Ohio State University (OSU) has a thriving startup and Venture Capital ecosystem, supported by numerous resources and initiatives by the university itself. OSU provides education, opportunities, and resources to encourage entrepreneurial ventures among its students and alumni.
One of the notable initiatives is the Technology Commercialization Office (TCO) at OSU, which works to transfer university-developed technologies to the commercial sector. It aids in the startup creation process, patent application, and provides resources and mentorship to startups.
In addition to TCO, the university also runs Ohio State's Business Builder, a support program that aids students in developing their business ideas. The program offers an array of resources including networking events, guest speakers, and business development workshops.
The university's student-led organization, Buckeye Entrepreneurship Network, is another pillar of the startup culture at OSU, which organizes entrepreneurship-focused events and provides resources to help students launch and grow their businesses.
OSU has incubated numerous successful startups, like Nikola Labs, a wireless power company that has raised over $9M in funding. The university also fosters innovative ventures through competitions like the annual Business Plan Competition that gives students and alumni an opportunity to develop and showcase their business ideas.
Notable individuals from OSU's ecosystem include Cheryl Krueger, an alumna and the founder of Cheryl’s Cookies, and Mark Kvamme, a Venture Capitalist who was a partner at Sequoia Capital and now a co-founder of Drive Capital, a Midwest Venture Capital firm that has raised over $1.2 billion.
Overall, the Ohio State University’s commitment to nurturing a thriving startup and VC ecosystem is evident in its various initiatives, a supportive environment, and the successful startups it's producing.
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