Fund gets off the ground four years after creation

Ohio University and the Ohio State University want their graduates to have the option to stay in the state to seek jobs in emerging technology when they graduate.

The Ohio Innovation Fund was created in 2012 to accomplish that goal, but the fund has just gotten off the ground this year with a newly hired fund manager.

“A lot of this is new so far,” fund manager Bill Baumel said. “I have found the opportunities out there have been promising … and so far, I’ve been very happy.”

Baumel said the fund has already made one deal that it has not gone public with yet, and another one is in the works.

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Originally published March 24, 2016.

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