BioEnterprise

BioEnterprise is a business formation and acceleration initiative based in Cleveland, Ohio, focused on fostering the growth of healthcare companies and commercializing bioscience technologies. Established in 2002, it collaborates with prominent partners, including Cleveland Clinic, University Hospitals, Case Western Reserve University, Summa Health System, and the BioInnovation Institute in Akron. The initiative also engages with additional technology partners such as the NASA Glenn Research Center and Cleveland State University. BioEnterprise supports emerging medical device, biotechnology, and healthcare services firms by directing resources and networks from its partners to select companies each year, aiming to enhance their business success. Although it operated as a not-for-profit venture capital firm until April 2023, BioEnterprise continues to play a vital role in the commercialization efforts of its partners' technology transfer offices.

Tom Shaughnessy

Director of Biomedical Manufacturing

1 past transactions

Cotex Technologies

Seed Round in 2021
COTEX Technologies is an agri-tech company focused on revolutionizing the fertilizer industry through its innovative coating technology. The company specializes in developing low-cost, controlled-release polymer-coated fertilizers designed to enhance crop production. By applying delayed-release biodegradable coatings to fertilizer pellets using a high-speed continuous process, COTEX Technologies significantly reduces coating costs by 30% to 90% compared to competing methods. This approach not only provides farmers with affordable and effective fertilizer solutions but also addresses a substantial market opportunity within the coating sector, which is valued at over $10 billion.
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