Start-up Accelerators in Ohio: Bizdom vs. Launch House

Bizdom Vs LaunchHouse Start-up Accelerators in Ohio

Cleveland and Detroit are rust belt cities experiencing serious financial difficulties. That’s why it’s tremendously exciting to see highly effective start-up incubators such as Bizdom and LaunchHouse which provide essential support for regional entrepreneurial development.

Bizdom Business Incubator

Bizdom: A Start-up Accelerator in Ohio

Dan Gilbert founded Bizdom in 2007 as a non-profit organization dedicated to helping talented entrepreneurs get their businesses started. Dan is the founder and chairman of Quicken Loans and Majority owner of the Cleveland Cavaliers. Bizdom directs its efforts towards supporting start-ups in Detroit and Cleveland. Its primary targets are local innovative and tech based companies.

Participants in Bizdom’s programs receive well designed, real world training and mentorship. Their three month program is taught by experienced business professionals. Entrepreneurs create business plans for Detroit businesses under expert guidance. Those who complete the program and create an approved business plan will receive funding and continued guidance as they grow their business.

The program headquarters is in the Detroit’s Cultural Center at 1555 Broadway Street 3rd floor, #375, Detroit, Michigan 48226 and offices also at 250 W. Huron Rd., Cleveland, OH.

In April 2012 the first class of six businesses started in Cleveland. Bizdom initially invests $25 K in each one. At the end of training, businesses can make a pitch for additional funding.

Three successful examples of Bizdom’s Cleveland start-ups are:

  • BigRiver (www.gobigriver.com) founded by Ron Cass is an online non-profit fundraising organization facilitating relationship based online giving.
  • BOOM (www.boomimpact.com) was founded by Lindsay Sims and is a social media utility facilitating communication between property managers and tenants.
  • InStoreFinance (www.InStoreFinance.com) founded by Jason Nemeth enables retailers with in-store financing to provide credit to customers who would ordinarily be ineligible.

LaunchHouse Business Incubator

LaunchHouse: A Start-up Accelerator in Ohio

Todd Goldstein and Dar Caldwell are co-founders of LaunchHouse. The company’s objective is to support the development of promising start-ups in the idea-stage. The program accepts applicants which are located in NE Ohio. The company uses a formula for helping promising entrepreneurs and this is $25K + Mentoring + Business Essentials + Networking.

The type of participants LaunchHouse is looking for are:

  • Technology based such as SaaS, data, security, healthcare software, storage
  • Internet based such as e-commerce, social network, media, advertising and gaming
  • Mobile based gaming, monetization, applications and communications
  • Selected participants are expected to have 2 or 3 founders who will dedicate 100% of their time to the business and will be ready to relocate to Cleveland during the program.

Three LaunchHouse mentored businesses are:

Sliced Apples (www.slicedapples.com) founded by David Greenberg provides an integrated business platform for blogging and idea sharing.

Quick2Launch (www.quick2launch.com) founded by Phil Alexander enables you to create superior design presentations and walk-throughs.

iOToS (www.iOToS.com) founded by Art Geigel and Chris Armenio enables any smartphone user to control products and appliances conveniently.

Bizdom and LaunchHouse Are Great Business Accelerators! Which One Will You Choose To Pitch?

Leave us a comment below!

 

About Chad Luckie

Chad Luckie is the owner and founder of The College of Marketing. He is currently the Managing Partner of Digital at Linkmedia 360, a nationally recognized marketing company in Cleveland! Chad is very active in the start-up and tech industry often sharing his knowledge by speaking at local start-up business incubators. He sold his first blog when he was only 16 years old to a holding company in London.

Comments

  1. Great article, Chad! Bizdom and Launch House are working together to bring aspiring entrepreneurs and their business ideas to Cleveland!

    • Thanks Kate! I have spoke at Bizdom a few times on behalf of Fathom. Great place and great group of entrepreneurs! Good to see both Accelerators doing big things for the CLE.

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