VC  Innovation Fund Ohio

     Office Locations:

151 Innovation Drive
Elyria, OH 44035
Phone: 440-366-4121



  • Early



  • Information Technology
  • Life Sciences & Healthcare



    The Innovation Fund, founded by the Lorain County Community College Foundation (2007), is a regional fund focused on supporting technology-based entrepreneurial endeavors and emerging technology-based businesses. The Innovation Fund is supported and administered through a regional and state network of higher education, government and economic development partners to nurture a technology-based entrepreneurial environment for wealth creation and job growth in Northeast Ohio. The Innovation Fund fulfills its mission of promoting education and economic development by providing modest awards (up to $100,000) to promising technology-based start-ups located or willing to locate within the 21 counties of Northeast Ohio. Awards are made to help early-stage entrepreneurs progress through the business development continuum by providing resources to help validate the technology or prove the business model. In turn, recipients of Innovation Fund awards are required to provide an entrepreneurial educational opportunity or internship for students, faculty or staff of Lorain County Community College and/or one of the Innovation Fund's partnering higher education institutions.

    Investment Firm Key

       VC = Venture Capital
       PE = Private Equity
       A = Angel
       I = Incubator
       MB = Merchant Bank
       VD = Venture Debt
       FI = Family Investment Office
       FOF = Fund of Funds
       ED = Economic Development Office   
       TT = Technology Transfer Office
       CVC = Corporate Venture Capital
       SEC = Secondary Purchaser
       HF = Hedge Fund/Mutual Fund
    Venture Capital
    Seed Stage
    (includes "pre-seed," or
    concept stage)
    No Revenue
    Early StageMinimal
    Growth Stage
    (also called Mid-stage)
    Expansion Stage
    (also called Late-stage)
    $7M and greater
    Private Equity
    Lower Middle Market$10M-$249M
    Middle Market$250M-$499M
    Upper Middle Market$500M-$1B
    Large Cap>$1B

    Investment Team:

    Name   Title
    Get the complete investment team + individual email addresses for investment team partners. Get personal images, LinkedIn links, investment specialties, office locations and more with a National Database subscription.
    Julie Thompson Operations Coordinator


    Portfolio companies include:

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      Anderson Aerospace
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      Insight Market Data
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      LeapYear Technologies
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      LifeServe Innovations
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      MedBed Connect
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      Sire Pharmaceuticals
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      Wellness Integrated
        web link


    Recent News: