Ohio State joins statewide effort to foster innovation and economic growth

Ohio IP Promise guides universities to follow the following principles:

• Flexible: Provide industry choices for accessing intellectual property developed through sponsored research.
• Transparent: Publish templates for sponsored research and license agreements.
• Simple: Deliver fair and streamlined guidelines for faculty creator startups.
• Clear: Communicate licensing processes on university websites in a clear, prominent way.
• Easy: Provide well-defined university entry points for industry, investors and entrepreneurs.
• Fast: Reduce impediments that hinder the pace of transactions.

“Gov. DeWine and Lt. Gov. Husted challenged our public universities to bring to life their vision for a stronger economy and IP leadership in Ohio,” said Bruce Johnson, president of the Inter-University Council of Ohio. “Our universities have stepped up in a big way, with enthusiasm, creativity and imagination. The residents of Ohio will be the short-term and long-term beneficiaries of this program.”

Chris Booker