JumpStart recently invested $250,000 in Casentric, a Shaker Heights developer of a cloud-based software-as-a-service application to help insurance companies resolve property and injury claims quickly and fairly. CaseXpert streamlines the information needed to resolve a claim by integrating liability, injury and medical reports into one, making the adjuster’s job easier and un-biased.

“This tool helps insurance companies resolve their cases more accurately and ... Read more >

An entertainment industry veteran who watched the rise and fall of the Flats has opened a nightclub inside the historic Centrum Theatre in Coventry Village. He believes it can add to entertainment options in the community and help bring the venue back to life.

Mike Mercer, who ran Club Coconuts and Howl at the Moon on the West Bank, among other properties, recently opened Club Centrum inside the theatre. The property is owned by TRK LLC, a development company based in Col... Read more >

During a recent address at the City Club of Cleveland, Joel Ratner of Neighborhood Progress Inc. touted recent success stories that the nonprofit has invested in, including a new home for The Intergenerational School underway at the Saint Luke's campus.

Ratner believes that even though Cleveland has been hard hit by the foreclosure crisis, the city can stabilize its population and begin to grow again through promoting thoughtful, equitable, synergistic development tha... Read more >

Bizdom and the Shaker LaunchHouse Accelerator (LHX) program each received $200,000 from the Third Frontier Ohio’s New Entrepreneurs (ONE) Fund to invest in a total of 20 startups. The two are the only business accelerators in Ohio to receive the funding.

While Bizdom’s program focuses on software and web opportunities in healthcare, consumer finance, real estate, entertainment, sports, online marketing and gaming, the LHX program centers on technology, interne... Read more >

A student-operated restaurant, a Cleveland-centric advocacy group, and a venture aiming to transform vacant lots into summer program spots for kids were the big winners of The Cleveland Colectivo's fast- pitch presentation event on February 28.

The high-energy affair hosted by Shaker LaunchHouse drew over 125 attendees. They voted on 46 presenters who came with innovative ideas and hopes of getting funding from the Colectivo, a grassroots, Cleveland-based giving circl... Read more >

This week, Ohio City Incorporated and Detroit Shoreway Community Development Organization launched an unprecedented joint process to develop a streetscape plan for long-suffering Lorain Avenue.

The street, which runs through the heart of Cleveland's west side, was historically a bustling neighborhood retail corridor. Although it fell on hard times beginning in the 70s, it has recently drawn investment by entrepreneurs like Ian P.E. of Palookaville Chili and David Elli... Read more >

The Burton D. Morgan Foundation, which supports entrepreneurship education and programming in Northeast Ohio, awarded a $1 million grant to JumpStart last week for an entrepreneurial mentoring program over the next three years.

“Our goal is to reach aspiring entrepreneurs by using the talent and time of the mentors to help these businesses move along with their plans,” explains Deborah D. Hoover, Burton D. Morgan Foundation CEO and president.
&nb... Read more >

Startup Weekend is returning to Cleveland March 8-10 at the 5th Street Arcades. An event that originated in Seattle, Startup Weekends occur all over the world and are designed to get people with the entrepreneurial bug together to pitch ideas, form teams to hash the ideas out and potentially form companies.

 
The event has not been held in Cleveland since 2009, but thanks to the efforts of Hyland Software employees Ryan Marimon and Brian Adams, it&rsquo... Read more >

Expedient and Fast Switch are bringing their Tech Strategy event to Northeast Ohio. Started in 2007 in Columbus by Fast Switch, the Tech Strategy events are relaxed invitation-only networking events between senior level IT executives and promising technology startup companies.

Expedient got on board as a co-sponsor soon after the group’s inception, and now the two companies brought the concept to 70 attendees at Lockkeepers in Independence o... Read more >

Innovative ideas abound in Northeast Ohio, believes Judy Wright, founding member of The Cleveland Colectivo. Too often, however, those dreams are not big enough to draw the attention of the major grant makers in town.

The Colectivo was designed to fill that gap. A grassroots, Cleveland-based giving circle that pools funds to make contributions in the community, the group is inspired by the traditional practice of immigrant neighbors who invested in each other’s busi... Read more >

When we last checked in with real estate developer Howard Grandon, he was kicking off renovations of a 9,000-square-foot Detroit Shoreway building into four apartments and five retail spaces. The structure, which had housed an illicit nightclub called "Cheerios," sat vacant for seven-plus years before he bought it.

That was then, this is now. Although it's taken him longer than he anticipated, two and a half years later the results are plain. Grandon's b... Read more >

Venture for America, a non-profit group that places new college grads in startup companies, is coming to Cleveland. The New York-based organization focuses on placing new college grads in jobs at startups in cities with a low cost of living and in the process of revitalization.

“The goal is to create young entrepreneurs,” explains VFA vice president of corporate development Mike Tarullo. “Too many of our best and brightest are going into big firms and to... Read more >

The Ohio City developer who successfully turned around the long-struggling block of buildings on W. 25th Street north of Bridge Avenue is turning his attention to two big new real estate projects.

Tom Gillespie, who also owns Gillespie Environmental Technologies, is starting work this month on turning the gutted former Jay Hotel into market-rate apartments. He also recently purchased the shuttered building at 2030 W. 25th Street south of Lorain Avenue that once housed Clu... Read more >

Dan Malz is a science guy and a rum aficionado who always dreamed of making his own rum. Three years ago over a pint of Guinness, that dream was on the way to becoming a reality. That's when Malz and his three business partners, John Marek, Keith Sutton and Matthew Zappernick, founded Portside Distillery, Cleveland’s first distillery since Prohibition.
 
Portside Distillery produces small-batch artisan spirits and craft beers from its lakeside location on W.... Read more >

Shaker LaunchHouse raised $15,000 at its second annual gala, held last week at Crawford Galleries of Western Reserve Historical Society. The money will help support Cleveland’s budding entrepreneurs. More than 260 attended the event, which was sponsored by the Shaker Heights Development Corporation.
 
“It was huge,” says LaunchHouse co-founder Todd Goldstein. “There were entrepreneurs, business leaders, successful CEOs of companies and people f... Read more >

Two Cleveland families with deep Irish roots have teamed up to open an Irish bar and concert venue in Kamm's Corners. They say that Paddyrock Superpub will live up to its name, offering a range of live music, live sporting events on big-screen TVs and a full menu.

"What we're doing is original for a neighborhood bar on the west side, because there are no other concert-type venues like this one," says Sheila Sheehan, who opened Paddyrock with her husband ... Read more >