Airway access device startup LifeServe Innovations has received a $75,000 grant from the Innovation Fund of the Lorain County Community College Foundation.
The Cleveland startup is aiming its device at helping anesthesiologists in critical care bedside situations perform tracheotomies, surgical procedures in which a hole is created in a patient’s windpipe through the neck.
LifeServe will use the new funding to develop and manufacture a clinical-stage prototype of the device, according to a statement from LaunchHouse, a local incubator that has funded the company.
When Investment Rhymes with Canada
Canada has a proud history of achievement in the areas of science and technology, and the field of biomanufacturing and life sciences is no exception.
The company believes its devices can help doctors perform bedside airway-access procedures more quickly, easily and safely than tracheotomy kits on the market now.
The Innovation Fund obtains its funding from Ohio’s Third Frontier technology support program and also several Northeast Ohio sources.
