Ohio Universities to Provide Venture Capital

Written by Innovate New Albany@InnovateNA13 years ago

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The Ohio State University and Ohio University recently announced plans to join forces to provide early-stage funding for innovative technology ventures.

Together, the two schools have committed $35 million for the new commercialization and funding model. In addition to funding, the universities also will leverage their resources and assets to bring the best talent, funding and facilities to jumpstart entrepreneurial activity and venture creation in Ohio.

“Universities, with our depth of research expertise, creative faculty, business capabilities and eager, well-prepared students, are uniquely positioned to help innovative companies grow and succeed,” notes Ohio State President E. Gordon Gee.

Ohio University President Roderick J. McDavis shares Gee’s sentiments. “Taking what we have learned on an institutional level and applying it on a larger scale has great potential for our state, our students, faculty, staff, and most importantly, all Ohioans.”

Read more at http://www.osu.edu/news/newsitem3383

Innovate New Albany, the city’s incubator for technology startups, entrepreneurs and small businesses, features 16,000 square feet of space within the New Albany Business Park’s Signature Office Building, 8000 Walton Parkway.