Cleveland’s growing urban farming scene has gained national recognition as a creative response to the problems of foreclosure and vacancy. Now the challenge for these homegrown entrepreneurs is to develop business strategies that help turn their startups into year-round businesses.

In this video, Chris Coburn, Executive Director of Cleveland Clinic Innovations, explains how the organization takes the intellectual assets of the Cleveland Clinic -- be they medical devices, diagnostics, or drugs -- and turns them into commercial products. With names like Cleveland Heart, Explorys, and Juventas Therapeutics, its track record is impressive.

Let's imagine that the Northeast Ohio healthcare innovation community is a football team. That would make business recruiter BioEnterprise the quarterback, "handing off" startup companies to Austen BioInnovation Institute in Akron, with an aim of scoring funding and resources a company needs to succeed. 
 
Strained metaphors aside, BioEnterprise and Austen are two local groups working as a team to push a regional economic transition from staid manufacturing to the more vibrant realm of healthcare and innovation technology. What exactly do these groups do and how do they do it? How do they work together to achieve their goals? Key members from each organization share their connected strategies.
 
Providing a guiding hand
 
BioEnterprise is a Cleveland nonprofit tasked with growing healthcare companies and commercializing bioscience technologies. The early-stage firms BioEnterprise assists are seeking to produce medical devices and biotechnology, or developing drugs for commercial use.
 
The economic development group was founded in 2002 by the Cleveland Clinic, University Hospitals and Case Western Reserve University as a way to harness area strengths in medical devices and healthcare technology. The nonprofit's foray into a potentially lucrative "innovation economy" is built by guiding new companies, not funding them, says interim president Aram Nerpouni.
 
Read the rest here...

Whether it is health care, information technology, clean tech or business and consumer products, our region’s increased level of startup activity is attracting funding from venture capital firms both here in Northeast Ohio and beyond. But experts say there's a ways to go before the Silicon Valley comparisons stick.

Vocon, an architecture and design firm in Cleveland, was named one of the top places to work by the NorthCoast 99. Vocon was recognized for its positive work environment and fostering an atmosphere dedicated to creativity, innovation and collaboration for its staff.
 
The NorthCoast 99 event was created in 1999 by the Employers Resource Council to recognize companies that create good workplaces. The awards ceremony was held on Sept.19 at LaCentre Conference and Banquet Facility in Westlake.
 
Vocon, which has added 30 employees and grown to 100 total employees in the last two years, has maintained a healthy growth rate while still focusing on creating an ideal workplace. “We’re growing in the right way,” says Susan Austin, chief human resources officer for Vocon. “We still have that small company feel, but we keep our current staff engaged.”
 
The company prides itself on a diversity of ages and talents who learn from each other. “We’re non-hierarchical,” says Austin. “It’s not about titles, it’s about contributions. We take inexperienced employees and put them in positions very early where they can shine. When you have the freedom to get work done you work harder.”
 
Of course, being one of the top places to work, Vocon offers its perks as well. “We work hard, but we play hard too,” says Austin, who adds that the company recently installed a nine-hole putt-putt golf course in the offices.

 
Source: Susan Austin
Writer: Karin Connelly

Bizdom, the nonprofit accelerator created by Cleveland Cavaliers owner Dan Gilbert, recently moved to new, 7,000-square-foot offices in downtown Cleveland to better assist the growing portfolio of startup technology companies in its program.

Bizdom graduated its first class of entrepreneurs in January and has made 13 investments in Cleveland businesses so far. The new office space is designed to provide useable space for entrepreneurs, as well as those who mentor them.

"The goal was to be downtown and near the Quicken Loans family of companies," says Paul Allen of Bizdom. "We have room for approximately 20 businesses and two conference room areas. They can have desk space, network access, printers and meeting breakout rooms. There is also space to play darts, music or foosball."

Bizdom's mission is to "help startup businesses go further faster by helping them at their earliest stages," says Allen. Entrepreneurs accepted into the three-month accelerator program receive a $25,000 investment in exchange for giving up an eight percent equity stake in their company. They also receive free training and mentorship throughout the program. After they graduate, they may receive additional support such as follow-on funding or subsidized office space.

Bizdom is a nonprofit organization, and if a company is sold at a later date (something that has already happened twice at its Detroit office), the proceeds from Bizdom's equity stake will go towards helping other entrepreneurs.

Bizdom's new offices are located at 250 West Huron Road, Suite 203.


Source: Paul Allen
Writer: Lee Chilcote

When Case's think[box] is completed, it will be one of largest university-based invention centers in the world, bigger even than Stanford's d. school, MIT's Fab Lab, or Rice's Design Kitchen. It’s a venture that has the potential to play a major role in spurring innovation in the region, say local educators and entrepreneurs.

Several times each week, giant freighters the length of two football fields travel up the crooked Cuyahoga River to deliver raw materials. In this slide show, Fresh Water photographer Bob Perkoski goes along for the ride.

On the heels of the National Association of Seed and Venture Funds annual conference, the Great Lakes Venture Fair will host its first event at the Cleveland Marriott on October 17 and 18. The event is a joint effort between the Ohio Capital Fund, Ohio Venture Association, JumpStart, TechColumbus and CincyTech.

“The event builds on the past seven successful years of the Ohio Early Stage Summit,” says Chris Sklarin, event chair and investor manager with Edison Ventures. “Great Lakes Venture Fair will showcase the region’s high potential companies to investors with a focus on successful strategic partnerships -- how it’s done.”

The Great Lakes Venture is designed to highlight the activity in the region, as well as identify the next big things. “It’s important in general for the region because this is the new economy,” says Sklarin. “This is where we find new growth, new ventures. It would be really great for us to have a successful large company to grow out of this.

Keynote speaker for the event will be Jeff Weedman, who took a two-year leave as vice president of global business development of Proctor & Gamble to become CEO of Cintrifuse in Cincinnati. He will talk about the corporate partnerships behind Cintrifuse as well as join a panel discussion about working with strategic investors.

Sklarin’s advice to entrepreneurs planning on attending is straightforward. “Bring your business cards -- there’s a lot of networking,” he says. “Have your elevator pitch down. You want to get out there and meet everyone you can.”

Organizers are expecting as many as 300 attendees.


Source: Chris Sklarin
Writer: Karin Connelly

The Cleveland-Cuyahoga County Port Authority is asking voters to vote "Yes" on Issue 108, a levy that would cost property owners roughly $20 a year per $100,000. Fresh Water discusses the importance of the levy and more with Port President and CEO William Friedman.

On a recent September morning, the American Courage freighter began a trip upriver at the Port Authority’s Cleveland Bulk Terminal, where it picked up roughly 15,000 tons of iron ore. This was the 635-foot freighter’s second trip that day up the 5.5-mile ship channel to ArcelorMittal, where workers would later turn the iron ore into steel used to produce cars, construct buildings, and make household appliances.