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.
Investors have poured another $2.5 million into Segmint, an Akron company that makes software designed to help marketers target individuals.