Ohio’s Third Frontier technology acceleration program has awarded $25 million to several early stage investment funds in the state.
The grants come under two different Third Frontier programs, which are designed to funnel growth capital to young, promising technology companies through professionally managed investment funds. With state money flowing to the companies, the idea is that private investors will be more likely to throw their own money in alongside the public funding.
Below are the award recipients and amounts. (Note that each recipient is associated with many collaborating organizations that are too numerous to mention.)
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- Cincinnati USA Regional Chamber/CincyTech: $2.25 million
- Cincinnati Children’s Hospital Medical Center: $2 million
- JumpStart Inc. in Cleveland: $6.7 million
- Ohio University: $3 million
- TechColumbus: $3.45 million
- Cleveland Clinic: $2 million
- Lorain County Community College: $2 million
- NDI Healthcare Fund in Cleveland: $2 million
- North Coast Angel Fund in Mayfield Heights: $2 million
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