Growth & Prosperity Blog

Leading-Edge Thinking, Growing Recognition: July 15, 2018 Portfolio Update

Business Media Are Highlighting the Groundbreaking Work of OIF Portfolio Companies

Whether it’s through impressive growth, inventive solutions or eye-catching partnerships, the Ohio Innovation Fund’s portfolio companies are gaining notoriety. Read on to learn how, across Ohio and throughout industry publications, these innovative companies are being acknowledged and standing out among their peers.

Global Cooling’s Stirling Ultracold Heats Up Freezer Market

The Stirling Ultracold ultra-low temperature freezer sold 4,000-plus units in 2017, and CEO Neill Lane aims to triple revenues to $100 million by the end of 2020. That’s just one of the key points tracking the company’s top performance and incredible growth potential in a recent story in Columbus CEO magazine, which also offers insight into Stirling Ultracold’s history, company culture and ambitious goal of achieving a 25-30% share of the ultra-low temperature freezer market.

“We really have a team in place that can help us scale the company dramatically. This company is innovating and growing revenue at the same level as companies in Silicon Valley.” –Stirling Ultracold CEO Neill Lane

Read the whole article here.

Mezu Partnership Brings New Donation Mechanism to Cleveland Orchestra

As a new mobile payment app, Mezu made the perfect partner for the Cleveland Orchestra when the ensemble celebrated its 100th birthday with a donation effort aimed at younger audiences. During the Star-Spangled Spectacular show July 6, Mezu gave concertgoers the opportunity to donate directly to the orchestra’s youth education and community programs, which reach some 60,000 people per year. The orchestra’s Center for Future Audiences program has helped grow the 25-and-under portion of its classical concert audience to 20% – making the Mezu app, which appeals to millennials who are more inclined toward micro-donations – a great ally.

Read the article in Crain’s Cleveland Business here.

Supplier Management Evaluation Gives ConnXus High Marks

Cloud-Based Supplier Management Solutions SuiteSpend Matters’ SolutionMap, an in-depth procurement technology scoring system, recently took a look at ConnXus’s supplier management technology in its “What Makes it Great” column and gave the company an overwhelmingly glowing review. Not only does ConnXus hit the top of the scoring chart for its features, such as its walk-up user interface, fully integrated supplier discovery and cloud-based integrated messaging system, according to SolutionMap, it also sets the bar for broad-based, multi-tier supplier management support and supplier portal configurability, offering unmatched superiority in design.

Read the review in its entirety here.

Interested in more news from each of our portfolio companies on a daily basis? Follow Ohio Innovation Fund on Twitter & Facebook!

Leading-Edge Thinking, Growing Recognition: July 15, 2018 Portfolio Update