Cleveland Clinic Innovations and Ohio State’s Technology Commercialization and Knowledge Transfer Office (TCO) have entered into an alliance to accelerate and commercialize medical innovations. This collaborative effort, which creates the largest medical commercialization network in Ohio, is focused on improving and extending the lives of patients, and will have a positive impact on the State of Ohio through job creation and economic development.
“This partnership holds enormous potential for Ohio to reshape the future of medicine,” says President E. Gordon Gee. “For many years, the research conducted at places such as Cleveland Clinic and Ohio State has provided the foundation for major advances in medical technology and patient care. Working together, we will be able to fully realize the potential of this innovation and research – moving more quickly to take research out of the lab and into hospitals around the world.”
The alliance leverages the capabilities of the largest and third largest performers of medical-related research and development in the state. Cleveland Clinic and Ohio State will be sharing and utilizing their comprehensive technology and commercialization service infrastructures to develop and deploy new medical innovations that are generated by researchers, physicians, faculty and administrative staff at both institutions. These innovations come in many forms, such as medical devices, patient services, new medical software systems, consumer products and startup companies.
“This collaboration between Cleveland Clinic and Ohio State will accelerate the development of patient-centered innovations, which will help improve quality and reduce healthcare costs,” says Delos M. “Toby” Cosgrove, MD, Cleveland Clinic President and CEO. “Our shared commitment to medical innovation will not only benefit patients, it will also improve the economic health of our state.”
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