Access to Capital and Incentives

The Akron BioMedical Corridor can help you gain access to valuable capital and funding sources, including private, city and state grants, loans and investment capital. We have built strong relationships with key managers of these funds, and will work with you to prepare your pitch to them.  

Private Sources

Venture Capital and Growth Equity Funds

• Athenian Venture Partners
• Blue Chip Venture Company
• Bridge Investment Fund
• Charter Life Sciences
• Chrysalis Ventures
• CID Capital
• Draper Triangle Ventures
• Early Stage Partners
• Everett Partners
• Fletcher Spaght
• Fort Washington Capital
• Foundation Medical Partners
• Frantz Medical Ventures
• Midwest Venture Partners
• Morgenthaler
• Mutual Capital Partners
• NCT Ventures
• Ohio Innovation Fund
• Portal Capital
• Primus Capital
• Radius Ventures
• Reservoir Venture Partners
• River Cities Capital Funds
• Riverside Capital
• RiverVest Ventures
• Talisman Capital
• Triathlon Medical Venture Partners

Angel Funds and Networks

• Akron ARCHAngel Network
• Medical Growth Fund
• North Coast Angel Fund
• Ohio TechAngelFund
• Queen City Angels
• Rocket Ventures
• RMS Capital
• Sycamore Partners

Seed Funds

• Glengary Ventures
• GLIDEFund
• JumpStart

State of Ohio Programs

Innovation Ohio Loan Fund

• Finances acquisition, construction and related costs of technology, facilities and equipment
• Mezzanine financing for companies who have not been able to obtain ordinary financing
• Loans range from $500,000 - $3 million

Ohio Third Frontier

• Funding available to commercialize technology and build research capacity in targeted areas
• Competitive grant funding in areas such as biomedical, advanced materials and others

Global Cardiovascular Innovation Center (GCIC)

• Company Attraction Loan

            Forgivable low-interest loan based on number of employees hired

• Commercialization Grant Program

           Competitive process which grants average $300,000 a year to early-stage companies and institutions developing technologies related to

   cardiovascular disease diagnosis or treatment

Ohio Job Creation Tax Credit

• Refundable tax credit based on number of new jobs created

City of Akron and Summit County Programs

• Job Creation Grant

            Refundable tax credit program based on number of employees hired   

•  Employee Training Assistance                    

•  Tax Increment Financing

             Based on company investment in construction and buildings