The Ohio Third Frontier Commission this week approved a total of $2.25 million for companies and institutions statewide, including four from Northeast Ohio, to help develop and commercialize new technologies.
The Cleveland Clinic Foundation and Kent State University both received grants from the Third Frontier’s Technology Validation and Start-up Fund, which provides grants to higher education and other nonprofit research institutions “to demonstrate that a technology is commercially viable through activities such as testing and prototyping,” with the ultimate goal of licensing the technology to companies.
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Story excerpt provided by Crain’s Cleveland Business.
Originally published April 26, 2019.