Six Ohio universities will showcase projects intended to speed promising research to commercial reality during a special presentation to Ohio’s top angel investors, entrepreneurial providers, and university leaders on October 21 from 1:30 to 4 p.m. at the Boat House at Confluence Park, 679 W. Spring St. in Columbus.
The I-Corps@Ohio program, sponsored by the Ohio Department of Higher Education (ODHE), has brought universities in Ohio together to discover ways to jump-start university efforts to bring promising research projects to market to benefit the public good, create jobs and enhance the state economy.
The I-Corps initiative is a statewide, university-based technology commercialization program that 1) qualifies commercialization strategies for new scientific discoveries; and 2) trains research scientists and student entrepreneurs in the advanced principles of technology entrepreneurship and commercialization. ODHE provides $2.4 million in funding, with $800,000 installments from 2015-2017.
“I want to congratulate our higher education stakeholders in priming the entrepreneurial pump in this way,” said John Carey, Chancellor of the Ohio Department of Higher Education. “Capturing the imagination of young scholars to bring invention to commercial reality is an important aspect of higher education today.”
Although Ohio ranks high in terms of university research, officials have said that the ranking in terms of commercializing the results of that research should be higher. Governor John Kasich has identified research commercialization as a prime factor in sustaining job creation and has stressed to college and university presidents and boards of trustees that the issue must be among their top priorities. Implementation of an I-Corps @Ohio program is a key step in addressing the state’s commercialization challenges, which have been addressed in recent Condition Reports published by ODHE.
The October 21 Ohio Collegiate Venture Showcase includes projects developed by Case Western Reserve University, Northeast Ohio Medical University, Wright State University, the University of Cincinnati, the University of Akron and Ohio University.
About the Ohio Department of Higher Education
The Ohio Department of Higher Education (formerly known as the Ohio Board of Regents) is a Cabinet-level agency for the Governor of the State of Ohio that oversees higher education for the state. The agency’s main responsibilities include authorizing and approving new degree programs, managing state-funded financial aid programs and developing and advocating policies to maximize higher education’s contributions to the state and its citizens.
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