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BioInnovation Institute in Akron Launched
Date:10/16/2008

million over the next 10 years, expressing long-term support and confidence in the Institute's transformative impact on the local and regional economy. The funds have been designated to support capital expenditures for energy-efficiency technologies at Institute facilities.

"FirstEnergy is proud to invest in the long-term sustainability of the BioInnovation Institute in Akron," said Anthony J. Alexander, president and chief executive officer of FirstEnergy. "Through the collective strength of the founding organizations, we believe the Institute can help make a transformative change in our region, leading to a future in which the Akron area is viewed as a vital center for cutting-edge research, education and healthcare."

Institute to Combine Physical and Virtual Centers of Excellence

The BioInnovation Institute in Akron will employ a number of physical and virtual entities as its partners collaborate in the coming months and years. These entities will be located in Akron and will likely include:

* The Orthopedic Research Institute of Northeastern Ohio

* The Center for Biomaterials and Medicine -- a research facility to be

located on the campus of The University of Akron

* A Center for Health Care Training, which will also include educational

and office facilities for NEOUCOM

* A Medical Device Concept Laboratory

* A Center for Clinical Trials

Local, Global Experts to Lead BioInnovation Institute

Individually, each of the founding institutions is a leader in its respective areas of expertise. Together, they represent:

* Leading U.S. biopolymer program

* Highly-regarded academic and clinical orthopedic programs with

nationally ranked residencies

* Millions of dollars invested annually in academic programs, clinical

research, and commercialization efforts

* Industry-leading researchers, physicians, and medical residents

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SOURCE BioInnovation Institute in Akron
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