Ohio State Announces New Technology Commercialization Center

Ohio State University is strengthening its efforts to realize the full potential of faculty research to improve lives and spur economic development through the creation of a comprehensive new commercialization center.  The new approach is a unique model among universities representing a new collaboration between faculty inventors and business.  The new center will form strong partnerships among the Colleges of Engineering, Food Agricultural and Environmental Sciences, Health Sciences, Business, Law and the Office of Research. The office will be housed within the Center for Entrepreneurship at the Fisher College of Business.
“Universities are generating the ideas and discoveries that will drive the new economy of the 21st century. To fully realize Ohio State’s contributions to the state and the nation, we must assure that the innovative work of our faculty – in healthcare, advanced materials and agriculture, among other areas – moves from research to results,” said Ohio State President E. Gordon Gee.

Ohio State is bringing together, in one unified organization, new-technology evaluation, license negotiation, company-formation mentorship and undergraduate and graduate education on entrepreneurship and commercialization. In addition, a Proof of Concept Center will be established to ensure that resources are directed to those inventions showing the greatest potential for the commercial market.  Technology experts, based in the university’s colleges, will screen and prioritize promising technologies. New external councils, comprising primarily industrial leaders, will work with the technology experts and deans to help guide decisions about commercial viability.

For more information, see the release from OSU