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Ohio Third Frontier Approves Biomedical Project, Investing Grants

Wednesday, May 26, 2010

Excerpt of story provided by MedCity News
Written by Mary Vanac

The Ohio Third Frontier Commission on Wednesday approved $20 million in Wright Project grants, including nearly $9 million for three biomedical projects...

...The five commissioners who attended Wednesday’s meeting voted unanimously to fund seven Wright Project grant proposals, including:

...JumpStart Inc., the venture development organization in Cleveland that has invested in several biomedical and healthcare companies, will receive $4 million for operations and investments. JumpStart gets an additional $1.8 million for its bioscience and entrepreneurial network, which will provide entrepreneurial services to bioscience start-ups in the Northeast Ohio region. Collaborators: BioEnterprise, Great Lakes Innovation and Development Enterprise and the Akron Global Business Accelerator....

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