Ohio’s Best Colleges
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U.S. News and World Report Visits four colleges in Cleveland that made their annual list:
John Carroll University, Baldwin-Wallace College, Oberlin College, and Lake Erie College.
Popularity: 4% [?]
Hamilton County Joins Forces with Intuit
Intuit to provide free computer training to small business in Cincinnati area:
Popularity: 4% [?]
Chevy Cruze Announcement
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Popularity: 7% [?]
Ohio Best in the Midwest in BiosScience Industry
COLUMBUS, Ohio, July 30 /PRNewswire/ –
Ohio ranks best in the Midwest and 4th in the nation for its strengths in the bioscience industry according to a new report released by Business Facilities Magazine. The report ranks states based on their number of bioscience facilities, R&D funding, venture capital investments, employment, bioscience-targeted tax exemptions, university grant funding and higher education degrees.
According to the Ohio Business Development Coalition, the nonprofit organization that markets the state for capital investment, the report reinforces Ohio’s standing as a national leader in the bioscience industry.
“Ohio has created an ideal environment for establishing and growing a bioscience business,” said Tony Dennis, president and CEO of BioOhio, a non- profit organization designed to build and accelerate bioscience industry, research and education in Ohio. For businesses, the benefit is a critical mass of like-minded bio-businesses and research universities, and a highly qualified workforce. For executives, the state’s vast educational and recreational opportunities make Ohio particularly attractive both professionally and personally.”
The report’s authors concluded, “every state that placed in the top 10 of this year’s ranking should be considered a biotechnology leader.” As of December 2007, Ohio’s total bioscience entities grew to at least
818. Capital investments, which topped $1 billion in 2006 alone, accelerated Ohio’s bioscience growth by nearly $100 million, or eight percent, compared to 2005.
Based on the color model established by European bioscience leaders, Ohio’s strength in the Red (health), Green (agriculture) and White (industrial) bioscience industry sectors stimulates innovation, promotes
cross-collaboration and provides cost-effective solutions to scientific challenges.
One of the most significant initiatives supporting Ohio’s bioscience industry is the state’s Third Frontier Project, a 10-year, $1.6 billion initiative to help catalyze connections between companies and academia. The project is the state’s largest-ever commitment to expanding high-tech research capabilities and promoting innovation and company formation that will create high-paying jobs for generations to come.
Between January 2002 and June 2007, $637 million of Ohio’s Third Frontier Project funds had been competitively awarded, of which 55 percent supported bioscience-related development and commercialization initiatives. According to the Ohio Department of Development, this state investment has
led to an additional $2.7 billion in cost share and leveraged co-investment into Ohio while creating or retaining 4,850 jobs.
“Business leaders are realizing how, in Ohio, they’re able to find a perfect balance between successfully growing a business and still enjoying life,” said Ed Burghard, executive director of the Ohio Business
Development Coalition. “Business owners profit from the bottom-line benefits of better work-life balance for their employees. Ohio offers low-cost, low stress communities in a combination of micropolitan and
metropolitan cities. This diversity provides executives and employees the resources and time to make any ambition achievable. Ohio truly is the state of perfect balance.”
To view the complete report, visit Businessfacilities.com
Popularity: 14% [?]
McCain In Lima Ohio on Energy
Popularity: 8% [?]
Obama In Youngstown
Popularity: 11% [?]
Largest Ever Fed Job Fair Held
Popularity: 12% [?]
Ohio: Entrepreneur Friendly Reforms Changing Attitudes
While we usually have bad news about how Ohio’s ability to attract new business development and capital, the ODOD has this press release:
Popularity: 14% [?]
North Coast Opportunity Tech Fund
(CLEVELAND) July 2, 2008 — The members of the Board of Cuyahoga County Commissioners (BOCC), Jimmy Dimora, Timothy F. Hagan and Peter Lawson Jones, are pleased to announce the creation of the North Coast Opportunities (NCO) Technology Fund Pilot Program. The NCO Technology Fund will accelerate technology-based entrepreneurship, create new high paying jobs, and increase the flow of private investment to Cuyahoga County technology companies. Commissioner Jones, Board President, stated, “Our establishment of the NCO Technology Fund is yet the latest example of the County’s commitment to spurring the economic regeneration of our region…and we’re doing it the only way it can be done – by working collaboratively with the private sector to provide sorely needed capital to promising high tech companies.”
The NCO Technology Fund will provide payment-deferred loans to help small technology companies finance specific business development projects. Loans will range from $25,000 to $125,000 at a 5.0% fixed interest rate. The principal and accrued loan interest are due either at the end of the loan term or when the company achieves significant outside investment. “The County’s new fund will enable companies to attract follow-on private capital to grow their business”, said Comissioner Dimora. “Encouraging entrepreneurship and developing early stage companies is critical to the economic success of Cuyahoga County and all of Northeast Ohio.”
The NCO Technology Fund will be capitalized with $750,000 pledged by the BOCC to support TechLift, a NorTech-led initiative created by the State of Ohio’s Third Frontier program to increase support, services, and investment for entrepreneurial technology companies in Northeast Ohio.
“We highly value Cuyahoga County as a partner in the TechLift collaborative and commend them for their leadership in establishing the NCO Technology Fund. We hope other counties in Northeast Ohio will take an interest in improving entrepreneurship and technology business growth by replicating Cuyahoga County’s NCO Technology Fund model,” added Chris Mather, Director of TechLift and Vice President at NorTech.
The NCO Technology Fund is based on the strategic recommendations of the CuyahogaNext Advisors economic development task force. Established by the BOCC in 2004, CuyahogaNext is a network of individuals and organizations envisioned, convened and chaired by Commissioner Jones. CuyahogaNext recommended that the County assist entrepreneurs and support high potential/high growth technology-based business opportunities.
The NCO Technology Fund was developed by the Cuyahoga County Department of Development in collaboration with CuyahogaNext Advisors and NorTech’s TechLift program. To be eligible for funding a candidate must be a technology company with high-growth potential, based in or planning to move to Cuyahoga County, and a TechLift registered and supported entity. A selection committee comprised of TechLift Entrepreneurs-in-Residence (“EIRs”) and a County representative will analyze the list of potential candidates. Companies with the greatest prospect for raising seed or venture capital financing in the future will be selected for funding.
Commissioner Hagan affirmed, “The Cuyahoga County Commissioners are committed to advancing the interests of our residents and taxpayers through technological innovation and entrepreneurial development. This ground breaking partnership between the County and NorTech’s TechLift program will provide a higher level of services to entrepreneurs, helping to grow the region’s economy.”
About The Board of Cuyahoga County Commissioners:
The Board of Cuyahoga County Commissioners is a Political Subdivision of the State of Ohio, established by the State Legislature in 1808. Comprised of 38 cities, 19 Villages and 2 Townships with a population of 1,401,552*, Cuyahoga County is largely an industrial, recreational, educational and leading health care community. http://bocc.cuyahogacounty.us/
Popularity: 24% [?]
Ohio Invests $22 Million for BioMedical
Fisher announces nearly $23 million for biomedical projects
Funding goes to six proposals aimed at life-changing research
Columbus, OH — Lieutenant Governor Lee Fisher, Chair of the Ohio Third Frontier Commission, today announced that the Commission recommended nearly $23 million in funding through the Ohio Biomedical Research Commercialization Program for six Ohio projects that target research and development in areas including improved prosthetic limbs, better treatment of asthma and cystic fibrosis, and expanded programs for burn care and nerve repair.
“I’m particularly proud to announce these awards today because of the very real potential they present to change Ohioans lives for the better,” said Lt. Governor Fisher, who also serves as Director of the Ohio Department of Development. “The collaboration demonstrated by the State, our universities and research institutions, and our private companies illustrate the highest level of work we can do together to improve the health and quality of life for our citizens.”
The Biomedical Research Commercialization Program is to provide funds to help Ohio universities, research institutions, medical centers, and private companies work together to commercialize technology-based products and improve the health of Ohioans.
The Commission announced the following awards for the Fiscal Year 2008 Ohio Biomedical Research Commercialization Program:
The Cleveland Clinic’s Lerner Research Institute, located in Cleveland (Cuyahoga County) and in collaboration with Ohio Willow Wood and Cleveland State University, was recommended for $2.1 million in funding to develop a more functional prosthetic limb for transfemoral amputee soldiers. The proposed prosthetic would use electrorheological fluids (fluids whose viscosity changes with electrical charge), combined with an internal spring, sensors and control systems to allow the prosthetic to capture and return energy allowing a more normal gait. The aim of the research effort is to develop an above-knee prosthesis that will enable rapid rehabilitation and a sustained ambulatory lifestyle.
The Cleveland Clinic’s Clinical Tissue Engineering Center, located in Cleveland (Cuyahoga County) and in collaboration with Akron General Medical Center, Case Western Reserve University, University of Akron, and University of Cincinnati, was recommended for $4.9 million in funding to expand its network and programs beyond musculoskeletal applications in the areas of burn and scar care, wound healing and nerve repair. The Clinical Tissue Engineering Center was initially funded by the Ohio Third Frontier Program in 2004 with a plan to act as the hub of a network to bring scientists, tissue engineers, clinicians and private companies together to advance basic research findings to clinical practice.
Case Western Reserve University, located in Cleveland (Cuyahoga County) and in collaboration with Copernicus Therapeutics, Inc. and Polgenix, Inc., was recommended for $3.9 million in funding for the application of three complementary activities: development of nanoparticles for treatment of cystic fibrosis and retinitis pigmentosa; commercialization of a two-photon ophthalmoscope for early detection of retinal disease; and development of contrast agents for the detection of clean margins during breast cancer surgery.
The Cleveland Clinic, in collaboration with NASA Glenn Research Center, The Ohio State University, Case Western Reserve University, and Makel Engineering, Inc., was recommended for nearly $3.8 million to develop a nitric oxide sensor that will enable asthma patients to monitor their asthma at home. The proposal aims to re-develop a sensor used in the aerospace industry, and the project’s emphasis will be on testing and commercializing sensors already produced in Ohio.
The Cleveland Clinic, in collaboration with Case Western Reserve University and the University of Toledo, was recommended for $3 million in funding to develop small molecules that can enhance repair of the brain in multiple sclerosis with the goal not only of delaying progression of disability but reversing it. The lead compounds will be chemically optimized to obtain compounds suitable for licensing by major pharmaceutical companies as drug candidates.
Diagnostic Hybrids, Inc., located in Athens (Athens County) and in collaboration with Case Western Reserve University’s School of Medicine, and Apath, LLC, was recommended for $5 million in funding to further develop a yeast-based cloning system for viral diagnostics/treatment monitoring and to market these trials to hospitals, clinicians and pharmaceutical companies. The company focuses on delivering diagnostics tools to clinical virology laboratories, providing reagents for known cultivable viruses such as herpes, respiratory viruses and enteroviruses.
The Ohio Biomedical Research Commercialization Program provides grants which support biomedical and biotechnology research leading to Ohio commercialization and long-term improvements to the health of Ohioans. Projects are to be collaborations among Ohio higher education institutions, non-profit research organizations, and Ohio companies in the areas of human genetics and genomics, structural biology, biomedical engineering, computational biology, plant biology and environmental biology.
Popularity: 23% [?]