Ohio Supports Entrepreneurs and Technology Startups
Third Frontier Funds Network to Grow Innovative Companies
The Ohio Third Frontier Commission approved $67.4 million to help entrepreneurs develop innovative products and grow their technology startup companies.
“We are supporting the problem-solvers and businesses that are building a new Ohio,” said David Goodman, director of the Ohio Development Services Agency and chair of the Ohio Third Frontier Commission. “The investment in innovators will continue to create jobs.”
Entrepreneurial Services Program Awards
The Ohio Third Frontier Entrepreneurial Services Program (ESP) provides resources around the state to help entrepreneurs get their ideas to the marketplace. The following resources are available to help Ohio’s startup and early stage technology companies:
- Mentorship by seasoned entrepreneurs and industry professionals
- Access to investors and capital
- Business support including legal, tax and accounting services
- Assistance developing intellectual property and marketing/sales strategies
- Recruiting talent · Incubators providing state-of-the-art workspaces
- Accelerators guiding entrepreneur teams through a business “boot camp”
The following statewide partners were awarded grants to provide these resources to Ohio’s entrepreneurs:
CincyTech, LLC, located in the city of Cincinnati (Hamilton County) was awarded up to $13,875,000.
JumpStart, Inc., located in the city of Cleveland (Cuyahoga County), was awarded up to $28,239,982.
Ohio University (TechGROWTH Ohio), located in the city of Athens (Athens County), was awarded up to $5,443,257.
Rev1 Ventures, located in the city of Columbus (Franklin County), was awarded up to $13,755,000.
