Absorbent Materials Company LLC and MAX Endoscopy Inc., two Ohio-based companies, each received $250,000 from JumpStart Inc., the Northeast Ohio venture development organization that accelerates the progress of high growth early-stage businesses.
Based in Wooster, Absorbent Materials develops a material that absorbs toxins in water.
MAX Endoscopy is a medical device manufacturer using fiber optics to guide the treatment of hemorrhoids . It has a manufacturing facility in Macedonia, OH.
With these two investments, JumpStart has invested in four new companies in 2009’s fourth quarter, bringing its portfolio of high growth, early-stage companies to 44.