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, located in Cleveland, is the platform where global healthcare leaders – industry, health systems, investors, and innovators – convene and collaborate to develop solutions to solve high-priority healthcare issues. Engaged brands include BioEnterprise, Cardinal Health, Case Western Reserve University, Cleveland Clinic, DHG Healthcare, G2G Consulting, GE Healthcare, Gleeson, HIMSS, Innovation Fund Northeast Ohio, JumpStart, MetroHealth System, OnBase by Hyland, NGP Capital, Philips Medical, Plug and Play, RiverVest Ventures, RRE Ventures, Siemens, SmartShape, Steris, TeamNEO, University Hospitals System and multiple digital health, medical device and biotechnology startups.
Located in the heart of Cleveland, the Health-Tech Corridor is a three-mile thoroughfare that houses more than 170 biomedical, healthcare, and technology companies that take advantage of close proximity to healthcare institutions, including Cleveland Clinic and University Hospitals, business incubators, and academic centers, including Case Western Reserve University.
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 Cleveland FES Center is a consortium of four nationally recognized institutions: Louis Stokes Cleveland VA Medical Center, Case Western Reserve University, MetroHealth Medical Center, and University Hospitals of Cleveland. The collaborative environment allows researchers, engineers and clinicians to work in a unique alliance to develop innovative, patient-centric solutions that improve the quality of life of individuals with neurological or other muscular skeletal impairments. Through the use of neurostimulation and neuromodulation research and applications, the Cleveland FES Center leads the translation of this technology into clinical deployment.
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, The Bit Factory, a start-up accelerator designed around a collaborative philosophy and work space that fosters growth and acceleration, and Bounce, an innovation hub that brings together startup founders, small businesses, large corporations, investors, makers, individual innovators, artists, and universities to create meaningful connections that serve Northeast Ohio’s entrepreneurial and innovation community.
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.