entrepreneurship : Innovation + Job News

Young professionals are full of ideas, but turning ideas into fruitful startups takes funding, which is not always easy to come by—especially for recent college graduates.
 
“We have a lot of talent in Cincinnati, and we don’t want that talent to leave this city," says Tangela Edwards, communications chair for FUEL Cincinnati. "We want to keep it here."
 
FUEL Cincinnati, which is a division of Give Back Cincinnati, is a local micro-grant funder that provides philanthropic entrepreneurs with the ways and means to kick-start an idea that will impact the city for the better.
 
The nonprofit funds projects year-round, but its second annual fundraising event, Fuel the Fire, takes place tonight, June 27. That event enables five projects to not only have the opportunity to receive funding, but also to gain recognition and exposure so that other interested individuals become aware of their concepts.
 
“Major donors might not want to give initially—they want to see how well you do,” Edwards says. “And sometimes that takes a small amount of money to help a startup get off the ground. Our main focus is to give awareness to five groups—they’ll be able to fundraise outside of this—but this is one thing we’re able to do for them.” At the event, participants will present their ideas, and the public will vote on its favorite project.
 
This year’s entries span a wide range of concepts, and cover everything from indoor composting, bike sharing, leadership and training for adolescent males, edible landscaping, and even a series of pop-up biergartens in the intersections of five alleyways in Walnut Hills.
 
“Community building, education, environment, diversity—the idea is that if they can fit into any of those categories, we want to hear from them,” Edwards says. “If someone has a great idea that they feel will impact Cincinnati in a positive way but they don’t have the funding or need additional ideas and support, then that’s what we’re here for.” 
Interested part.

Purchase a ticket for tonight's event here.


By Brittany York

Both Bizdom and LaunchHouse received hundreds of entrepreneurs applying for their respective accelerator programs this year. LaunchHouse received a record 115 applications for 10 spots in its 2013 LHX accelerator program, while Bizdom already has seen more than 100 applications this year from all over the country.

Both organizations each received $200,000 from Ohio’s New Entrepreneurs (ONE) Fund earlier this year. So, Bizdom and LaunchHouse decided to collaborate in investing in 20 technology startups this year.
 
"We feel it is important to collaborate with every organization that is helping to revitalize the region and LaunchHouse is certainly one of these organizations,” says Bizdom leader Paul Allen. “When we found out that Shaker LaunchHouse had also received ONE Fund support for its accelerator we reached out to see how we could closely collaborate to optimize the experience for all founders and to show the startup community that we are coordinated in our efforts.”
 
The organizations plan to share mentoring sessions, jointly host classes and open up their office spaces to each other’s entrepreneurs. “We have a strong network, and so does Bizdom,” says LaunchHouse CEO Todd Goldstein. “So why not collaborate to build a successful business community in Northeast Ohio?”
 
The whole idea is to foster the growth of Northeast Ohio as a hotbed for startups and a place that supports entrepreneurs. “Really, we are about the accelerator and the entrepreneurs working together to build a great community,” says Goldstein. “We’re not on an island by ourselves. We’re all out to build successful entrepreneurs in Northeast Ohio.”
 
Allen agrees that the collaboration will help the entrepreneurs as well as continue to attract startups from outside the region. “Participants will be able to socialize with a greater number of peers and hopefully they will be able to learn from one another,” he says. “Collaboration strengthens the Northeast Ohio entrepreneurial community because it gives us an opportunity to articulate a consistent and more powerful message within and outside the region about the opportunities and resources that exist here."

 
Sources: Paul Allen, Todd Goldstein
Writer: Karin Connelly

As an entrepreneurship/business management senior at Ohio University, and the president of the school’s Entrepreneurship Club, Richard Rodman has started two successful companies during his studies. Most recently, he noticed the need for some guidance in the crowdfunding trend.

So Rodman first started 530Funds in November 2012, a search engine and news site for the crowdfunding industry. “It was really hard to sift through Google to find the right platform,” he says.

But Rodman quickly realized the real need was in helping users navigate the forthcoming SEC regulations on equity crowdfunding and make sure they are compliant while raising money for their cause. Individuals, investors and crowdfunding platforms must comply with these regulations.
 
That’s when Rodman came up with Crowdentials. “Crowdentials is regulatory software for the rules SEC has created,” he explains. “It’s a simple web form -- kind of like TurboTax -- where you can cross-reference to see if you comply.”
 
Crowdentials helps take the legwork out of fundraising. Through the site and one form, investors, businesses and crowdfunding platforms ensure they are in compliance while raising money or investing in a new company. “We take care of compliance; you take care of business,” says Rodman says. “Businesses shouldn’t have to waste their time researching all the regulations.”
 
Crowdentials was accepted into the inaugural FlashStarts program, run by Charles Stack and Jennifer Neundorfer, this summer. Rodman says there was an “instant connection” in the interview process. “I think it’s going to do a lot,” he says of the program, adding that he enjoys working with the mentors and interns on hand and bouncing ideas off the other entrepreneurial teams.
 
Rodman has two partners.

 
Source: Richard Rodman
Writer: Karin Connelly

With the help of an Economic and Community Development Institute (ECDI) loan obtained through the Bad Girl Ventures business plan program, Jillian Davis’ Toast wine bar opened in Cleveland's Gordon Square Arts District earlier this year. Her unique take on food, wine and cocktails fits right into the neighborhood. The restaurant/wine bar specializes in doing things a little differently.

“We serve revitalized farm fare, and most of what we serve is locally sourced,” says Davis. “We have wines that are off the beaten path and craft cocktails.” Toast makes their own tonics for their cocktails and grows some food ingredients on-site. All dinners are served up in small plate fashion. “People like to graze a little more these days,” Davis says.
 
While it took Davis a little while to open Toast’s doors, things are thriving now thanks to the BGV program and ECDI loan. “The BGV program was great, I learned a lot,” says Davis. “ECDI was someone BGV put forth as an alternative to the banks. It worked out really well for me. I got money for inventory and equipment. No one will give you money for that stuff.”
 
Davis has hired 10 employees, including chefs, servers and bartenders and hopes to add more staff as Toast grows. “Our chefs are really slaves to the kitchen at this point,” she says. “As we start spreading the word and getting people in the door, we’ll be getting more staff.”
 
Toast has fit right into the neighborhood culture as well. Davis calls Toast’s wine list a bit more “geeky” than other area places, and they are the only restaurant in the area serving small plates.
 
“We all really complement each other; there’s a great synergy in the area,” says Davis. “Our wine selection sets us apart. We’re different than everybody, but we fit in."

 
Source: Jillian Davis
Writer: Karin Connelly

Last week, fifteen early stage business owners pitched their companies on the Cavs’ practice court at Open Pitch Night. The free event, held at Quicken Loans Arena and sponsored by Bizdom, The Incubator at MAGNET, Herman Miller and APG Office Furnishings, was designed to let owners of young companies perfect their pitches in front of a live audience.
 
“It’s an opportunity for them to get up in front of a group and practice their pitches, get some quick feedback from a bunch of folks and improve their delivery,” says Bizdom leader Paul Allen.
 
The 15 entrepreneurs were selected out of a group of 20 applicants. “We were looking for a diverse range of ideas and markets,” says Allen. “It’s a nice mix of people at different levels of maturity or evolution. Some businesses are little more than an idea; some are built out a little bit. They represent the continuum of startups.”

Attendees provided feedback and insight to the pitchers.

 
Source: Paul Allen
Writer: Karin Connelly

When Paul McAvinchey moved to Cleveland in April 2012 with his wife Rebecca to lead product innovation for MedCity Media, the seasoned entrepreneur was impressed with the entrepreneurial community here.

“When I got here, I was really excited to see all the startup activity going on,” McAvinchey says. But the native of County Tipperary, Ireland, who has also lived in Chicago, Munich and Dublin, was surprised that there were no informal events bringing all the startup organizations together. “I was used to having events where all the disparate groups came together to share their thoughts and ideas.”
 
So McAvinchey set out to start TechPint, a casual gathering for entrepreneurs and investors in internet technology. He made hundreds of phone calls and brought the area’s startup organizations together to plan the first TechPint event, which debuts tonight at 5:30 p.m. at Market Garden Brewery. Can't make it? No worries. McAvinchey plans to hold TechPint every three months. Space is limited to 150 people. Tickets are $12 each for preregistration and $15 at the door. Registration details are available here.
 
McAvinchey calls TechPint a “mini-tech conference in a bar with pints.” But that doesn’t mean TechPint isn’t a valuable resource. “It’s a really casual setting with drinks,” he says. “But we’re focused on a value-driven event where you are likely to go home with new ideas to work on or new things to think about.”
 
Many of the major startup organizations are on board, including JumpStart, Bizdom, LaunchHouse and MedCity Media. Speakers will be Mike Belsito, founder of eFuneral, John Knific, founder of DecisionDesk, Josh Walsh, founder of Designing Interactive, and Bizdom’s Paul Allen.

 
Source: Paul McAvinchey
Writer: Karin Connelly

When James Fayal and Ricky Ishida moved to Cincinnati last summer to focus on start-ups, they had given little thought to launching their own.

But less than a year later, the Milton Street housemates have embarked on one of eight national Venture for America initiatives (two from Cincinnati) that demonstrate just how much they have come to embody the entrepreneurial spirit. As members of the inaugural Venture for America class of fellows, the Zest Tea founders exemplify the essence of the national, startup-generating project designed to attract and retain top collegiate talent in “flyover” cities like Cincinnati.

Both moved to Ohio to work for startups that intrigued them. Fayal, a University of Maryland grad, chose to work with CincyTech, while Ishida of Cornell landed at ZipScene. 

Given the intense work schedules of startups, it’s no surprise that their idea for their own start-up grew out of a blend of personal experiences and frustration. Both preferred tea to coffee -- Ishida based on experience dating to his childhood in Japan and Fayal from his high school days. Still, neither could locate traditional teas with enough caffeinated punch to help them get through the extended days of the startup world.

Instead of complaining, they began a search for a coffee alternative. They found no tasty tea product on the market that provided coffee caffeine levels. That's when Fayal and Ishida knew they were on to something. They just didn’t know what.

“We started developing our own [tea] blends,” Fayal says. There was Cinnamon Apple Black Tea and Pomegranate Mojito Green Tea; Blue Lady Black Tea and Moroccan Mint Green Tea. “We started playing around with some tea extracts, with additional antioxidants, and caffeine,” he adds.

By blending tea extracts with high quality teas, they focused on good (read: not bitter) taste while boosting caffeine levels. 

What began as a beverage born of personal interest became a business plan very quickly over the last month thanks to another VFA innovation. The non-profit launched a national awareness campaign through RocketHub aimed at nurturing their young Fellows’ community involvement and startup aspirations. Members of the first class of VFA fellows were encouraged to enter a startup competition of their own, with cash prizes awarded to the top three already crowd-funded ideas. 

They created a RocketHub site for “Zest Tea - Bold Teas With An Energizing Kick,” and started raising money. To sweeten the pot, they turned the very funding process into a bit of a game, wherein folks who donate get to help decide which teas will make it to market first. 

"We figured we’d let the funders make the final decision on the first four," says Fayal, who enjoys all eight of the blends on the ballot, but admits to a particular fondness for Pomegranate Mojito and Cinnamon Apple blends as well as the more traditional Earl Grey.


Writer: Elissa Yancey

Mansfield Frazier, the entrepreneurial mastermind behind the improbable Chateau Hough vineyard at E. 66th and Hough, says he will break ground on the world's first biocellar this year. He's raised more than half of the $100,000 needed to complete the experimental, innovative project.

"This is about growing crops in the wintertime," says Frazier. The biocellar, which has been described as a passive solar greenhouse, will consist of a glass structure built on top of the basement of a demolished home. "We plan to grow mushrooms because they're $12 a pound, an acre yield higher than anything else. This is about renewing neighborhoods, reusing buildings and creating wealth in the inner city."

"The biocellar is based on two concepts," Frazier explains of the glass-topped structure developed by permaculture designer Jean Loria. "One is a root cellar, which has been around thousands of years, and the other is a greenhouse. It's basically taking a greenhouse structure and putting it on top of a root cellar."

Frazier says that he hopes to break ground in July so that the biocellar will be completed by fall. The two- to three-month build-out will be handled by Don Lasker of ALL Construction, and Frazier will also employ a lot of neighborhood residents and guys from a local halfway house. The biocellar was designed by Arkinetics.

Funding sources include local council people, storm water management funding from the Northeast Ohio Regional Sewer District and a local angel investor.

"We're budgeting $100,000 for the first one, but hopefully the cost will go down once we know what we're doing," says Frazier. "We know the science is there."


Source: Mansfield Frazier
Writer: Lee Chilcote

Today, it seems that every retailer has a loyalty card leading to wallets stuffed with plastic and the potential for confusion. Cincinnati startup LOC Enterprises hopes to replace all those cards with the launch of its LOC Card.
 
The LOC Card is the first truly universal loyalty card that will not only allow consumers to stop carrying around handfuls of cards, but it will also allow them to manage all of their loyalty programs on one website.
 
While holiday shopping for his now 12-year-old son in 2011, LOC’s CEO and founder Jack Kennamer realized the problems of loyalty cards.
 
“I was standing in line at a sporting goods store, and I heard the cashier ask customer after customer if they had the store’s loyalty card,” Kennamer says. “Most people didn’t want one, but one lady decided to sign up for it, and I could see the guy behind her huffing and puffing while she filled out the registration form. And when the guy in front of me was asked if he had the store’s card, he held up his keychain and said ‘No room for you.’ I figured there had to be a better way.”
 
After that experience, Kennamer spent hours researching loyalty cards and programs, and found that there wasn’t a “universal” loyalty card.
 
“Consumers love to feel special and get free stuff and discounts, but it’s getting to the point where they have to work so hard to participate in loyalty programs,” he says.
 
Kennamer’s company developed a 100-percent consumer-centric card that allows consumers to tailor how they want to engage with each retailer. For example, a consumer may want to interact with Kroger one way and Best Buy another, so they can pick and choose which retailers with which to share their email address.
 
When a consumer signs up for the LOC Card, they’ll set up an account online, and anytime they go to a retailer that accepts the card, they swipe it once and they’re enrolled in that loyalty program. LOC’s website manages all of the loyalty programs for the consumer, so there’s only one email address and password instead of 100.
 
LOC is working with the companies that handle the analytic side of loyalty programs to better service consumers. The company is also building relationships with individual merchants and getting great feedback about the LOC Card.
 
The LOC Card isn’t just tailored to large businesses, though. “The problem small businesses have is they don’t stand a chance because they’re so far down the totem pole when it comes to loyalty,” says Kennamer. “With the LOC Card, you swipe your card at the retailer once and you’re signed up for their loyalty program. After that, it’s up to the consumer to come back, and the retailer can reach out and give the consumer personalized offers to start repeat behaviors.”
 
The LOC Card isn’t available to consumers yet, but you can pre-register on LOC’s website.
 

Writer: Caitlin Koenig
Follow Caitlin on Twitter

During the past school year, Youth Opportunities Unlimited (Y.O.U.) brought entrepreneurship education to five area high schools. Certified entrepreneur teachers helped more than 200 students come up with business ideas, create the businesses and execute the plans.
 
On May 23, 11 semi-finalists gathered at Ernst and Young’s education center in Cleveland to present their final business pitches in hopes of winning the E City (Entrepreneurship: Connecting, Inspiring and Teaching Youth) Northeast Ohio Young Entrepreneur of the Year title.
 
The semi-finalists gave eight-minute presentations, describing their businesses, marketing plans and business strategies. The audience voted to determine the three finalists and a three-judge panel selected the winners.

“They had fun, but it’s competitive,” says Carol Rivchun, president of Y.O.U. “They have to stand and make their PowerPoint presentations to the judges. The presentations included cash flows, Return on Investment, and budgets. And the judges really grilled them.”
 
Vanessa Galvan of T.W. Harvey High School in Painesville won the top honor of Young Entrepreneur of the Year, as well as $1,000 for her business, Piñata Time. Galvan's company makes kits that include everything needed to create a piñata. The judges felt Galvan has a strong business and marketing sense of what it would take to make Piñata Time a success.
 
Julianna Pierson of Shaw High School took home second place and $500 for Cat Sit, a cat sitting business that includes all toys and supplies.
 
Both Galvan and Pierson will travel to New York in October to compete for $10,000 in the Network For Teaching Entrepreneurship’s national business plan completion.
 
Maria Moreno, also of T.W. Harvey High School, took third place and won $250 for her customized floral accessories business, Bright Pickins.

 
Source: Carol Rivchun
Writer: Karin Connelly

Oberlin College and Cleveland-based FlashStarts are partnering on an entrepreneurship fellowship, providing a team of Oberlin graduates from the Oberlin Entrepreneurship Fellowship program with a slot in FlashStarts’ business accelerator program this summer.
 
“In this partnership, FlashStarts will be acting as a capstone for recent graduates of Oberlin College,” explains Charles Stack, CEO of FlashStarts. One team from Oberlin has already been slotted to join a class of 11 startups in the inaugural class. Startups range from a cloud-based marketplace that matches students with editors to a web application that coordinates clinical trials.
 
Stack has been involved with Oberlin since 2009 when he invested in the winner of that year’s fellowship program, Skritter – a Chinese and Japanese writing educational application. “The Oberlin Entrepreneur Fellowship Program is one of the best programs around,” boasts Stack. “The school is full of students who think outside of the box and have the drive to create enterprises that can change the world.”
 
FlashStarts’ business accelerator follows a model of “rapid iterations and continuous market validation,” Stack explains. “Each team in our program is receiving an investment of up to $20,000, access to a network of brilliant and experienced mentors, the assistance of interns, and guidance and resources customized to meet specific needs.”
 
The first summer program began on June 3 with the 11 teams that were picked from a pool of 85 applicants from across the globe. Though all the companies are software-based, Stack says there’s plenty of diversity in the program. “Two of the companies will revolutionize the healthcare industry, while another is reinventing the online graphic novel,” says Stack. “One of the companies offers a hardware and software solution for processing big data that I only totally understand on a good day with a full night’s sleep.”
 
Ultimately, Stack is holding FlashStarts and his supported startups to a high standard.
 
“You can expect nothing less than the creation of 11 successful businesses that will change the world.”
 
 
Source: Charles Stack
Writer: Joe Baur

Alia Ali’s business venture, Chill Shaved Ice Bar, began in June 2011 at Findlay Market. Her shaved ice stands out among the rest because the syrups are all natural.
 
“I’ve always been in business,” says Ali. “I flipped cars in undergrad and imported jewelry after I graduated. I’m interested in health and wellness, and decided to marry business and healthy with Chill.”
 
In order to expand her business, Ali looked at local organizations that offer business support to entrepreneurs. She was one of 10 finalists in Bad Girl Ventures last fall. And in November, she participated in business classes at Xavier, and then applied to Xavier X-Lab, which pairs businesses with MBA students. That session just wrapped up, but Ali plans to participate in the summer session as well. Last month, Chill expanded its location options with a Smart car that scoots to area venues such as Kenwood Towne Center and Krohn Conservatory.

“I hope Chill continues to show people that natural and delicious can be in the same sentence,” says Ali.
 

By Caitlin Koenig
Follow Caitlin on Twitter

Kelli Hanley sees the big picture in cooking -- and she wants to teach people the whole concept of it, from sourcing the produce, to understanding what’s in your pantry, to putting a meal on the table. So she started The Agrarian Collective, a mobile cooking school that does just that.

“When I started The Agrarian Collective, I envisioned an Earth-to-table lifestyle school,” she explains. “My approach is around understanding the relationships between your pantry and kitchen table. My classes are not designed to just watch someone cook.”
 
Hanley recently won a $5,000 loan from a private giving circle after participating in the Bad Girl Ventures spring 2013 business plan competition. She’ll use the loan to build her mobile kitchen, with six two-burner cooking stations. Hanley will take the mobile kitchen to farms and farmers markets and other locations around Northeast Ohio.
 
Hanley’s first class will teach people how to make strawberry jam. The class will meet at a Hiram farm. “We’ll have scones and coffee in the morning and then we’ll go out and show how to pick the best berries for making jam,” she says. “We’re really focusing on hands-on technique.”
 
Most of the classes will collaborate with farmers, chefs or tradespeople to teach specific skills. “When you go home you’ll really feel confident that you can put what you learned to use in the kitchen,” says Hanley. She is working with the Cleveland Culinary Launch, chef Karen Small of the Flying Fig and urban farmers to design the classes.
 
“There has been amazing interest,” says Hanley. “People are telling me they can’t wait for my classes. I feel like it’s something that’s really taking off.”

 
Source: Kelli Hanley
Writer: Karin Connelly

Bizdom Cleveland has invested in 16 young companies since it set up shop in January 2012, and the organization is targeting 18 more companies this year. While many are local startups, Bizdom also scours the country in search of promising businesses to recruit to Cleveland.

So far Bizdom has brought four companies to Ohio: Queryly from New York, MascotSecret from San Francisco, Firmly Planted from Los Angeles and CourseBuffet from Seattle.
 
“The bottom line is we’re looking for the best and the brightest wherever we can find them,” says Paul Allen, leader of Bizdom Cleveland. “We find them, and then we do our best to sell them on the benefits of doing business in Cleveland.”
 
It’s not difficult to recruit companies to the area, given Cleveland’s support of small startups. “There’s a very large and organized infrastructure here,” Allen explains. “Cleveland has a bunch of organizations that provide support, expertise, resources, investment, equity and debt funding. The continuum of organizations that support small business is unlike other parts of the country.”
 
And the assistance is accessible. “Cleveland has a tight-knit startup community that doesn’t take long to identify the key players,” Allen says. “They exist here and you can access them.” Allen points out that the Dan Gilbert and Quicken Loans name also attracts businesses.
 
One of Bizdom’s requirements is that its portfolio businesses locate in Cleveland. All four relocated companies have chosen downtown for their headquarters.
 
Bizdom companies have created 36 full-time and 10 part-time jobs. Allen hopes more out-of-town companies will come to Cleveland for Bizdom’s fall accelerator program in August. “We have lots of applicants from out of state for August,” says Allen.

 
Source: Paul Allen
Writer: Karin Connelly

Greener Portions Aquaponics, Cincinnati’s newest source of locally grown produce using aquaponics, is now open for business in Covedale.

Aquaponics is a growing method that utilizes, in Greener Portions’ case, channel catfish to produce nutrient-rich byproducts that are circulated through the plant’s root systems to be filtered out and pumped back into the fishtank. The circular cycle has been used longer than any of us have been around.

Started by Mary Ann Brinkmeyer and her fiancé Casey Miller,  Greener Portions not only has the capability to provide fresh, locally grown produce on a regular basis, but will occasionally have fish on the menu once they need to change the ranks, so to speak.

Produce will be available for purchase on both individual and wholesale scales.

At this time, Greener Portions has a 2,000-square-foot growing operation, where they are currently growing heirloom tomatoes, coastal star romaine lettuce, bell peppers, wheat grass, cilantro, Genovese basil, parsley and more. Future plans are to harvest strawberries, cucumbers, kale and heirloom orange tomatoes.

The business started as a hobby for the couple, but they quickly realized it  had potential far beyond feeding themselves. With a grand opening  now under their  belts, Greener Portions is confident business will grow as steadily as their produce.

Find out more about Greener Portions Aquaponics here.