Silverlode obtained $1 million in Ohio Third Frontier grant funding and other economic incentives for the commercialization of a family of new medical devices.
A privately held medical device manufacturer was working to commercialize a suite of new product offerings – an endeavor which required significant capital investment, job creation, and R&D investment. The client engaged Silverlode to identify and secure appropriate incentives to enable the client to commercialize the family of new devices and introduce them into the marketplace.
Silverlode identified, negotiated, and secured local and state incentives and grants to facilitate the launch of the new technology. Ours was the top-ranked application in the competitive process for the Ohio Third Frontier program, and our client was awarded a $1 million grant. Silverlode also procured Ohio Job Creation Tax Credit assistance, a local job grant, and discretionary and training grants from the State of Ohio. The value of the total package was $3 million. Silverlode also managed the incentives compliance for the client.