OHIO — Ohio has a plan to help tech startups turn their ideas into reality, according to an Ohio Department of Development spokesperson.
The Ohio Third Frontier Technology Validation and Seed Fund (TVSF) is now accepting applications for potential funding.
TVSF hopes to improve Ohio’s economy by commercializing technologies invented and developed in the state.
“This program draws on groundbreaking research and creates tangible products. We are transforming the dreams of Ohio entrepreneurs into market-ready products that shape the future, right here at the heart of innovation,” said the director of the Ohio Department of Development and president of Ohio Third. » said Lydia Mihalik, Boundary Commission.
Those who have projects and want to apply for funding should focus on advanced manufacturing technologies, advanced materials, biomedical and life sciences, energy, software and information technology, said the spokesperson.
To be considered, technologies must be at the prototype stage and benefit from intellectual property protection.
Those who apply and are awarded could receive up to $200,000 for each project, an increase from previous funding rounds.
Proposals must be submitted by 2 p.m. on Friday, November 3, and awards for this round are expected to be distributed in January 2024.