//, Proof of Concept (POC) Fund, Startup Fund, State or Government/Three Ohio State University spinoffs, two applied research projects land support from Ohio Third Frontier

Three Ohio State University spinoffs, two applied research projects land support from Ohio Third Frontier

Three Ohio State University spinoff companies and two research projects were awarded a combined $400,000 from the Ohio Third Frontier Commission out of a total $12.5 million awarded Thursday.

Another grant to Ohio University addresses a common worry in the coming development of the state’s shale gas reserves.

The money came from the bond-funded Third Frontier’s Technology and Validation Start-Up Fund, which is meant to help with prototypes or other testing of technology from startups and universities as a step toward commercialization.

The OSU-related awards are:

• $100,000 for Core Quantum Technologies Inc., which was developed out of research from the lab http://nanoforneuro.com/ of professor Jessica Winter to develop probes for medical tests so tiny that they can be used to manipulate a single nerve cell. The companywon the annual business plan competition in May at the Fisher College of Business, and its CEO Kunal Parikh graduated in June with a chemical engineering degree.

• $100,000 for Dublin-based ALPPS Ltd., which stands for Advanced Language Performance Portfolio System, software that will help educators and others assess a person’s skill speaking a second language. It is a project of the project of the National East Asian Languages Resource Center in the College of Arts and Sciences.

• $100,000 for CGC Ultramarin Ltd., to develop a prototype marine jet propulsion system. It’s headed by Codrin Gruie Cantemir, a research scientist at the Center for Automotive Research.

• $50,000 apiece for research projects to develop an electromagnetic probe that can detect during surgery if all of a solid cancerous tumor has been removed, and to develop an iPad application to allow users to self-test their cognitive skills for use in early detection of dementia.

In Athens, Ohio University was awarded $50,000 for a project to use catalytic materials – a substance that speeds chemical reactions without itself reacting – to help treat wastewater produced byshale gas wells.

The largest awards in Thursday’s distribution went to through the Third Frontier’s Entrepreneurial Signature Program that helps startups: $5.5 million to Cincinnati and $4 million to Dayton. In addition, Youngstown State University received $2.1 million for a manufacturing research center that has also attracted $30 million in U.S. Air Force support.

Source: Columbus Business First: http://www.bizjournals.com/columbus/news/2012/08/24/ohio-state-ventures-land-400k-from.html?page=2

About the Author:

innovosource is an awareness firm that connects high-tech companies and investors with innovation assets at research institutions and startups through relationship-building and knowledge exchange

Leave A Comment