Example of Venture Development
JumpStart Inc. is a non-profit venture development organization in Northeast Ohio that has exemplified the venture development model since its inception in 2004. JumpStart is a non-profit organization focused on promoting entrepreneurship by investing in high-growth potential entrepreneurs and assisting them to propel their business to the next level of funding by providing business assistance through their Entrepreneur-in-Residences and guidance in raising subsequent investments (either Angel Investor or Series A Venture Capital). With a venture development organization such as JumpStart, 100 percent of its return-on-investment is placed back into the fund; ROI is not JumpStart’s priority, as with a venture capital organization. JumpStart’s charitable gifts from funding partners are all focused on economic development returns or regional wealth creation, while venture capital firms have limited partners.
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