© 2022 Cincinnati Public Radio
purple_waveback6.png
Connecting You to a World of Ideas
Play Live Radio
Next Up:
0:00
0:00
Available On Air Stations
Police chase near Wilmington closes roads in Clinton County. Read more >>

How Cintrifuse is jump starting technology start-ups

A Cincinnati business-led initiative is quietly giving life to an increasing number of technology start-up companies, improving their chances of becoming financially successful.

Cintrifuse, the regional effort to support and promote the innovation community, brings entrepreneurs and investors together.  Beginning this summer it will house those companies, along with CincyTech and The Brandery, in a brand new space in Over-the-Rhine.

Wendy Lea is the CEO of Cintrifuse. She describes Cintrifuse as "an innovation hub with the center being entrepreneurs who have new ideas that they want to test out with customers and ultimately get funding."

Where Cintrifuse gets its money:

  • Cincinnati companies and organizations invested in the $57 million fund of funds (P&G, Kroger, Western & Southern, Cincinnati Children's)
  • City of Cincinnati -$4.5 million grant to fund new OTR campus

Cintrifuse says it has  over 139 member startups in its ranks, has influenced over $30 million investment in Cincinnati startups, has relationships with over 30 corporations in town who want access to innovation, and invested in 5 venture capital firms across the United States increasing the reach of #StartupCincy.
Here are some of the new companies Cintrifuse has helped:

  1. Kapture
  2. Everything But the House
  3. Innovation XChange

There are three components to Cintrifuse. They include The Fund of Funds, (allows exposure to funds outside the Greater Cincinnati region) the OTR building (a place to collect and collaborate) and Cintrifuse .
Lea says the next step is to encourage more talent to be discovered and nurtured in this region.

With more than 30 years of journalism experience in the Greater Cincinnati market, Ann Thompson brings a wealth of knowledge and expertise to her reporting. She has reported for WKRC, WCKY, WHIO-TV, Metro Networks and CBS/ABC Radio. Her work has been recognized by the Associated Press and the Society of Professional Journalists. In 2019 and 2011 A-P named her “Best Reporter” for large market radio in Ohio. She has won awards from the Association of Women in Communications and the Alliance for Women in Media. Ann reports regularly on science and technology in Focus on Technology.