2014

LaunchHouse Accelerator Fuels Ten Cleveland Tech Startups

SHAKER HEIGHTS, Ohio, Nov. 26, 2012 /PRNewswire/ -- The LaunchHouse Accelerator program, also known as LHX, is set to present ten exciting technology based companies to the investment community at the LHX Showcase Day on Wednesday, November 28, from 4-9 p.m.

The ten teams preparing to graduate from LHX were exposed to a range of topics including concept validation, revenue modeling and customer acquisition. The integration of customer development, first-class mentors and speakers from around the country helped to take these companies to the next level.

The startups have worked day and caffeine-fuelled nights to prepare for Showcase Day and beyond. They were selected out of applicants from around the world for the program, which started September 2012.

The companies provide a range of cutting-edge, broad-based technologies including smart phone apps, online marketplaces and adaptable platforms. The ten companies that will be showcased are:

"The LaunchHouse Accelerator was a really awesome experience," Phil Alexander, founder of Quick2LAUNCH, said. "The entrepreneur support we received from LHX gave us daily opportunities to take mentor experiences and turn them into something useful for Quick2LAUNCH."

Company building can be hard work as the teams found out, but missteps only led to greater progress toward the main goal: launching a successful company. Collaboration was a key ingredient in helping these teams to get off the ground. LHX provided $25,000 in seed capital – provided by $200,000 ONEFund grant and a $50,000 matching grant from Cleveland-based, Clarion Direct Investment – and a "structured chaos" environment where the companies were developed and given access to mentors.

LaunchHouse is the first and only accelerator in Northeast Ohio chosen to receive the ONEFund grant from the Ohio Third Frontier Program. Being a part of this program enabled LHX to attract talented speaker and mentors, such as:

  • Brad Boyer, Founder & Owner, Boyer Communications Group
  • Anthony Broad Crawford, Chief Product Officer, www.giveforward.com
  • Morris Wheeler, Founder & Managing Member, Clarion Direct Investment
  • David Willbrand, Partner, Thompson Hine LLP

Showcase Day marks the culmination of the 12-week LHX program, where companies will demonstrate a proof of concept to investors, potential customers, other entrepreneurs and a public eager to learn about new business growth in the region. The event will be hosted at Shaker LaunchHouse.

For more information regarding Showcase Day, contact Shannon Lyons, showcase@launchhouse.com.

About LaunchHouse

LaunchHouse is a lean business accelerator in Shaker Heights that fosters entrepreneurial success and job creation through seed capital, education and innovation. Based in Northeast Ohio, the LaunchHouse mission is to recruit, nurture and grow the Midwest's most promising startup companies not only through funding but also through mentorship and strategic business development resources. Visit www.launchhouse.com for more information.

About Clarion Direct Investment

Clarion Direct Investment is the venture capital and private equity arm of Clarion Capital Ltd., a diversified investment partnership designed to provide its investors with appropriate asset allocation and diversification across all asset classes. Morris H. Wheeler, CEO and President of Clarion Direct Investment, has been successfully investing in technology ranging from pre-seed stage venture capital to private equity for more than 15 years through his company Drummond Road Capital Inc. For more information, go to www.drummondroad.com.

About Ohio One Fund

Ohio's New Entrepreneurs Fund (ONEFund) is an innovative approach to retaining and attracting the best and the brightest talent to Ohio. This exciting mentorship-driven program focuses on the professional development of young entrepreneurs with the necessary ambition to commercialize new technologies and looks to link promising new ventures in Ohio with early-stage investment capital. ONE Fund will aggressively recruit young entrepreneurs from within Ohio and outside the state and will foster the young entrepreneurs' professional development by educating them on what it takes to form a business in Ohio.

Contact:
Stephanie Colangelo
Director of Marketing and Public Relations
Email: stephanie@launchhouse.com
Phone: (216) 218-3279

This press release was issued through eReleases® Press Release Distribution. For more information, visit http://www.ereleases.com.

SOURCE LaunchHouse



RELATED LINKS
http://www.launchhouse.com

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