Initially authorized by Ohio voters in 2002 with a $1.6 billion state investment and reauthorized in 2010 with an additional $700 million, the Ohio Third Frontier continues to foster an “innovation ecosystem” that allows companies to transition great ideas from the laboratory to the marketplace.
Ohio Third Frontier is an ambitious, innovative program, which supports applied research and commercialization, entrepreneurial assistance, early-stage capital formation and the development of a skilled talent pool to help drive technology-based economic growth. Funding for this innovative program has been a driving force in the effort to transform Ohio’s manufacturing based economy to one driven by technology and the spirit of innovation. The program enables entrepreneurs from all walks of life to bring their products to market, purchase equipment, create jobs and expand their companies.
