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JumpStart Inc., Northeast Ohio's venture development organization, has made an investment commitment of $350,000 in Advanced Materials Technology International LLC (AMTI). The Cleveland-based company is developing and commercializing a line of high-tech, energy-curable, nanoparticle materials for ink and coatings applications.
MTI has developed proprietary methods of manufacturing nanoparticle dispersion products which result in improved performance characteristics in a variety of applications. Because the products are solvent-free they are environmentally friendly, a quality that is of increasing interest within the industry.
"AMTI is positioned at the forefront of a changing marketplace for energy curable inks and coatings. Utilizing the assistance and resources of JumpStart will enable us to take advantage of this technology lead," stated Byron Hahn, Chief Operations Officer of AMTI.
Marc Insul, JumpStart Entrepreneur-in-Residence will be working closely with the company and providing business advisory services.
This is JumpStart's 36th investment in 26 companies. Other advanced materials and technology companies in JumpStart's portfolio include Aria Analytics, FLX Micro, RSP Tooling, and Stanton Advanced Ceramics.
About JumpStart Inc.
JumpStart (www.jumpstartinc.org) accelerates the growth of innovative early-stage businesses and ideas into venture-ready companies by delivering vital, focused resources to entrepreneurs and the community of Northeast Ohio. JumpStart identifies and invests in early-stage companies that have strong potential in the marketplace, solid prospects for high growth, and are likely to qualify for later-stage funding. Beyond investing, the JumpStart team provides a continuum of business development services to its client companies to help ensure their success.
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