The Ohio Controlling Board recently voted to “release $3 million in seed funding for early stage technology companies in the Toledo region” for Rocket Venture Fund II, The Toledo Blade reports. Rocket Ventures will match the $3 million; the seed funding will be used primarily to “focus on promoting and commercializing medical technologies and software applications, including imaging, surgical instruments and equipment, implant devices, regenerative medicine, and software for business and healthcare,” according to the article. The Third Frontier Commission originally approved the money for the Regional Growth Partnership in 2014; the delay in release was caused by the determination that “the Regional Growth Partnership was not the proper entity to receive the funds.” For more, read the full article.
Toledo will see $3 million in seed funding for tech companies
