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The Medical Mile | 3D printing | Indoor farming | Drive Capital

“When you look at a city, it’s like reading the hopes, aspirations and pride of everyone who built it.” — Hugh Newell Jacobson, Grand Rapids architect

 

Today’s itinerary:

  • The Medical Mile
  • Case Western at CES
  • Estimator tools for 3D printing
  • Drive Capital is taking the wheel
  • Building a product in public
  • Fueling the Future
  • Name that Flyover City!

January 28, 2021

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LAYOVER IN GRAND RAPIDS

Medical Mile: Transforming a city 

A 15-Year-Old Entrepreneur Impresses the Sharks - Shark Tank

The Medical Mile (image courtesy CC BY-SA 4.0) 

 

The burgeoning healthcare and life sciences corridor in Grand Rapids was initially dubbed the Michigan Street corridor. But in 2019, the city gave the stretch between Monroe and College avenues the commemorative designation of “Medical Mile.”

 

And it deserves that designation: Over the last decade, medical and education institutions have invested more than $1 billion into Medical Mile, turning it into a world-class healthcare destination. In addition to many hospitals and research centers, Medical Mile is also home to educational institutions dedicated to medical science, such as Michigan State University, Ferris State University, Grand Rapids Community College, and Grand Valley State University.

 

The thousands of people working in healthcare in Grand Rapids are part of the economic and technological transformation of the city. In a stroll down the street, you will encounter medical students, medical residents, pharmacy and allied health professionals, and even art and design students who are creating 3D medical modeling tools.

 

The corridor began in 1996 with the founding of Van Andel Institute, a 501(c)(3) nonprofit biomedical research and science education organization that studies diseases such as cancer, diabetes, and Parkinson’s disease. That jumpstarted a multi-million dollar investment in the area.

 

Spectrum Health made a $85 million commitment to bring the new Michigan State College of Human Medicine to Grand Rapids. From there, the area rapidly grew, drawing medical professionals from around the world.

 

MSU is currently expanding its presence in the area. By this Fall, they expect to complete construction on the $85 million, six-story, 200,000-square-foot Doug Meijer Medical Innovation Building.

 

Jeremiah Gracia, the Economic Development Director for the city of Gran Rapids, said, “The development of the Medical Mile over the last 20 years has made Grand Rapids a renowned healthcare destination. The clinical, research, and academic institutions that line the Medical Mile attract medical professionals and businesses from around the globe. This has contributed to West Michigan securing the highest concentration of medical device manufacturers in the state.”

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PUDDLE HOPS

Case Western at CES

Case Western University in Cleveland had a big presence at this year's all-virtual CES. The list of their exhibitions included 3D-printed violins made at one-quarter size for children, a neuro-fitness tool, an AR creator that offers interactive experiences for products and services, and much more.

Estimator tools for 3D printing

PA-based ExOne has launched a new online estimating tool for companies considering moving production of metal parts to high-speed binder jet 3D printing.

Drive Capital drives midwest startups 

Columbus-based venture firm Drive Capital now manages $1.2 billion and is receiving interest from 7,000 startups each year. You can read about their road to success here.

Building a product in public

Nebellum, an indoor farming company in Ames, Iowa has begun a Building in Public (BIP) program. Through it startups can build a product or service in public, which allows people to see the development process, management and metrics.

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FUELING THE FUTURE

What is fueling Flyover Country innovation? In this weekly feature, we share a variety of announcements covering funding, acquisitions, exits, grants, and everything in between. Got something to celebrate? Click here to share your story.

  • Des Moines computer vision startup Roboflow raised $2.1 million in a new seed round led by Craft Ventures and Lachy Groom. The simplifies the process of building computer vision models.
  • Kansas-based DDSports Inc. which offers ShotTracker, a sports technology that captures rich performance data via sensors and provides statistics and analytics with sub-second latency, has announced an $11 million funding round led by Evertz Technologies Limited and Verizon Ventures.
  • The USCOT is granting $1.9 million to this year’s Small Business Innovation Research (SBIR) program, which contracts annually with small businesses to spur research and commercialization of transportation technologies.
  • In order to expand is operations in North America, Germany company Leadec has acquired Louisville’s Diversified Automation, an automation controls and software solution provider.
  • Eli Lilly & Co. is investing $30 million in a new venture capital firm
    that will fund minority-owned, early-stage health-care companies.

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NAME THAT FLYOVER CITY!

It's time for our favorite trivia game!

 

Here are this week's questions:

  1. What city has the world’s largest bicycle museum?
  2. What was banned in Cincinnati in 1979, had a one day exemption in 2002, and then allowed for good in 2004?
  3. Actor Bill Murray is part owner of a minor league baseball team in what city?

Click here for today's answers.

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