The Impact of Ohio State University’s Entrepreneurship Programs on Business Development

Introduction

Ohio State University has been taking measures to help students and entrepreneurs turn their dreams into reality by providing a variety of entrepreneurship programs and resources. The university aims to boost the local economy by creating more jobs and businesses. In this article, we will take a closer look at the impact of Ohio State University’s entrepreneurship programs on business development.

The Ohio State University Entrepreneurship Programs

Ohio State University offers numerous programs that provide essential resources and training to students and faculty interested in starting their own businesses. These programs include:

Innovation Studio

The Innovation Studio is a collaborative workspace at Ohio State University that is designed to help students bring their business ideas to life. The studio provides access to experienced mentors, design software, and rapid prototyping tools.

The Technology Commercialization Office (TCO)

The Technology Commercialization Office (TCO) helps faculty, students, and staff at Ohio State University transform their innovations and discoveries into successful businesses. TCO provides legal advice, patent assistance and licenses technologies to industry partners.

The Fisher College of Business

The Fisher College of Business at Ohio State University provides a variety of entrepreneurship courses and programs, including a certificate in Entrepreneurship and Innovation. It also offers Keenan Center for Entrepreneurship, an incubator program that provides mentoring, legal support, and seed funding to student entrepreneurs.

Impact of Ohio State University Entrepreneurship Programs

Ohio State University’s entrepreneurship programs have made significant impacts on both the economy and the lives of students who participate in them. Here are some notable accomplishments:

Job Creation

According to a report by the Ohio Development Services Agency, businesses that received support from Ohio State’s Technology Commercialization Office (TCO) created over 1,300 jobs and generated over $58million in economic impact between 2012 and 2014.

Student Success Stories

Ohio State University’s entrepreneurship programs have produced several successful student enterprises, such as the mobile app company, Mosadi. Co-founders Gideon Joseph and Samuel Enrique have benefited from Ohio State’s innovation studio and Fisher College of Business programs. Mosadi was featured in the Forbes list of America’s Most Promising Companies in 2015.

Community Outreach

Ohio State University Entrepreneurship Center contributes to the local community beyond just the campus. They have established several programs with business accelerators and workspaces such as Rev1 Ventures to provide entrepreneurship services. Additionally, Ohio State University has partnered with the city of Columbus to found Fund for the Economic Success of the Third Frontier to invest in various startups essential to the infrastructure of the state.

Conclusion

Ohio State University’s entrepreneurship programs have a massive impact on the local economy by creating employment and nurturing companies. The Fisher College of Business and Technology Commercialization Office (TCO) along with Innovation Studio by Ohio State set the pace for both students and the local community to realize their entrepreneurial potentials. With these programs, Ohio State University is cementing itself as a launchpad for business development and job creation.