Regional Economy

Israeli-born artist provokes and inspires through Negative Space Studio and Gallery
Wood burning artist Gadi Zamir uses the space as his own studio as well as a place to host events and display many prominent artists.
ProtoTech event focuses on product startups and investors
When the Incubator at MAGNET launched ProtoTech last year, the event was a pitch competition for product-based start-ups competing for $25,000 in prize money. This year, organizers have shifted focus a bit with ProtoTech: INVEST – a networking and pitch event that is all about investment in growing companies.
 
“Last year it was a pitch event for really early stage companies,” says Dave Crain, the Incubator at MAGNET executive director. “This year we’re more about connections and networking than it is of a contest. It’s for presenters who are looking for $500,000 to $2 million in investments.”
 
There will be pitches, but in a less formal setting without voting or prize money at ProtoTech: INVEST. Fifteen to 20 technology based start-ups with a focus on products will showcase their companies to investors at the event. “It’s an opportunity to get the right people in the room to make connections, network and find funding,” says Crain, adding that ProtoTech: INVEST is the next step in pitch competitions.
 
“It’s just a part of the evolution, part of maturity,” Crain says. “There will always be pitch competitions, there always should be pitch competitions. We’re just building a pipeline. This is the next level of maturity as these companies grow up.”
 
Crain says the shift came in response to feedback from both sides involved in start-up fundraising. “What I’m really hearing from both the start-ups and investors is while Ohio has made a lot of progress, no one is doing this locally – this is something successful ventures cities are doing.”
 
Some of the companies already registered are Cleveland WhiskeyVadxxBiolectrics and Everykey.
 
ProtoTech: INVEST will be held at the Metropolitan at the 9 on Thursday, June 4. Registration and pitches will be from 2pm to 5pm; dinner and networking at 5pm. Presenters can register here; investors can register here.
Three local artists building a year-round film industry
Cleveland has played a starring role in several blockbuster films in recent years, creating an economic boom in the local film industry. Can local filmmakers build on that success?
This weekend In Cleveland: Station Hope, Bowlectivo and more
This weekend, celebrate history and social justice at Station Hope, bowl with Clevelanders that have big ideas at Bowlectivo, relive the dream of the ‘90s at Mahall’s MTV Spring Break Dance Party, run four miles to support clean water and more.
Women-led arts ventures bringing new life to Waterloo
Three new creative studios, BRICK Ceramic + Design Studio, Praxis Fiber Workshop and Ink House Annex, are set to open just in time for the summer season.
Vibrant City Awards attract sold-out crowd, celebrate urban champions
On Tuesday, over 500 guests gathered at the Victory Center in the Health-Tech Corridor to celebrate the sold-out Vibrant City awards, hosted by Cleveland Neighborhood Progress.

CNP President Joel Ratner told the crowd, “The facts are there. Data shows that our region is gaining brains and income, our city schools are making terrific improvements, and Cleveland’s population loss is ending. We are headed into an era of exciting growth.”

City of Cleveland Community Development Director Daryl Rush was honored with the inaugural Morton L.Mandel Leadership in Community Development Award. Other recipients were:

CDC Catalytic Project/Program Award
Fairfax Renaissance Development -- Intergenerational housing

Urban Realtor Award
Keith Brown and Dave Sharkey – Progressive Urban Real Estate

Developer Award
Keith Sutton and Dave Territo, Sutton Builders

Neighborhood Branding & Marketing Award
Downtown Cleveland Alliance – You and Downtown Video

Community Collaboration Award
Gordon Square Arts District (DSCDO, NWT, CPT)

Corporate Partner Award
Third Federal Saving
Cleveland Orchestra makes itself 'At Home' in Slavic Village
The orchestra's residency, which continues through May, is an amalgamation of free concerts, community service efforts, educational collaborations in local schools and health and wellness events over a three-month period.
Cleveland Clinic Innovations creates thriving companies out of research
Through turning inventors' ideas into medical products and services, CCI has created 73 spinoff companies in the past 15 years, including some that have become recognizable entities in Cleveland and worldwide.
3D printing brings the sexy back to Cleveland's manufacturing sector
A high-tech parts-building process that "prints" three-dimensional solid objects from digital files is taking hold in Northeast Ohio.
Rustbelt Reclamation brings new life to salvaged materials
As vacant factories, schools and homes are torn down or remodeled, Rustbelt Reclamation is saving materials that would otherwise be thrown out and using them to build sleek, new furniture.
Healthcare big data pioneer Explorys acquired by IBM
Since 2009, Explorys has leveraged big data in the healthcare field to form one of the largest healthcare databases in the world, helping medical professionals provide better patient care and diagnoses. Formed out of the Cleveland Clinic in October 2009 by Charlie Lougheed and Stephen McHale, Explorys has become one of the world’s largest data platforms.

Last Monday, McHale announced to 38,000 attendees of the HIMSS conference in Chicago that Explorys has been acquired by IBM. The news was announced by Lougheed in Cleveland. The company will be a part of IBM’s Watson Health Unit.
 
The deal was a natural fit, says Lougheed. “It was one of those things,” he says. “Explorys and IBM are both leaders in the space. We’ve bumped into each other and we’ve even collaborated from time to time with our joint customers. We really see each other as pioneers in the industry”
 
Lougheed said there were three components to the decision to join IBM: Industry growth, customers, and Explorys’ employees. “We really believe in this mission and we want to see the mission continue and accelerate,” he explains. “We asked, is it good for our customers, does it make sense? Because they subscribe to our systems for a reason, so it had to matter to them.”
 
Most importantly, Lougheed said they considered their employees. “We asked, is this good for our employees, because they deserve something great as well,” he explains. “This a great thing for our employees to grow their careers.”
 
Explorys will remain in Cleveland, and all employees will retain their jobs. “There are some of the best and the brightest data software engineers in the world here,” Lougheed says. “Cleveland is a great place to keep Explorys moving. We’re going to continue to expand as expected.”
Innovation by design: How CIA students are transforming Cleveland
Each year, CIA's annual Spring Design Show showcases up-and-coming ingenuity in our own backyard. Outside of these four walls, CIA students are helping to transform Cleveland through their creative products and innovations.
This weekend in Cleveland: Women to Watch -- Ohio, Record Store Day and more
This weekend, celebrate creative women at Women to Watch — Ohio, show your mother some love at EarthFest2015, get carried away with Cleveland Ballet, rock out at Record Store Day and more. 
Huff Po names Cleveland the # 1 beercation destination
"Cleveland has become the San Francisco of craft beer with small batch startups dominating the scene. Check out local offerings from Nano, Market Garden and Platform to make the most of your Cleveland stay."

Read the full story here.