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Ohio Third Frontier Project Seeks Proposals
COLUMBUS, Ohio -- The Ohio Department of Development is accepting proposals from organizations interested in competing for $98 million in Third Frontier Project funding for fiscal year 2005, reports state Development Director Bruce Johnson. The Third Frontier Commission, which is responsible for allocating funds and supporting activities associated with the Third Frontier Project, recently released five requests for proposals."I am pleased that we have more than $270 million for future investment in the Third Frontier, including $108 million authorized by the General Assembly since January," said Johnson."These funds will promote collaborations and advance the research, development and commercialization of cutting-edge technologies, helping create high paying jobs in Ohio's emerging knowledge economy."The Third Frontier programs currently releasing requests for proposals are:Wright Centers of Innovation. Grants to support large-scale, world-class research and technology development platforms designed to accelerate the pace of Ohio commercialization.Wright Projects. Grants to support specifically designed, near-term commercialization projects requiring major capital acquisitions and improvements at Ohio higher education institutions and non-profit research organizations.Biomedical Research and Technology Transfer Trust Fund Awards. Grants to support biomedical and biotechnology research leading to Ohiocommercialization and long-term improvements to the health of Ohioans.<>Validation and Seed Fund Initiative. Grants to increase the availability of professionally managed capital and associated services that will accelerate the growth of early-stage Ohio technology companies.Third Frontier Fuel Cell Program. Grants to support the growth of Ohio's fuel cell industry through collaborations that involve Ohio higher education institutions, non-profit research organizations and Ohio companies.The funding awarded through these programs will support research and commercialization collaborations among Ohio companies, universities and other nonprofit research institutions to advance technology in the areas of bioscience, advanced materials, power and propulsion, information technology and instruments controls and electronics, Johnson said. It will also support the expansion of early-stage capital that is critical to successful formation and growth of technology-based start-up companies.The Third Frontier Project is a 10-year, $1.1 billion endeavor toexpand high-tech research capabilities, promote innovation, encouragecompany formation and create high-paying jobs in Ohio. To date, morethan $220 million has been awarded.Third Frontier program descriptions, application materials and schedules are available online at www.thirdfrontier.com. Award decisions will be made by the Third Frontier Commission in late 2004 and early 2005."