Ohio State more than doubles tech licensing income to $8M, smashing last year’s record high

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.