UToledo Supports ‘Ohio IP Promise’ to Fuel Innovation, Strengthen Economy

September 6, 2019 | News, Research, UToday
By Christine Billau

The University of Toledo is one of 14 public universities in the state to unite in Columbus Sept. 6 in support of the “Ohio Intellectual Property (IP) Promise,” an initiative led by Lt. Gov. Jon Husted.

The event hosted by the Inter-University Council of Ohio showcased how universities are working to strengthen Ohio’s innovation economy, attract researchers, and serve as a magnet for investors and entrepreneurs.

“The University of Toledo is proud to participate in the ‘Ohio IP Promise’ in support of our researchers and intellectual property as a powerful tool for economic development,” said UToledo President Sharon L. Gaber, who serves as chair of the Inter-University Council of Ohio. “As we make discoveries and invent new technologies on campus, we work to provide a clear path for our researchers to navigate the journey from the lab to the commercial marketplace.”

The guiding principles of the “Ohio IP Promise” are:

• Flexible: Provide industry choices for accessing intellectual property developed through sponsored research;

• Transparent: Publish template-sponsored research and license agreements;

• Simple: Deliver fair and streamlined guidelines for faculty creator startups;

• Clear: Communicate licensing processes on university websites in a clear, prominent way;

• Easy: Provide well-defined university entry points for industry, investors and entrepreneurs; and

• Fast: Reduce impediments that hinder the pace of transactions.

“Gov. Mike DeWine and Lt. Gov. Jon Husted challenged our public universities to bring to life their vision for a stronger economy and IP leadership in Ohio,” IUC President Bruce Johnson said. “Our universities have stepped up in a big way with enthusiasm, creativity and imagination. The residents of Ohio will be the short-term and long-term beneficiaries of this program.”

The Office of Technology Transfer at UToledo helps protect intellectual property and provides professional patenting and licensing services to UToledo’s faculty, staff and students.