Bringing medical innovation to the market requires extensive expertise that contributes to a successful launch and sustainable business model.
It also requires finding the right partners, experts, and resources that will guide your go-to-market strategy. Kinetic, Healthcare Innovation in Motion is a partnership between Northeast Ohio Medical University and Bounce Innovation Hub formed to develop, support, and accelerate innovations in healthcare and life sciences across Ohio and throughout the Midwest. We engage proven and experienced health tech Entrepreneurs-in-Residence and advisors to deliver a wide variety of support services.
81% of Kinetic clients set a preliminary or amended regulatory pathway and 2 startups submitted a product for FDA approval in 2024.
Comprehensive Approach
Kinetic leverages NEOMED’s state-of-the-art facilities and equipment, Bounce Innovation Hub’s commercialization expertise, and the combined clinical and industry networks of both partners.
Product Development
Access to state-of-the-art facilities and equipment and invention-to-commercialization product development expertise at NEOMED and Bounce through a fee-for-service or lease model
Commercialization
Access to commercialization support by experts, which includes support with ideation, concept generation, market analysis, prototyping and testing, business plan development, fundraising, regulatory and go-to-market strategy.
Connections
Access diverse clinical, institutional, and industry partners for licensing, advice, key opinion leaders, and new product adoption.
Resources
Prototyping & Testing Facilities
The offerings listed below can be accessed at startup-friendly fees, some of which are scoped on an individualized basis.
MEDIC Innovation Lab: The Medical Design Innovation Center (MEDIC) at NEOMED supports the needs of bioinnovators across Northeast Ohio by providing space, tools, know-how and education. It’s the ideal place to develop prototypes of medical devices for testing and refinement. Click here for a comprehensive resource list.
REDIzone: Provides comprehensive support for regional life science entrepreneurs and early-stage biomedical companies offering state-of-the-art lab and administrative spaces.
Wet Laboratory and Office Space at Bounce Innovation Hub: Laboratory space includes fume hood, sink/water, casework and lab benches. Office spaces are available at a variety of sizes.
Entrepreneurs-in-Residence
Bounce’s EIRs are experienced startup founders who have successfully scaled their own companies. Healthtech EIRs include both individuals and consulting firms that help you set goals and milestones, build operational momentum, and engage with the NEO entrepreneurial ecosystem. Their industry expertise and personal network connections can support you in all stages of your startup venture.
Professional Services
Receive free and discounted professional services, including FDA regulatory and reimbursement strategy, basic quality management systems, pitch deck development and refinement, financial projections, marketing, legal, and human resources support. Bounce staff and EIRs can help you identify your needs to determine what services can best support you.
* Startups still within their Launch Pad period do not get access to free services.
Workshops & Assistance
Receive priority access to Bounce’s Beyond Startup Workshop Series, a hands-on workshop series helping entrepreneurs achieve their next level of growth. These workshops are held twice per month and cover essential topics like branding, marketing, sales and accounting. You’ll also receive access to the Help Desk where facilitators work one-on-one with entrepreneurs to complete business certifications or required federal filings.
Connections to Clinicians & Industry
Clients engaged with Kinetic have access to a broad range of clinical and industry experience.
These may include Northeast Ohio Medical University’s affiliate partner hospitals, other regional or nationwide hospital systems, corporate and industry partners, and other entrepreneurial support and venture capital providers.
In 2024, Bounce was awarded a Regional Innovation Cluster award from the Small Business Administration. Through this work, we are growing an innovation ecosystem cluster through our Kinetic network and partners to enhance support for health tech startups developing new materials. Cluster partners include Northeast Ohio Medical University, Jumpstart, Project MedTech, Wave Strategy, the Polymer Industry Cluster and many others.
Funded in part through a Contract with the U.S. Small Business Administration.
Additional Client Benefits
Free Coworking
You’ll gain access to Bounce’s Generator (coworking facility) at no additional cost. The Generator houses two floors of open coworking space, private offices, event and meeting spaces.
Conference Rooms
Receive 3 credit hours of conference room space per month to hold team, board, advisor, or investor meetings in a professional setting. These credits can be used to reserve Bounce’s small conference rooms; you’ll also get reduced rates on our larger event spaces and classrooms.
Community
Participate in additional opportunities for in-person and virtual engagement with other Ohio-based startup founders within their industry, including bi-monthly happy hours and networking events, and a dedicated Slack channel for Bounce founders.
We believe in the power of founders.
At Bounce Innovation Hub, we equip talented founders with essential tools and resources to navigate the complexities of entrepreneurship.
Our tailored programming supports each stage of your journey, fostering critical thinking and encouraging innovative solutions. By prioritizing your development, we create a dynamic environment where you can thrive, make informed decisions, and drive impactful change.