Several Indiana counties and towns are investing in Warsaw-based OrthoWorx to spur orthopedic device dominance in the state, according to News-Sentinel.
Here are six highlights:
1. The Allen County Commissioners will give more than $25,000 annually for the next six years to OrthoWorx.
2. Fort Wayne, Ind., will give $75,000 each year for the next six years.
3. The Indiana Economic Development Corp. is funding $1.2 million and Warsaw, Ind., is offering up $500,000.
4. With the funding, OrthoWorx will jumpstart an accelerator called AcceLinx, which will have a budget of $4.8 million.
5. AcceLinx's mission will be to develop and manufacture new medical devices, creating a hub for orthopedic manufacturing.
6. AcceLinx will be headquartered in OrthoWorx's Warsaw office.