- Annual Reports
Starting a Company with CoStart
CoStart is a cost avoidance program for qualified faculty researchers interested in starting a company using OSU-licensed intellectual property. CoStart serves researchers who need extensive instrumentation that is unavailable outside of their university laboratory by allowing access to lab facilities at affordable reimbursement. The program also provides faculty with a selection of leave options to reduce or eliminate their university duties for periods of time up to one year so they can focus on development of their technology and their company.
The CoStart Process:
The proposals for a startup company will be submitted by the faculty entrepreneur to the Technology Development Center and will be reviewed for viability by the Technology Business Development Program(TBDP). During this process the faculty member must also seek departmental and college approval and establish a Conflict of Interest Management Plan. After receiving initial approval from the college and TDC, the proposal will be sent to the Provost and the Vice President for Research and Technology Transfer for final approval. Following final approval, the faculty entrepreneur should form a company management team and negotiate the appropriate agreements with TDC. The final step is to raise funds for the onset of the project.
The following interactive flowchart depicts the entire process.