"The Cleveland Clinic and Ohio State University agreed yesterday to join forces in fast-tracking the commercialization of health-care technology, signaling a desire to compete less and collaborate more," writes Ben Sutherly for The Columbus Dispatch.

"In addition to health care, cooperation between the two institutions will focus on venture capital, funding and Third Frontier activities," The Dispatch adds.

"Cleveland Clinic Innovations has filed more than 1,600 patents and formed 48 spinoff companies receiving more than $600 million in equity investment, officials said. Cleveland Clinic Innovations and those spinoffs have generated nearly 1,000 jobs. Wexner Medical Center and Ohio State’s College of Medicine have filed 168 patents and have spun off five health-care companies that have secured about $26 million in equity investment. The number of jobs created wasn’t available yesterday."

Read the rest here.