# Ohio Innovation Fund

Ohio Innovation Fund is a Private Equity based in Dublin, United States.

## Overview

- **Organization type:** Private Equity
- **Headquarters:** Dublin, United States
- **Region:** North America
- **Address:** Dublin, OH, United States
- **Founded:** 2016
- **Assets under management:** Undisclosed
- **Website:** www.ohioinnovationfund.com
- **LinkedIn:** https://www.linkedin.com/company/ohio-innovation-fund

## Regulatory record

- **Reports private funds:** No

## About

The Ohio Innovation Fund provides venture capital and expertise to enable early-stage Ohio companies to grow and prosper. OIF is committed to retaining the best and brightest in Ohio, and supports the creation of the next generation of groundbreaking technologies, companies, and industries.

## Sectors

- AI/ML
- Digital Health
- Cybersecurity
- Enterprise Software
- InsurTech
- Biotech
- Media & Entertainment
- Mobility & Transportation
- FinTech
- Real Estate

## People

- Bill Baumel — Managing Director
- Faith Voinovich — Principal
- Long Tran — Associate
- Michael Hughes — Venture Partner
- Mike Triplett — Venture Partner
- Jeff Schumann — Venture Advisor

## Questions

### Who leads investment decisions at Ohio Innovation Fund?

Bill Baumel serves as Managing Director and leads the investment team. The firm's public-facing investment team also includes Principal Faith Voinovich, Associate Long Tran, and Venture Partners Michael Hughes and Mike Triplett. Details of the internal investment-committee process are not disclosed.

### What is the firm's relationship with Ohio's universities?

Ohio Innovation Fund operates a Student Experience Program designed to recruit and train students interested in venture capital and entrepreneurship. The program runs a Venture Boot Camp where students conduct accelerated due diligence on a live company in the firm's pipeline, and a Shadow Day for early-stage students. At least one portfolio founder, Matt Benson of eFuse, began his relationship with the firm as an intern.

### What size checks does the firm write?

The firm states its investment range is $500,000 to $4 million, targeting startups at the early stage. This span covers seed and early-growth rounds, with evidence of first-check and follow-on activity across companies such as Immuta, Aware, and Enable Injections.

### Which sectors does the firm concentrate on?

The firm focuses on what it calls 'industries of the future,' explicitly naming AI/ML, data science, cybersecurity, and biotech. Its portfolio also includes companies in medtech, AR/VR, SaaS, fintech, and gaming. There is no public list of sectors the firm explicitly avoids.

### Does Ohio Innovation Fund take board seats?

The firm describes itself as a 'true partner' that provides hands-on support including go-to-market strategy, key hires, and strategic partnership guidance. However, the firm does not publicly disclose its board-seat policy or list directorships on its website.

## Related profiles

- [Ohio Gateway Tech Fund](https://altss.com/profile/ohio-gateway-tech-fund)
- [Ohio Operating Engineers Pension Plan](https://altss.com/profile/ohio-operating-engineers-pension-plan)

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Last updated: 2026-06-03T20:00:00.000Z

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