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open innovation can help ohio companies to achieve success

In today's world of widely distributed knowledge, companies can no longer afford to rely entirely on their own research. Many large companies are now using open innovation, or the adoption of external ideas and processes, to help solve business problems. Now, with the aid of a new program, help is available to assist middle market companies in adopting open innovation practices, as well.

ohio's angel investors answer the prayers of early stage companies

Angel investors play a key role in providing funding and technical assistance to startup companies once funds from friends, families and founders have been exhausted and before venture capital becomes a real option. Across Ohio, increasingly vibrant networks of angel investors are closing the gap, thus facilitating the growth of some of the state's most successful new companies.

AOL founder Steve Case touts Ohio's innovation economy as an example of the 'rise of the rest'

Steve Case recently came to Cleveland to address entrepreneurial leaders from across the country who had gathered for the National Association of Seed and Venture Funds conference. After praising Ohio's innovation economy, he said that the key to creating more jobs in the U.S. is to support entrepreneurs and high-growth companies and argued policy leaders need to do more to spur innovation.

creation and collaboration: how ohio's startup weekends can bolster local economies

Startup Weekends are intensive, 54-hour events for aspiring entrepreneurs. Fueled by passion, the presence of other innovators and plenty of coffee, would-be founders work in teams to develop their ideas, incorporate feedback from mentors and bring home prizes. Across Ohio, Startup Weekend events are taking hold and creating communities of entrepreneurs -- and even successful companies.

national conference will highlight investment opportunities in ohio

It's never been easier to validate an idea and launch a new company. Yet access to capital remains a critical issue for entrepreneurs. The upcoming National Association of Seed and Venture Funds Conference, to be held in Cleveland from October 15th-17th, will bring together a community of aspiring entrepeneurs and investors to explore ways to advance innovation capital.

great lakes venture fair will showcase ohio tech startups

On the heels of London's breathtaking Olympic Games comes the Elevator Pitch Olympics. Startup companies will soon have the chance to pitch their ideas to venture capitalists for about as long as it takes to ride an elevator to the 50th floor. That's just one of the events at the upcoming Great Lakes Venture Fair, which takes place October 15th-17th in Cleveland.

the audacity of the talent dividend

The communities competing for the $1 million Talent Dividend Prize have a modest goal: boosting the number of college degrees in their city by one percentage point. If every participating city meets that goal, it could raise national earnings by a stunning $124 billion.

viewing ohio cities as startups

What if we viewed Ohio cities as startups? "The ingredients for a successful startup and a successful city are remarkably similar," argues tech blogger Jon Bischke. You need to build stuff that people want. You need to attract talent. And you need capital to get your fledgling ideas to a point of sustainability.

new law opens the door to more craft distilleries

One of the most widely read Fresh Water Cleveland  features was a story on Ohio's burgeoning craft distillery trend. But it wasn't all good news: As it stood at the time of publication, only one permit was allowed in each of Cuyahoga, Franklin and Hamilton counties. What's more, those few permit holders could distill but not sell their wares on-site. A new law eliminates the restrictions on the number of permits while enabling holders to sell their products directly to consumers.

inspired by ohio third frontier, national group relocates offices to lorain county community college

A not-so-quiet revolution is taking place at the Entrepreneurship Innovation Center at Lorain County Community College. The organizations and companies located here are helping to propel Ohio's innovation economy forward. Now its newest tenant, the National Association of Seed and Venture Funds, is launching educational programs and a national conference to build on the momentum.

from wall street to main street: will equity-based crowdfunding help to grow ohio startups?

Equity-based crowdfunding will allow everyone the opportunity to become a venture capitalist. But is this a good thing? Remember the dot-com bubble that burst in the 1990s? Yet while crowdfunding brings a certain amount of risk, even skeptics say that it has the potential to bring an important source of new capital to Ohio. The emerging phenomenon could also empower a new class of investors.

collaboration in ohio aerospace industry leads towards global leadership

Ohio's aerospace industry is one of the strongest in the country, yet its continued prominence is by no means assured. In the past few years, fierce global competition, rapid industry change and a fragmented business sector were real threats to our ongoing success. Yet now, the newly-created Ohio Aerospace and Aviation Council is offering a unified voice for the industry and creating a platform for continued growth.

Community colleges power transition to new economy jobs

Josh LaBonte can make a claim few graduating college students can these days: When he walks through Lorain County Community College's commencement later this month, he has two jobs waiting.

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