Building on BioTech | An Installment of the Cleveland Connects Series
With the opening of the Global Center for Health Innovation in October 2013, this installment of Cleveland Connects will examine the biotech business and its economic development ramifications in the greater Cleveland area. What already sets Northeast Ohio apart? How best can we build on Cleveland's considerable biotech assets and how can we best attract new talent and investment capital to the region? How can the greater community profit from the innovations already seeded by the Cleveland Clinic, Case Medical Center, the Austen BioInnovation Institute in Akron and the MetroHealth System, to name just a few? We will seek out answers to these and many other questions on the next Cleveland Connects. Watch the full Building on Biotech program.
Boosters for biotech in Northeast Ohio: Peter Krouse
What PNC Bank, the Northeast Ohio Media Group, The Plain Dealer and Ideastream bring together, let no polar vortex pull asunder. And with that vow, the next installment of Cleveland Connects entitled "Building on Biotech" is scheduled to go forward Monday night. As readers may recall, the original date for the public forum was to have been Jan. 6, only to have a snowstorm and dangerously cold temperatures force its postponement. The same panel of experts previously on tap will gather to discuss the breadth and depth of our region's health-related institutions, the amount of innovation they produce, and by extension, the potential for economic development.
Cleveland wins attention as hub of medical innovation
Cleveland "is going from the butt of Hollywood jokes to a hub of innovation," particuarly in the bioscience field, according to a feature from Ozy.com, which bills itself as a "daily news and culture site for the Change Generation."
The story's focal point is Jake Orville, CEO of 5-year-old Cleveland HeartLab, which has licensed several innovations from researchers at the Cleveland Clinic. To date, besides HeartLab, 66 neighboring companies have spun out from Clinic ideas since 2000, the story notes. All told, the Clinic has 525 patents and 450 licensing agreements.
Hiding Out in Ohio: Bioscience
Down the street from Jake Orville's office in downtown Cleveland you can hear the cutting of steel gears from a nearly 100-year-old manufacturer of machinery parts. Just beyond that lies Millionare's Row, a stretch of historic homes built by industrial tycoons like John Rockefeller and Wester Union founder Jeptha Wade, who dominated the city in the late 1800s and early 1900s. But in the midst of these landmarks to the city's legacy as a manufacturing powerhouse, Orville and his team are working on something Rockefeller and Wade could never have envisioned: patented technologies to test for heart disease.