NDI Medical launches venture fund for medical device startups

Ohio has a new healthcare-focused venture fund that’s being led by a familiar Cleveland name.

Neurotechnology incubator NDI Medical LLC, best known for its $42 million sale of a urinary incontinence-treating product to Medtronic in 2008, has started NDI Healthcare Fund with the help of a $2 million grant from Ohio’s Third Frontier technology acceleration program.