Build Your Biomedical Imaging Strategic Alliances with Ohio
Ohio is the best place in the world to optimize the growth of your medical imaging company because we can imbed you in an asset base that allows you to maximize your business strategy. And BioOhio knows Ohio’s assets, incentive programs, and corporate, academic, state, and local contacts better than anyone. We can be the strategic alliance connection for your company’s site selection, talent recruitment, supplier network, expansion, and partnership needs. Now, onto Ohio’s medical imaging assets…
Ohio is home to 1,345 bioscience firms, with over 125 focused on biomedical imaging, that leverage an extensive supply chain of over 1,200 suppliers and service providers. Philips Medical Systems | Battelle | Hitachi Medical Systems | Biomedical, Structural, Functional & Molecular Imaging Enterprise | Cardinal Health | CardioInsight | Clear Image Technologies | Cleveland Clinic | Computational Medicine Institute | Codonics | Ethicon Endo-Surgery (J&J) | Fluke Biomedical | Fused Multimodality Imaging | GE Healthcare / USA Instruments | Girindus | HyperTech | Imalux | Interventional Imaging | QED | Merge Healthcare | MIMVista | Neomed | Ohio SuperComputer Center | Siemens | Rapid MRI | Rexon Components | Riverain Medical | Smith’s Medical | Simbionix | Toshiba Medical Systems | ViewRay | and more
Ohio has 2 times as many medical and clinical employees, with wages 17% less than the national average — and a total pool of 800,000 manufacturing workers to draw from. More than 62,500 workers are employed by Ohio bioscience companies.
Labor, energy, building, and transportation costs are up to 20% below coastal cities
The leading state in the U.S. in attracting new businesses and expanding facilities.
- Ohio won Site Selection magazine's Governor's Cup 4 consecutive years (2006-09) and placed second in 2010.
- 4th largest interstate highway system in U.S. Ohio is within a day’s drive of 80% of U.S. Corporate Headquarters and 63 percent of U.S. manufacturing facilities
- 3 Ohio cities—Cincinnati, Cleveland and Columbus—are ranked in the top 30 bioscience locations
- 10 designated Foreign Trade Zones
$482M Committed to Ohio’s Biomedical Imaging Public-Private Partnerships
The Philips Healthcare Global Advanced Imaging Innovation Center
- The $38.4 million partnership of Philips, University Hospitals and Case Western Reserve University — supported by a $5 million Ohio Third Frontier grant — was announced June 2010. Philips, which is supplying $33.4 million of the funding, is also considering an investment of a similar amount in a second phase of the center.
Global Cardiovascular Innovation Center at the Cleveland Clinic
- $250 million investment, seeded with a $60 million grant from the State of Ohio to significantly accelerate the commercialization of cardiovascular products
- Collaborators include Case Western Reserve Medical Center, GE Healthcare, IBM, Medtronic, Pfizer, P&G, The Ohio State University, University of Cincinnati, University of Toledo
Wright Center of Innovation in Biomedical Imaging
- On May 28th, 2003, Ohio State University received a $9.1 million Third Frontier Grant from Ohio Governor Bob Taft and $8 million from BRTT (the Biomedical Research and Technology Transfer award) to create the Wright Center of Innovation in Biomedical Imaging.
- Collaborators include Case Western Reserve University, Philips Medical Systems, Cardinal Health, Rapid MRI and Ohio Supercomputer Center
Computational Medicine Center at Cincinnati Children’s Hospital
- $82 million investment for data management including diagnostic image analysis
- Collaborators include the University of Cincinnati Medical Center, Bio/Start, Blue Chip Venture Fund, CinCom, CincyTechUSA, IBM, ItCube, Molecular Research Center, Ohio Supercomputing Center, P&G
Annual savings up to $2.1 million by locating in Ohio
Labor, energy, building, and transportation costs are up to 20% below coastal cities
New Ohio tax code encourages business investments, and rewards companies for global selling: Eliminates tangible personal property tax and corporate franchise tax • Exemption from taxation sales outside the state of Ohio (i.e. exports)
Bioscience Funding
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More than $11.4 billion in funding to bioscience & healthcare companies since 2004 (VC, Angel, NIH, SBIR, NSF, etc.).
- Over 170 investment groups have financed more than 211 Ohio bioscience companies since 2004.
Ohio has the most Top Ranked Hospitals by Thomson Reuters 2004-2009 (70) & in 2011, U.S. News & World Report ranked 12 Ohio Hospitals in the top 216 nationally
- 4 of the nation’s top pediatric hospitals, 2 top 25 adult heart and heart surgery centers, 3 top 40 adult cancer hospitals, 3 top 40 diabetes & endocrinology hospitals, 3 top 40 orthopedic hospitals
- The Cleveland Clinic, the top cardiology hospital in the U.S. for 17 years and ranked 4th overall
- Ohio hosts 17% of clinical trials in the U.S. – 3,850 active and recruiting as of February 2011
World-Class Research
- Five institutions – Case Western Reserve University, The Ohio State University, University of Cincinnati, Cincinnati Children’s Hospital and Cleveland Clinic rank in the top 100 National Institutes of Health (NIH) funding recipients.
- One of the nation's only 4T human MRI systems in U.S. at University Hospitals of Cleveland/Case Center for Imaging Research
- The Ohio State University currently operates the only 8T MRI in the world, and it has been approved for human use to collect in vivo images.
- Toshiba’s First-Generation Hybrid Cardiac Catheterization Suite Install 5 Axis Biplane Positioner and Flat Panel Detectors at Nationwide Children's Heart Center
Informatics Prowess
- Ohio Supercomputer Center – a resource for computational high performance computing and networking
- OSCnet – 1,600-mile fiber optics network, the most advanced research and education network in the nation
- daytaOhio – a $14M Wright Center of Innovation for advanced data management and analysis
Be Part of History
Join more than 100 years of imaging innovation. In the early 1900s Ohio became a clear home to new medical technology industries where X-ray equipment manufacturers flourished, as exemplified by the pioneering Engeln Electric Company founded in 1911, later acquired by Picker X-Ray, becoming Picker, then Marconi now Philips medical, along the way Ohio Nuclear and Technicare also became global brands… and today Ohio is home to more than 125 imaging businesses.
The first ever X-ray CAT scan image-guided biopsy was done in Cleveland in the 1970s.
MRI Nobel Laureate Paul Christian Latuerbur called Sidney, Ohio and Case Western Reserve University home.
Building Your Biomedical Imaging Strategic Alliances with Ohio and BioOhio
This is only a snapshot of the imaging related facts across Ohio. Contact BioOhio, Ohio’s bioscience development organization, to learn more and to discuss bi-directional investment opportunities and how building strategic alliances with Ohio can impact your bottom line.