New Ohio Law Allows State Universities to Obtain Ownership in Spinout Companies | GenomeWeb

By Ben Butkus

Ohio's public universities and research institutions now have more incentive to create startup companies to commercialize their discoveries thanks to a law passed this summer as part of the state's budget bill.

The law will, for the first time, allow the 14 universities and more than 20 community colleges in the University System of Ohio to take equity stakes in newly formed companies in lieu of a cash payment for technology licenses.

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