The Ohio Third Frontier Commission approved $19.5 million in loans Thursday to Central Ohio funds managed by Rev1 Ventures and NCT Ventures out of a total $60 million in statewide awards.
Required matching dollars raised by the private groups make for a total of $58.75 million in available funds for Central Ohio startups in their earliest stages. The loans from Third Frontier's Pre-Seed Capitalization program must first be approved by the legislature's Controlling Board.
