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| Sep 18, 2012 | Report: 6 in 10 venture capital dollars invested in Northeast Ohio go to the healthcare industry | The new data comes from information collected from investors by BioEnterprise and JumpStart Inc. and compiled in the 2007-2011 Greater Cleveland Venture Capital Overview, published by the Northeast Ohio Venture Capital Advisory Task Force.
... |
| Dec 9, 2011 | Stroke diagnosis startup IschemiaCare gets nearly $1M Ohio loan | IschemiaCare CEO Jeff June declined comment when reached by email.
In September, June said the company had closed on $800,000 of a $1.1 million series B round of investment he hoped to complete by the end of the year. IschemiaCare plans to ... |
| May 27, 2011 | Euclid Ventures: A fund that wasn’t (but someday might be) | “We’re trying to find ways to raise as much capital as we can for companies in the region,” he said.
The idea behind the fund was to co-invest with other venture firms in series A rounds for startups that are too mature for the JumpStart mo... |
| May 3, 2011 | Thermedx aims for national distribution with surgical fluid system | After a “soft launch” that brought its surgical fluid management system to 14 hospitals, medical device startup Thermedx LLC is looking to go national.
The Solon, Ohio-based company received FDA clearance on its 37-5 Fluid Management System... |
| May 2, 2011 | Thermedx looks to go national with surgical fluid management system | A big key to getting the device into more clinicians’ hands will be boosting the number of distributors Thermedx works with. The company currently has distribution deals with two partners, Haritakis said.
Thermedx, which has pulled in more ... |
| Jan 27, 2011 | Ohio Third Frontier program hands out $25M to early stage investment funds | Promoted
Clinical Care Capacity Planning
Learn how to manage clinical care capacity more efficiently during uncertain times.
SAP
Promoted
Covid-19’s terrible toll on diabetes patients. What can be done?
The public health crisis has undermin... |
| Dec 23, 2010 | Third Frontier renewal tops Ohio biomedical highlights in 2010 | Promoted
This Patient Experience Checklist Is Your Key To Success in 2021
As healthcare systems strive to recover from losses due to the pandemic, patient acquisition and retention have never been more urgent, and patient experience has nev... |
| Jul 15, 2010 | Top University of Minnesota research official fires back at critical legislators | Tim Mulcahy’s eyes lit up as the thought suddenly seized him.
“Here’s what we can propose,” said Mulcahy, vice president of research at the University of Minnesota. “Perhaps the university is too risk averse in our assessment” of potential ... |
| Jun 24, 2010 | OrthoHelix tops recent fundraise with $1M Third Frontier grant | Its product is high tech and in a cluster and industry targeted for development — biomedical and orthopedic, respectively. OrthoHelix also plans to put its grant money to work by finishing development of a technology called OrthoLock, which... |
| Mar 3, 2010 | Queen City Angels defy bad economy, invest in 8 health care companies | Akebia Therapeutics–Cincinnati biopharmaceutical company focused on the development of small molecules for the treatment of anemia and vascular disease.
AssureRx–The Mason, Ohio company that provides bioinformatics to select the right drug ... |
| Feb 23, 2010 | Ohio Third Frontier supporters hit the grassroots campaign trail | The program that had a $6.6 billion economic impact, created 41,300 jobs and returned $10 for every $1 invested by the state in its first seven years runs dry by mid-2012. People like Eric Fingerhut, Ohio Board of Regents chancellor and Thi... |
| Feb 22, 2010 | Night Read (Ohio): Christ Hospital Mount Auburn plans expansion | Business has been so good for the Cleveland Clinic’s West Palm Beach complex, the medical center plans an expansion, according to the Palm Beach Post.
Dr. Howie Werman usually spends his work day in board meetings and the well-equipped emer... |
| Feb 13, 2010 | Ohio Third Frontier campaign pulls out big names, money to renew state’s biggest economic development program | Alex Shumate, a global managing partner in the Columbus office of  law firm Squire Sanders, is treasurer of the campaign, which has been named United for Jobs and Ohio’s Future, she said.
Begun in 2002 by Gov. Bob Taft, Ohio Third Fronti... |
| Feb 3, 2010 | $700 million renewal of Ohio Third Frontier heads for May ballot | The resolution was filed with Ohio Secretary of State Jennifer Brunner, meeting the Feb. 3 deadline to make it onto the May ballot. However, the Ohio Ballot Board must review the language of the resolution before it is certified for the bal... |
| Feb 2, 2010 | Ohio legislators will ask voters to extend Third Frontier for four years with $700 million bond issue | Both General Assembly chambers must approve the joint resolution and file it with Ohio Secretary of State Jennifer Brunner by the end of Wednesday for it to appear on the May 4 ballot.
Gov. Bob Taft started Third Frontier in 2002 to re... |
| Feb 1, 2010 | Ohio Third Frontier stakeholders hope for nearly full funding for five-year extension | Promoted
Telemedicine’s potential to provide healthcare to the world’s most vulnerable
Teladoc Health Head of R&D Yulun Wang highlights the impact of virtual care in underserved populations around the globe through the World Telehealth ... |
| Jan 27, 2010 | Third Frontier bond issue proposal halved by Ohio Senate | On Tuesday, the Senate voted 21-12 to halve the bond issue to $500 million (pdf) and added $100 million for the Public Works Commission over two years to support local roads, bridges and sewer systems.
Gov. Bob Taft started Third Frontier i... |
| Jan 26, 2010 | Health care companies grab two of three VC dollars in Northeast Ohio | “Health care continues to be Cleveland’s flagship sector,” said Baiju Shah, president and chief executive of BioEnterprise, in the release about the venture capital report. “The success of regional health care start-ups continues to attract... |
| Jan 20, 2010 | CardioInsight raises $5.7 million for heart-mapping technology | By Mary Vanac
CLEVELAND, Ohio — CardioInsight Technologies Inc. raised $5.7 million in an ongoing funding round to help commercialize its heart-mapping technology, according to a regulatory filing.
The Cleveland company’s electrocardiograph... |
| Jan 20, 2010 | CardioInsight raises $5.7M for heart-mapping technology | CardioInsight got its start in 2006 with $750,000 in funding from Draper Triangle Ventures, the Pittsburgh office of Midwestern venture capital fund Draper Fisher Jurvetson, JumpStart Inc., the nonprofit venture development organization... |
| Jan 12, 2010 | San Diego’s Quidel Corp. to buy Diagnostic Hybrids in Athens, Ohio, for $130 million | Diagnostic Hybrids develops and makes cellular and molecular diagnostic kits for viral respiratory infections, herpes, chlamydia and other viral infections and thyroid diseases.
“Diagnostic Hybrids will broaden Quidel’s current portfolio in... |
| Jan 8, 2010 | University of Cincinnati research confirms new tool shows severe heart attacks — MedCity Evening Read, Jan. 8, 2010 | Liberal think tank ProgressOhio is inviting state voters to a noon-time “tele-townhall meeting” on Tuesday, Jan. 12, during which Sen. Sherrod Brown will speak about the continuing debate on health care reform in Congress, according to a ci... |
| Jan 6, 2010 | Columbus venture group Ohio TechAngel Funds raises $2.5M for third fund | In Ohio, these groups and the economic development  organizations that often support them have received millions of grant dollars from the Ohio Third Frontier project.
Some of that support is starting to show. Huston said his first Tech... |
| Dec 31, 2009 | Ohio Third Frontier backers mount campaign to market program to voters | Though the program has been judged an economic success by two recent analyses, the average Ohio voter probably doesn’t know what Third Frontier is. This reality has weighed heavily on the nine commissioners and 16 advisers who sit on boards... |
| Dec 15, 2009 | Cleveland Clinic readies Global Cardiovascular Innovation Center for heart, vascular tenants | “This is state-of-the-art space adjacent to the No. 1 clinical facility in North America for cardiovascular care,” Chris Coburn, executive director of Cleveland Clinic Innovations. “This is as good as it gets in terms of providing a home fo... |
| Oct 23, 2009 | Neurostimulation device developer Neuros Medical Inc. wins $1.8 million from investors | Initially, the device is being developed to block residual limb pain caused by complications of amputations, as well as chronic pain after surgery and migraine pain.
Neuros Medical will use the investors’ money to kick off product developm... |
| Oct 12, 2009 | Case Western Reserve University School of Medicine gets $1.25 million to study schizophrenia | Robert Miller, vice dean for research and the Allen C. Holmes Professor of Neurological Diseases, will be responsible for the nerve and brain portion. And Dr. Robert Findling, the Rocco L. Motto, M.D., Professor of Child & Adolescent... |
| Sep 15, 2009 | Ohio Third Frontier creates $6.6 billion in economic impact, 41,300 jobs | Overall, that represents an investment return of 10-to-1, said Jennifer Ozawa, senior economist at SRI’s Center for Science, Technology and Economic Development, in her firm’s presentation to the Third Frontier groups. Federal research and ... |
| Sep 14, 2009 | BioInnovation Institute in Akron takes name of heart surgeon, retiring Knight Foundation chairman | “Naming the bioinnovation institute after the Austens highlights our commitment to the institute and to the cause of creating transformational change in the City of Akron,” said Alberto Ibarguen, president and CEO of the foundation, in a wr... |
| Jul 17, 2009 | New biomedical grant opportunities offered by Ohio Third Frontier | Ohio Third Frontier, the $1.6 billion project that is scheduled to sunset in 2012, has granted almost $900 million since its 2002 start, Chagnon said. He and other Third Frontier leaders already are talking about how to raise money f... |
| Jul 15, 2009 | Minnesota legislator will re-try incentive package, inspired by small biotech departures | “What is the next St. Jude Medical? What is the next Medtronic?” Saltzman said. “Anyone — state, county, anyone — if they think we don’t have to continue to work on being the best and we just can coast on our past successes we’re in tro... |
| May 28, 2009 | Ohio’s Third Frontier project grants $6 million to two biomedical commercialization efforts | The University of Cincinnati will receive $3 million to develop and commercialize a technology that strengthens materials used to make medical devices. Laser shock peening technology treats the surface of materials to make them stronger, ... |
| Apr 8, 2009 | MedCity morning read, Wednesday, April 8 | Mental note to Midwest biotech recruiters: schedule trips to Washington.
Other stories worth a read:
Psilos Seeks $450 Million Health Care Fund, Defying Crunch (Bloomberg)
China faces $1.5bn software bill on healthcare, says IBM (Financial ... |
| Ohio Third Frontier creates $6.6 billion in economic impact, 41,300 jobs | Updated 2:56 p.m.
COLUMBUS, Ohio — Late in its middle-age, the Ohio Third Frontier project has created $6.6 billion in economic impact and 41,300 jobs (pdf) in seven years, an independent research institute told members of the Third Fr... |
| $700 million renewal of Ohio Third Frontier heads for May ballot | COLUMBUS, Ohio — A $700 million renewal of Ohio Third Frontier — the 10-year, $1.6 billion project to re-energize Ohio’s economy by investing in emerging technologies — is on its way to the May 4 ballot, thanks to bipartisan support of a co... |
| CardioInsight raises $5.7M for heart-mapping technology | CLEVELAND, Ohio — CardioInsight Technologies Inc. has raised $5.7 million in an ongoing funding round to help commercialize its heart-mapping technology, according to a regulatory filing.
The Cleveland company’s electrocardiographic mappin... |
| Top University of Minnesota research official fires back at critical legislators | Tim Mulcahy’s eyes lit up as the thought suddenly seized him.
“Here’s what we can propose,” said Mulcahy, vice president of research at the University of Minnesota. “Perhaps the university is too risk averse in our assessment” of potential ... |
| Queen City Angels defy bad economy, invest in 8 health care companies | Queen City Angels invested in seven life sciences companies and one health information technology company last year, according to its 2009 annual operating report (pdf).
The group of accredited investors finished the year with 12 investment... |
| Stroke diagnosis startup IschemiaCare gets nearly $1M Ohio loan | A startup that’s hoping to be the first to commercialize a blood test that can diagnose the cause of stroke has received a state loan for nearly $1 million.
The $943,000 in financing for Cincinnati-area IschemiaCare comes through the Innova... |
| Case Western Reserve University School of Medicine gets $1.25 million to study schizophrenia | Updated 6:49 p.m.
CLEVELAND, Ohio — Three Case Western Reserve University School of Medicine researchers will lead an interdisciplinary team that uses a $1.25 million, four-year, National Institutes of Mental Health grant to study schizoph... |
| Night Read (Ohio): Christ Hospital Mount Auburn plans expansion | News and notes from the day in MedCity, Ohio:
Two years after emerging as an independent with aspirations to become one of the nation’s top hospitals, Christ Hospital in Mount Auburn hopes to spend hundreds of millions of dollars in the nex... |
| Health care companies grab two of three VC dollars in Northeast Ohio | CLEVELAND, Ohio — The health care industry has attracted two out of three venture capital dollars invested in Northeast Ohio companies in the last five years, according to the 2009 Venture Capital Report for the Cleveland Plus Region (pdf).... |
| Euclid Ventures: A fund that wasn’t (but someday might be) | Plans for a new, small, state-backed investment fund that would’ve been operated by Cleveland-based venture development group JumpStart were shot down earlier this year by the state’s Third Frontier program.
But JumpStart and the lead inves... |
| Thermedx looks to go national with surgical fluid management system | After a “soft launch” that brought its surgical fluid management system to 14 hospitals, medical device startup Thermedx is looking to go national.
The Solon, Ohio-based company received U.S. Food and Drug Administration clearance on its 37... |
| Columbus venture group Ohio TechAngel Funds raises $2.5M for third fund | COLUMBUS, Ohio — Early stage venture group Ohio TechAngel Funds has raised $2.5 million for its third investment fund, according to a regulatory filing.
Like the group’s previous funds, Ohio TechAngel Fund III will invest in Ohio-based te... |
| Neurostimulation device developer Neuros Medical Inc. wins $1.8 million from investors | CLEVELAND, Ohio — Neuros Medical Inc., a start-up company that is developing a neurostimulation device to block chronic pain, has landed $1.8 million from several investors during its first round of venture financing.
North Coast Angel F... |
| Minnesota legislator will re-try incentive package, inspired by small biotech departures | ST. PAUL, Minnesota –Many states aspire to have a medical industry like Minnesota’s. It turns out Minnesota wants what many other states have as well.
Legislators, spurred in part by the recent departure of small biotech companies to Wiscon... |
| Cleveland Clinic readies Global Cardiovascular Innovation Center for heart, vascular tenants | CLEVELAND, Ohio — The Cleveland Clinic is looking for tenants to occupy the Global Cardiovascular Innovation Center it’s building on the southern edge of its main campus.
The $19 million project at East 101st Street and Cedar Road will host... |
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Ohio Third Frontier looking to award $60M in seed funding for tech companies | |
| Ohio’s Third Frontier project grants $6 million to two biomedical commercialization efforts | COLUMBUS, Ohio — Ohio’s technology development project — the Third Frontier — has granted $6 million to two biomedical commercialization efforts in the state, according to the Ohio Department of Development.
A consortium headed by the Clev... |
| BioInnovation Institute in Akron takes name of heart surgeon, retiring Knight Foundation chairman | AKRON, Ohio — On its first anniversary, the BioInnovation Institute in Akron added “Austen” to its name, recognizing internationally renown heart surgeon and retiring Knight Foundation Chairman Dr. W. Gerald Austen and his wife Patricia R. ... |
| Ohio Third Frontier stakeholders hope for nearly full funding for five-year extension | COLUMBUS, Ohio — Ask most people touched by Ohio Third Frontier whether the state’s largest economic development project ought to be renewed and you’ll get a resounding “Yes!” A tougher question: How much money should the state borrow to ex... |
| Third Frontier renewal tops Ohio biomedical highlights in 2010 | Most people in Ohio’s biomedical industry would’ve considered 2010 a good year if just one key thing happened — voters renewed the state’s $1.35 billion, 10-year Third Frontier program, which is designed to energize Ohio’s economy by invest... |
| OrthoHelix tops recent fundraise with $1M Third Frontier grant | OrthoHelix Surgical Designs Inc. topped off a recent $14 million investor fundraise late Wednesday afternoon with a $1 million Ohio Third Frontier grant.
Third Frontier is Ohio’s $2 billion project to develop the state’s economy by investin... |
| Third Frontier bond issue proposal halved by Ohio Senate | COLUMBUS, Ohio –Â A joint resolution to put a bond issue that renews the Ohio Third Frontier project on the May 4 ballot was adopted by the Ohio Senate Tuesday — at half its original size — and is on its way back to the Ohio House.
The reso... |
| Ohio legislators will ask voters to extend Third Frontier for four years with $700 million bond issue | COLUMBUS, Ohio — A conference committee of the Ohio General Assembly agreed late Tuesday evening to ask voters to renew the Ohio Third Frontier project for four more years with a $700 million bond issue.
The amount of general revenue bo... |
| Ohio Third Frontier backers mount campaign to market program to voters | COLUMBUS, Ohio — Backers of the Ohio Third Frontier are mounting a campaign to market the state’s biggest-ever economic development program to voters who will be asked to renew and expand the program in May.
Still in its formative stage, th... |
| San Diego’s Quidel Corp. to buy Diagnostic Hybrids in Athens, Ohio, for $130 million | Updated 4:41 p.m.
ATHENS, Ohio — Quidel Corp., the San Diego, Calif., company that makes diagnostic tests used at the point of patient care, has agreed to acquire Diagnostic Hybrids Inc. in Athens for $130 million in cash.
Quidel develops a... |
| University of Cincinnati research confirms new tool shows severe heart attacks — MedCity Evening Read, Jan. 8, 2010 | News and notes from a day in MedCity, Ohio:
A multi-center trial involving University of Cincinnati research confirms that a new tool — an 80-lead electrocardiogram — can show severe heart attacks in more patients, potentially leading to be... |
| Ohio Third Frontier program hands out $25M to early stage investment funds | Ohio’s Third Frontier technology acceleration program has awarded $25 million to several early stage investment funds in the state.
The grants come under two different Third Frontier programs, which are designed to funnel growth capital to ... |
| New biomedical grant opportunities offered by Ohio Third Frontier | INDEPENDENCE, Ohio — The Ohio Third Frontier program is offering some new grant opportunities for biomedical companies and researchers in the coming year — one, thanks to the availability of federal economic stimulus dollars.
Representat... |
| Report: 6 in 10 venture capital dollars invested in Northeast Ohio go to the healthcare industry | Despite the recession, venture capital investing in Northeast Ohio showed significant growth from 2007 to 2011 over the previous five years.
A big-picture look at venture capital deals in the region over the past five years found that North... |
| MedCity morning read, Wednesday, April 8 | Imagine if Ohio shut down its Third Frontier program? Or Indiana were to scuttle its 21st Century Fund?
The equivalent may happen in Washington, where Xconomy reports that the state will likely gut its 10-year, $350 million Life Science Dis... |
| Ohio Third Frontier supporters hit the grassroots campaign trail | Supporters of the Ohio Third Frontier kicked off their campaign Tuesday morning to woo voters to renew the state’s largest economic development program by voting Yes on Issue 1 during the May primary election.
Third Frontier is the $1.35 bi... |
| Ohio Third Frontier campaign pulls out big names, money to renew state’s biggest economic development program | COLUMBUS, Ohio — Ohio Third Frontier backers are pulling out the big names — and hoping for the big bucks — for a campaign aimed at getting voters to approve a $700 million bond issue to renew the state’s biggest economic development pro... |