WOLF

2016 WOLF INFORMATION EVENT FOR ENTREPRENEURS

Seeking information on WOLF and other business start-up resources in Wooster and Wayne County? Join us for our fourth WOLF Information Night at the College of Wooster's APEX and enjoy refreshments while learning about financial and mentorship resources available from local economic development specialists.

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WOLF INFORMATION EVENT FOR ENTREPRENEURS: October 6, 2016, at 6:00pm

The Wooster Opportunity Loan Fund is announcing its 2016 Funding Round and inviting applications from technology-focused business start-ups within (or willing to locate to) Wayne County. Interested entrepreneurs can apply for loans of up to $35,000 from the program by November 4, 2016. Managed by Wooster Growth, the City of Wooster’s nonprofit community improvement corporation, the WOLF is designed as a local capital resource for local entrepreneurs with a focus on businesses with high-growth potential.

Applications are available through jumpstartnetwork.org/apply. The nonprofit JumpStart Entrepreneurial Network, a major WOLF Partner, is a connected group of entrepreneurial support organizations collaborating to provide the space, capital, advice, support and connections Northeast Ohio startups need to grow. Applicants will also be able to connect with other nonprofit business start-ups through the process.

Interested applicants are invited to attend an information session on Thursday, October 6th at 6:00pm, taking place at the APEX at the College of Wooster (Located in the Lower Level of the Gault Library, at 1140 Beall Avenue, Wooster, OH 44691.) Please visit www.woosteroh.com/WOLF for directions and parking options. Light refreshments will also be available.

At this session, representatives from the City of Wooster, the Wayne Economic Development Council, the Wooster Area Chamber of Commerce and JumpStart Inc. will be on hand to answer questions from students, entrepreneurs, professionals and interested community members about WOLF and its eligibility requirements. Additionally, information will be shared on other local resources for entrepreneurs, such as the JumpStart Entrepreneurial Network, the Wooster Area Chamber of Commerce, Ohio’s Small Business Development Center, the Senior Corps of Retired Executives, the College of Wooster’s Center for Entrepreneurship, the BioHio Research Park at Ohio State University’s Wooster Campus, and the BrainTree business incubator.

Whether working to gain market traction, to launch a start-up, or even if simply exploring a possible business idea for the future, the October 6, 2016 Information Session will provide an overview of the many local resources available.

About the Wooster Opportunity Loan Fund

The Wooster Opportunity Loan Fund, or WOLF, is a local loan program for technology-oriented start-ups, including inventors, information technology developers, and manufacturers creating proprietary products. These types of firms may apply to WOLF for prime-rate loans with payments deferred for five years, with the following seven years amortized. The program is meant to provide gap-financing for critical launches for start-up businesses when financial flexibility is most needed.

The WOLF was launched in late 2010 by the City of Wooster and the Wooster Growth Corporation in collaboration with JumpStart and with support from the Wooster Area Chamber of Commerce, Wooster Community Hospital, and nonprofit Cascade Capital. Since its launch, the fund has awarded capital to a diverse array of promising young area companies.

The Wooster Opportunity Loan Fund (WOLF) is a hyper-local fund designed to support early-stage, high growth technology companies made available through the Wooster Growth Corporation, the community improvement corporation of the City of Wooster (www.woosteroh.com). The Fund is part of the JumpStart Entrepreneurial Network, a connected group of advisors, incubators, accelerators and seed funds delivering resources to tech entrepreneurs across Northeast Ohio. Wayne County-based startups with the potential to grow and raise additional capital, generate revenues and eventually create new jobs in the County can now apply for loans of up to $35,000. Applications for the 2016 round of funding are due November 4, 2016.

The JumpStart Entrepreneurial Network is a connected group of entrepreneurial support organizations collaborating to provide the space, capital, advice, support and connections Northeast Ohio startups need to grow. Members of the Network include pre-seed and seed funds, incubators, business advisors, accelerators and an online community. Visit www.jumpstartnetwork.org for information on regional resources and upcoming entrepreneur-focused events.

Other Wooster Area Resources for New Business Start-Ups

Wooster offers a myriad of valuable resources to help local entrepreneurs, or those thinking about starting a business. From educational workshops, to one-on-one mentoring from proven business leaders, to counseling on budgeting, in addition to non-profit financial resources similar to WOLF, but available to non-technology firms as well. Visit our Wooster for Entrepreneurs Page here.