Ohio universities take ‘big leap’ on tech commercialization with new ‘IP Promise’

innovate-ohio-inpromise

Melissa Bailey joined Ohio State University’s optometry faculty in 2006, catching the entrepreneurial bug amid the school’s first efforts to amp up commercialization of research.

She spun out her first company, a mobile app to measure vision, in 2014 – a long licensing process “from scratch,” the associate professor said. It also was tough to find internal funding to develop the product.

Her second spinout in 2017 was bifocal soft contact lenses. OSU’s licensing process was streamlined and she landed university funding toward a prototype, which made it easier to find a business lead and investors.

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Story excerpt provided by Columbus Business First.

Written by Carrie Ghose.

Originally published September 6, 2019.

See related articles on 2News, Sentinel Tribune, The Highland County Press, and The Bryan Times.

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