JumpStart Inc. Invests in Synapse Biomedical.CLEVELAND -- JumpStart Inc., Northeast Ohio's regional entrepreneurial development and funding organization, announced an investment in Synapse synapse (sĭn`ăps), junction between various signal-transmitter cells, either between two neurons or between a neuron and a muscle or gland. A nerve impulse reaches the synapse through the axon, or transmitting end, of a nerve cell, or neuron. Biomedical bi·o·med·i·cal adj. 1. Of or relating to biomedicine. 2. Of, relating to, or involving biological, medical, and physical sciences. , a northeast Ohio based medical device company focused on the development and commercialization of minimally invasive neurostimulation technologies for the diagnosis and treatment of neurodegenerative disease Neurodegenerative disease A disease in which the nervous system progressively and irreversibly deteriorates. Mentioned in: Amnesia . JumpStart's investment, along with investments from other parties, brings the total amount invested in Synapse to-date to $1,325,000. Other investors include Case Western Reserve University's Case Technology Ventures fund, University Hospitals of Cleveland University Hospitals is a major not-for-profit medical center in Cleveland, Ohio, United States. With 150 locations throughout northeast Ohio, it encompasses a network of hospitals, outpatient centers and primary care physicians. , Scitech of Columbus, Palo Alto Palo Alto, city, California Palo Alto (păl`ō ăl`tō), city (1990 pop. 55,900), Santa Clara co., W Calif.; inc. 1894. Although primarily residential, Palo Alto has aerospace, electronics, and advanced research industries. Investors, and other regional and local investors, including M. Louis Tabickman, John Krystowski and Don Stallard. Synapse first gained recognition when Christopher Reeve became one of the first patients to be treated with the company's proprietary diaphragm pacing technology, which enables patients who are dependant on Adj. 1. dependant on - determined by conditions or circumstances that follow; "arms sales contingent on the approval of congress" contingent on, contingent upon, dependant upon, dependent on, dependent upon, depending on, contingent mechanical ventilators to breathe on their own. The procedure was performed at University Hospitals of Cleveland. Synapse is currently conducting multiple clinical studies using its diaphragm pacing technology on patients with spinal cord injury Spinal Cord Injury Definition Spinal cord injury is damage to the spinal cord that causes loss of sensation and motor control. Description Approximately 10,000 new spinal cord injuries (SCIs) occur each year in the United States. and ALS Als (äls), Ger. Alsen, island, 121 sq mi (313 sq km), Sønderjylland co., S Denmark, in the Lille Bælt, separated from the mainland by the narrow Alensund. (Lou Gehrig's Disease Lou Geh·rig's disease n. See amyotrophic lateral sclerosis. ). The company has plans to treat other medical disorders, including chronic pain and reflux disease. "This investment provides a solid base; helping Synapse build a sustainable company by achieving its initial goal of bringing the technology to the market," said Tony Ignagni, President and 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. , Synapse Biomedical. "The completion of this financing is another step in continuing our efforts to develop and expand our technology platform. We are excited to have the ability to extend our technology to treat additional areas of significant medical need." "Synapse Biomedical is a company that is poised to have a significant impact on the lives of people suffering from spinal cord injuries and ALS," said Nick Frollini, Assistant Vice President for Technology Transfer at Case and Managing Director of Case Technology Ventures. "We are delighted to be part of a group of investors enabling Synapse to take the next step in its development." "The Synapse investment is yet another shining example of the strength of Bio/Med technologies in Northeast Ohio," stated JumpStart CEO Ray Leach. "We are pleased to be involved in further commercializing this promising work." JumpStart's previous investments include Ayalogic, Inc., ComSense Technology, Inc., Day-Day, Ltd., Embrace Pet Insurance, Heritage Fare, Delta Plant Technologies, PreEmptive Solutions PreEmptive Solutions is a company that is focused on protecting and increasing the value of applications. It was founded in 1996 and today has over 3,000 corporate clients in over 100 countries. PreEmptive Solutions produces DashO, Dotfuscator and SO-signal. , Inc., and Stanton Advanced Ceramics. About Synapse Biomedical Synapse Biomedical (www.synapsebiomedical.com), a northeast Ohio based medical device company focused on the development and commercialization of minimally invasive neurostimulation technologies for the diagnosis and treatment of neurodegenerative disease. About JumpStart Inc. JumpStart (www.jumpstartinc.org) accelerates the growth of early-stage businesses and ideas into venture-ready companies by delivering vital, focused resources to entrepreneurs in Northeast Ohio. JumpStart identifies and invests in early-stage companies that have strong potential in the marketplace, solid prospects for high growth, and are likely to qualify for later-stage funding. Beyond investing, the JumpStart team provides a continuum of business development services to its client companies to help ensure their success. About Scitech The Science and Technology Campus Corporation (Scitech) (www.stcc.org) is a growing network of new and refurbished buildings on the West Campus of The Ohio State University Ohio State University, main campus at Columbus; land-grant and state supported; coeducational; chartered 1870, opened 1873 as Ohio Agricultural and Mechanical College, renamed 1878. There are also campuses at Lima, Mansfield, Marion, and Newark. . The campus was established for the commercialization of new technologies and to promote research and development with commercial applications. The Scitech facilities provide common ground for the interaction of the tenant corporations with academic and industrial research and development institutions. The Scitech campus is a center of leading-edge innovation in applied science and technology, and a source of present and future economic growth for Ohio, Columbus and The Ohio State University. About Case Western Reserve University Case (www.cwru.edu) is among the nation's leading research institutions. Founded in 1826 and shaped by the unique merger of the Case Institute of Technology and Western Reserve University, Case is distinguished by its strengths in education, research, service, and experiential learning. Located in Cleveland, Case offers nationally recognized programs in the Arts and Sciences, Dental Medicine, Engineering, Law, Management, Medicine, Nursing, and Social Sciences. About University Hospitals University Hospitals Health System's (www.uhhs.com) 947-bed, tertiary medical center, University Hospitals of Cleveland (UHC UHC UnitedHealthcare UHC United Health Care UHC University Hospitals of Cleveland UHC United Hitech Corporation UHC Udvar-Hazy Center (National Air and Space Museum) UHC University Health/System Consortium UHC Unburned Hydrocarbons ), is an affiliate of Case Western Reserve University (Case). Together, they form the largest center for biomedical research in the State of Ohio. The System provides the major clinical base for translational researchers at the Case Research Institute, a partnership between UHC and Case School of Medicine, as well as a broad and well-characterized patient population for clinical trials involving the most advanced treatments. |
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