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Corridor changes name, expands economic mission |
| By
Jon Strunk |
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Nov 17, 2008
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The UT Science and Technology Corridor is changing its name — becoming Science, Technology and Innovation (STI) Enterprises — and expanding the reach of its economic development efforts, according to University officials.
“The corridor created a strong economic development foundation for UT and for the region,” said Mary Jo Waldock, special assistant to UT President Lloyd Jacobs for economic development.
“STI Enterprises will fold in University research, technology transfer and patent efforts, work-force development, and small and spin-off business incubation,” she said. “UT contributes so much to the regional economy already, and this reorganization will make future and current partnerships that much more focused.”
Dr. Frank Calzonetti, vice president for research development, highlighted the added focus on innovation.
“The National Science Foundation recently conducted a review that showed UT is among the top 10 universities in the nation when it comes to licensing ideas or products for commercialization and launching startup businesses per dollar of research,” Calzonetti said. “Our faculty are and will continue to play a fundamental role as northwest Ohio becomes a knowledge-based economy.”
The concept of the corridor was developed during the tenure of Dr. Dan Johnson’s UT presidency; Jacobs said STI Enterprises would further build on Johnson’s vision.
“The overarching vision initially set by Dan will not change,” Jacobs said. “STI Enterprises will have as its mission the prosperity of this community, with recognition that an entrepreneurial arm of an engaged university is an important tool for implementation.”
Jacobs said the partnerships UT has forged, most notably the merger between UT and the Medical University of Ohio, have had a profound impact on the region’s economic growth and there are no plans to slow up now.
“I have been honored for nearly three years to find myself in a position to implement visions created by my friend, Dr. Dan Johnson,” he said. “His vision was that The University of Toledo become an ‘engaged university’ with all the implications of that phrase.”
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