June 12, 2017
Innovation Fund Northeast Ohio, the area’s most active pre-seed fund for technology-based startups, has awarded a combined $225,000 to six companies. The startups will use the money to complete projects that will test technologies and prove business models. With the recent investments, the Innovation Fund has awarded nearly $12 million to 183 companies since it launched in 2007.
“After a decade, we are still impressed by the companies launching in Northeast Ohio that have really big ideas,” said Dennis Cocco, director of the Innovation Fund and co-director of GLIDE, the Lorain County Community College technology incubator that administers the Innovation Fund. “These startups have business ideas that could change their respective industries in very creative ways.”
Hyr Medical ($25,000 | Highland Heights) has developed an online platform that enables physicians and healthcare facilities to directly, efficiently and transparently connect for part-time work (a.k.a. locum). By removing the slow and expensive agency middle-man, physicians earn a higher rate and healthcare facilities pay a lower rate. This means fewer physician shortages and improved patient care.
