Ohio is hoping to become a greater player in cybersecurity, thanks to a grant from the Ohio Third Frontier Commission.
The commission approved $5 million to support the Columbus Collaboratory, a partnership established to help companies perform advanced analytics and improve cybersecurity.
In addition to the Third Frontier grant, the Columbus Collaboratory will receive a $20 million investment from its partners: American Electric Power, Battelle, Cardinal Health, Huntington Bank, L Brands, Nationwide and OhioHealth.
“This project showcases what Ohio Third Frontier does best — bringing companies together to solve high-tech problems while creating jobs,” said David Goodman, director of the Ohio Development Services Agency and chairman of the Ohio Third Frontier Commission, in a statement. The Columbus Collaboratory is projected to create 100 jobs during the next five years.
“The Collaboratory is a promising opportunity to showcase the strengths of the central Ohio business community,” said Martin Inglis, executive vice president and chief operating officer of Battelle, in a statement.
“By drawing on our collective capabilities and with an eye toward the future, we can leverage employment and education through aligned and innovative approaches to data analytics and cybersecurity.”
The Columbus Collaboratory grant is part of more than $15.8 million that Third Frontier, the state’s technology-based economic-development initiative, plans to invest this year.
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