CincyTech

News

Venture fund for aging-related products offers unique benefits to portfolio companies

It’s a cliche in the venture capital industry that VC firms offer much more than money to their portfolio companies. But it’s certainly true that venture firms routinely provide their companies with networking opportunities, introductions to key opinion leaders, domain expertise and business development assistance, in general. A new Cincinnati venture fund that’s been launched […]

Health IT

Voice-command software documentation company hires new CEO

A company that’s developed voice-driven work flow and documentation software for endoscopic surgery centers has hired a new CEO. Trent McCracken, who has a background in telecommunications software, becomes chief executive of Cincinnati-area eMerge Health Solutions, according to a statement from the company. eMerge’s software uses a patent-pending voice recognition system to document intraoperative procedures […]

Devices & Diagnostics

MRSA test company closes $2.3M investment

Tennessee transplant NanoDetection Technology has cashed in on the promise of an investment that drew it to Ohio earlier this year   and  has closed on  a $2.3 million series A round of funding. The Cincinnati-area company is developing a low-cost, point-of-care diagnostic test for MRSA  (Methicillin-resistant Staphylococcus aureus) to be sold to hospitals and physicians’ […]

Pharma

Airway Therapeutics raises $500K for premature infants’ lung drug

Airway Therapeutics has received commitments for $500,000 of what’s anticipated to be a $1.2 million fundraise. The startup, built on technology developed at Cincinnati Children’s Hospital, is developing a drug that would improve lung function in premature infants. The $500,000 in funding was split between investors CincyTech, a state-backed venture development group, and Tomorrow Fund, […]

Health IT

Cincinnati documentation software firm launches with $650K investment

A group of Cincinnati gastroenterologists have been joined by several business and technology partners to launch a health IT company that develops intraoperative voice-command software to document surgical procedures. The company, eMerge Health Solutions, has received $650,000 in investment commitments, including $250,000 from state-supported venture development group CincyTech, according to a statement from CincyTech. eMerge […]

Pharma

Forest Labs to buy anti-arrhythmia drug from Blue Ash Therapeutics

Cincinnati-based Blue Ash Therapeutics has reached an agreement in which Forest Laboratories (NYSE:FRX) will purchase the rights to an anti-arrhythmia drug the Ohio firm has been developing. New York-based Forest didn’t release financial terms of the deal in a statement. Under the terms of the deal, Forest will be responsible for all future development and […]

News

Third Frontier grants $3M to support startup tech companies

The Ohio Third Frontier Commission has awarded more than $3 million to entrepreneur-support organizations that provide services and investments to startup technology companies. The grant awards were made under the Third Frontier Pre-Seed Fund Initiative and Entrepreneurial Signature Program. — Cincinnati USA Regional Chamber was awarded $2 million for its Southwest Ohio Signature Program: The […]