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A winning partnership

Nordson SMART partnership
Work with SMART Microsystems yields big wins for Nordson – and the region

Nordson Corp.’s Lorain County roots run deep.

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Success in 3-D

As additive manufacturing explodes, MakerGear gets spark from LCCC’s Fab Lab

In the early days of 3-D printing, MakerGear founder Rick Pollack bootstrapped a small business making components in his Shaker Heights garage.

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Cracking cybersecurity: What businesses need to know

As cyber criminals become increasingly sophisticated, digital crime has grown at an alarming rate, motivating businesses of all sizes to strengthen their cybersecurity protocols and hire new talent.

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How a startup becomes a scale-up

Jim Walborn of Banyan Technology
Cliff Reynolds of GLIDE

All successful companies start as an idea, but at some point, that idea has to generate sales if the business is to succeed.

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Mastering business fundamentals for startup growth

Watch Simon on WKYC

With a doctorate in engineering from Case Western Reserve University, Simon Melikian knew a lot about building technology when he founded Recognition Robotics.

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The One Question Every Entrepreneur Should Answer

I was in Tuscaloosa, Alabama visiting my mother-in-law a few weekends ago.  One of the things I always do while I’m there is visit the University of Alabama. That got me thinking about the entrepreneurship space. 

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Pitching your startup to investors? Be ready to answer 3 questions

Entrepreneurs: when pitching to investors, you need to stay focused on only a few key items. While most likely you will be asked about many different aspects of your business, there are three elements you need to understand and be able to discuss in depth and with clarity. Most entrepreneurs would prefer to discuss their product or business idea, because that's what they've been focused on developing for months or years. But investors only have one goal—making a return on their investment.

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How a Favor Helped Launch this Fast Growing Business

Gordon Daily of BoxCast
boxcast device

It all began at a funeral home on Cleveland’s west side. The funeral director wanted to help families with the grieving process when not all members could travel to attend the service. He asked his tech-savvy friend Gordon Daily to help.

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A Startup Giving Stroke Victims Hope

Ocellus Vision Therapy team

Every year nearly 800,000 people in the United States have a stroke. One-third of the survivors experience vision loss. This team plans to give them back their sight.

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Why Startups Should Always be Raising Money

Money makes startups fast.

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A Reality Check for Your Startup Expectations

As you begin your journey as an entrepreneur what are your expectations? If you’re like many new entrepreneurs, you’re probably thinking you have a great idea for a new business. You assume you’ll dedicate your time and talents to your startup for the next year or two, get it to positive cash flow in three years, and in five years you will be in control of your destiny. You’ll be in charge of a profitable business venture with opportunities to either grow it or sell it.

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5 Mistakes Startups Make when Negotiating License Agreements

Negotiating a license agreement is hard, especially when you’re the small, young company in the deal. Here are the top five mistakes startups make when negotiating.

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Dreaming of an Acquisition? Here’s How to Prepare

Simon of Recognition Robotics2

You’ve made it as an entrepreneur. Your startup has positive cash flow, proven growth, and a strong management team. What’s next? No problem, you say. Just sell the company for big bucks. Easier said than done. Here are the things you need to think about before considering acquisition.

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The Most Common Reasons Startups Don’t Receive Funding

Next month the Innovation Fund will announce the latest group of companies to win funding awards. This money is usually the first market validation that a new business idea has the potential for success. But there are a number of reasons why a good idea might not be awarded funding—at least not on the first attempt.

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The Rules of Startup Financials

Applying for funding when you're a cash strapped entrepreneur can be stressful. Developing the financials for your business can bring on additional stress, but it doesn't have to. As long as you have a well thought out business plan, doing the financials to go with it is just a matter of putting the dollars to the business tasks. Here are my seven rules of effective startup financials.

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Turning $100,000 into Millions

Doug Carr
FluidSmart

Every startup that’s raising money needs to start somewhere. For startups in Northeast Ohio, that place is the Innovation Fund. That’s where Doug Carr brought his company.

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Cleveland Whiskey’s College Connection

Tom Lix
LCCC Cleveland Whiskey

Cleveland Whiskey is one of Northeast Ohio’s most successful and well-known startups. The company has raised more than $2 million, perfected a disruptive technology that dramatically accelerates the maturation of distilled spirits, and sold more than 200,000 bottles of its whiskey around the world. 

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A Cleveland Startup Blazing the Trail in VR Gaming

Don
Prisoner web2

“VR is not a trend. VR is the sandbox the future will be created in.”

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Under the Microscope: Why this Scientist Launched a Startup

ABEMIS co founders

Todd Doehring spent years working as a scientist at the Cleveland Clinic and as a professor of Bioengineering at Drexel University. His projects centered on images and micro-testing systems. He wanted to make them work better for doctors and other scientists. Todd researched and taught biomechanics of soft tissues and microscopy.

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Improve Your Odds of Raising Money

If you’re running a startup, chances are you’ll need to know how to raise capital.  You need to know how to find the right potential funding sources and once those sources are identified, how to increase your odds to get funding from those sources.

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