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Article: COMMERCIALIZING ITS INTELLECTUAL PROPERTY STARTS TO PAY OFF FOR BOWLING GREEN STATE UNIVERSITY
- Article from:
- US Fed News Service, Including US State News
- Article date:
- October 14, 2009
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BOWLING GREEN, Ohio, Oct. 13 -- Bowling Green State University issued the following news release:
Until Blue Water Satellite Inc. came along, as company founder Dr. Robert Vincent puts it, "nobody had ever sold satellite monitoring of a reservoir to anybody."
Six months after operations began, though, initial customers had bought into Blue Water enough that the Bowling Green State University spinoff company could make its first royalty payment to BGSU. The payment was modest ($213), but "there will be more, and they will be bigger," said Dr. Deanne Snavely, interim vice provost for research and dean of BGSU's Graduate College.
Blue Water, she said, is "the first official BGSU spinoff ...