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Experts Agree. Ohio's Technology Investment Future Looks Bright
Date:9/25/2007

COLUMBUS, Ohio, Sept. 25 /PRNewswire/ -- Experts in health care and technology investment discussed objectives, obstacles and opportunities for health care and technology-based economic growth in Ohio today at the Ohio Capital Fund's Annual Seed & Early Stage Summit. These experts will help shape Ohio's future as it rebounds from recent economic challenges.

"The economic environment for the State of Ohio is changing," said Paul Cohn Vice President and Regional Director of the fund. "We are tapping our state's rich history of innovation to fuel the ideas of tomorrow. The Ohio Capital Fund is investing in venture capital funds that have committed to invest into Ohio's greatest innovators, helping to build the State's 21st century entrepreneurial economy."

"Venture capital investments bridge a critical gap in the funding continuum for emerging industries across the state," said Lt. Governor Lee Fisher, who also serves as Director of the Ohio Department of Development. "By encouraging private investment to industries in the early stages of development, the Ohio Capital Fund provides Ohio companies with a distinct, competitive advantage not found in other states. These investments result in more jobs and a stronger economy for all Ohioans."

S. Michael Camp of the Ohio State University's Fisher College of Business discussed the status of venture capital in Ohio. He cited a study conducted by the university stating "There has been a tremendous amount of company formation in the seed and early stages over the past three years. These emerging companies need ever increasing amounts of capital to fuel their growth. Ohio is working to address their needs through programs like the Third Frontier and The Ohio Capital Fund. It's exciting to see the growth in entrepreneurship in Ohio and what that means to Ohio's future."

The summit also included panel discussions that featured Ohio technology company CEOs and Health-science venture capital investors.
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SOURCE Ohio Capital Fund
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