Innovation hubs further propel advancements by providing appropriate facilities, access and proximity to premier institutions and global companies, creative start-ups, and thought leaders in a variety of professions. Within The Medical Capital there are several innovation hubs:
The Global Center for Health Innovation is a trusted forum where individuals invested in health and healthcare engage and connect. Part of the Cleveland Convention Center complex, the Global Center brings together large corporations, healthcare systems, educational institutions and developing companies to discover what’s possible in healthcare. The collaborative atmosphere encourages inspired, innovative and forward-thinking ideas that can lead to future advancements in the industry.
The Cleveland Health-Tech Corridor (HTC) is a 1,600-acre area spanning the heart of Cleveland’s east side, connecting Cleveland’s vibrant Downtown to its cultural hub of University Circle. It is a prime location for biomedical, healthcare and technology companies looking to take advantage of close proximity to four world-class healthcare institutions including Cleveland Clinic and University Hospitals, six business incubators, four academic centers, and more than 170 high-tech and health-tech companies engaged in the business of innovation.
In conjunction with JumpStart, the Cleveland Health-Tech Corridor is offering the HTC Investment and Attraction Fund for businesses seeking relocation to the HTC. Applying businesses must meet the criteria of the JumpStart Evergreen Fund.
The Akron BioMedical Corridor, located in downtown Akron, brings together three nationally known hospitals (Akron General Medical Center, Akron Children’s Hospital and Summa Health System), the Northeast Ohio Medical University (NEOMED) and a world-leading biomaterial center at the University of Akron.
The Corridor also hosts the Akron Global Business Accelerator, the winner of the 2008 National Business Incubation Association Incubator Innovation Award, and The Bit Factory, a start-up accelerator designed around a collaborative philosophy and work space that fosters growth and acceleration.
A key component of the Corridor is the Akron BioInvestments Funds, which provides access to grants and loans to appropriate companies. The Akron BioMedical Corridor focuses on orthopedics, wound healing, burns, imaging and advanced functional materials applications and devices.