Representative Marcy Kaptur helped break ground on a $4 million Mixed Technology Incubator at the University of Toledo (UT) which will support commercialization of developments made by students and professors, especially from the College of Engineering.
"This endeavor represents the future of our community, where cutting edge research, alternative energy, and economic development come together," Kaptur said. "The University of Toledo is already at the forefront of research, and now our whole community can look forward to supporting the ideas and innovation that result from a vibrant student body on an improved campus."
UT has gained a national reputation for its efforts to move patented technologies to commercialization, benefitting local job creation and income for the university, Kaptur said.
Kaptur joined UT President Lloyd Jacobs, Robert Hickey of the Economic Development Administration, and Mr. Norm Nitschke.
The project is supported by a $2 million federal award, $1 million from the State of Ohio, and $1 million from the Nitschke family. The incubator will assist members of the UT community to market research and will facilitate the broadening of the scope of research performed at the university.