The Ohio State University: Comprehensive Company Profile

Background

Founded in 1870, The Ohio State University (OSU) is a public research institution located in Columbus, Ohio. As a land-grant university, OSU is dedicated to advancing knowledge and fostering innovation to address societal challenges. The university offers a wide array of undergraduate, graduate, and professional programs across its 15 colleges, serving a diverse student body. OSU's commitment to research and community engagement has established it as a leader in higher education and a significant contributor to economic development in Ohio and beyond.

Key Strategic Focus

OSU's strategic objectives encompass:

• Research Excellence: With research and development expenditures totaling $1.45 billion in Fiscal Year 2023, OSU ranks 11th nationally, underscoring its commitment to pioneering research.

• Innovation and Commercialization: The university emphasizes translating research into real-world applications, evidenced by 363 invention disclosures and the formation of 11 new startups in Fiscal Year 2022.

• Economic Impact: OSU contributes over $19 billion annually to Ohio's economy, reflecting its role as a catalyst for growth and prosperity.

• Community Engagement: Through initiatives like the Ohio State Extension, the university extends its teaching and research across all 88 Ohio counties, addressing local needs and fostering development.

Financials and Funding

In Fiscal Year 2022, OSU reported revenues of $7.4 billion and a net income of $698.4 million. The university's financial health supports its extensive research initiatives, educational programs, and community outreach efforts.

Pipeline Development

OSU's research endeavors span various disciplines, with significant projects including:

• Soil Science Innovations: Led by Dr. Rattan Lal, OSU is pioneering advancements in carbon sequestration and food security, contributing to global environmental sustainability.

• Medical Research: The university's Wexner Medical Center is at the forefront of medical research, developing new therapies and treatments to improve patient outcomes.

Technological Platform and Innovation

OSU's Office of Innovation and Economic Development facilitates the commercialization of research through:

• Technology Commercialization: Advancing university research to impact lives by translating innovations into business opportunities.

• Corporate Partnerships: Building strategic, mutually beneficial relationships with industry partners.

• Keenan Center for Entrepreneurship: Supporting the creation of startups based on OSU innovations by providing access to funding and resources.

Leadership Team

• President: Walter "Ted" Carter Jr.

• Senior Vice President for Business and Finance and Chief Financial Officer: Michael Papadakis

• Senior Vice President for Advancement: Michael C. Eicher

• Chief of Staff: JR Blackburn

• Chief Executive Officer of The Ohio State University Wexner Medical Center and Executive Vice President at Ohio State: John J. Warner

Leadership Changes

Walter "Ted" Carter Jr. was appointed as the 17th president of OSU by the Board of Trustees on August 22, 2023, and began his tenure on January 1, 2024.

Competitor Profile

Market Insights and Dynamics

OSU operates in the competitive landscape of public research universities, focusing on education, research, and community engagement. The higher education sector is characterized by a commitment to academic excellence, innovation, and societal impact.

Competitor Analysis

Key competitors include:

• University of South Florida (USF): A public research university with revenues of $894.2 million in Fiscal Year 2022 and 17,694 employees.

• University of Texas System: A state university system focusing on higher education, research, and healthcare, with revenues of $19.8 billion in Fiscal Year 2022 and 8,122 employees.

Strategic Collaborations and Partnerships

OSU engages in significant collaborations to enhance its research and innovation capabilities:

• Honda 99P Labs: A digital proving ground for mobility and energy innovators, backed by Honda and OSU, fostering innovation in central Ohio.

• Mobikit Acquisition by Azuga: An OSU startup, Mobikit, specializing in insurance data science and analytics, was acquired by Azuga, highlighting the university's role in fostering successful startups.

Operational Insights

OSU's strategic initiatives, including substantial research expenditures and a focus on commercialization, position it competitively among peer institutions. Its commitment to community engagement and economic development further differentiates it in the higher education landscape.

Strategic Opportunities and Future Directions

OSU aims to:

• Enhance Research Capabilities: Continue investing in research infrastructure and interdisciplinary projects to address global challenges.

• Expand Innovation Ecosystem: Strengthen support for startups and entrepreneurial ventures through the Keenan Center for Entrepreneurship.

• Foster Community Partnerships: Deepen engagement with local and regional communities to drive economic growth and social impact.

Contact Information

• Website: www.osu.edu

• Social Media:

• Facebook: The Ohio State University

• Twitter: @OhioState

• LinkedIn: The Ohio State University

• Instagram: @theohiostateuniversity

This profile provides a comprehensive overview of The Ohio State University's strategic initiatives, financial standing, leadership, and competitive positioning within the higher education sector.