The Innovation Fund, Northeast Ohio’s most active pre-seed fund for technology startups, has awarded $25,000 grants to six young companies. The funding will be used to help the companies validate their technology ideas through the imagining and incubating stages and into demonstrating.
“The grants we’ve awarded are so critical to the initial growth of these startups,” says Dennis Cocco, director of operations for the Innovation Fund and co-director of GLIDE, the Edison Technology Incubator that administers the fund. “For each of the six companies, this grant does more than give them working capital to move their technology toward commercialization—it provides that initial market validation that their business idea has the potential for success. And that validation can lead to additional capital, first customers, and strategic partners.” […]