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A bureau within the U.S. Department of Commerce
OIE Background

Office of Innovation and
Entrepreneurship (OIE)

Jumpstart Inc.


Cleveland, OH

Project Name

The JumpStart MedTech Fund


Seed Fund Support

Award Amount

Federal Share

Non-Federal Share



JumpStart will create a $30-$35M JS MedTech Fund focused on biomedical devices, diagnostics and healthcare IT startups in the Northeast Ohio region in an effort to fill an early-stage capital gap estimated to be as large as $392M in 2014. JumpStart anticipates making 20-25 seed stage investments ranging from $100K to $2M and estimates five-year impacts to include $125m in follow-on investment capital, 25 new business starts, and 210 direct jobs.