Story excerpt provided by Columbus Business First.
Written by Carrie Ghose.
Ohio State University and Nationwide Children’s Hospital were awarded Ohio Third Frontier a combined $700,000 in grants toward prototypes and other product development that help get research out of labs and into the market.
The university is creating a $1 million fund and the Research Institute at the pediatric hospital a $400,000 fund, each half backed by the state bond initiative and half from the institution. The money approved Thursday by the Third Frontier Commission comes from the Technology Validation and Startup Fund targeted toward nurturing products that can become spinoff companies from Ohio research institutions. Grants approved Thursday to Cincinnati and northeast Ohio institutions totaled $2.25 million.
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Originally published October 28, 2016.