Recent CWRU mechanical engineering graduates Austin Schmidt and Solomon Alkhasov won the 2011 Idea Competition, sponsored by LaunchHouse and CSU's Accelerated MBA program at Nance College of Business. They created a company called Affinity Algorithms, which develops proprietary computer arbitrage software to facilitate transactions between buyers and sellers in various online marketplaces. The software provides greater liquidity and price transparency in the marketplaces.

"We are developing a suite of online software that helps the seller in fragmented marketplaces better manage inventory," explains Schmidt. Although Schmidt and Alkhasov came up with the idea from their experiences buying and selling textbooks in college, they say it can be applied to many online marketplaces.

The idea for Affinity Algorithms came about in January, they set up shop in March, and landed at LaunchHouse this month. They plan to roll out a full build of the software in September.

Students from all Northeast Ohio colleges and universities were invited to pitch a business concept to a panel of entrepreneurs, venture capitalists, CSU faculty and LaunchHouse staff. The contest primarily focused on students who had innovative ideas in the fields of software and internet technology, low-tech medical devices and clean energy.

The second winner is Ronny Shalev, also a student at Case. Shalev created a product known as an autonomous intravenous (IV) insertion tool that will be the most effective replacement for the current procedure of manual vein localization and needle insertion. Shalev's tool will completely replace the need for trained medical staff.

Contest winners were each awarded a $2,500 scholarship to the Global AMBA program along with a prize basket of support services from LaunchHouse, "Additionally, we received a $500 check from LaunchHouse, along with a bunch of services that include legal services, accounting, and free space for three months," says Schmidt. "All in all, a very comprehensive package with everything needed to get a business off the ground."

The winners will also have the opportunity to compete for up to $5000 in follow on funding.

Source: Austin Schmidt
Writer: Karin Connelly

Since Veronica Walton created an urban farm on Ansel Road several years ago, she's been asked countless times about her lush, bountiful plots: "I'm looking for a job," some would say. "Can I work here?"

When asked such questions, Walton, who is the Director of the nonprofit NEO Restoration Alliance, would extol the virtues of urban farming. She explained the difference between community gardens and urban farmers, who sell their crops to customers via local farmers markets. Yet until recently, she's been unable to point to a truly local example where small-scale farmers could sell their harvest.

That's about to change. This summer, Gateway105 Farmers Market will launch at the intersection of East 105th and Ashbury streets. The market will provide the Glenville, Hough and University Circle neighborhoods with fresh, locally grown food. It will also feature work by local artists, complementary family activities, musical performances and free health screenings from local institutions.

Organizers of the market, which kicks off on Friday, July 1st and runs every Friday through October, hope to reach local residents and University Circle employees who shop for groceries before heading home from work.

The farmers market was organized by NEO Restoration Alliance and the Famicos Foundation, a nonprofit community development organization that serves the Glenville and Hough neighborhoods and develops affordable and market-rate housing.

"This is about building a community of individuals that learn to develop entrepreneurial skills, while providing a service to the community at the same time," says Walton.


Source: Veronica Walton
Writer: Lee Chilcote

By enrolling their employees in corporate wellness programs, companies are finding they can keep healthcare costs down, increase employee productivity, and reduce absenteeism, all by managing -- and in some cases reversing -- chronic illnesses. It's what folks like to call a win-win situation.

New Life Community and Interfaith Hospitality Network of Greater Cleveland (IHN) have come together to form Family Promise of Greater Cleveland, the largest organization in Greater Cleveland focused exclusively on helping homeless families transform their lives and achieve long-term stability while helping families remain together.

The two organizations officially merged on May 1. For the past two years, the organizations have worked to integrate staff, resources and programming to serve more families with even better outcomes at a lower cost per household served. Since 1990, New Life Community has helped more than 700 families. IHN has served more than 450 families since its shelter program was formed in 1998.

Family Promise will serve more than 100 families a year. "The goal is to definitely help families become self-sufficient and find new housing as rapidly as possible, and then maintain their housing long-term," says associate director Sarah Cruise. "By merging we've been able to combine our programming and serve more families long-term."

Two facilities -- an emergency shelter in Tremont for up to six days and interim housing in Mount Pleasant for up to six months -- a job preparedness program and case management services will give families all the resources to get back on their feet. "We're developing a relationship," says Cruise. "We can access services in the community and help with crises, the spiraling down that happens.

The home-based case management aspect of Family Promise is helping to serve more families quickly. "There is such demand for family housing," says Cruise. "By moving families faster, and individualizing the services, we're really serving families in a way that promotes long-term stability."

Source: Sarah Cruise
Writer: Karin Connelly

Cleveland rowers know the Cuyahoga River offers one of the most interesting and challenging race courses anywhere. Beneath the backdrop of the Terminal Tower, gritty piles of gravel, and lift bridges stained with a patina of rust, rowers navigate five major twists and turns, including an S-shaped curve, before reaching the finish line.

Soon, a national rowing audience will be exposed to these challenges too. At last week's ribbon-cutting ceremony for the $3 million Rivergate Park on the Columbus Road peninsula in the Flats, the Greater Cleveland Sports Commission and Cleveland Rowing Foundation announced that they have partnered with USRowing to create a national championship rowing competition.

The first USRowing Masters Head Race National Championship is set for September 16th, 2012 on the Cuyahoga River. Rowers will race in 5,000-meter sweep (one-oar) and sculling (two-oar) competitions.

In a press release, USRowing stated that Cleveland was a natural choice for the inaugural event due to its central location, challenging course and the community's history of support of amateur and national sporting events.

At the ribbon-cutting ceremony, Greater Cleveland Sports Commission CEO David Gilbert touted the economic impact that the rowing event would bring to the community. The sports commission has said that it has brought $300 million in economic activity to Northeast Ohio since it was created.


Source: Greater Cleveland Sports Commission, Cleveland Rowing Foundation, USRowing
Writer: Lee Chilcote

For 26 years, Nanofilm has been creating formulas for cleaning products and optical coatings in Valley View. Similarly, SDG Inc. in the Cleveland Clinic's Innovation Center has spent the last 16 years developing nanotechnologies in the medical and healthcare fields.

Until recently, the two were unaware of the each other's existence. Then, at a nanotechnologies networking meeting run by Polymer Ohio, Nanofilm's president and CEO Scott Rickert and SDG co-founder and senior vice president Robert Geho crossed paths. The meeting was the beginning of partnership in which each company brings their talents to the table to develop new products.

In early May Nanofilm and SDG Inc. signed a comprehensive joint development and licensing agreement to develop and commercialize nano-formulas that combine the two companies' technologies. Among the planned projects is development of technology to control the release and toxicity of bio-active agents at the nano-scale. Potential applications include longer lasting anti-bacterial surface treatments.

"I'm very excited about this," says Rickert. "Up until this point we have not had any way to do anything unique in the medicine and healthcare markets. We both have experience in the technology, but didn't know the other one's areas. This will allow us to take polymer films and make bioactive products that make our lives better and safer."

Rickert sees huge growth potential in the partnership. "It's going to be huge," he says. "Every time we come out with a new product announcement I see us hiring 20 more people." Rickert says they hope to announce their first new product development sometime this year.

Source: Scott Rickert

Writer: Karin Connelly

Explorys has formed one of the largest healthcare databases in the world, helping medical professionals provide better patient care and diagnoses. Spun off from the Cleveland Clinic in 2009 by Charlie Lougheed and Stephen McHale, Explorys has become one of the world's largest data platforms with over three billion clinical events and partner agreements with major healthcare systems that span over 10 million patients nationwide.

In its short life, Explorys has gotten six major healthcare providers on board, with the likes of Cleveland Clinic, University Hospitals, Summa Health System, MetroHealth and MedStar. These providers use Explorys solutions to discover actionable correlations and trends in treatments and outcomes to improve safety, increase quality, and to create cost efficiencies in delivering care.

"Explorys takes the data and puts it on a larger scale," says Lougheed. "We're changing the game in terms of how we treat populations and sub-populations of patients."

The company has grown to 25 employees. "We plan to double by the end of the year and double again next year," says Lougheed. "It's all in Cleveland and they're all high-tech jobs. We're pretty excited about what we can do in the community. We think we can grow this company into the hundreds in Northeast Ohio."

That growth will be possible thanks to $11.5 million in Series C financing led by Austin Ventures and Foundation Medical Partners, with follow-on investments from Santé Ventures and Cleveland Clinic.

"The validation that came from a group like Austin Ventures in a Cleveland-based company was really fulfilling," says Lougheed. "Others outside of Ohio really do see a good thing happening in this part of the country."


Source: Charlie Lougheed
Writer: Karin Connelly

Earlier this year, construction began for the new Medical Mart and Convention Center, a project that has received a lukewarm response from skeptical taxpayers. Working hard to prove them wrong is Tony Prusak, who as Director of Convention Sales is tasked with booking events. As a lifelong Clevelander, Prusak is driven by a desire to improve Cleveland's economic future. How? By "selling more cheeseburgers."

Adheris, the largest provider of direct-to-patient medication adherence programs, has chosen Cleveland-based CellepathicRx as its mobile platform provider. The partnership expands Adheris' delivery of its adherence-focused programs beyond mail to all mobile technology platforms -- text, email, web, and more.

"Medical adherence is a $300 billion a year problem," says Greg Muffler, CEO of CellepathicRx. "Our technology is a mobile platform that creates an ongoing intimate relationship with patients and their providers."

CellepathicRx's mobile health communication platform targets patients to help them understand and adhere to medication regimens, clinical trial protocols, health coaching, and health and wellness programs. The technology has been in development for more than two years, and was released in 2009.

"We chose CellepathicRx because of their deep knowledge of healthcare, retail pharmacies, and pharmaceutical industry technology, as well as the unique, flexible solution they offer," said Jim Rotsart, executive vice president of Adheris. "The use of mobile applications and texting is skyrocketing, so this relationship gives our pharmacy partners the opportunity to offer their patients choices regarding their healthcare -- whether it be receiving reminders, medication education, and/or copay assistance via email, mobile device, or traditional mail."

Muffler calls the relationship with Adheris a milestone for the company. "It's an inexpensive way to develop an ongoing relationship with patients," he says. "Our main goal is to ultimately improve patient outcomes, improve health and wellness, which we believe will have an impact on healthcare costs by getting people to take control of their own healthcare."


Source: Greg Muffler
Writer: Karin Connelly

Last year, Judson at University Circle tried something radically different. The nonprofit senior living campus gave two apartments to Cleveland Institute of Music (CIM) students in exchange for their participation in Judson's intergenerational programs.

The students quickly found that any time they practiced their instruments in public, they attracted an appreciative audience. Over the course of a year, they developed friendships that spanned generations.

Now one of Judson's intergenerational programs, Community Partners, has been nominated as one of 20 semi-finalists for the prestigious Eisner Prize for Intergenerational Excellence, a $100,000 grant from the California-based Eisner Foundation.

The Eisner Prize will recognize an individual or a non-profit organization that "excels in uniting multiple generations, especially seniors and youth, to bring about positive and lasting changes in their community," according to a press release. Members of the pulbic can cast their vote by visiting the website.

Judson created its first intergenerational collaboration with Ruffing Montessori School in Cleveland Heights 30 years ago. Today, Judson works with over 40 different educational and civic groups throughout Greater Cleveland. Judson's senior residents volunteer in local schools and communities, and in turn, students and adults volunteer at all three Judson facilities, Judson Manor, Judson Park and South Franklin Circle.

"Judson's intergenerational programs offer purposeful two-way learning opportunities that create meaningful relationships for all program participants," said Rob Lucarelli, Judson's Director of Communications, in a press release. "Using curriculum and arts-based programs that serve as a national model for connecting generations, we help to enrich lives and stimulate minds of all ages."

Individuals may vote for Judson once every 24 hours until May 15th.


Source: Rob Lucarelli
Writer: Lee Chilcote

Since its launch in 2000, the Greater Cleveland Sports Commission has brought to Cleveland over 85 sporting events with an estimated economic impact of more than $300 million. Those events include the U.S. Figure Skating Championships, Senior PGA Championship, NCAA Women's Final Four, and the Gravity Games. This summer, the Commission's flagship event, the Continental Cup, will bring in 4,000 young athletes from 25 countries for four days of competition.

Cleveland-area SPR Therapeutics is tackling the chronic pain market with its Smartpatch technology. The Smartpatch external stimulator delivers an electrical signal to an electrode placed in the muscle. The electrical signals stimulate the target nerve within the muscle, thereby exercising the muscle to treat the pain. The Smartpatch system will serve the $150 billion pain market, in particular those suffering shoulder pain from strokes, as well as chronic lower back pain.

"It's a very simple short-term therapy that can eliminate chronic pain," says Maria Bennett, president and CEO of SPR. "It can be administered by a surgeon or non-surgeon, has no side effects and is completely reversible."

The company, which was founded in January 2010, is a spinoff of NDI Medical, which developed the technology and licensed it SPR. JumpStart Ventures announced last week that it will invest $250,000 in SPR Therapeutics to help bring the technology to market later this year or in early 2012.

"JumpStart's investment really allows us to complete the commercialization," says Bennett. "It helps us get to market, be prepared with all the pieces and parts so we can really hit the ground running."

Meant for use up to 30 days, Smartpatch has also demonstrated long-term pain relief. The company's series of clinical feasibility studies demonstrated that, at the end of the short-term therapy, 84 percent of patients experienced a significant reduction in pain and 40 percent were pain free. After completing the Smartpatch therapy, 78 percent of these patients continued to have significant pain relief.


Source: Maria Bennett
Writer: Karin Connelly

At a ceremonial groundbreaking last week, Neighborhood Progress (NPI) and Pennrose Properties celebrated a $15.1 million project to renovate the former St. Luke's Hospital into 72 units of affordable senior housing. The event highlighted the project's sustainability features, the rich history of Saint Luke's and a grassroots effort to involve youth in beautifying the building.

Ohio Housing Finance Agency Director Doug Garver told the audience that the Saint Luke's project was selected to receive competitive Low Income Housing Tax Credits (LIHTC) because of its unmatched site amenities. The renovation will be energy-efficient, and the site is adjacent to a school, a library, a public transit station, a walking path, shopping and parks. "It's truly green in every sense," he said.

Denise San Antonio Zeman, President and CEO of the Saint Luke's Foundation, highlighted the rich history of Saint Luke's Hospital. Cleveland General Hospital, as it was known then, was originally located at 274 Woodland Avenue. "Public health nurses rode around on bicycles to make their rounds," she said. "Today, we'd call that green."

Throughout its long history, Saint Luke's Hospital remained committed to the needs of the community and the poor, Zeman added. "Now it's time to change the hospital's focus to meet the contemporary needs of the community," she said.

The developers also highlighted artists Angelica Pozo and Anna Arnold, who recruited Harvey Rice Elementary School students to create artistic boards that will cover up windows in the portion of the building awaiting future redevelopment. "This was a way to involve the local community while also beautifying the building," said Joel Ratner, President of NPI.


Sources: Doug Garver, Denise Zeman, Joel Ratner
Writer: Lee Chilcote

The North Union Farmers Market now operates eight different markets around the Greater Cleveland area. Three years ago, the nonprofit launched a new market at the Cleveland Clinic, bringing healthy, farm-fresh produce to a neighborhood that could use it most. Here is a video of the popular Cleveland Clinic market in action.

Neuros Medical, a Greater Cleveland based medical device company, has developed a neuro-stimulator that has proven to eliminate chronic pain in amputees. A feasibility study, the first test on humans, showed the company's high-frequency Electrical Nerve Block™ technology reduced pain to zero in four of the five patients studied.

The device, which looks like a pacemaker attached to a wire, uses a high-frequency signal to stop the pain. "It will literally block that pain signal before it gets to the brain to be received," says Neuros president and CEO Jon Snyder. "Patients have complete numbness with no side effects or issues with addiction."

The technology was developed by Case Western Reserve University biomedical engineering professors Kevin Kilgore and Niloy Bhadra. The study was conducted by Dr. Amol Soin of the Kettering Health Network Innovation Center and the Ohio Pain Clinic in Dayton.

"It's amazing when you look at pain studies, and patients have a pain level of seven and you get down to four," Snyder says of other studies in pain reduction. "We had patients with a seven, eight or nine get down to zero. We had one patient sleep through the night for the first time in years."

The next step is to share the data with strategic partners and venture capital firms while doing long-term studies and further develop the technology. "It really keeps you motivated to keep going to get it to market," says Snyder of the results. "It's really meaningful."


Source: Jon Snyder
Writer: Karin Connelly

JumpStart CEO Ray Leach has been named to the board of the National Venture Capital Association. The NVCA serves as the voice of the United States venture capital community and advocates for policies that encourage innovation and reward long-term investment.

While most of the organization's 400 members represent venture capital firms on the East and West coasts, Leach is the only member representing the Midwest. "In order to be successful as a non-profit, we need healthy venture capital nationally," says Leach. "It's a great way to be there, convincing them they have to invest in the Midwest."

Northeast Ohio leads the Midwest in venture capital deal activity, second only to Chicago in the amount of capital raised by companies with $234 million.

Leach is one of six new NVCA members elected to a four-year term. He was nominated by former NVCA board chair David Morgenthaler of Morganthaler Ventures and member Ray Lane with Kleiner Perkins, who thought Leach would be a good advocate for JumpStart's missives.

"I'm excited to play a role in advancing venture capital nationally and to offer my viewpoint from a region that's reinvented itself with the assistance of innovative initiatives like Ohio's state-led Third Frontier," says Leach. "For example, entrepreneurs in Northeast Ohio have raised more than $1.1 billion in venture capital in the last five years. By serving on the NVCA's board, I hope to bring greater visibility to our region's activity to increase investments and ultimately job growth."


Source: Ray Leach
Writer: Karin Connelly