C21 - Global Cardiovascular Innovation Center (GCIC)
Q.1
What did the speaker, Mr. Sudow, say was the mission of the Global Cardiovascular Innovation Center?
To be the top heart surgery center in the nation.
To be a catalyst for economic development and job creation by developing, incubating and commercializing cardiovascular technology.
To work with its partner institutions to improve overall healthcare in Northeast Ohio.
To encourage universities across Ohio to work more closely together.
Q.2
The speaker explained that innovation is simply finding a problem and then solving it. In offering his explanation, he used an example of a product invented at the 1904 World’s Fair. What was that product?
The electric plug and wall outlet was introduced.
The electric typewriter was introduced.
The ice cream cone. When ice cream vendors at the Fair ran out of paper cups, they rolled up waffles to make ice cream cones.
The fax machine was introduced.
Q.3
For a product to be successful and create jobs, it must have customers who will spend money for it. How much did the speaker say is spent annually on the treatment of cardiovascular disease in the United States?
$200 billion
$120 billion
$950 million
Over $480 billion
Q.4
The Global Cardiovascular Innovation Center is an enabler that helps young startup companies with an idea get started. In doing so, what services did the speaker indicate that the GCIC provide?
Project management guidance and physical space for young startup companies to work in.
Education programs for inventors and product developers.
Helps startup companies to find funding from investors
All of the above
Q.5
Since the Global Cardiovascular Innovation Center was started in 2007 with a $60 million grant from the State of Ohio’s Third Frontier program, how many new startup companies did the speaker say that the GCIC had helped spin off and launch?
12 new companies
55 new companies
950 new companies
25 new companies