Officials from the University of Cincinnati recently announced the "creation of a technology commercialization accelerator to help create startup companies from faculty research," Cincinnati Business Courier reports. The university will put $250,000 toward the project with another $500,000 coming from immigrant investors as part of the Midwest EB5 program. Midwest EB5 is a federal program administered by the U.S. Citizenship and Immigration Services that is being utilized more commonly in economic development projects throughout the country as it "gives foreigners and their families a fast-track to permanent U.S. residency if they invest at least $500,000 in a venture that directly or indirectly creates 10 or more jobs," the article said. For more, read the full story here.
University of Cincinnati launches technology commercialization accelerator
