The Ohio Department of Development has officially launched the Ohio Energy Gateway Fund, a $40 million program that will invest in at least twelve projects in the state related to advanced energy. After some delays, the fund, which Gov. Ted Strickland announced in his State of the State address in January, is ready to accept applications for eligible projects, as reported in The Columbus Dispatch.

The state has hired two investment managers, EnerTech Capital and Arsenal Venture Partners, to review applications and make funding decisions. The state also has hired an adviser, USA Energy Advisers, to oversee the process. For more information on the fund, visit the Department of Development's website.