InnovateOhio
*FOR IMMEDIATE RELEASE: *MEDIA CONTACT:*
*September 6, 2019 Carolyn Cypret, 614-995-1815
Ohio Entrepreneurs, Business Leaders Praise I.P. Promise
IPP
(COLUMBUS, Ohio) Ohio entrepreneurs, business leaders and venture capitalists today commendedInnovateOhio and theDeWine-Husted Administrationfor the latest effort to attract businesses and entrepreneurs to the state through the launch of the I.P. Promise: Innovate.Ohio.gov/IPPromise [ [link removed] ]
*_What Theyre Saying:_*
Streamlining licensing processes within Ohios universities will reduce the time and cost to move potentially transformative innovations into the marketplace.
*-Mike Triplett, "President", Carmen Partners*
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"One piece of making Ohio competitive is ensuring that technology can be spun out of our research institutions to create impactful new companies. The process of licensing or acquiring technology from universities and research institutions can be highly complex and slow. Ohio will be the first state where all of the state research institutions commit to making the process efficient, predictable, and transparent. I am confident that the Ohio IP Promise will deliver on its goal of attracting more investment to our state that will result in new high-technology jobs. And, in turn, I expect this will result in additional royalties and income for our research institutions. I'm excited about the groundbreaking cooperation of our research institutions, InnovateOhio, and many other stakeholders that have assisted in delivering on the Lt. Governor's vision."
*-Rob McDonald, "Co-founder of the Brandery and Partner at Taft Stettinius and Hollister LLP"*
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For Ohio to remain competitive in the fast-paced, technologically advanced world of tomorrow, we must help remove barriers that face entrepreneurs and venture capitalists as they are forming their ideas. The IP Promise brings everyone to the table, joining public universities and business leaders together to streamline the intellectual property process and to support quality innovations generated at Ohios universities.
-*Bernie Moreno, *Bernie Moreno Companies**
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Start-up companies face significant challenges and costs as they get their product to market. The IP Promise helps companies overcome those obstacles and nurtures the growth of industry by helping innovators navigate licensing agreements and guidelines for intellectual property, keeping Ohio competitive.
-*Alex Timm, "Co-Founder", Root Insurance Company*
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It is clear that InnovateOhio has listened to business leaders and colleges to create the IP Promise, an inspiring and impactful initiative that will break down bureaucratic barriers for startup companies at universities around the state.
-*Falon Donohue, **"CEO", VentureOhio*
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I applaud the Lt. Governors efforts to ensure that Ohio entrepreneurs have a streamlined pathway to building a successful and innovative business. The IP Promise unites universities to create a foundational system for intellectual property and helps eliminate red tape during this process.
*-Will Lucas, **"CEO & Founder", A William Lucas Company*
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The Midwest is home to the next frontier of technological advancement, and Ohios colleges and universities are a big part of the equation when it comes to nurturing new business ventures. Thanks to Lt. Governor Jon Husted, InnovateOhio, and all those who are part of the IP Promise initiative for facilitating the conversation about intellectual property and how we can leverage partnerships to get Ohio businesses up and running.
-*Mark Kvamme, "Partner," Drive Capital*
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The Ohio IP Promise is a significant development for entrepreneurs, companies, and investors who are looking to bring the technologies developed in universities to the marketplace. It sets Ohio on a path towards becoming one of the leading states for developing innovations. My hope is that the Ohio IP Promise will be extended further in the future to also include Ohios health care institutions and other research enterprises too.
-*Baiju R. Shah, "Managing Director", Accelevate Ventures*
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I'm excited about the great things happening in Ohio to enable more creativity and entrepreneurship, and the opportunity this will create for people in our state. The IP Promise is another important step that makes it easier forresearchers and entrepreneurs to bring their innovationsto life by forming new companies that will grow and thrivein our state.
-*Matt Scantland, "Co-Founder & CEO," CoverMyMeds*
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"I commend Lt. Governor Husted, the partnering universities, and InnovateOhio for recognizing the need for a more transparent and commonsense process for licensing innovative ideas and bringing them out into the world. The IP Promise keeps Ohios public university sector competitive and builds a bridge for investors, entrepreneurs, faculty, researchers and industry partners when navigating intellectual property development."
*-Lou Von Thaer, "President & CEO", Battelle*
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Business is changing and technology is evolving. The IP Promise puts Ohio ahead of other states as far as ensuring an organized, clear path forward for entrepreneurs as they begin the technology commercialization process. I applaud Lt. Governor Jon Husted and InnovateOhio for leading the charge on this creative, efficient and commonsense initiative.
*-Jason Warner, "Senior Vice President of Technology", GitHub*
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As an attorney for technology startups, I sincerely appreciate the IUCs willingness to gather feedback from the community in order to concretely and transparently improve Ohios tech transfer process. University-owned IP has enormous potential to impact peoples lives, both in the State of Ohio and beyond, and Im excited to see that potential expand via the Ohio IP Promise.
***-Kate Ball*, "Attorney", **The Gillespie Law Group, Ltd.**
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Im extremely excited about the transformative potential of Ohio IP Promise! This collaboration between leaders in government, academia, and industry will greatly benefit our entrepreneurship ecosystem.
*-Roman Holowinsky, ***"Associate Professor of Mathematics", ****The Ohio State University**
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"Jon Husted is the 66th and current Lt. Governor of Ohio. He serves as the Director of InnovateOhio, the Director of the Governors Office of Workforce Transformation, and oversees the Common Sense Initiative (CSI). You can learn more at ""www.LG.Ohio.gov" [ [link removed] ]
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