The Cleveland Clinic has joined Novartis, Johnson & Johnson and Wellcome Trust on the Most Influential Healthcare Corporate Venturing Divisions (pdf) list by Global Corporate Venturing, a monthly magazine and website written for the venture capital units of businesses.
The Clinic’s corporate venturing arm, Cleveland Clinic Innovations, ranked 27th on the list of 75 influencers picked through “third-party feedback from peers and venture capitalists, funds under management, portfolio size and recent activity, team experience and size,” the Clinic said in a release.
The Clinic was the only major academic medical center to make the list with its venture division, though Ascension Health Ventures, the venturing unit of the St. Louis, Mo. healthcare system, and Clarian Health Ventures, the unit of the Indianapolis, Ind. system, also made the list at 8th and 24th, respectively.
“Cleveland Clinic Innovations is proud to have been named in the Top 30 in the first-of-its-kind world ranking of healthcare corporate venturing organizations,” said Chris Coburn, executive director of Cleveland Clinic Innovations, in the release.
“Cleveland Clinic has historically been committed to innovation and its commercial application,” Coburn said. “Cleveland Clinic Innovations is, like the Clinic itself, a unique enterprise. We are built on top of the Clinic’s group practice model, distinguishing our efforts throughout healthcare.”
Some other Midwest venturing divisions that made the first-ever list: (Eli) Lilly Ventures in Indianapolis (9th), Medtronic Ventures and New Therapies in Fridley, Minn. (15th), and Procter & Gamble (36th) in Cincinnati.