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Partnership Could Help Monetize Intellectual Property At Ohio's Universities

Work at a Ohio State University lab.
Ohio State University

Ohio's public universities are teaming up to create one simplified process for students and staff to commercialize their research and inventions.

The partnership among the state's public universities will create a set of guiding principles so researchers can take their work and inventions to the marketplace.

Lt. Gov. Jon Husted says there are many universities around the country that do this well.

"But I don't believe there's a state in terms of having a simplified, easy to understand, transparent process across our entire state system," Husted says.

Husted says what’s being called the Intellectual Property Promise will result in more jobs and investment in Ohio.