News
News Home
Quick Bites
Exploradio
News Archive
News Channel
Special Features
NPR
nowplaying
On AirNewsClassical
Loading...
  
School Closings
WKSU Support
Funding for WKSU is made possible in part through support from the following businesses and organizations.

Genie of Fairview Door Company

Hospice of the Western Reserve


For more information on how your company or organization can support WKSU, download the WKSU Media Kit.

(WKSU Media Kit PDF icon )


Donate Your Vehicle to WKSU

Programs Schedule Make A Pledge Member BenefitsFAQ/HelpContact Us
Government and Politics




Third Frontier invests $89 million in Ohio's high-tech future
This years awards include the largest in the program's history supporting University Hospital's drug discovery and neurotechnology in Columbus
by WKSU's JEFF ST. CLAIR
This story is part of a special series.


Reporter / Host
Jeff St. Clair
 
Courtesy of Third Frontier
Download (WKSU Only)
In The Region:

For more than a decade Ohio’s Third Frontier program has spurred technological innovation in the Buckeye state. Last month the state run project awarded $89 million to dozens of start-ups, institutions, and entrepreneurs.  Those awards include two of the largest grants in the fund’s history.

In this week’s Exploradio, WKSU’s Jeff St.Clair talks with Third Frontier Commission chairman David Goodman.

Jeff St.Clair talks with Third Frontier's David Goodman

Other options:
Windows Media / MP3 Download (4:48)


(Click image for larger view.)

Goodman became head of Ohio’s revamped Development Services Agency about a year and half ago. Part of his job is overseeing the Third Frontier Commission.  

He says the first frontier in Ohio was agricultural, the second was industrial, and the third frontier is technological.

Ohio voters in 2002 first approved spending $2.1 billion on new technology innovations. The commission has spent a little more than half that. The current $700 million allocation could run out by 2016.  Beyond that Goodman’s not sure what the next step for the Third Frontier program will be.

He says that as a conservative he generally opposes government picking winners and losers in the marketplace, but he believes the Third Frontier program is an essential part of Ohio’s economic competitiveness. Goodman says investing in locally grown start-ups helps keep the companies creating jobs here in the Buckeye state. He says funding through Third Frontier is determined by third party evaluators who make recommendations to the commission based on a rigorous selection process

One new initiative is the Third Frontier Commercialization Center Program to support infrastructure surrounding key industries.

The first awards came this year and are the largest in the fund’s history.  Ohio State University is receiving $21 million to build a center for the study of neurotechnology. The Neurotechnology Innovations Translator is a for-profit center for research in Alzheimer’s, Parkinson’s, and other neurological disorders. University Hospitals in Cleveland is getting $25 million to support its innovation arm, the Harrington Discovery Institute, which is helping companies develop new drugs here in Ohio.

The Third Frontier program also supports small start-ups. The ONE Fund, or Ohio’s New Entrepreneurs Fund, traditionally funds individuals with promising ideas. This year the fund is awarding nearly $1 million to four innovation incubators, three of which are located in the Cleveland area – Bizdom’s U Fund, Flashstarts Inc., and Shaker LaunchHouse’s accelerator.

So far this year Third Frontier has awarded about $89 million to these and other venture capital groups, businesses, and institutions.

Add Your Comment
Name:

Location:

E-mail: (not published, only used to contact you about your comment)


Comments:




 
Page Options

Print this page

E-Mail this page / Send mp3

Share on Facebook



Support for Exploradio
provided by:








Stories with Recent Comments

HUD and Cuyahoga Land Bank extend a housing deal for another year
Need to sale lot, and would like to know how to contact someone to see if they may be interested in the property that sat between two lots. If you can give me...

Akron Beacon Journal details abuse claims against televangelist Angley
In the early 90's I went forth for pray. And the man was anointed by the hand of God. Just a fact I will never forget

Lawmaker questions why a million voters didn't get absentee applications
He's a damn lie! I vote n all elections. I missed 1. Haven't gotten my absentee ballot and their making it hard to get one.

Thirsty Dog Brewery warns it might have to leave Akron
Why is it the city's responsibility to find this guy a location? There are a hundred realestate companies that could help him.

Kent State sends home three after contact with second Ebola-stricken nurse
Why weren't all health workers who were around Duncan quaranteened for 21 days and tested for Ebola? That's a no-brainer. Why was Vinson allowed to travel right...

New book says Willoughby Coal is haunted...and that's good for business
Would love to see a series of books that would just thrill me. I cannot wait to visit some of the locations. And revisit some of the locations I have already vi...

Cleveland Indians to continue with 'dynamic pricing'
pricing is too high for a family as well as people like me who are on a fixed income. Bleacher seats are cheaper but concessions are rediculous.

Kasich talks about faith, drugs and education -- but never FitzGerald
The idea that you can learn more by talking to a 90 year old person than from a history book is just another example of how the GOP hates education and knowledg...

Third-grade charter school students fail state testing
A partisan anti-charter group came out with analysis that ODE says is based on incorrect data. So why is this a story? It doesn't seem to rise to WKSU's typic...

Still no money for Fair Finance victims
The only persons benefiting from this bankruptcy is quite obvious - the attorneys.. I would let the Durham and other thieves out of prison in a job with all th...

Copyright © 2014 WKSU Public Radio, All Rights Reserved.

 
In Partnership With:

NPR PRI Kent State University

listen in windows media format listen in realplayer format Car Talk Hosts: Tom & Ray Magliozzi Fresh Air Host: Terry Gross A Service of Kent State University 89.7 WKSU | NPR.Classical.Other smart stuff. NPR Senior Correspondent: Noah Adams Living on Earth Host: Steve Curwood 89.7 WKSU | NPR.Classical.Other smart stuff. A Service of Kent State University