Source: MedCity News
“A popular Ohio tax credit that investors and entrepreneurs swear by is in danger of expiring as soon as this summer, and it’s unclear whether state lawmakers have any desire to continue the …
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Source: The Ohio State University Fisher College of Business
Ohio outpaced the national average in venture capital investment in 2010, increasing 81 percent over last year, according to a report developed by the Center for Entrepreneurship.
Nationally, there was a 20 percent increase over 2009, with $23.3 billion in venture capital investment. In Ohio, $567.4 million was invested in early-stage businesses, according to the 2010 Ohio Venture Capital Report. Ohio accounted for 2.5 percent of venture capital investment nationwide. Biotechnology and information technology companies brought in the most start-up cash.
The Center for Entrepreneurship at Fisher manages the Ohio Venture Capital Research Program in collaboration with state and regional partners, such as Ohio Department of Development, the Ohio Capital Fund, Tech Columbus and Cincytech. The collaborative program tracks venture capital investment activity, with an emphasis on early-stage investment.
The entire report is available online.
Source: MedCity News
Considering joining a business incubator? Below are three things that founders should know when making the decision:
1. Scrutinize the term sheets
2. Make sure the incubator mentors are actively involved
3. Don’t get so wrapped up in the incubator application and mentoring programs that you don’t have time to focus on growing your business.
Read the entire MedCity article by clicking here.
In today’s competitive global marketplace, companies are looking for ways to differentiate themselves, compete more effectively and develop pathways to success. According to many experts, the way to separate from the pack is innovation, which is the focus of this year’s Signature Event for The Ohio Chapter of the Healthcare Businesswomen’s Association (HBA). The association’s Spotlight on Innovation event is scheduled for September 13, 2011 at the Cincinnati Ballet Center.
Innovation, according to one of this year’s presenters, Drew Boyd, executive director of Masters of Science in Marketing at the 
University of Cincinnati, “is a skill set, not a gift. Innovation can be learned like any other business skill, like accounting or marketing. And what many companies may not realize is that these skills are just as important as leadership.”
Boyd will conduct an interactive workshop on systematic inventive thinking, built on the idea that inventive solutions share common patterns. Participants will discover that innovation is not brainstorming, but rather a structured process to focus creative output.
Boyd explained, “I want people to experience what it feels like to innovate; to have an innovation moment. During my presentation, I will lead attendees through structured exercises that will provide them the sensation of what it is like to use patterns in a structured way; to channel ideation process in productive way. When we’re done, I want them to say, ‘I get it, I see it now.’ To truly understand ideation and the process of innovation, people have to experience it.”
Boyd founded and directed Johnson & Johnson’s acclaimed Marketing Mastery Program, an internal “marketing university” benchmarked by companies such as General Electric, Proctor & Gamble, Kraft, and Merck. Boyd’s focus was on raising competencies in the areas of strategic marketing, product innovation, and principles of persuasion.
The Ohio HBA event is sponsored by more than 30 organizations and is expected to attract a sell-out crowd of 250 people. In addition to Boyd, the event will also feature a presentation by Alexis Schrimpf, global design director, P&G Healthcare. Schrimpf will discuss design’s unique role at Procter & Gamble from up-stream innovation to in-store expressions, and will share some interesting ways healthcare fits into the company’s purpose inspired growth strategy to serve more consumers more completely.
Source: MedCity News
Considering joining a business incubator? Below are three things that founders should know when making the decision:
1. Scrutinize the term sheets
2. Make sure the incubator mentors are actively involved
3. Don’t get so wrapped …
In today’s competitive global marketplace, companies are looking for ways to differentiate themselves, compete more effectively and develop pathways to success. According to many experts, the way to separate from the pack is innovation, which is the focus of this year’s Signature Event for The Ohio Chapter of the Healthcare Businesswomen’s Association (HBA).
Ohio has seen 20% job growth in the BioTech sector over the last 10 years due to both big businesses and startups.
In today’s business environment, decisions are made at a fast pace. Information is readily available via the Internet, yet internal financial information to improve the decision-making process is sadly deficient.
ImageIQ, a 10-year old start-up company (no mistake), recently emerged from the Cleveland Clinic in February 2011. The man asked to take the helm at the company is Tim Kulbago, a 14-year veteran of the medical imaging industry.
With regulatory authorities such as the FDA enforcing increasingly tighter expectations on the ethical and quality controls practiced by medical device and pharmaceutical developers, the cost of a warning letter – and delay to market – can be immeasurable.
What can young life science companies do to attract and afford high-quality executive talent to the Cincinnati area? What can be done to make the company and this area more attractive to prospective life science leaders who understand the ebbs and flows of start-ups?
