Ohio’s Rapid Growth in Medical Device Innovation

Medical Device & Diagnostic Industry (MD+DI), a monthly magazine written exclusively for original equipment manufacturers of medical devices and in vitro diagnostic products, recently recognized Ohio's global leadership in medical device innovation.

Ohio is home to more than 300 medical device companies -- and nearly 55% of the state’s 1,628 bioscience firms are medical device manufacturers, medical labs, or diagnostics imaging centers, according to data in nonprofit group BioOhio’s 2009 bioscience growth report. In 2008, these combined subsectors employed 24,665 people, reported MD+DI.

Medical devices represent just one sector of Ohio's leading bioscience and bioproducts industry -- which includes research, development and marketing of pharmaceuticals, diagnostics, bioinformatics, bioproduct materials, manufacturing, medical devices, medical equipment, services based on biotechnology, computer systems and software for managing healthcare and other health-related products.

Based on the color model established by European bioscience leaders, Ohio's strength in the Red (health), Green (agriculture) and White (industrial) bioscience industry sectors stimulates innovation, promotes cross-collaboration and provides cost-effective solutions to scientific challenges.

Click here to read the full story about Ohio's growing leadership in medical device innovation from MD+DI.

Ohio Bioscience Industry Leads Midwest, Among Best in Nation

While other states jockeyed for position on Business Facilities Magazine’s second-annual Biotechnology Strength Report, Ohio defended its ranking as best in the Midwest and No. 4 in the nation for its strengths in the bioscience industry.

Ohio’s exceptional bioscience ranking is in part due to updated estimates of overall biotechnologies economic impact, incentives, academic research expansion, major new initiatives, growth potential and employment numbers. Business Facilities Magazine’s report further validates Ohio’s standing as a national leader in the bioscience industry.

Ohio’s strength across all biotechnologies sectors – represented by the Red (health), Green (agriculture) and White (industrial) color model established by European biotechnologies leaders – is a leading reason behind its national performance in the bioscience industry.

Learn more how business leaders are realizing Ohio’s strength in the bioscience industry and other industries. Ohio offers the perfect balance to successfully growing a business and still enjoying life.

Red, Green, and White Bioscience

Ohio continues to establish its international leadership role in the bioscience industry.

According to a recently released analysis by Cleveland-based BioEnterprise, Ohio has become the leading state between the coasts and one of the top five in the nation for healthcare venture capital firms, a key measurement in the strength of bioscience economies. Ohio bioscience companies in 2007 attracted $296 million in venture investments.

Ohio’s strength in bioscience is no secret to the rest of the world, as evidenced by the first-ever annual meeting of the National Agricultural Biotechnology Council coupled with the bi-annual Ohio Polymer Summit in Columbus on June 3-5. This conference highlights Ohio’s growing global dominance in the convergence of the health, agriculture and industrial sectors of the bioscience industry, the Red, Green, and White sectors that comprise Ohio bioscience.

Based on the color model established by European bioscience leaders, Ohio’s strength in the Red (health), Green (agriculture), and White (industrial) bioscience industry sectors stimulates innovation, promotes cross-collaboration and provides cost-effective solutions to scientific challenges.

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Help Wanted: Recruiting Top Talent

Chemical Abstracts Service (CAS), a division of the American Chemical Society and the global leader in chemical information, provides the most comprehensive databases of publicly disclosed research in chemistry and related sciences.

With more than 1,400 employees in Columbus, Ohio, CAS is a leading employer in the state. CAS employees are highly trained scientists who create and deliver the most complete and effective digital information environment for scientific research and discovery. CAS employees come from all corners of the world and speak more than 50 languages.

Recently, I spoke with Bob Massie, president of CAS, who shared with me his insights about recruiting top talent to Ohio.

Q: How important is positive work:life balance to your top talent recruiting efforts? Please share your thoughts.