UC Awarded Tech Transfer Funds
Published July 2008
UC has been awarded $54,000 from the Technology Commercialization Incentive Program led by the Ohio Board of Regents (OBR).
The $500,000 Technology Commercialization Incentive Program scored universities based on a number of measures, including start-up activating in the state, productive licensing deals with Ohio businesses and industry-financed research expenditures. Of the 16 institutions ranked, UC placed fourth.
"Itís significant that we ranked quite well within the state for technology transfer initiatives," says Sandra Degen, PhD, vice president for research.
In 2007, UC brought in $582,000 in royalty income and had 111 invention disclosures, 56 patent applications, 13 patents issued and one start-up company.
"In previous years, the OBRís incentive program distributed much larger sums of money to a smaller number of institutions," says Anne Chasser, associate vice president for technology transfer and commercialization.
"This year they recognized that resources for technology transfer offices are in short supply and decided to spread funds among a number of institutions. The award we received will be used to support the intellectual property office."