A new $250,000 investment from economic development group JumpStart is part of an ongoing Series A that dental device startup Zuga Medical is raising to support an initial roll out its dental implant system this summer. Founded in 2006 by a Cleveland-area dentist and maxillofacial surgeon, Dr. Chan Wang, the company makes a dental implant […]
A medical device company with a new way to help surgeons gauge the success of spinal fusion surgeries has just arrived in Northeast Ohio, and investors in the area have welcomed it with $1.1 million in fresh capital. A recent transplant from Louisville, OrthoData Inc. is developing an implantable sensor that attaches to a rod […]
A new Cleveland-based startup is innovating on diagnostic technology in cardiology with the hope of getting into a $1 billion (and growing) market dominated by St. Jude Medical and Volcano Corp. Fractional flow reserve, or FFR, is a technique that measures the pressure difference across a coronary artery stenosis. It’s one of a few techniques […]
Despite the recession, venture capital investing in Northeast Ohio showed significant growth from 2007 to 2011 over the previous five years. A big-picture look at venture capital deals in the region over the past five years found that Northeast Ohio tech-based companies raised $961 million from venture capitalists and angel investors between 2007 and 2011. […]
Therapeutic hypothermia medical device company Life Core Technologies has received a $250,000 investment from state-backed economic development group JumpStart. The funding is part of an anticipated $3 million series A investment for the Cleveland-area company, which will use the cash on clinical studies aimed at furthering adoption of its device, CEO Mike Burke told MedCity […]
It’s well-known among local investors that Cleveland-area economic development group JumpStart has achieved one exit (DIY Real Estate Solutions) since it began investing in Northeast Ohio startups in 2004. But what’s less known is that JumpStart had another exit of sorts last year, when a portfolio company was sold (and sold again), though it certainly […]
A specialty drug is a class of prescription medications used to treat complex, chronic or rare medical conditions. Although this classification was originally intended to define the treatment of rare, also termed “orphan” diseases, affecting fewer than 200,000 people in the US, more recently, specialty drugs have emerged as the cornerstone of treatment for chronic and complex diseases such as cancer, autoimmune conditions, diabetes, hepatitis C, and HIV/AIDS.
A clinical-stage biotechnology startup that’s developing a therapy for neuromuscular diseases such as muscular dystrophy has received a $250,000 investment from nonprofit economic development group JumpStart. Cleveland-based Milo Biotechnology’s drug candidate is based on technology developed at Columbus’ Nationwide Children’s Hospital, and the company has already begun a clinical trial there, according to a statement […]
A new $250,000 microloan fund has been launched to help Northeast Ohio entrepreneurs in need of a small and quick cash infusion. The Appleseed Micro-Loan program is designed to provide loans of up to $35,000 to businesses with fewer than 50 employees and is being overseen by the Braintree Business Development Center in Mansfield, Ohio. […]
Plans for a new, small, state-backed investment fund that would’ve been operated by Cleveland-based venture development group JumpStart were shot down earlier this year by the state’s Third Frontier program. But JumpStart and the lead investor in the fund, which would be called Euclid Ventures, haven’t given up on the fund and are exploring options […]
Health IT firm CoverMyMeds has raised $1 million to continue developing its prior authorization technology. The fundraising has come over the course of about a year, with the largest investors being Cleveland venture development group JumpStart and Charles Hallberg, the founder of MemberHealth, a Solon, Ohio prescription drug coverage company that sold for $630 million […]
Munck Wilson Mandala Partner Greg Howison shared his perspective on some of the legal ramifications around AI, IP, connected devices and the data they generate, in response to emailed questions.
“This machine kills fascists!” That blaring howl, made by entrepreneur Marc Canter while brandishing a laptop high over his head, was certainly the highlight from a sheer entertainment standpoint of a public “community engagement meeting” held by Cleveland venture development group JumpStart. (At the end of the meeting, Canter was escorted out by security after […]
Just a few weeks after it enjoyed hearty praise from President Obama, Cleveland economic development group JumpStart has been on the receiving end of some harsh criticism from three local entrepreneurs.
The well-documented phenomenon of fake Twitter accounts have been used to skewer the rich and famous from politics to business to sports to Hollywood. But you know the fake Twitter trend has jumped the shark when it's happening to little-known business incubators and largely under-the-radar seed investment funds. In recent weeks, two such Northeast Ohio groups have received the fake Twitter treatment.
SironRX hopes to raise $2.5 million, which it would use to fund a Phase 2 clinical trial of its wound-healing technology.
Investing in health is one of the reasons some are predicting the Midwest will be one of 2011's hottest growth markets for venture capital investing. Through the first three quarters of 2010, the amount of venture money invested in Midwestern startups grew 45 percent to $818 million, according to the National Venture Capital Association. That's a higher amount than Midwestern venture investment in the full year of recession-plagued 2009.
