Cleveland cardio company attracts $250K investment
Nonprofit venture development organization JumpStart will invest $250,000 in Guided Interventions, a startup company developing a product to help cardiologists better assess the physiological impact of coronary artery blockages.
Guided Interventions’ novel fractional flow reserve (FFR) guidewire provides an easier, more effective and more affordable way to obtain FFR measurements during coronary catheterization procedures.
Guided Interventions plans to use the JumpStart investment to complete development and test an initial prototype in relevant animal models. The company also intends to launch and scale its operations in Northeast Ohio within calendar year 2013, especially by hiring engineers. More details on the company and their product here.