Joel Ivers wants to make entrepreneurship cool again.
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Recent Dayton Development Coalition entrepreneurship funding
August 2012: The DDC received $4 million from the state in August 2012 for entrepreneurship efforts through 2014. However, the coalition must match this dollar for dollar to receive any of it. The money will go to small grants (in the range of $10,000 to $40,000) and need not be paid back.
June 2013: This spring, the coalition obtained $500,000 in Montgomery County ED/GE funds were secured for entrepreneurship efforts. Ohio is expected to match that from the $4 million earmarked for the coalition (see above). The coalition will draw down $500,000 of the $4 million from the state, leaving $3.5 million the state still has earmarked.
Now: DDC is trying to raise $10 million for the coalition’s new seed investment fund. The anticipated average per-company investment is about $250,000.
Source: Joel Ivers, Dayton Development Coalition vice president, entrepreneurial development