The Cleveland region will invest $160M in seed stage startups by 2020.
The Cleveland region has recently witnessed the launch a new group of seed stage funds totaling over $160,000,000. This is the largest regional seed-stage investment pool in the world. The focus of the Flashstarts accelerator program and the Cleveland200 fund is to make startups investment-ready for follow-on investment by this $160M regional investment pool over the next 3 years.
Our goal is to increase the number of quality startups that will be able to leverage these funds, and we are leading a national recruitment effort to attract companies to Northeast Ohio. Cleveland200 is an educational toolkit and an application portal that prepares high growth startups for investment from the Northeast Ohio ecosystem. With an average of $500,000 per investment, there will be about 200 seed stage companies that will receive funding. These 200 startups will receive the support and funding they need to build successful companies that will generate wealth, jobs, and transform the Cleveland Region.