We’re partnering with leading organizations from the private and public sectors in central Ohio to create a new science, technology, engineering, arts and math (STEAM) Innovation Center that will combine academics with the business and manufacturing needs of our community.
There are a lot of innovation centers where intellectual property is developed, so how is the STEAM Innovation Center different? Ideas are generated here, but the purpose of the STEAM Innovation Center is to convert ideas into commercialized products and services.
The objectives of the center are:
Students, educators, business, industry and regional economic planning and development partners all in one location. That’s what you’ll find at The Point.
With two companies — PolymerOhio and Ikove Capital Partners — in residence at the center, students will work alongside resident professionals and complete on-site internships. Our students will bounce ideas off students, faculty and working professionals. They will collaborate with successful entrepreneurs and businesses through internship and experiential learning opportunities that could lead to employment in the community.
According to a feasibility study commissioned from Boyette Strategic Advisors, the STEAM Innovation Center would be one-of-a-kind in the entire country and follows a series of strategic objectives recently set forth by the Westerville Economic Development Plan. The study conservatively estimates the direct impact of the project will result in the creation of 200 jobs in five years totaling $16 million in payroll. The state and local tax impact over five years is projected at $3.6 million.
Otterbein University will serve as the lead organization and will create and manage the facility and establish an educational framework which will integrate with the business programs and services offered by the center. The center will offer: