Jumpstart Inc.
|
Location |
Cleveland, OH |
|
|---|---|---|
|
Project Name |
The JumpStart MedTech Fund |
|
|
Program |
Seed Fund Support |
|
|
Award Amount |
Federal Share |
Non-Federal Share |
|
$300,000.00 |
$300,000.00 |
JumpStart will create a $30-$35M JS MedTech Fund focused on biomedical devices, diagnostics and healthcare IT startups in the Northeast Ohio region in an effort to fill an early-stage capital gap estimated to be as large as $392M in 2014. JumpStart anticipates making 20-25 seed stage investments ranging from $100K to $2M and estimates five-year impacts to include $125m in follow-on investment capital, 25 new business starts, and 210 direct jobs.