Partners in Advance Northeast Ohio are committed to collaborating with each other to make our region more competitive and to help our companies grow.
There’s probably no better example of regional collaboration than the activities of several organizations working to strengthen our region’s most promising early stage companies. For example, the Youngstown Business Incubator recently introduced one of its companies, Eris Medical Technologies, to the Innovation Alliance Fund based in Lorain that invests in early stage companies. The Fund was started by the Lorain County Community College Foundation and it has since attracted other investors, including the University of Akron.
The Fund liked what it saw in Eris and has invested $100,000 in the medical software company. Eris will use the money to develop its software, which helps hospitals maximize their revenue. The collaboration between YBI and the Fund shows that the 90 mile distance between Youngstown and Lorain isn’t that big a gap at all.