Story excerpt provided by ideastream.
Report filed by Mark Urycki.
For the past decade or two, universities in Ohio have been working to convert professors’ inventions or research on their campuses into viable commercial enterprises. But now schools are helping their students go commercial.
Lorain County Community College along with Akron, Cleveland State, Youngstown State and others have an Innovation Fund that awards as much as $100 thousand dollars to hi-tech startup companies. The University of Dayton also provides venture capital to student businesses.
Others promote business brainstorming. At a recent Kent State technology hackathon business professor Eddy Patuwo was volunteering and said the kids had some worthwhile business ideas.
“Many of them! And some of them actually coming out of this meeting end up starting companies.”
Click here to listen to the report.
Originally posted January 29, 2015.