Archive for July, 2008

RFPs Announced for Third Frontier Advanced Energy and Fuel Cell Programs

Wednesday, July 30th, 2008

On July 28, the Ohio Third Frontier Project issued 2009 Request For Proposals for the Fuel Cell and Advanced Energy programs.

The Third Frontier Advanced Energy Program (TFAEP) accelerates the development and growth of the advanced energy industry in Ohio by direct financial support (grants) to organizations seeking to commercialize new products, manufacturing processes or technologies, or to adapt or modify existing components or systems that can reduce the cost of advanced energy systems or address technical and commercialization barriers. For more information on the Advanced Energy Program RFP click here. Proposal Deadline: by 2:00 PM - September 11, 2008.

The Third Frontier Fuel Cell Program (TFFCP) provides grants that support the growth of Ohio’s fuel cell industry through collaborations that involve Ohio higher education institutions, non-profit research organizations, and Ohio companies. Projects must focus on research and development that addresses technical and cost barriers to commercialization and adapting fuel cell components produced in Ohio for use in fuel cell systems. For information on the Fuel Cell Program RFP click here. Proposal Deadline: by 2:00 PM - September 11, 2008.

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Northeast Ohio Organizations Awarded Funds from Third Frontier Pre-Seed Funding Initiative

Tuesday, July 29th, 2008

Information taken from www.thirdfrontier.com

Today the Third Frontier Commission announced the following awards for the Fiscal Year 2008 Ohio Third Frontier Success and Pre-Seed Funding Initiative Program:

JumpStart, Inc., located in Cleveland (Cuyahoga County), was awarded $1 million for activities that help to support the organization’s progress as an Entrepreneurial Assistance Organization and its ability to successfully accelerate entrepreneurial opportunities in the region. Collaborators on this project include Burton D. Morgan Foundation; BioEnterprise Corporation; Cleveland Foundation; Morganthaler Ventures; Ohio Fuel Cell Coalition; Ohio Agriculture Research & Development Center; TechLift; KeyCorp/Key Foundation; National City Bank; Fifth Third Bank; Forest City Enterprises; The Lincoln Electric Company; Parker Hannifin Corporation; Jones Day; Dix & Eaton; Thompson Hine; Calfee Halter & Griswold; Fund for Our Economic Future; and William B. Summers.

JumpStart, Inc., located in Cleveland (Cuyahoga County) in collaboration with BioEnterprise, Knight Foundation, Cleveland Foundation, Morganthaler Ventures, Ohio Fuel Cell Coalition, Ohio Agricultural Research & Development Center, Baker Hostetler, TechLift, and Burton D. Morgan Foundation, was awarded $2 million for its Pre-Seed Fund which will allow investment in up to 12 high potential businesses, setting the stage for the creation of high paying jobs by establishing innovative high-tech companies that will help to anchor business in the region and accelerate the growth of the economy of Northeastern Ohio.

Queen City Angels, located in Cincinnati (Hamilton County) in collaboration with Health Foundation of Greater Cincinnati and Tri-State Growth Fund, was awarded $2 million for its Pre-Seed Fund III which will invest in very early-stage technology companies and, through participation of fund members, providing the mentoring necessary to help these companies perform to their potential.

NCT Fund Management LLC, located in Columbus (Franklin County) in collaboration with OSU Center for Entrepreneurship, TechColumbus, and Ohio TechAngels, was awarded $1.5 million for its Pre-Seed Fund II which will allow NCT to invest in early stage companies and continue to bring value through hands-on mentoring and assistance in solving marketing, logistics, and disruptive business technology issues.

Emerging Market Fund, located in Cleveland (Cuyahoga County), was awarded $500,000 for activities that help to address the shortfall in early stage investment capital available to underserved minority populations, and bring together accredited minority angel investors along with institutions interested in investing in minority-owned firms based in Northeast Ohio. Collaborators on this project include National City Bank; Ohio Capital Fund; The Presidents’ Council; TechLift; Partnership for the Minority Business Accelerator; Minority Business Accelerator 2.5+; Northern Ohio Minority Business Council; Urban League of Greater Cleveland; and Shorebank Enterprise Cleveland.

Lorain County Community College Foundation, located in Elyria (Lorain County), was awarded $500,000 for their Pre-Seed fund to invest in very early-stage technology commercialization to help accelerate the transitions of existing opportunities and continue to fill the pipeline of new technology-based business in the region. A unique feature of this activity is the promotion of collaborations between start-up companies and the College to advance both business and academic goals that promotes regional economic development. Collaborators on this project include GLIDE; University of Akron Research Foundation; Akron ARCH Angel Investment Network; LCCC Foundation; Lorain County Community; University of Akron; ARCHAngels; NEO, Inc; and TechLift.

Wind Energy Supply Chain Workshop, July 30, Case Western Reserve University

Wednesday, July 16th, 2008

The Great Lakes WIND Network invites you to attend one of our regional WIND Supply Chain workshops. These half-day events will answer your questions about how your company can benefit by becoming part of the fast-growing wind market.

Ohio Manufacturers. . .are you interested in learning about:

  • New business opportunities in the exploding WIND supply chain market?
  • Current global trends driving market demand for key components in an already sold-out supply chain?
  • The WIND supply chain structure and the kinds of components needed?
  • What WIND OEMs look for in their suppliers?
  • Where your manufacturing business fits in the WIND supply chain?

Do you operate a factory in Ohio that produces power electronics, control systems, hydraulics, fasteners, brakes, blades, nacelles, or supplemental equipment for the wind industry such as ladders, elevators, hoists, fire suppression, lighting, or meteorological equipment? Do you operate a foundry, forge, machine shop, or fabricating plant in Ohio? If you do—THIS EVENT IS FOR YOU.

Register online today!

WHEN
Wednesday, July 30, 2008
8:30 AM to Noon
Registration 8:00 AM

WHERE
Case Western Reserve University
De Grace Hall
2080 Adelbert Road
Cleveland, OH 44106

COST
$30 (Includes Continental Breakfast)

QUESTIONS
Dee Holody
216.588.1440, ext 126
dee@wire-net.org

A WIRE-Net initiative, the Great Lakes WIND Network, is an industry-led organization of manufacturers and suppliers whose mission is to serve the needs of the rapidly-expanding global wind market by growing the wind industry supply chain. We connect OEMs with manufacturers and support business expansion, investment, and new jobs in the wind sector. This initiative is funded in part by grants from The Kent H. Smith Charitable Trust, The Cleveland Foundation, the City of Cleveland Department of Economic Development, and The Burton D. Morgan Foundation.

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NanoMedicine Summit Returns to Cleveland, September 25-26

Tuesday, July 8th, 2008

The Nano-Network, Cleveland Clinic Lerner Research Institute, and Case Western Reserve University today announced the organizations will partner to host a national summit to explore the use of nanoparticles for diagnostics, imaging and therapeutics to improve medical treatment and patient care.

The 2008 NanoMedicine Summit will take place on September 25-26, 2008 at the Ritz Carlton Hotel in Cleveland, Ohio.  At the summit, researchers, physicians, and business professionals will share information about cutting-edge nanomedicine research and commercialized applications.  Complete event and registration information can be found online at www.nanomedicinesummit.org

“We are pleased to be partnering with the Cleveland Clinic Lerner Research Institute and Case Western Reserve University to host the 2008 NanoMedicine Summit. The steering committee has organized a top quality program to highlight the latest nanotechnology advancements in diagnostics, imaging, and therapeutics. The Summit will emphasize nanotechnologies that will impact the development of future healthcare in a global economy,” said Alexis Abramson, Ph.D., Senior Fellow at NorTech, Executive Director of the Nano-Network and Assistant Professor at Case Western Reserve University.

The NanoMedicine Summit made its debut in Cleveland in 2004 with a focus on nanotechnology applications in cardiology, neurology, oncology and orthopaedics. In 2006, the event highlighted nanomaterials for medical devices used in orthopedics and spinal disorders, cardiovascular diseases, neurology and neurosurgery, and minimally invasive surgery. Both events were an overwhelming success, each attracting a broad audience of over 300 people, from across the United States.

This year, the Summit’s steering committee aims to build on the momentum of the 2004 and 2006 events, by connecting leaders at the forefront of nanotechnology who are developing cutting edge, next-generation nanotechnology products and solutions for the healthcare industry. Since nanoparticles are becoming increasingly used in innovative research for the development of medical applications and devices, this year’s Summit will highlight the impact these unique nanostructures are having on diagnosis and treatment of disease.

“NanoMedicine is an emerging and expanding field with myriad applications and may play an important role is translational research - or moving laboratory research to patient care,” said Vinod Labhasetwar, PhD, Director of Cleveland Clinic’s Cancer NanoMedicine Program. “The applications of NanoMedicine are vast and may lead to the development of new diagnostic tools, early disease detection and new drug therapies.” Cleveland Clinic’s Cancer NanoMedicine Program is a joint program of the Lerner Research Institute’s Department of Biomedical Engineering and Taussig Cancer Institute.

Topics to be covered at the summit include the use of nanoparticles for:

  • Imaging cancer and other diseases
  • Drug delivery
  • Treatment of disease
  • Biological investigation
  • Basic nanomedicine research

Confirmed speakers for the 2008 NanoMedicine Summit are top nanoscientists and business professionals from around the country, including leading biomedical researchers, clinician investigators, technologists from public and private companies, and medical industry thought leaders. 

“Case Western Reserve University is pleased to welcome these renowned scientists to Cleveland.  The recent award of a Biomedical Research and Commercialization Grant from the State of Ohio in nanomedical technology with Case Western Reserve University as lead institution testifies to the emphasis on this promising field on our campus, and we look forward to the exchange of ideas that always occurs in these meetings,” said Dean Pamela Davis, herself a speaker at the Summit.

The 2008 NanoMedicine Summit is part of a five day series of activities during Nano Week in Cleveland, September 22-26. Stay tuned to www.nano-network.org for more details about Nano Week. 

About the Nano-Network:
The Nano Network is a program of NorTech, Northeast Ohio’s technology-based economic development organization. The Nano-Network was formed by scientists, entrepreneurs and financiers to improve and expand nanotechnology research and commercialization activities and capacities in Northeast Ohio, and throughout the nation. The Nano-Network is one of the largest and best-known privately funded, “grass roots” nanotechnology organizations in the United States. The Nano-Network is currently managed by NorTech (www.nortech.org), a regional economic development organization focused on innovation, technology and entrepreneurship in Northeast Ohio. NorTech’s relationship with the Nano-Network provides the group with structure, contacts and resources to further promote nanotechnology in Ohio and the United States. www.nano-network.org

About Lerner Research Institute:
Lerner Research Institute is home to Cleveland Clinic’s laboratory-based, translational and clinical research. Its mission is to understand the causes of human diseases and to develop new treatments and cures. Total research funding was $244 million in 2007. About 1,200 people, including nearly 160 principal investigators, pursue research programs focused on cardiovascular, cancer, neurologic, musculoskeletal, allergic and immunologic, eye, metabolic, and infectious diseases. It is among the top 10 recipients of funding from the National Institutes of Health among research institutes or independent hospitals. www.lerner.ccf.org

About Case Western Reserve University School of Medicine:
Founded in 1843, Case Western Reserve University School of Medicine is the largest medical research institution in Ohio and 15th largest among the nation’s medical schools for research funding from the National Institutes of Health. Eleven Nobel Laureates have been affiliated with the school. The School of Medicine is recognized throughout the international medical community for outstanding achievements in teaching and in 2002, became the third medical school in history to receive a pre-eminent review from the national body responsible for accrediting the nation’s academic medical institutions. The School’s innovative and pioneering Western Reserve2 curriculum interweaves four themes-research and scholarship, clinical mastery, leadership, and civic professionalism-to prepare students for the practice of evidence-based medicine in the rapidly changing health care environment of the 21st century. http://casemed.case.edu/

Cuyahoga County and NorTech Unveil North Coast Opportunities (NCO) Technology Fund Pilot Program

Tuesday, July 1st, 2008

The members of the Board of Cuyahoga County Commissioners (BOCC), Jimmy Dimora, Timothy F. Hagan and Peter Lawson Jones, are pleased to announce the creation of the North Coast Opportunities (NCO) Technology Fund Pilot Program. The NCO Technology Fund will accelerate technology-based entrepreneurship, create new high paying jobs, and increase the flow of private investment to Cuyahoga County technology companies. Commissioner Jones, Board President, stated, “Our establishment of the NCO Technology Fund is yet the latest example of the County’s commitment to spurring the economic regeneration of our region…and we’re doing it the only way it can be done – by working collaboratively with the private sector to provide sorely needed capital to promising high tech companies.”

The NCO Technology Fund will provide payment-deferred loans to help small technology companies finance specific business development projects. Loans will range from $25,000 to $125,000 at a 5.0% fixed interest rate. The principal and accrued loan interest are due either at the end of the loan term or when the company achieves significant outside investment. “The County’s new fund will enable companies to attract follow-on private capital to grow their business”, said Comissioner Dimora. “Encouraging entrepreneurship and developing early stage companies is critical to the economic success of Cuyahoga County and all of Northeast Ohio.”

The NCO Technology Fund will be capitalized with $750,000 pledged by the BOCC to support TechLift, a NorTech-led initiative created by the State of Ohio’s Third Frontier program to increase support, services, and investment for entrepreneurial technology companies in Northeast Ohio.

“We highly value Cuyahoga County as a partner in the TechLift collaborative and commend them for their leadership in establishing the NCO Technology Fund. We hope other counties in Northeast Ohio will take an interest in improving entrepreneurship and technology business growth by replicating Cuyahoga County’s NCO Technology Fund model,” added Chris Mather, Director of TechLift and Vice President at NorTech.

The NCO Technology Fund is based on the strategic recommendations of the CuyahogaNext Advisors economic development task force. Established by the BOCC in 2004, CuyahogaNext is a network of individuals and organizations envisioned, convened and chaired by Commissioner Jones. CuyahogaNext recommended that the County assist entrepreneurs and support high potential/high growth technology-based business opportunities.

The NCO Technology Fund was developed by the Cuyahoga County Department of Development in collaboration with CuyahogaNext Advisors and NorTech’s TechLift program. To be eligible for funding a candidate must be a technology company with high-growth potential, based in or planning to move to Cuyahoga County, and a TechLift registered and supported entity. A selection committee comprised of TechLift Entrepreneurs-in-Residence (“EIRs”) and a County representative will analyze the list of potential candidates. Companies with the greatest prospect for raising seed or venture capital financing in the future will be selected for funding.

Commissioner Hagan affirmed, “The Cuyahoga County Commissioners are committed to advancing the interests of our residents and taxpayers through technological innovation and entrepreneurial development. This ground breaking partnership between the County and NorTech’s TechLift program will provide a higher level of services to entrepreneurs, helping to grow the region’s economy.”

About The Board of Cuyahoga County Commissioners:
The Board of Cuyahoga County Commissioners is a Political Subdivision of the State of Ohio, established by the State Legislature in 1807. Comprised of 38 cities, 19 Villages and 2 Townships with a population of 1,401,552*, Cuyahoga County is largely an industrial, recreational, educational and leading health care community. http://bocc.cuyahogacounty.us/

About TechLift:
TechLift is a NorTech-led initiative designed to provide unparalleled services to technology entrepreneurs in Northeast Ohio. It is a collaborative effort between NorTech and Northeast Ohio’s Edison funded incubators. (JumpStart, BioEnterprise, and the five regional incubations that comprise NEOinc: Akron Global Business Accelerator, BrainTree, GLIDE, MAGNET, and Youngstown Business Incubator) and pre-see investment funds (JumpStart, Glengary, NorthCoast Angel Fund and GLIDE Innovation Fund).

In late 2006, the Third Frontier Project created its Entrepreneurial Signature Program to significantly increase the technology-based entrepreneurial commercialization outcomes. NorTech led the Northeast Ohio effort and received a $15M grant from the Ohio Third Frontier Project to fund TechLift services and create new programs at JumpStart, BioEnterprise, and the NEOinc incubators. For more information about TechLift, visit: www.techlift.org.