December 5, 2012
The executive director of Cleveland Clinic Innovations, Chris Coburn, has been named one of the world’s 100 most influential corporate venturing leaders by Global Corporate Venturing, a business venture capital magazine and website.
The magazine named Coburn to its inaugural Powerlist 100, citing his leadership of Cleveland Clinic Innovations, the corporate venturing arm of Cleveland Clinic, since its inception 12 years ago.
“From its founding more than 90 years ago, Cleveland Clinic’s leaders have consistently embraced an entrepreneurial culture that encourages and rewards discovery,” said Coburn. “It is that remarkably innovative spirit that has helped make Cleveland Clinic an international leader in corporate venturing and technology commercialization. While this recognition is largely based on past accomplishments, we look forward to 2013 and beyond with great anticipation as the Clinic’s innovation engine has reached record levels. With our terrific team fully in place, we will rapidly translate those innovations into patient-benefiting outcomes.”
Cleveland Clinic Innovations is responsible for company creation, business development and commercialization of all medical technology throughout Cleveland Clinic. Since it was founded in 2000, Cleveland Clinic Innovations has filed over 1,800 patent applications, has transacted nearly 450 licenses and has 55 spin-off companies that have received about $700 million in equity investment. Nearly 1,000 jobs have been generated as a result of Cleveland Clinic Innovations and its spin-offs, having a significant impact on the economic growth in Northeast Ohio.
Cleveland Clinic Innovations also has developed a national Innovation Alliance network to help commercialize medical innovations at other institutions. The Alliance forms collaborations with health systems throughout the United States to rapidly commercialize medical innovations. Through the Alliance structure, organizations leverage the experience and expertise of their partners to significantly accelerate the process of delivering patient benefiting technologies and services.
About Cleveland Clinic
Cleveland Clinic is a nonprofit multispecialty academic medical center that integrates clinical and hospital care with research and education. Located in Cleveland, Ohio, it was founded in 1921 by four renowned physicians with a vision of providing outstanding patient care based upon the principles of cooperation, compassion and innovation. Cleveland Clinic has pioneered many medical breakthroughs, including coronary artery bypass surgery and the first face transplant in the United States. U.S.News & World Report consistently names Cleveland Clinic as one of the nation’s best hospitals in its annual “America’s Best Hospitals” survey. About 2,800 full-time salaried physicians and researchers and 11,000 nurses represent 120 medical specialties and subspecialties. Cleveland Clinic Health System includes a main campus near downtown Cleveland, eight community hospitals and 18 Family Health Centers in Northeast Ohio, Cleveland Clinic Florida, the Lou Ruvo Center for Brain Health in Las Vegas, Cleveland Clinic Canada, and opening in 2013, Cleveland Clinic Abu Dhabi. In 2010, there were 4 million visits throughout the Cleveland Clinic health system and 167,000 hospital admissions. Patients came for treatment from every state and from more than 100 countries. Visit us at www.clevelandclinic.org. Follow us at www.twitter.com/ClevelandClinic.
Joe Milicia, 216.636.5873, email@example.com