Startup leaders will negotiate the licensing rights and related financial terms with the Ohio State Innovation Foundation – the Ohio State affiliate formed in 2013 to hold, manage and facilitate commercialization of the university’s intellectual property. If the startup company is expected to receive money from the university – for example, if the university might become a customer of the company – the company must register as a University Technology Commercialization Company (UTCC) to help manage any potential conflicts of interest.
Startup leaders negotiate separately with the inventor(s) for any services provided to the startup company (outside of the scope of the inventors’ employment with Ohio State). The university does not provide legal counsel to inventors outside of their role with the university. During this process, startup leaders and inventors should engage in discussions around inventor equity considerations, advisory board seats and consulting agreements.
News & Events
More than 100 rising high school seniors recognized with Honda STEM Award
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More than 110 rising high school seniors were recognized with the Class of 2022 Honda-Ohio State Partnership STEM Award during a recent virtual ceremony featuring...
Ohio State trustees recognize longevity of partnership with Honda
May 20, 2021
The Ohio State University Board of Trustees recently approved a resolution of appreciation to recognize the longevity of a partnership between the university and ...