A quarterly update on VGV portfolio companies, partners, and industry trends.
MedaSync Investment has Youngstown Ties
MedaSync, a leader in AI software solution for skilled nursing operators, recently brought in $250K of new investment with Youngstown connections.
Aztec Capital Management added the AI software solution to their exclusive portfolio, already comprised of Anchor by DatAnchor and Comeback Capital. Aztec includes members of the Bushey family who are based in Youngstown and very active in the community.
Two angel investors, Phillip DePaul and Jeff Bleacher, who both grew up in the Youngstown region also invested in the AI software solution.
“We’re using technology to keep nurses away from administrative manual workflows and in front of patients,” says Ryan Edgerly, CEO of MedaSync. "It's amazing to have more NE Ohio investors involved and is a testament to MedaSync’s ability to help skilled nursing operators strengthen their businesses and improve the patient care experience.”
Funds from the investment will further MedaSync’s growth plans while giving operators enhanced access to MedaSync’s technology. To stay up to date follow MedaSync on LinkedIn.
S4 Medical Large Scale Human Trial
S4 Medical Corp. began its first large scale clinical trial in September 2021 with clinical sites at The Ohio State University Ross Heart Medical Center, ProMedica with Dr. Kahaly and the EP team in Toledo OH, and most recently at Grandview Medical Center - Birmingham, AL with Dr. Osorio, Dr. Morales, Dr. McVey and others.
The company's main focus is a simple, yet comprehensive solution for reducing complications to the esophagus during catheter ablation treatment for atrial fibrillation. S4 Medical has already achieved several important milestones including first-in-human testing, securing intellectual property, and demonstration of compatibility with electrophysiology systems. It is not yet approved for commercial use.
For more information, visit www.S4medical.com or follow S4 Medical on LinkedIn and Twitter for more company updates.
YBI's Youth Entrepreneurship Programs Receives National Recognition
The Youngstown Business Incubator's Youth Entrepreneurship Program, led by Tanisha Wheeler, was named to the “Inc. 2021 Best in Business” list. The program began in January 2021 with a 15-week cohort, The LaunchPad.
Programming included general entrepreneurship and building a business model, as well as leadership, teamwork and communications skills. Of the 25 students enrolled in the program, 14 registered their businesses with the secretary of state, got employer identification numbers, and learned about financial literacy and the cost of doing business.
Visit www.ybi.org for more information or follow YBI on LinkedIn to stay up to date.
Intel Invests $20 Billion in Massive Semiconductor Factory in Ohio
Intel announced plans to build two new leading-edge chip factories in Ohio, making it potentially the world's largest chip-making complex.
The $20 billion initial investment will help boost production to meet the surging demand for advanced semiconductors. Intel also pledged up to an additional $100 million toward partnerships with educational institutions to build a pipeline of talent and bolster research programs in the region.