A major goal of the Ohio Third Frontier is to build strong commercialization and innovation capabilities and capacities in defined technology areas within the state's colleges and universities and nonprofit research organizations that support the needs of Ohio industry. The Innovation Platform Program (IPP) provides support for operating and capital equipment needs that will benefit an entrepreneurial and commercial purpose. The IPP links the research capabilities/capacities of an already established technology platform and all its resources at an Ohio university or college or nonprofit research institution to specific late-stage research, product development, and innovation needs of Ohio for-profit companies. Collaborations are formed to further the near-term commercialization of specific or platform technologies with significant, defined market opportunities.
Clarification 1 – Posted December 14, 2011
State Funds may be used by Collaborators for operating expenses, but not for capital expenses. All capital expenses that are proposed to be purchased with State Funds should be owned by the Lead Applicant, who may then site the equipment at a location that makes most sense, but will still retain ownership and allow access to the equipment by all other Platform Collaborators. Lead Applicants are to use the revised Budget Forms effective as of December 14 rather than any previously posted budget forms.