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    Cleveland: Top Start Up City of the Nation!

    Popular Mechanics, in January 2015, named Cleveland as one of the top cities in the country for innovation and entrepreneurship. 

    Before the award, Cleveland was already The Start-Up City of the nation with a great ecosystem to support innovation and here’s why:

    • Cleveland ranks 8th in the nation for the number of young people, age 25 – 34 with a graduate or professional degrees, ahead of Chicago, Seattle and Austin. (Cleveland State University 2014) And young people, age 25 – 34 have increased in Cleveland by 37% since 2000. New York Times 10/20/2014

    • Cleveland ranks 5th in the nation for its growth in the number of workers with advanced degrees. Seventeen (17%) percent of the adult labor force of Greater Cleveland holds an advanced degree which is #1 in Ohio and 10th nationally, ahead of Pittsburg, Denver and Austin. (Cleveland State University)

    • CNN ranks Cleveland #10 for Innovative Cities 10/7/2014

    • Entrepreneur Magazine ranks the greater Cleveland area “hotter” for entrepreneurs than San Francisco, Boston, Seattle and New York.  2013

    • Greater Cleveland is home to more than 700 biotechnology and biomedical companies with over 230,000 employees.

    • Ohio venture capital activity increased by 80% in 2012, outpacing the nation (increased 20% for the same period).  Midwest healthcare companies continue to attract venture capital – over $758 million in 2013.  Ohio led with $296 million, with Cleveland leading the state.  PR Newswire 1/27/2014

    • The City of Cleveland and NASA enter into an agreement for NASA engineers to provide up to 40 hours of technical assistance to local companies who have product issues to improve production or refine new products.  In its third year, 12 companies have been assisted.

    • Business Accelerator Bizdom raised $6 million in venture capital to support Downtown Tech Business Growth.

    • The Health Tech Corridor, Cleveland’s Anchor Strategy, uses Economic Gardening to retain incubated companies including Cleveland Heart Lab in the City.  Since graduating from the incubator, CHL has grown from 15 jobs to over 120 jobs. 

    • The Health Tech Corridor has developed over 300,000 SF of both new construction and renovated vacant buildings since 2012 and has 86% occupancy.  Most tenants are healthcare related and have chosen the location due to proximity to anchors Cleveland Clinic, University Hospital  and Case Western Reserve University.

    • The City has a robust fiber network that is accessible for a low connection fee and low monthly fees with speeds up to 40 gigabits and several data centers, including world class Bytegrid.  This allows local medical technology companies to access R & D at Case Western Reserve University, Cleveland Clinic and University Hospitals.

    • Within a 45 minute radius of downtown Cleveland, there is free access to several centers of design software, laser cutters, 3D Printers, CNC Equipment and more including Case Western’s Think Box, Cleveland Public Library’s Tech Central, Lorain Community College, MC2 High School, Mobile Fab Lab, Ehove and America Makes. 

    • If your idea of a maker space is for artisans, there is the Soulcraft Woodshop, the Culinary Launch Kitchen and then to sell your wares, the Cleveland Flea. 

    • Cleveland has it’s own Maker Faire annually and has the annual Ingenuity Fest that showcases art and technology and features a “Maker Space” as part of the event.

    • The Cleveland are also has many incubators, accelerators and co-working spaces including BioEnterprise, the Global Cardio Vascular Innovation Center, MAGNET, Cleveland Clinic Innovations,  Baker Electric Building, Midtown Technology Center, Ariel Ventures, Bad Girl Ventures, Bizdom U, ECDI, Flashstarts, Jumpstart, Cowork Tremont, CUBE, and Shaker Launch House. 

    • According to a study by Jumpstart, a nonprofit that provides support for startups, Cleveland outpaced the nation in drawing venture capital in 2012. Young tech-based firms snagged $201 million in 2012, a 34% spike over the previous year, as venture capital declined about 10% nationally.

    • In Cleveland, there are numerous funding sources for small, micro and emerging businesses including Microlender ECDI and the City of Cleveland, Department of Economic Development. 

    News Update: Cleveland has been voted one of the nation's best start-up cities by Popular Mechanics. Read More.