NIH grants add up for Ohio small businesses

Pettypiece, Shannon
February 2005
Crain's Cleveland Business;2/21/2005, Vol. 26 Issue 8, p35
The article reports that Ohio companies received$ 15.7 million of Small Businesses Innovation Research grants from National Institute of Health (NIH) in 2004. That figure is down from$ 19.3 million in 2003, but still ranked the state 10 in the nation for the amount of small business grants received for medical research, according to numbers complied by economic development group BioEnterprise Corp. The bulk of those NIH grants came to Northeast Ohio, with a few local companies leading the way. Among them were medical device makers Cleveland Medical Devices Inc. and Biomec Inc., which received grants of $2.7 million and $2.3 million, respectively. Stem cell company Athersys Inc. of Cleveland was another big recipient, with$ 748,800 in grant money.


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