Columbus - 
State Senator Gayle Manning (R- North Ridgeville) announced today that the state Controlling Board has approved $3 million in Ohio Third Frontier funding to the Lorain County Community College Foundation (LCCCF) and Greenfield Solar Corporation to help commercialize solar cells and other promising technology ideas. "These funds will help support Ohio-based companies in the advanced energy and other hightech fields develop and commercialize their products, making Ohio an industry leader in these fields and creating new job opportunities for Ohioans," Manning said. "The Third Frontier Program has helped dozens of businesses since its inception, and I am pleased that Lorain County Community College and Greenfield Solar will be able to take advantage of the program and invest in projects that will help move our state forward." The funds awarded today are made possible by the Third Frontier Project, a 10-year initiative that began in 2002 and is designed to expand Ohio's high-tech research capabilities, support entrepreneurship, develop new products and finance advanced manufacturing technologies to help existing industries become more productive. A four-year, $700 million renewal of the program was approved by Ohio voters last year. LCCCF was awarded a $2 million Third Frontier Research and Development Taxable Bond for its Innovation Fund, which was established in 2007 and assists technology-based companies in the early stages of development. The funding awarded today will be used to help capitalize 80 companies, generating more than $2 million in co-investments and creating 80 internships for students and 80 full-time jobs. Collaborating with LCCCF on this project are the University of Akron Research Foundation, Cleveland State University, LCCCF Great Lakes Innovation and Development Enterprise, the JumpStart Entrepreneurial Network, Northeastern Ohio Universities Colleges of Medicine and Pharmacy, Stark State College, Youngstown Business Incubator and Youngstown State University. Greenfield Solar will receive a $1 million Third Frontier Research and Development Fund grant to advance its low-cost concentrated photovoltaic design project. The company - based in Oberlin, Ohio - has developed the StarGen solar system that uses off-the-shelf components and materials to produce solar energy at lower costs, and is now working to bring the StarGen system to the market. Money from the grant will help Greenfield reduce the installed cost of the system while also improving performance, reliability and safety. Greenfield is working with the Edison Materials Technology Center and The Ohio State University on this project, with the collaborators providing cost share of at least $1 million.
 
 
 
  
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