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Case Western Reserve University, three NE Ohio companies receive a total of $950,000 from Third Frontier

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October 18-20, 2023 / Tucson, AZ
The annual summit for research institution gap fund and accelerator programs, including proof of concept programs, startup accelerators, and university venture funds

The Story

The Ohio Third Frontier Commission on Thursday, Dec. 6, announced it approved a total of $3.15 million in awards to boost entrepreneurs and technology startups statewide — nearly $1 million of which went to recipients in Cuyahoga and Summit counties.

The largest single award went to NextTech Inc. in Toledo, which received a $2 million grant to provide entrepreneurs with resources including mentorship by veteran entrepreneurs and industry professionals; access to investors and capital; help with recruiting talent; incubators providing co-working spaces; and accelerators guiding entrepreneur teams through a three-month business “boot camp.”

Here are the recipients from Cuyahoga and Summit counties:

• Case Western Reserve University in Cleveland was awarded $500,000 for the Case Western Reserve University Technology Validation and Start-up Fund.

• CollaMedix Inc. in Shaker Heights was awarded $150,000 to test and manufacture a new collagen technology used to hold together and provide structural support to tissue.

• Electrionic Systems Inc. of Hudson was awarded $150,000 to configure and test a potassium sensor using an electrochemical technique.

• Hedgemon Inc. in Akron was awarded $150,000 to prototype football helmets fitted with its impact-protection liner inspired by hedgehog quills.

• Agile Ultrasonics Corp. in Columbus was awarded $100,000 to buy equipment that will allow the company to scale a prototype that processes composite materials.

• MAFAZO LLC (Ignyte Assurance Platform) in Dayton was awarded $100,000 to develop and integrate cybersecurity technology from the Air Force Research Laboratory to improve data collection and analysis.


Source: Case Western Reserve University, three NE Ohio companies receive a total of $950,000 from Third Frontier

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