$59M available soon to invest in local startups fueled by Third Frontier loans

Story excerpt provided by Columbus Business First.

Written by Carrie Ghose.

The Ohio Third Frontier Commission approved $19.5 million in loans Thursday to Central Ohio funds managed by Rev1 Ventures and NCT Ventures out of a total $60 million in statewide awards.

Required matching dollars raised by the private groups make for a total of $58.75 million in available funds for Central Ohio startups in their earliest stages. The loans from Third Frontier’s Pre-Seed Capitalization program must first be approved by the legislature’s Controlling Board.

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Originally published December 17, 2015.