University Hospitals Joins Plug and Play Cleveland Innovation Platform As Founding Anchor Partner
Monday, July 02, 2018
CLEVELAND, OHIO, June 29, 2018/Plug and Play Cleveland/ – University Hospitals will become the newest member of Plug and Play Cleveland, joining Cleveland Clinic and JumpStart Inc. as a Founding Anchor Partner of the innovation platform.
Plug and Play Cleveland is a global accelerator program and venture capital firm connecting startups, corporations and investors from around the world. Plug and Play partners with organizations such as University Hospitals to provide a powerful network of expert mentorship for startup companies.
As a Founding Anchor Partner of Plug and Play Cleveland, University Hospitals will have access to a global network of startups working to develop innovative and impactful technologies. Startups will look to UH as a proving ground for new health-oriented technologies, services, or tools.
“We are excited to partner with Plug and Play, a world-class organization with a proven track record,” said Dr. Eric Beck, President of UH Ventures, the hospital system’s division to develop innovative new business models to benefit patients and grow new revenue for the health system.
“We will support early-stage and start-up operations pioneering the next generation of patient-centric tools and business technologies that will help raise the standard of care and deliver higher-quality outcomes, while giving us an opportunity to be in on the ground floor of these innovations,” said Beck.
UH Ventures, which launched last year, evaluates opportunities through partnership, investment, collaboration and other arrangements to further UH’s strategic plan, while managing a portfolio of assets to maximize growth.
UH is one of the nation’s leading health care systems, providing high-quality, patient-centered medical care at more than 200 locations throughout Northeast Ohio. The UH network serves over 1.2 million individual patients, performs more than 10.9 million outpatient procedures and had more than 142,000 discharges last year. The system’s flagship UH Cleveland Medical Center is ranked in the top 50 in the United States in 11 different specialties. It is a leading academic medical center with more than 1,800 active clinical research studies.