Columbus Inno: Ohio ready to invest $111M in VC funds from federal Covid relief

By: Carrie Ghose
September 1, 2023

Ohio is ready to invest $111 million to become a limited partner in venture capital funds investing in tech startups.

Lack of access to capital in the Midwest is "part of pretty much every conversation around tech," said Chris Berry, co-founder and CEO of OhioX, a tech industry membership group. The announcement of the two Ohio funding opportunities generated excitement at a medical technology conference in Cleveland this week, he said.

"To have an administration care about technology and innovation, we can't give a bigger thanks," Berry said. "That kind of interest for something like tech doesn't happen in every state."

The new funds augment Ohio Third Frontier, which uses bond funds to seed regional entrepreneurial service providers and Ohio-focused VC firms. Third Frontier is co-managing the new program created by the Covid relief dollars.

Read the full article at ColumbusInno.com.

###