CLEVELAND, Ohio — The Ohio Third Frontier program is looking to award up to $60 million to organizations that will invest that money in Ohio technology companies in the early stages of commercializing their products or services.
Cleveland entrepreneurial growth organization JumpStart Inc. is having conversations “with a handful of institutions, University Hospitals and others” with whom to partner on proposals for landing some of that money, said Ray Leach, JumpStart’s CEO.
Among the goals of the Ohio Third Frontier’s capital formation program are to increase the number of pre-seed funds investing throughout Ohio and the amount of capital invested in early stage technology companies in the state.
Source: Ohio Third Frontier looking to award $60M in seed funding for tech companies – cleveland.com
