Business-Technology Center BUSINESS TECHNOLOGY CENTER TO MOVE TO OHIO STATE CAMPUS COLUMBUS -- The Business Technology Center will take more fledgling science- and technology-based enterprises under its wings when the center moves to larger facilities at The Ohio State University in September. Ohio State and BTC officials are expected to sign a formal lease agreement later this month for use of a portion of the former Simmons mattress manufacturing facility at 1275 Kinnear Road. Expected move-in is in September. Janet G. Pichette, Ohio State's vice president for business and administration, who is responsible for developing the university's research park, believes the BTC will be a real asset for the park. "BTC's work with start-up companies provides a dimension to the park that we cannot give, and graduates of the BTC program will be good candidates for other research park facilities," she said. BTC, through a partnership with the City of Columbus and the Ohio Department of Development, provides an "incubation" environment to start-up technology-based firms, helping them to grow to the point where the firms can fly out on their own in a few years. Some of the more well-known graduates of the center include Neoprobe, McCoy Avionics and Advanced Analytics Laboratories. "Having the BTC in our research park will increase Ohio State's interaction with start-up companies and provide valuable opportunities for students and university-developed technologies," said E. Gordon Gee, president of Ohio State. "This type of business-university partnership is an important part of Ohio State's land-grant mission." "Much of the research that is going on at Ohio State has the potential to contribute to the development of new business opportunities," said Edward F. Hayes, the university's vice president for research. "We believe that the Business Technology Center is one way to facilitate this process." "We want to foster and strengthen our relationship with OSU," said David J. Cattey, executive director of the center. The move, he said, will allow the Business Technology Center to more than triple its available space to tenants to 40,000 square feet and allow for closer interaction with university researchers, students, other personnel and services. "We look forward to doing more things with OSU under the affiliation agreement," said Paula Dunnigan, president of the board of trustees of the Business Technology Center. Dunnigan, of Taratec Corp., said the board anticipates that relocation will make it easier for businesses in the center to hire students and expand their educational opportunities. Students in the colleges of Business and Engineering could especially benefit. "We can provide opportunities for employment in a small business environment to expose students to real life business problems," she says. In addition, engineering students could be hired and gain knowledge in the aspects of running and managing a small business. BTC also plans to conduct seminars and programs of interest to the central Ohio business community. The Business Technology Center will lease 26,580 square feet at the front of the former Simmons complex, which Ohio State purchased in 1992. The 15-year lease contains provisions for three five-year renewals and an option to lease an additional 25,200 square feet. The Business Technology Center was created in 1984 and is part of Ohio's Thomas Edison Program sponsored by the Department of Development. The center purchased the former Orton Memorial Laboratory, 1445 Summit St. and has operated there ever since. Tenants lease space at below-market rates and are provided with a number of shared services such as: receptionist and answering service, conference room, microcomputer systems, library, office furniture and equipment, and a lunch room. The firms also have access to the services of accounting, law and marketing firms. "We provide these young companies with the shared resources they need to get going," says Dunnigan. "We help them to channel as much of their capital into product development as possible." Dunnigan said that services at the new site will include expanded desk-top publishing and design and probably bookkeeping. Current tenants are: ~ The Attia Applied Sciences Inc. ~ Chartwell Technologies Inc. ~ Computerized Industrial Measurements Inc. ~ Computerized Technologies Group Inc. ~ DP Project Masters ~ Environmental Energy Inc. ~ Intercontinental Software Solutions Inc. ~ Laboratory Solutions ~ North American Corrosion Consultants Inc. ~ Technical Management Advisors ~ Michael D Ulery/CPA ~ WCL Agency Services # Contacts: David J. Cattey, 614-294-0206, Paula C. Dunnigan, 614- 291-2229, Richard S. Stoddard, BTC board member and special assistant to the vice president for research at Ohio State, 614- 292-1582. Written by Tom Spring. [Submitted by: GERSTNER (email@example.com) Tue, 13 Jul 93 10:49:08 EST] All documents are the responsibility of their originator.