|January 08, 2010
Ohio Leads the Way for Start-Up Business Success in the Polymer Industry:
Ohio Leads the Way for Start-Up Business Success in the Polymer Industry: State's strong background in polymers and advanced materials supports new business growth
COLUMBUS, Ohio, Jan. 8 /PRNewswire/ -- Long known for its strengths in
the development and manufacturing of polymers and advanced materials, Ohio
is now a focus among start-up companies as a hot market for business
success in the polymer industry.
Ohio boasts several state-supported programs specifically designed to
encourage entrepreneurial business growth and development, according to the
Ohio Business Development Coalition (OBDC), the nonprofit organization that
markets the state for capital investment. Companies also gain access to a
highly skilled workforce and enjoy a culture of collaboration among
government, industry and academia.
One example of start-up success is Akron Polymer Systems Inc. (APS), a
spin-off from the University of Akron founded in 2002 by two professors,
Frank Harris and Stephen Cheng. APS is focused on developing
high-performance polymers and advanced materials commonly used in liquid
crystal display (LCD) technologies, as well as in aerospace, medical, and
fuel cell applications.
APS is growing rapidly and quickly becoming a nationally recognized and
respected business impacting the way global corporations are using polymers
and advanced materials. APS expects to have some of its initial products
hit the market in 2008, and is advancing towards its long-term goal of
being an OEM supplier of polymers and polymer products. A critical
component to its success has been the polymer research talent pool in Ohio.
"As a research organization, it is critical we have access to the top
minds in the industry," said Bill Fuller, vice president of business
development for APS. "And as a start-up business, being located in Ohio has
been priceless in terms of our success. Ohio's political leadership and
programs for supporting innovation, along with the world-class talent base
emerging from the state's colleges and universities is a combination any
new business hopes for."
APS received two grants through Ohio's Third Frontier Project, a $1.6
billion initiative to help catalyze connections between companies and
academia to support the development process. The Third Frontier Project is
Ohio's largest-ever commitment to high-tech job creation and economic
APS has also teamed up with PolymerOhio, a networking group of Ohio
polymer companies, leading polymer academic institutions, economic
development agencies and service providers.
"The support we've received from Ohio's organizations, academic
institutions and industry and political leaders has been key to our success
as a start-up company," said Frank Harris, president and CEO of APS. "Ohio
has been able to provide us with everything we need to pursue our dreams as
entrepreneurs while still providing us with the balance and opportunity to
pursue our personal aspirations."
"Business leaders are realizing how, in Ohio, they're able to find a
perfect balance between successfully growing a business and still enjoying
life," said Ed Burghard, executive director of the Ohio Business
Development Coalition (OBDC). "Business owners profit from the bottom-line
benefits of better work:life balance for their employees. Ohio offers
low-cost, low stress communities in a combination of micropolitan and
metropolitan cities. This diversity provides executives and employees the
resources and time to make any ambition achievable. Ohio truly is the state
of perfect balance."
The Ohio Business Development Coalition (OBDC) is a nonprofit
organization that markets the state for capital investment. The OBDC
provides marketing strategy and implementation to support Ohio's economic
development efforts. For more information on business development or
business relocation, visit www.ohiomeansbusiness.com .
For more information about Akron Polymer Systems Inc., visit
SOURCE Ohio Business Development Coalition
January 8, 2008