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Created in 2002, the Ohio Third Frontier is a commitment to create new technology-based products, companies, industries and jobs. In May 2010, the Ohio Third Frontier was extended through 2015. The $2.3 billion initiative supports applied research and commercialization, entrepreneurial assistance, early-stage capital formation, and expansion of a skilled talent pool that can support technology-based economic growth. Among many programs, Third Frontier supports the Innovation Ohio Loan Fund to assist Ohio companies in developing next generation products and services in targeted industry sectors by financing the acquisition, construction, and related costs of technology, facilities, and equipment. Additionally, Third Frontier supports the Pre-Seed Fund Capitalization Program to increase the availability of professionally managed capital and associated services to accelerate the growth of early-stage Ohio technology companies.
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