Lorain County Community College Foundation's Innovation Fund
2. Lorain County Community College, The University of Akron, and 10 other regional institutions and collaborators sponsor the Innovation Fund, a regional fund focused on supporting technology-based entrepreneurial endeavors and emerging technology-based businesses. The fund provides awards of up to $100,000 to promising technology-based start-ups located or willing to locate within Northeast Ohio. Awards help early-stage entrepreneur's progress through the business development continuum by providing resources to validate the technology or prove the business model. Recipients are required to provide an entrepreneurial educational opportunity for students.