growing manufacturing companies 2 Emerging as a hotbed of talent3 Attracting manufacturing companies from elsewhere
ldquoGame-Changingrdquo Vision
17
Northeast Ohio is Internationally Renowned as a Center of Excellence in Manufacturing Education and Product Innovation
The Partnership for Regional Innovation Services to Manufacturers (PRISM) seeks to establish Northeast Ohio as a global center of excellence in
manufacturing innovation
Objective Drive regional economic growth from small-to-mid-sized manufacturers (SMMs) through three core strategies
Target SMMs as an untapped source of economic growth
Assist critical mass of SMMs in applying resources of the region in growth projects
Leverage the lessons learned from these engagements to develop sustainable more powerful resources to catalyze growth in the broader sector
What does PRISM do
SMMs account for more than 45 of activity in $30 Billion+ NEO manufacturing sector but their full growth potential is not being realized
18
Letrsquos Partner In New Ways to Leverage Innovation Into
NEO Economic Growth
Ray Leach CEOrayleachjumpstartincorg
- How Innovation is Accelerating NEOs Economic Future
- Slide 2
- That Explains A lot about NEOhellip
- NOT ALL COMPANIES CONTRIBUTE EQUALLY
- Slide 5
- Slide 6
- Focused on Northeast Ohio
- Specialized Services amp Resources
- Slide 9
- Capital Revenues Jobs
- Our Organizationrsquos Goals
- Building Partnerships
- Entrepreneurial Signature Program
- We Manage amp are part of a connected Network
- Slide 15
- PRISM is about Growth
- Slide 17
- Slide 18
- Letrsquos Partner In New Ways to Leverage Innovation Into NEO Econo
-
Advisor
Investor
Partner amp Advocate
Deliver high-impact business assistance directly to entrepreneurs
Invest directly in early stage high growth Northeast Ohio companies
Champion new regional resources and programs via a combination of promotion and advocacy
Resource Manager
Manage a Network of nearly 30 entrepreneurial resources to deliver efficient and effective support to entrepreneurs
7
Focused on Northeast Ohio
Delivering Resources to Regionrsquos Entrepreneurs
Specialized Services amp Resources
bull Raise and deploy much-needed early stage capital
bull Help startups access funding
bull Identify and recruit key talent for young firms
bull Deliver expert volunteer mentoring
bull Offer free educational and networking opportunities
bull Conduct market research for startup companies
bull Assist with marketing and public relations
bull Attract and develop new entrepreneurial resources
bull Specialized support for women minority and inner-city entrepreneurs
bull Manage a Network of connected seed funds mentors incubators and accelerators to ensure efficient cost-effective and complementary delivery of resources across 21 counties of Northeast Ohio
Delivering Resources to Regionrsquos Entrepreneurs
8Juventas Therapeutics | Cleveland Ohio
9
economic impact of NE Ohio startups on the entire state
Impact of Supported Companies
Capital Revenues Jobs Clients Are Measurably Contributing to NEOrsquos Economic
Vitality
revenue generated by client companies
in 2012
jobs created and sustained by client
companies
follow-on capital collectively raised by
clients
10JumpStartrsquos clients
JumpStartrsquos clients
JumpStartrsquos clients
Our Organizationrsquos Goals
Increase the economic impact and ensure the sustainability of JumpStartrsquos work while reducing our dependence on current Northeast Ohio charitable supporters
1 Deliver economic results that impact startup and high-potential firms
2 Build partnerships that lead to greater collective entrepreneurial impact and sustainability
3 Have the strongest ever-evolving knowledge and solutions for accelerating the economic impact of entrepreneurs and building entrepreneurial ecosystems
4 Offer a unique world-class set of programs for engaging with and accelerating results of minority and female entrepreneurs as well as an intentional approach to developing inclusive ecosystems
5 Organize to generate significant increased resources
Planning for the Future
11
Building Partnerships
12
Our partnership philosophy is to work together to achieve your
desired community business or philanthropic objectives
Entrepreneurial Signature Program
More than 600 entrepreneurs approach JumpStart and our ESP partners annually for support As a result wersquore
bull Implementing a new assessment continuum and service methodology enabling even more efficient use of resources and increased speed-to-outcomes for all entrepreneurial clients
bull Developing online learning and educational events to support entrepreneurs furthest from outcomes
bull Scaling the Burton D Morgan Mentoring Program
bull Expanding talent recruiting services to make them even more available to growing Northeast Ohio companies
bull Enhancing services to help companies attract follow-on funding and first customers
Delivering Coordinated High-Impact Assistance
ldquoWe wouldnt exist without JumpStartrdquo ndashLaura Bennett Embrace Pet Insurance
13
We Manage amp are part of a connected Network
14
A Coordinated Startup Network
Connected To A Larger System
15
PRISM is about Growth
Revenue Growth
Job Growth
Regional Economic Growth
Enabling growth at SMMs can lead to significant revenue and job growth in
Northeast Ohio
6900 Manufacturers in NEO 141 of regionrsquos
employment 190 of GRP 234 of regionrsquos wages 405 of Ohiorsquos
manufacturing employment
16
Through a network of EDOs research agencies amp labs higher education institutions manufacturers and other partners Northeast Ohio is
1 Home to many growing manufacturing companies 2 Emerging as a hotbed of talent3 Attracting manufacturing companies from elsewhere
ldquoGame-Changingrdquo Vision
17
Northeast Ohio is Internationally Renowned as a Center of Excellence in Manufacturing Education and Product Innovation
The Partnership for Regional Innovation Services to Manufacturers (PRISM) seeks to establish Northeast Ohio as a global center of excellence in
manufacturing innovation
Objective Drive regional economic growth from small-to-mid-sized manufacturers (SMMs) through three core strategies
Target SMMs as an untapped source of economic growth
Assist critical mass of SMMs in applying resources of the region in growth projects
Leverage the lessons learned from these engagements to develop sustainable more powerful resources to catalyze growth in the broader sector
What does PRISM do
SMMs account for more than 45 of activity in $30 Billion+ NEO manufacturing sector but their full growth potential is not being realized
18
Letrsquos Partner In New Ways to Leverage Innovation Into
NEO Economic Growth
Ray Leach CEOrayleachjumpstartincorg
- How Innovation is Accelerating NEOs Economic Future
- Slide 2
- That Explains A lot about NEOhellip
- NOT ALL COMPANIES CONTRIBUTE EQUALLY
- Slide 5
- Slide 6
- Focused on Northeast Ohio
- Specialized Services amp Resources
- Slide 9
- Capital Revenues Jobs
- Our Organizationrsquos Goals
- Building Partnerships
- Entrepreneurial Signature Program
- We Manage amp are part of a connected Network
- Slide 15
- PRISM is about Growth
- Slide 17
- Slide 18
- Letrsquos Partner In New Ways to Leverage Innovation Into NEO Econo
-
Specialized Services amp Resources
bull Raise and deploy much-needed early stage capital
bull Help startups access funding
bull Identify and recruit key talent for young firms
bull Deliver expert volunteer mentoring
bull Offer free educational and networking opportunities
bull Conduct market research for startup companies
bull Assist with marketing and public relations
bull Attract and develop new entrepreneurial resources
bull Specialized support for women minority and inner-city entrepreneurs
bull Manage a Network of connected seed funds mentors incubators and accelerators to ensure efficient cost-effective and complementary delivery of resources across 21 counties of Northeast Ohio
Delivering Resources to Regionrsquos Entrepreneurs
8Juventas Therapeutics | Cleveland Ohio
9
economic impact of NE Ohio startups on the entire state
Impact of Supported Companies
Capital Revenues Jobs Clients Are Measurably Contributing to NEOrsquos Economic
Vitality
revenue generated by client companies
in 2012
jobs created and sustained by client
companies
follow-on capital collectively raised by
clients
10JumpStartrsquos clients
JumpStartrsquos clients
JumpStartrsquos clients
Our Organizationrsquos Goals
Increase the economic impact and ensure the sustainability of JumpStartrsquos work while reducing our dependence on current Northeast Ohio charitable supporters
1 Deliver economic results that impact startup and high-potential firms
2 Build partnerships that lead to greater collective entrepreneurial impact and sustainability
3 Have the strongest ever-evolving knowledge and solutions for accelerating the economic impact of entrepreneurs and building entrepreneurial ecosystems
4 Offer a unique world-class set of programs for engaging with and accelerating results of minority and female entrepreneurs as well as an intentional approach to developing inclusive ecosystems
5 Organize to generate significant increased resources
Planning for the Future
11
Building Partnerships
12
Our partnership philosophy is to work together to achieve your
desired community business or philanthropic objectives
Entrepreneurial Signature Program
More than 600 entrepreneurs approach JumpStart and our ESP partners annually for support As a result wersquore
bull Implementing a new assessment continuum and service methodology enabling even more efficient use of resources and increased speed-to-outcomes for all entrepreneurial clients
bull Developing online learning and educational events to support entrepreneurs furthest from outcomes
bull Scaling the Burton D Morgan Mentoring Program
bull Expanding talent recruiting services to make them even more available to growing Northeast Ohio companies
bull Enhancing services to help companies attract follow-on funding and first customers
Delivering Coordinated High-Impact Assistance
ldquoWe wouldnt exist without JumpStartrdquo ndashLaura Bennett Embrace Pet Insurance
13
We Manage amp are part of a connected Network
14
A Coordinated Startup Network
Connected To A Larger System
15
PRISM is about Growth
Revenue Growth
Job Growth
Regional Economic Growth
Enabling growth at SMMs can lead to significant revenue and job growth in
Northeast Ohio
6900 Manufacturers in NEO 141 of regionrsquos
employment 190 of GRP 234 of regionrsquos wages 405 of Ohiorsquos
manufacturing employment
16
Through a network of EDOs research agencies amp labs higher education institutions manufacturers and other partners Northeast Ohio is
1 Home to many growing manufacturing companies 2 Emerging as a hotbed of talent3 Attracting manufacturing companies from elsewhere
ldquoGame-Changingrdquo Vision
17
Northeast Ohio is Internationally Renowned as a Center of Excellence in Manufacturing Education and Product Innovation
The Partnership for Regional Innovation Services to Manufacturers (PRISM) seeks to establish Northeast Ohio as a global center of excellence in
manufacturing innovation
Objective Drive regional economic growth from small-to-mid-sized manufacturers (SMMs) through three core strategies
Target SMMs as an untapped source of economic growth
Assist critical mass of SMMs in applying resources of the region in growth projects
Leverage the lessons learned from these engagements to develop sustainable more powerful resources to catalyze growth in the broader sector
What does PRISM do
SMMs account for more than 45 of activity in $30 Billion+ NEO manufacturing sector but their full growth potential is not being realized
18
Letrsquos Partner In New Ways to Leverage Innovation Into
NEO Economic Growth
Ray Leach CEOrayleachjumpstartincorg
- How Innovation is Accelerating NEOs Economic Future
- Slide 2
- That Explains A lot about NEOhellip
- NOT ALL COMPANIES CONTRIBUTE EQUALLY
- Slide 5
- Slide 6
- Focused on Northeast Ohio
- Specialized Services amp Resources
- Slide 9
- Capital Revenues Jobs
- Our Organizationrsquos Goals
- Building Partnerships
- Entrepreneurial Signature Program
- We Manage amp are part of a connected Network
- Slide 15
- PRISM is about Growth
- Slide 17
- Slide 18
- Letrsquos Partner In New Ways to Leverage Innovation Into NEO Econo
-
9
economic impact of NE Ohio startups on the entire state
Impact of Supported Companies
Capital Revenues Jobs Clients Are Measurably Contributing to NEOrsquos Economic
Vitality
revenue generated by client companies
in 2012
jobs created and sustained by client
companies
follow-on capital collectively raised by
clients
10JumpStartrsquos clients
JumpStartrsquos clients
JumpStartrsquos clients
Our Organizationrsquos Goals
Increase the economic impact and ensure the sustainability of JumpStartrsquos work while reducing our dependence on current Northeast Ohio charitable supporters
1 Deliver economic results that impact startup and high-potential firms
2 Build partnerships that lead to greater collective entrepreneurial impact and sustainability
3 Have the strongest ever-evolving knowledge and solutions for accelerating the economic impact of entrepreneurs and building entrepreneurial ecosystems
4 Offer a unique world-class set of programs for engaging with and accelerating results of minority and female entrepreneurs as well as an intentional approach to developing inclusive ecosystems
5 Organize to generate significant increased resources
Planning for the Future
11
Building Partnerships
12
Our partnership philosophy is to work together to achieve your
desired community business or philanthropic objectives
Entrepreneurial Signature Program
More than 600 entrepreneurs approach JumpStart and our ESP partners annually for support As a result wersquore
bull Implementing a new assessment continuum and service methodology enabling even more efficient use of resources and increased speed-to-outcomes for all entrepreneurial clients
bull Developing online learning and educational events to support entrepreneurs furthest from outcomes
bull Scaling the Burton D Morgan Mentoring Program
bull Expanding talent recruiting services to make them even more available to growing Northeast Ohio companies
bull Enhancing services to help companies attract follow-on funding and first customers
Delivering Coordinated High-Impact Assistance
ldquoWe wouldnt exist without JumpStartrdquo ndashLaura Bennett Embrace Pet Insurance
13
We Manage amp are part of a connected Network
14
A Coordinated Startup Network
Connected To A Larger System
15
PRISM is about Growth
Revenue Growth
Job Growth
Regional Economic Growth
Enabling growth at SMMs can lead to significant revenue and job growth in
Northeast Ohio
6900 Manufacturers in NEO 141 of regionrsquos
employment 190 of GRP 234 of regionrsquos wages 405 of Ohiorsquos
manufacturing employment
16
Through a network of EDOs research agencies amp labs higher education institutions manufacturers and other partners Northeast Ohio is
1 Home to many growing manufacturing companies 2 Emerging as a hotbed of talent3 Attracting manufacturing companies from elsewhere
ldquoGame-Changingrdquo Vision
17
Northeast Ohio is Internationally Renowned as a Center of Excellence in Manufacturing Education and Product Innovation
The Partnership for Regional Innovation Services to Manufacturers (PRISM) seeks to establish Northeast Ohio as a global center of excellence in
manufacturing innovation
Objective Drive regional economic growth from small-to-mid-sized manufacturers (SMMs) through three core strategies
Target SMMs as an untapped source of economic growth
Assist critical mass of SMMs in applying resources of the region in growth projects
Leverage the lessons learned from these engagements to develop sustainable more powerful resources to catalyze growth in the broader sector
What does PRISM do
SMMs account for more than 45 of activity in $30 Billion+ NEO manufacturing sector but their full growth potential is not being realized
18
Letrsquos Partner In New Ways to Leverage Innovation Into
NEO Economic Growth
Ray Leach CEOrayleachjumpstartincorg
- How Innovation is Accelerating NEOs Economic Future
- Slide 2
- That Explains A lot about NEOhellip
- NOT ALL COMPANIES CONTRIBUTE EQUALLY
- Slide 5
- Slide 6
- Focused on Northeast Ohio
- Specialized Services amp Resources
- Slide 9
- Capital Revenues Jobs
- Our Organizationrsquos Goals
- Building Partnerships
- Entrepreneurial Signature Program
- We Manage amp are part of a connected Network
- Slide 15
- PRISM is about Growth
- Slide 17
- Slide 18
- Letrsquos Partner In New Ways to Leverage Innovation Into NEO Econo
-
Capital Revenues Jobs Clients Are Measurably Contributing to NEOrsquos Economic
Vitality
revenue generated by client companies
in 2012
jobs created and sustained by client
companies
follow-on capital collectively raised by
clients
10JumpStartrsquos clients
JumpStartrsquos clients
JumpStartrsquos clients
Our Organizationrsquos Goals
Increase the economic impact and ensure the sustainability of JumpStartrsquos work while reducing our dependence on current Northeast Ohio charitable supporters
1 Deliver economic results that impact startup and high-potential firms
2 Build partnerships that lead to greater collective entrepreneurial impact and sustainability
3 Have the strongest ever-evolving knowledge and solutions for accelerating the economic impact of entrepreneurs and building entrepreneurial ecosystems
4 Offer a unique world-class set of programs for engaging with and accelerating results of minority and female entrepreneurs as well as an intentional approach to developing inclusive ecosystems
5 Organize to generate significant increased resources
Planning for the Future
11
Building Partnerships
12
Our partnership philosophy is to work together to achieve your
desired community business or philanthropic objectives
Entrepreneurial Signature Program
More than 600 entrepreneurs approach JumpStart and our ESP partners annually for support As a result wersquore
bull Implementing a new assessment continuum and service methodology enabling even more efficient use of resources and increased speed-to-outcomes for all entrepreneurial clients
bull Developing online learning and educational events to support entrepreneurs furthest from outcomes
bull Scaling the Burton D Morgan Mentoring Program
bull Expanding talent recruiting services to make them even more available to growing Northeast Ohio companies
bull Enhancing services to help companies attract follow-on funding and first customers
Delivering Coordinated High-Impact Assistance
ldquoWe wouldnt exist without JumpStartrdquo ndashLaura Bennett Embrace Pet Insurance
13
We Manage amp are part of a connected Network
14
A Coordinated Startup Network
Connected To A Larger System
15
PRISM is about Growth
Revenue Growth
Job Growth
Regional Economic Growth
Enabling growth at SMMs can lead to significant revenue and job growth in
Northeast Ohio
6900 Manufacturers in NEO 141 of regionrsquos
employment 190 of GRP 234 of regionrsquos wages 405 of Ohiorsquos
manufacturing employment
16
Through a network of EDOs research agencies amp labs higher education institutions manufacturers and other partners Northeast Ohio is
1 Home to many growing manufacturing companies 2 Emerging as a hotbed of talent3 Attracting manufacturing companies from elsewhere
ldquoGame-Changingrdquo Vision
17
Northeast Ohio is Internationally Renowned as a Center of Excellence in Manufacturing Education and Product Innovation
The Partnership for Regional Innovation Services to Manufacturers (PRISM) seeks to establish Northeast Ohio as a global center of excellence in
manufacturing innovation
Objective Drive regional economic growth from small-to-mid-sized manufacturers (SMMs) through three core strategies
Target SMMs as an untapped source of economic growth
Assist critical mass of SMMs in applying resources of the region in growth projects
Leverage the lessons learned from these engagements to develop sustainable more powerful resources to catalyze growth in the broader sector
What does PRISM do
SMMs account for more than 45 of activity in $30 Billion+ NEO manufacturing sector but their full growth potential is not being realized
18
Letrsquos Partner In New Ways to Leverage Innovation Into
NEO Economic Growth
Ray Leach CEOrayleachjumpstartincorg
- How Innovation is Accelerating NEOs Economic Future
- Slide 2
- That Explains A lot about NEOhellip
- NOT ALL COMPANIES CONTRIBUTE EQUALLY
- Slide 5
- Slide 6
- Focused on Northeast Ohio
- Specialized Services amp Resources
- Slide 9
- Capital Revenues Jobs
- Our Organizationrsquos Goals
- Building Partnerships
- Entrepreneurial Signature Program
- We Manage amp are part of a connected Network
- Slide 15
- PRISM is about Growth
- Slide 17
- Slide 18
- Letrsquos Partner In New Ways to Leverage Innovation Into NEO Econo
-
Our Organizationrsquos Goals
Increase the economic impact and ensure the sustainability of JumpStartrsquos work while reducing our dependence on current Northeast Ohio charitable supporters
1 Deliver economic results that impact startup and high-potential firms
2 Build partnerships that lead to greater collective entrepreneurial impact and sustainability
3 Have the strongest ever-evolving knowledge and solutions for accelerating the economic impact of entrepreneurs and building entrepreneurial ecosystems
4 Offer a unique world-class set of programs for engaging with and accelerating results of minority and female entrepreneurs as well as an intentional approach to developing inclusive ecosystems
5 Organize to generate significant increased resources
Planning for the Future
11
Building Partnerships
12
Our partnership philosophy is to work together to achieve your
desired community business or philanthropic objectives
Entrepreneurial Signature Program
More than 600 entrepreneurs approach JumpStart and our ESP partners annually for support As a result wersquore
bull Implementing a new assessment continuum and service methodology enabling even more efficient use of resources and increased speed-to-outcomes for all entrepreneurial clients
bull Developing online learning and educational events to support entrepreneurs furthest from outcomes
bull Scaling the Burton D Morgan Mentoring Program
bull Expanding talent recruiting services to make them even more available to growing Northeast Ohio companies
bull Enhancing services to help companies attract follow-on funding and first customers
Delivering Coordinated High-Impact Assistance
ldquoWe wouldnt exist without JumpStartrdquo ndashLaura Bennett Embrace Pet Insurance
13
We Manage amp are part of a connected Network
14
A Coordinated Startup Network
Connected To A Larger System
15
PRISM is about Growth
Revenue Growth
Job Growth
Regional Economic Growth
Enabling growth at SMMs can lead to significant revenue and job growth in
Northeast Ohio
6900 Manufacturers in NEO 141 of regionrsquos
employment 190 of GRP 234 of regionrsquos wages 405 of Ohiorsquos
manufacturing employment
16
Through a network of EDOs research agencies amp labs higher education institutions manufacturers and other partners Northeast Ohio is
1 Home to many growing manufacturing companies 2 Emerging as a hotbed of talent3 Attracting manufacturing companies from elsewhere
ldquoGame-Changingrdquo Vision
17
Northeast Ohio is Internationally Renowned as a Center of Excellence in Manufacturing Education and Product Innovation
The Partnership for Regional Innovation Services to Manufacturers (PRISM) seeks to establish Northeast Ohio as a global center of excellence in
manufacturing innovation
Objective Drive regional economic growth from small-to-mid-sized manufacturers (SMMs) through three core strategies
Target SMMs as an untapped source of economic growth
Assist critical mass of SMMs in applying resources of the region in growth projects
Leverage the lessons learned from these engagements to develop sustainable more powerful resources to catalyze growth in the broader sector
What does PRISM do
SMMs account for more than 45 of activity in $30 Billion+ NEO manufacturing sector but their full growth potential is not being realized
18
Letrsquos Partner In New Ways to Leverage Innovation Into
NEO Economic Growth
Ray Leach CEOrayleachjumpstartincorg
- How Innovation is Accelerating NEOs Economic Future
- Slide 2
- That Explains A lot about NEOhellip
- NOT ALL COMPANIES CONTRIBUTE EQUALLY
- Slide 5
- Slide 6
- Focused on Northeast Ohio
- Specialized Services amp Resources
- Slide 9
- Capital Revenues Jobs
- Our Organizationrsquos Goals
- Building Partnerships
- Entrepreneurial Signature Program
- We Manage amp are part of a connected Network
- Slide 15
- PRISM is about Growth
- Slide 17
- Slide 18
- Letrsquos Partner In New Ways to Leverage Innovation Into NEO Econo
-
Building Partnerships
12
Our partnership philosophy is to work together to achieve your
desired community business or philanthropic objectives
Entrepreneurial Signature Program
More than 600 entrepreneurs approach JumpStart and our ESP partners annually for support As a result wersquore
bull Implementing a new assessment continuum and service methodology enabling even more efficient use of resources and increased speed-to-outcomes for all entrepreneurial clients
bull Developing online learning and educational events to support entrepreneurs furthest from outcomes
bull Scaling the Burton D Morgan Mentoring Program
bull Expanding talent recruiting services to make them even more available to growing Northeast Ohio companies
bull Enhancing services to help companies attract follow-on funding and first customers
Delivering Coordinated High-Impact Assistance
ldquoWe wouldnt exist without JumpStartrdquo ndashLaura Bennett Embrace Pet Insurance
13
We Manage amp are part of a connected Network
14
A Coordinated Startup Network
Connected To A Larger System
15
PRISM is about Growth
Revenue Growth
Job Growth
Regional Economic Growth
Enabling growth at SMMs can lead to significant revenue and job growth in
Northeast Ohio
6900 Manufacturers in NEO 141 of regionrsquos
employment 190 of GRP 234 of regionrsquos wages 405 of Ohiorsquos
manufacturing employment
16
Through a network of EDOs research agencies amp labs higher education institutions manufacturers and other partners Northeast Ohio is
1 Home to many growing manufacturing companies 2 Emerging as a hotbed of talent3 Attracting manufacturing companies from elsewhere
ldquoGame-Changingrdquo Vision
17
Northeast Ohio is Internationally Renowned as a Center of Excellence in Manufacturing Education and Product Innovation
The Partnership for Regional Innovation Services to Manufacturers (PRISM) seeks to establish Northeast Ohio as a global center of excellence in
manufacturing innovation
Objective Drive regional economic growth from small-to-mid-sized manufacturers (SMMs) through three core strategies
Target SMMs as an untapped source of economic growth
Assist critical mass of SMMs in applying resources of the region in growth projects
Leverage the lessons learned from these engagements to develop sustainable more powerful resources to catalyze growth in the broader sector
What does PRISM do
SMMs account for more than 45 of activity in $30 Billion+ NEO manufacturing sector but their full growth potential is not being realized
18
Letrsquos Partner In New Ways to Leverage Innovation Into
NEO Economic Growth
Ray Leach CEOrayleachjumpstartincorg
- How Innovation is Accelerating NEOs Economic Future
- Slide 2
- That Explains A lot about NEOhellip
- NOT ALL COMPANIES CONTRIBUTE EQUALLY
- Slide 5
- Slide 6
- Focused on Northeast Ohio
- Specialized Services amp Resources
- Slide 9
- Capital Revenues Jobs
- Our Organizationrsquos Goals
- Building Partnerships
- Entrepreneurial Signature Program
- We Manage amp are part of a connected Network
- Slide 15
- PRISM is about Growth
- Slide 17
- Slide 18
- Letrsquos Partner In New Ways to Leverage Innovation Into NEO Econo
-
Entrepreneurial Signature Program
More than 600 entrepreneurs approach JumpStart and our ESP partners annually for support As a result wersquore
bull Implementing a new assessment continuum and service methodology enabling even more efficient use of resources and increased speed-to-outcomes for all entrepreneurial clients
bull Developing online learning and educational events to support entrepreneurs furthest from outcomes
bull Scaling the Burton D Morgan Mentoring Program
bull Expanding talent recruiting services to make them even more available to growing Northeast Ohio companies
bull Enhancing services to help companies attract follow-on funding and first customers
Delivering Coordinated High-Impact Assistance
ldquoWe wouldnt exist without JumpStartrdquo ndashLaura Bennett Embrace Pet Insurance
13
We Manage amp are part of a connected Network
14
A Coordinated Startup Network
Connected To A Larger System
15
PRISM is about Growth
Revenue Growth
Job Growth
Regional Economic Growth
Enabling growth at SMMs can lead to significant revenue and job growth in
Northeast Ohio
6900 Manufacturers in NEO 141 of regionrsquos
employment 190 of GRP 234 of regionrsquos wages 405 of Ohiorsquos
manufacturing employment
16
Through a network of EDOs research agencies amp labs higher education institutions manufacturers and other partners Northeast Ohio is
1 Home to many growing manufacturing companies 2 Emerging as a hotbed of talent3 Attracting manufacturing companies from elsewhere
ldquoGame-Changingrdquo Vision
17
Northeast Ohio is Internationally Renowned as a Center of Excellence in Manufacturing Education and Product Innovation
The Partnership for Regional Innovation Services to Manufacturers (PRISM) seeks to establish Northeast Ohio as a global center of excellence in
manufacturing innovation
Objective Drive regional economic growth from small-to-mid-sized manufacturers (SMMs) through three core strategies
Target SMMs as an untapped source of economic growth
Assist critical mass of SMMs in applying resources of the region in growth projects
Leverage the lessons learned from these engagements to develop sustainable more powerful resources to catalyze growth in the broader sector
What does PRISM do
SMMs account for more than 45 of activity in $30 Billion+ NEO manufacturing sector but their full growth potential is not being realized
18
Letrsquos Partner In New Ways to Leverage Innovation Into
NEO Economic Growth
Ray Leach CEOrayleachjumpstartincorg
- How Innovation is Accelerating NEOs Economic Future
- Slide 2
- That Explains A lot about NEOhellip
- NOT ALL COMPANIES CONTRIBUTE EQUALLY
- Slide 5
- Slide 6
- Focused on Northeast Ohio
- Specialized Services amp Resources
- Slide 9
- Capital Revenues Jobs
- Our Organizationrsquos Goals
- Building Partnerships
- Entrepreneurial Signature Program
- We Manage amp are part of a connected Network
- Slide 15
- PRISM is about Growth
- Slide 17
- Slide 18
- Letrsquos Partner In New Ways to Leverage Innovation Into NEO Econo
-
We Manage amp are part of a connected Network
14
A Coordinated Startup Network
Connected To A Larger System
15
PRISM is about Growth
Revenue Growth
Job Growth
Regional Economic Growth
Enabling growth at SMMs can lead to significant revenue and job growth in
Northeast Ohio
6900 Manufacturers in NEO 141 of regionrsquos
employment 190 of GRP 234 of regionrsquos wages 405 of Ohiorsquos
manufacturing employment
16
Through a network of EDOs research agencies amp labs higher education institutions manufacturers and other partners Northeast Ohio is
1 Home to many growing manufacturing companies 2 Emerging as a hotbed of talent3 Attracting manufacturing companies from elsewhere
ldquoGame-Changingrdquo Vision
17
Northeast Ohio is Internationally Renowned as a Center of Excellence in Manufacturing Education and Product Innovation
The Partnership for Regional Innovation Services to Manufacturers (PRISM) seeks to establish Northeast Ohio as a global center of excellence in
manufacturing innovation
Objective Drive regional economic growth from small-to-mid-sized manufacturers (SMMs) through three core strategies
Target SMMs as an untapped source of economic growth
Assist critical mass of SMMs in applying resources of the region in growth projects
Leverage the lessons learned from these engagements to develop sustainable more powerful resources to catalyze growth in the broader sector
What does PRISM do
SMMs account for more than 45 of activity in $30 Billion+ NEO manufacturing sector but their full growth potential is not being realized
18
Letrsquos Partner In New Ways to Leverage Innovation Into
NEO Economic Growth
Ray Leach CEOrayleachjumpstartincorg
- How Innovation is Accelerating NEOs Economic Future
- Slide 2
- That Explains A lot about NEOhellip
- NOT ALL COMPANIES CONTRIBUTE EQUALLY
- Slide 5
- Slide 6
- Focused on Northeast Ohio
- Specialized Services amp Resources
- Slide 9
- Capital Revenues Jobs
- Our Organizationrsquos Goals
- Building Partnerships
- Entrepreneurial Signature Program
- We Manage amp are part of a connected Network
- Slide 15
- PRISM is about Growth
- Slide 17
- Slide 18
- Letrsquos Partner In New Ways to Leverage Innovation Into NEO Econo
-
Connected To A Larger System
15
PRISM is about Growth
Revenue Growth
Job Growth
Regional Economic Growth
Enabling growth at SMMs can lead to significant revenue and job growth in
Northeast Ohio
6900 Manufacturers in NEO 141 of regionrsquos
employment 190 of GRP 234 of regionrsquos wages 405 of Ohiorsquos
manufacturing employment
16
Through a network of EDOs research agencies amp labs higher education institutions manufacturers and other partners Northeast Ohio is
1 Home to many growing manufacturing companies 2 Emerging as a hotbed of talent3 Attracting manufacturing companies from elsewhere
ldquoGame-Changingrdquo Vision
17
Northeast Ohio is Internationally Renowned as a Center of Excellence in Manufacturing Education and Product Innovation
The Partnership for Regional Innovation Services to Manufacturers (PRISM) seeks to establish Northeast Ohio as a global center of excellence in
manufacturing innovation
Objective Drive regional economic growth from small-to-mid-sized manufacturers (SMMs) through three core strategies
Target SMMs as an untapped source of economic growth
Assist critical mass of SMMs in applying resources of the region in growth projects
Leverage the lessons learned from these engagements to develop sustainable more powerful resources to catalyze growth in the broader sector
What does PRISM do
SMMs account for more than 45 of activity in $30 Billion+ NEO manufacturing sector but their full growth potential is not being realized
18
Letrsquos Partner In New Ways to Leverage Innovation Into
NEO Economic Growth
Ray Leach CEOrayleachjumpstartincorg
- How Innovation is Accelerating NEOs Economic Future
- Slide 2
- That Explains A lot about NEOhellip
- NOT ALL COMPANIES CONTRIBUTE EQUALLY
- Slide 5
- Slide 6
- Focused on Northeast Ohio
- Specialized Services amp Resources
- Slide 9
- Capital Revenues Jobs
- Our Organizationrsquos Goals
- Building Partnerships
- Entrepreneurial Signature Program
- We Manage amp are part of a connected Network
- Slide 15
- PRISM is about Growth
- Slide 17
- Slide 18
- Letrsquos Partner In New Ways to Leverage Innovation Into NEO Econo
-
PRISM is about Growth
Revenue Growth
Job Growth
Regional Economic Growth
Enabling growth at SMMs can lead to significant revenue and job growth in
Northeast Ohio
6900 Manufacturers in NEO 141 of regionrsquos
employment 190 of GRP 234 of regionrsquos wages 405 of Ohiorsquos
manufacturing employment
16
Through a network of EDOs research agencies amp labs higher education institutions manufacturers and other partners Northeast Ohio is
1 Home to many growing manufacturing companies 2 Emerging as a hotbed of talent3 Attracting manufacturing companies from elsewhere
ldquoGame-Changingrdquo Vision
17
Northeast Ohio is Internationally Renowned as a Center of Excellence in Manufacturing Education and Product Innovation
The Partnership for Regional Innovation Services to Manufacturers (PRISM) seeks to establish Northeast Ohio as a global center of excellence in
manufacturing innovation
Objective Drive regional economic growth from small-to-mid-sized manufacturers (SMMs) through three core strategies
Target SMMs as an untapped source of economic growth
Assist critical mass of SMMs in applying resources of the region in growth projects
Leverage the lessons learned from these engagements to develop sustainable more powerful resources to catalyze growth in the broader sector
What does PRISM do
SMMs account for more than 45 of activity in $30 Billion+ NEO manufacturing sector but their full growth potential is not being realized
18
Letrsquos Partner In New Ways to Leverage Innovation Into
NEO Economic Growth
Ray Leach CEOrayleachjumpstartincorg
- How Innovation is Accelerating NEOs Economic Future
- Slide 2
- That Explains A lot about NEOhellip
- NOT ALL COMPANIES CONTRIBUTE EQUALLY
- Slide 5
- Slide 6
- Focused on Northeast Ohio
- Specialized Services amp Resources
- Slide 9
- Capital Revenues Jobs
- Our Organizationrsquos Goals
- Building Partnerships
- Entrepreneurial Signature Program
- We Manage amp are part of a connected Network
- Slide 15
- PRISM is about Growth
- Slide 17
- Slide 18
- Letrsquos Partner In New Ways to Leverage Innovation Into NEO Econo
-
Through a network of EDOs research agencies amp labs higher education institutions manufacturers and other partners Northeast Ohio is
1 Home to many growing manufacturing companies 2 Emerging as a hotbed of talent3 Attracting manufacturing companies from elsewhere
ldquoGame-Changingrdquo Vision
17
Northeast Ohio is Internationally Renowned as a Center of Excellence in Manufacturing Education and Product Innovation
The Partnership for Regional Innovation Services to Manufacturers (PRISM) seeks to establish Northeast Ohio as a global center of excellence in
manufacturing innovation
Objective Drive regional economic growth from small-to-mid-sized manufacturers (SMMs) through three core strategies
Target SMMs as an untapped source of economic growth
Assist critical mass of SMMs in applying resources of the region in growth projects
Leverage the lessons learned from these engagements to develop sustainable more powerful resources to catalyze growth in the broader sector
What does PRISM do
SMMs account for more than 45 of activity in $30 Billion+ NEO manufacturing sector but their full growth potential is not being realized
18
Letrsquos Partner In New Ways to Leverage Innovation Into
NEO Economic Growth
Ray Leach CEOrayleachjumpstartincorg
- How Innovation is Accelerating NEOs Economic Future
- Slide 2
- That Explains A lot about NEOhellip
- NOT ALL COMPANIES CONTRIBUTE EQUALLY
- Slide 5
- Slide 6
- Focused on Northeast Ohio
- Specialized Services amp Resources
- Slide 9
- Capital Revenues Jobs
- Our Organizationrsquos Goals
- Building Partnerships
- Entrepreneurial Signature Program
- We Manage amp are part of a connected Network
- Slide 15
- PRISM is about Growth
- Slide 17
- Slide 18
- Letrsquos Partner In New Ways to Leverage Innovation Into NEO Econo
-
The Partnership for Regional Innovation Services to Manufacturers (PRISM) seeks to establish Northeast Ohio as a global center of excellence in
manufacturing innovation
Objective Drive regional economic growth from small-to-mid-sized manufacturers (SMMs) through three core strategies
Target SMMs as an untapped source of economic growth
Assist critical mass of SMMs in applying resources of the region in growth projects
Leverage the lessons learned from these engagements to develop sustainable more powerful resources to catalyze growth in the broader sector
What does PRISM do
SMMs account for more than 45 of activity in $30 Billion+ NEO manufacturing sector but their full growth potential is not being realized
18
Letrsquos Partner In New Ways to Leverage Innovation Into
NEO Economic Growth
Ray Leach CEOrayleachjumpstartincorg
- How Innovation is Accelerating NEOs Economic Future
- Slide 2
- That Explains A lot about NEOhellip
- NOT ALL COMPANIES CONTRIBUTE EQUALLY
- Slide 5
- Slide 6
- Focused on Northeast Ohio
- Specialized Services amp Resources
- Slide 9
- Capital Revenues Jobs
- Our Organizationrsquos Goals
- Building Partnerships
- Entrepreneurial Signature Program
- We Manage amp are part of a connected Network
- Slide 15
- PRISM is about Growth
- Slide 17
- Slide 18
- Letrsquos Partner In New Ways to Leverage Innovation Into NEO Econo
-
Letrsquos Partner In New Ways to Leverage Innovation Into
NEO Economic Growth
Ray Leach CEOrayleachjumpstartincorg
- How Innovation is Accelerating NEOs Economic Future
- Slide 2
- That Explains A lot about NEOhellip
- NOT ALL COMPANIES CONTRIBUTE EQUALLY
- Slide 5
- Slide 6
- Focused on Northeast Ohio
- Specialized Services amp Resources
- Slide 9
- Capital Revenues Jobs
- Our Organizationrsquos Goals
- Building Partnerships
- Entrepreneurial Signature Program
- We Manage amp are part of a connected Network
- Slide 15
- PRISM is about Growth
- Slide 17
- Slide 18
- Letrsquos Partner In New Ways to Leverage Innovation Into NEO Econo
-