The Ohio Third Frontier Commission  , announced Tuesday that it would  , give out nearly$ 1.8 million  , in grants to nine startups across the state.
The income comes from the Technology Validation and Start-up account, and is meant to help promote the industrialization of health, science and defense systems. These are systems that are owned by another establishments, like colleges.
” Ohioans are making strides in medical and military progress, and the , Department of Development , is happy to help them”, said , Lydia Mihalik, chairman of the , Ohio Department of Development , and head of the , Ohio Third Frontier Commission. ” The systems we’re funding now have the opportunity to change lives and represent why , Ohio , is the spirit of development”.
Only under$ 400, 000 went to two firms in , Cuyahoga County.
Zafer Therapeutics in , Pepper Pike , was given$ 200, 000 to market a cell-based treatment that is supposed increase the body’s normal anti-inflammatory systems. Without affecting tissues that are functioning correctly, the therapy do target misguided immune cells. According to the media release, the emphasis is on preventing end-stage organ loss in patients with severe allergic conditions.
According to the information release, AxoNeural Therapeutics received$ 98 000 to market a drug that is intended to boost healing and give cerebral disease affected areas solid enzymes. The therapy is intended to regulate injured spinal cords that are impacted by chronic re-injury, which is frequently brought on by repetitive movements or excessive use.
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