The City of Akron has launched a $1.5 million investment fund that’s intended to attract biomedical companies to the city.
The new Akron BioInvestments Funds will target domestic and international companies that focus on orthopedics, wound healing, cardiovascular science, biomaterials, health information technology and medical devices, according to a statement from the city.
Akron Mayor Don Plusquellic announced new details about the fund Tuesday at the annual meeting of Clevleand-based, state-backed venture development group JumpStart. However, Plusquellic first discussed the fund in March during his state of the city address.
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