“ViewRay's technology is potentially life-saving, and exactly the type of innovative research and development we are proud to support," said Ohio Lt. Gov. Lee Fisher, who also serves as Director of the Ohio Department of Development. “Fueling important work in biosciences, advanced polymers and fuel cells is what makes Ohio a leader in these fields.”
The Targeted Industry Attraction Grant Program provides funding assistance to attract high-tech companies to Ohio, and it focuses on companies creating new, cutting-edge technology in the targeted industry sectors of advanced polymers, biosciences and fuel cells.
ViewRay would use the grant to acquire research and development equipment to assemble and test its biomedical technology.
ViewRay plans to lease an existing 45,000 square foot facility in the Broad Oak Business Park in Oakwood Village to use as the company's new world headquarters and also to assemble and test the Renaissance 1000 system, ViewRay's Image Guided Radiation Therapy technology. The technology allows a direct radiation hit to cancer cells while reducing the possibility of damage to healthy tissue.
The project is anticipated to create 93 fulltime jobs.
The company will partner with Northeast Ohio organizations including The Cleveland Clinic, University Hospitals and Philips Medical Systems.
For MORE NEWS BRIEFS, click here.
