The Burton D. Morgan Foundation announced Wednesday that it has awarded nearly $2.5 million in grants for entrepreneurship programs in Northeast Ohio.
“Given the renaissance of entrepreneurship in Northeast Ohio over the last two decades, it makes sense for our region to focus considerable resources on ensuring as many students and entrepreneurs as possible at all levels are steeped in the elements of the entrepreneurial mindset,” Morgan Foundation President and CEO Deborah Hoover noted in a prepared statement. “Our region has developed active networks of programs on campuses, among campuses, and through ecosystem hubs to ensure access to high quality entrepreneurship and innovation education.”
Trustees approved the grants at the January board meeting for the Hudson-based foundation. Here are the recipients and grant amounts:
- JumpStart: $1 million to support the Burton D. Morgan Mentoring Program over three years.
- Bounce Innovation Hub: $245,000 for its technology incubator, software accelerator, GROW program and Northeast Student Venture Program.
- Young Entrepreneur Institute: $215,225 for the 2022 Enspire Conference for youth educators and additional funding to support YIPPEE, a newly launched digital marketplace for entrepreneurship education resources.
- Entrepreneurship Education Consortium: $213,450 to enhance its capacity to become the hub for collegiate entrepreneurship in Northeast Ohio.
Additional grants for entrepreneurship support were made to the following groups:
- Fund for Our Economic Future: $500,000 for operating support and job creation and/or entrepreneurial support activities.