Overview
The Center for Technology Commercialization is responsible for administering the intellectual property affairs of the Cincinnati Children's Research Foundation and Cincinnati Children's Hospital Medical Center. The Center for Technology Commercialization promotes and facilitates the clinical and commercial use of the research of Cincinnati Children's through active technology licensing and company formations program, which result in additional revenues to support future research.
Also, the Center for Technology Commercialization reviews and negotiates all agreements involving industry-sponsored research, confidentiality, biological materials' transfer and licensing. It encourages investigators at Cincinnati Children's to submit invention disclosures on promising new technologies for eventual commercial utility. The Center for Technology Commercialization consults with faculty and staff on topics related to industry relations, commercial development of inventions, patenting and patent strategy, licensing, and all other issues involving intellectual property and venture development.
The newest function of the Center for Technology Commercialization is venture development. In 2005, the TOMORROW Fund was launched. Funded in part by an award from Ohio's Third Frontier initiative, the TOMORROW Fund makes seed level investments in start-up companies built around technologies developed within Cincinnati Children's. The TOMORROW Fund, in 2006, invested in two new compaines formed around Cincinnati Children's technologies.
