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Entrepreneurship : Cincinnati In The News

247 Entrepreneurship Articles | Page: | Show All

Cincinnati among top cities of the future in the U.S.


fDi Intelligence recently released its list of cities of the future, and Cincinnati made it, mostly in part to the flurry of tech and startup activity here.

New York came out on top of the national list, followed by San Francisco, Houston, Toronto, Montreal, Vancouver, Boston, Atlanta, Sao Paulo and Sunnyvale, Cali.

Along with the national list, fDi also looks at subcategories, which is where Cincinnati was recognized multiple times. The Queen City placed:
  • Sixth overall in Large Cities of American Cities of the Future
  • Ninth in Large Cities for Economic Potential
  • Eighth in Large Cities for Business Friendliness
  • Fourth in Large Cities for FDI Strategy

Foreign direct investment, or FDI, is a strategy that the City of Cincinnati's Department of Community and Economic Development is focused on to generate innovative financing, helping to close the financial gap and bring catalytic developments to the area.

A strong FDI plan enables the City of Cincinnati to create jobs, fill real estate and infrastructure gaps and open trade opportunities.

The rankings further reinforce Cincinnati’s visibility as a city well-positioned for global connectivity. On March 31, the Department of Community and Economic Development partnered with REDI Cincinnati to host an FDI symposium featuring key local, regional, national and international executives who came together to discuss the many facets and implications of foreign capital flows into the region.

A regional resource manual based on best practices and insights from the event will be compiled and shared based on ideas shared at the symposium.

Check out the full list of Cities of the Future here.
 


Foodies agree: Taste of Cincinnati is a must-see this spring


Taste of Cincinnati joins the ranks of state food festivals as one of the top 10 best food festivals to visit this spring, as voted by Jetsetter.

In its 40th year, Taste is held Memorial Day weekend, and is completely free to attend. Unless you're eating or drinking, and you will definitely want to eat your way through over 100 dishes from local food trucks and restaurants. Local restaurant talent is showcased at a number of events throughout the weekend, and 60 bands will be playing on Taste's five stages around downtown.

Planning a trip soon and love food? Check out the other nine festivals that made the list.

Braxton dubbed best brewery in Kentucky by Foursquare users


Kentucky is home to the Kentucky Derby, the Louisville Slugger Museum and the Kentucky Bourbon Trail. But did you know its best brewery is in Covington?

Braxton Brewing, which recently celebrated its second anniversary and announced a second location, was named as the best brewery in the state of Kentucky. The voting was based on Foursquare check-ins and reviews, and published by Delish.

Use this guide to help plan your summer brewery road trip.

Beer, spirits and entrepreneurship breathing life back into OTR


Over-the-Rhine was founded over 150 years ago by German immigrants who loved their beer. Today, beer, spirits and an entrepreneurial spirit are redeveloping the neighborhood, one building at a time.

People like Molly Wellmann and Julia Petiprin, Stuart King and Ryan Rizzo are bringing their own flare to Japp's and Sundry and Vice, respectively. They're taking Cincinnati back to its pre-Prohibition roots and re-introducing residents to what built the city: beer and booze.

Along the way, these entrepreneurs are taking dilapidated buildings and renovating them into bars, breweries, restaurants and eclectic shops that are scattered throughout OTR.

There's a lot to still be done in the neighborhood, but check out how far it's come.

Butler County SBDC receives national award, celebrated on #SBDCDay


The Butler County Small Business Development Center recently received the 2017 National Small Business Development Center of the Year award. It celebrated its accomplishments on March 22, or #SBDCDay.

Over the past three years, the Butler County SBDC has generated over $20 million in loan funding to local small businesses. The Hamilton Mill-based organization helps build small businesses through a number of programs and activities — combined with strategic partnerships with other business-oriented groups — to provide a strong entrepreneurial assistance environment in Butler County.

The SBDC network was signed into law in 1980, and since then, the network has grown to over 1,000 centers. America’s SBDC network leverages a partnership that includes U.S. Congress, SBA, the private sector, and the colleges, universities and state governments that manage SBDCs across the nation. Each year, SBDCs provide management and technical assistance to about one million small business owners and aspiring entrepreneurs.

Read more about #SBDCDay here.

Miami Ohio business students advanced to finals round of VCIC competition and took home second


A group of business students from Miami University scored big in the first round and took home $1,000 at the regional Venture Capital Investment Competition, held in Chicago. Miami was the only school in Ohio and one of only seven schools in the Midwest to get an invite.


The VCIC is an invitation-only international competition that's carried out over two rounds: a preliminary round held in five different regions with 6-8 schools and a finals round with winners from each region competing for the international title. Student teams act as institutional investors representing a venture capital firm.

Teams are given business plans from three real-world startups, as well as information about the venture capital firm they're representing and a profile of the venture fund from which they're going to make their investments. Teams then have 36 hours to conduct research, analyze the market and prepare questions for a Q&A with the founders. On the final day of the competition, teams listen to and evaluate each startup’s pitch presentation and conduct a one-on-one interview with the founder of each company.

With the regional victory, the team competed in the finals round of the competition this past weekend in Chapel Hill. At the international competition, the Miami team took home second place. 

Read more about the competition here.

 

 


 

Putting down roots: MadTree shares secrets of its success with Inc. magazine


Every startup begins with an idea, a vision or a dream, and MadTree Brewing is no different. It opened in 2013 and soon became the first modern craft brewery in Ohio to can its beer. In Year Two, it landed in the top 5 percent of all regional craft breweries in the country (by volume).

Co-founders Brady Duncan and Kenny McNutt have been successful by staying true to who they are and by consistently brewing some kick ass beer. They care about their employees and the community, and over the years have done numerous fundraisers.

MadTree's second location in Oakley has been packed from Day One. Take a look at how and why they've been so successful in this interview with Inc.

 

Three Cincinnati restaurants make OpenTable's top 100


Only nine Ohio restaurants made OpenTable's list of the 100 best restaurants in the country, and three of those restaurants call Cincinnati home.

E+O Kitchen in Hyde Park and Mita's and Nada, which are both downtown, made the prestigious list.

In order to come up with the final list, OpenTable analyzes over 10,000,000 reviews from verified diners of more than 24,000 restaurants all over the United States.
 
OpenTable makes it easy to check out reviews of the Top 100 eateries, as well as make reservations straight from the list.

Rhinegeist founder used data algorithm to determine future


Before co-founding Rhinegeist Brewery, Bob Bonder was working in San Francisco for a business consulting firm. He used his company's data algorithm to predict what his next move should be.

Originally, Bonder thought about opening a bed-and-breakfast in Brazil, but after the algorithm revealed that Asheville, NC, and Cincinnati were the best places for him to pursue his love of coffee, he spent time in each city and decided the Queen City was the place for him. He started Tazza Mia Coffee, but realized that Cincinnatians loved beer even more than coffee. 

He teamed up with Bryant Goulding, who had experience in the craft beer industry, and they opened Rhinegeist in 2013.

To read the full article about Rhinegeist's beginnings and success, click here.
 

Local startup makes list of top up-and-coming startups in the world


In 2009, market researcher Quid (then called YouNoodle) put together a list of the world's 50 most promising startups. Although a number of the companies named to that initial list don't exist anymore, others like Evernote and Spotify have increased exponentially in value.

Quid put together another list, and based its findings on these top three criteria:
  • Have the founders worked together before?
  • Is the business in a popular sector?
  • Has it raised funding quickly?
After researching 50,000 startups, it came up with a list that includes Cincinnati's own Eccrine Systems. It is developing a non-invasive, electronic wearable system that measures and transmits real-time data about human sweat; since its inception, the company has raised a total of $8.9 million.

To see Quid's full list of rising star startups, read this article from Bloomberg.

Covington's Wunderbar named one of the best restaurants in Kentucky


Wunderbar, a favorite in Covington's MainStrasse Village, is considered one of Kentucky's best restaurants, according to the website Best of Kentucky.

Wunderbar is known for its giant pretzel, but the menu doesn't stop there. It features traditional German dishes like beer cheese, homemade sausages and sauerkraut. There's also an extensive craft beer list, featuring both local and national brews.

To see the 14 other restaurants named to Best of Kentucky's list, click here.

UC grad named to Forbes' 30 Under 30 List


Mario Jovan Shaw, a 2012 University of Cincinnati grad, made Forbes' list of 30 Under 30 in the social entrepreneurship category.

Shaw and business partner Jason Terrell started Profound Gentlemen, an education-based nonprofit. The organization is made up of 100 male educators of color from around the country who provide mentorship to young men of color.

Shaw joins 599 other standout artists, techies, educators, scientists, foodies, gamers, doctors, entrepreneurs, philanthropists, entertainers, lawyers, marketers, musicians and athletes in this year's 30 Under 30 class.

To read more about the 600 members of 2017's class of 30 Under 30, click here.

Jose Salazar semifinalist for James Beard Award


Jose Salazar, chef and owner of Mita's and Salazar, is the only Ohio chef to be named as a semifinalist for a James Beard Award.

He's nominated in the Best Chef: Great Lakes category, specifically for his work at Mita's. Award nominees will be announced on March 15; you can follow the nominations in real-time on Facebook Live and Twitter.

Salazar started off his career as the executive chef at The Palace, then moved to Abigail Street to work for fellow chef and restaurateur Daniel Wright. He opened Salazar in 2013, and Mita's in 2015.

See the full list of James Beard Award Restaurant and Chef semifinalists here.

Where are the best Midwest cities for venture capital funding?


Cincinnati is known for its talented and robust startup ecosystem. It's home to about 200 startups, many of which have gone on to launch on the national and international level.

Another way to measure a startups' success is to total the amount of venture capital funding that a startup raises. EQSTL.com ranked Midwest cities by that statistic, and in 2016, Cincinnati came in at no. 10 on the list, with a total of $116,621,844 raised in venture capital. Another way to look at this statistic is Cincinnati has 179 registered startups, and 26 of those startups received funding in 2016 (that's 14.53% of startups receiving funding). 

To see the full report from EQSTL, click here.
 

WEL Enterprise receiving national attention for its water reclamation system


Clean water is a hot button topic around the world, but water tech accelerator Pipeline H2O is working to improve water quality for everyone. And they're doing that work right here in Greater Cincinnati.

WEL Enterprise, a member of Pipeline H2O's inaugural class, is getting national attention for its wastewater reclamation system, which can be seen in action at Municipal Brew Works in Hamilton.

The system is the first of its kind, and can handle wastewater from start to finish. It's able to segregate, clean and recycle water, solids and other particles found in water.

To read more about WEL Enterprise, Pipeline H2O and water technology, visit Venture Smarter's website.

 
247 Entrepreneurship Articles | Page: | Show All
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