TechLounge: Central Ohio Technology | Entrepreneurs | Innovation
The Ohio Third Frontier announced yesterday that two companies located in Westerville were each awarded $1 million to advance their commercialization efforts.
PercuVision LLC, in collaboration with the OhioHealth Research and Innovation Institute and Scott and White Hospitals, was awarded $1 million from the Ohio Third Frontier Biomedical Program. The award was for its DirectVision® Commercialization project to develop the next generation of the company’s product that uses a small camera inside a urological catheter to improve placement of the catheter. The next generation product will use improved and lower cost electronics. The award was made through the Ohio Third Frontier Biomedical program.
Lake Shore Cryotronics, Inc. in collaboration with Traycer Diagnostic Systems, the University of Dayton’s Institute for Development and Commercialization of Advanced Sensor Technology and The Ohio State University were awaded $1 million for its Cost-effective Terahertz-based Characterization System for Semiconductor Materials Research. The project, which was funded through the Ohio Third Frontier Sensors Program, will further develop the first commercially available terahertz-based spectrometer to be used as a research instrument specifically designed for electromagnetic material characterization.
In all, Ohio Third Frontier awarded $13 million under its Biomedical, Medical Imaging, Sensors, and Internship programs.
For full details, download the release from Ohio Department of Development.