The goal of the OCTT is to help community inventors who don't have tech transfer offices at their disposal turn their ideas into products.
Four Northeast Ohio startups will receive financial help to launch products from the Incubator at Magnet. Magnet, a nonprofit that champions advanced manufacturing in Northeast Ohio, said nine companies submitted applications for the Magnet Product Acceleration & Technical Assistance (MPAcT) grant. The four companies with winning submissions are Disease Diagnostic Group LLC; DragonID LLC; Folio Photonics; and Motion Resolution.
BoxCast, a company in Cleveland that has developed a plug-and-play video broadcast system called the Broadcast Box, has received a $250,000 investment commitment from nonprofit venture development organization JumpStart Inc.
Zuga Medical, a medical device company, recently received a $250,000 investment from JumpStart to launch its dental implant system. In April Zuga received FDA approval for its system, which allows a general dentist to perform implants using a screw, a procedure previously done only by oral surgeons.
A Cleveland company that has developed a new system for installing dental implants has received a $250,000 investment from JumpStart Inc. The company, Zuga Medical, will use the money to begin testing its system with dentists in the Cleveland area.
The process of making bourbon whiskey hasn't changed much in decades. But in Cleveland, Ohio, Tom Lix aims to disrupt the traditional aging process of bourbon. His company, Cleveland Whiskey, started selling its bourbon on March 1.