The Innovation Center has secured $350k in federal grants from the Appalachian Regional Commission and the U.S. Department of Agriculture to provide critical business support to biotechnology startups. Specifically, the grants will be used to help fund the ongoing construction of 3 new biotech labs and to give business support and technical assistance to clients.
Innovation Center Director, Stacy Strauss, joined a panel sponsored by JobsOhio at Fast Company's Most Innovative Companies Summit. Strauss discussed the reasons why Ohio is becoming so appealing to young professionals. She also shared her insight on what new hires are looking for in a company and how expectations have changed during the pandemic.
OsteoDX, Inc. secured an investment from the TechGROWTH Ohio Fund. This investment will help the team at OsteoDX prepare for the Small Business Innovation Research (SBIR) Phase II Funding application. They were selected for this investment because their promising technology presents a tremendous market opportunity for accurately assessing bone strength.
The IC was recently highlighted by the Appalachian Regional Commission for our work over the past year. With funding from ARC and the Economic Development Administration, the IC was able to build three new biotechnology laboratories. These labs are expected to create 100 new jobs and aid in the creation of 10 new businesses over the next three years.
IC graduate Jersey Watch is a sports league management software that helps youth sports programs create and maintain websites for their leagues. They were acquired by Greg LaLonde through his new company Mayhem Sports. LaLonde believes that Jersey Watch is well-positioned to take advantage of the recent push towards digitalization due to the pandemic.
IC Client, AEIOU Scientific, competed in NASA iTech's Ignite the Night competition and won. Gary Wakeford, CEO, presented the company's Cortical Bone Measurement Technology and discussed how it could be used by astronauts to measure bone mass loss in space. AEIOU will advance to the semi-final round of the national competition.
IC Client, OhioSE, and JobsOhio have offered a $1 million development grant to expand operations of the General Mills production facility in Wellston, Ohio. The expansion of the facility is expected to increase the workforce to nearly 900 full-time employees. Jackson County Commissioners and the City of Wellston also assisted in securing the investment.
In 2019, Buckeye Hills Regional Council invested more than $68.5 million into support, development, and growth of its eight-county region. This investment includes project costs, matching funds, and private contributions. The Council's mission is to work cooperatively to improve its region comes to life through those who do the work.
Check out the Summer 2020 issue of ConnectED, the Ohio Department of Higher Education’s quarterly newsletter. The Innovation Center is featured on page 14 for its continued positive economic impact in Athens County. The Innovation Center supported 335 jobs that generated an estimated $22 million in employee compensation in in 2019.
Unirac, North America’s leading manufacturer of solar photovoltaic mounting systems, has successfully completed the acquisition of Ecolibrium Solar, a prominent solar racking manufacturer headquartered in Athens, Ohio. The acquisition represents a significant expansion of Unirac’s product portfolio, adding Ecolibrium’s innovative product range.