Story excerpt provided by Crain’s Cleveland Business.
Written by Lydia Coutré.
In the decade since its founding, the Global Cardiovascular Innovation Center has reached some milestones its leaders are quick to tick off — and now the center is considering how to sustain its operations as its original funding source wanes.
A $60 million grant from Ohio Third Frontier established the multi-institutional center, which aims to advance cardiovascular innovation and contribute to economic development in Ohio. Since then, the center — which develops, incubates and commercializes cardiovascular technology — said it has created more than 1,000 jobs in Ohio, attracted 17 new businesses to the state, granted funding awards totaling $21.5 million to support 51 technologies in companies and institutions in the state and helped secure more than $1 billion in new funding.
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Originally published April 23, 2017.