Northeast Ohio has a new healthcare-focused venture fund that's being led by a familiar name. Neurotechnology incubator NDI Medical, best known for the $42 million sale of a urinary incontinence-treating product to Medtronic in 2008, has started NDI Healthcare Fund with the help of $2 million in funding through Ohio's Third Frontier technology acceleration program.
NDI Medical LLC has raised $2.1 million to continue developing nerve-stimulating devices to answer patient needs and improve their health care. The Highland Hills company recently spun out two technologies -- one identifies nerves and muscles during surgery; the other stimulates nerves to relieve chronic pain.
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.