The Ohio Third Frontier Commission recently approved $2.5 million in funding that will provide capital to technology startup companies in industries ranging from health care to military applications.
The Commission also approved $3 million in funding for continued support of the Diversity & Inclusion Technology Internship Program to help companies fill their technology needs, build Ohio’s workforce and grow the state’s inclusive tech economy.
“These new technologies and breakthroughs speak to the future of innovation in Ohio,” Governor Mike DeWine said. “These companies have the potential to improve health outcomes, strengthen our military, improve the energy supply and enhance cybersecurity.”
“In addition to advancing cutting-edge technology, we are investing in young talent to ensure these companies have the skilled workforce necessary to continue growing and innovating here in Ohio,” said Lydia Mihalik, director of the Ohio Department of Development and chair of the Ohio Third Frontier Commission. “We are building Ohio’s inclusive tech economy while helping companies stay competitive by identifying and implementing new technology-driven solutions.”
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Story excerpt provided by The Highland County Press.
Originally published May 9, 2022.