The Ohio Third Frontier Commission has awarded 杏吧视频 a $500,000 grant for a campus-based translational research fund to help faculty researchers advance and commercialize their innovations.
The grant will transfer the administration of the commission鈥檚 statewide to 杏吧视频, managed through the university鈥檚 .
鈥淚鈥檓 very excited because it allows us to have more influence over the projects that are selected,鈥 said Michael Haag, TTO鈥檚 executive director for technology management and the designated principal investigator for the state grant. 鈥淚t gives us the capacity to really drive translational research on campus that just needs some further investment to commercialize.鈥
TTO intends to issue three requests for proposals (RFPs) in calendar year 2017 and has created a committee of commercialization, venture and entrepreneurial experts to review and approve the submissions.
鈥淚 would envision 10 to 12 projects could be funded through the program next year,鈥 Haag said. Initial RFPs are expected to be announced by January 2017.
鈥淲e are thankful for the State of Ohio鈥檚 support allows us to optimize our strongest assets and expedite bringing products to market,鈥 said Stephanie Weidenbecher, a TTO licensing manager who will serve as director of the TVSF program. 鈥淲e envision this fund as the final bridge to a viable commercial product and are excited to be able to leverage translational research dollars from other funding programs available to faculty.鈥
The Ohio Third Frontier was created in 2002 to build a statewide system that helps bring technology and innovation from the laboratory to the marketplace. Ohio Third Frontier鈥檚 TVSF program, created in 2012, awards money to support technologies developed at Ohio research institutions and spin-off companies that license the technologies.
The fund particularly focuses on driving development in the following areas:
- Biomedical/life sciences;
- Advanced materials;
- Sensors;
- Energy;
- Advanced Manufacturing;
- and Software/information technology.
