For some innovations, a startup company is the optimal way to bring the technology to market. We have created guidelines to help clarify and simplify the process by which inventive faculty and staff inventors, or creators, may start new companies based on technology created by them at Ohio State.
The most successful startups are those that have a strong foundational team – consisting of a technology leader (the creator) and a business leader – as well as initial investment capital. Ohio State offers the option for creators to recruit and gather these resources on their own or to leverage the Keenan Center for Entrepreneurship’s network.
These creator guidelines have been established to address the increasing number of entrepreneurial creators expressing interest in leading their own startup ventures and assembling the elements necessary for their success – sometimes referred to as the West Coast model. The guidelines have been benchmarked against market terms of the more efficient startup peer institution ecosystems on the coasts that do not offer the same services as the Ohio State Innovation Foundation (OSIF). OSIF was formed in 2012 to hold, manage and facilitate commercialization of the university’s intellectual property.