Ohio Third Frontier Technology Validation and Start-up Fund
Forecasted
Ohio Third Frontier Technology Validation and Start-up Fund supports Ohio research institutions and young companies in validating and commercializing technologies to build research-based businesses.
Funder: Ohio Department of Development
Due Dates (Anticipated): August 2027 (Proposals)
Funding Amounts: Phase 1: $100,000 to $1 million by option; recent Phase 2 awards: $200,000 each
Summary: Grants support technology validation and commercialization through Ohio research institutions and start-up companies.
Key Information: Phase 1 is for Ohio research institutions; Phase 2 is for Ohio start-up and young companies commercializing licensed technology.
Description
The Ohio Department of Development runs the Ohio Third Frontier Technology Validation and Start-up Fund to foster economic growth through research-based companies. The fund helps move protected technologies toward commercial use by generating evidence that strengthens their viability and potential to support a start-up.
Phase 1 gives Ohio research institutions pools of funding to validate unlicensed technologies and determine whether they are ready for licensing to an Ohio start-up or are not commercially feasible. Phase 2 supports Ohio start-up and young companies commercializing technology they intend to license. Phase 2 work can include beta prototypes, customer testing, market research, and business development aimed at establishing proof for commercialization or further investment.
