Ohio State University smashed its previous record high income from technology commercialization in fiscal 2018 – $7.97 million from stocks in spinouts, royalties and other sources – after more than a decade of effort.
Income from licensing inventions by faculty and staff more than doubled in the year that ended June 30 from last year’s record high of $3.2 million. Before that, the annual number was stuck around $2 million for seven years, through two revamps of the commercialization office, then around $2.5 million for two years.
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Story excerpt provided by Columbus Business First.
Written by Carrie Ghose.
Originally published August 10, 2018.