With new lease on life, Third Frontier to boost private equity attractionBusiness First of Columbus

by Kevin Kemper , Business First Columbus

August 20, 2010 

If it weren’t for Ohio’s Third Frontier program, Orlando Simonetti says Columbus-based EXCMR Ltd. likely wouldn’t be in business.

“Without the Third Frontier we probably wouldn’t have got off the ground,” said Simonetti, EXCMR’s CEO. “We certainly wouldn’t have gotten where we are now … with a prototype and in the process of building four machines.”

Founded in May 2008, EXCMR is a small company that is attempting to commercialize a medical technology developed at Ohio State University Medical Center.

Its name stands for “exercise stress cardiac magnetic resonance imaging,” reflecting its treadmill exercise stress testing in conjunction with cardiac imaging.