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Open Innovation Incentive (OII)

The goal of the Open Innovation Incentive (OII) is to incentivize and assist Ohio middle market companies with in-sourcing innovations needed to overcome technical obstacles with a next-generation or new product, service, or process. This is expected to lead to quicker time to market, reduced development costs and increased competitiveness, resulting in positive economic activity in Ohio. In order to achieve this goal and overcome the potential barriers, the Open Innovation Incentive assists Ohio middle market companies with half of the transactional costs of utilizing the services of two Open Innovation Intermediaries selected through this RFP.