Five companies receive funding from LCCC foundation

By: | Tags: | Comments: 0 | October 15th, 2010

By Morning Journal Staff
Source Article

ELYRIA — Five companies shared in $275,000 awarded from the Lorain County Community College Foundation Innovation Fund yesterday.

It was the ninth round of funding from the Innovation fund, which has invested more than $2.65 million in 39 companies in Northeast Ohio, according to an LCCC release.

* ReQuisite, of Cleveland, received $100,000 to develop balloons and stents from non-toxic natural compounds to release drugs in diseased cardiac blood vessels to promote healing.

* Thermalin Diabetes, of Cleveland, received $100,000 to create a new generation of insulin-like treatments for diabetes.

* ADAP Nanotech, of Akron, received $25,000 for its work on a conductive adhesive for metals.

* AMIDAC Global, of Cleveland, received $25,000 to develop a wireless welding ignition system.

* Lifemedix, of Akron, received $25,000 to create a hand-held intravenous pump to resuscitate patients suffering from low blood pressure due to shock.

The Innovation Fund awards are made with money from Ohio’s Third Frontier Program, the Ohio Department of Development, the University of Akron, Youngstown State University, the Youngstown Business Incubator, the Great Lakes Innovation and Development Enterprise, JumpStart, Techlift and the Lorain County Commissioners.