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You are here: Home / Business/Financial News / Cleveland Medical lands $60,000 from Cuyahoga County entrepreneurial fund

Cleveland Medical lands $60,000 from Cuyahoga County entrepreneurial fund

August 2, 2010 By MedCity News Leave a Comment

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The Cuyahoga County New Product Development and Entrepreneurship Loan Fund awarded Cleveland Medical Devices Inc. $60,000 to step up commercialization of the company’s SleepView device for sleep apnea screening at home.

CleveMed has a lineup of wireless diagnostic sleep systems, including SleepView, which is the smallest and lightest home sleep monitor with an American Academy of Sleep Medicine-recommended Type 3 channel set.

“This is all about, how do we start to commercialize this more?” said CleveMed chairman Bob Schmidt. “We want to expand from the hundreds of places [where the device is used] now to thousands of places.”

CleveMed develops innovative biomedical signal processing and instrumentation devices for sleep and movement disorders, like Parkinson’s.

The Manufacturing Advocacy & Growth Network, known as MAGNET, administers the Cuyahoga County loan fund. The organization will distribute $470,000 across 12 companies from the latest round of funding from the program.

Filed Under: Business/Financial News, News Well, Respiratory Tagged With: CleveMed, Sleep Monitoring/Sleep Apnea

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