The fifth cohort of Scalerator NEO—a proven, results-driven program to help entrepreneurial leaders quickly, profitably, and sustainably grow their business—launched on March 18 & 19 as a six-month virtual experience.
Fourteen companies from five Northeast Ohio counties were selected to participate in the 2021 cohort of Scalerator NEO at no cost to them. The participating companies represent a cross-section of the region’s business communities, with a mix of manufacturers, service providers, construction, and tech, averaging roughly $8 million in sales and 45 full-time employees. Overall, this cohort of companies represents over $100 million in sales and 627 full-time employees. Cohort members include:
- Cable Ties Unlimited – Brunswick
- Delta Media Group – Canton
- Helix Linear Technologies, Inc. – Beachwood
- Lintern Corp. – Mentor
- Maradyne Corporation – Cleveland
- Mr. Chicken, Inc. – Willowick
- Phalanx Logistics Solutions – Lakewood
- Pinnacle Construction & Development – Independence
- ProTech Security – Canton
- Radcom – Cuyahoga Falls
- Small Hands Big Dreams Learning Centers – Akron
- State and Federal Communications, Inc. – Akron
- Summit Machine Solutions – Akron
- UniControl Inc. – Cleveland
Scalerator NEO is a six-month, cohort-based educational program for entrepreneurs and leaders who want to deliver immediate growth to their businesses and are open to learning new ways to achieve this goal. With a focus on the 3 Cs of growth (Customers, Capacity and Cash), Scalerator touts impressive results, with 75% of participating companies increasing their growth by 25% or more following completion of the program.
Scalerator® was developed by Daniel Isenberg, founding director of the Babson College Entrepreneurship Ecosystem Project. Over 400 companies have participated in Scalerator to date, with previous cohorts taking place in Northeast Ohio, Milwaukee, Manizales (Colombia), Atlantic Canada, and Rio de Janeiro (Brazil). The globally renowned Scale Up team of Daniel Isenberg, Elaine Eisenman, Kevin Mulcahy and Tim Marken deliver the Scalerator program based on over a century of collective experience growing companies and decades of experience teaching at Harvard, Babson, Columbia and leading business schools.
The program targets companies with sales between $5 million and $15 million and a desire to grow their businesses. Companies from all sectors are encouraged to apply, as a diverse cohort has proven to provide the most fertile ground for a successful Scalerator experience.
Scalerator NEO is supported by Burton D. Morgan Foundation and the Fasenmyer Fund, established at Morgan Foundation by the former Richard J. Fasenmyer Foundation, a collaboration committed to supporting entrepreneurship and free enterprise in Northeast Ohio through targeted educational opportunities. EDGE, a non-profit economic development organization focused on innovation and entrepreneurship in Northeast Ohio, serves as the administrator of the program. Funds from Morgan Foundation and Fasenmyer Fund cover the costs associated with Scalerator NEO, and there are no fees charged to participating companies.