Taking technology developed in its research labs and making it viable for commercial use is the aim of the University of Cincinnati's technology transfer program. The program was just awarded $54,000 from the Ohio Board of Regents after being ranked fourth out of 16 institutions in the state in technology commercialization. The state's $500,000 Technology Commercialization Incentive Program scores universities on entrepreneurial start-ups, productive licensing deals with Ohio businesses and industry-financed research expenditures. "It’s significant that we ranked quite well within the state for technology transfer initiatives," says Sandra Degen, UC's VP 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. The money will support UC's intellectual property office.
Writer: David Holthaus
Source: Dama Kimmon, University of Cincinnati
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