UC-inspired approach to intellectual property rolled out statewide
The Ohio IP Promise, announced Thursday by Lt. Gov. Husted, comes months after talks with UC, startup owners
Lt. Gov. Jon Husted announced Friday the launch of the Ohio IP Promise, establishing a statewide, best-in-class process for how universities cultivate the licensing of intellectual property developed by Ohio’s public universities. The initiative aims to strengthen the state’s economy, attract innovative researchers and serve as a magnet for investors and entrepreneurs.
"Since we changed our approach to intellectual property rights for internal and external partners the past two years, we've seen a 400% increase in the number of startups spun out of university-created IP and an increase in partnerships with companies like Kroger and WorldPay," says David J. Adams, UC's chief innovation officer. "When Lt. Gov. Husted visited us and learned about it, he understood this would be beneficial to all of the state's universities. We commend his leadership for taking action to make that a reality."
In May, shortly after his 1819 Innovation Hub visit, Lt. Gov Husted challenged the Inter-University Council of Ohio (IUC-Ohio) to identify and codify best practices relating to intellectual property developed by the state’s universities. UC and the Ohio State University led the collaborative effort between Ohio’s 14 public universities, engaging faculty, research officers, entrepreneurs, investors and attorneys to gain insights into their needs and ideas.
The steps taken by Lt. Gov. Husted today make true for Ohio what our approach toward intellectual property has done for Cincinnati — make the state a place where industry and academia work together for the benefit of all
Neville G. Pinto UC President
All 14 of Ohio’s public universities will adopt and implement the Ohio IP Promise, which requires universities to:
Provide industry choices for accessing intellectual property developed through sponsored research;
Publish template sponsored research and license agreements;
Deliver fair and streamlined guidelines and frameworks for faculty creator startups;
Communicate licensing processes on websites in a clear, prominent way;
Provide well-defined university entry points for industry, investors, and entrepreneurs;
Reduce impediments that hinder the pace of transactions.
UC is already compliant with the Ohio IP Promise, as many of its requirements were inspired by UC’s approach to IP.
“The steps taken by Lt. Gov. Husted today make true for Ohio what our approach toward intellectual property has done for Cincinnati — make the state a place where industry and academia work together for the benefit of all," said UC President Neville G. Pinto. "Talent has choices, and what we've done has signaled to current and future faculty, investors, and the broader business community that our city — and now our state — is the place to be to gain access to opportunities, talent and resources."
Featured image: A graduation day for UC Venture Lab, the Office of Innovation's pre-accelerator program for UC faculty, staff, students and alumni. Photo/Joseph Fuqua II/UC Creative Services
Next Lives Here
Next Lives Here, the University of Cincinnati’s strategic direction, defines our moment and our momentum. More nimble and more robust than a plan, Next Lives Here announces our vision to the world—to lead urban public universities into a new era of innovation, impact, and inclusion.
Related Stories
UC students receive inaugural Arnold I. Miller awards
November 7, 2024
Two students have won the Arnold I. Miller Awards for Outstanding Rising Senior in the UC’s School for Environment and Sustainability (SEaS). Seniors Daoud Saadeh and Jennifer Tomak were the first two recipients of the honor. The award recognizes students for their involvement in the community and their work in the classroom. The award is named for Miller, an emeritus professor of geology, former senior associate dean, and a formative director of SEaS, which is part of UC’s College of Arts and Sciences. SEaS was established just a year ago, created in response to student and faculty demand for a comprehensive hub of environmental research and teaching. An interdisciplinary school, it offers students the opportunity to deep-dive into a curriculum that includes both robust environmental science and social sciences at the same time. It also includes opportunities for co-op, internship, research and study-abroad experiences. Although both Tomak and Saadeh are majoring in environmental studies, they both took a different path to get there.
UC study sheds light on copper’s role in driving kidney cancer
November 7, 2024
A new University of Cincinnati study published in the journal Cancer Discovery details how the accumulation of copper helps clear cell renal cell carcinoma grow and advance in stage.
First-generation students find a home at UC
November 7, 2024
The University of Cincinnati celebrates first-gen students, the Bearcats who are the first in their families to attend college. They bring new perspectives to student life and account for about 1 of every 5 students on campus. Nov. 8 is First Generation College Student Day, celebrated across the nation.