JumpStart Wins National Award for Increasing Access to Capital

CLEVELAND, Oct. 22 /PRNewswire/ -- JumpStart Inc., the Northeast Ohio venture development organization that accelerates the progress of high growth early-stage businesses, was named a recipient of the State Science and Technology Institute's (SSTI) 2009 Excellence in Technology-Based Economic Development Awards. JumpStart was the sole award winner in the Increasing Access to Capital category, as an initiative that enhances the ability of companies to access start-up capital. SSTI's nationwide competition recognizes outstanding achievements in technology-based economic development, emphasizing impact, strategic value, and the ability to replicate programs.

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"JumpStart is honored to have been recognized by our peers with this award," said Ray Leach, CEO of JumpStart. "Access to capital is one of the biggest barriers to early-stage company growth, and we work every day to make it easier for companies to get the funding their progress requires. Our work is a reflection of the commitment of the Ohio public and private sectors to entrepreneurship and more specifically, to increasing the flow of capital in the region."

SSTI President and CEO, Dan Berglund, commented, "JumpStart's success demonstrates that well-executed capital initiatives can help catalyze entrepreneurship. In just a few short years, JumpStart has shown its ability to seed successful companies and create high-paying jobs."

Another organization within Ohio, TechColumbus, was also a winner of one of the six awards from SSTI. The Columbus-based organization was the sole winner in the Building Entrepreneurial Capacity category. Both JumpStart and TechColumbus receive significant support from Ohio Third Frontier, a program of the state which catalyzes innovation to transform Ohio's economy. "For two of the six national winners to be supported by Ohio Third Frontier demonstrates the national leadership of the Third Frontier program and the ecosystem it is creating," said Leach.

JumpStart and TechColumbus received the awards today at the SSTI's 13th Annual Conference in Overland Park, KS.

About JumpStart Inc.

JumpStart (www.jumpstartinc.org) is a nationally recognized venture development organization that accelerates the progress of high potential, early-stage businesses and includes a special focus on diverse entrepreneurs working in the highest growth industries. Through the depth of its entrepreneurial team and the breadth of its high value resources, JumpStart improves client success in achieving significant milestones, including raising the follow-on capital necessary to create wealth. JumpStart strives to create a more prosperous future for Northeast Ohio. As part of its robust public/private partnership model, JumpStart recognizes the integral support of Ohio Third Frontier, which catalyzes innovation that is transforming Ohio's economy for future generations by creating new technology-based products, companies, industries, and jobs.

About SSTI (State Science and Technology Institute)

SSTI is a national nonprofit organization dedicated to improving government-industry programs that encourage economic growth through the application of science & technology. The annual, nationally competitive Excellence in Technology-Based Economic Development awards recognize initiatives that greatly impact state and regional economies through effective and innovative approaches to building tech-based economies.

SOURCE JumpStart Inc.



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