Ohio Advancing Medical Technology
Ohio Development Services Agency
Today the Ohio Third Frontier Commission approved $2.1 million to move new technologies out of the lab and into the marketplace. Many of these innovative products could advance medicine and improve outcomes for patients.
“Some of the best new ideas and inventions are coming out of Ohio’s colleges and universities,” said David Goodman, director of the Ohio Development Services Agency and chair of the Ohio Third Frontier Commission. “We are helping to advance these technologies and get them to market where they can make a difference.”
Technology Validation and Start-Up Awards
The Ohio Third Frontier Technology Validation and Start-up Fund (TVSF) provides grants to Ohio institutions of higher education and other nonprofit research institutions. The funding is to demonstrate that technologies are commercially viable through activities such as testing and prototyping. The ultimate goal is to license the technologies to companies.
OhioHealth Research and Innovation Institute, located in the city of Columbus (Franklin County), was awarded $200,000 for the Healthcare Technology Validation and Start-Up Fund.
The Research Institute at Nationwide Children’s Hospital, located in the city of Columbus (Franklin County), was awarded $200,000 for the Nationwide Children’s Hospital Technology Validation and Start-Up Fund.
University of Dayton Research Institute, located in the city of Dayton (Montgomery County), was awarded $200,000 to create the Miami University/University of Dayton Technology Validation and Start-up Fund.
University Hospitals Health System, located in the city of Cleveland (Cuyahoga County), was awarded $500,000 for the University Hospitals Technology Validation and Start-up Fund.
Companies aiming to license institution-owned technologies can also receive funding to accelerate commercialization through activities such as market research and further prototyping. This helps companies either raise funds or get the licensed technology to the marketplace faster.
Deep Lens Inc., located in city of Columbus (Franklin County), was awarded $148,600 to implement improvements to its digital pathology system for commercialization throughout the U.S.
A1Control, located in Lewis Center (Delaware County), was awarded $150,000 for development and commercialization of an engaging, game-like computer application used by patients being treated for diabetes.
Battle Sight Technologies, LLC, located in city of Springboro (Warren County), was awarded $100,000 to build, test and scale up manufacturing for a new prototype of its pressure-activated chemiluminescent writing device.
K Medical LLC, located in the city of Akron (Summit County), was awarded $150,000 to further develop a more flexible surgical adhesive to close wounds in high tension areas such as knees and elbows.
Thrive Neuromedical, LLC, located in the city of Columbus (Franklin County), was awarded $150,000 to further develop a sound system for babies in the Neonatal Intensive Care Unit (NICU). The device plays a mother’s recorded voice to help with neurological development.
i-Imaging LLC, located in the city of Akron (Summit County), was awarded $150,000 to design and manufacture a new prototype of hands-free, wireless goggles that provide real-time imagery to help guide surgeons.
AEIOU Scientific, LLC, located in the city of Columbus (Franklin County), was awarded $150,000 to build and test a new prototype of a device that more accurately measures bone strength to diagnose osteoporosis.
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OEDI is presented in partnership the Ohio Economic Development Association, JobsOhio, and the Ohio University Voinovich School.
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