Proposals Open for Ohio Technology Validation Program

COLUMBUS, Ohio – Requests for proposals are now open for the second phase of the Ohio Third Frontier’s Technology Validation and Start-up Fund.

The program’s goal is to continue boosting the state’s economy by helping commercialize technologies that are invented by and developed at Ohio’s higher education institutions, at various nonprofit research institutions around Ohio and at federal labs, a news release states.  

“This program takes groundbreaking research and creates tangible products,” said Lydia Mihalik, director of the Ohio Department of Development and chair of the Ohio Third Frontier Commission. “We are turning the dreams of Ohio’s entrepreneurs into market-ready products that shape the future, here in the heart of innovation.”

Projects should be focused on technologies in advanced manufacturing, advanced materials, biomedical and life sciences, energy, software and information technology. Technologies must be developed to the prototype stage and have intellectual property protection.

Awardees are eligible for up to $200,000 for each project, an increase over previous funding rounds.

Prospective applicants can submit written questions on the RFP before Oct. 27. Proposals are due by 2 p.m. Nov. 3.  

For more information or to submit a proposal, click HERE.

Awards for this round are expected in January 2024.

Pictured at top: Photo via Ohio Department of Development.

Published by The Business Journal, Youngstown, Ohio.