Letter of intent due Dec 18, 2008
The OTF represents the States largest-ever commitment to technology-based economic
development. The OTF seeks to expand Ohios high-tech research capabilities, promote
technology commercialization and innovation, create technology-based businesses, and
create high-paying jobs for generations to come. The ten-year, $1.6 billion State of Ohio
initiative is designed to:
Increase the quantity of high quality research that has commercial relevance for
Ohio;
Expand the availability of investment capital needed to form and grow new
companies;
Grow and nurture an increasingly experienced pool of entrepreneurial management
talent supported by organized systems of services and networking;
Expand the availability of capital and assistance to support product innovation in
established companies;
Attract new-to-Ohio company activity that grows and strengthens the function of
specific clusters of excellence; and
Contribute to the expansion of a technically competent workforce that can support
innovation and company growth in specific clusters of innovation.