The Innovation and Commercialization Team is committed to finding licensees that will dedicate resources to developing Ohio State technologies. An invention can be licensed to multiple licensees, either non-exclusively to several companies or exclusively to more than one company, each for a unique field-of-use (application) or geography.
Once a company is interested in a technology, the negotiation process is led on the Ohio State side by a licensing officer.
Following signing of the license agreement, most licensees continue to develop an invention to enhance the technology, reduce risk, improve reliability and satisfy market requirements for adoption by customers. The licensee’s performance is monitored by Innovation and Commercialization for the duration of the license. Most license agreements require periodic financial and development reports from the licensees. License agreements also typically include performance milestones that, if unmet, can result in termination of the agreement.
Proceeds from license fees, royalties and equity are shared with the inventors as described in Ohio State’s IP Policy.