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Dayton Coalition Gets $11.3 Million to Launch Fund

Monday, November 20, 2006 8:30:00 AM PDT | VentureDeal Staff

DAYTON, OH  --  The Dayton Development Coalition has obtained a matching grant of $11.3 million from the Ohio Department of Development's Third Frontier program. 

The money will allow the organization to launch its $18.8 million fund in support of advanced technology companies, especially in the areas of advanced materials, composites, nanomaterials and sensors.

The money will be divided between a pre-seed fund enabling grants of $50,000 each and a service program that will fund everything from management recruiting to prototype testing.

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