Ohio Advancing Medical Technology
Tuesday, April 10, 2018
The Ohio Third Frontier Commission approved $2.1 million to move new technologies out of the lab and into the marketplace. Many of these innovative products could advance medicine and improve outcomes for patients.
“Some of the best new ideas and inventions are coming out of Ohio’s colleges and universities,” said David Goodman, director of the Ohio Development Services Agency and chair of the Ohio Third Frontier Commission. “We are helping to advance these technologies and get them to market where they can make a difference.”
Technology Validation and Start-Up Awards
The Ohio Third Frontier Technology Validation and Start-up Fund (TVSF) provides grants to Ohio institutions of higher education and other nonprofit research institutions. The funding is to demonstrate that technologies are commercially viable through activities such as testing and prototyping. The ultimate goal is to license the technologies to companies.
OhioHealth Research and Innovation Institute, located in the city of Columbus (Franklin County), was awarded $200,000 for the Healthcare Technology Validation and Start-Up Fund.
The Research Institute at Nationwide Children’s Hospital, located in the city of Columbus (Franklin County), was awarded $200,000 for the Nationwide Children’s Hospital Technology Validation and Start-Up Fund.