Ohio announces new funding round for tech startups through Third Frontier Program

Oct 31

A fresh round of funding is now available to help bring groundbreaking technologies from research labs to the global marketplace. The Ohio Department of Development's Technology Validation and Start-Up Fund (TVSF) is offering Phase 2 awards of up to $200,000 per project.

This funding targets innovative technologies in several key sectors:

Advanced Manufacturing
Materials Science
Biomedical and Life Sciences
Energy
Sensors
Software and Information Technology

Who Should Apply

This opportunity is ideal for:

Technology startups ready to commercialize their products
Companies working with Ohio research institutions
Businesses focused on bringing innovative technologies to market

Key Dates to Remember

Question Deadline: November 1, 2024
Proposal Submission: November 8, 2024 (by 4 p.m.)
Award Announcements: Expected January 2025

Program Impact

The TVSF program has demonstrated significant success since its inception in 2012:

Over 300 grants awarded
Nearly $57 million in total funding distributed
Strong track record of companies achieving commercial success
Many recipients receive additional investments through Ohio Third Frontier's Pre-Seed Funds

Why It Matters

"Innovation propels us forward, and programs like the Technology Validation and Start-Up Fund demonstrate how partnerships can accelerate growth," says Lydia Mihalik, director of the Department of Development and chair of the Ohio Third Frontier Commission. The DeWine-Husted Administration's support of this initiative reinforces Ohio's commitment to technological advancement and economic growth.

How to Apply

Interested companies can find complete program details and application materials at Development.Ohio.gov.

About Ohio Third Frontier

Ohio Third Frontier is dedicated to making Ohio the premier destination for technology entrepreneurs. Working alongside the Ohio Department of Development, they invest in Ohio's people, places, and businesses to empower community success and innovation.

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