Flashstarts is an accelerator and micro-VC firm devoted to building the next generator of Cleveland companies.
We focus on startups in healthcare IT, enterprise SaaS, data and analytics, AR/VR, lot, and FinTech. We believe that oftentimes the most profitable startup opportunities occur at the intersection of software and other, very different disciplines. We look for teams that combine domain expertise and passion with a deep understanding of agile development.
We kicked off the portfolio in the summer of 2013. Over the past four years, we have created a vibrant startup ecosystem that allows for something we term “engineered serendipity:” sharing knowledge, meeting new people, and accessing critical resources.
This year, we are excited to announce our new, 3 year fund called the Cleveland200. Through this fund and the corresponding Cleveland200 application portal, we will equip approximately 200 companies with the knowledge and diligence documents to be investment ready for the recent $160M seed stage infusion from the state of Ohio.
Our Core Offerings
We focus on three key areas that are most critical for starts: capital, resources & talent.
The most promising startups are offered a position in the Accelerator program. Flashstarts provides an initial investment up to $50,000 in the form of an equity investment, plus increased mentoring and coaching. The program culminates with Demo Day, attended by accredited investors, media, customers, and the community at large. Select companies are offered follow-on investment and all receive fundraising support.
Startups can join Flashstart Labs, a pre-accelerator program that we launched in 2016, where they receive 6 months of free open desk membership at STARTMART, plus access to bi-weekly mentoring, interns, and professional services to assist in startup creation. The labs program provides a highly efficient means to tests concepts, form teams, and validate new business concepts.
Each year Flashstarts employs 25-35 college interns who are selected from over 500 national resumes. Interns are matched with multiple startup teams from the Flashstarts Labs and Accelerator programs. Interns are trained in business modeling, and are given weekly projects. Our interns focus on tech development and automation, customer validation, sales, marketing, social media and brand development.