Innovation Fund Northeast Ohio, the region’s most active pre-seed fund for technology-based startups, has awarded a combined $375,000 to six young companies.

Funds accelerate the progress of Northeast Ohio’s young, high-growth companies.

Innovation Fund Northeast Ohio, the region’s most active pre-seed fund for technology-based startups, has awarded a combined $150,000 to four young companies. 

March 3, 2015: The Innovation Fund, Northeast Ohio's most active early-stage fund for technology-based startups, has injected $400,000 into seven of the region’s most promising young companies. Four companies received $25,000 awards aimed at validating technologies while three received $100,000 awards meant to prove business models.

Wednesday, the region’s nonprofit Innovation Fund said it has awarded $25,000 to Event 38, as well another Akron startup, BioMendics LLC, which is developing a gel to heal wounds. The fund is designed to help young companies at early stages of development.