A significant portion of the work of BioEnterprise Corp., the Cleveland nonprofit that has supported young biotechnology companies and that sharply curtailed its services in the spring, is being taken over by JumpStart Inc., another nonprofit that supports a broader range of entrepreneurs.
JumpStart’s chief investing and services officer, Jerry Frantz, told Crain’s on Wednesday, Aug. 26, that the two organizations have always worked collaboratively — JumpStart actually oversees the state funding of BioEnterprise and other economic development nonprofits — and that JumpStart, and other local organizations with biotech interests, will step in to replace the assistance and advice BioEnterprise offered to young medical and health care businesses. BioEnterprise was created in 2002, while JumpStart started in 2004.
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Story excerpt provided by Crain’s Cleveland Business.
Written by Jay Miller.
Originally published Aug. 30, 2020.