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Lorain County Community College, Austen BioInnovation Institute Join to Advance Medical Technologies
Date:5/2/2013

sting, development, regulatory compliance and low volume production.

  • Expanding access to capital to rapidly move medical discoveries to market by exploring the creation of a pre-seed fund, built on the success of LCCC’s founding of the Innovation Fund, to strategically and proactively foster the transfer of technology from the lab to the market as a start-up enterprise or open innovations solution for existing industry. The fund would provide capital to qualifying technologies developed through the research and development work of the two organizations.
  • Delivering targeted business mentoring and support using the business support services of the Great Lakes Innovation and Development Enterprise (GLIDE) and other partners in the region’s entrepreneurial support ecosystem to assess market opportunities for targeted technologies.
  • Developing talent using Allied Health training systems like LCCC’s new Patient Simulation Learning Center and ABIA’s new simulation and product development facility to provide hands-on experience.
  • ###

    About Austen BioInnovation Institute in Akron
    The Austen BioInnovation Institute in Akron (ABIA) – an exceptional collaboration of Akron Children’s Hospital, Akron General Health System, FirstEnergy, John S. and James L. Knight Foundation, Northeast Ohio Medical University, Summa Health System and The University of Akron – brings innovative minds together to create economic and personal vitality by inspiring patient-centered discovery and invention. The ABIA partnership accelerates the time from idea to commercialization of new technologies and solutions by bringing together world-class scientists, physicians, engineers, researchers and entrepreneurs in the biomedical product and polymer science industries. ABIA works to secure Ohio’s economic future through its patient-centered product innovation, cutting-edge workforce training and inclusionary approa
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