Funding Opportunities for Tech Spinouts

December 5, 2017

The State of Ohio has a couple of great programs that can help you take a technology from a university or research lab and give you the time and funds to commercialize a product. Both opportunities are non-dilutive–they don’t take equity in your company– and have deadlines fast approaching!


If you are considering applying for either program, please reach out to John Owen at [email protected]. We’ve had a number of local startups receive funding from these programs, including GlobalFlyte, WoundAI, and Endo Guidance Technologies, and can potentially help you strengthen your applications.



“The goal of the Ohio Third Frontier Technology Validation and Start-up Fund (TVSF) is to create greater economic growth in Ohio based on start-up companies that commercialize technologies developed by Ohio institutions of higher education and other Ohio not-for-profit research institutions. The Technology Validation and Start-Up Fund has been designed to:

  1. Support protected technologies developed at Ohio research institutions that need known validation/proof that will directly impact and enhance both their commercial viability and ability to support a start-up company, and
  2. Support Ohio start-up and Ohio young companies that license validated/proven technologies from research institutions.”

Round 16 Applications Schedule

  • Written Questions: accepted through December 21, 2017
  • Proposals: due by 2:00 PM, December 28, 2017
  • Awards: approximately March 2018




“I-Corps@Ohio funds will be offered on a competitive basis to teams of faculty researchers and graduate students developing institution-based technologies from Ohio colleges and universities. Under the supervision of business and entrepreneurial mentors, teams will develop market-driven value propositions and scalable business models around their technologies and attract follow-on funding to support company formation and market entry.”

Submissions for the next cohort are due January 16, 2018