![]() The founder and CEO of Point, an app with tools for nonprofit organizations to manage and engage volunteers, is also a Columbus native, and remembers standing up on tables and bars to get people to download her app. Though Madison Mikhail Bush’s company, Point, has not yet raised formal funding, she found starting a company in Columbus to be both difficult and rewarding. That lower cost of living has also had a direct effect on how an entrepreneur thinks about building a company, Potts said. “And the city is starting to embrace startups in such a positive way.” “Columbus has smart, driven and experienced entrepreneurs who are incredibly giving with their time,” he addrf. Potts called the city “an absolute talent hotbed for healthtech” and one where “countless people in Columbus graciously give me their time to ask questions, learn from them and pitch ideas to them” throughout his startup journey. He went on to co-found medication delivery company ScriptDrop in 2016 and now GiftHealth in 2020. Nick Potts, co-founder and CEO of prescription startup GiftHealth, is a veteran of the Columbus startup scene, having joined CoverMyMeds when it was fewer than 50 employees. Image Credits: Shep McAllister (opens in a new window) / Unsplash Startup Central Meanwhile, therapeutics company Amgen announced last November that it is building a new biomanufacturing facility in New Albany, one of Columbus’ suburbs, providing 400 jobs for assembling and packaging medicines.Īll of this activity, plus a low cost of living, availability of a young, skilled talent pool and public/private partnerships eager to support entrepreneurs, research and innovation, is why TechCrunch has chosen to spotlight Columbus’ growing startup scene with a special episode of TechCrunch Live. Register for the free virtual event here.Ĭolumbus has also caught the eye of enterprises, including Facebook, Amazon and now Intel, which announced earlier this year that it will build two chip factories outside of the city that will provide 3,000 company jobs and many more thousands of indirect jobs. Forge plans to add 200 new jobs by 2023.Īttend the TechCrunch City Spotlight: Columbus event on Wednesday, June 1. Other notable raises include Forge Biologics’ $120 million Series B round, which was thought to be Ohio’s largest Series B to date. Root Insurance, which raised over $800 million since 2015, went public in 2020. in 2017 for $1.4 billion, which represents Central Ohio’s first $1 billion exit. Olive is now valued at over $4 billion and is among Columbus success stories like CoverMyMeds, a healthcare software company that was acquired by the McKesson Corp. So far in 2022, $110 million has gone into Columbus startups. That’s when investment essentially doubled, going from $583 million in 2020 to just over $1 billion, with half of those dollars going into two companies: healthcare technology company Olive and autonomous robotics company Path Robotics. Investment into the city startups started picking up around 2017 and really peaked in 2021. Venture capitalists injected over $3 billion into the city over the past 20 years, particularly in healthcare and insurance startups, according to Crunchbase data. ![]() It is steadily becoming an emerging tech scene in the Midwest where startups are finding all the tools needed to develop burgeoning businesses. Where the Olentangy and Scioto rivers come together lies the city of Columbus, Ohio, a bedrock town famously known as “Test City, USA,” boasting demographics that mirrored the country’s population, and the home of The Ohio State University. Why Intel picked Columbus, Ohio to build chips.Startups in Columbus, Ohio are thriving and hiring.
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