Building A Bio-Med Hub in Cleveland

Fast Company's annual list of innovative cities takes a look at Cleveland, which has struggled with population loss but emphasized its identity as a center for health care industries.

"As the city bled jobs in traditional sectors, such as manufacturing, committed competitors -- including Cleveland Clinic, University Hospitals, Case Western Reserve University, and Summa Health System -- banded together to save the city and themselves. In 2002, they launched BioEnterprise, a unique accelerator that provides health-care startups with access to biomedical-specific expertise, world-class research, and cold, hard investment cash."

Locals are trying to revive the city's economy through innovative approaches to the biomedical industry. BioEnterprise is taking a venture capital approach to luring businesses into town.

Full Story: Cleveland: Venture-Capital Mind-Set [Fast Cities 2010]

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