Ohio Third Frontier
Ohio's largest-ever commitment to high-tech job creation and economic progress.
Ohio Tax and Incentive Resources
- Ohio Tax Reform Brochure
- Ohio Economic Development Incentives Overview
- Ohio Third Frontier Performance Review
- Ohio Third Frontier 2009 Annual Report
Ohio Third Frontier Success Stories
Kent Displays Inc. is a successful spin-out from the Liquid Crystal Institute at Kent State University. In September 2008, Kent Displays, through funding from the Ohio Third Frontier, installed a roll-to-roll production line to enable the manufacturing of its Reflex™ flexible displays technology. The first of its kind in the world, the production line enables Kent Displays to produce vast quantities of its flexible LCDs rapidly and efficiently.
Kent Displays is a leader in cholesteric liquid crystal displays and its technology has been successfully licensed to corporations worldwide. Read more Third Frontier success stories here.
Contact Us
Ohio Sales Manager - Matt McQuade
(614) 857-0900 ext. 231
The Ohio Third Frontier is Ohio's largest-ever commitment to high-tech job creation and economic progress. Established in 2002, the 10-year, $1.6 billion initiative fosters the creation of high-paying jobs through innovation, research and development and the commercialization of next-generation products designed to improve the lives of Ohioans and people around the world.
The Ohio Third Frontier promotes economic growth by expanding the availability of investment capital needed to form new companies, supporting product innovation in established companies, facilitating commercialization of new products, funding collaborative projects between private companies and Ohio colleges and universities and nurturing Ohio's increasingly experienced pool of entrepreneurial management.
A recent independent study showed that the Ohio Third Frontier has:
- Generated $6.6 billion in economic activity in Ohio;
- Created 41,300 total jobs through December 2008;
- Significantly impacted the diversity and competitiveness of Ohio’s manufacturers;
- Assisted in the formation, attraction, or initial capitalization of more than 570 companies; and
- Leveraged a $10 return for every dollar invested during 2003 - 2008, with the expectation of increased impacts in the years to come.
- Contributed (with related initiatives) to the major growth of venture capital investment in Ohio, from $243 million in 2004 to $446 million in 2008.
The Ohio Third Frontier offers 20 innovative programs for emerging and established high-tech companies, including grants for pre-seed funding, research initiatives, product development and commercialization.
The Ohio Third Frontier 2009 annual report outlines the performance metrics as measured by the Technology and Innovation Division at the Ohio Department of Development. The division is charged with administering the Ohio Third Frontier, the state's largest ever initiative to grow Ohio's innovative assets. On program expenditures from Ohio Third Frontier of slightly more than $400 million, the program has leveraged more than $3.5 billion in funding from outside sources, sustaining an investment leverage ratio of nearly nine additional dollars for every one Ohio Third Frontier dollar to date.
For a statewide list of Ohio Third Frontier success stories, click here.