A Cleveland nonprofit has pledged half a million dollars to 20 different tech startups run by women or minorities through a public-private source called The Focus Fund.
The partnership is led by Cleveland-based non-profit JumpStart alongside the Ohio Third Frontier, The Case Foundation and Cuyahoga County.
Eligible tech businesses must be headed by women or minorities of African American or Latino descent, a group that currently receives only 3 percent of all venture capital dollars, according to JumpStart CEO Ray Leach.
