Innovation America Innovation America Accelerating the growth of the GLOBAL entrepreneurial innovation economy
Founded by Rich Bendis

Money

It was a chance meeting at the historic Greenbrier resort, deep in West Virginia's mountains, that yielded a $10 million donation aimed at spurring economic development in Northeast Ohio. Coal-mining and farming magnate James C. Justice II, along with his wife, Cathy, confirmed this week that they are giving $10 million to Cleveland Clinic Innovations, the commercialization and corporate venture arm of Northeast Ohio's largest health system.

The gift from the West Virginia resident will establish a chair in medical innovation, as well as funding patent applications, bringing in speakers, adding work space and providing seed money for products in the early stages of development at companies under the Innovation umbrella.

Justice, a bear of a man at 6 feet 7 who was once named West Virginian of the Year for his benevolence, gives a simple explanation for the contribution: "They're going to do things to change the world, and I'd like to be a part of it."

To read the full, original article click on this link: