Cleveland Clinic Innovations, the commercialisation and corporate venturing unit for academic medical centre Cleveland Clinic, received its largest ever gift last week, from James C. Justice II, a businessman with a reported $1.1bn in assets.
Justice and his wife Cathy contributed $10m of an overall $11m donation, intended to finance economic development in Ohio, the rest coming from Thomas Graham, chairman of Cleveland Clinic Innovations.
The donation will establish a chair in medical innovation, and will additionally be used to…