Cornerstone Research Group, Inc. (CRG) recently announced a new strategic relationship with its sister company Rushlight Ventures. Under the terms of the agreement, Rushlight Ventures will have first rights of offer to commercialize all intellectual property generated by CRG. This significantly expands the relationship between the two entities, which are sister companies under Rushlight Assets, the parent holding company.
Rushlight Ventures plans to add multiple new hires as it anticipates taking on additional client companies.
“We plan to open an office in Dayton’s downtown Hub facility this spring, in addition to maintaining offices in Miamisburg,” said Rushlight Assets president Andrew Cothrel. “We will be positing multiple openings in January to grow the team.”
As part of the agreement, Rushlight Ventures also will perform a variety of commercialization support activities for CRG.
“The agreement with CRG is an important milestone for Rushlight Ventures,” said Cothrel. “It sets the stage to not only enable improved commercialization services to our sister company, but also allows Rushlight Ventures to begin to serve other clients with similar profiles. We intend to unlock a great deal of government-funded research value as we assist clients beyond CRG with their commercialization success.”