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Ashford Announces State
Release of over $2.5M in Funding for UT, Regional
Development
Funds to help campus research facilities, energy efficiency
upgrades and small business technology
Special to The Truth
State Rep. Michael Ashford (D-Toledo) last week announced
the release of some $2.5 million in state funds to several
projects for the University of Toledo (UT) and a local
business start-up’s technology commercialization. The
funding was approved today by the state Controlling Board, a
panel tasked with oversight of state spending.
The University of Toledo
received $1,617,800 to upgrade seven existing buildings with
the most critical need for weatherproofing, new roof
replacements and façade restorations. The university also
received $811,920 to improve close to one-third of North
Engineering, a classroom and laboratory building on the main
campus, to make it more energy efficient and cut down on
energy costs.
“As one of Ohio’s leading public
institutions, the University of Toledo is making strides to
provide our community, students, faculty and staff with
state-of-the-art facilities through these smart
investments,” said Ashford. “I am always excited to see our
region develop and grow with an eye on the future, and that
is exactly what UT is all about.”
Ashford also announced that
Toledo-based company, RegenFix, LLC, received $150,000 in
state Technology Validation and Start-Up Fund dollars to
supplement matching funds for the development of custom
prosthetic devices to assist in healing damaged bones.
The university received an
additional $100,000 in Technology Validation and Start-up
Fund money for the testing and development of a compound to
treat bone defects without multiple patient injections. Half
of the funding will go toward a project to develop a
specialized miniature medical device that stimulates the
larynx of stroke victims and patients who have trouble
swallowing.
“These investments help
transition technology developments at UT and local
non-profits to market, making us stronger and more
competitive economically,” said the Toledo lawmaker.
Validation and Start-Up Fund
grants help transition technology developed by Ohio
institutions of higher education, and other nonprofit
research institutions, into the marketplace through Ohio
start-up companies.
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