This post is sponsored by BioEnterprise.
Cleveland’s biomedical industry has grown from 300 companies in 2002 to over 700 companies in 2011. Medical Device companies make up half of the total and include firms such as Philips, Hitachi, Steris, Invacare, Integra, Greatbatch and GE. Biopharmaceutical companies, Boehringer Ingelheim, Ricerca, WIL Laboratories, and Affymetrix, are all located in the region. A growing number of Health Care IT companies such as Hyland Software, Radisphere and LexiComp complete the industry composite.
The strength of Cleveland’s biomedical industry can be seen not only in its breadth but also in its clusters. Strengths in the Imaging, Orthopedic, Neurodevice, and Cardiovascular clusters are most prominent in the region’s industry. Deriving from these clusters are newer sectors in Biomaterials, Health IT, Biosensors and Regenerative Medicine.
When Investment Rhymes with Canada
Canada has a proud history of achievement in the areas of science and technology, and the field of biomanufacturing and life sciences is no exception.
Cleveland biomedical companies are led by experienced management teams. Entrepreneurial talent thrives in a network of deep assets, extensive resources, and a culture of collaboration. Proven biomedical entrepreneurs are moving to Cleveland to leverage the region’s innovation platform of private and public funding, business assistance and institutional collaboration.
Regional biomedical companies attract funding from venture capital, private equity, and strategic sources as well as state and federal grant programs. Over $1 billion has been invested in over 100 startup companies since 2003. To investigate employment opportunities in the Cleveland biomedical industry, visit the virtual Cleveland Biomedical Job Fair . Register now to become part of the growth.
