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jumpstart's entrepreneur expo showcases 'what's next in neo'

Developing Cleveland area businesses showed off their ideas, technologies and talents at the 2012 Northeast Ohio Entrepreneurial Expo and JumpStart Community Meeting on Tuesday, November 13 from 1 to 5:40 p.m. at CSU’s Wolstein Center.
 
“The theme is, ‘What’s next Northeast Ohio,’” says Samantha Fryberger, JumpStart director of communications. “The idea being, a lot of companies are really early in their development.”
 
The expo featured 96 area tech startups as well as 32 support organizations, such as Bizdom, Youngstown Business Incubator, Shaker LaunchHouse, Akron ARCHAngels and Ohio Aerospace Institute. Nine student companies were also featured, one of which will be presented with an award at the event’s close.
 
The showcase was followed by a panel discussion featuring success stories of area companies that have grown into multi-million dollar businesses. “[These are] some of the biggest success stories who have merged, sold, been bought out or exited,” explains Fryberger.
 
Goldman Sachs representatives talked about its 10,000 Small Businesses program, followed by an announcement of JumpStart’s newest portfolio companies.
 
And of course, investors were also on hand to see what the next great thing is in the region. Fryberger says 25 investors attended the event last year, and she expected the same this year.
 
“It’s a little bit of everything,” says Fryberger. “It’s an opportunity to network. There are some of these companies who could help each other quite a bit. And if you’re very early in development, this is your first opportunity for exposure.”

 
Source: Samantha Fryberger
Writer: Karin Connelly

ed tech idea challenge grant program launches to support entrepreneurs

Turning Technologies and the Youngstown Business Incubator (YBI) have launched the Ed Tech Idea Challenge Grant Program to support entrepreneurs with a passion for transforming education through innovation.
 
“The Ed Tech Idea Challenge Grant is a collaborative effort,” explains John Wilson, Director of Turning Foundation, an organization that aims to discover where the next great educational technology will come from and how the idea can become a marketable reality. Winning applicants of this annual competitive grant will receive up to $20,000 and access to YBI’s intellectual capital in support of starting up a business and developing an idea. The deadline to apply is Friday, December 14th at 4:30pm.

YBI has two of the nation's leading companies in the ed tech field -- Turning Technologies and Lightning Grader. Using compeition to spur innovation is the obvious next step, which Wilson and his staff believe could be the catalyst for invention.
 
“One of the exciting aspects of this kind of competition is that the truly innovative concepts are not something we are necessarily thinking about at this moment,” he says. “While I’m sure we will see iterations around possible mobile apps and digital content platforms for education, we also anticipate some ideas that are just not on the radar screen right now.”
 
The collaborative program will thrust aspiring entrepreneurs into the unpredictable waters of starting an enterprise from scratch, giving immediate real-life experience to tomorrow’s innovators.
 
“The entrepreneur will experience the ups and downs of developing a concept into a marketable product,” explains Wilson. “They will be surrounded by individuals at YBI at different phases of the same experience, and the collective wisdom, experience and support network will be valuable.”     
 
 
Source: John Wilson
Writer: Joe Baur

two clevelanders recognized in the tie ohio international entrepreneur awards

TiE Ohio will recognize international entrepreneurs at its awards ceremony on Thursday, Sept. 20. Two Cleveland business executives, Jose Feliciano and Wayne Duigan, will be honored.
 
TiE Ohio is a resource for entrepreneurs to network and find mentors for their businesses. This event recognizes immigrant and American-born entrepreneurs who have taken their businesses to an international level.

“Entrepreneurs have the passion, the dream and they are willing to put themselves all in,” says Joe Cole, executive director of TiE Ohio. “We want to reward the entrepreneurs who are going global.”
 
Jose Feliciano, a trial lawyer with BakerHostetler, will receive the Community Catalyst Award. The award recognizes people who have supported immigrant entrepreneurs. “He’s really been in the forefront of advocacy of the immigrant entrepreneur,” adds Cole. “He has a predisposition to being an entrepreneur.”
 
Feliciano is the founder and chair of the Hispanic Roundtable, is former chairman of the Hispanic Leadership Development Program, founder of the Hispanic Community Forum and was a founder of the Ohio Hispanic Bar Association. He also hosts the monthly talk show, El Sol de Cleveland. “He’s really been out in the forefront,” says Cole.
 
Wayne Duigan, director international sales for Horizons, Inc. is nominated for the Global Entrepreneur award. “He has significantly grown Horizons’ global presence,” Cole notes. “They’ve really done a great job in establishing an international presence.”
 
The event will be held at the Ariel International Center at 5:30 p.m. Mark Kvamme, president and CIO of JobsOhio, will be the keynote speaker. 

 
Source: Joe Cole
Writer: Karin Connelly

new somolaunch competition to award 5k to small business with big idea

SoMoLend, the Cincinnati-based online peer-to-peer lending site, has launched a new small business competition. The winner gets $5,000 to help fund a new idea.

SoMoLaunch is the lender's first business competition. Participants have until Sept. 30 to apply at the SoMoLend website.
The winning company will receive:
  • $5,000 in cash
  • National publicity
  • A mentoring session with SoMoLend founder Candace Klein
“There are so many talented entrepreneurs out there with fantastic business ideas, but gaining financing might be the hardest obstacle they face," says Klein in an announcement. "We want to encourage innovation and recognize small business owners and their hard work. This is our way of lending a hand to the entrepreneurial community.” 

The prize can be used for business expansion, equipment upgrades, promotional materials or other growth needs.
Eligibility is based on a number of factors. Applicant businesses must be incorporated as a corporation or LLC, and submit a loan application.

Other entry requirements include a fully developed business plan, completion of all sections of the SoMoLend application with contributions from all company owners, completed financial statements and financial projections, a viable business model and evidence of research.

By Feoshia H. Davis
Follow Feoshia on Twitter


check ohio first helps companies and organizations buy and sell locally

The Ohio Department of Development wants to help companies and organizations buy and sell their products locally across the state. 

Check Ohio First is a free and easy-to-use online program to promote contracting with and between Ohio businesses. “Both suppliers and buyers enter brief profiles into the Check Ohio First directory, which can then be searched by Check Ohio First members,” explains Wendy Boortz, Program Manager. “The program automatically matches buyers and suppliers by industry codes.”

“Check Ohio First celebrates the strength of Ohio businesses,” said Christine Schmenk, Director of ODOD, in a news release. “Ohio buyers like to do business with local companies, and this partnership is perfect for job creation.”

Check Ohio First was launched in October 2011 as a virtual, year-round extension of the Ohio Department of Development’s annual Ohio Business Matchmaker program, an annual procurement event now going into its eighth year.

According to Boortz, Check Ohio First recently added free webinars to the mix. “Buyers educate suppliers on how to do business with their organization, and procurement counselors provide webinars that help businesses get ready for contracting opportunities,” she says.  Most of the webinars are recorded and stored in the resource library located on the Check Ohio First website.

“The website also contains a list of upcoming events, and visitors can browse our resource library and link to procurement training and opportunities,” she states.

Boortz notes that Check Ohio First is building a database to reflect private and public users. “We currently have about 350 profiles, including 100 companies that have registered as both buyers and suppliers and 20 as buyers only.”


Source:  Wendy Boortz
Writer: Lynne Meyer

great lakes venture fair unites investors and bioscience/IT startups

The inaugural Great Lakes Venture Fair will take place at the Cleveland Marriott Downtown October 17-18, on the heels of the National Association of Seed and Venture Funds annual conference. The fair is a collaborative effort  between  JumpStart, Ohio Capital Fund, Ohio Venture Association, TiE Ohio, CincyTech and TechColumbus and will bring together investors and startups from across the Midwest.
 
“It’s a chance for the venture capital community to come together and see some of the most promising startups,” explains Carolyn Pione Micheli, director of communications for CincyTech. “According to a study by the Kauffman Foundation, in 2007 all net news job growth came from companies that are less than five years old.” The event is the successor to the Ohio Capital Fund’s Early Stage Summit, which was held in Columbus for seven years.
 
The GLVF will only accept 18 startup companies in bioscience and IT to pitch their companies to investors. Other activities at the event include presentations on regional investment activity, and conversations about building future growth in startups and investing.
 
“In terms of growing fresh new jobs, small companies are the key, “ says Micheli. “The startup community is really important to our economic future.”
 
Keynote speaker will be Jeff Weedman, vice president of global business development for Proctor & Gamble. The application deadline for companies looking for funding is Aug. 12. Registration to attend is $200 before Sep. 15, $250 after that.

 
Source: Carolyn Pione Micheli
Writer: Karin Connelly

white house announces $60m 3D manufacturing hub in Youngstown

Youngstown will once again become a hub for advanced manufacturing -- this time with the 21st century firmly in mind -- thanks to a $30 million federal grant that was announced last week.
 
Surrounded by White House officials, Congressman Tim Ryan and Senator Sherrod Brown,  M7 Technologies President and CEO Mike Garvey announced a $60 million 3D printing hub to be built on the campus of the Youngstown Business Incubator in downtown Youngstown.
 
Thirty million dollars of the project’s total budget will stem from a competitive White House grant, while public and private partners will pick up the other $30 million. The strategic partnership will develop additive manufacturing (3D printing) for the defense, aerospace and automotive industries. The 3D printing process consists of making three dimensional, solid objects from digital models.
 
“M7 Technologies was established in 2004 to build strategic partnerships and skillsets to enable our community to participate in 21st century manufacturing,” Garvey told a room full of business owners, students and media. “Because of this mission, we have devoted ourselves to helping to transition the skillsets of one of our most important resources here at M7 – the people who work here.”
 
Senator Brown of Cleveland characterized the announcement as a “highly competitive” win, dubbing the Cleveland-Akron-Youngstown-Pittsburgh region as the Tech Belt.
 
“Youngstown wasn’t competing against Akron,” added Congressman Ryan of Youngstown. “We were all competing against Shanghai, Beijing, Mumbai, and if we didn’t all come together locally as a region, then we would never be able to compete globally.”
 
Ryan doubled down on Brown’s remarks, saying Youngstown beat out competitors at MIT and Georgia Tech. “I think it is absolutely a signal that this community and this region is back to play and play hard.”


Writer: Joe Baur

youngstown tech startup announces partnership with insurance company

Youngstown’s innovation narrative gets a new chapter his week. Risk Management Technologies (RMT), a Youngstown Business Incubator (YBI) startup that helps insurance agencies grow sales while mitigating the risk of lawsuits through its software, has announced a partnership with Utica National Insurance Group. Insurance agencies that rely on Utica National for Errors and Omissions (E&O) insurance coverage can use RMT’s patent pending Coverage Review List (CRL) web application to educate potential clients about available coverage options and by doing so, may qualify for up to 5% credit on Utica National E&O premiums.
 
Daniel Luketic, President of RMT, explains how this works in layman’s terms. “This news is a big deal because our market is independent insurance agencies. Agencies purchases our CRL application. These agencies pay thousands a year in E&O premiums to insure their agencies against E&O lawsuits.”

Think professional liability insurance for the insurance agents.

“Part of our benefit that we can now offer independent agents is hundreds, possibly thousands of dollars of savings on these premiums, now that Utica National has approved our product to qualify for the 5% credit," Luketic continues. "Also, Utica National provides us access to a huge percentage of the independent agencies nationwide, because they have approximately 11,000 independent agencies relying on their E&O program, and all of these agencies are interested in opportunities to save on their premiums.”
 
The partnership is the result of a two-year journey.
 
“In 2010, I began to spend time at the Youngstown Business Incubator, exploring options to start a company of my own or join an early stage company,” explains Luketic, who claims he was bitten by the “entrepreneurship bug” during his senior year at Mount Union in Business Administration. YBI provided the networking Luketic needed to get started in a career of entrepreneurship. “I was introduced to Philip Kilpatrick II, an independent insurance agent from Canfield, Ohio who had been working on a prototype for a web application for insurance agents.”

The result was Coverage Review List, proving YBI’s invaluable role to the company’s success.
 
“YBI is an excellent place to launch a company,” proclaims Luketic, adding, “The ability to lean on other tech entrepreneurs in the building is incredibly beneficial.”


Source: Daniel Luketic
Writer: Joe Baur

youngstown business incubator aims to depict city's industrial history in mural

Big and bold. That’s what the Youngstown Business Incubator (YBI) is going for with its newest project.
YBI has mounted a campaign to fund the printing and installation of a massive 300-foot, 70-window mural depicting the economic and industrial evolution of Youngstown. The mural was created by six graphic design students who are studying at Youngstown State University.

According to Jim Cossler, CEO of YBI, the purpose is threefold. “We want to make sure our campus is a creative, exciting place for all our employees to come to work,” he says. “Second, a lot of people don’t realize we’re a four-building campus. The mural spanning our building will help people understand how much we’ve grown. Finally, Youngstown State University is not only our neighbor, but a very important partner, so we look to engage students in as many ways as possible."

The students have titled the mural “Metamorphosis” because it represents the transformation of Youngstown from a manufacturing city to one with a broader economic base. In order to get the mural printed and installed, YBI needed to raise $7,350, which they did during a 30-day online fundraising campaign.

“A total of 121 different individuals funded the project, and we met our goal,” Cossler notes.  “It’s a complex printing process, and we anticipate installation of the mural in either late July or early August.”

Speaking of innovatve technologies ... Thanks to a special see-though fabric and printing technology that is being used, individuals who are working inside of the YBI offices will still be able to see outside their windows once the mural is hung.

Source:  Jim Cossler, Youngstown Business Incubator
Writer:  Lynne Meyer

international trade assistance center helps mahoning valley companies

It’s a good time for doing business in Ohio’s Mahoning Valley. In 2010, the Brookings Institute said the Youngstown Metro area ranked No. 1 in export growth, with manufacturing representing 38% of regional exports. $12.1 billion worth of goods and materials were exported in 2010.
 
Now businesses in the Mahoning Valley region will have the recently launched International Trade Assistance Center (ITAC) to aid in the continual growth of international exports.
 
Created in May of 2012 thanks to a grant from the Small Business Development Center at Youngstown State University, ITAC will assist companies with export readiness, market research, export compliance, export documentation, export financing assistance and trade mission preparation. The man behind these free services is Mousa Kassis, who will serve as International Trade Advisor after 16 years as an adjunct faculty member in YSU’s economics department. Suffice it to say, he knows the landscape and business of international exports.
 
“The Valley is coming back,” proclaims Kassis. “Business sentiment is very high,” he adds, citing the discovery of shale gas in the region as a catalyst for renewed interest in Mahoning Valley.
 
V&M Star, North America's leading producer of seamless tubular products dedicated to oil and gas applications, has invested in a $650 million facility in Youngstown, sustaining hundreds of construction jobs. The mill’s operation is estimated to bring in 350 more jobs by the end of 2012.
 
The ITAC, explains Kassis, is part of a national effort to double U.S. exports by 2012. “Skilled and productive labor and YSU’s Center of Excellence in International Business are bringing together government, academia and the business sector."


Source: Mousa Kassis
Writer: Lee Chilcote

statewide conference highlights polymer industry's growth across ohio

Polymers are big business in Ohio. According to Wayne Earley, CEO of PolymerOhio,  “Ohio is definitely a leader in the production and use of polymers.” According to its website, PolymerOhio is an Ohio Edison Technology Center focused on “enhancing the Ohio polymer industry company's global competitiveness and growth.”

Earley’s comments came on the eve of the two-day Ohio Polymer Summit, which was held June 6-7 in Columbus and attended by more than 150 people from throughout Ohio. This was the Ninth Annual Biennial Ohio Polymer Summit.

A presentation on innovation engineering leadership was one of the summit highlights, according to Earley. There was also a segment on shale gas and its impact on Ohio’s polymer industry. “Shale gas is very significant to our industry here in Ohio by lowering energy costs and also lowering the cost of basic polymer materials,” he explains.

Another important session was the introduction of the new computational methods program. “Small- and medium-size companies can’t afford to acquire the software needed for such things as mold design and extruder simulation,” Earley says. “With the assistance of a federal grant, Polymer Ohio is now making these tools available to smaller companies.” 

The polymer industry is Ohio’s largest manufacturing industry, he states. “More than 130,000 people are employed in Ohio’s polymer industry. It’s a growing industry here.

There’s high growth in several specific segments, including conductive and electronic polymer materials, polymer nanocomposites, biomaterials and feed stocks and recyclable polymers.”

Earley points out that polymers aren’t just plastic. “They’re also in adhesives, sealants, paints, coatings and composites of other materials.”

He says that Ohio is the world leader in compounding of polymers – combining different materials to achieve a set of specifications. PolyOne in Avon Lake is the state’s largest compounder, according to Earley. “They’re successful because they have the technology and the capabilities to develop materials and compounds that are specific to certain important applications. They’re also very innovative,” he adds.

Source:  Wayne Earley, PolymerOhio, Inc.
Writer:  Lynne Meyer

50 ohio companies receive export assistance from ohio department of development program

More than 50 Ohio companies have received export assistance from the Ohio Department of Development’s International Market Access Grant for Exporters (IMAGE) program.
 
“The Office of Business Assistance leads the initiative to strengthen Ohio’s exporting economy and advance its leadership position in the global marketplace,” says Assistant Deputy Chief of Export Assistance, Wesley Aubihl. “Specifically, export assistance strives to increase international sales of Ohio-made goods and services, creating more and better jobs for Ohioans.”
 
Designed to increase exports and create jobs, IMAGE helps companies promote their products and services in new international markets. Best of all, IMAGE will reimburse companies a maximum of $6,000 or 50 percent on qualifying expenditures up to $12,000 for activities associated with new international marketing initiatives, such as trade shows and foreign marketing material translation.
 
Airstream Inc., developers of lightweight travel trailers in Jackson Center, is just one example of a company that has taken off (no pun intended) thanks to assistance from IMAGE grant funds. Explains Aubihl, “[The funds] offset the costs of participating in a State of Ohio-Council of Great Lakes Governors trade mission to Brazil. The trade mission enabled Airstream to meet potential key customers in the Brazilian market.”

Justin Humphreys, Vice President of Sales at Airstream, has credited the Ohio Department of Development with playing a special role in their ability to meet with key players in Brazil to assess the potential of doing business abroad.
 
Aubihl is hopeful a slew of Ohio businesses will follow in Airstream’s footsteps and experience similar international success. “Since the program began in January, the Ohio Department of Development has awarded 15 trade mission stipends, supported 37 international trade shows, 10 U.S. Commercial Service projects, 20 translations of websites or printed materials, and three export education activities,” he explains. “The participating companies have reported more than $5 million in actual export sales, with additional sales expected over the next 12 months."


Source: Wesley Aubihl
Writer: Joe Baur

virtual software allows high school teams to work together on projects

Imagine students at four different high schools working collaboratively and in real time on a project to create a mechanically-fed birdhouse monitored via the Internet. The bird feeder automatically refills itself, based on a preset schedule.

One school team acts as project manager, while another is responsible for aesthetic design. The third school handles computer programming for refilling the bird seed. The fourth school determines the type and amount of bird seed used.

That example is provided by Julie Michael Smith, executive vice president at Applied Systems and Technology Transfer (AST2), to illustrate its Virtual Collaborative Learning Environment (VCLE).

“VCLE is a hardware and software technology that enables students at different schools to collaborate and communicate on projects in real time using social media, design and visualization," Smith explains. "It’s offered in a private cloud to integrate equipment, people and information in a secure, virtual manner.” 

VCLE enables people to use design software to create ideas and develop solutions collaboratively in 2D and 3D environments, according to Smith. “The design can then be prototyped by remotely accessing equipment such as 3D printers, milling machines and laser cutters.”

AST2 has developed a curriculum focused on innovation and creativity that helps students prepare for future jobs requiring skills in science, technology, engineering and math. “Over the past 10 years, STEM careers grew three times faster than non-STEM jobs,” Smith says. “That strong growth is projected to continue.”

The company will begin offering its curriculum and program to several high schools this fall with a goal of making it available to 1,000 high schools by 2016-2017.

AST2 recently landed a potentially multi-million dollar contract award from the Department of Defense’s Advanced Research Projects Agency (DARPA) for its MENTOR (Manufacturing and Experimentation Outreach) initiative.  

Source: Julie Michael Smith
Writer:  Lynne Meyer

ohio fuel cell coalition seeks to lead ohio's energy future

Pat Valente, executive director of  the Ohio Fuel Cell Coalition, is convinced that fuel cells are the future of energy. The OFCC is a group of industry, academic and government leaders who seek to propel Ohio into a global leadership position in fuel cell technology.
 
Ohio has a competitive advantage in fuel cell technology, says Valente. “We have the supply chain (components), a skilled workforce, and ongoing research on college campuses and in business. We like to say that every fuel cell manufactured in the U.S. has an Ohio component.”
 
Valente touts the clean energy of hydrogen fuel cells. “The only emission that comes out of the tailpipe is water vapor,” he says, referring to the use of fuel cells in vehicles.
 
But fuel cells aren’t just for cars, trucks and buses anymore. Honda is working on an advanced fuel cell that could power a conventional household for six days. Stationary fuel cells are in the works that can power a shopping center or a small community, completely off the grid.
 
In late April, Valente was preparing for the Ohio Fuel Cell Symposium, which took place from May 1st-2nd at Lorain County Community College. “We’re expecting Honda, GM, Daimler, Hundaii, and Toyota,” among others. He thinks government needs to step up with stricter emission requirements, which would further encourage the fuel cell technology.
 
With a rising middle class in China and India, Valente believes it’s just a matter of time before the oil runs out to power all those cars. “We need wind, solar, fuel cells, a little bit of everything. “


Source: Pat Valente
Writer: Catherine Podojil

etutoring program expands to cover all of ohio

Students at 21 Ohio colleges and universities can currently seek course help through an e-Tutoring program run by the Ohio Board of Regents. Next year, new funding from the Ohio Tech Consortium, eStudent services, and the Ohio State Fund will enable every student enrolled in all 107 colleges and universities in Ohio to access this service.
 
Karen Boyd, Ohio eTutoring Coordinator, says, “There are other e-Tutoring programs in the country, but Ohio is the only statewide collaborative program.”
 
According to John Charlton, Deputy Director of Communications at the Ohio Board of Regents, “Ohio is a perfect place for such a program because of our '30-mile promise.' There’s a college within thirty miles of every citizen.”
 
E-tutoring is offered in accounting, anatomy and physiology, biology, calculus, chemistry, math, and statistics. Most students also seek guidance in writing.
 
Balee Peth studies marketing and communication at the University of Toledo. She praises the friendly and quick response of her eTutor, who helped her express herself  through her writing.
 
Kyle Steele, a biomed major at Capital University, says, “Even with a science background, it helps me to get advice [with my writing]. You submit your writing and your eTutor reviews it and sends back suggestions for improvement.”
 
ETutors need not be at the same institution as the student seeking help. For example, three students in China, who currently study online at the University of Akron, use eTutoring for their papers. Next year, two of them will spend the academic year in Akron, where they will attest to the value of the eTutoring program. They will also be able to demonstrate their ability to use technology as teachers when they return to China.


Source: Karen Boyd, John Charlton, Balee Peth, Kyle Steele
Writer: Catherine Podojil
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