Ohio Third Frontier | Innovation Ohio Loan Fund (IOF)
» Program Descriptions
The Innovation Ohio Loan Fund (IOLF) was created to assist existing Ohio companies develop next-generation products and services within certain Targeted Industry Sectors by financing the acquisition, construction, and related costs of technology, facilities, and equipment. Ohio's manufacturing sector is a key target of this program. The IOLF addresses an identified need in the capital-funding continuum, the IOLF is intended to supply capital to Ohio companies having difficulty securing funds from conventional sources due to technical and commercial risk factors associated with the development of a new product or service. The IOLF can finance up to 75 percent of a project's allowable costs to a maximum of $2 million and a minimum of $500,000.
Applications for IOLF are accepted on a rolling basis.
The Innovation Ohio Loan Fund (IOLF) was created to assist existing Ohio companies develop next-generation products and services within certain Targeted Industry Sectors by financing the acquisition, construction, and related costs of technology, facilities, and equipment. Ohio's manufacturing sector is a key target of this program. The IOLF addresses an identified need in the capital-funding continuum, the IOLF is intended to supply capital to Ohio companies having difficulty securing funds from conventional sources due to technical and commercial risk factors associated with the development of a new product or service. The IOLF can finance up to 75 percent of a project's allowable costs to a maximum of $2 million and a minimum of $500,000.
Applications for IOLF are accepted on a rolling basis.
Asset-Based Company Attraction Program (ABCAP)
Biomedical Research and Commercialization Program (BRCP)
Engineering and Physical Science Research Commercialization Program (EPSRCP)
Entrepreneurial Signature Program (ESP)
Innovation Ohio Loan Fund (IOF)
Ohio Research Commercialization Grant Program (ORCGP)
Pre-Seed Fund Initiative (PSFI)
Product Development Pilot Program (PDPP)
Research Commercialization Program (RCP)
Success and Pre-Seed Fund Initiative (SPSFI)
The Ohio Research Scholars Program (ORSP)
Third Frontier Advanced Energy Program (TFAEP)
Third Frontier Fuel Cell Program (TFFCP)
Third Frontier Internship Program (TFIP)
Wright Centers of Innovation in Biosciences (WCIB)
Wright Centers of Innovation in Engineering and Physical Sciences (WCIEPS)
Wright Mega-Centers of Innovation (WMCI)
Wright Projects (WP)