Cleveland Innovation Project releases 2021 outcomes, 2022 objectives

The alliance of the Cleveland Foundation, the Fund For Our Economic Future, the Greater Cleveland Partnership, JumpStart and TeamNEO known as the Cleveland Innovation Project released an annual update Tuesday, March 8, on the group’s progress for 2021, along with new projections for 2022.

The Cleveland Innovation Project, or CIP — created in 2018 with the goal of strengthening technology-based economic growth for the Greater Cleveland region — set forth an aggressive 10-year strategic plan in 2020 that included seven initiatives, or focuses, in the areas of smart manufacturing, health care, water technology, workforce talent, capital, digital equity and developing place-based innovation zones.

Each of the initiatives includes multiple strategies, and all of the programs are designed to bolster diversity, equity and inclusion across the region.

By 2030, the aspirations of CIP are that the region sees approximately $2 billion in research investment; $4 billion in capital invested in tech-led companies, with 50% women and 25% Black and Hispanic executive representation; and growth in technology jobs of more than 20,000, with a diverse group of 50% women and 25% Black and Hispanic workers.

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