Ohio Third Frontier Approves Funding for Entrepreneurship Efforts and Innovation
10/23/2012 3:44:00 PM
COLUMBUS â Today the Ohio Third Frontier Commission recommended more than $13.7 million in funding through the Ohio Third Frontier Entrepreneurial Signature Program and the Ohio Targeted Industry Attraction Program. The awards are contingent upon controlling board approval.
"By supporting Ohio's entrepreneurial community and focusing on our targeted industries, Ohio Third Frontier creates valuable opportunities for communities, businesses and individuals to succeed and prosper," said Christiane Schmenk, directorof the Ohio Development Services Agency and chair of the Ohio Third Frontier Commission. "With a keen focus on accountability and strong return on our investments, Ohio Third Frontier is committed to fostering innovation opportunities."
Fiscal Year 2012 Ohio Third Frontier Entrepreneurial Signature Program
The goals of the Ohio Third Frontier Entrepreneurial Signature Program (ESP) are to provide entrepreneurial services with demonstrated value through the ESP networks; maintain an entrepreneurial assistance climate supporting the creation, retention and attraction of investable Ohio technology companies; build a pipeline of deal flow that increasingly attracts the resources of venture capital firms both within and outside of Ohio; and build a network of universal support for technology companies within the state. The following ESP organizations are the last of the six regional organizations approved by the Commission:
TechColumbus, located inthe city of Columbus (Franklin County), was awarded $7.74 million.
Ohio University, located in the city of Athens (Athens County), was awarded $3 million.
Fiscal Year 2013 Ohio Third Frontier Targeted Industry Attraction Program
The Targeted Industry Attraction (TIA) program was created to provide financial assistance to companies creating new cutting-edge