Cleveland’s young professionals are charged with shaping the future of the city. And while there are more than 70 organizations catering to the 15,000 young professionals in the area, there isn't one dedicated to uniting these groups to make a difference and make a change. Engage! Cleveland is striving to do exactly that.
“These organizations are extremely important because they integrate young professionals with the community,” says Andrew Bennett, president of the Cleveland Professional 20/30 Club. “But think about the full-time resources and coordinating all of the work they are doing. What would it look like if young professionals were fully integrated into the community?”
Engage! Cleveland grew out of Cleveland ConneXion, which sought to provide a unified voice for Cleveland’s YP organizations. It has continued to evolve over the past year as a forum to engage the area’s young professionals, make them want to stay in Cleveland and work at creating a thriving, vibrant business community that people actually want to be in.
“The private sector employers are interested in attraction and retention issues, the public and the non-profit sectors need a better understanding of what young people want. What do they really think? What do they really want?” says Bennett. “Right now there is no go-to central location to tap into the community.”
That’s where Engage! Cleveland comes in.
“I’m constantly asked, ‘How do I get tapped in to the community,’” says Bennett. “We’re trying to make Engage! Cleveland that hub to better enable and capitalize on all the great things happening here.”
Source: Andrew Bennett
Writer: Karin Connelly
“These organizations are extremely important because they integrate young professionals with the community,” says Andrew Bennett, president of the Cleveland Professional 20/30 Club. “But think about the full-time resources and coordinating all of the work they are doing. What would it look like if young professionals were fully integrated into the community?”
Engage! Cleveland grew out of Cleveland ConneXion, which sought to provide a unified voice for Cleveland’s YP organizations. It has continued to evolve over the past year as a forum to engage the area’s young professionals, make them want to stay in Cleveland and work at creating a thriving, vibrant business community that people actually want to be in.
“The private sector employers are interested in attraction and retention issues, the public and the non-profit sectors need a better understanding of what young people want. What do they really think? What do they really want?” says Bennett. “Right now there is no go-to central location to tap into the community.”
That’s where Engage! Cleveland comes in.
“I’m constantly asked, ‘How do I get tapped in to the community,’” says Bennett. “We’re trying to make Engage! Cleveland that hub to better enable and capitalize on all the great things happening here.”
Source: Andrew Bennett
Writer: Karin Connelly
Cleveland State University is part of an economic impact study of shale in Ohio and its potential to give a big boost to the state’s economy. Ohio State and Marietta College are also participating in the study, commissioned by the Ohio Chamber of Commerce on behalf of the Ohio Shale Coalition.
The study focuses on the economic impact of drilling for gas and oil in the Utica Point Pleasant and Marcellus shale formations that run along the eastern half of the state. “It would be a nice change for Ohio to be making money in gas and oil instead of losing it,” says Andrew Thomas, executive in residence in the Energy Policy Center at CSU’s Maxine Goodman Levin College of Urban Affairs.
The group does not yet have concrete numbers on the oil and gas potential, but should have them by next year. But they do know that the natural resource could have a significant positive impact on a variety of industries in the area, from the steel and construction companies to manufacturers and associated businesses.
This study could improve industry across the board if the potential in shale proves to be what speculators believe it to be. “The big benefit and early benefit will be with the land owners,” says Thomas. “We’ve been exporting money out of the state for a long time. It would change the economy of Ohio.”
Source: Andrew Thomas
Writer: Karin Connelly
The study focuses on the economic impact of drilling for gas and oil in the Utica Point Pleasant and Marcellus shale formations that run along the eastern half of the state. “It would be a nice change for Ohio to be making money in gas and oil instead of losing it,” says Andrew Thomas, executive in residence in the Energy Policy Center at CSU’s Maxine Goodman Levin College of Urban Affairs.
The group does not yet have concrete numbers on the oil and gas potential, but should have them by next year. But they do know that the natural resource could have a significant positive impact on a variety of industries in the area, from the steel and construction companies to manufacturers and associated businesses.
This study could improve industry across the board if the potential in shale proves to be what speculators believe it to be. “The big benefit and early benefit will be with the land owners,” says Thomas. “We’ve been exporting money out of the state for a long time. It would change the economy of Ohio.”
Source: Andrew Thomas
Writer: Karin Connelly
The Council of Smaller Enterprises (COSE) is holding its seventh annual small business conference on October 19th and 20th at the I-X Center in Cleveland. The event is the only one of its kind designed specifically for small business owners looking for an opportunity to learn, network and work together with other small businesses.
“Basically we put this together because we saw a gap in the marketplace for this kind of conference,” says Steve Millard, COSE president and executive director. “There aren’t a whole lot of places you can go as a small business owner. This two day conference is a chance to come together and be with other small business owners who understand the pressures of what they go through.”
The conference will feature 55 workshops on sales, marketing, HR, money, social media, technology, as well as personal and professional development. There will also be a 75-booth trade show, networking opportunities, interactive learning labs, and peer-to-peer roundtables on topics pertinent to small businesses.
Keynote speakers will be Daymond John, creator of FUBU and panelist on the ABC reality show “Shark Tank” and Jeffrey Rapport, a digital marketing, sales and e-commerce expert and founder and chairman of Marketspace, LLC.
Additionally, a panel of four local successful business owners will share their stories and the ups and downs of becoming successful. “It’s an opportunity to learn from others,” says Millard. “It’s a lot of energy, a lot of fun.”
The conference has earned a national reputation, and attendees have come from as far as California and Canada, says Millard. Organizers expect 2,000 small business owners to attend this year.
Source: Steve Millard
Writer: Karin Connelly
“Basically we put this together because we saw a gap in the marketplace for this kind of conference,” says Steve Millard, COSE president and executive director. “There aren’t a whole lot of places you can go as a small business owner. This two day conference is a chance to come together and be with other small business owners who understand the pressures of what they go through.”
The conference will feature 55 workshops on sales, marketing, HR, money, social media, technology, as well as personal and professional development. There will also be a 75-booth trade show, networking opportunities, interactive learning labs, and peer-to-peer roundtables on topics pertinent to small businesses.
Keynote speakers will be Daymond John, creator of FUBU and panelist on the ABC reality show “Shark Tank” and Jeffrey Rapport, a digital marketing, sales and e-commerce expert and founder and chairman of Marketspace, LLC.
Additionally, a panel of four local successful business owners will share their stories and the ups and downs of becoming successful. “It’s an opportunity to learn from others,” says Millard. “It’s a lot of energy, a lot of fun.”
The conference has earned a national reputation, and attendees have come from as far as California and Canada, says Millard. Organizers expect 2,000 small business owners to attend this year.
Source: Steve Millard
Writer: Karin Connelly
Young, tech-based companies have a major impact on Northeast Ohio’s economy. In a report created by Cleveland State University and commissioned by JumpStart, 90 startup companies generated $155 million in revenue and created 1,000 jobs in 2010.
“Our objective with this report is to make sure people know why entrepreneurship is important to the community,” says Cathy Belk, chief relationship officer with JumpStart. “These are all early-stage companies. There were no mature companies or public companies included."
The study asked nearly 200 JumpStart client companies for feedback on revenue and jobs. The survey results are based on the 90 who responded. “This report is a real benefit to the community,” says Belk. “These numbers really make that quantitative and understandable.”
The companies surveyed increased state and local tax revenues by $7.5 million and federal tax revenues by $10.8 million, for an overall 2010 tax impact of $18.3 million. “The companies themselves are sometimes beneficiaries of state and federal monies, and that money is being returned to the government as the companies grow.”
Belk sees the report as an optimistic view of the future for the entrepreneurial climate in Northeast Ohio. “This offers a lot of promise,” she says. “A lot of these companies are going to continue to grow and continue to create jobs. Imagine what this will look like in five years.”
Source: Cathy Belk
Writer: Karin Connelly
“Our objective with this report is to make sure people know why entrepreneurship is important to the community,” says Cathy Belk, chief relationship officer with JumpStart. “These are all early-stage companies. There were no mature companies or public companies included."
The study asked nearly 200 JumpStart client companies for feedback on revenue and jobs. The survey results are based on the 90 who responded. “This report is a real benefit to the community,” says Belk. “These numbers really make that quantitative and understandable.”
The companies surveyed increased state and local tax revenues by $7.5 million and federal tax revenues by $10.8 million, for an overall 2010 tax impact of $18.3 million. “The companies themselves are sometimes beneficiaries of state and federal monies, and that money is being returned to the government as the companies grow.”
Belk sees the report as an optimistic view of the future for the entrepreneurial climate in Northeast Ohio. “This offers a lot of promise,” she says. “A lot of these companies are going to continue to grow and continue to create jobs. Imagine what this will look like in five years.”
Source: Cathy Belk
Writer: Karin Connelly
SironRX Therapeutics, which spun out of Juventas Therapeutics and the Cleveland Clinic almost a year ago, is finding marked success in healing wounds. The company received $1 million in Third Frontier funding to continue clinical trials in wound healing.
“What we observed at Juventas in treatments for heart disease, we have observed in wound treatment with the same product,” explains Rahul Aras, SironRX president and CEO. “With SRX100, we accelerate treatment in dermal wounds and prevent scarring. While normal healing occurs in about 21 days, healing occurred 20 to 30 percent faster with significantly less scarring with our product.”
The product will be used in post-surgical incisions, chronic diabetic ulcers and burns. SironRX’s goal is to develop a cost-effective interactive wound therapy that can be topically administered with the potential to significantly improve function of the damaged tissue.
“It’s a great concept, applying concepts that make the body heal,” Aras says. “Repairing injured organs to heal themselves, I think that’s pretty exciting.”
As clinical trials continue, SironRX will be ramping up a full-time management teams, including a full-time CEO, and operational staff.
Source: Rahul Aras
Writer: Karin Connelly
“What we observed at Juventas in treatments for heart disease, we have observed in wound treatment with the same product,” explains Rahul Aras, SironRX president and CEO. “With SRX100, we accelerate treatment in dermal wounds and prevent scarring. While normal healing occurs in about 21 days, healing occurred 20 to 30 percent faster with significantly less scarring with our product.”
The product will be used in post-surgical incisions, chronic diabetic ulcers and burns. SironRX’s goal is to develop a cost-effective interactive wound therapy that can be topically administered with the potential to significantly improve function of the damaged tissue.
“It’s a great concept, applying concepts that make the body heal,” Aras says. “Repairing injured organs to heal themselves, I think that’s pretty exciting.”
As clinical trials continue, SironRX will be ramping up a full-time management teams, including a full-time CEO, and operational staff.
Source: Rahul Aras
Writer: Karin Connelly
Although just barely eight months old, ImageIQ has found a niche in the medical imaging field. The company, which is a spinoff of the Cleveland Clinic Lerner Research Institute, takes a qualitative approach to diagnostic imaging.
“Anybody who acquires an image during a bio-science event, it’s a subjective process for anyone who looks at that image,” says ImageIQ CEO Tim Kulbago. “We build custom solutions to get quantitative scientific data.”
Kulbago likens ImageIQ’s capabilities to a police officer’s speed radar gun. Without it, people in the medical industry are just estimating their findings. The company has three areas of expertise: pharmaceutical, medical devices and research.
While the company still is in its infancy, the folks behind the research at Image IQ have years of experience. “We feel like we’re on the leading edge of actual medical imaging,” says Kulbago. “Our team has been doing this for over 10 years. Now we’re taking the idea of this service to market.”
ImageIQ has developed working relationships with NASA, MIT and, most recently, Anderson Orthopaedic Research Institute (AORI) to enhance the ongoing joint replacement research. ImageIQ and AORI will apply state-of-the-art 3D imaging analytics to improve the assessment of the structural integrity and performance of various biomaterials in orthopedic implant wear studies.
ImageIQ has grown from four people on staff to eight in just eight months. “Now were at a point where word is starting to get out,” says Kulbago. They are prepared to grow as the company grows. Kulbago plans to host a webinar in November, “60 in 60: Speed Dating for Imaging Analytics,” which has already produced significant interest.
Source: Tim Kulbago
Writer: Karin Connelly
“Anybody who acquires an image during a bio-science event, it’s a subjective process for anyone who looks at that image,” says ImageIQ CEO Tim Kulbago. “We build custom solutions to get quantitative scientific data.”
Kulbago likens ImageIQ’s capabilities to a police officer’s speed radar gun. Without it, people in the medical industry are just estimating their findings. The company has three areas of expertise: pharmaceutical, medical devices and research.
While the company still is in its infancy, the folks behind the research at Image IQ have years of experience. “We feel like we’re on the leading edge of actual medical imaging,” says Kulbago. “Our team has been doing this for over 10 years. Now we’re taking the idea of this service to market.”
ImageIQ has developed working relationships with NASA, MIT and, most recently, Anderson Orthopaedic Research Institute (AORI) to enhance the ongoing joint replacement research. ImageIQ and AORI will apply state-of-the-art 3D imaging analytics to improve the assessment of the structural integrity and performance of various biomaterials in orthopedic implant wear studies.
ImageIQ has grown from four people on staff to eight in just eight months. “Now were at a point where word is starting to get out,” says Kulbago. They are prepared to grow as the company grows. Kulbago plans to host a webinar in November, “60 in 60: Speed Dating for Imaging Analytics,” which has already produced significant interest.
Source: Tim Kulbago
Writer: Karin Connelly
Justin Bibb, special assistant for education and economic development for Cuyahoga County executive Ed FitzGerald, was looking for a way to make sure his generation is heard in the business world. That’s when he founded YP Nation, a group of young professionals who want to play an active role in the nation’s policies and views.
“There’s a movement as baby boomers retire to engage millennials,” Bibb says of his generation. “Rarely is our voice elevated.” Today he is regional director of YP Nation, encouraging other young professionals to get involved and make their voices heard.
Founded in 2009, YP Nation has 3,000 members nationwide and access to half a million people through networking groups. Membership gives access to resources, information and services to help advance the next generation.
“Our core goal is to give young professionals a voice," says Michael Eisenstadt, the organization’s president. “There’s a lot of structural imbalance out there and we think it’s important for young people to get together and voice their ideas. The more we can get involved, the better it is for everyone.”
YP Nation’s website is chock full of articles and blogs meant to empower its readers to take action and make a change.
“These are tough times,” says Eisenstadt. “We just want more opportunity. Our goal is to coalesce this voice from younger Americans.”
Additionally, for $99 a year, members can get a YP Rewards card, which gives holders more than $3,500 in discounts on things that serve the young professional lifestyle.
Source: Michael Eisenstadt and Justin Bibb
Writer: Karin Connelly
“There’s a movement as baby boomers retire to engage millennials,” Bibb says of his generation. “Rarely is our voice elevated.” Today he is regional director of YP Nation, encouraging other young professionals to get involved and make their voices heard.
Founded in 2009, YP Nation has 3,000 members nationwide and access to half a million people through networking groups. Membership gives access to resources, information and services to help advance the next generation.
“Our core goal is to give young professionals a voice," says Michael Eisenstadt, the organization’s president. “There’s a lot of structural imbalance out there and we think it’s important for young people to get together and voice their ideas. The more we can get involved, the better it is for everyone.”
YP Nation’s website is chock full of articles and blogs meant to empower its readers to take action and make a change.
“These are tough times,” says Eisenstadt. “We just want more opportunity. Our goal is to coalesce this voice from younger Americans.”
Additionally, for $99 a year, members can get a YP Rewards card, which gives holders more than $3,500 in discounts on things that serve the young professional lifestyle.
Source: Michael Eisenstadt and Justin Bibb
Writer: Karin Connelly
LineStream Technologies is growing by leaps and bounds in the automated software control market. The company was created in 2008 as a spinoff out of research done by CSU’s Zhiqiang Gao, director of the Center for Advanced Control Technologies and focuses on commercializing and simplifying control software.
Basically, LineStream products increase efficiency, are easy to implement, and therefore improve the performance of automated systems.
“Any product using a motor, we look to improve energy efficiency and life of that motor,” explains David Neundorfer, LineStream president. “We simplify the design process and lop off weeks of [development].”
The company is getting attention from some of the major players in the automation industry. They just licensed their software to Texas Instruments. “We’re going to be putting software in a chip platform in motor and motion controls,” explains Neundorfer.
The deal adds to the company’s rapid growth. “It’s very exciting and a large deal for us,” says Neundorfer. “Some of the larger companies in the industrial space are interested in our technology.”
LineStream has grown to five employees this year, expects to be at eight to 10 by the end of the year, and double in size again next year. “We’re hiring and ramping up to establish a relationship with Texas Instruments.”
Source: David Neundorfer
Writer: Karin Connelly
Basically, LineStream products increase efficiency, are easy to implement, and therefore improve the performance of automated systems.
“Any product using a motor, we look to improve energy efficiency and life of that motor,” explains David Neundorfer, LineStream president. “We simplify the design process and lop off weeks of [development].”
The company is getting attention from some of the major players in the automation industry. They just licensed their software to Texas Instruments. “We’re going to be putting software in a chip platform in motor and motion controls,” explains Neundorfer.
The deal adds to the company’s rapid growth. “It’s very exciting and a large deal for us,” says Neundorfer. “Some of the larger companies in the industrial space are interested in our technology.”
LineStream has grown to five employees this year, expects to be at eight to 10 by the end of the year, and double in size again next year. “We’re hiring and ramping up to establish a relationship with Texas Instruments.”
Source: David Neundorfer
Writer: Karin Connelly
The Cleveland Council on World Affairs (CCWA) will once again be hosting former U.S. Undersecretary of Commerce, Frank Lavin tonight in its speaker series at the Union Club of Cleveland. Lavin, who recently co-published the book "Export Now," will talk about strategies for success in exporting to a global market.
“He is a great speaker and a great resource for organizations in the area,” says Jana Krasney, director of speaker programs for CCWA. “What Frank Lavin says in his book is that small and mid-sized companies are hesitant to go global because they might not think they have the resources, but they do and it’s very important.”
As chairman of public affairs for Edelman Asia Pacific, Lavin has worked with over 2,000 US companies to formulate export strategies. His talk will center on five keys to going global, in particular in the Asian market. “Lavin points out that US exports to China have grown tremendously in the last decade,” says Krasney. Tonight he will share his knowledge and expertise with companies and individuals interested in tapping that market.
CCWA is expecting about 50 to 75 participants in tonight’s presentation. Krasney says intentionally keep the audience small for plenty of one-on-one participation. “Lavin always stays to make sure people who want to ask specific questions will have an opportunity to do so,” she says.
The cost is $20 for members, $30 for non-members and $10 for students. People can registers on CCWA’s website. Registration begins at 6 p.m., followed by the program at 6:15 p.m. and a reception.
Source: Jana Krasney
Writer: Karin Connelly
“He is a great speaker and a great resource for organizations in the area,” says Jana Krasney, director of speaker programs for CCWA. “What Frank Lavin says in his book is that small and mid-sized companies are hesitant to go global because they might not think they have the resources, but they do and it’s very important.”
As chairman of public affairs for Edelman Asia Pacific, Lavin has worked with over 2,000 US companies to formulate export strategies. His talk will center on five keys to going global, in particular in the Asian market. “Lavin points out that US exports to China have grown tremendously in the last decade,” says Krasney. Tonight he will share his knowledge and expertise with companies and individuals interested in tapping that market.
CCWA is expecting about 50 to 75 participants in tonight’s presentation. Krasney says intentionally keep the audience small for plenty of one-on-one participation. “Lavin always stays to make sure people who want to ask specific questions will have an opportunity to do so,” she says.
The cost is $20 for members, $30 for non-members and $10 for students. People can registers on CCWA’s website. Registration begins at 6 p.m., followed by the program at 6:15 p.m. and a reception.
Source: Jana Krasney
Writer: Karin Connelly
Four Northeast Ohio organizations are one group of just 20 national winners of the Obama administration's $37 million Jobs and Innovation Accelerator Challenge, a multi-agency competition to support the advancement of high-growth industry clusters across the country.
NorTech, JumpStart, MAGNET and Lorain County Community College came together to cooperatively apply for the $2 million grant that will help create jobs in the region. The program, the Northeast Ohio Speed-To-Market Accelerator (STMA), is designed to accelerate the speed-to-market for near-production or pilot-production prototypes in the advanced energy and flexible electronics industry clusters in Northeast Ohio.
The fact that the groups collaborated on the project is no surprise.
“There’s a history of organization in this region -- we work together collaboratively all the time,” says Cathy Belk, chief relationship officer with JumpStart. “The fact that we already knew each other made it easy to identify the needs and work together on the proposal.”
Each organization will assist in its area of expertise, from company advising to workforce development. The STMA consists of three components, explains Byron Clayton, vice president of NorTech. “The first step is holding outreach workshops to let companies know the service areas we are targeting. The second step is one-on-one counseling and a path-to-market analysis. The third step is to deliver the services.”
Aside from offering expertise and guidance, the four groups plan to speed up the jobs creation process within new companies. “We are asking what can we do to help you to speed this process up,” says Clayton. “We’re working together as a region, as a network of nationally-recognized organizations.”
Sources: Cathy Belk, Byron Clayton
Writer: Karin Connelly
NorTech, JumpStart, MAGNET and Lorain County Community College came together to cooperatively apply for the $2 million grant that will help create jobs in the region. The program, the Northeast Ohio Speed-To-Market Accelerator (STMA), is designed to accelerate the speed-to-market for near-production or pilot-production prototypes in the advanced energy and flexible electronics industry clusters in Northeast Ohio.
The fact that the groups collaborated on the project is no surprise.
“There’s a history of organization in this region -- we work together collaboratively all the time,” says Cathy Belk, chief relationship officer with JumpStart. “The fact that we already knew each other made it easy to identify the needs and work together on the proposal.”
Each organization will assist in its area of expertise, from company advising to workforce development. The STMA consists of three components, explains Byron Clayton, vice president of NorTech. “The first step is holding outreach workshops to let companies know the service areas we are targeting. The second step is one-on-one counseling and a path-to-market analysis. The third step is to deliver the services.”
Aside from offering expertise and guidance, the four groups plan to speed up the jobs creation process within new companies. “We are asking what can we do to help you to speed this process up,” says Clayton. “We’re working together as a region, as a network of nationally-recognized organizations.”
Sources: Cathy Belk, Byron Clayton
Writer: Karin Connelly
OnShift has found its groove. The Cleveland company continues to build success as a software developer for the senior living market.
“We specialize in healthcare organizations who want to manage their staffing and labor costs,” says CEO Mark Woodka.
Tapping into the senior living market happened by accident for the company, which was founded in 2007.
“Our founder (Gene Groys) was building a communications platform and was hosting a dinner party when an administrator of the nursing home expressed an interest in it,” says Woodka.
OnShift launched their first product in 2009 and has been building momentum ever since. “Our business is growing,” says Woodka. “The market we sell to is under-served. Historically, our customers haven’t had the technology to manage their staffs. We were in the right place and the right time.”
OnShift had 175 customers by the end of 2010, and expects to grow to 600 by the end of this year. They just hired four people to their 32-person staff, still have six open positions in a range of fields, and expect to grow to 55 to 60 total by the end of 2012.
“We’re growing like gangbusters here,” says Woodka. “And we’re an incredibly fun place to work.”
Source: Mark Woodka
Writer: Karin Connelly
“We specialize in healthcare organizations who want to manage their staffing and labor costs,” says CEO Mark Woodka.
Tapping into the senior living market happened by accident for the company, which was founded in 2007.
“Our founder (Gene Groys) was building a communications platform and was hosting a dinner party when an administrator of the nursing home expressed an interest in it,” says Woodka.
OnShift launched their first product in 2009 and has been building momentum ever since. “Our business is growing,” says Woodka. “The market we sell to is under-served. Historically, our customers haven’t had the technology to manage their staffs. We were in the right place and the right time.”
OnShift had 175 customers by the end of 2010, and expects to grow to 600 by the end of this year. They just hired four people to their 32-person staff, still have six open positions in a range of fields, and expect to grow to 55 to 60 total by the end of 2012.
“We’re growing like gangbusters here,” says Woodka. “And we’re an incredibly fun place to work.”
Source: Mark Woodka
Writer: Karin Connelly
Quality Electrodynamics (QED) was one of the local recipients of Ohio Third Frontier funding for the development of an imaging system that will improve the way doctors evaluate whether a kidney is viable for donation.
The Cleveland-based company, working with the Cleveland Clinic’s Glickman Urological Institute, CWRU, Toshiba Medical Systems and Canon, received $1 million for the development of specialty MRI coils for imaging donor kidneys before transplant to determine viability.
Currently, potentially viable kidneys are sometimes rejected for transplant, or there are complications after transplant. This technology will improve the chances of success as well as reduce the number of kidneys that are thrown away.
“The program will result in a turnkey system of equipment, analysis software and clinical protocols which will be marketed to transplant centers on a worldwide basis,” says John L. Patrick, chief technical marketing officer for QED.
“Recipients of kidneys from deceased donors would benefit in several ways: Higher confidence level that the transplanted kidney can be viable and better knowledge of its condition; increase of transplanted kidneys by reducing the number of viable kidneys discarded will increase the number of patients able to benefit from transplantation.”
Patrick says the technology should be on the market in less than two years, depending on how clinical trials go. QED expects to begin hiring additional people for development of the technology in the next few months.
“In the proposal we stated that 38 jobs would be created at QED within 3 years,” says Patrick. “In fact, we believe that number to be quite conservative.”
Source: John L. Patrick
Writer: Karin Connelly
The Cleveland-based company, working with the Cleveland Clinic’s Glickman Urological Institute, CWRU, Toshiba Medical Systems and Canon, received $1 million for the development of specialty MRI coils for imaging donor kidneys before transplant to determine viability.
Currently, potentially viable kidneys are sometimes rejected for transplant, or there are complications after transplant. This technology will improve the chances of success as well as reduce the number of kidneys that are thrown away.
“The program will result in a turnkey system of equipment, analysis software and clinical protocols which will be marketed to transplant centers on a worldwide basis,” says John L. Patrick, chief technical marketing officer for QED.
“Recipients of kidneys from deceased donors would benefit in several ways: Higher confidence level that the transplanted kidney can be viable and better knowledge of its condition; increase of transplanted kidneys by reducing the number of viable kidneys discarded will increase the number of patients able to benefit from transplantation.”
Patrick says the technology should be on the market in less than two years, depending on how clinical trials go. QED expects to begin hiring additional people for development of the technology in the next few months.
“In the proposal we stated that 38 jobs would be created at QED within 3 years,” says Patrick. “In fact, we believe that number to be quite conservative.”
Source: John L. Patrick
Writer: Karin Connelly
Theravasc, a Cleveland based research and development company that focuses on repurposing existing drugs for other uses, has just completed a phase I clinical trial on reversing the effects of peripheral artery disease (PAD) in diabetic patients.
Patients with PAD have in the past had little hope for treatment, let alone a cure – until Theravasc started researching the effect of a drug used to treat cyanide poisoning. The drug, called TV1001, showed promise in the trial, which included 12 diabetic patients.
“People with PAD can’t walk and are in pain, and there’s nothing doctors can do,” explains Tony Giordano, Theravasc president and CEO. “This drug causes new blood vessels to grow in that leg, and only that leg. In animal studies it was doing exactly what we wanted it to do.”
The next step is a IIA trial followed by a third trial, to test the effects of giving the drug chronically. Giordano says if all goes well, TV1001 would hit the market in 2015. He thinks about his father-in-law and a 84-year old Shreveport, LA woman who was ranked seven on the tennis circuit – both affected by PAD – when he thinks about the positive possibilities of the drug.
“I think there’s a high likelihood that we’re going to see success in humans,” Giordano says. “I think this is going to work, and I know this is not going to hurt them. It will give them an opportunity to lead a better life and start walking again. I’m excited about that.”
Source: Tony Giordano
Writer: Karin Connelly
Patients with PAD have in the past had little hope for treatment, let alone a cure – until Theravasc started researching the effect of a drug used to treat cyanide poisoning. The drug, called TV1001, showed promise in the trial, which included 12 diabetic patients.
“People with PAD can’t walk and are in pain, and there’s nothing doctors can do,” explains Tony Giordano, Theravasc president and CEO. “This drug causes new blood vessels to grow in that leg, and only that leg. In animal studies it was doing exactly what we wanted it to do.”
The next step is a IIA trial followed by a third trial, to test the effects of giving the drug chronically. Giordano says if all goes well, TV1001 would hit the market in 2015. He thinks about his father-in-law and a 84-year old Shreveport, LA woman who was ranked seven on the tennis circuit – both affected by PAD – when he thinks about the positive possibilities of the drug.
“I think there’s a high likelihood that we’re going to see success in humans,” Giordano says. “I think this is going to work, and I know this is not going to hurt them. It will give them an opportunity to lead a better life and start walking again. I’m excited about that.”
Source: Tony Giordano
Writer: Karin Connelly
CEOs for Cities, a global nonprofit network of urban leaders focused on making American cities more successful, has opened an office in Cleveland. Lee Fisher, former Ohio Lt. Governor, Ohio Attorney General, and director of the Ohio Department of Development, was named president and CEO of the organization earlier this year and insisted his offices be in Cleveland.
“I told them I was a lifelong Ohioan and did not want to move out of Ohio,” Fisher says. The Cleveland office is the first new office CEOs for Cities has opened in 10 years. The organization has offices in Chicago and Washington, D.C., with partners in 15 cities.
CEOs for Cities brings civic leaders from around the country together to come up with solutions to struggling economies and helps cities like Cleveland thrive.
“We’re a national network of urban leaders from the public, private and non-profit sectors to develop best practices,” explains Fisher. “We want to bring university and college presidents, business leaders, mayors and city councils together to discuss how to make cities more vibrant, sustainable and attractive.”
Based in Cleveland State University’s Levin College of Urban Affairs, Fisher felt it was the best location to keep his finger on the pulse of what’s going on in the city. “I wanted to be somewhere where I can be around smart, urban thinkers like [Levin dean] Ned Hill. I wanted to be in an exciting atmosphere.”
One of Fisher’s goals is to create a cluster partnership between Cleveland, Akron, Canton and Youngstown in which city leaders will come together to share innovative best practices. The cluster group will share their thoughts with other city leaders in the CEOs for Cities partnership and, in turn, will gather information from other regional leaders.
Source: Lee Fisher
Writer: Karin Connelly
“I told them I was a lifelong Ohioan and did not want to move out of Ohio,” Fisher says. The Cleveland office is the first new office CEOs for Cities has opened in 10 years. The organization has offices in Chicago and Washington, D.C., with partners in 15 cities.
CEOs for Cities brings civic leaders from around the country together to come up with solutions to struggling economies and helps cities like Cleveland thrive.
“We’re a national network of urban leaders from the public, private and non-profit sectors to develop best practices,” explains Fisher. “We want to bring university and college presidents, business leaders, mayors and city councils together to discuss how to make cities more vibrant, sustainable and attractive.”
Based in Cleveland State University’s Levin College of Urban Affairs, Fisher felt it was the best location to keep his finger on the pulse of what’s going on in the city. “I wanted to be somewhere where I can be around smart, urban thinkers like [Levin dean] Ned Hill. I wanted to be in an exciting atmosphere.”
One of Fisher’s goals is to create a cluster partnership between Cleveland, Akron, Canton and Youngstown in which city leaders will come together to share innovative best practices. The cluster group will share their thoughts with other city leaders in the CEOs for Cities partnership and, in turn, will gather information from other regional leaders.
Source: Lee Fisher
Writer: Karin Connelly
Ryan Clark and Nathan Lambert know how to sell advertising. They also figured out a way to help libraries offset printing costs. The co-founders of Knowta, a Shaker LaunchHouse portfolio company, have created a unique print ad system that runs ads at the bottom of a page that users print out at the library.
The concept is brilliantly simple: Users elect to receive the advertising in exchange for free or discounted printing. Instead of receiving documents on typical 8.5" x 11" paper, they are printed on 8.5" x 14" paper, with the bottom three inches featuring a perforated section of full-color ads. Advertisers are able to tailor or change their ads at will to fit the time of day, content or location of the user’s document.
“Libraries are really challenged by economic models,” says Lambert. “Knowta meets those challenges with sustainable printing.” A portion of the revenue collected from the ads goes back to the library to offset printing costs and other expenses. Lambert and Clark have already secured contracts with local merchants around the Case campus.
Knowta will launch its product in CWRU’s Kelvin Smith Library in October, followed by a launch in the Cuyahoga County Public Library system later this fall. While Lambert and Clark plan to expand in Northeast Ohio, they also have plans to sell their product outside of the region.
“As we grow we’ll be growing within the region with additional locations within the Cuyahoga County Library system and the higher education market within Northeast Ohio, with a few target markets outside Northeast Ohio,” says Clark.
The company has one full-time employee, with plans to hire regional sales reps as they continue to expand.
Source: Ryan Clark and Nathan Lambert
Writer: Karin Connelly
The concept is brilliantly simple: Users elect to receive the advertising in exchange for free or discounted printing. Instead of receiving documents on typical 8.5" x 11" paper, they are printed on 8.5" x 14" paper, with the bottom three inches featuring a perforated section of full-color ads. Advertisers are able to tailor or change their ads at will to fit the time of day, content or location of the user’s document.
“Libraries are really challenged by economic models,” says Lambert. “Knowta meets those challenges with sustainable printing.” A portion of the revenue collected from the ads goes back to the library to offset printing costs and other expenses. Lambert and Clark have already secured contracts with local merchants around the Case campus.
Knowta will launch its product in CWRU’s Kelvin Smith Library in October, followed by a launch in the Cuyahoga County Public Library system later this fall. While Lambert and Clark plan to expand in Northeast Ohio, they also have plans to sell their product outside of the region.
“As we grow we’ll be growing within the region with additional locations within the Cuyahoga County Library system and the higher education market within Northeast Ohio, with a few target markets outside Northeast Ohio,” says Clark.
The company has one full-time employee, with plans to hire regional sales reps as they continue to expand.
Source: Ryan Clark and Nathan Lambert
Writer: Karin Connelly
JumpStart will celebrate the region’s entrepreneurs at the Northeast Ohio Entrepreneur Expo and JumpStart Community Meeting on Tuesday, October 25 at the John S. Knight Center in Akron. The event will feature high-growth entrepreneurs, student entrepreneurs and investors.
Organizers have signed up 20 entrepreneurs to exhibit their companies, and expect almost 80 by the time of the event. Three hundred people have already signed up to attend the event.
Entrepreneurs attracted $237 million in angel and investor capital to the area in 2010 and created or retained more than 8,500 jobs since 2005. Officials at JumpStart think those numbers are reason to celebrate and continue to encourage people to follow their ideas and dreams.
“We believe entrepreneurship is the key to creating jobs in the community,” says JumpStart director of communications Samantha Fryberger. “By having people involved in one place at one time creates a sort of synergistic celebration of what’s been done and what’s coming ahead.”
New this year is an educational component to the expo, focused on three main areas: capital, talent and public relations. Community leaders will speak on these three areas of entrepreneurship to help advise participants in how to raise capital in both traditional and non-traditional ways, how to attract good talent on a budget, and the importance of good PR to promote a business on a budget.
Student entrepreneurs will also get a chance to showcase their ideas, network and get feedback on things like elevator speeches and developing their ideas.
The expo is free to the public. Exhibitor booths are $85.
Source: Samantha Fryberger
Writer: Karin Connelly
Organizers have signed up 20 entrepreneurs to exhibit their companies, and expect almost 80 by the time of the event. Three hundred people have already signed up to attend the event.
Entrepreneurs attracted $237 million in angel and investor capital to the area in 2010 and created or retained more than 8,500 jobs since 2005. Officials at JumpStart think those numbers are reason to celebrate and continue to encourage people to follow their ideas and dreams.
“We believe entrepreneurship is the key to creating jobs in the community,” says JumpStart director of communications Samantha Fryberger. “By having people involved in one place at one time creates a sort of synergistic celebration of what’s been done and what’s coming ahead.”
New this year is an educational component to the expo, focused on three main areas: capital, talent and public relations. Community leaders will speak on these three areas of entrepreneurship to help advise participants in how to raise capital in both traditional and non-traditional ways, how to attract good talent on a budget, and the importance of good PR to promote a business on a budget.
Student entrepreneurs will also get a chance to showcase their ideas, network and get feedback on things like elevator speeches and developing their ideas.
The expo is free to the public. Exhibitor booths are $85.
Source: Samantha Fryberger
Writer: Karin Connelly
Aeroscena is tapping into the world of aromatherapy with Ascents -- little sachets of essential oils that creators say not only smell nice, but help with everything from weight loss and insomnia to energy and relaxation. Aeroscena CEO Mark Kohoot says the idea was inspired by the 18th and 19th century trend of women wearing their own personal scents around their necks.
“Ascents are an innovative way to experience aromatherapy in a portable diffuser,” explains Shannon Gibb, product manager. “They are all natural, made with essential oils."
There are five different scents, each of which comes in a little packet. Unseal the packet and inhale the scent up to 500 times. The five signature blends are: Sleep, Energize, Calm, Focus, and Curb for weight loss.
Founded a little over a year ago, Aeroscena employees telecommuted from home until June of this year, when the company opened offices in the Leader Building downtown. Ana Sorel was just hired as marketing manager and Aaron Cornell was brought on as the new CFO. Gibb says the next step is to build a solid sales rep staff.
Ascents are available on the company’s website, at Nature’s Bin in Lakewood and at 360-5 Wellness Store at the Cleveland Clinic. The Clinic also gives Ascents to participants in their online sleep program, Go! to Sleep.
Source: Shannon Gibb
Writer: Karin Connelly
“Ascents are an innovative way to experience aromatherapy in a portable diffuser,” explains Shannon Gibb, product manager. “They are all natural, made with essential oils."
There are five different scents, each of which comes in a little packet. Unseal the packet and inhale the scent up to 500 times. The five signature blends are: Sleep, Energize, Calm, Focus, and Curb for weight loss.
Founded a little over a year ago, Aeroscena employees telecommuted from home until June of this year, when the company opened offices in the Leader Building downtown. Ana Sorel was just hired as marketing manager and Aaron Cornell was brought on as the new CFO. Gibb says the next step is to build a solid sales rep staff.
Ascents are available on the company’s website, at Nature’s Bin in Lakewood and at 360-5 Wellness Store at the Cleveland Clinic. The Clinic also gives Ascents to participants in their online sleep program, Go! to Sleep.
Source: Shannon Gibb
Writer: Karin Connelly
Christopher Celeste and Blake Squires have business in their blood. Over the course of their careers, each has made his way through the political world, the marketing and digital music world, and everything in between. Together they founded and fostered Solon-based Findaway World before each eventually left the company.
The two came together again when they realized they most liked forming businesses, and wanted to put their knowledge to work helping others do the same.
“I spent a lot of time in my career helping people bring ideas to market,” says Celeste. “One on the things I realized I wanted to do is help other people create businesses.”
So the two created Hatch Partners, which stands for Help At The Critical Hour. The company helps entrepreneurs all over Northeast Ohio bring their ideas to life, whether it’s through mentoring, advising or financing.
“The idea behind Hatch is that every entrepreneur has that moment of Should I pursue this idea?" explains Celeste. “We like being at the moment if inception when an idea is really coming to life.”
While Hatch occasionally provides capital to its portfolio of startups, its underlying function is to encourage other entrepreneurs. “We have no interest in becoming venture capitalists,” says Celeste. “The idea is really being an advisor and coaching.”
Unlike other business incubators in the area, Hatch is focused on coaching. “We’re neither place-based nor institutional,” says Celeste. “We’ve had a lot of good fortune in our lives. There were always key people who said, ‘Yes you can. You can build this business.’”
Source: Christopher Celeste
Writer: Karin Connelly
The two came together again when they realized they most liked forming businesses, and wanted to put their knowledge to work helping others do the same.
“I spent a lot of time in my career helping people bring ideas to market,” says Celeste. “One on the things I realized I wanted to do is help other people create businesses.”
So the two created Hatch Partners, which stands for Help At The Critical Hour. The company helps entrepreneurs all over Northeast Ohio bring their ideas to life, whether it’s through mentoring, advising or financing.
“The idea behind Hatch is that every entrepreneur has that moment of Should I pursue this idea?" explains Celeste. “We like being at the moment if inception when an idea is really coming to life.”
While Hatch occasionally provides capital to its portfolio of startups, its underlying function is to encourage other entrepreneurs. “We have no interest in becoming venture capitalists,” says Celeste. “The idea is really being an advisor and coaching.”
Unlike other business incubators in the area, Hatch is focused on coaching. “We’re neither place-based nor institutional,” says Celeste. “We’ve had a lot of good fortune in our lives. There were always key people who said, ‘Yes you can. You can build this business.’”
Source: Christopher Celeste
Writer: Karin Connelly
Coffee aficionados at Cleveland Hopkins International Airport were at a loss when Banjo’s closed its door last year. The coffee shop was the only stop in the C concourse for Phoenix Coffee junkies to get their fill. So when Auntie Anne’s approached the local roaster about supplying their coffee, Phoenix decided to introduce a unique blend that is all Cleveland: CLE Blend.
“It’s a Cleveland pride thing,” says Phoenix CEO and self-described superbarista Sarah Wilson-Jones. “We thought it was time to have a coffee that is uniquely Cleveland.” The name reflects the Cleveland airport code.
The coffee, which originated as an espresso blend, is a combination of Brazilian, Columbian, Costa Rican and Sumatran coffees and is a medium body blend with floral aromas and touches of vanilla and a chocolate finish. The blend has its own logo – a CLE baggage tag.
Introduced in July, CLE Blend tempts travelers as they enter or leave the airport’s C concourse. It’s also available at Phoenix locations around Northeast Ohio and online. “It was designed to celebrate our relationship with the airport,” says Wilson-Jones. “It’s designed for Clevelanders by Clevelanders.”
Wilson-Jones says Auntie Anne’s approached Phoenix because they wanted a local connection for their coffee products.
“There’s a popular demand for local coffee in the airport,” she says. “And that’s what drove Auntie Anne’s to call us.”
Source: Sarah Wilson-Jones
Writer: Karin Connelly
“It’s a Cleveland pride thing,” says Phoenix CEO and self-described superbarista Sarah Wilson-Jones. “We thought it was time to have a coffee that is uniquely Cleveland.” The name reflects the Cleveland airport code.
The coffee, which originated as an espresso blend, is a combination of Brazilian, Columbian, Costa Rican and Sumatran coffees and is a medium body blend with floral aromas and touches of vanilla and a chocolate finish. The blend has its own logo – a CLE baggage tag.
Introduced in July, CLE Blend tempts travelers as they enter or leave the airport’s C concourse. It’s also available at Phoenix locations around Northeast Ohio and online. “It was designed to celebrate our relationship with the airport,” says Wilson-Jones. “It’s designed for Clevelanders by Clevelanders.”
Wilson-Jones says Auntie Anne’s approached Phoenix because they wanted a local connection for their coffee products.
“There’s a popular demand for local coffee in the airport,” she says. “And that’s what drove Auntie Anne’s to call us.”
Source: Sarah Wilson-Jones
Writer: Karin Connelly
CWRU, University Hospitals and Phillips Healthcare are collaborating on two medical imaging projects that will help with early breast cancer detection and post heart attack evaluation. The collaboration received two grants from the Third Frontier for a combined total of $2.5 million. The projects are part of the Philips Healthcare Global Advanced Imaging Innovation Center.
One of the research projects, led by Ray Muzic, associate professor of radiology, oncology and biomedical engineering at CWRU, combines PET and MRI technologies for more accurate mammograms. “It benefits women with early detection of breast cancer with low-coast, low-risk mammograms,” he says. “It provides spot-on imaging and reduces false positives.”
The new technology uses glucose to detect tumor growth. “A tumor that’s growing rapidly uses a lot of glucose,” explains Muzic. “We’re trying to look at the functional differences, not the structural differences. It could eliminate the need for needle biopsies."
The other project, led by David Wilson, professor of biomedical engineering and radiology at CWRU, develops a cardiac perfusion imaging, which will measure blood flow in the heart to determine if there is reduced blood flow in the heart following a heart attack.
Not only will these technologies help in the prevention and treatment of disease, they will bring jobs to the area.
“Phillips will sell more scanners, which will create more jobs and revenue in Northeast Ohio, all while improving women’s health,” says Muzic. He expects production to being in three to five years.
Source: Raymond Muzic
Writer: Karin Connelly
One of the research projects, led by Ray Muzic, associate professor of radiology, oncology and biomedical engineering at CWRU, combines PET and MRI technologies for more accurate mammograms. “It benefits women with early detection of breast cancer with low-coast, low-risk mammograms,” he says. “It provides spot-on imaging and reduces false positives.”
The new technology uses glucose to detect tumor growth. “A tumor that’s growing rapidly uses a lot of glucose,” explains Muzic. “We’re trying to look at the functional differences, not the structural differences. It could eliminate the need for needle biopsies."
The other project, led by David Wilson, professor of biomedical engineering and radiology at CWRU, develops a cardiac perfusion imaging, which will measure blood flow in the heart to determine if there is reduced blood flow in the heart following a heart attack.
Not only will these technologies help in the prevention and treatment of disease, they will bring jobs to the area.
“Phillips will sell more scanners, which will create more jobs and revenue in Northeast Ohio, all while improving women’s health,” says Muzic. He expects production to being in three to five years.
Source: Raymond Muzic
Writer: Karin Connelly