Akron BioMedical Corridor The City of Akron is quickly becoming a global hub of innovation, attracting international biomedical technologies and companies that are looking for help in commercializing their products and expanding into the North American market. The Akron BioMedical Corridor, located in downtown Akron and established in 2006, brings together three nationally known hospitals (Akron General Medical Center, Akron Children's Hospital and Summa Health System), the unique Austen BioInnovation Institute in Akron (ABIA), the Northeast Ohio Medical University (NEOMED) and a world-leading biomaterial center at the University of Akron. The Corridor also hosts the Akron Global Business Accelerator, the winner of the 2008 National Business Incubation Association Incubator Innovation Award, which provides low cost space coupled with effective, hands-on, business development support, including: business planning, networking with key collaborators and customers, access to legal and accounting services as well as access to capital. A key component of the Corridor is the Akron BioInvestments Funds, which provides access to grants and loans to appropriate companies. The Akron BioMedical Corridor focuses on orthopedics, wound healing, burns, imaging and advanced functional materials applications and devices.