Two of Central Ohio’s largest economic engines are collaborating on a technology initiative that could pay dividends for both. Columbus-based R&D giant Battelle has signed a two-year deal to use the Technology Entrepreneurship and Commercialization Center at Ohio State University’s Fisher College of Business to assess the market potential of technology in its development pipeline. The OSU center has been working for Battelle on the project since mid-2009 on a pilot basis. The agreement takes the arrangement into 2011. Spencer Pugh, Battelle’s vice president for international and industrial markets, says the partnership gives the research agency “a cold, dispassionate eye on the market potential” of its technology.
A handful of OSU faculty and students working on the pilot have assessed more than 70 inventions from Battelle’s national security unit, ranging from wave communication technology to soybean-based flame retardants. Michael Camp, academic director for Fisher’s entrepreneurship center, says the school is looking at potential deals with other Battelle divisions beyond its national security group. Based on a monthly fee arrangement, Battelle is set to pay about $112,800 over the two-year partnership, according to Camp. In the meantime, OSU is poised to benefit from products that make their way onto the market. Battelle has the option to hand over the reins on licensing inventions and split royalties if a product becomes marketable. OSU hasn’t asked to control licensing but opportunities could emerge down the road, Camp says.
Source: Columbus Business First