JumpStart’s Burton D. Morgan Foundation Mentoring Program offers young companies a little additional insight into running a successful business. Each participating startup is assigned between one and four mentors.

“It really depends on the stage the company is at and what their needs are,” says Anthony Hughes, director of the program. “No one mentor is going to have all the skill sets needed as these companies take their ideas to fruition.”Read more >

Cleveland Clinic Innovations has launched a spinoff company, Shield Biotech, out of the Lerner Research Institute. Led by Vincent Tuohy, the company is developing a vaccine for breast cancer.

The vaccine uses the body’s own immune system to fight off and kill cancerous tumors. Tuohy, who serves as Shield’s chief science officer, has been working on this theory for the past 11 years. 
 
The next step is to secure FDA approval for human cl... Read more >

The Cleveland Clinic’s annual Medical Innovation Summit will be the first event held at Cleveland’s brand new Global Center for Health Innovation. The event will be held October 14-16, and organizers expect it to draw more than 1,200 people.
 
"We’ll have CEOs from major companies, investors, venture capitalists and entrepreneurs,” says Gary Fingerhut, acting executive director and general manager of information technology commercializatio... Read more >

Nine local biomedical companies were named to this year’s Inc. 5000 list, a tally of the fastest growing companies in the country in terms of jobs and revenue. Inc. measured revenue growth from 2009 to 2012.
 
The list represents companies across every industry, but the number of area biomed companies named to the list is encouraging to the growing biomed industry in Cleveland.
 
“It’s a very exciting time right now in Northeast Ohio for... Read more >

When Andy Halko founded Insivia right out of college in 2002, he was more of a freelancer, picking up projects piece by piece. Today, the company is a full-service marketing firm working out of the Agora in Midtown.
 
“We’ve really evolved into a strategic marketing firm for our clients,” says Rick Scheeser, Insivia's director of operations. “Nowadays we’re their entire marketing department. We have a more strategic partnership with o... Read more >

Since 1988, Beachwood-based Acendex has been the go-to IT consulting company for businesses looking for information and communications systems. “We’re like the IT department for companies too small to afford the talent and too large to not have high-end support for their systems,” says Jonathan Husni, founder and president of Acendex.
 
The Acendex philosophy is to let their clients focus on what they do, while Husni and his team build the right... Read more >

When Good Greens launched in 2011, the founders were confident their wellness bars would be popular. They’re packed with protein, completely natural and provide 100 percent of daily fruit and vegetable requirements. 

Within four months, the Good Greens bars were the top nutrition bar sold at Heinen’s stores, and they also landed shelf space at Dave’s Markets and Marc’s stores.
 
Two years la... Read more >

What has been a lifelong love of comics and video games for Tamar Medina has turned into an interesting business. Medina and his co-founders developed J-Lynn Entertainment in 2011, which makes video game comics -- interactive comics where the reader controls the outcome of the comic or an entire series of comics.
 
In July, Medina began test marketing the video game comics at conventions. “The feedback we got at the comic conventions was great,” says Medin... Read more >

Enterprise Community Partners is hosting its second annual Leadership in Community Innovation Awards, providing the winner with a $25,000 unrestricted grant for non-profit organizations that are creating community development solutions in Cleveland.
 
Last year’s winner was the Ohio City Market District, which attracted 30 new businesses to the neighborhood through its grant program, creating 300 jobs.
 
This year, Enterprise is introducing the Nurt... Read more >

Bad Girl Ventures recently was honored by the SCORE Foundation as Outstanding Non-Profit Organization for its work with entrepreneurs in starting their businesses. BGV works with SCORE mentors in its business education classes.
 
“BGV has been using SCORE mentors and services since 2010,” says Reka Barabas, director of BGV Cleveland. “We tap into their expertise and we match up our finalists with SCORE mentors.”
 
Additionally, BGV... Read more >

When the Gay Games come to Northeast Ohio next August, 30,000 athletes and spectators are expected to descend upon Cleveland, visiting the city’s attractions, staying in area hotels, eating in restaurants and using other services.
 
Organizers are making sure small businesses know the impact the games could have on them, as well as how they can get their names out there. A local staff of 10 organizers has hosted two events targeted at small business sponsorship.... Read more >

Lakewood is looking for a few entrepreneurs to join its business community through its third annual Ideation Challenge. Anyone with a business idea is welcome to submit a business plan for consideration. “We make it really simple,” says Mike Belsito, director of Ideation for Startup Lakewood and co-founder of e-Funeral. “All it takes is a simple two- to three-page summary. And if people qualify we invite them to give a quick elevator pitch.”

Applic... Read more >

BioMotiv, a pharmaceutical accelerator formed last year to speed early-stage medical developments to market, announced last week that the company has now raised $46 million in total capital, adding Nationwide Mutual Insurance and several individual investors to original investors University Hospitals and the Harrington Family Foundation.

Additionally, BioMotiv announced Monday that the company has formed a multi-million dollar, seven-year partnership with San Diego-based ... Read more >

An annual study conducted by CSU’s Center for Economic Development at the Levin College of Urban Affairs shows that start-up companies in Northeast Ohio contribute significantly to the economy. The study surveyed tech-based companies that received assistance, either financially or in services, through JumpStart or the North Coast Angel Fund.
 
The 127 companies who participated in the study generated $211 million in economic benefits in Northeast Ohio in 2012, $... Read more >

Arteriorcyte, a developer of stem cell products and medical devices, has launched Compass Biomedical to speed up the delivery to patients three Arteriocyte stem cells products. Created in December 2012, Compass officially got underway in June.
 
“The purpose of Compass is to help solve the issues in getting stem cells to patients,” says Kolby Day, Compass Biomedical vice president and general manager of research and development. “The challenges are h... Read more >

After more than a two year wait and construction of its very own building, the Cleveland Clinic took delivery of and installed an A-7 Tesla full-body MRI on Friday. It is the only one of its kind in Northeast Ohio, and one of only about a dozen in the country.
 
While the 1.5 Tesla MRI is more common, and the Clinic even has several 3 Tesla MRIs, the 7 Tesla provides a better look, even down to the cellular level. “It has special resolution where we can actually... Read more >

When Gordon Daily founded BoxCast in 2008 after a funeral director asked his business partners to create a way for family members to privately observe funeral services at his chapel, he had no idea the concept of simple, live streaming video would be so popular.
 
Today, business is booming, especially in the church and on athletic fields. BoxCast allows anyone with a camera to stream live video to BoxCast’s cloud-based service. Users can then watch the video an... Read more >

Cleveland Clinic Innovations (CCI) announced last month that Wisconsin’s Marshfield Clinic Applied Sciences is the seventh clinic to join the Clinic’s Healthcare Innovation Alliance. The collaboration will help Marshfield develop and commercialize its innovations and improve healthcare.
 
The alliance, formed two years ago based on CCI’s 13 years of experience, is a way for the Clinic to share its knowledge while also improving upon its reputation wi... Read more >

Researchers have found that the Athersys stem cell product, MultiStem, has been effective in preventing rejection in organ transplant patients. The drug might someday eliminate the need for transplant recipients to take a life-long regime of immunosuppressant drugs that have potentially detrimental side effects.

Athersys has been developing MultiStem for the past six to eight years. The company developed the drug from human stem cells harvested from adult bone marrow. Pot... Read more >