Navigation Links
Ohio Academic Institutions Increase Research and Development Investments

State focuses on high tech development, opportunities for business growth

COLUMBUS, Ohio, Oct. 31 /PRNewswire/ -- A new report shows Ohio colleges and universities increased academic research expenditures in 2006 to more than $1.6 billion, funneling more money than ever into high technology R&D sectors throughout the Buckeye state. The report further demonstrates Ohio's support for high tech research, development and commercialization, especially in the advanced materials and related biomedical industries, according to the Ohio Business Development Coalition (OBDC), the nonprofit organization that markets the state for capital investment.

(Logo: )

Industry officials attribute much of the state's recent growth in academic research spending to the state's Third Frontier Project, a $1.6 billion initiative founded in 2002 to expand the state's high-tech research capabilities and spur the creation of high-paying in-state jobs.

Working with the Third Frontier Project, The Ohio State University alone increased research spending by seven percent to more than $650 million in 2006, and expects that number to surpass $750 million in 2007. The University says it is investing the majority of its research in medical imaging, nanotechnology and the development of advanced materials technology such as using soy and corn materials for petroleum substitutes in industrial products.

"Ohio is home to some of the world's most innovative research in many groundbreaking fields that are crucial to economic development success," said Ed Burghard, executive director of the Ohio Business Development Coalition. "There is no better outlet to ensure future success than through the resources provided by Ohio's many outstanding colleges and universities."

Ohio State is just one of several leading academic institutions in Ohio that are dedicated to reshaping the world with advanced materials. Ohio's strong industrial base in plastics and printing, and leading research in medical devices, liquid crystals, polymers and polymer engineering make the state a natural home for the emerging advanced materials industry.

"Ohio's strength goes beyond research and development, allowing both companies and entrepreneurs a chance to validate their technologies and get them out in the marketplace," said Mark Collar, chairman of the Third Frontier Project Advisory Board. "Ohio has world-class capabilities in advanced design, advanced materials, and advanced manufacturing, combined with outstanding clinical and validation capabilities, a growing venture capital base, and managerial talent with commercial experience. The state's culture of collaboration between academic institutions, entrepreneurs and companies in these business sectors really makes any ambition achievable."

"Businesses are realizing the opportunities and resources the state of Ohio offers for success in the advanced materials," continued Burghard. "In addition to world-class academic research facilities, business owners profit from the state's newly revamped tax code as well as the bottom-line benefits of better work:life balance for their employees. Ohio offers low-cost, low stress communities and a unique tapestry of micropolitan and metropolitan cities. This diversity provides executives and employees the resources and time to pursue their professional goals and personal aspirations without having to sacrifice one for the other. Ohio truly is the state of perfect balance."

About the Ohio Business Development Coalition

The Ohio Business Development Coalition is a nonprofit organization that provides marketing strategy and implementation to support Ohio's economic development efforts. For more information, visit

SOURCE Ohio Business Development Coalition
Copyright©2007 PR Newswire.
All rights reserved

Related biology technology :

1. Academic ADL Co-Lab moving to downtown Madison
2. Academic R&D pays for itself in jobs and economic growth
3. Academic R&D helps bring federal bucks back to Wisconsin
4. UW Academic ADL Co-Lab joins worldwide effort against slavery
5. Milwaukee research institutions step up the pace for technology transfer
6. cMaster RTplusPCR System for increased sensitivity and product length in RT-PCR
7. Increase the Power and Sensitivity for Your cDNA Synthesis with the New Transcriptor Reverse Transcriptase
8. Increased Sensitivity in Microarray Analysis
9. Increase Protein Activity and Yield
10. Increased Transfer Efficiency Using a Discontinuous Buffer System With the Trans-Blot SD Cell
11. Increase Your Organizations Productivity with LabVIEW
Post Your Comments:
(Date:11/30/2015)... TapImmune, Inc. (TPIV), a ... peptide and gene-based immunotherapeutics and vaccines for the treatment ... be presenting at the 8 th Annual LD ... PM PT. Dr. John N. Bonfiglio a ... the presentation and will join TapImmune management in meeting ...
(Date:11/30/2015)...  AbbVie, is introducing Good Morning Hypothyroidism ... routine for managing the life-long condition of hypothyroidism. When ... way the body absorbs it so resources encouraging patients ... are important. The goal of the new website ... hypothyroidism by establishing a daily routine, spirit of connection, ...
(Date:11/30/2015)... ... November 30, 2015 , ... ... with MarkLogic, the Enterprise NoSQL database platform provider, creating a seamless approach ... Smartlogic’s Content Intelligence capabilities provide a robust set of semantic tools which ...
(Date:11/27/2015)... , Nov. 27, 2015 /PRNewswire/--  Mallinckrodt plc ... announced today that it has closed the sale of ... to Guerbet (GBT- NYSE Euronext) in a transaction valued ... four manufacturing facilities and a total of approximately 1,000 ... the St. Louis area. This ...
Breaking Biology Technology:
(Date:10/29/2015)... Today, LifeBEAM , a leader ... a global leader in technical performance sports clothing ... advanced bio-sensing technology. The hat will allow fitness ... biometrics to improve overall training performance. As a ... bring together the most advanced technology, extensive understanding ...
(Date:10/27/2015)... 2015 Munich, Germany ... technology (ASGM) automatically maps data from mobile eye tracking ... , so that they can be quantitatively analyzed with ... Munich, Germany , October 28-29, 2015. SMI,s Automated ... mobile eye tracking videos created with SMI,s Eye ...
(Date:10/26/2015)... India , October 26, 2015 ... --> adds ... 2015 to 2021 as well as ... 2015-2019 research reports to its collection ... . --> ...
Breaking Biology News(10 mins):