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November 05, 2010

Posted by: Cleveland Plus Marketing Alliance

Incubators and accelerators are popping up throughout the region, fueled by Ohio’s Third Frontier Project, outside venture capital funding and organizations dedicated to accelerating entrepreneurship in Northeast Ohio. Bio-related innovation opportunities are plentiful in Northeast Ohio with 63 hospitals and 230,000 bio/medical employees that have recently created bio startups worth nearly $1 billion.

Cleveland’s BioEnterprise, which includes Akron’s BioInnovation Institute, is a business formation, recruitment and acceleration program designed to grow healthcare companies and commercialize bioscience technologies in Northeast Ohio. For a wider range of innovators, the region’s JumpStart Inc. is a resource that boosts entrepreneurship and assists startups with business plans and funding.

The region’s expertise in metalwork and more than 300 companies involved in alternative energy have made it an attractive fit for Rolls Royce in Canton and wind energy component manufacturers and OEMs across the area. NASA Glenn Research Center in Cleveland, as well as thousands of Northeast Ohio firms in the aerospace sector, produce research and development and high-paying jobs in innovation across the region.

In Akron, a concentration of polymers research at The University of Akron’s College of Polymer Science and Engineering and Bridgestone’s research and development center, help maintain its status as a global hub for the industry and create new opportunities through innovation.

The areas of innovation included above are a small portion of the number of innovative industries that are thriving in the region. With advances being made every day, Northeast Ohio truly is a hotbed for entrepreneurship and innovation.


 

Category:  Economic Development 

Tags:  innovation, entrepreneurship, JumpStart, BioEnterprise, NASA Glenn, The University of Akron, Rolls Royce, Ohio Third Frontier, Cleveland Plus, alternative energy, fuel cells

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