Ohio taxpayers being asked to support the future of the state’s venture capital fund
A venture-capital fund created by the state to nurture startups now needs a hand from Ohio taxpayers. For the first time since its creation in 2003, the Ohio Capital Fund isn’t making enough money from its investments to cover payments on the money it has borrowed to finance its investments in startups. The fund, managed […]
Foundation presents $200K gift to further SSU’s Innovation Accelerator
Shawnee State University Development Foundation has received a $200,000 commitment from the American Electric Power (AEP) Foundation, to fund SSU’s Innovation Accelerator Project. The Innovation Accelerator Project aims to renovate buildings in downtown Portsmouth, Ohio, to become the center for economic growth and development for the community. The state-of-the-art accelerator will serve SSU students, local […]
Case Western Reserve students and alumni vie for startup money in new Morgenthaler-Pavey competition
Case Western Reserve University students and recent alumni will compete for money for startup businesses in a new annual competition that honors legendary investor David Morgenthaler. JumpStart Inc. and the Morgenthaler family, with CWRU trustee and venture capitalist Bob Pavey, created the Morgenthaler-Pavey Startup Competition. Venture teams, each composed of at least one CWRU student […]
Pelotonia cycling donations being used on ‘high-risk, high-reward’ idea grants at Ohio State University
From “Idea Grants” for scientists to statewide networks studying specific cancers, Pelotonia donations have been used since 2009 to fund research projects that otherwise might have sat on shelves gathering dust.As some 8,000 riders prepare for the ninth annual cycling fundraiser being held in central Ohio this weekend, Ohio State University’s Comprehensive Cancer Center this […]
Kent State University students to manage foundation investment fund
KENT, Ohio – Kent State University students will gain real-world experience this fall when they begin managing an investment fund for the university’s foundation. The program is designed to prepare students to work in the asset management business with an in-depth understanding of how the business works, the university said. “Kent State’s College of Business […]
U Akron O2 RegenTech awarded $100,000 from Innovation Fund Northeast Ohio
O2 RegenTech, a medical device startup out of the University of Akron, has received a boost with $100,000 in funding from the Innovation Fund Northeast Ohio, according to the university. Founded in 2013 by Nic Leipzig, an associate professor in chemical and biomolecular engineering, O2 RegenTech specializes in wound-care solutions based on technology developed by […]
U Akron and Lorain County CC startups O2 RegenTech, Vlipsy receive $225K in Innovation Fund investments
Two area companies were among six tech startups to receive a share of $225,000 in the round of investments announced by Innovation Fund Northeast Ohio. The startups will use the money to test technologies and prove business models, according to an Innovation Fund news release. O2 RegenTech of Akron, a medical device company focused on […]
Rev1 Ventures, Ohio State U Invests in Wiretap
Rev1 Ventures, the leading seed-stage venture fund, announced it has participated in the $4.9M funding round for Wiretap, a leading innovator of security solutions for Enterprise Social Networks and collaboration tools. This investment marks Rev1’s largest single investment from the Rev1 Fund I, the ground-breaking corporate-backed fund supported by Nationwide, The Ohio State University, Cardinal […]
Cleveland State and Kent State to work together on joint technology commercialization fund
Cleveland State University and Kent State University have been awarded a grant from the Ohio Third Frontier Commission to create a joint technology commercialization and startup fund, according to a news release. This news got a mention in an article about the Ohio Third Frontier Commission’s recent round of grants last week, but the universities’ […]
University of Akron unveils $500K Spark Fund program to fund student, faculty innovations
The University of Akron Research Foundation is unveiling a new program called the Spark Fund to help develop new innovations and technologies among graduate students and faculty.The program, which aims to foster innovations leading to university start-ups, will pay to prototype and test five to seven innovations in 2017, thanks to matching funding from the Ohio […]