Fourteen public universities sign-on to “Ohio I.P. Promise”

Fourteen public universities in Ohio have come together to participate in something billed as a “first-in-the-nation” partnership to further accelerate entrepreneurship.

The new initiative, dubbed the “Ohio I.P. Promise,” is designed to make Ohio universities more attractive to innovators and entrepreneurs. According to this news release, “Many schools possess the ownership rights to research and inventions with no plans to bring it to the marketplace. In order to correct this problem, the ‘Ohio I.P. Promise’ establishes a uniform set of guiding principles so researchers know exactly how they can take charge of their work and make it available to the public, if that is their desire.”

The release further explains that the new program ensures that universities provide information on their technology transfer or research website with the following resources:

  • A step-by-step process for how would-be entrepreneurs can go through the commercialization process with their research or invention.
  • Standard Option and License Agreement templates so faculty and student innovators know the terms of their commercialization before even starting to engage in the process.

The “Ohio I.P. Promise” is the latest offering from Innovate.Ohio.gov that also includes a statewide broadband strategy, efforts to shape and improve Ohio’s focus on in-demand jobs, and the InnovateOhio Platform.

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