Last week, the Ohio Third Frontier Commission approved $5.34 million to help move new technologies and innovative products into the marketplace.
“Advancing these new ideas and solutions continues Ohio’s great history of innovation,” said Lydia L. Mihalik, director of the Ohio Development Services Agency and chair of the Ohio Third Frontier Commission. “Innovation is in our DNA, and these are the technologies and companies that will keep Ohio moving forward.”
The Ohio Third Frontier Technology Validation and Start-up Fund (TVSF) provides grants to Ohio institutions of higher education and other nonprofit research institutions. The funding is for testing and prototyping to demonstrate that technologies are commercially viable, with the goal of validating and licensing them to companies.
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Story excerpt provided by The Highland County Press.
Written by Ohio Development Services Agency.
Originally published June 29, 2020.