TechGROWTH Ohio Fund, the Ohio Third Frontier-Ohio University investment fund focusing on early-stage technology companies, announces its investment in OsteoDX, Inc. (formerly known as AEIOU Scientific). OsteoDx is developing and commercializing its pioneering Cortical Bone Mechanics Technology (CBMT), which non-invasively assesses bone strength.
The investment will help OsteoDx prepare for Small Business Innovation Research (SBIR) Phase II funding. Jane New, TechGROWTH Ohio director, said OsteoDx was selected because its promising technology presents a tremendous market opportunity for accurately assessing bone strength.
“Our main goal with this investment is to help build a bridge for the company to secure the SBIR Phase II funding award and secure additional follow-on funding,” New said. “We believe this will allow the company to achieve the technology validation that is critical for initial market entry.”