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.

Don Drumm Studios

Metro RTA

NOCHE


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

The Black Keys guitar tech's moment in the spotlight
Nice job, Vivian. It's always nice to hear about the unsung heroes getting their due! Thank you, Chuck Johnston (Full disclosure - I'm a friend of the Carney fa...

Akron's Tuba Christmas: A resounding blast of holiday spirit
Nice piece, Vivian! Looking forward to hearing you move from flute to tuba on Saturday. Love hearing your interviews and this seemed extra special since I kno...

Cleveland Hugo Boss workers are fighting for their jobs again
Bro. Ginard; I support your effert to keep your jobs, I understand all about concesions, I was a Union offical from 1965 until 1991 and the company th...

Asian Carp control could benefit from bill passed by House, heading to the Senate
help me fight the battle against invasive carp by method of harvest

Ohio's Portman supports lifting limits on party political money
If Portman was legitimately concerned about outside groups influence on elections he would have supported the DISCLOSE act. Instead he helped block it being bro...

Study shows trade with China has cost more than 3 million U.S. jobs
I disagree with James Dorn! If we don't change the playing field and make it a fair competition the whole US industry will be weaker and weaker. Eventually all ...

Video of Cleveland police shooting a 12-year-old is critical to the investigation
While I think this is a very unfortunate, the fact is that police are trained to aim for the large mass of a human to stop them. If they aimed for the leg it w...

Wayne County teacher says he was fired for criticizing dairy
This is bull crap Smithville Schools have changed ever since the new school I'm so ashamed at the district I wish I could pick my house up and move it to anothe...

White Castle is closing its five Northeast Ohio restaurants
you should open a white castle in logan ohio.i'm pretty sure you disappointed,thank you...

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