Karin Connelly Rice
It's the Chinese year of the rabbit and the St. Clair Superior Development Corporation is celebrating by displaying 24 fiberglass bunny sculptures, painted and decorated by Northeast Ohio artists. Each sculpture is sponsored by a local business. They are being installed around the neighborhood today.
This is the sixth year the organization has hosted the public art event. The installation celebrates Cleveland's Asian, artistic and business communities in the St. Clair-Superior neighborhood.
"St. Clair-Superior has one of the highest Asian populations in Northeast Ohio," says project coordinator Becca Britton. "We have a blossoming arts district here and we also have a thriving business community. The community really appreciates it and celebrates it."
The public has come to embrace the sculptures, which began with the year of the dog. In early years there was a lot of vandalism and theft, Britton says, which has diminished over the years. "Everyone leaves them alone," she says. "They really appreciate them."
More than 90 artists submitted designs this year. A panel of three professional artists chose their favorites, which were then put into a portfolio for companies to choose from. Winning artists receive a $400 stipend and two tickets to a gala event.
This year's favorites include a rabbit exploding with butterflies and another blowing bubbles on roller skates. "Every year the artists are getting more creative," says Britton.
The rabbits will be on display through Labor Day. They will then be auctioned off, with proceeds going to next year's project.
Source: Becca Britton
Writer: Karin Connelly
This is the sixth year the organization has hosted the public art event. The installation celebrates Cleveland's Asian, artistic and business communities in the St. Clair-Superior neighborhood.
"St. Clair-Superior has one of the highest Asian populations in Northeast Ohio," says project coordinator Becca Britton. "We have a blossoming arts district here and we also have a thriving business community. The community really appreciates it and celebrates it."
The public has come to embrace the sculptures, which began with the year of the dog. In early years there was a lot of vandalism and theft, Britton says, which has diminished over the years. "Everyone leaves them alone," she says. "They really appreciate them."
More than 90 artists submitted designs this year. A panel of three professional artists chose their favorites, which were then put into a portfolio for companies to choose from. Winning artists receive a $400 stipend and two tickets to a gala event.
This year's favorites include a rabbit exploding with butterflies and another blowing bubbles on roller skates. "Every year the artists are getting more creative," says Britton.
The rabbits will be on display through Labor Day. They will then be auctioned off, with proceeds going to next year's project.
Source: Becca Britton
Writer: Karin Connelly
As president and CEO of NorTech, a nonprofit technology-based economic development organization serving 21 counties in Northeast Ohio, Rebecca Bagley is always looking for ways for her Cleveland-based company to be more competitive regionally and nationally. Her recent appointment to the U.S. Department of Commerce Innovation Advisory Board by commerce secretary Gary Locke will further her mission.
Bagley and 14 other board members will conduct a study of U.S. economic competitiveness and innovation. The study will help form national policies at the heart of U.S. job creation, competitiveness and global strength. "The idea is to do a study on how the United States can be more globally competitive," says Bagley. "It's obviously very exciting to be a part of this advisory board and the study."
Nominated by NorTech board chair Tim Reynolds, Bagley sees her background in finance, as well as her leadership at NorTech, as the reasons for her appointment. Before joining the company she worked in the private sector in investment banking and as deputy secretary for the Technology Investment Office of the Pennsylvania Department of Community and Economic Development (DCED).
Bagley is a nationally-recognized expert in technology-based economic development. She brings that same expertise to the region in developing Northeast Ohio's technology initiatives. "We've been working in the region to increase Northeast Ohio's competiveness," she says. "For NorTech this raises visibility of the region and validates the work being done here."
The board's first meeting is in Arlington, VA in June. They will meet every three months.
Source: Rebecca Bagley
Writer: Karin Connelly
Bagley and 14 other board members will conduct a study of U.S. economic competitiveness and innovation. The study will help form national policies at the heart of U.S. job creation, competitiveness and global strength. "The idea is to do a study on how the United States can be more globally competitive," says Bagley. "It's obviously very exciting to be a part of this advisory board and the study."
Nominated by NorTech board chair Tim Reynolds, Bagley sees her background in finance, as well as her leadership at NorTech, as the reasons for her appointment. Before joining the company she worked in the private sector in investment banking and as deputy secretary for the Technology Investment Office of the Pennsylvania Department of Community and Economic Development (DCED).
Bagley is a nationally-recognized expert in technology-based economic development. She brings that same expertise to the region in developing Northeast Ohio's technology initiatives. "We've been working in the region to increase Northeast Ohio's competiveness," she says. "For NorTech this raises visibility of the region and validates the work being done here."
The board's first meeting is in Arlington, VA in June. They will meet every three months.
Source: Rebecca Bagley
Writer: Karin Connelly
Adheris, the largest provider of direct-to-patient medication adherence programs, has chosen Cleveland-based CellepathicRx as its mobile platform provider. The partnership expands Adheris' delivery of its adherence-focused programs beyond mail to all mobile technology platforms -- text, email, web, and more.
"Medical adherence is a $300 billion a year problem," says Greg Muffler, CEO of CellepathicRx. "Our technology is a mobile platform that creates an ongoing intimate relationship with patients and their providers."
CellepathicRx's mobile health communication platform targets patients to help them understand and adhere to medication regimens, clinical trial protocols, health coaching, and health and wellness programs. The technology has been in development for more than two years, and was released in 2009.
"We chose CellepathicRx because of their deep knowledge of healthcare, retail pharmacies, and pharmaceutical industry technology, as well as the unique, flexible solution they offer," said Jim Rotsart, executive vice president of Adheris. "The use of mobile applications and texting is skyrocketing, so this relationship gives our pharmacy partners the opportunity to offer their patients choices regarding their healthcare -- whether it be receiving reminders, medication education, and/or copay assistance via email, mobile device, or traditional mail."
Muffler calls the relationship with Adheris a milestone for the company. "It's an inexpensive way to develop an ongoing relationship with patients," he says. "Our main goal is to ultimately improve patient outcomes, improve health and wellness, which we believe will have an impact on healthcare costs by getting people to take control of their own healthcare."
Source: Greg Muffler
Writer: Karin Connelly
"Medical adherence is a $300 billion a year problem," says Greg Muffler, CEO of CellepathicRx. "Our technology is a mobile platform that creates an ongoing intimate relationship with patients and their providers."
CellepathicRx's mobile health communication platform targets patients to help them understand and adhere to medication regimens, clinical trial protocols, health coaching, and health and wellness programs. The technology has been in development for more than two years, and was released in 2009.
"We chose CellepathicRx because of their deep knowledge of healthcare, retail pharmacies, and pharmaceutical industry technology, as well as the unique, flexible solution they offer," said Jim Rotsart, executive vice president of Adheris. "The use of mobile applications and texting is skyrocketing, so this relationship gives our pharmacy partners the opportunity to offer their patients choices regarding their healthcare -- whether it be receiving reminders, medication education, and/or copay assistance via email, mobile device, or traditional mail."
Muffler calls the relationship with Adheris a milestone for the company. "It's an inexpensive way to develop an ongoing relationship with patients," he says. "Our main goal is to ultimately improve patient outcomes, improve health and wellness, which we believe will have an impact on healthcare costs by getting people to take control of their own healthcare."
Source: Greg Muffler
Writer: Karin Connelly
COSE members will bring their causes to Columbus on Wednesday, May 25, for COSE Day at the Capitol. For the past five years, COSE members have used the day to meet with policy makers, network and bring their issues to the table.
"People don't have to be political," says Brynn Allio, director of government and external relations for COSE. "They just have to be willing to share their stories."
About 50 participants will board a bus in Cleveland at 6:30 a.m. at the Holiday Inn Independence and attend a reception breakfast at 9:15 a.m. in Columbus. Members will then spend the day talking to legislators -- speaker of the house William Batchelder, senate president pro tem Keith Faber, senate minority leader Capri Cafaro, and BWC administrator Steve Buehrer.
"They will break into groups to meet with the legislators and talk about their issues of concern," explains Allio. "Small business owners are really busy, but they are taking a day to talk with legislators. It's always nice when legislators connect with small business owners and we like to facilitate that when we can."
Some hot topics Allio expects to be covered include access to capital and healthcare. "Small business owners generally want to be able to offer health insurance to their employees, but it's increasingly difficult with rising rates," she says.
The day culminates with a reception before participants board the bus home to Cleveland. The event is only open to COSE members and costs $20 for the day. Call 216-592-2497 for more information.
Source: Brynn Allio
Writer: Karin Connelly
"People don't have to be political," says Brynn Allio, director of government and external relations for COSE. "They just have to be willing to share their stories."
About 50 participants will board a bus in Cleveland at 6:30 a.m. at the Holiday Inn Independence and attend a reception breakfast at 9:15 a.m. in Columbus. Members will then spend the day talking to legislators -- speaker of the house William Batchelder, senate president pro tem Keith Faber, senate minority leader Capri Cafaro, and BWC administrator Steve Buehrer.
"They will break into groups to meet with the legislators and talk about their issues of concern," explains Allio. "Small business owners are really busy, but they are taking a day to talk with legislators. It's always nice when legislators connect with small business owners and we like to facilitate that when we can."
Some hot topics Allio expects to be covered include access to capital and healthcare. "Small business owners generally want to be able to offer health insurance to their employees, but it's increasingly difficult with rising rates," she says.
The day culminates with a reception before participants board the bus home to Cleveland. The event is only open to COSE members and costs $20 for the day. Call 216-592-2497 for more information.
Source: Brynn Allio
Writer: Karin Connelly
Cleveland-area SPR Therapeutics is tackling the chronic pain market with its Smartpatch technology. The Smartpatch external stimulator delivers an electrical signal to an electrode placed in the muscle. The electrical signals stimulate the target nerve within the muscle, thereby exercising the muscle to treat the pain. The Smartpatch system will serve the $150 billion pain market, in particular those suffering shoulder pain from strokes, as well as chronic lower back pain.
"It's a very simple short-term therapy that can eliminate chronic pain," says Maria Bennett, president and CEO of SPR. "It can be administered by a surgeon or non-surgeon, has no side effects and is completely reversible."
The company, which was founded in January 2010, is a spinoff of NDI Medical, which developed the technology and licensed it SPR. JumpStart Ventures announced last week that it will invest $250,000 in SPR Therapeutics to help bring the technology to market later this year or in early 2012.
"JumpStart's investment really allows us to complete the commercialization," says Bennett. "It helps us get to market, be prepared with all the pieces and parts so we can really hit the ground running."
Meant for use up to 30 days, Smartpatch has also demonstrated long-term pain relief. The company's series of clinical feasibility studies demonstrated that, at the end of the short-term therapy, 84 percent of patients experienced a significant reduction in pain and 40 percent were pain free. After completing the Smartpatch therapy, 78 percent of these patients continued to have significant pain relief.
Source: Maria Bennett
Writer: Karin Connelly
"It's a very simple short-term therapy that can eliminate chronic pain," says Maria Bennett, president and CEO of SPR. "It can be administered by a surgeon or non-surgeon, has no side effects and is completely reversible."
The company, which was founded in January 2010, is a spinoff of NDI Medical, which developed the technology and licensed it SPR. JumpStart Ventures announced last week that it will invest $250,000 in SPR Therapeutics to help bring the technology to market later this year or in early 2012.
"JumpStart's investment really allows us to complete the commercialization," says Bennett. "It helps us get to market, be prepared with all the pieces and parts so we can really hit the ground running."
Meant for use up to 30 days, Smartpatch has also demonstrated long-term pain relief. The company's series of clinical feasibility studies demonstrated that, at the end of the short-term therapy, 84 percent of patients experienced a significant reduction in pain and 40 percent were pain free. After completing the Smartpatch therapy, 78 percent of these patients continued to have significant pain relief.
Source: Maria Bennett
Writer: Karin Connelly
More then $140 billion in gift cards are purchased each year, generating more than $1.8 billion in associated transaction fees. SparkBase, a Cleveland company founded in 2004, is the industry leader in software processing of gift cards, reward and loyalty programs. SparkBase's software makes sure purchases are recognized when a gift card is swiped, measures demographics, and tracks buying habits on rewards cards.
This time last year, SparkBase had a handful of customers and seven full-time employees. Today, the company has grown to 20 employees.
"Lately we have grown exponentially," says Andrew Kraynak, vice president of marketing for SparkBase. "In the past six to nine months we have really seen things take off."
In fact, SparkBase is hiring 10 more people to keep up with current needs. The company is looking for everything from client service managers to Java developers. "We're staffing based on current needs," says Kraynak. "We'd like to be ahead of the curve and hire ahead of the curve."
Kraynak attributes SparkBase's success to hard work by the company's founders. "A small company takes time to get traction and for the message to resonate," he says. There was a lot of heavy lifting by the founders and we're beginning to see the fruits of that."
Kraynak also gives a nod to Cleveland's support of small business. "A lot of people believe in us," he says. "Clevelanders are working together and they are supportive of small business here. Many of our investors are from Northeast Ohio."
Source: Andrew Kraynak
Writer: Karin Connelly
Kionte Watkins began riding the RTA HealthLine bus rapid transit to work about a month ago to save money on gas. On Friday, April 29, she received more than just a little savings at the pump from RTA when she became the HealthLine's 10 millionth rider.
As number 10,000,000 Watkins received a free one-year pass. "I was just about to buy a weekly pass after work," says Watkins. "It was very exciting. It just topped off my week."
Watkins also received tickets to the Rock and Roll Hall of Fame, a family pass to the Cleveland MetroParks Zoo, and gift cards to area restaurants. Other riders that morning received free one-week passes.
Watkins, 26, is an outreach specialist for the Empowerment Center on Euclid Avenue and E. 30th Street. She rides the #35 to Public Square and then transfers to the HealthLine. The HealthLine, which runs up and down Euclid Avenue between Public Square, University Circle and East Cleveland, has been increasingly popular since it was introduced in October 2008.
"Especially with gas prices rising, it's a good time to find an economic option for getting to work and play," says RTA spokesperson Mary McCahon. "The HealthLine has been growing fast and exceeding expectations. Ten million is a big number in two-and-a-half years."
The 10 millionth-rider event was held to thank RTA customers for their loyalty and support. RTA general manager Joe Calabrese presented Watkins with an oversized fare pass, as well as the other riders with their free weekly fare passes.
Source: Kionte Watkins
Writer: Karin Connelly
As number 10,000,000 Watkins received a free one-year pass. "I was just about to buy a weekly pass after work," says Watkins. "It was very exciting. It just topped off my week."
Watkins also received tickets to the Rock and Roll Hall of Fame, a family pass to the Cleveland MetroParks Zoo, and gift cards to area restaurants. Other riders that morning received free one-week passes.
Watkins, 26, is an outreach specialist for the Empowerment Center on Euclid Avenue and E. 30th Street. She rides the #35 to Public Square and then transfers to the HealthLine. The HealthLine, which runs up and down Euclid Avenue between Public Square, University Circle and East Cleveland, has been increasingly popular since it was introduced in October 2008.
"Especially with gas prices rising, it's a good time to find an economic option for getting to work and play," says RTA spokesperson Mary McCahon. "The HealthLine has been growing fast and exceeding expectations. Ten million is a big number in two-and-a-half years."
The 10 millionth-rider event was held to thank RTA customers for their loyalty and support. RTA general manager Joe Calabrese presented Watkins with an oversized fare pass, as well as the other riders with their free weekly fare passes.
Source: Kionte Watkins
Writer: Karin Connelly
Sharie Renee finds the beauty in what most people would deem garbage. As founder and CEO of Cosmic Bobbins in the St. Clair-Superior District, she takes old paper materials -- such as magazines or brochures -- and transforms them into fashionable accessories.
Cosmic Bobbins puts an emphasis on social awareness. As the granddaughter and great-granddaughter of funeral directors, Renee would contemplate on the meaning of life and the importance of giving back.
"When you're always watching the end of life, you think about what it's all about," she says. "We're all here for a period of time and what comes is an ideology on what business is all about and the social good of making the world a better place."
That ideology is the focus of Cosmic Bobbins. The company revolves around recycling -- or upcycling -- while also supporting and employing charitable organizations both locally and internationally.
Renee works with United Cerebral Palsy in Cleveland, employing up to 38 people in a sheltered work environment, and works with Youth Opportunities Unlimited, teaching sewing skills. Internationally, Renee works with a village outside of Mexico City, employing residents for her weaving and folding needs. "We're giving back to the world one magazine at a time," says Renee.
Most of her clients are businesses that also look out for the environment. She has created pencil holders from old annual reports for University Circle Inc., handbags out of old newsletters for the Cleveland Botanical Garden, and scissors cases for Paul Mitchell from old brochures.
Source: Sharie Renee
Writer: Karin Connelly
Cosmic Bobbins puts an emphasis on social awareness. As the granddaughter and great-granddaughter of funeral directors, Renee would contemplate on the meaning of life and the importance of giving back.
"When you're always watching the end of life, you think about what it's all about," she says. "We're all here for a period of time and what comes is an ideology on what business is all about and the social good of making the world a better place."
That ideology is the focus of Cosmic Bobbins. The company revolves around recycling -- or upcycling -- while also supporting and employing charitable organizations both locally and internationally.
Renee works with United Cerebral Palsy in Cleveland, employing up to 38 people in a sheltered work environment, and works with Youth Opportunities Unlimited, teaching sewing skills. Internationally, Renee works with a village outside of Mexico City, employing residents for her weaving and folding needs. "We're giving back to the world one magazine at a time," says Renee.
Most of her clients are businesses that also look out for the environment. She has created pencil holders from old annual reports for University Circle Inc., handbags out of old newsletters for the Cleveland Botanical Garden, and scissors cases for Paul Mitchell from old brochures.
Source: Sharie Renee
Writer: Karin Connelly
Lights, camera, action!
Paramount Pictures announced plans to shoot an untitled film this summer in Cleveland and surrounding areas. The movie, starring Nickelodeon's Victoria Justice, will be directed by Josh Schwartz and produced by Michael Beugg. It is one of three major motion pictures slated for production in Greater Cleveland this summer.
Paramount Pictures announced plans to shoot an untitled film this summer in Cleveland and surrounding areas. The movie, starring Nickelodeon's Victoria Justice, will be directed by Josh Schwartz and produced by Michael Beugg. It is one of three major motion pictures slated for production in Greater Cleveland this summer.
"I think it's going to be a very exciting summer," says Greater Cleveland Film Commission executive director Ivan Schwarz. "It's creating the infrastructure, jobs and economic development in the area." The film is expected to employ 545 people, including cast, crew and extras.
The Paramount movie is just one part of Schwarz's plan to create 2,500 film-related jobs in everything from driving trucks to catering. "I want to create an industry; I don't want a boutique," he says. "Young people in our state and our community have a choice to work in an industry that's cool and pays well."
The production has been approved to receive funding through the Ohio Motion Picture Tax Credit, administered by the Ohio Department of Development's Ohio Film Office.
Cleveland is becoming more and more attractive to filmmakers because of its diverse scenery. "There is nothing you can't film here except for mountains and desert," says Schwarz. Katie Sabatino, spokesperson for the Ohio Film Office, adds, "Cleveland has a fantastic cast and crew base. With the bigger city and the small towns, it will look like any city or town you need. That's been a really attractive selling point for the film industry."
Source: Ivan Schwarz
Writer: Karin Connelly
Cleveland is an entrepreneurial hotspot right now, and big business in Cleveland wants to make sure local women-owned outfits have equal footing. Springboard Enterprises has joined forces with Ohio-based powerhouses KeyBank, Thompson Hine, and Meaden & Moore to provide women with the keys to building big businesses.
Build it Big is a business development program for women-owned businesses on the fast track to growth. "It's about educating business owners on how to find equity investors and financing," says Maria Coyne, executive vice president of business banking for Key. "It's really about targeting for growth and the desire to grow rapidly."
Applications are being taken through May 23. The number of applicants accepted into the program depends on how many apply, but all applicants will get at least some input. To qualify, companies must have a woman in a key management position with a significant ownership stake; demonstrate a qualified and profitable market opportunity, a track record of milestone achievement and a credible core management team or an ability to attract one.
Companies selected to participate will meet one-on-one with the Build It Big partners to chart effective strategies for growing their businesses, including choosing the right capital, getting the fiscal house in order, and important legal issues such as product licensing, royalties and protecting the company's intellectual property.
The program can only mean good things for Cleveland's entrepreneurial spirit. "We think it's great for Cleveland because we like to grow our own," says Coyne. "We have an entrepreneurial history. Build it Big improves sustainability and growth for all our businesses. And we want to have a shared interest in their success."
Source: Maria Coyne
Writer: Karin Connelly
MC2 STEM High School was named a regional runner-up in an energy conservation competition sponsored by Alcoa Foundation and the Pew Center on Global Climate Change in Arlington, VA. The competition, called Make an Impact: Change our 2morrow (CO2), awarded STEM High School a $1,000 grant for completing the most calculations on how to reduce the carbon footprint with a carbon calculator.
"It was an opportunity for students, teachers, parents and administrators to have hands-on experience in learning about energy conservation in the home," says Vivian Davis, communications and community relations manager for Alcoa in Cleveland.
Three schools in Cleveland participated in the challenge that involved 15 schools nationwide and more than 8,000 students. The Make an Impact: Change Our 2morrow challenge is part of a new $7 million Alcoa Foundation investment to address regional environmental challenges, improve energy efficiency and enhance global reforestation projects.
In addition to the carbon calculators, schools were given a range of educational materials to get students excited about the challenge. MC2 STEM High school, located in the Great Lakes Science Center and GE Lighting's Nela Park in East Cleveland, focuses on hands-on education in science, technology, engineering and math. "It was such a delight," Davis says of the challenge, "We were able to see the school's mission come to life -- to prepare students in stem sciences. I was so impressed."
Source: Vivian Davis
Writer: Karen Connelly
"It was an opportunity for students, teachers, parents and administrators to have hands-on experience in learning about energy conservation in the home," says Vivian Davis, communications and community relations manager for Alcoa in Cleveland.
Three schools in Cleveland participated in the challenge that involved 15 schools nationwide and more than 8,000 students. The Make an Impact: Change Our 2morrow challenge is part of a new $7 million Alcoa Foundation investment to address regional environmental challenges, improve energy efficiency and enhance global reforestation projects.
In addition to the carbon calculators, schools were given a range of educational materials to get students excited about the challenge. MC2 STEM High school, located in the Great Lakes Science Center and GE Lighting's Nela Park in East Cleveland, focuses on hands-on education in science, technology, engineering and math. "It was such a delight," Davis says of the challenge, "We were able to see the school's mission come to life -- to prepare students in stem sciences. I was so impressed."
Source: Vivian Davis
Writer: Karen Connelly
State Farm Insurance is looking for bi-lingual agents with an entrepreneurial spirit. So the agency is holding a job fair at Asian Town Center, located in Cleveland's Asiatown neighborhood, on May 17 from 5:30 p.m. to 7:30 p.m..
"State Farm has really got a push on the multi-cultural market," says Kevin Perry, senior State Farm field executive in the company's Beachwood office. "As a growing company we noticed we didn't have a lot of agents across diverse backgrounds."
Perry says Cleveland offers just the diversity State Farm is looking for. "We thought we'd go out and see what we can find and just go from there," he says. The company sponsored an event at Asia Town Center in January and "it went really well," so it seemed like the right location for a second one.
Ideally, State Farm would like to have an agent in Cleveland's Asiatown neighborhood. "With its location, we'd like to have an agent in there just to have a presence," Perry says. But the company is looking for agents who speak any language in addition to English.
"The right potential agent, with good credit, will be funded by State Farm for startup costs. Agents will receive an $18,000 signing bonus, an additional $12,000 after the first year, a $25,000 line of credit, and a credit card with a $5,000 limit.
"If you enjoy working with people, helping people, educating people, and you're interested in being an entrepreneur you should come in," says Perry. "We're looking for folks who want to be anchored in the community and looking to grow the market."
Source: Kevin Perry
Writer: Karen Connelly
"State Farm has really got a push on the multi-cultural market," says Kevin Perry, senior State Farm field executive in the company's Beachwood office. "As a growing company we noticed we didn't have a lot of agents across diverse backgrounds."
Perry says Cleveland offers just the diversity State Farm is looking for. "We thought we'd go out and see what we can find and just go from there," he says. The company sponsored an event at Asia Town Center in January and "it went really well," so it seemed like the right location for a second one.
Ideally, State Farm would like to have an agent in Cleveland's Asiatown neighborhood. "With its location, we'd like to have an agent in there just to have a presence," Perry says. But the company is looking for agents who speak any language in addition to English.
"The right potential agent, with good credit, will be funded by State Farm for startup costs. Agents will receive an $18,000 signing bonus, an additional $12,000 after the first year, a $25,000 line of credit, and a credit card with a $5,000 limit.
"If you enjoy working with people, helping people, educating people, and you're interested in being an entrepreneur you should come in," says Perry. "We're looking for folks who want to be anchored in the community and looking to grow the market."
Source: Kevin Perry
Writer: Karen Connelly
Roe Green believes in the arts. She can't imagine a world without them, and she wants to make sure people in Northeast Ohio continue to be exposed to the latest in theater, music and dance at the Cleveland Play House. So she made a three-year, $500,000 commitment to FusionFest.
"To me it was a very exciting idea," Green says of the donation. "I like exposing people to new things. It's stuff like this at FusionFest that people would not otherwise see."
Green is honorary producer of the festival that has been celebrating new works since its inception in 2005. She also sits on Cleveland Play House board. "Arts are what make us human; without the arts we're nothing but machines," she says. "I said, 'this is something I can sink my teeth into.' This has become my baby because it perpetuates people doing new work."
Additionally, next year will mark the beginning of the annual Roe Green FusionFest Award. The $7,500 award will be given to a promising mid-career American playwright. "Having arts in the community is very important to the community," Green says, noting that for every dollar spent on theater tickets also means dollars spent for parking, food and other expenses associated with going to the theater.
The winner of the Roe Green Award will also receive script development support. The selected playwright will spend a week in residency at CPH during FusionFest, overseeing rehearsals and reading of the work and engage in workshops and master classes with young theatre artists from the region.
Source: Roe Green
Writer: Karin Connelly
"To me it was a very exciting idea," Green says of the donation. "I like exposing people to new things. It's stuff like this at FusionFest that people would not otherwise see."
Green is honorary producer of the festival that has been celebrating new works since its inception in 2005. She also sits on Cleveland Play House board. "Arts are what make us human; without the arts we're nothing but machines," she says. "I said, 'this is something I can sink my teeth into.' This has become my baby because it perpetuates people doing new work."
Additionally, next year will mark the beginning of the annual Roe Green FusionFest Award. The $7,500 award will be given to a promising mid-career American playwright. "Having arts in the community is very important to the community," Green says, noting that for every dollar spent on theater tickets also means dollars spent for parking, food and other expenses associated with going to the theater.
The winner of the Roe Green Award will also receive script development support. The selected playwright will spend a week in residency at CPH during FusionFest, overseeing rehearsals and reading of the work and engage in workshops and master classes with young theatre artists from the region.
Source: Roe Green
Writer: Karin Connelly
Cleveland State University's Nance College of Business Administration and Shaker LaunchHouse have teamed up to encourage the regions entrepreneurs to follow their dreams.
The agreement was adopted at a special meeting of the Shaker City Council on March 14, after recommendation by the Shaker Heights Economic Development Department.
One of the first endeavors the two have launched is the 2011 Idea Competition. The contest is open to students at any Ohio college or university with an innovative business idea. Ideas should focus on software and Internet technology, low-tech medical devices, and clean energy.
"We really want to get the juices flowing of entrepreneurs in the region," says Shaker LaunchHouse managing partner Todd Goldstein. "We believe it's extremely important to provide an outlet for good ideas."
The winner gets a $2,500 scholarship to the Nance's global AMBA program and $1,000 from LaunchHouse, including incubation space, legal support, accounting support, and business planning assistance. The winner will have the chance to compete for $5,000 in seed funding.
Entry forms are due by noon on Monday, April 25. Finalists will then give a two-minute pitch to a panel of entrepreneurs and venture capitalists at Shaker LaunchHouse on Thursday, May 5. SLH will be offering educational seminars for the contestants to help them with their presentations.
Source: Todd Goldstein
Writer: Karin Connelly
The agreement was adopted at a special meeting of the Shaker City Council on March 14, after recommendation by the Shaker Heights Economic Development Department.
One of the first endeavors the two have launched is the 2011 Idea Competition. The contest is open to students at any Ohio college or university with an innovative business idea. Ideas should focus on software and Internet technology, low-tech medical devices, and clean energy.
"We really want to get the juices flowing of entrepreneurs in the region," says Shaker LaunchHouse managing partner Todd Goldstein. "We believe it's extremely important to provide an outlet for good ideas."
The winner gets a $2,500 scholarship to the Nance's global AMBA program and $1,000 from LaunchHouse, including incubation space, legal support, accounting support, and business planning assistance. The winner will have the chance to compete for $5,000 in seed funding.
Entry forms are due by noon on Monday, April 25. Finalists will then give a two-minute pitch to a panel of entrepreneurs and venture capitalists at Shaker LaunchHouse on Thursday, May 5. SLH will be offering educational seminars for the contestants to help them with their presentations.
Source: Todd Goldstein
Writer: Karin Connelly
Shaker LaunchHouse, a pre-seed investment fund and business accelerator, has raised $250,000 in capital funds. A portion of the money will be used to invest an average of $10,000 in 15 software and disruptive technology companies. "Disruptive technology refers to thinking of things that shake up or dramatically change the market," explains Todd Goldstein, managing partner of SLH.
The investments will be made over the next 12 months. Additionally, SLH will provide office space and back office support to each of the 15 companies. Goldstein and his partner formed Shaker LaunchHouse in 2008 after seeing larger numbers of young entrepreneurs leaving Cleveland for cities that offered greater start-up opportunities.
"We saw a lot of young people moving away because there was a lot of seed money [elsewhere] ," explains Goldstein. "We felt that Cleveland was ripe for an organization that could provide seed money."
SLH's goal is to invest in 15 companies a year, while also providing networking with 100 mentors, cooperative office space and educational programming. SLH provides twice weekly workshops for entrepreneurs led by area business leaders with expertise in everything from how to manage the finances of a startup company to how to write an effective executive summary and make presentations as well as crash courses in website development.
SLH is in the process of moving into a renovated car dealership on Lee Road, which will provide 23,000 square feet of space for entrepreneurs and mentors.
Source: Todd Goldstein
Writer: Karin Connelly
The investments will be made over the next 12 months. Additionally, SLH will provide office space and back office support to each of the 15 companies. Goldstein and his partner formed Shaker LaunchHouse in 2008 after seeing larger numbers of young entrepreneurs leaving Cleveland for cities that offered greater start-up opportunities.
"We saw a lot of young people moving away because there was a lot of seed money [elsewhere] ," explains Goldstein. "We felt that Cleveland was ripe for an organization that could provide seed money."
SLH's goal is to invest in 15 companies a year, while also providing networking with 100 mentors, cooperative office space and educational programming. SLH provides twice weekly workshops for entrepreneurs led by area business leaders with expertise in everything from how to manage the finances of a startup company to how to write an effective executive summary and make presentations as well as crash courses in website development.
SLH is in the process of moving into a renovated car dealership on Lee Road, which will provide 23,000 square feet of space for entrepreneurs and mentors.
Source: Todd Goldstein
Writer: Karin Connelly
While it's common for individual companies to develop a business plan to help prepare for success, Northeast Ohio is one of only three regions in the country to pilot a regional business development plan. The Partnership for Regional Innovation Services to Manufacturers (PRISM) will be headed by MAGNET to help small and medium sized manufacturers thrive in the region.
"It's basically a way to ramp up the level of innovation in the manufacturing sector," says John Schober, MAGNET's director of innovation. "Lots of businesses out there have the potential to grow, but they don't have the resources available to grow."
For instance, these companies may not have access to resources such as marketing or R&D departments. "The PRISM program will help manufacturers identify and access these resourcces," says Schober. "People have been talking about what's going wrong for a while, but no one's talking about what to do about it."
This initiative will take the sub-networks -- government, education, the manufacturing sector, economic development organizations, and service -- and connect them. "The realization came that we're in these networks and we see the gap," says Schober. "We can connect those industries. So we get those collaboratons to solve a problem we've never solved before."
Several organizations have already shown support for the PRISM initiative, including Fund for Our Economic Future, The Cleveland Foundation, and the Greater Cleveland Partnership.
Source: John Schober
Writer: Karin Connelly
"It's basically a way to ramp up the level of innovation in the manufacturing sector," says John Schober, MAGNET's director of innovation. "Lots of businesses out there have the potential to grow, but they don't have the resources available to grow."
For instance, these companies may not have access to resources such as marketing or R&D departments. "The PRISM program will help manufacturers identify and access these resourcces," says Schober. "People have been talking about what's going wrong for a while, but no one's talking about what to do about it."
This initiative will take the sub-networks -- government, education, the manufacturing sector, economic development organizations, and service -- and connect them. "The realization came that we're in these networks and we see the gap," says Schober. "We can connect those industries. So we get those collaboratons to solve a problem we've never solved before."
Several organizations have already shown support for the PRISM initiative, including Fund for Our Economic Future, The Cleveland Foundation, and the Greater Cleveland Partnership.
Source: John Schober
Writer: Karin Connelly
Neuros Medical, a Greater Cleveland based medical device company, has developed a neuro-stimulator that has proven to eliminate chronic pain in amputees. A feasibility study, the first test on humans, showed the company's high-frequency Electrical Nerve Block™ technology reduced pain to zero in four of the five patients studied.
The device, which looks like a pacemaker attached to a wire, uses a high-frequency signal to stop the pain. "It will literally block that pain signal before it gets to the brain to be received," says Neuros president and CEO Jon Snyder. "Patients have complete numbness with no side effects or issues with addiction."
The technology was developed by Case Western Reserve University biomedical engineering professors Kevin Kilgore and Niloy Bhadra. The study was conducted by Dr. Amol Soin of the Kettering Health Network Innovation Center and the Ohio Pain Clinic in Dayton.
"It's amazing when you look at pain studies, and patients have a pain level of seven and you get down to four," Snyder says of other studies in pain reduction. "We had patients with a seven, eight or nine get down to zero. We had one patient sleep through the night for the first time in years."
The next step is to share the data with strategic partners and venture capital firms while doing long-term studies and further develop the technology. "It really keeps you motivated to keep going to get it to market," says Snyder of the results. "It's really meaningful."
Source: Jon Snyder
Writer: Karin Connelly
The device, which looks like a pacemaker attached to a wire, uses a high-frequency signal to stop the pain. "It will literally block that pain signal before it gets to the brain to be received," says Neuros president and CEO Jon Snyder. "Patients have complete numbness with no side effects or issues with addiction."
The technology was developed by Case Western Reserve University biomedical engineering professors Kevin Kilgore and Niloy Bhadra. The study was conducted by Dr. Amol Soin of the Kettering Health Network Innovation Center and the Ohio Pain Clinic in Dayton.
"It's amazing when you look at pain studies, and patients have a pain level of seven and you get down to four," Snyder says of other studies in pain reduction. "We had patients with a seven, eight or nine get down to zero. We had one patient sleep through the night for the first time in years."
The next step is to share the data with strategic partners and venture capital firms while doing long-term studies and further develop the technology. "It really keeps you motivated to keep going to get it to market," says Snyder of the results. "It's really meaningful."
Source: Jon Snyder
Writer: Karin Connelly
The Cuyahoga Arts and Culture (CAC) board recently approved a small grants pilot program for the 2012 funding cycle. The program simplifies the application process for organizations seeking funds up to $5,000.
The CAC's standard Project Support (PS) grant has an upper limit of $50,000 and requires a rigorous application process, including detailed financial and participant data, and a one-to-one cash match for each dollar of CAC funding. This program simplifies the amount of financial data required and allows for 25 percent of the match to be made up in "in kind" professional donations.
"The reason behind creating this program is small community-based non-profits don't have the resources to meet the financial requirements of the larger program," says CAC external affairs director Jonah Weinberg. "This should mean we're able to expand access to these projects throughout Cuyahoga County."
The guidelines for the grants will be available this month. Organizations can begin submitting intent to apply letters June 1. Applications will be reviewed by a public panel, and grants will be awarded at the CAC's November board meeting.
CAC grants are funded by a cigarette tax in Cuyahoga County earmarked for local arts and cultural funding. The CAC has awarded nearly $65 million since the ballot initiative was approved in 2006.
Source: Jonah Weinberg
Writer: Karin Connelly
The CAC's standard Project Support (PS) grant has an upper limit of $50,000 and requires a rigorous application process, including detailed financial and participant data, and a one-to-one cash match for each dollar of CAC funding. This program simplifies the amount of financial data required and allows for 25 percent of the match to be made up in "in kind" professional donations.
"The reason behind creating this program is small community-based non-profits don't have the resources to meet the financial requirements of the larger program," says CAC external affairs director Jonah Weinberg. "This should mean we're able to expand access to these projects throughout Cuyahoga County."
The guidelines for the grants will be available this month. Organizations can begin submitting intent to apply letters June 1. Applications will be reviewed by a public panel, and grants will be awarded at the CAC's November board meeting.
CAC grants are funded by a cigarette tax in Cuyahoga County earmarked for local arts and cultural funding. The CAC has awarded nearly $65 million since the ballot initiative was approved in 2006.
Source: Jonah Weinberg
Writer: Karin Connelly
Shannon Okey enjoys sharing what she knows about knitting. But she didn't like being told what to do by traditional publishers. So, after publishing 12 books the traditional way, Okey launched Cooperative Press in 2006 with The Knitgrrl Guide to Professional Knitwear Design, the first-ever business book targeted to the handknit industry.
"I decided to start my own company and take advantage of some of the things that larger publishers were ignoring or underusing, such as digital publications," says Okey. "We now publish in a variety of formats, including print, PDF and e-book reader formats."
Today, Okey runs her business out of the Lake Erie building at Templar Park in Lakewood. She is the only full-time employee, but she hires freelancers for everything from editing to photography to graphic design. Cooperative Press splits profits equally with its authors, and pays a higher percentage on digital publications.
The biggest hurdle Okey has overcome is financing. "Banks are terrified the second they hear the word 'knitting,'" she says. "Never mind that crafts are a billion-dollar-plus industry. Never mind we're totally in the black and doing great numbers. Our bank wouldn't give us a standard loan. Their underwriters offered up a credit card in its place -- not the same thing."
This month she launched a month-long campaign on Kickstarter to raise additional funds. The effort raised $6,500 in the first week of campaigning. It is now nearing $10,000.
"People believe in what we're doing and they want to see us succeed, so they're willing to give us money where traditional sources won't," says Okey. "I'm hoping we'll raise over $20,000 this month, which will allow us a lot more flexibility in terms of where we print and other factors."
Source: Shannon Okey
Writer: Karin Connelly
"I decided to start my own company and take advantage of some of the things that larger publishers were ignoring or underusing, such as digital publications," says Okey. "We now publish in a variety of formats, including print, PDF and e-book reader formats."
Today, Okey runs her business out of the Lake Erie building at Templar Park in Lakewood. She is the only full-time employee, but she hires freelancers for everything from editing to photography to graphic design. Cooperative Press splits profits equally with its authors, and pays a higher percentage on digital publications.
The biggest hurdle Okey has overcome is financing. "Banks are terrified the second they hear the word 'knitting,'" she says. "Never mind that crafts are a billion-dollar-plus industry. Never mind we're totally in the black and doing great numbers. Our bank wouldn't give us a standard loan. Their underwriters offered up a credit card in its place -- not the same thing."
This month she launched a month-long campaign on Kickstarter to raise additional funds. The effort raised $6,500 in the first week of campaigning. It is now nearing $10,000.
"People believe in what we're doing and they want to see us succeed, so they're willing to give us money where traditional sources won't," says Okey. "I'm hoping we'll raise over $20,000 this month, which will allow us a lot more flexibility in terms of where we print and other factors."
Source: Shannon Okey
Writer: Karin Connelly
JumpStart CEO Ray Leach has been named to the board of the National Venture Capital Association. The NVCA serves as the voice of the United States venture capital community and advocates for policies that encourage innovation and reward long-term investment.
While most of the organization's 400 members represent venture capital firms on the East and West coasts, Leach is the only member representing the Midwest. "In order to be successful as a non-profit, we need healthy venture capital nationally," says Leach. "It's a great way to be there, convincing them they have to invest in the Midwest."
Northeast Ohio leads the Midwest in venture capital deal activity, second only to Chicago in the amount of capital raised by companies with $234 million.
Leach is one of six new NVCA members elected to a four-year term. He was nominated by former NVCA board chair David Morgenthaler of Morganthaler Ventures and member Ray Lane with Kleiner Perkins, who thought Leach would be a good advocate for JumpStart's missives.
"I'm excited to play a role in advancing venture capital nationally and to offer my viewpoint from a region that's reinvented itself with the assistance of innovative initiatives like Ohio's state-led Third Frontier," says Leach. "For example, entrepreneurs in Northeast Ohio have raised more than $1.1 billion in venture capital in the last five years. By serving on the NVCA's board, I hope to bring greater visibility to our region's activity to increase investments and ultimately job growth."
Source: Ray Leach
Writer: Karin Connelly
While most of the organization's 400 members represent venture capital firms on the East and West coasts, Leach is the only member representing the Midwest. "In order to be successful as a non-profit, we need healthy venture capital nationally," says Leach. "It's a great way to be there, convincing them they have to invest in the Midwest."
Northeast Ohio leads the Midwest in venture capital deal activity, second only to Chicago in the amount of capital raised by companies with $234 million.
Leach is one of six new NVCA members elected to a four-year term. He was nominated by former NVCA board chair David Morgenthaler of Morganthaler Ventures and member Ray Lane with Kleiner Perkins, who thought Leach would be a good advocate for JumpStart's missives.
"I'm excited to play a role in advancing venture capital nationally and to offer my viewpoint from a region that's reinvented itself with the assistance of innovative initiatives like Ohio's state-led Third Frontier," says Leach. "For example, entrepreneurs in Northeast Ohio have raised more than $1.1 billion in venture capital in the last five years. By serving on the NVCA's board, I hope to bring greater visibility to our region's activity to increase investments and ultimately job growth."
Source: Ray Leach
Writer: Karin Connelly