Story excerpt provided by The Plain Dealer.
Written by Janet H. Cho.
The Ohio Third Frontier Commission on Wednesday approved $12.5 million to support startups, commercialize technologies, and help companies develop innovative products. Two-thirds of the money, or more than $8.4 million, was awarded to The University of Akron, the Cleveland Clinic and four other Northeast Ohio businesses and research entities.
Other recipients statewide were: Cincinnati Children’s Hospital, The Ohio State University, OsteoNovus Inc., Rekovo LLC, and Ohio University.
“Taking ideas and getting them to the marketplace strengthens Ohio’s technology economy,” David Goodman, director of the Ohio Development Services Agency and chair of the Ohio Third Frontier Commission, said in a written statement. “In addition, moving the state’s companies to the next level with new products will keep them competitive, ensuring jobs for Ohio’s future.”
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Originally published October9, 2014.