At StartupScaleup, JumpStart unveils investments from diversity-focused fund

Story excerpt provided by Crain’s Cleveland Business.

Written by Chuck Soder.

JumpStart just announced five new investments that align with its revised mission statement.

The Cleveland, Ohio, nonprofit recently invested $350,000 in five startups via a new fund that focuses on female and minority entrepreneurs, CEO Ray Leach announced at JumpStart’s StartupScaleup conference.

He noted that a Rootstown company called BioMendics — which has developed a gel that heal wounds with the help of liquid crystal technology — received a $250,000 investment from the Focus Fund, which makes investments throughout Ohio.

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Originally published June 28, 2016.

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