Global Cardiovascular Innovation Center is partly funded by the State of Ohio's Third Frontier Project.
Global Cardiovascular Innovation Center , partly funded by the State of Ohio's Third Frontier Project, will invest $1 million in the three Israeli cardiovascular devices start-ups. The investment amounts to 60% of the companies' financing round.
GCIC will provide financing for Cardiostar Ltd., which is developing a non-invasive sensor for a range of cardiological activities; Sensible Medical Innovation Ltd., which is developing a device for continuous and dynamic imaging of the heart; and Vasostar Ltd., which is developing a method to fully clear blocked arteries using an improved catheter.
GCIC is a product commercialization consortium led by the Cleveland Clinic, a leading US heart center. The consortium aims to foster the development of cardiology companies in Ohio.
Published by Globes [online], Israel business news - www.globes-online.com - on May 25, 2009
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