Last year was a big one for the biomedical industry in the Midwest. In the first half of 2016, healthcare startups in the Midwest brought in a record-breaking $1.04 billion. By the end of the year, Midwest healthcare startups brought in $1.7 billion.
And Cleveland is near the top of the Midwest, according to a report from BioEnterprise, a Northeast Ohio biomedical business accelerator. Cleveland brought in $198 million dollars in biomedical investments last year, just behind Minneapolis, Chicago and St. Louis.
Originally published February 20, 2017.