Columbus, Ohio's Third Frontier Commission approved $6.5 million for the Commercial Acceleration Loan Fund's first round, including $1.6 million to Akron-based Intellirod Spine. Oberlin-based Synapse Biomedical received $2.4 million, Ohio State University's biotech spinoff Nanofiber Solutions received $1.5 million and Cleveland Medical Devices received $1 million.
The funding is to help startups bring their high-tech devices to the market.
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