Columbus, Ohio – The Ohio Third Frontier Commission today approved more than $11 million in Pre-Seed Fund Initiative and Entrepreneurial Signature Program funds that will be awarded to six Ohio-based projects. The funding ensures that new start-up technology companies continue to have access to early-stage capital to develop new products and technologies and bring them to market. The awards are contingent upon State Controlling Board approval.
“This Ohio Third Frontier program funding advances the creation of new technology products and companies in Ohio,” said Governor Ted Strickland. “When we help our businesses turn innovative ideas into quality products, those businesses create good Ohio jobs that promote economic growth.”
“The companies receiving Ohio Third Frontier awards have a proven track record of success in assisting with early-stage capital,” said Eric Fingerhut, Chancellor of the Ohio Board of Regents and Chairman of the Ohio Third Frontier Commission. “These awards will allow their important work to continue, helping to create future job opportunities as well as revenue in the state.”
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