The Ohio Third Frontier Commission recognized as a technology based economic development initiative working with innovative startups, has approved $850,000 in funding to provide capital to technology startup companies with many in the medical field.
The Ohio Third Frontier Technology Validation and Start-up Fund provides grants to Ohio companies aiming to license institution owned technologies. The goal is to accelerate commercialization through activities such as market research and further prototyping to help companies either raise funds or get licensed technologies to the marketplace faster.
The Awards went to the following companies:
- AdopTracell, in Toledo was awarded $150,000 for the development and commercialization of a treatment for reversing autoimmune type 1 diabetes
- Ceraxis Health in Cleveland was awarded $150,000 for the development and commercialization of a symptom tracking system for people with Parkinson’s disease to allow physicians to better manage treatment
- DasiSimulations in Dublin was awarded $150,000 to develop and commercialize a fully automatic AI driven 3D modeling system, to help surgeons choose the optimal valve design in aortic valve replacement surgeries
- Datirium LLC in Cincinnati was awarded $150,000 to develop and commercialize a Scientific Data Analysis Platform to help researchers perform routine analysis with automated quality control
- DialGuide in Mason was awarded $100,00 to develop and commercialize an AI-enabled Digital VP of Sales, enabling pre call preparation, real time coaching, and post-call feedback and training for sales teams
- HDO Health in Columbus was awarded $150,000 to develop and commercialize a junctional tourniquet designed to stop bleeding more quickly and effectively in trauma environments.
Go to https://development.ohio.gov/wps/portal/gov/development/business/third-frontier-and-technology for more information.