JumpStart launching free, three-month healthtech accelerator in Ohio
The program is funded through a “Build to Scale” award of $2 million from the U.S. Economic Development Administration.
JumpStart, a Cleveland, OH-based venture development organization providing capital, services, and connections to help entrepreneurs grow, has announced two new accelerators that will enhance its support for technology start-ups across the state. One is focused on new ventures in the software sector while the focus of the other is on healthtech start-ups.
Applications are now being accepted for the first cohort of the ”Trailblazer HealthTech Accelerator,” a free three-month intensive program helping healthcare innovators prepare for start-up capital and commercialization by providing one-on-one advising, access to experts, and up to $125,000 in non-dilutive funding for critical services.
The new services are partially funded through a $2 million grant JumpStart recently received from the U.S. Economic Development Administration (EDA) under the federal agency’s “Build to Scale” program. This funding supports the Scaling Ohio HealthTech Innovation Offerings (Scaling OHIO) program and leverages JumpStart’s 20-year legacy in entrepreneurship to drive healthcare innovation and commercialization throughout the state.
In addition to fueling JumpStart’s new accelerators, the funding will support one-on-one advising and other initiatives. The EDA grant requires a match, leveraging up to $4 million in funding that has already been partially matched through partnerships with Case Western Reserve University, UH Ventures, and others.
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