BioEnterprise is a business formation, recruitment, and acceleration initiative designed to grow healthcare companies and commercialize bioscience technologies. Based in Cleveland, BioEnterprise’s founders and partners are Case Western Reserve University, Cleveland Clinic, and University Hospitals. The initiative comprises the collective activities of BioEnterprise and its partners’ commercialization offices: Case Office of Technology Transfer, Cleveland Clinic Innovations, and University Hospitals Case Medical Center-Center for Clinical Research.
Client companies include emerging medical device, biotechnology, and healthcare services firms. Each year, the BioEnterprise groups choose a select number of companies on which to focus. The resources and networks of the BioEnterprise partners are directed to help those companies achieve greater levels of business success.
BioEnterprise provides companies:
- Experienced bioscience management guidance,
- Privileged relationships with world-class research and clinical institutions,
- Access to bioscience venture capital and private equity firms as well as knowledge of grant funding opportunities,
- Business development and alliance support for strategic partnerships,
- Network of regional business capabilities including technical services, equipment, professional service providers, and flexible development space.
Since July 2002, the BioEnterprise Initiative has achieved the following results:
- More than 275 companies created, recruited, and accelerated
- More than $2 billion in new funding attracted by these companies
- Over $300 million in revenues collected by technology offices
- Over 900 technology transfer deals concluded with industry partners
- The Initiative has evaluated over 2,000 company opportunities and 4,500 invention disclosures.