This unique and innovative arrangement between Cleveland Clinic Innovations (CCI) and the Hickey Family Foundation (HFF) was established in 2014. HFF grant funding is invested side-by-side with CCI resources in medical technology projects under development at CCI. These projects often emanate from the doctors and specialists working day to day with patients at Cleveland Clinic that might be viable to address unmet needs or improve treatment methods in healthcare there and around the world. Beginning in 2017, some of the earlier projects developed through this co-investment relationship were successfully brought to market and provided a net return to CCI. The proceeds from these spinoffs are now being directed to a new technology fund, the Hickey Evergreen Fund, which will then be used to further invest in new ideas and projects that come to CCI in the future.
For more information, visit innovations.clevelandclinic.org