Arboretum Ventures Announces Opening of Cleveland, OH Office and Hiring of Jon J. Snyder as Venture Partner.ANN ARBOR, Mich. & CLEVELAND -- Arboretum arboretum: see botanical garden. arboretum Place where trees, shrubs, and sometimes herbaceous plants are cultivated for scientific and educational purposes. An arboretum may be a collection in its own right or a part of a botanical garden. Ventures, headquartered in Ann Arbor, Michigan  “Ann Arbor” redirects here. For other uses, see Ann Arbor (disambiguation). Ann Arbor is a city in the U.S. state of Michigan and the county seat of Washtenaw County. , announced today that it has opened an office at the BioEnterprise facility in Cleveland, OH. The office will be managed by Jon J. Snyder, who is joining Arboretum Ventures as a venture partner. Arboretum Ventures is an early-stage venture capital firm focused primarily on investments in medical technology and healthcare services. Arboretum Ventures founder and Managing Director, Jan Garfinkle said, "We are excited about the investment activity in Ohio. Having a presence in Ohio will further our strategy of investment in companies that address large, growing patient populations, create less-invasive, easier-to-use medical products and services, and develop products and services that lower the overall cost of healthcare." Tim Petersen, Managing Director at Arboretum added, "We are also excited about Jon joining us, because of his industry experience, his continued involvement with BioEnterprise, a key developer of health care ventures in the region, and his exposure to early-stage and start-up investment opportunities." Mr. Snyder brings over 20 years of management experience in biomedical bi·o·med·i·cal adj. 1. Of or relating to biomedicine. 2. Of, relating to, or involving biological, medical, and physical sciences. and healthcare sales and marketing with significant experience in bringing new products into the marketplace. His background covers business development, product development, market management, and sales management. He has helped launch and manage products in the neurology, neurosurgery neurosurgery /neu·ro·sur·gery/ (noor´o-sur?jer-e) surgery of the nervous system. neu·ro·sur·ger·y n. Surgery on any part of the nervous system. , urology, gynecology, gastroenterology, plastic surgery, spine, endoscopy endoscopy Examination of the body's interior through an instrument inserted into a natural opening or an incision, usually as an outpatient procedure. Endoscopes include the upper gastrointestinal endoscope (for the esophagus, stomach, and duodenum), the colonoscope (for the , sterilization, and infection prevention markets at small and large companies including Cyberonics, Cardinal Health, Imalux, and STERIS. Mr. Snyder has a B.S. in Communication from Ohio University. He joined BioEnterprise in January 2008, as CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. in Residence where he presently identifies promising early stage opportunities, shapes the business concept, leads fundraising, and company initiation, targeting the neurostimulation market. Baiju Shah, president and CEO of BioEnterprise, said, "We are very pleased to have Arboretum Ventures become a part of the investment landscape here in Cleveland and in Ohio. Their investment partners have decades of experience within healthcare and entrepreneurial companies. In addition, their advisors include the past and current CEOs of two of the largest medical device companies, Medtronic and Guidant. Arboretum Ventures has the resources and expertise to help their portfolio companies achieve success. With Jon joining Arboretum, they will have an outstanding addition to their investment team due to his extensive industry experience." About Arboretum Ventures Arboretum Ventures is an early-stage venture capital firm specializing in the healthcare sector. Arboretum Ventures focuses primarily on investments in medical technology and healthcare services. Arboretum invests throughout the United States, with a special interest in the Midwest region. Founded in 2002 with headquarters in Ann Arbor, Michigan, Arboretum Ventures currently manage $85 million in capital. Arboretum Ventures will locate their Cleveland office at the BioEnterprise Building, 11000 Cedar Avenue, Suite, 100, Cleveland, Ohio. www.arboretumvc.com About BioEnterprise BioEnterprise is a business formation, recruitment, and acceleration effort designed to support the growth of bioscience companies. Located in Cleveland, BioEnterprise provides management counsel and support services support services Psychology Non-health care-related ancillary services–eg, transportation, financial aid, support groups, homemaker services, respite services, and other services to health care companies. BioEnterprise's partners are Case Western Reserve University, Cleveland Clinic, University Hospitals, and Summa Health System Summa Health System is one of the largest organized delivery systems in Ohio, encompassing a network of hospitals, community-based health centers, a health plan, a physician-hospital organization, an entrepreneurial entity, research and medical education and a foundation. . Additional technology partners include the NASA NASA: see National Aeronautics and Space Administration. NASA in full National Aeronautics and Space Administration Independent U.S. Glenn Research Center The Glenn Research Center (more correctly, the NASA John H. Glenn Research Center at Lewis Field) is a NASA center, located in Cleveland, Ohio between Cleveland Hopkins International Airport and the Rocky River Reservation (part of the Cleveland Metroparks). , Cleveland State University Cleveland State University, at Cleveland, Ohio; coeducational; founded 1964, incorporating Fenn College (est. 1923). The Cleveland-Marshall School of law was incorporated in 1969. , NorTech, and BioOhio. The initiative comprises the collective activities of BioEnterprise and its partners' commercialization offices: the Case Office of Technology Transfer, Cleveland Clinic Innovations, University Hospitals Case Medical Center - Center for Clinical Research and Summa Enterprise Group. The combined efforts of these groups created, recruited, and accelerated more than 60 companies in five years. www.bioenterprise.com |
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