An Office of Community Technology Transfer being piloted at Lorain County Community College in northeast Ohio was specifically created to fill the invention gap between research institutions and the greater community.
A group of students from Case Western Reserve University in Cleveland, Ohio won the $20,000 first place prize this weekend in the 10th annual Stu Clark Investment Competition at the Fort Garry Hotel. Their business pitch, Disease Diagnostics, was for a new way to diagnose malaria that is already receiving interest from health authorities in malaria-affected regions.
Akron, Ohio-based mobile health application service provider iRxReminder Llc has bagged $250,000 for its seed financing round, a statement about the funding said.
Seven local startup companies have received a total of $400,000 in grants from the Innovation Fund in Lorain County. Three companies received $100,000 and four received $25,000.
The Ohio Third Frontier Commission on Wednesday approved more than $15.8 million in grants and loans for cutting-edge technology companies and startups based in Northeast Ohio.
By finding its own way into advanced industries, Cleveland pioneered innovation strategies that might work for cities around the world.