Healthcare company-building profile
Ohio Third Frontier
Ohio Department of Development / State of Ohio
AcceleratorGovernment or nonprofit acceleratorNonprofitActive
Source-based profile
Program at a Glance
- Program type
- Accelerator
- Program category
- Government or nonprofit accelerator
- Organization
- Ohio Department of Development / State of Ohio
- Organization type
- Nonprofit
- Location
- Columbus, Ohio
- Company stage served
- Research or idea stage to Pre-seed to Seed
- Cohort or participation model
- Not a cohort program; competitive grant and fund awards to intermediaries and companies
- Investment or funding offered
- Yes
- Published investment terms
- State grants and pre-seed fund capitalization rather than direct equity; specific terms vary by program
- Equity or fee model
- Equity
- Clinical or hospital connection
- Not publicly documented
- Application status
- Active
- Founded
- 2002
Public description
About the program
Ohio Third Frontier is the state's technology-based economic development program, providing capital and services to commercialize Ohio research and grow technology companies, with life sciences a major beneficiary. It funds the state's network of regional entrepreneurial service providers and pre-seed funds, including JumpStart, Rev1 Ventures and CincyTech. The program is the funding backbone for much of Ohio's health startup infrastructure.
What the program publicly emphasizes
Focus areas and features
Life sciencesMedical technologyCommercializationPre-seed capitalEntrepreneurial services
- Category: Government or nonprofit accelerator
- Program structure: Not a cohort program; competitive grant and fund awards to intermediaries and companies
- Published terms: State grants and pre-seed fund capitalization rather than direct equity; specific terms vary by program
Sources
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