Thursday, October 29, 2009

Tech across Ohio - TechGROWTH Ohio Invests $1.3 Million in Energy Company

TechGROWTH Ohio recently announced an investment of $1.3 million in Athens-based Global Cooling, Inc., a company that develops innovative, high-performance, energy-efficient cooling products for customers in scientific, medical and electronics fields. TechGROWTH Ohio is an Entrepreneurial Signature Program (ESP) funded by the Ohio Third Frontier to serve southeast Ohio.
techgrowth-logoThe Ohio Third Frontier is an unprecedented and bipartisan commitment to create technology-based products, companies, industries and jobs. Since its inception, the program has created or capitalized more than 500 companies and has created $6.6 billion in economic impact in Ohio, a 10:1 return on investment.
The East Central Ohio Tech Angel Fund (ECOTAF) and five individual “angel” investors (two American and three international) joined TechGROWTH Ohio in the financing.
Global Cooling will use the new capital to accelerate development and market introduction of several products, including the world’s first portable ultra-low temperature freezer (-80°C, -112°F). Global Cooling’s freezer technology weighs less than a third of the nearest competition and consumes less than a quarter of the power.
Click here to find out more about the Ohio Third Frontier, Ohio’s largest-ever commitment to high-tech job creation and economic progress.


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