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medical device startup nabs 75k from innovation fund

LifeServe Innovations, which is developing a percutaneous tracheostomy introducer dilator, recently received $75,000 from the Lorain Innovation Fund. The device allows medical personnel to place a tracheotomy tube with greater ease and with fewer procedural complications than existing systems.
 
Co-founders Zach Bloom and Rick Arlow first came up with the idea as a class assignment while attending Lehigh University. “We were looking for problems to solve in emergency or critical care,” recalls Bloom. “We ultimately developed a safer and much more user-friendly approach.”
 
While they each went on to graduate school, they took their intellectual property and decided to bring their device to market. LifeServe Innovations was born in 2009. Bloom and Arlow chose Cleveland for its balance of medical and entrepreneurial support. “Cleveland is an entrepreneurial community and a medical community,” Bloom says.
 
The process of developing the dilator was one of trial and error. “It’s the nature of any startup -- the product you ultimately come up with is never the original,” says Bloom. “We kept designing products for surgical airways until we found something that met the need.”
 
LifeServe will use the grant money to manufacture and test their dilator. “We hope to have the product cleared for market by the end of second quarter,” says Bloom. While the company has volunteers helping them, Bloom hopes to hire two to three people in the near future. “As the growth begins to come and we see success in our investment, we want to bring income to Cleveland.”

 
Source: Zach Bloom
Writer: Karin Connelly
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