Building upon the success of its two previous cohorts, the I-Corps@Ohio program has announced the launch of its third cohort.
The program, sponsored by the Ohio Department of Higher Education, establishes a mechanism for evaluating the market need and commercial potential of technologies proposed by the participating research groups. I-Corps@Ohio has gained the attention of business and industry since its launch in 2015, thanks to the work being done and its potential for commercialization.
The third cohort features two separate technology tracks – med tech and science & engineering.
“We have had great interest from our universities in this program, and as a result, we have selected teams from even more schools to participate in this third cohort,” said Ohio Department of Higher Education Chancellor John Carey. “This program is designed to help university researchers capture the commercial rewards of their discoveries, and reinvest those rewards in additional discovery, and we are pleased with the progress made so far.”
Governor John R. Kasich has identified research commercialization as a prime factor in sustaining job creation in Ohio and has stressed to college and university presidents and boards of trustees that the issue must be among their top priorities.
The I-Corps@Ohio program provides hands-on training to Ohio faculty and students in the Lean Launchpad Business Model Canvas process. At the conclusion of the technology commercialization training program, teams will be able to make market-based judgments on the potential fit of their technologies with customer needs, and make informed decisions on whether to go forward with startup companies or other forms of technology commercialization. The I-Corps@Ohio program is designed to train 60 faculty teams over a period of three years.
Med tech and engineering research are seen as promising areas for commercial recovery, and 20 teams of university researchers will participate in this third round of training, which begins in May. Researchers from the following universities will participate: Case Western Reserve University, the University of Akron, Ohio University, the University of Toledo, Cleveland State University, Wright State University, and the University of Cincinnati, along with a team from Nationwide Children’s Hospital.
The I-Corps@Ohio program is governed by a board composed of representatives from the Ohio Department of Higher Education and six collaborating, Ohio academic institutions: Lorain County Community College, the University of Akron, the University of Cincinnati, Ohio State University, Ohio University and the University of Toledo, with Ohio State’s TEC Institute providing administrative oversight for the program.
The Ohio Department of Higher Education is the state agency that coordinates higher education in Ohio. The agency is directed by its Chancellor, who is a member of the Governor of Ohio’s cabinet, advocates for the state’s public colleges and universities, and carries out state higher education policy.