Building A Bio-Med Hub in Cleveland
"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.