A key driver to any bioscience community is its ability to convert ideas to products/services, efficient transition from bench to bedside. Technology transfer and licensing of intellectual property is fundamental to the growth of Ohio’s growing bioscience industry.
Bioscience Tech Transfer Offices around Ohio
The Ohio Technology Transfer Officers' Council provides a forum for all Ohio's academic, medical and government research institutions to share information, insight, best practices and experiences in an open and candid environment to improve the institutional technology transfer function within each organization, to enhance inter-institutional collaboration, and to elevate the role, visibility and proficiency of institutional technology transfer throughout the state.
What are the benefits of university technology transfer efforts?
Academic technology transfer - the licensing of innovations by universities, teaching hospitals, research institutes and patent management firms - adds billions of dollars to the U.S. economy and supports hundreds of thousands of jobs. It contributes to the spawning of new businesses, creating new industries and opening new markets. Most important, technology transfer from universities to the commercial sector has led to new products and services that improve our quality of life.
How does the public benefit from university-industry partnerships?
When companies license technologies from universities, continuing collaborative partnerships will often help move new discoveries from the lab to the marketplace. Partnerships enable researchers who make initial discoveries to participate in further developments. Generally, the involvement of the original creators in the continued development of the technology will significantly reduce the time to commercialization.
Most important, there is a growing recognition within academia and industry that university technology transfer efforts afford significant opportunities to many communities:
- To the university, technology transfer gives the academic community the opportunity to have a positive impact on the marketplace, products and economic impact
- To the industrial community, technology transfer gives the private, for-profit sector the means to tap the very significant world of new discovery found in the academic laboratory
- To the public at large, technology transfer provides the opportunity to benefit from extraordinary new advances being made by the brightest minds.
Find more technology licensing information at
www.autm.org.