In a CNN Money
feature titled “Cleveland: Booming in more ways than Lebron,” Tom Thriveni reports on the work being done at Cleveland Heartlab specifically and the Health-Tech Corridor in general.
“[Jake] Orville is the CEO of five-year-old Cleveland Heartlab, which has licensed several innovations from researchers at nearby -- and world-renowned -- Cleveland Clinic. The partnership was initiated by the clinic as part of its mission to turn its inventions into commercially viable medical products, generating profits for both parties. To date, besides Heartlab, 66 neighboring companies have spun out from Cleveland Clinic ideas since 2000. All told, the clinic has 525 patents and 450 licensing agreements,” Thriveni writes.
“The 1,600-acre Health-Tech Corridor acts as Cleveland's biomedical nerve center, housing three major health-care institutions besides the Cleveland Clinic, four higher education institutions, more than 130 biomedical and other technology companies and eight incubators that lease space and provide consulting and other business development services. This is where the Cleveland Clinic and other partner organizations, such as incubator BioEnterprise, interact with researchers, clinical caregivers, academics and business executives. State-funded groups like Team NEO (for North East Ohio) were launched to help attract new business to the region. Since Cleveland Heartlab opened in the Health-Tech Corridor's first building, eight additional buildings have opened for tenants. A ninth will open soon.”
Read the rest here