Columbus
A clean energy company spun off from Ohio State and backed by Bill Gates has raised $246 million. Koloma, based in Denver but with a lab in Columbus, has developed technology to extract carbon-free hydrogen from underground deposits. The company licenses technology from Ohio State, where CTO Tom Darrah is
Ohio Lt. Governor Jon Husted, in partnership with The AI Education Project (aiEDU), announced yesterday in Dayton the launch of an AI Toolkit for Ohio’s K-12 school districts. Inspired by AI forums with industry leading technologists, the toolkit is a practical guide for formulating policies and recommendations in light
Cleveland
[caption id align="alignnone" width="2499"] Photo: AlensiaXR [/caption] Case Western Reserve University spinoff AlensiaXR has raised a $3 million Series A round to accelerate development and delivery of its HoloAnatomy learning platform, likened to Google Maps for the human body. The funding round was led
Columbus
Basking Biosciences, a company developing a novel therapy to treat stroke, raised $55 million from a group of investors including The Ohio State University. The clinical-stage biopharmaceutical company will use the proceeds to accelerate clinical development. Last year, Basking announced positive Phase 1 results for the BB-031. ARCH Venture Partners
Cleveland
[caption id align="alignnone" width="1535"] Photo credit: SPR Therapeutics, Inc. [/caption] Cleveland’s SPR Therapeutics has raised $85 million to provide patients with a non-opioid, minimally invasive pain treatment option. The financing round, led by Revelation Partners with participation from RC Capital and Mutual Capital
State Representative Steve Demetriou is currently serving his first term in the Ohio House of Representatives. The Ohio tech sector is booming. Last year, Ohio added over 7,500 tech jobs, complementing the already existing 270,000 tech workers in the state. These workers earn an average of $84,810
Akron + Canton
[caption id align="alignnone" width="5344"] Image: Summa Health [/caption] In a massive development for the healthcare sector, renowned venture capital firm General Catalyst, has announced plans to buy Akron’s Summa Health, a nonprofit healthcare system serving Northeast Ohio. In their announcement, General Catalyst said
Columbus
[caption id align="alignnone" width="1302"] Image: Nationwide Children’s Hospital [/caption] Several of Ohio’s biggest names in healthcare are teaming up for a first-of-its-kind partnership to produce and commercialize pediatric medical devices. With support from a $6.95 million grant from the Food and
Cleveland
Cleveland Diagnostics, a Northeast Ohio-based BioTech company, has closed a $75 million financing round to advance their early-stage cancer detection testing technology. The round was led by life sciences investment firm Novo Holdings. The funds will accelerate the commercialization of their IsoPSA blood test, an innovative technology for early detection
A new TechCred application round is now open. This latest round of the state program that helps businesses address their workforce needs by upskilling current and prospective employees is open through 3 pm on January 31. Businesses interested in applying can visit TechCred.Ohio.Gov. In a tight labor market,
From venture-funded startups to well-established banks and financial institutions, Ohio is a hub for financial activities. Ohio’s reputation got another boost recently as Worldpay, one of the largest payment processors in the world, announced plans to reestablish its global headquarters in Cincinnati. The investment comes as JobsOhio makes a
The Ohio Department of Development is now accepting applications for its Ohio Innovation Hubs program. Interested communities can apply for millions available under the program, which is meant to capitalize on existing industry and research strengths to build pipeline talent and commercialize new products and technologies. Program details * $125 million: