Scouting for Growth Ron Rock: Why Ohio is the Ultimate Launchpad for International Startups
On this episode of the Scouting For Growth podcast, Sabine VdL talks to Ron Rock, Managing Director for the Financial Services Sector at JobsOhio.
When you think "FinTech hub," your mind might automatically jump to Silicon Valley or New York. But there’s a powerhouse in the heartland that's giving these coastal giants a run for their money: Ohio.
In our conversation today, we'll unpack why Ohio – a state that puts you within a two-hour flight of 75% of the U.S. and Canadian financial services industry – might just be the strategic move your startup needs to make.
KEY TAKEAWAYS
- Ohio has the 4th largest financial services economy in the US, so if you’re looking for partnerships, the market, people that’ll have a conversation with you, the operating costs will be a lot less than they are on the coasts in New York and California.
- If you’re a graduate in IT thinking about going into an IT profession, maybe it’s time to think about financial services. If you can do that kind of developing, programming or coding there’s a lot of opportunity in InsurTech and FinTech.
- There are a few different pillars you have to have for growth. The first is the economy in the state, which we do. Then, you have to have the ecosystem of players – the investors, large companies, startups that have found footing, and then the talent in that ecosystem has to be there as well. When we look at the talent that needs to fill the jobs of the future in financial services, we have to make sure the curriculums are up to par, including AI and low-code environments.
- We’re not a one-size-fits-all, we have programmes that didn’t fit earlier stage companies. We looked at that and how we could support formally and informally and now we have 3 innovation across the state. These give support whether that’s proximity to other innovators to incentives like JobsOhio growth Cap to support earlier state companies.
BEST MOMENTS
‘London and Mid-Western states have similar mentalities with amicable relationships. We find a way to make something happen.’
‘Startups have found footing in Ohio because of the climate we’re in, we don’t have large catastrophes or losses, so if you’re testing a new product or company you have that in your favour.’
‘Ohio is a microcosm of a larger market, almost like a sandbox in which you can pay before you launch.’
‘I call myself a connector, or facilitator, it’s the core of my job. I have to know the industry but I’ll never get deep into knowing exactly what the industry is doing. So I stay in my lane and make connections to the right individuals, listen to companies, and introduce people.’
ABOUT THE GUEST
Ron Rock is a forward-thinking business management executive and Managing Director of JobsOhio’s Financial Services Sector. With over two decades of experience spanning financial services, insurance, economic development, and process improvement, Ron is renowned for creating and executing strategic growth plans that boost market share, elevate customer loyalty, and broaden service offerings.
A dynamic leader, innovator, strategist, and connector, Ron bridges the gap between traditional institutions and emerging technology ventures. He regularly partners with founders, investors, and corporate stakeholders to identify opportunities for expansion into Ohio—home to the nation’s fourth-largest financial services economy. Under Ron’s guidance, JobsOhio provides tailored incentives and support, empowering promising fintech and insurtech startups to flourish while meeting the needs of major banks and insurers throughout the state.
Known for his collaborative style and commitment to continuous innovation, Ron’s work centers on connecting bright ideas with meaningful partnerships, ultimately creating jobs and sparking economic growth. His deep understanding of market dynamics, coupled with his emphasis on data-driven strategy, has positioned him at the forefront of Ohio’s rise as a nationwide hub for financial technology and insurance innovation.
ABOUT THE HOST
Sabine is a corporate strategist turned entrepreneur. She is the CEO and Managing Partner of Alchemy Crew a venture lab that accelerates the curation, validation, & commercialization of new tech business models. Sabine is renowned within the insurance sector for building some of the most renowned tech startup accelerators around the world working with over 30 corporate insurers, accelerated over 100 startup ventures. Sabine is the co-editor of the bestseller The INSURTECH Book, a top 50 Women in Tech, a FinTech and InsurTech Influencer, an investor & multi-award winner.
This Podcast has been brought to you by Disruptive Media. https://disruptivemedia.co.uk/