The Fund's mission is to Assist in the Early-Stage Validation and Drive Material Progress of Several Promising Technology-Enabled Business Opportunities, Leading to Sustainable Growth and commercial viability

The First Fifty fund was formed to provide early stage equity and operational assistance to qualifying businesses in Central Ohio. The fund was established through a partnership between the Ohio Department of Development and the Central Ohio Business Development Infrastructure that includes Science and Technology Campus Corporation, The Business Technology Center and Omeris in addition to supporting partners that include Nationwide, Children Hospital Foundation and The Ohio State University.