Story excerpt provided by Crain’s Cleveland Business.
Written by Lydia Coutré.
Cleveland Clinic is creating a department to complement and, it hopes, enhance the work that the system’s Cleveland Clinic Innovations arm has been doing for years.
The new entity, Cleveland Clinic Ventures, will operate in tandem with Innovations, which works to turn medical breakthrough inventions into products and companies. Leaders say that through the realigned structure, Ventures will offer a renewed and added focus to efforts to spin off companies and to raise funds that help get ideas up and running all the way to market.
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Originally published April 2, 2017.