Team NEO Awarded Burton D. Morgan Foundation Grant

Team NEO was awarded a Burton D. Morgan Foundation grant to support its work in developing Open Innovation Networks.

Team NEO is building regional innovation clusters in the areas of energy storage, smart devices & systems, and additive manufacturing. Through the Open Innovation Networks, the organization matches larger driver industries companies (Seekers) to key supply chain partners made up of smaller, early stage and growth oriented companies as well as research and academic institutions (Solvers) for business development through innovation of new products, markets, processes and business models.

“We are grateful to Burton D. Morgan Foundation for their support,” said Tim Fahey, vice president of industry and innovation at Team NEO. “This grant builds upon our work to grow innovative clusters in the region that will help fuel job creation efforts in advanced manufacturing.”

The benefits of the Open Innovation Networks include improved time to market, research and development cost savings, development of expanded value chain partnerships, and access to specialized technologies and products.

Upcoming activities to support this work include:

  • October 18 Smart Devices & Systems Cluster Meeting. Click here for more information and to register.
  • October 26 Energy Storage Cluster meeting in partnership with Case Western Reserve University’s AUTM (Association of University Technology Managers®) event. For additional information and to register for the Energy Storage Cluster meeting, connect with Team NEO at marketing@clevelandplusbusiness.com

About Team NEO

Team NEO is an economic development organization focused on creating jobs for Northeast Ohio’s residents. In collaboration with our partners, it leads the region’s business attraction efforts, supports business retention and expansion work as Northeast Ohio’s JobsOhio affiliate, accelerates the impact of innovation in the region, and aligns strategies and resources within the economic development network to maximize its impact. In addition, Team NEO provides tools to assist employers in attracting talent to the region. For more information, visit www.teamneo.org and www.clevelandplusbusiness.com.