Dr. Simon Melikian invented a way for robots to see and learn. Basically taking the biology of the human eye and turning it into technology. "I knew I had something really, really good to sell," he said. But he had no idea how to turn his creation into a business. "I know how science works, I know how engineering works, I know how to build things but building a company is a completely different set of skills," he said. So he went to GLIDE the Great Lakes Innovation and Development Enterprise in the Desich Business and Entrepreneur Center at Lorain County Community College.
A Lorain County Community College-led partnership has received a nearly $500,000 grant from the U.S. Economic Development Administration's i6 Challenge. The initiative, which is called the Northeast Ohio Regional Acceleration in Digital Innovation, or NEO ReADI, will "support innovation and commercialization of key technologies anchored in the region," according to a news release from the college. Lorain County Community College will manage the three-year grant through its Great Lakes Innovation and Development Enterprise technology incubator. The release said partners include DigitalC, BioEnterprise, JumpStart Inc., Magnet, Team NEO and the Youngstown Business Incubator.
JumpStart has chosen the first company that will receive an investment from its recently recapitalized Evergreen Fund: Revenue Conduit. JumpStart has committed $250,000 to the Akron-based e-commerce software company. Revenue Conduit will use the money to speed up the development of its product, which links e-commerce platforms to marketing automation systems. The funding also will help Revenue Conduit acquire customers and get ready to raise additional capital in 2017, according to CEO Daniel Kurt.
BoxCast has already hired five fresh college graduates through the Venture for America program. And CEO Gordon Daily says he may very well hire another from this year’s graduating class. He loves the Venture for America program. Loves it. After all, the national fellowship program has provided his Cleveland-based startup company with a steady pipeline of well-rounded, entrepreneurial overachievers from all over the country. People he shouldn’t be able to afford.
After 29 years of service to Lorain County Community College, Dr. Roy A. Church has left his mark on the school with the establishment of the Roy and Bobbi Church Visionary Leadership Institute. The Visionary Leadership Institute held a kick-off Legacy of Leadership gala April 25 outside of the LCCC Spitzer Center, 1005 N. Abbe Road. The black tie affair drew a crowd of 660, who gathered for cocktails, dinner and speeches by Church, LCCC Board Chair Terry Goode and keynote speaker Dr. Michael Porter of Harvard Business School.
SMART Microsystems Ltd., which runs the center’s first floor, passed the break-even point last summer, according to Matt Apanius, president of the company, which is owned by the Lorain County Community College Innovation Foundation.