A biological therapy that can help treat conditions ranging from "super obesity" to diabetes. A way to burn coal without harmful carbon emissions. An easier, cheaper way to diagnose sleep apnea.
When Ohio State combines its research powerhouse status with commercialization efforts, the benefits are huge.
"We have tremendous research capacity and are doing terrific things," President E. Gordon Gee says. "This is the new model of the American dream."
With a new Technology Commercialization headquarters at South Campus Gateway and an innovative partnership with Ohio University, Ohio State is intensifying its focus on bringing cutting-edge research to the marketplace. The goal is to create an entrepreneurial spirit on campus, harnessing university inventions that will help drive the state's economy.
To that end, Ohio State and Ohio University have teamed up to create a $35 million fund for early-stage technology ventures; it will support companies that emerge from Ohio universities' research.
Using university research to create Ohio jobs while solving major societal problems is a win for everyone, Gee says. The fund helps "build a fence around Ohio," he says, creating opportunities for the university's graduates to stay--and thrive--in state.
Brian Cummings, Ohio State's Vice President for Technology Commercialization, says the new office space signals "a new day at Ohio State."
"Technology commercialization at our universities has the ability to transform economies and drive innovative opportunities," Cummings says. "We have the resources, we have the leadership behind us, to create these new programs."