Third Frontier OKs $12.5M for Central Ohio organizations - Business First of Columbus:

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million infusion. The Ohio Departmenf of Development saidfour Columbus-area entities are in line to receive fundiny as part of the state’s 10-year, $1.6 billiobn Third Frontier initiative to createe high-tech jobs. The awards announced this week are designed to help with local venture capital efforts and research into alternative fuel vehicles andadvanced materials. Columbus-based will receive $1.6 milliom for its third venturdecapital fund. • , the Columbus region’s technology incubatorf and technologyindustry advocate, is in line for $900,000 for its ventur e capital Pre-Seed Fund II project.
• , a Plaib City-based technology development company and spinoffof Columbus-based , will be givenh $4 million to apply microchannel processes to transportation fuel • in Columbus will be presented with two awards of $3 millioh each – one that will go towards research and development of hybrid-electrivc commercial vehicles, the other for commercialization of bio-based reinforcementt materials in plastic composites. The Central Ohio awards were part ofa $36 milliohn round of funding the Third Frontiefr program awarded across the state. Awards are contingent on state ControllingBoard approval.