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Technology Transfer Commercializing Your Technology and Facul
ty-Owned Start-Up Companies
The passage of Senate Bill No. 286 by the Ohio General Assembly provides universities with more flexibility in commercializing technology developed by the faculty and selected staff. The bill allows these OHIO employees, under certain circumstances, to hold ownership interests in firms commercializing technology resulting from their university research. The bill also requires that universities draft rules outlining the proc
ess and procedures by which these commercialization efforts will proceed.
With the acceptance of appointment to Ohio University, an individual makes a commitment to Ohio University that is understood to be the primary commitment in the most inclusive sense. Employees are encouraged to develop discoveries and inventions with commercial potential; however, they should do so with due regard to the broader teaching and research mission of Ohio University. The m
embers of the faculty and staff are expected to devote their primary professional loyalty, time and energy to their teaching, research, and administrative responsibilities. Accordingly, they should arrange their outside consulting activities and authorized private business activities so as not to interfere with the primacy of these commitments. Similarly, faculty or staff should not allow their interest in a financial opportunity arising out of their research efforts to interfere with their relationships wi
th other faculty, staff and/or students. For more information regarding OHIO’s implementation of Senate Bill No. 286, please consult OHIO policy 19.053.
If you are thinking about starting a company to further develop or to sell a product or service from your invention
contact the Innovation Center, Ohio University’s business incubator. The Innovation Center offers companies access to wet laboratories, office space, seminar and meeting rooms and shared research and office equipment. Business development professionals are available to help you grow your company. For further information, visit www.innovationcenter.ohiou.edu or call 740.593.1803.
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