A LESSON FROM THE OHIO THIRD FRONTIER

ROCKBUILDERS

THE UNIQUENESS OF OHIO THIRD FRONTIER PROGRAM IN SUPPORTING THE GROWTH OF ENTREPRENEURSHIP

From the lecture on The Role of Government in supporting the growth of Entrepreneurship, it is obvious that the example of the State of Ohio is very unique. The uniqueness of the Ohio case can be traced to the motivation of the government to support the growth of the economy through funding entrepreneurs. To achieve this, the Ohio Third Frontier was formed in 2002 as a government program to provide financial support to entrepreneurs.

In terms of timing, we are made to understand that over a period of ten years, the government of Ohio had helped to provide capital to investable entrepreneurial ideas like CardioInsight co-founded by Charu Ramanathan. Cleveland’s entrepreneurial boost was ignited by the obvious decline in investments which aroused the interest of government and entrepreneurs to do something about the declining economy. The catalyzing…

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