Dayton Development Coalition
(DDC) is launching a series of new programs aimed at promoting and supporting entrepreneurship in the Gem City.
Joel Ivers, Vice President of Entrepreneurial Development at the DDC, describes how his organization plans to work with Dayton’s entrepreneurial community. He notes meetings with community leaders, the creation of an entrepreneurial ecosystem database to help startups better connect, and a fundraising effort to raise $10 million in seed funding for new startups.
The operation is best summed up as a community-wide effort to bring more innovation and startup activity to Dayton. Ivers lists partner organizations such as TECDayton
, the University of Dayton Research Institute
, Wright State University
, Central State University
, Sinclair Community College
, Wright Brothers Institute
and various economic development organizations throughout the region. “Also, some entrepreneurs themselves are working with us to lead and provide support for all activities,” says Ivers.
In the early stages, it’s difficult to say what the economic impact will be even though “most initiatives have already begun.” But Ivers and his colleagues are confident these new programs will play a significant role in Dayton’s comeback as a startup-friendly city, provided their fundraising efforts are successful. “When funding is finalized, we will create goals for jobs and revenue,” Ivers notes.
Though news of these efforts is just coming out, DDC is not waiting around for progress.
“The goal is to launch the fund by the end of September,” Ivers explains. “And [we] expect to close the fund before the end of the year.”
Source: Joel Ivers
Writer: Joe Baur