Raising Capital

Funding to advance Ohio State technologies

University technologies are usually early-stage and require significant additional development and investment prior to generating revenue. Access to capital plays a major role in the success of maturing these technologies. Ohio State has developed a full funding continuum to support the development of concepts from early stage to end product or company. This funding continuum supports our researchers and entrepreneurs through the commercialization process and reduces risk for those interested in investing or licensing these technologies.

Technology Validation and Startup Fund (TVSF) Phase II

TVSF funds support Ohio startup companies that will license technology developed at Ohio State during the critical early life of the company and accelerate the time to market. The Lead applicant for a Phase II grant is an Ohio startup or emerging company that will execute an exclusive license with an Ohio higher education institution for a technology within nine months from the date of the Phase II application.

  • Lead Applicant: company
  • Fund Manager: Ohio Third Frontier
  • Eligibility: the company intends to license university technology and is based in Ohio
  • Funding: up to $150,000
  • Type of Security: grant

Small Business Innovation Research (SBIR)

The Small Business Innovation Research (SBIR) program is a federal grant funding technology development and commercialization in small businesses in the commercialization of technological innovations and meet federal research and development needs. Through a competitive awards-based program, these grants enable small businesses to explore their technological potential and provide the incentive to profit from its commercialization.

  • Lead Applicant: company
  • Fund Manager: 12 Federal agencies, including NIH, NSF, DOD, DOE
  • Eligibility: U.S. owned and operated for-profit company with less than 500 employees
  • Funding: Phase I $150,000-225,000 over 6-12 months; Phase II up to $1 million over 2 years
  • Type of Security: grant or contract

Concept Fund

The Concept Fund is an investment fund made possible through Ohio State and Ohio Third Frontier, designed for companies commercializing technologies developed at Ohio State. The fund provides critical capital to perform early customer validation, market validation and product development for pre-seed stage companies.

  • Lead Applicant: company
  • Fund Manager: Rev1 Ventures
  • Eligibility: the company has licensed Ohio State technology and is based in central Ohio
  • Funding: up to $200,000
  • Type of Security: note with a warrant

Rev1 Fund

Rev1 Ventures invests in high-growth ventures at the earliest stages, targeting a broad range of high- growth tech startups, including IT and health IT, biosciences, advanced materials, agribusiness, and advanced and alternative energy. The fund provides seed and seed-plus stage capital for companies seeking to accelerate product development and scale customer acquisition.

  • Lead Applicant: company
  • Fund Manager: Rev1 Ventures
  • Eligibility: the company is based in central Ohio
  • Funding: up to $1 million
  • Type of Security: convertible note, preferred stock

Ohio Innovation Fund

The Ohio Innovation Fund provides venture capital and expertise to enable early-stage Ohio companies to grow and prosper. OIF is committed to retaining the best and brightest in Ohio and supports the creation of the next generation of groundbreaking technologies, companies and industries.

  • Lead Applicant: company
  • Fund Manager: OIF Management Company
  • Eligibility: the company has principal operations in Ohio
  • Funding: up to $3 million
  • Type of Security: preferred stock

Contact Us

Senior Director, New Ventures

Cheryl Turnbull


New Ventures Analyst

Katherine Schulhaus


New Ventures Analyst

Lauren Morowit


Director, New Ventures

Zachary Ellis, Jr.