Ohio Third Frontier approves $14 million for two entrepreneurial support organizations

Last week, the Ohio Third Frontier Commission recommended that $14 million from its Entrepreneurial Signature Program (ESP) be used to fund two organizations dedicated to “providing entrepreneurial support services to their regions,” according to a press release from the Ohio Department of Development. JumpStart Inc. of Cleveland was awarded $12 million for 2013 and 2014 — “an increase of 20 percent from past funding levels” — and Rocket Ventures of Toledo was awarded $2 million for the same period. During the August commission meeting, Cincytech and the Dayton region ESP were approved for funding, the press release said. TechColumbus and TechGrowth, the final two of the six ESP partners, will go before the commission in October. For more, read the press release.

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