Ohio State joins statewide initiative to boost university technology commercialization

Under the leadership of the Lieutenant Governor Jon Husted and the Inter-University Council of Ohio, Ohio’s public universities came together to establish a best in class process that applies to public universities across the state for how universities license our institutions’ intellectual property.

Ohio State’s Corporate Engagement Office hosted the Lieutenant Governor on Friday, September 6 as he announced the Ohio IP Promise. The initiative helps ensure that Ohio’s public universities are competitive and aligned when it comes to the transfer of our discoveries to the marketplace and aims to foster a climate where innovation thrives through partnerships.

“This initiative is an example of our commitment to all of our stakeholders – including inventors, companies, entrepreneurs and investors – in fulfilling our land-grant mission to effectively transfer Ohio State’s discoveries and innovations to market where they can impact people’s lives,” says Kevin Taylor, associate vice president of technology commercialization at Ohio State.

Ohio State’s Corporate Engagement Office has dedicated a webpage to the elements of the promise, with detailed information on the commercialization process for specific audiences throughout the site.

After significant benchmarking with key stakeholders and peer institutions, the universities aligned on a set of governing principles for the Ohio IP Promise: flexible, transparent, simple, clear, easy and fast. The promise is based on clear and transparent guidelines and procedures that have been adopted and implemented by all public institutions that help make collaboration easier and providing a more transparent view into the commercialization process.

See Ohio State News coverage of the press conference.