Ohio Department of Development
(COLUMBUS, Ohio) – The Ohio Third Frontier Commission today approved $67,440,000 to help entrepreneurs develop innovative products and to support the research and commercialization of medical, engineering, and scientific technologies.
Volynt Aero, Inc., located in the city of Oxford (Butler County), was awarded $200,000 to commercialize power converter technology specialized for the Vyper aircraft. The Vyper aircraft is unmanned, hybrid-electric, and intended to be used in disaster response scenarios such as emergency cargo logistics. This converter enhances the capabilities of the Vyper by boosting the range and endurance. Some of the funds for this project will be used to ensure the prototype system is operational. New jobs are expected to be created in Ohio as a result of this project. The technology is being licensed by Miami University.
Read the full press release from the Ohio Department of Development.