NCIC CapitalFund recently
made an investment in
ClearMedical, Inc. a Bellevue, Washington-based company that specializes in
reprocessing non-invasive medical devises for the health care industry.
As a result of the financing, ClearMed will open its second regional
reprocessing center, this one to be located in the
ClearMed has received $7.2
million in venture capital led by Integra Ventures, a
ClearMed uses a high level
proprietary disinfecting process on Class I and Class II medical devises.
This unique process is ISO 9001 certified and fully compliant with
the guidelines of the Food Drug Administration and the Centers for Disease
The company was founded in
1969 as a manufacturer of disinfectant equipment for the health care
industry. ClearMed amended its
business model in1997 to one that provides processing services.
Unlike larger competitors that use a sterilization technique,
ClearMed relies solely on pasteurization and, therefore, cleans only those
non-invasive devices that come in contact with the skin.
Since 1995 NCIC
CapitalFund has made 55 rounds of investment in 29 companies totaling $15
Corporation, a developer of advanced intelligent document solutions
headquartered in downtown
Phase I, the focus of the program was the application of Cohesia’s
web-based MASS® system to the First Article Inspection (FAI) process for
GE’s jet engine components. MASS®
is Cohesia’s Management & Application of Specifications &
Standards system which provides electronic, web-based capability for the
interpretation, distribution, and management of data for complex engineered
products. GE Aircraft Engines
will employ MASS® to generate Master Specifications™ for use throughout
its supply chain and with production component suppliers worldwide.
pleased for the opportunity to continue our relationship with GE," said
Dan Z. Sokol, Cohesia President and CEO.
"After application to the First Article Inspection process,
follow-on efforts will push MASS® upstream as an integral part of the
design and new product introduction processes as well as the key mechanism
for on-going characteristic accountability in the manufacturing
CapitalFund was the first venture fund to invest in Cohesia in 1996 and has
made two additional investments since that time.
President Frank Winslow, who serves as a community representative on the
committee, said that the County's commitment to the I-75/Austin Road
interchange was critical in moving this project forward as well as helping
to gain final state approval for the project.
10 other projects totaling over $2 million were approved for funding.
to Moto Franchise Corporation for renovations at its Trotwood headquarters.
to provide site improvements to a building in the
for Eurand, a Vandalia pharmaceutical company, to build a production
facility for its quick-dissolve technology.
for building improvements at Stanhope Desiccant plant in Brookville.
for renovations at Dayton Polymeric Products.
for the Mound in
to help CityWide Development Corporation purchase a building connected to
to assist the Dayton Rehabilitation Institute establish a 50-bed acute
rehabilitation hospital at
ED/GE funding cycle will occur in November 2003.
2003 was held on May 5 and 6 at the Hyatt Regency in
this year’s conference were two well-known featured speakers – Mark
Heesen, President of the National Venture Capital Association and Kenneth
Wilcox, President and Chief Executive Officer of Silicon Valley Bancshares
and Silicon Valley Bank. Each
made luncheon speeches during the two-day event.
year’s conference, scheduled for May 13 and 14, 2004, will be held in
annual Dayton community leader trip to Washington, where area projects are
lobbied to elected officials, was the largest ever with over 85 political,
civic and business leaders making the two-day trip.
organized by the Dayton Development Coalition, made its largest request in
19 years, both in individual projects, as well as funding.
Leading the list of requests were programs at WPAFB, where projects
totaling $130 million were presented to the local congressional delegation.
laid the groundwork for advocacy on behalf of WPAFB as the process for
implementation of the 2005 round of Base Realignment and Closure Act begins
Winslow, who co-chaired the first "Fly-In" when the trip was
organized by the Dayton Area Chamber of Commerce, said that this year’s
trip was not only well attended, but focused on the key priorities both at
WPAFB and the broader economic development needs of the community.
made visits to the Pentagon, the Veterans Administration and the Congress.
In addition to meeting with DOD and Air Force Leaders, the group met
with Congressmen Turner, Hobson, Portman, Oxley and Boehner, as well as
Senators Voinovich and DeWine.
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NCIC Capital Fund