Story excerpt provided by Crain’s Cleveland Business.
Written by Aram Nerpouni, CEO of BioEnterprise.
In a world where a vast majority of companies are competing to come out on top, much of their success can be determined by a number of key factors. These elements, which include convenient access to financial assets, the ability to attract and retain talent and, of course, the novel ideas on which the company builds its business platform, all can be influenced by where the company chooses to set up shop.
The world of bioscience is no different. Location is a large factor that determines whether or not a start-up company will succeed or fail, and for bioscience companies who choose to make Cleveland home, they are certainly at an advantage. From venture capital and private equity investors to nearby collaborative healthcare partners and institutions in the research and development space, as well as accelerator support and networking opportunities, Cleveland has it all, which is why so many companies have chosen to stay after completing successful exits.
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Originally published March 7, 2016.