Ohio Supports Technology Startups & Talent
Third Frontier Advancing Breakthrough Tech & Inclusive Talent
(COLUMBUS, Ohio) – Today, the Ohio Third Frontier Commission approved $3.95 million in grants and funding to help entrepreneurs bring innovative products from development to the marketplace and develop young talent in the technology field through the Diversity & Inclusion Technology Internship Program.
“These new technologies and breakthroughs are proof of the continued innovation coming from Ohio’s entrepreneurs,” Governor Mike DeWine said. “We’re proud to support technology that will lead to a better quality of life for people around the world.”
“We are helping to advance cutting-edge technology through these grants, and at the same time, we are building the tech workforce of the future here in Ohio,” said Lydia Mihalik, director of the Ohio Department of Development and chair of the Ohio Third Frontier Commission.
Technology Validation and Start-up Awards
The Ohio Third Frontier Technology Validation and Start-up Fund provides grants to Ohio companies aiming to license institution-owned technologies to accelerate commercialization through activities such as market research and further prototyping. This helps companies raise funds and get the licensed technology to the marketplace faster.
University of Akron, located in the city of Akron (Summit County), was awarded $100,000 to support the University of Akron Research Foundation Spark Fund, which will help validate novel technologies for commercialization purposes.
Enspire DBS Therapy Inc., located in the city of Cleveland (Cuyahoga County), was awarded $150,000 to support the commercialization of a novel technology that delivers Deep Brain Stimulation to improve arm function in patients with chronic impairment caused by stroke.
HydroSmart LLC, located in the city of Hilliard (Franklin County), was awarded $100,000 to support the commercialization of a technology designed to help American warfighters stay hydrated. The technology includes a suite of intelligent fluid monitoring sensors that will impact certain human performance and wellness quantification markets, including within the military.
Mobius Care Inc., located in the city of Cleveland (Cuyahoga County), was awarded $150,000 to commercialize a new treatment for Inflammatory Bowel Disease with the utilization of a new class of orally active, gut-specific agents.
Neuright Inc., located in the city of Columbus (Franklin County), was awarded $150,000 to commercialize a new device designed to be a fast and easy-to-use assessment tool to diagnose Peripheral Neuropathy.
S&J NanoChemicals Inc., located in the city of Xenia (Greene County), was awarded $100,000 to commercialize a new liquid fertilizer formulation designed to aid Ohio farmers by increasing the germination rate of crops, enhancing the growth of crops, and boosting the vitality of the plants.
ZSense Systems LLC, located in the city of Akron (Summit County), was awarded $100,000 to commercialize a new sensor technology designed to monitor inline oil conditions for the heavy-duty trucks and mining machinery markets. The technology will provide continuous and actionable information in assessing a machine’s health status and identifying/predicting machine failures over its useful life.
The Research Institute at Nationwide Children’s Hospital, located in the city of Columbus (Franklin County), was awarded $100,000 to support the Technology Development Fund, which will help to advance new inventions along the commercialization pathway and make them more attractive to potential licensing and/or business partners.
Diversity & Inclusion Technology Internship Program
The Ohio Third Frontier Commission approved $3 million in funding for the Diversity & Inclusion Technology Internship Program. The internships help companies fill technology needs by matching them with diverse college students across all areas of study, ranging from marketing and design, to engineering, mathematics, and software development. They also help grow Ohio’s inclusive tech economy, bringing new ideas, experiences, and perspectives from some of the state’s smartest young talent.
The program has a track record of success, with interns helping companies create mobile apps; build out websites; develop social media platforms to connect with new customers; conduct market research, data analysis, and product design; develop new AR and VR technologies; and implement new software to modernize accounting and operations; and enhance cybersecurity.
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The Ohio Department of Development empowers communities to succeed by investing in Ohio’s people, places, and businesses. Learn more about our work at development.ohio.gov.
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