Innovation Fund of the Lorain County Community College Foundation
The Innovation Fund of the Lorain County Community College Foundation, established in 2007, is a regional fund focused on supporting technology-based entrepreneurial endeavors and emerging technology-based businesses.
The purpose of the Innovation Fund is to make grants to technology business "start-ups" ("B Grants"), while at the same time supporting an entrepreneurial educational opportunity for students, faculty or staff of Lorain County Community College or its University Partnership institutions across the region. In addition, the Innovation Fund will make a limited number of grant awards to validate technology concepts ("A Grants").
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For more information on the "A Grants" and "B Grants,"
click here.
Innovation Fund awards are available to technology-based businesses that are headquartered in Northeast Ohio, and to entrepreneurs who reside in the Northeast Ohio area and whose business concept involves innovative or cutting-edge technologies or new applications for existing technologies.
The application process that you are about to undertake involves three steps:
- Applicant Information
- Qualifications Form
- Business Opportunity and Use of Funds
Applications to the Fund are accepted during funding cycles periodically throughout the year. The number of qualified applications will be capped at 100 applications for each cycle.
The Innovation Fund grant application and review process involves the following steps:
- Application Submittal
- Staff Review of Application
- Qualified Applicants Meet with Screening Team
- Awards by Innovation Fund Committee
Thank you for taking the time to submit an application to the Innovation Fund. We look forward to working with you.
Should you have any questions during this process, please call the Innovation Fund Information Line at 440-366-4121 or e-mail your question(s) by clicking here.
Would you like to review the questions prior to starting the application?
To review the questions asked in the application, please click here.
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Congratulations to our 2008 Cycle 3 Award Recipients:
Brainwashed Software - medical education software company that uses cutting edge 3D animation to teach difficult yet vital concepts. Brainwashed Software previously received a level “A” award for prototyping and testing and is at the stage to move to the technology-forward.
ERIS Medical Technologies - developing software to pinpoint where hospitals, physicians and other health care providers are not compliantly, comprehensively and accurately billing for all rendered services
Thermedx, LLC - to develop and commercialize a novel surgical irrigation device that will help to prevent intraoperative hypothermia.
Inkren - developing a web application that combines a new kind of handwriting recognition with an adaptive learning algorithm for practicing Chinese and Japanese characters.
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Congratulations to our 2008 Cycle 2 Award Recipients:
Absorbent Materials – developing a novel type of swellable glass polymer that is functionally superior to other types of materials used to absorb organic contaminants from water and air.
Akron Medvision – developing glucose sensing contact lens coating.
Body Phyx International – creating a physical therapy device that allows for greater level of access to spinal therapy.
Endotronix– developing implantable wireless blood pressure sensors. Endotronix previously received a level “A” award for prototyping and testing and is at the stage to move to the technology-forward.
Rhinosystems – developing a personal nasal hygiene device.
Zolio – developing an on-line technology-based resume platform for the 18-30 year old market
Congratulations to our 2008 Cycle 1 Award Recipients:
RadioCarb - manufacture safer, less radioactive infant formula and nutritional products for children which prevents genetic damage; use of soybean and algae protein grown with low radiocarbon CO2.
Endotronix - manufacture and sell implantable wireless pressure sensors to medical device manufacturers for integration into their existing medical devices across multiple medical fields.
Sensor Development Corporation - using nano-crystalline technology, produce & market a new versatile, gas detection system for mold and mold-based toxins in the agricultural industry.
Congratulations to our 2007 Cycle 4 Award Recipients:
Axiom - medical education software company that uses cutting edge 3D animation to teach difficult yet vital concepts.
Collabotive - innovative collaboration technologies to manage consumer reviews and ratings from multiple, independent websites.
CutterCroix - engineers software for small to mid-size contractors that is simple, economical, mobile, scalable, and delivered as a subscription-based web application.
Segmint - software that will enable analysis of every aspect of a consumer's spending habits from a wide variety of data sources.
Congratulations to our 2007 Cycle 3 Award Recipients:
Nanomimetics - developing a revolutionary nano-polymer coating technology for use in medical and industrial applications.
VasoLux MicroSystems - developing medical imaging technology to improve the diagnostic assessment of cartilage.
Wireless Environment - inventing and designing efficient LED lighting technology and associated remote control systems.