Making something consumers can see and touch comes along with some unique challenges. It’s not always easy to know what steps to take without wasting precious time, money, and energy. We work with innovators who face these challenges every single day.
Build products that customers want
Making guesses is part of innovation. But guessing wrong when you’re building a new product can stall your progress and sap your budget. That’s why we help our members pinpoint their critical assumptions and quickly test them with real customers. Here are just some of the milestones that our approach can help you reach:
Create a value proposition
Validate the market need for your product
Build a working prototype
Construct a persuasive pitch
Create a data-driven financial model
Develop a manufacturing process
Design a go-to market plan
Assemble a powerful team and Board of Directors
Team up with the manufacturing experts
We KNOW MANUFACTURED PRODUCTS.
For over 30 years, MAGNET has been helping manufacturers grow and compete in Northeast Ohio by providing assistance with operations, product development, employee engagement, and more. We also support, educate, and champion local manufacturing with the goal of transforming our economy into a powerful, global player.
WE'LL HELP YOU INVEST YOUR TIME AND RESOURCES WISELY.
Lean innovation is the heart of our entrepreneurial program, which means we work with you to prioritize your critical assumptions and design plans to validate them. That saves the two things startups need the most: time and money.
WE'RE FOCUSED ON GROWING
NORTHEAST OHIO'S ECONOMY.
Overall, MAGNET's mission is to help companies grow and succeed by creating jobs and inspiring a manufacturing renaissance in Northeast Ohio. In the last 5 years, we've helped manufacturers create or retain over 3,300 jobs and generate over $270 million in additional revenue.
Boost your resources
Need some additional insights on your strategy? Have a product development issue only an engineer can solve? Want to explore new markets but have no idea where to start? No worries - you'll get dedicated time with our team of subject-matter experts each month.
You'll receive an experienced mentor to serve as your coach and guide along your journey to growth. Our mentors are seasoned entrepreneurs and professional who know how to get things done and can help you reach your goals, no matter how unique they might be.
As a member of MIC, you'll receive discounts on MAGNET's services and solutions for manufacturers. From engineering and design to market assessment and strategy, we can help you tackle your toughest challenges and advise you on how to make the smartest investments possible.
Need a space to work and experiment with new products and ideas? Give your venture a home in downtown Cleveland! You'll receive 24-hour access to a co-working environment. Private office, free parking, and other options available for an additional fee.
Our members get access to cutting-edge innovation training taught by MBA-quality instructors. We'll cover critical business topics like business model design, lean startup experimentation, and channel strategies.