Accelerating Market Entry Process
The Speed-to-Market Accelerator (STMA) is a new collaborative program led by NorTech, JumpStart, Lorain County Community College, and MAGNET to accelerate the speed-to-market for high potential products in Northeast Ohio's advanced energy and flexible electronics industry clusters.
The STMA program employs a step-by-step process to:
- Accelerate the commericalization of products
- Increase the global competitiveness of cluster companies
- Attract additional private capital to the region
- Connect students, incumbent workers, and the unemployed to educational and training programs.
The STMA program draws on existing support, training and research resources in Northeast Ohio, providing a comprehensive set of services to help cluster members accelerate the commercialization of their products and services. Available services include:
- Path-To-Market Assessment
- Management & Technical Assistance*
- Customized STMA Program Plan
- Application Ideation
- Market Opportunity Assessment
- Market Engagement Assistance*
- Export Counseling
- Manufacturing Equipment Design
- Manufacturing Process Counseling
- Supply Chain Assistance
- Access to Capital Counseling*
- Needs Assessment
- Talent Plans
- Jobs & Candidate Profiling
- Career Pathway Development
- Career Counseling
*Special services are available for businesses owned by socially or economically disadvantaged individuals.
The STMA program provides free services to NorTech cluster members in a 12-county area in Northeast Ohio: Ashtabula, Cuyahoga, Geauga, Lake, Lorain, Mahoning, Medina, Portage, Stark, Summit, Trumbull and Wayne.
Out of the region? If a company is located outside the STMA service area but is working on a commercialization project with a cluster member in one of the 12 counties, then the company is eligible for free STMA services.
About the Speed-to-Market Accelerator
Northeast Ohio's Speed-to-Market Accelerator is funded by the Jobs and Innovation Accelerator Challenge, a federal, multi-agency grant which aims to fuel job creation and global competitiveness in regions that demonstrate the existence of high-growth industry clusters. For more information, visit: www.nortech.org.
STMA is led by a close-knit network of nationally recognized service providers in Northeast Ohio with a history of success through regional collaboration. STMA partner organizations include:
NorTech is a technology-based economic development organization working to revitalize Northeast Ohio by accelerating the growth of innovation clusters in advanced energy, flexible electronics and water technologies. NorTech engages small, medium and large companies and universities for business, funding and research opportunities that create jobs, attract capital and have long-term, positive economic impact. NorTech also positions Northeast Ohio has a hub of innovation to attract resources and scans for opportunities in other emerging industries to grow the region's economy.
JumpStart Inc. accelerates the successes of entrepreneurs, their companies, and the ecosystems supporting them. Its number one job is investing time and sometimes dollars in diverse, early stage companies that are positioned to excel in high opportunity markets. The organization also supports the growth and strengthening of Northeast Ohio's innovation and entrepreneurial ecosystem. www.jumpstartinc.org
Since 1963, Lorain County Community College (LCCC) has served the needs of the greater Lorain County region by providing affordable access to higher education. LCCC now represents Ohio's fastest growing college, serving more than 17,000 students each year. LCCC is a regional leader not only in education, but in economic, cultural, and community growth the four cornerstones of the College's mission.
Since 1984, MAGNET—the Manufacturing Advocacy & Growth Network—has assisted thousands of manufacturers through its Edison Technology Center programs, Manufacturing Extension Services and Business Incubation programs. MAGNET is a "one-stop shop" for entrepreneurs and technology-driven manufacturers seeking resources to become or remain globally competitive. www.magnetwork.org