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Bridge Investment Fund recently scored its biggest win — in the eyes of job-creation-conscious local investors, at least — when Israel-based portfolio company IceCure decided to establish its U.S. headquarters in Cleveland.
That’s exactly what the Cleveland-based venture capital fund was designed to do when it was set up in 2005: Invest in Israeli medical device firms that would benefit from setting up operations in the Cleveland area as they look to break into the U.S. market, and boost job growth and economic activity in Northeast Ohio’s growing biomedical sector.
Of course, there’s no guarantee all of Bridge’s portfolio companies will set up shop in Northeast Ohio. Cold, rational business decisions will rule the day, as illustrated by Bridge-affiliated device maker EarlySense, which last month chose Massachusetts as its U.S. base.
To read the full, original article click on this link: Building the Israel-Ohio medical connection: Bridge Investment Fund
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