Funding the innovation and commercialization you need to make a home in Ohio
At the heart of corporate success is innovation. Every day the world is evolving, and companies are competing to stay ahead by improving what works and discovering the next state-of-the-art breakthrough. JobsOhio is committed to supporting pioneers in the state and driving industry-changing innovation. That’s why we created the JobsOhio Research & Development (R&D) Center Grant in 2016.
The JobsOhio R&D Center Grant program includes up to $100 million of overall funding assistance that helps facilitate the creation of new R&D centers across Ohio in nine targeted industries. Ultimately, companies that receive the grant will build new R&D centers to successfully commercialize innovative products and services, which lead to significant investments and job creation in Ohio.
The R&D Center Grant can be used to further innovations in areas such as:
The significant costs associated with R&D can limit what small and medium-sized corporations can do, but this grant levels the playing field. The R&D Center Grant is not a tax credit, like other states may offer. This grant is awarded to companies in Ohio to help them commercialize new products and services to generate more and better opportunities for Ohioans.
R&D Center Grant Recipients
High corporate interest in the JobsOhio R&D Center Grant program has brought attention to domestic and international companies representing an array of industries.
In 2017, four companies, including Quality Electrodynamics (QED), received a JobsOhio R&D Center Grant. QED was the first recipient of the JobsOhio R&D Center Grant. The company opened the doors to its QED Research Center in late 2017. The center provides the research community and business leaders with a platform to develop innovative imaging solutions.
In the first half of 2018, four more companies – Nanogate, Pillar Technology, Weastec and Dana – received a grant, and additional grant announcements are expected on an ongoing basis. The grant program has been so successful that JobsOhio increased its funding authorization from $50 million to $100 million.
R&D Center Grant Features
Interested to learn if your company qualifies for the R&D Center Grant?
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Strategy, Business Development & Research
Andrew Deye is a managing director at JobsOhio, where he oversees strategy, global business development and research functions.
Previously, Andrew worked in investment banking for eight years, most recently as a vice president at Greenhill & Co. At Greenhill, and earlier at Morgan Stanley in New York and Chicago, Andrew structured and negotiated a wide variety of mergers and acquisitions, public-private partnerships and financing transactions.
A Cincinnati, Ohio native, Andrew graduated from Georgetown University with a bachelor’s degree in business administration. He obtained a master’s degree in public administration from the Harvard Kennedy School.
Andrew has published articles on the U.S. P3 industry, including “U.S. Infrastructure Public-Private Partnerships: Ready for Take-Off?” (The World Bank, September 2015). He currently serves on the board of directors of Learning Enterprises International.