Two of our technology-based startups were among those selected for funding by Northeast Ohio’s Innovation Fund.
Fontus Blue, which has launched cloud-based software that helps water treatment plants meet stringent water quality standards, received a $50,000 Innovation Fund “B” Award to scale its business model. Fontus Blue’s software is based on research by Dr. Christopher Miller, at right, associate professor of civil engineering.
OncoSolutions, which hopes to launch a 3D cell culture testing service for the pharmaceutical industry to more accurately predict which cancer drugs will be effective, received a $25,000 Innovation Fund “A” Award to more fully validate its technology. OncoSolutions is based on research by Dr. Hossein Tavana, lower right, associate professor of biomedical engineering.
Both startups are graduates of UA’s I-Corps program, and are led by a collaboration of faculty and graduate students with support from UA Research Foundation personnel.
UA-affiliated startups have received significant support from the Innovation Fund in 2017. In addition to Fontus Blue and OncoSolutions, O2 RegenTech and Triple Beam Technologies also received awards this year.
Northeast Ohio’s Innovation Fund is a nationally recognized model to accelerate the growth of technology startups through early-stage funding and education. Innovation Fund has provided non-dilutive grant and loan funding to more than 180 startups in the past 10 years.