Flashstarts Looks for Big ideas to Fund Over 100 Startups

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View the original story published by WKSU.

Published on May 13, 2017.

A Cleveland venture capital group plans to fund over 200 startups in Ohio through a new state-wide initiative.

Flashstarts is working with the Third Frontier program to distribute over $100 million over the next three years. It’s called the Cleveland200 fund. Flashstarts CEO Charles Stack says at least $5 million of the fund will advance job growth in Northeast Ohio by supporting startups.

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The program will boost the startups with grants from $20,000 to $50,000 per company.  Stack says it is a “once-in-a-generation opportunity” since there are no plans to renew the fund.