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    StartMart Starts Smart in Cleveland's Tower City

    StartMart opened its doors in September 2015 in the 35,000 sq. ft. second floor of the Terminal Tower located in Downtown Cleveland as an entrepreneurial hub for the City’s startup community. By providing entrepreneurs and startups low cost co-working space and flexible arrangements for office space, StartMart centralizes the workspace of entrepreneurs.

    Their business model fosters the sharing of ideas and knowledge and, thus, has great potential for innovation. StartMart connects entrepreneurs to not only the space to grow and expand as needed, but also to critical resources such as startup accelerators, professional services, telepresence technology, startup events, networking and capital.

    Created by the Cleveland-based startup accelerator and venture fund, Flashstarts, the density and diversity the StartMart model provides to Cleveland’s startup and co-working community has the capacity to transform our City’s growing entrepreneurship ecosystem. Fostering this type of innovation in Cleveland will catalyze job creation, investment and further development.

    The City of Cleveland provided a $40,000 grant to StartMart to assist with a $70,000 project for the acquisition of office equipment, furniture & fixtures through our Neighborhood Development Program to be used towards the furnishing of the space.

    StartMart currently has 18 startups and small businesses utilizing the space. Two of the members work remotely from the space for large companies (Cisco and Groupon). Membership totals approximately 55 people.

    StartMart has held several events in the space including a half-day education session for Entrepreneurs Organization, a pitch competition, a learning session for those pitching for the Hult Prize, lunch 'n' learns, open office hours provided by local companies, an Angel Investor Soiree, and a mixer for entrepreneurs in JumpStart's mentor program. In addition to hosting events for the local entrepreneurial community, companies from outside of Cleveland have used the space for their events.

    For more information regardind this project or how the Department of Economic Development can help your business please contact Zach Fela at 216.664.3605.