Big names receive $13.5M in new funds to fuel local innovation

Three Cincinnati organizations, including the region’s largest hospital system, have received new backing from Ohio Third Frontier.

Cincinnati Children’s Hospital, Lightship Capital and Queen City Angels received a combined $13.5 million from the state’s innovation funding arm, officials announced Wednesday. Here’s how the local dollars were broken down:

• Cincinnati Children’s Hospital Medical Center: $5 million toward the $10 million Tomorrow Fund to invest in early-stage biomedical and life science opportunities based on Children’s research that has high commercial potential

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Story excerpt provided by Cincy Inno.

Written by Carrie Ghose.

Originally published March 11, 2021.