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Technology Commercialization Award

Winners

Mark Souther

2016: Mark Souther, Cleveland State University - News Release (PDF)

Background

The Ohio Faculty Council (OFC) represents the faculty at all of the four-year public universities in the State of Ohio.  It addresses concerns common to faculty members across Ohio and presents a faculty perspective on major issues affecting higher education.  It is committed to supporting and bringing attention to the critical role that Ohio’s institutions of higher education play in revitalizing the economy of the State and the nation by attracting and training an educated workforce.

The OFC Technology Commercialization Award will be presented annually to recognize a faculty member in the state university system of Ohio for exceptional research discoveries and the role they have played in supporting the translation of these discoveries into marketable products and/or services.  In partnership with VentureOhio, with its 90 members (including major VC funds, angel groups, incubators and corporations), the OFC celebrates the success of faculty in working toward creating a collaborative and resourceful statewide entrepreneurial ecosystem that allows high-potential companies to grow and prosper.

The winner of the 2016 OFC Technology Commercialization Award will be announced at the annual VentureOhio award dinner in Columbus, Ohio in September 2017.

Eligibility

  1. Candidates for a Technology Commercialization Award must have had faculty status at the nominating institution (a state institution of higher education as defined within the Ohio Revised Code in Section 3345.011) at some point during the 2016-2017 academic year.
  2. The nominating institution must have finalized a licensing agreement between June 1, 2016 and May 31, 2017 for intellectual property, copyrights, or other creative works that the faculty member played a role in creating.

Selection Criteria

  1. The nomination should outline the extent to which the commercialization activities advance the teaching, research, and engagement objectives of the nominating institution.
  2. Nominations should provide specific indications of the commercialization activity’s contribution toward creating a collaborative and resourceful statewide entrepreneurial ecosystem within the State of Ohio and beyond.  Suitable indicators could include:  licensing fees collected by the nominating institution to date; projected licensing fees to be paid to the nominating institution over the life of the agreement; the number of jobs (especially high-paying jobs) created; and synergistic collaborations with other institutions of higher education (public or private) or companies in the state.
  3. Nominators should outline how the innovation(s) will be or were brought to market.

Nominations

Each of the public four-year universities in Ohio may nominate up to two of its faculty members for the Technology Commercialization Award. One nomination can be made by the institution’s provost/chief academic officer and one nomination can be made by the president/chair of the university’s Faculty Senate/Academic Council.

Deadline

Nominations must be submitted to the Ohio Faculty Council by 5:00 p.m., August 28, 2017.

Nomination Form

A 2017 nomination form is available on the Ohio Faculty Council website.

Nominations must be accompanied by a completed nomination form. All information requested on the nomination form must be provided but nominators should also feel free to insert additional content and expand upon the required information.  Product-specific documents and marketing plans are not required but will be accepted.

Evaluation Process

The Ohio Faculty Council will empanel a committee comprised of accomplished venture capitalists, business leaders, university research officers, and technology transfer experts to evaluate all complete nominations submitted prior to the submission deadline.  Decisions of the review panel will be final.  Nominators will be notified of the outcome of the evaluation process at its conclusion.