Erin Burnett reports on a technology used by fighter pilots that helps surgeons simulate intricate surgery.
Lorain County Community College and the Austen BioInnovation Institute in Akron have formed a partnership, which the two groups suggest will accelerate the commercialization of medical technologies.
Together, the organizations say they will expand access to capital to move medical discoveries to market by exploring the creation of a pre-seed fund, which would be built on the success of LCCC's Innovation Fund, which gives startups grants. The fund would provide money to qualifying technologies developed through the research and development work of the two organizations.
Youngstown State University and the Manufacturing Advocacy & Growth Network (MAGNET) have signed a cooperative agreement that will enable small to midsize manufacturers in the Mahoning Valley to gain easier access to the research capabilities, hard assets and world-class knowledge and technological capabilities based at YSU and four other institutions.
The agreement commits YSU, Cleveland State University, Case Western Reserve University, Lorain County Community College and the University of Akron to further economic development in the region by helping manufacturers pursue innovative growth strategies through MAGNET's Partnership for Regional Innovation Services to Manufacturers (PRISM) program.
The Innovation Fund, which was started in 2007 to help fund technology startup companies before they attract larger investors and has become the first source of funding for entrepreneurs in Northeast Ohio, continues to receive state funding to continue its mission of rewarding new businesses.
The Ohio Controlling Board on Monday authorized $2.125 million to the Lorain County Community College Foundation to benefit the fund.
"It is wonderful that state funding through the Ohio Third Frontier continues to support of mission of helping companies at the earliest state of their development," said Tracy Green, LCCC's vice president for strategic and institutional development.
AAA estimates that as a nation, we spend just about $4.8 billion each year repairing our cars due to the obscene amount of damage caused by potholes. Now add that hefty bill to the time wasted calling tow trucks and fixing our banged up vehicles, and you've got yourself one tremendous headache of a day. ... The solution? Hole Patch, LLC: a safe, cheap, and eco-friendly bag designed to temporarily fill potholes, patching up those pesky dips in the road drivers love to hate.
Ever had to collect thousands of applications and whittle them down to find the best hundred candidates? Universities and businesses do it all the time, and it's not an easy task.
New York and Cleveland-based DecisionDesk wants to change that. The company takes the application and selection process into the cloud, promising to make the lives of administrators a lot less stressful. And it just raised $1.75 million in new funding to keep innovating.