Entrepreneurs + Innovators

china-based investment of $100m will go to american and cleveland biomeds
A new partnership between a leading China-based biomedical development company and the Cleveland Bio Fund (CbF) will result in a $100 million fund to invest in U.S companies, including those in Cleveland. The Cleveland Bio Fund will help identify and invest in small- to mid-size medical device companies looking to enter the Chinese market.

“[Cleveland Bio Fund] will provide both capital and know-how for device companies looking to expand their products into China. It is a unique boutique style investment strategy needed for that market,” explains Eddy Zai, CEO of CbF

Executives are traveling to Cleveland this week to meet local officials, tour the Health Tech Corridor, and meet with companies that could take advantage of this unique business model.

Cleveland Mayor Frank G. Jackson welcomes the investment in Cleveland from China.

"Investments in the City of Cleveland are good, whether they are made locally or by foreign investors. We welcome the opportunity to partner with the Cleveland Bio Fund as it will better connect Cleveland to the global economy," said Mayor Frank Jackson.

Read the rest here.
bizdom u: where graduates earn a degree in startups
Bizdom U, a business accelerator that trains, mentors and funds innovative, growth-oriented startup companies, kicks off its inaugural class in less than two weeks. Based on a similar program in Detroit that was launched three years ago by Quicken Loans owner Dan Gilbert, Bizdom U hopes to kindle a new wave of entrepreneurial spirit in Cleveland.
novel tactics: death of indie bookstore has been greatly exaggerated
Despite dire news to the contrary, the indie bookstore is not dead -- especially in Cleveland, one of the most literate cities in the nation. But that doesn't mean booksellers can coast on sales of Woolf, Pynchon and Roth. More than simply literary vending machines, the best indie bookstores have learned to adapt by offering poetry readings, book signings, live music, and even glasses of Australian chardonnay.
growing aromatherapy company leases space at downtown's leader building
Aeroscena is tapping into the world of aromatherapy with Ascents -- little sachets of essential oils that creators say not only smell nice, but help with everything from weight loss and insomnia to energy and relaxation. Aeroscena CEO Mark Kohoot says the idea was inspired by the 18th and 19th century trend of women wearing their own personal scents around their necks.
 
“Ascents are an innovative way to experience aromatherapy in a portable diffuser,” explains Shannon Gibb, product manager. “They are all natural, made with essential oils."

There are five different scents, each of which comes in a little packet. Unseal the packet and inhale the scent up to 500 times. The five signature blends are: Sleep, Energize, Calm, Focus, and Curb for weight loss.
 
Founded a little over a year ago, Aeroscena employees telecommuted from home until June of this year, when the company opened offices in the Leader Building downtown. Ana Sorel was just hired as marketing manager and Aaron Cornell was brought on as the new CFO. Gibb says the next step is to build a solid sales rep staff.
 
Ascents are available on the company’s website, at Nature’s Bin in Lakewood and at 360-5 Wellness Store at the Cleveland Clinic. The Clinic also gives Ascents to participants in their online sleep program, Go! to Sleep.
 

Source: Shannon Gibb
Writer: Karin Connelly
fashion boutique moves into long-vacant shaker square storefront
Fashions by Fowler, a popular women's clothing boutique run by sisters Renay and Tracy Fowler, has relocated to a Shaker Square storefront that has been sitting empty for years. Previously home to Metropolitan Galleries and Ann Taylor Loft, the 5,200-square-foot space is considerably larger than the boutique's old home on Mayfield Road.

"It's been very exciting," says Renay Fowler of the new space. "Shaker Square is so diverse in terms of nationalities and cultures, which I love. We're also positioned right between a bank and a Subway store, so we get a lot more walk-in traffic."

Fowler says that she has had little trouble filling her larger digs with both merchandise and customers. "We have a very diverse inventory, and we specialize in unique, one-of-a-kind items," she says. Some of the items the store carries include costume jewelry, furs and cowhide boots inlaid with rhinestones.

"If you're looking for something fun, glitzy and one-of-a-kind, that's what we do," says Fowler. "People assume our inventory is more expensive than it actually is -- you can get an entire outfit in our store for under one hundred dollars."

Fashions by Fowler features work by local clothing designers as well as smaller companies that are based in New York, Los Angeles, Las Vegas and Atlanta. In addition to its unique clothing inventory, the store employs an in-house milliner and a staff person that repairs costume jewelry.

"That's very hard to find these days," says Fowler. "People can bring a drawing in and get a hat or costume jewelry made for them."


Source: Renay Fowler
Writer: Lee Chilcote
east cleveland's growing urban garden scene helps quench food deserts
The growing number of urban gardens in the city of East Cleveland prompted the second annual Urban Gardens and Farmers Market Open House. Held last Saturday, the event highlighted the blossoming of urban farms and gardens in a community that lacks even a single major grocery store, says Nicole Wright, Program Coordinator with the Ohio State University Cuyahoga County Extension office, who helped to organize the event in collaboration with local residents.

Wright says the proliferation of local gardens is helping local residents to grow and eat healthier food, save money on food expenses, reuse and beautify vacant land, improve community health outcomes and potentially earn money by selling locally grown produce at the Coit Road Farmers Market.

"We're definitely making an impact," says Wright, citing the presence of nine community gardens in the city. "East Cleveland has an unusually high concentration of gardens for a small city. When you look at Cuyahoga County as a whole, it actually has the second highest number of gardens."

Three years ago, OSU Extension, the Cuyahoga County Board of Health, and the Cuyahoga County Planning Commission applied for and were awarded a grant from the Center for Disease Control. The resulting program, Creating Healthy Communities, helps to address public health issues in East Cleveland and Euclid by providing better food choices and encouraging healthier lifestyles.

"We chose East Cleveland because it has low access to fresh foods and high rates of chronic, preventable diseases like heart disease, diabetes and obesity," says Wright. "We want to help people to become more self-reliant."

East Cleveland was also selected because of its Coit Road Farmers Market, a local institution that is not frequented often enough by local residents, says Wright. One of the goals of Creating Healthy Communities is to turn that trend around.

In recent years, the farmers market has been encouraging local residents to grow and sell their produce at the market. This fruitful partnership is helping to reengage local residents with this fresh food venue. "This is about promoting the market that's right there in the community," says Wright.


Source: Nicole Wright
Writer: Lee Chilcote
cleveland's new generation of entrepreneurs featured on 'state of the re:union'
Launched in 2009, "State of the Re:Union" is a public radio program that sets out to explore what American cities are doing to create community in light of challenging circumstances. In this episode on Cleveland, the hosts delve into how a new generation of entrepreneurs is helping to transform the city.
 
"Cleveland, Ohio is a city that was made by entrepreneurs, but for decades, it’s been known as a city that’s a shell of its former manufacturing-era glorious self. However, Cleveland is being embraced by a new generation of entrepreneurs as a place to put their dreams in motion."
 
In large because it is an affordable city, argues observers, Cleveland is birthing a new wave of entrepreneurs who have less to risk than they would in pricier metros.
 
"Cleveland is a city of second chances," says Councilman Jay Westbrook.
 
This engaging broadcast includes Ray Petro of Ray MTB, Jennifer Coleman of CityProwl, Ray Leach of JumpStart, Evergreen Cooperatives, plus many others
 
Listen to the whole thing here.
80 entrepreneurs, 300 guests expected to attend neo entrepreneur expo
JumpStart will celebrate the region’s entrepreneurs at the Northeast Ohio Entrepreneur Expo and JumpStart Community Meeting on Tuesday, October 25 at the John S. Knight Center in Akron. The event will feature high-growth entrepreneurs, student entrepreneurs and investors. 

Organizers have signed up 20 entrepreneurs to exhibit their companies, and expect almost 80 by the time of the event. Three hundred people have already signed up to attend the event.
 
Entrepreneurs attracted $237 million in angel and investor capital to the area in 2010 and created or retained more than 8,500 jobs since 2005. Officials at JumpStart think those numbers are reason to celebrate and continue to encourage people to follow their ideas and dreams.
 
“We believe entrepreneurship is the key to creating jobs in the community,” says JumpStart director of communications Samantha Fryberger. “By having people involved in one place at one time creates a sort of synergistic celebration of what’s been done and what’s coming ahead.”
 
New this year is an educational component to the expo, focused on three main areas: capital, talent and public relations. Community leaders will speak on these three areas of entrepreneurship to help advise participants in how to raise capital in both traditional and non-traditional ways, how to attract good talent on a budget, and the importance of good PR to promote a business on a budget.
 
Student entrepreneurs will also get a chance to showcase their ideas, network and get feedback on things like elevator speeches and developing their ideas.
 
The expo is free to the public. Exhibitor booths are $85.
 

Source: Samantha Fryberger
Writer: Karin Connelly
company's ad-supported printing is win-win for both libraries and users
Ryan Clark and Nathan Lambert know how to sell advertising. They also figured out a way to help libraries offset printing costs. The co-founders of Knowta, a Shaker LaunchHouse portfolio company, have created a unique print ad system that runs ads at the bottom of a page that users print out at the library.
 
The concept is brilliantly simple: Users elect to receive the advertising in exchange for free or discounted printing. Instead of receiving documents on typical 8.5" x 11" paper, they are printed on 8.5" x 14" paper, with the bottom three inches featuring a perforated section of full-color ads. Advertisers are able to tailor or change their ads at will to fit the time of day, content or location of the user’s document.
 
“Libraries are really challenged by economic models,” says Lambert. “Knowta meets those challenges with sustainable printing.” A portion of the revenue collected from the ads goes back to the library to offset printing costs and other expenses. Lambert and Clark have already secured contracts with local merchants around the Case campus.
 
Knowta will launch its product in CWRU’s Kelvin Smith Library in October, followed by a launch in the Cuyahoga County Public Library system later this fall. While Lambert and Clark plan to expand in Northeast Ohio, they also have plans to sell their product outside of the region.
 
“As we grow we’ll be growing within the region with additional locations within the Cuyahoga County Library system and the higher education market within Northeast Ohio, with a few target markets outside Northeast Ohio,” says Clark.
 
The company has one full-time employee, with plans to hire regional sales reps as they continue to expand.
 

Source: Ryan Clark and Nathan Lambert
Writer: Karin Connelly
cleveland-based ceos for cities is first new office organization has opened in 10 years
CEOs for Cities, a global nonprofit network of urban leaders focused on making American cities more successful, has opened an office in Cleveland. Lee Fisher, former Ohio Lt. Governor, Ohio Attorney General, and director of the Ohio Department of Development, was named president and CEO of the organization earlier this year and insisted his offices be in Cleveland.
 
“I told them I was a lifelong Ohioan and did not want to move out of Ohio,” Fisher says. The Cleveland office is the first new office CEOs for Cities has opened in 10 years. The organization has offices in Chicago and Washington, D.C., with partners in 15 cities.
 
CEOs for Cities brings civic leaders from around the country together to come up with solutions to struggling economies and helps cities like Cleveland thrive.
 
“We’re a national network of urban leaders from the public, private and non-profit sectors to develop best practices,” explains Fisher. “We want to bring university and college presidents, business leaders, mayors and city councils together to discuss how to make cities more vibrant, sustainable and attractive.”
 
Based in Cleveland State University’s Levin College of Urban Affairs, Fisher felt it was the best location to keep his finger on the pulse of what’s going on in the city. “I wanted to be somewhere where I can be around smart, urban thinkers like [Levin dean] Ned Hill. I wanted to be in an exciting atmosphere.”
 
One of Fisher’s goals is to create a cluster partnership between Cleveland, Akron, Canton and Youngstown in which city leaders will come together to share innovative best practices. The cluster group will share their thoughts with other city leaders in the CEOs for Cities partnership and, in turn, will gather information from other regional leaders.
 

Source: Lee Fisher
Writer: Karin Connelly
today's showcase in the circle to highlight region's assets
On its inaugural year, University Circle's Showcase in the Circle & Circle Home Tour attracted over 400 people. For its second act, organizers anticipate much larger crowds.
 
"The size of the event is expected to grow this year given the amount of residential and commercial development happening right now in the Circle," says Erika McLaughlin, Public Affairs Manager for University Circle Inc.
 
The purpose behind this free event is to “showcase” the fact that University Circle and its surrounding neighborhoods are not only great places to visit, but also to live, work and do business.
 
Attendees will have the opportunity to meet and greet more than 50 exhibitors that range from small businesses and financial institutions to nonprofits and world-class museums, all of which call University Circle home.
 
Following the event at Judson Manor, guests will be "Lolly the Trolleyed" to various homes, housing and hotel options in University Circle.
 
The Showcase takes place today at Judson Manor (1890 E. 107th St.) from 3 to 7 p.m.
 
For more info, click here.
new vegan bakery rises in ohio city's ever-expanding market district
A new bakery on W. 25th Street is out to prove that dairy-free desserts can be just as addictive as the most decadent slice of chocolate cake -- while also cutting back on the calories, health risks, and guilt associated with many of our favorite vices.

Just ask Margaret Bilyeau, owner of the newly opened Maggie's Vegan Bakery, who boasts of her vegan "chocolate" cupcakes with "cream cheese" icing: "You need to come try them -- they're wonderful."

That shouldn't be too hard; she offers free samples to customers who stop in her store, located at 1830 W. 25th Street in Ohio City's ever-expanding Market District.

Bilyeau first started baking professionally in 1994. She sold her goods at farmers markets and the now-closed Food Co-op on Coventry Road in Cleveland Heights. Advised by a Co-op employee that she should start baking vegan because few others were serving that market, Bilyeau started doing just that.

But first she had to learn what being vegan actually means. "I said to him, 'What's that? How do you do it?'" she says. "He told me, 'You have to figure it out.' At the time, not very many people were doing it. It's a much bigger market now."

Although Bilyeau prepares her vegan baked goods strictly sans dairy, her customers aren't limited to hardcore vegans or vegetarians. Increasingly, they are also heart patients or elderly people that can't eat dairy for health reasons, or people who aren't consuming dairy products because of religious reasons.

Bilyeau also makes gluten-free baked goods to serve another growing market -- people with Celiac Disease who are allergic to wheat, rye and barley. "It's hard to find fresh gluten-free bread," she says. "It's flying off of the shelves."

Her ultimate goal is to ramp up her distribution business and ensure that more restaurants in Cleveland carry vegan and gluten-free desserts and other baked goods.

Bilyeau chose Ohio City because she shops at the West Side Market and saw new businesses opening up in the area.

"We're right between the new Mexican restaurant, Orale, and Johnnyville Slugger," she says. "I love being here."


Source: Margaret Bilyeau
Writer: Lee Chilcote
local coffee roaster launches cle blend for airport coffee drinkers
Coffee aficionados at Cleveland Hopkins International Airport were at a loss when Banjo’s closed its door last year. The coffee shop was the only stop in the C concourse for Phoenix Coffee junkies to get their fill. So when Auntie Anne’s approached the local roaster about supplying their coffee, Phoenix decided to introduce a unique blend that is all Cleveland: CLE Blend.
 
“It’s a Cleveland pride thing,” says Phoenix CEO and self-described superbarista Sarah Wilson-Jones. “We thought it was time to have a coffee that is uniquely Cleveland.” The name reflects the Cleveland airport code.
 
The coffee, which originated as an espresso blend, is a combination of Brazilian, Columbian, Costa Rican and Sumatran coffees and is a medium body blend with floral aromas and touches of vanilla and a chocolate finish. The blend has its own logo – a CLE baggage tag.
 
Introduced in July, CLE Blend tempts travelers as they enter or leave the airport’s C concourse. It’s also available at Phoenix locations around Northeast Ohio and online. “It was designed to celebrate our relationship with the airport,” says Wilson-Jones. “It’s designed for Clevelanders by Clevelanders.”
 
Wilson-Jones says Auntie Anne’s approached Phoenix because they wanted a local connection for their coffee products.

“There’s a popular demand for local coffee in the airport,” she says. “And that’s what drove Auntie Anne’s to call us.”
 

Source: Sarah Wilson-Jones
Writer: Karin Connelly
if walls could talk: historic properties make compelling new workspaces
When savvy small business owners with an eye for form and function set their sights on historic Cleveland properties, the resulting atmosphere soars beyond the reach of boxy suburban strip malls and bland skyscrapers. Behold recycling on the most profound level: repurposing spaces created decades ago into modern, functional, and inspiring workplaces.
hatch helps entrepreneurs bring bright ideas to market
Christopher Celeste and Blake Squires have business in their blood. Over the course of their careers, each has made his way through the political world, the marketing and digital music world, and everything in between. Together they founded and fostered Solon-based Findaway World before each eventually left the company.
 
The two came together again when they realized they most liked forming businesses, and wanted to put their knowledge to work helping others do the same.

“I spent a lot of time in my career helping people bring ideas to market,” says Celeste. “One on the things I realized I wanted to do is help other people create businesses.”
 
So the two created Hatch Partners, which stands for Help At The Critical Hour. The company helps entrepreneurs all over Northeast Ohio bring their ideas to life, whether it’s through mentoring, advising or financing.
 
“The idea behind Hatch is that every entrepreneur has that moment of Should I pursue this idea?" explains Celeste. “We like being at the moment if inception when an idea is really coming to life.”
 
While Hatch occasionally provides capital to its portfolio of startups, its underlying function is to encourage other entrepreneurs. “We have no interest in becoming venture capitalists,” says Celeste. “The idea is really being an advisor and coaching.”
 
Unlike other business incubators in the area, Hatch is focused on coaching. “We’re neither place-based nor institutional,” says Celeste.  “We’ve had a lot of good fortune in our lives. There were always key people who said, ‘Yes you can. You can build this business.’”

 
Source: Christopher Celeste
Writer: Karin Connelly
entry-level jobs + affordable rents = cleveland tops for recent grads
Newly minted graduates require two things to make life easy: a job requiring less than a year of experience and a place to live that doesn't require a forklift of cash. Cleveland, according to a recent analysis by CareerRookie and Apartments.com, has both.
 
"Newly graduated and ready for a change of scenery? The best city for recent grads is Hartford-New Haven, Conn. On its heels are Cleveland, Boston and Denver."
 
CareerRookie and Apartments.com ranked the cities based on the population of young adults between the ages of 20 and 24, number of jobs requiring less than a year of experience, and the average rent of a one-bedroom apartment.
 
Average rent for a one-bedroom apartment in Cleveland is $695.
 
See the rest of the ranking here.
heartlab's $18.4m financing paves the way for faster growth
Cleveland HeartLab is moving quickly in the prevention and detection of cardiovascular disease. The company, spunoff from the Cleveland Clinic in 2009, is a clinical laboratory and disease management startup that has developed a series of diagnostic tests for determining the risk of heart disease and stroke.
 
The company, which has grown from eight to 80 employees in two years, just completed an $18.4 million Series B financing round with Excel Venture Management and HealthCare Ventures, both out of Boston.
 
The investment will allow Cleveland HeartLab to expand -- both in employees and market acceptance. In addition to its current offerings, the company plans to introduce additional diagnostic tests in 2012. "The goal is to eliminate the threat of vascular inflammation," he says.
 
"The funding allows the company to double in size again," says Jake Orville, president and CEO. "And we've just committed to moving off [the Clinic's] campus to the Health Tech Corridor."
 
Orville predicts the company will double again in the next two years, adding positions in management, sales, marketing, and research and development. He attributes his company's growth to a talented, dedicated staff.

"We have the gift of really good novel technology," he says. "Combine that with really good people and a really good business plan."
 

Source: Jake Orville
Writer: Karin Connelly
10-year-old everstaff staffing continues to grow by leaps and bounds
What started a decade ago as a business of one in a little office in University Heights has blossomed into one of the fastest growing companies in the nation. Danny Spitz, president and CEO of EverStaff, started the professional staffing company to satisfy his entrepreneurial spirit. Today, the company has 50 employees in 14 branches across 25 states.

And they aren't done yet, says Spitz. "We’d like to be known as the next national staffing agency,” he says. “Our goal is to open one to two offices every quarter.”
 
EverStaff has three staffing specialties: Professional, manufacturing and retail. Services include everything in the hiring process, from pre-screening to interviewing to providing references. “We provide the resources to every client to assist them with the hiring process,” explains Spitz.
 
Spitz credits EverStaff’s success with its close attention to client needs. “We consider ourselves different than other people in the industry because we get to know our clients and customize our services to them,” says Spitz. “We provide a customized service to our clients and, more importantly, we listen to them.”
 
Spitz started his career with an accounting degree and four years at Robert Half International. “It was a great starting ground for me,” he says. “But I was at a point in my life where I always had an entrepreneurial mindset and decided to out on my own.”
 
EverStaff has twice been in the Weatherhead 100 and Inc. Magazine’s 500/5000 list of fastest growing companies.
 

Source: Danny Spitz
Writer: Karin Connelly
homegrown national conference aims to make cleveland hub for marketing
The decline of traditional newspapers, rise of the Internet, and advent of social media has led to a dizzying media revolution in the past two decades. A new conference aims to help marketing and communications professionals to keep up with these fast-paced changes -- and to make Cleveland a hub for marketing worldwide.

Content Marketing World, a first-ever national conference that will take place at the Renaissance Cleveland Hotel, aims to help businesses and nonprofits place storytelling at the center of their work and to create their own marketing channels to reach consumers rather than relying on traditional media.

"To create and attract customers, marketers need to create valuable, relevant, timely content," says Joe Pulizzi, founder of the Content Marketing Institute, a company headquartered in Cleveland, and organizer of the event. "Customers are bombarded by marketing all day long -- more companies realize they need compelling content during all parts of the buying cycle."

The event will feature more than 50 speakers from around the country, including bestselling authors David Meerman Scott and Sally Hogshead. Comedian and filmmaker Kevin Smith, who bucked Hollywood with the independent release of his early films and is set to release "Red State" this fall, is also part of the lineup.

Given the rich history of marketing and custom publishing firms rooted in the city, Pulizzi hopes to shine a spotlight on Cleveland's content marketers -- and to tout the city as a great place to do business.

"You don't have to be in Hollywood or on Madison Avenue anymore to tell a good story," he says. "Why not Cleveland?"

Content Marketing World takes place from Sept. 6th-8th.


Source: Joe Pulizzi
Writer: Lee Chilcote