The city has been designated an Ohio
Hub of Innovation and Opportunity in biomaterials, bringing with it a
grant of $250,000 and support from the Ohio Department of Development to help it become a
global leader in the commercialization of biomaterials technologies,
products and services.
The institute — which will be the center of the city’s innovation hub — is getting a commitment for a $2.5 million research and development loan to help pay for its headquarters. The $10 million renovation of the first three floors of a Summit County-owned building at Main Street and Perkins Avenue is expected to open next summer.
Gov. Ted Strickland, Akron Mayor Don Plusquellic and leaders of the bioinnovation institute made the announcements in Akron on Monday afternoon.
To read the full, original article click on this link: Akron, Austen BioInnovation Institute get $2.75M boost from Ohio « MedCity News
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