The state has awarded $500,000 to Ohio University’s Innovation Center to expand programming to help new high-tech businesses develop and grow, according to a news release from State Rep. Debbie Phillips, D-Athens.
“The Innovation Center has an excellent record of helping new high-tech companies overcome the obstacles to success, and I am pleased that they will be able to enhance their services,” she said in the news release. “Their work to support high-tech start-ups through the early development phases has enabled businesses in our community to grow, stabilize, and graduate into independent facilities.”
The Innovation Center, operated by OU since 1983 as a business incubator, is part of Ohio’s Edison Technology Incubator program. The center currently houses six companies, and the grant will allow it to increase services through student employees and a full-time administrative associate. The center will also expand marketing efforts to recruit new companies as well as work with developers to find space for companies ready to go out on their own.
The Edison Technology Incubator Program was developed by the Ohio Department of Development to help start-up technology businesses in early stages of development.