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The Akron BioMedical Corridor is a growing hub within the Akron
area that is frequently visited by businesses, foreign country
economic consuls, nonprofit organizations, research institutions
and many other groups. Below, you will get a glimpse into the many
happenings within the Corridor.
Dr. Zev Gurion
Executive Director, Akron BioMedical Corridor
166 South High Street, Suite 202
Akron, OH 44308
To find out more, contact us now or call us directly at 330.375.2471.
- Jeff Reedy
CEO and President, 7signal Solutions, Inc.
- Mateja Dermastia
CEO, CE PoliMaT, Slovenia
Akron BioInvestments Funds is accepting
applications for 2014. Click here to submit your
The Akron BioMedical Corridor exhibited at this two-day show
June 17-18 in Maastricht, where Bob Anthony of the BioMedical
Corridor joined a panel to speak about the future of medicine,
including diagnostic devices, biomaterials and orthopedics, to
name a few. The team is pursuing 11 leads from the show with
companies that are primarily based in Germany, Belgium or
the Netherlands, as well as a French company that produces
advanced materials for biomedical
applications. While in the Netherlands, the team also
toured the Dutch Polymer Institute at the Chemelot Campus.
Rob Ngungu, the director of regulatory affairs at Austen
BioInnovation Institute in Akron, spoke at this event about the FDA
and regulatory changes in the U.S. Though the Akron BioMedical
Corridor did not exhibit at the show, the team attended several
meetings in Helsinki with current biomedical collaborators and new
companies coming to the U.S. Read more...
More details to come.
Representatives from the Akron BioMedical Corridor attended
BioMed Israel again this year, where they exhibited and conducted
42 meetings with companies that specialize in the fields of
biomedical, polymer/advanced materials and energy. In addition,
they also met with Akron Global Water Alliance partners and visited
emerging companies at Targetech Innovation Center, an Israeli
business incubator. Read more...
A Finnish delegation with 15 regional mayors and a
representative from a Finnish company visited Akron during a
weeklong tour of the U.S. that included Chicago, Washington, D.C.
and Columbus, Ohio. While in Akron, they toured the headquarters of
Goodyear, the Akron Global Business Accelerator and the Timken
Center at the University of Akron. Presentations about economic
development were also given at each location.
Fifteen members of AmCham Slovenia, the American Chamber of
Commerce in Slovenia, arrived in Akron the following day. A
reception for the delegation was hosted by the City of Akron, the
Greater Akron Chamber of Commerce, Team NEO, private sector
companies, economic development partners and local community
leaders. They participated in several B-to-B meetings with local
companies held at the Akron Global Business Accelerator. The
companies, some of which are client companies with the Accelerator,
were from industry-specific clusters in Akron.
Representatives from Euregio, the region of Western Germany,
Northern Belgium and Southeastern Netherlands, visited the City of
Akron for three days. Euregio contains a hi-tech triangle area
consisting of Eindhoven, Leuven and Aachen. The visitors
specifically represented Bytec, a contract medical manufacturing
company located in Germany.
Nervive, Inc., a biomedical company, received funding through
the Akron BioInvestments Funds, LLC. to commercialize the VitalFlow
stimulator, a new medical device to treat stroke victims. The
company plans to move its headquarters to Akron and will initially
set up at the Akron Global Business Accelerator before expanding
into other offices. Read more…
Representatives from the City of Akron are preparing for a very
busy year. With a full itinerary of trade shows, fairs and
international visits, they will be representing Akron, USA and
showcasing all it has to offer across the globe. Some of these
events are listed below. If you are interested in scheduling a
meeting for any of these shows, please contact us.
August 6-8: FIME in Miami, Florida
September 10-12: Life Sciences Baltic in Vilnius, Lithuania
October 27-29: Cleveland Clinic Innovation Summit in Cleveland,
November 12-15: Medica 2014 in Düsseldorf, Germany
December 1-4: RSNA in Chicago, Illinois
The City of Akron welcomed two international companies for a
visit. The first, an Italian company, produces packaging machines
that are used in various industry settings, including automotive
and biomaterials. The other visitor was a Chinese company that also
produces machines. Specifically crafted for the polymer industry,
these machines also have some biomedical applications.
In early December, members of the BioMedical Corridor's
marketing team traveled to Chicago to attend the annual event for
the Radiology Society of North America (RSNA). The team conducted
an audit of the event, which is the largest of its kind in the
world, to discover how it related to their target industries.
Bob Bowman, Deputy Mayor of Economic Development in Akron,
visited the Netherlands in early November for the Aquatech
Amsterdam trade exhibition. He held more than 40 meetings with
targeted technology companies, some of which have life sciences
Pictured are Bob Bowman and Bob Anthony
conducting a meeting during the show.
Representatives from the Akron BioMedical Corridor exhibited at
the 2013 MEDICA Trade Fair in Germany. During the show, they
conducted more than 50 prescheduled meetings with companies
interested in the Akron area.
Of those meetings, more than half were continuations from
previous meetings that began at past MEDICA fairs or other shows
where Akron representatives were present. This figure demonstrates
the value of continuity in establishing successful business
relationships. Officials anticipate approximately 20 follow up
visits as a result of MEDICA from now through the first quarter of
Representatives from Akron spent a week as exhibitors at the K
2013 Trade Fair in Germany, where they met with various
international companies and business leaders. One of the companies
with whom they met during the show has already visited Akron to
learn more about the resources available in the Greater Akron area.
The International Economic Development Council awarded the 2013
Excellence in Economic Development Gold Award to the Akron
BioMedical Corridor for its website. This particular award is
presented for a special purpose website and was given to city
officials at a special ceremony in early October. The website was
designed by local Akron agency, WhiteSpace
Representatives of Akron attended the Tekes Functional Seminar
in Finland, where they contributed to the event and sparked
interest in the partnership building between the U.S. and
Yang Yun, associate professor of biomedical engineering at the
Univeristy of Akron, took on the role of keynote speaker at the
Tekes Functional Materials seminar, and Bob Anthony of the Akron
BioMedical Corridor led a roundtable discussion for the BioFinland
Technology Bridge Steering Committee. Read More...
The West Nordic Venture Capital Forum organizes the
Connect2Capital conference, where international leaders from around
the world interact with top technology companies from Denmark,
Sweden and Norway. Warren Goldenberg, CEO of Fluence Therapeutics
in Akron, attended the event with Bob Anthony of the Akron
BioMedical Corridor, where they met leading investors from the
Nordic area and shared knowledge with emerging technology
Xiamen Hi-Tech Investment Fair 2013.
Nevromatrix in Akron recently received notice in hiVelocity, a
weekly online publication about Ohio's changing economy. The
article looked at neurostimulation in the entire state and the
international ties to the industry that can be found in Akron.
Nevromatrix is an Israeli company that came out of the Targetech
incubator in which the City and local entities invested in 2006.
This is the first company to establish operations in Akron as a
result of this investment. Read
For the first time ever, reprentatives attended the FIME show in
Miami. This medical device show focuses on South American and Latin
American audiences, but other exhibitors included representatives
from China, Korea and various European countries.
Representatives from the Akron BioMedical Corridor shared their
thoughts during a panel discussion at the Inovita Life
Sciences Driven Regional Development Workshop in Istanbul.
The focus of the discussion was collaboration between government
institutions and private businesses to create health care clusters.
Other panel members included those from Israel, Turkey and the
Akron recently hosted visitors from an international company
that produces innovative, interactive software to help those with
learning disabilities. The purpose of the visit was to complete a
market analysis of the area and investigate opportunities for
future collaboration with Akron-based companies and
The Akron BioMedical Corridor was well represented at the
Biomedical 2013 European Life Sciences Summit. It's marketing team,
who exhibited at the show, include representatives from the City of
Akron, Akron Global Business Accelerator, Austin BioInnovation
Institute in Akron (ABIA) and the University of Akron.
Akron recently hosted Harry Jiang, the new president of FMI
Medical Systems, Inc. of Akron and Donald Tang, managing partner
for Creation Investment of Shanghai.
Pictured from left to right: Harry Jiang of FMI Medical Systems,
Inc.; Bob Bowman, deputy mayor of economic development; Donald Tang
of Creation Investment of Shanghai; Sam DeShazior, deputy planning
The Akron BioMedical Corridor exhibited again this year at the
Israel BioMed 2013 in Tel Aviv, where
representatives met with international business leaders to discuss
the why Akron is an ideal location for reaching the North American
market. Read More...
Representatives also attended the Biomedica Summit
2013 in Aachen, Germany. Contact us to learn about the Akron
Bruno Jelencic from Metrel, a Slovenian manufacturer of
electrical measurement and test instruments, visits Akron to learn
more about the infrastructure of Ohio's most important sectors of
The Akron BioMedical Corridor was awarded a grant by the Knight
The Akron BioMedical Corridor has engaged Battelle
Technology Partnership Practice to conduct a Bioscience
Strategic Assessment and Plan for the Akron BioMedical Corridor and
the Greater Akron region.
Hosted in Akron for the first time, the Manufacturing Mart
attracted 45 exhibitors. Tom Guevarra, Deputy
Assistant Secretary Economic Development Administration, opened the
Ohio Manufacturing Mart Trade Fair. Read
The City of Akron and the Greater Akron Chamber hosted a
delegation from Lithuania in town to sign a business development
agreement between the Akron Global Business Accelerator and Kaunas
University of Technology. Read More...
Akron curretnly ranks as number 27 on the list
and tops all cities in Ohio.
In late March, Akron officials attended the China Rubber
Industry Show, which was held in Qingdao, China. This was Akron's
second year as an exhibitor, and officials met with nearly 40
companies during the event. One investment has come as a result of
Akron's work at the show.
Last year, 105 tech-based companies in Greater Cleveland raised
$201 million from venture capitalists and angel investors,
according to the region's Venture Capital Advisory Task Force. This
activity represents a 34 percent increase over the amount raised by
companies in 2011. Investors from all across the nation continue to
discover the region's investment opportunities, with 28
out-of-state funds making first-time investments in Northeast Ohio