NDI Medical of Cleveland Develops Medical Devices and Technology
NDI Medical
Cleveland, OH Industry: Medical devices and equipment
 | What makes NDI Medical special: NDI Medical’s corporate structure is what makes it unique, because it essentially functions as an incubator. NDI Medical incubates and develops technologies and when appropriate, spins off those technologies, thereby forming a new and distinct company. The company has a track record of success and a highly competent team. |
How BioEnterprise helped NDI Medical: BioEnterprise helped NDI Medical find sources of funds through venture capital and private equity investment, as well as negotiate the terms of those deals. For example, NDI Medical, with assistance from BioEnterprise, sold one of its spinoff companies/business lines to Medtronic for $42 million in 2008. Why Northeast Ohio is good for NDI Medical: Northeast Ohio is a world leader in neurostimulation research.
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