Press Room >> 2009 Press Releases
For Immediate Release
August 3, 2009
OHIO THIRD FRONTIER ANNOUNCES ADVANCED ENERGY OPPORTUNITIES
$27 Million in Investments Now Available
COLUMBUS – Ohio Third Frontier, a program designed to expand our state’s robust technology sector, has generated a 9:1 return on its investments, leveraging resources and creating opportunities for Ohioans through innovation across our state. Today, the Ohio Department of Development announced the release of three competitive requests for proposals (RFP) for the program’s 2010 fiscal year.
“Ohio Third Frontier continues to demonstrate significant economic impact, creating strong, forward-looking, and sustainable jobs for Ohioans,” said Lisa Patt-McDaniel, Interim Director of the Ohio Department of Development. “With a focus on emerging economic sectors, Ohio Third Frontier expands and accelerates commercialization, creating new companies and clusters with innovative applications.”
Fuel Cells, Photovoltaics, and areas of Advanced Energy such as Wind, Biomass and Energy Storage, have demonstrated a compelling capacity for growth in Ohio. Recognizing that potential, Ohio Third Frontier has tailored its programming to become an investment partner in these industries, catalyzing the significant potential these sectors represent for Ohioans.
Designed in 2002 to build world-class research programs, nurture early-stage companies, and foster technology development that makes existing industries more productive, Ohio Third Frontier creates opportunity through innovation. The National Governor's Association and Pew Center for the States described Ohio Third Frontier as “a comprehensive, professionally run effort to build world-class research capacity, promote interaction between research and industry, and commercialize research and development."
Representatives from Ohio Third Frontier will conduct a bidder’s conference on August 14th at TechColumbus. Letters of intent are due to the Ohio Department of Development by August 25th. Formal proposals will be accepted until September 18th at 2 p.m., with program awards to be made in December.
In keeping with Ohio Third Frontier’s commitment to transparency, proposals will be evaluated independently and externally, then reviewed by the Ohio Third Frontier Commission before final approval by the State Controlling Board.
Complete RFP materials are available at: www.thirdfrontier.com.
All information and guidance required to submit a successful proposal can be obtained directly from the Ohio Department of Development.
Ohio Third Frontier, an unprecedented and bipartisan commitment to create new technology-based products, companies, industries and jobs, has commercialized or created more-than 500 companies and attracted $3.5 billion in private investment to Ohio, a 9:1 return on investment since its inception.
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