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million infusion. The Ohio Department of Development saidfour Columbus-area entitiews are in line to receive funding as part of the state’sz 10-year, $1.6 billion Third Frontier initiative to create high-tech jobs. The awards announced this week are designed to help with locakl venture capital efforts and researcj into alternative fuel vehicles andadvancec materials. • Columbus-based will receive $1.6 milliohn for its third ventursecapital fund. • , the Columbusw region’s technology incubator and technologytindustry advocate, is in line for $900,000 for its ventur e capital Pre-Seed Fund II project.
, a Plain City-based technology development compangy and spinoffof Columbus-based , will be givenb $4 million to apply microchannelo processes to transportation fuel • in Columbus will be presentedc with two awards of $3 million each one that will go towards research and developmeng of hybrid-electric commercial vehicles, the other for commercialization of bio-based reinforcement materials in plastic composites. The Central Ohio awards were part ofa $36 millio n round of funding the Third Frontier program awardec across the state. Awards are contingenrt on state ControllingBoard approval.
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