The Innovation Center, Ohio University’s internationally-renowned business incubator, has been awarded grants from both the Appalachian Regional Commission (ARC) and the U.S. Department of Agriculture to expand business support provided to technology startups in the science industry sectors.
The $250,000 ARC award, combined with a previously won U.S. Economic Development Administration award of $1.15 million, will add three additional biotechnology laboratories to the Innovation Center’s seven labs, as well as improve the building’s infrastructure. In addition to supporting the retention of more than 300 jobs created by Innovation Center clients, the infrastructure improvements are expected to result in the creation of 10 new businesses and 100 new jobs within three years of project completion.
The U.S. Department of Agriculture has also awarded $99,186 to the Innovation Center to provide business development and technical assistance to science and biotechnology sector clients.
Click here to learn more about the plans.