Growth & Prosperity Blog

A New Year With New Advances

2018 is Already Showing Great Promise for OIF Portfolio Startup Companies

Fresh off an exciting year of growth and entrepreneurial advances, Ohio Innovation Fund portfolio companies continue to progress, prosper and gain greater industry exposure. 2018 has started off hot with a variety of highlights from the startups we back.

Take a look at just some of the excellent news and updates below.

Eccrine Systems Awarded USAF ContractOhio Medical Startup Funding

Eccrine Systems is bringing its innovative sweat technology to the United States Air Force. The Cincinnati-based, med-tech startup received a $750,000 SBIR Phase II contract that will focus on the real-time measurement of biomarkers in human sweat to help further index and record cognitive performance. The benefits of this partnership are twofold: The USAF receives further research about the productivity and health of its personnel and Eccrine Systems garners greater commercial exposure.

The contract is expected to run through late 2019. Learn more about the Eccrine Systems/Air Force partnership here.

Major Cybersecurity Resource Taps WiretapCybersecurity Funding & VC Firm

Venture capital database CB Insights published its Periodic Table of Early-Stage Cybersecurity Startups, complete with 150+ startups and investors – each offering something different in the cybersecurity sector. OIF portfolio company Wiretap can be found under the Insider Threat Detection section for its ability to proactively tackle internal security risks that may stem from employees, former staff members, contractors and other personnel that may posses unique access to sensitive data and networks.

“We are thrilled to be cited as a leading cybersecurity startup in the insider threat detection category by a respected research institution like CB Insights,” said Wiretap CEO and Co-founder Jeff Schumann. “Wiretap is gaining serious momentum – we were recently honored as a Best Place to Work in Columbus and we’re excited to enter the new year raising more eyebrows.”

Stirling Ultracold Becomes Supplier of The Year Technology Startup Funding Firm

VWR, a major international laboratory supplies distributor, recently recognized Stirling Ultracold with its 2017 Supplier of the Year Award. This comes as even greater news because VWR is approaching $5 billion in total sales, with the assistance and innovation from Stirling Ultracold leading the growth.

Stirling Ultracold is currently the ULT biological freezer of choice for many leading institutions and universities across the nation, including MIT, Harvard and multiple schools in the University of California system. They are the world’s most efficient ULT freezer and the first ever company in the industry to receive Energy Star certification.

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A New Year With New Advances