AccelerantTM helps grow startup businesses and well-paying jobs in high-tech industries in Western Ohio.
With substantial support from Ohio Third Frontier and corporations, foundations, civic organizations and individuals in the region, we are stimulating the growth of venture-worthy companies in information technology, bioscience and advanced manufacturing.
Through 2013, AccelerantTM achieved $221 million in outside market validation, a measurement used by the State of Ohio to assess how companies are performing in the marketplace. This has significant meaning to the program, validating that sound investments have been made, but more importantly, that AccelerantTM companies have been growing and expanding, creating high skilled and high wage jobs.
For every one dollar of AccelerantTM investment and development services awarded, thirteen dollars in market validation has been realized. As a result of high portfolio performance, almost 35% of the capital contributed by its investors has been returned in a four year period, for a ten year fund. This is yet another testament to the quality of the technology companies in our Region and the strong market demand for their products.
Since we began our investment activity in September 2007, AccelerantTM has:
Reviewed 3,260 investment opportunities
Given significant technical assistance to 211 companies
Invested more than $15.3 million in 43 portfolio companies
Generated more than $315.5 million economic impact on the region
Through July 2013, our portfolio companies had created 417 jobs with an average salary of $71,000.
Thanks to Ohio Third Frontier, which has committed hundreds of millions of dollars to stimulate seed-stage investing across Ohio, there is money for entrepreneurs with high-growth-potential ideas. These companies are well positioned for growth.