Standard Bariatrics, a Blue Ash startup founded by Dr. Jon Thompson of UC Health, has secured a $500,000 investment from the Dayton Development Coalition.
Thompson invented a medical stapler that could change how weight-loss surgery is performed, and the investment from the coalition’s Accelerant Fund I seed-stage venture fund will bring the total raised by Standard Bariatrics to more than $1.5 million by the end of this year.
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Cincinnati Children’s Hospital Medical Center announced today that it will invest $6 million to create startup companies based on technology developed by its researchers.
The hospital, based in Avondale, found out last week that it will receive $3 million in funding from Ohio’s Third Frontier economic development initiative, and Cincinnati Children’s intends to match that three-year grant with $3 million of its own to create the Tomorrow Fund III. Read More